Facebook is expected to provide more details on its plans to increase privacy and encryption when its annual developer conference begins on Tuesday night.
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Alphabet’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 7% following the results.
Spotify has reached 100 million paid subscribers, a first for any music service, adding more customers in the latest quarter than analysts expected and boosting confidence the company has lots of room to grow.
For technology stocks, the superlatives are endless this year. But rather than take profits and run, investors are flooding the space.
Amazon.com spent $1.7 billion on video and music content during the first quarter of this year, the first time the technology and retail giant has itemised the growing cost of providing streaming services to consumers.
Uber Technologies is seeking to raise as much as $9-billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84-billion.
Intel, which had been the biggest beneficiary of a years-long, multibillion-dollar spending spree by the cloud computing industry, signalled an end to an expansion that drove record revenue and profit.
Cryptocurrencies tumbled after New York’s attorney general cast fresh doubt on the stability of tether, a virtual currency that plays a central role in trading on crypto exchanges around the world.
Amazon.com confirmed on Thursday what has been a slowly evolving financial picture. It is now a company that is more profitable than it has been in years, but the supercharged growth is gone.
Facebook shares surged in late trading after the largest social media company posted robust quarterly sales growth and signalled it may be close to resolving a US privacy investigation.