Shares of social media firms fell sharply on Friday as Twitter joined the Snapchat owner in signalling a cutback in digital ad spend as economic growth sputters.
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Megacap US technology stocks are sinking again along with hopes that this year’s selloff had reached the point of exhaustion.
Google lashed out at the European Union on Monday for doling out a “quasi criminal fine of very large proportions”.
The effects of the fundamentally different approaches to management and culture at Alphabet and Meta Platforms have proven to be far-reaching.
Huawei almost doubled its R&D budget over the past five years to $22.1-billion in 2021 – more than any company in the world outside America.
Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter, potentially giving the billionaire a path to bring all of his business ventures under a single parent.
Microsoft, a stalwart of the technology industry, is having a tough time keeping up with the recent rebound in the biggest US megacap stocks.
The prime ministers of Poland and the Baltics have demanded executives in charge of Facebook, Google, YouTube and Twitter “take a stand” against Russian disinformation.
Facebook parent Meta Platforms has repeatedly demonstrated an ability to rebound after earnings disappointments. Not this time.
Facebook’s announcement that user numbers had dropped for the first time laid bare a long-neglected vulnerability: it’s a one-trick pony.