Earnings reports this week from Meta, Alphabet and Snap showed a solid recovery in the online ad market.
Category: Technology
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.
Federal regulator finds Tesla Autopilot has ‘critical safety gap’ linked to hundreds of collisions
Federal authorities say a “critical safety gap” in Tesla’s Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities.
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says
Drew Baglino, who announced he’d be leaving Tesla on April 15, is selling 1.14 million shares of the electric car company, according to a filing on April 25.
Alphabet soars most since 2015 on strong earnings, first dividend and $70 billion buyback
Alphabet shares shot up Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend along with a buyback.
Intel used to dominate the U.S. chip industry. Now it’s struggling to stay relevant
Intel has missed most of the significant technology transitions over the past 15-plus years, losing its standing in the chip industry along the way.
Alphabet issues first-ever dividend, $70 billion buyback
Google issued its first-ever dividend of 20 cents and authorized a $70 billion share repurchase program alongside its first-quarter earnings.
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.
Jack Dorsey’s payments company, Block, is building its own bitcoin mining system
The company, formerly known as Square, now building a full bitcoin mining system.
Oracle is moving its world headquarters to Nashville to be closer to health-care industry
Oracle is moving its world headquarters to Nashville, according to Larry Ellison.