Facebook has racked up plenty of milestones in its pioneering journey. Now the social media giant is poised to add one it would doubtless rather avoid: the biggest stock market wipe-out in American history.
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Facebook on Wednesday reported second quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year.
Facebook was pummelled by public criticism over privacy issues during the second quarter. Don’t expect to see much evidence of that turmoil in Facebook’s earnings report on Wednesday.
Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe.
European Union competition commissioner Margrethe Vestager coolly hit Google with a €4.3-billion fine last week, the biggest penalty in the history of antitrust enforcement. It didn’t have to be that way.
Microsoft’s cloud-fuelled turnaround persisted in the fiscal fourth quarter, when sales and profit got a boost from customers signing up for more Internet-based storage, processing and Office productivity software.
US President Donald Trump lashed out at the European Union’s $5-billion fine against Google over its mobile phone operating system in the latest trade-related salvo fired from the White House.
Facebook CEO Mark Zuckerberg has walked back on comments that appeared to defend Holocaust deniers, after trying to explain how careful the social-media giant tries to be before kicking people off the
Google will be fined about €4.3-billion by the European Union over apps for Android mobile devices, setting a global record for antitrust penalties, according to a person familiar with the EU decision.
Harry Pokrandt spent the last year scouring the Earth for real estate with two main characteristics. He needed cold weather, to keep his computer servers cool, and cheap electricity, to keep them running 24 hours a day.