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Amazon’s ad business grew 19% in first quarter, topping estimates

Amazon’s ad business grew 19% in first quarter, topping estimates

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

Court finds Apple, executive lied under oath in Epic Games trial

Court finds Apple, executive lied under oath in Epic Games trial

Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York on Aug 1, 2018. Lucas Jackson | Reuters Apple willfully violated a 2021 injunction that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a court filing on Wednesday. She wrote that Apple … Read more

Meta says China retailers are reducing digital ad spend

Meta says China retailers are reducing digital ad spend

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 Q1 earnings report 2025

Snap Q1 earnings report 2025

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

Meta’s AI spending comes into focus amid Trump’s tariff policies

Meta’s AI spending comes into focus amid Trump’s tariff policies

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

Intel CFO says tariffs raise chance for economic slowdown, recession

Intel CFO says tariffs raise chance for economic slowdown, recession

The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession. “The very … Read more

Meta lays off employees working on VR in Reality Labs division

Meta lays off employees working on VR in Reality Labs division

Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality … Read more

Intel (INTC) Q1 2025 earnings report

Intel (INTC) Q1 2025 earnings report

The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel reported first-quarter results on Thursday that beat analysts’ estimates, while issuing disappointing guidance and announcing plans to slash operational and capital expenses … Read more

Discord sued by New Jersey over child safety features

Discord sued by New Jersey over child safety features

Jason Citron, CEO of Discord in Washington, DC, on January 31, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The New Jersey attorney general sued Discord on Thursday, alleging that the company misled consumers about child safety features on the gaming-centric social messaging app. The lawsuit, filed in the New Jersey Superior Court by Attorney … Read more