Nurphoto | Nurphoto | Getty Images Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, … Read more
Jeff Bezos, founder and executive chairman of Amazon, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the … Read more
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon reported better-than-expected results for the first quarter, but it gave soft guidance for the current period as the company navigates uncertainty around President Donald Trump’s sweeping tariffs. The stock fell … Read more
Reddit reported first-quarter revenue on Thursday that beat Wall Street expectations, and issued better-than-expected guidance. The stock initially soared by as much as 19% in after-hours trading, but receded to around 5% when executives discussed the shaky economy and Google search-related challenges. Here’s how the company did compared with LSEG estimates: Earnings per share: 13 cents … Read more
A woman cleans the store window of the Amazon house after activists sprayed paint on its logo during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025. Yves Herman | Reuters Amazon reported a 19% increase in online ad revenue in … Read more
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | AFP | Getty Images Chinese online retailers have cut back their spending on Facebook and Instagram ads in reaction to President Donald Trump’s tough trade … Read more
Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington in Washington, D.C., on April 23, 2025. Kayla Bartkowski | Getty Images Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand. Shares dropped 13% in after-hours trading. Here is … Read more
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters Amazon on Monday launched the first batch … Read more
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Mark Zuckerberg’s plan is to make Meta the market leader in artificial intelligence. Investors will want to know how President Donald Trump’s tariffs-heavy trade … Read more
A person works at the Amazon warehouse, busy on Prime Day, in Melville, New York, July 11, 2023. Soren Larson | Reuters For 10 years, Aaron Cordovez has been selling kitchen appliances on Amazon. Now he’s in a bind, because most of his products are manufactured in China. Cordovez, co-founder of Zulay Kitchen, said his … Read more