Wayfair IPO on the floor of the New York Stock Exchange Lucas Jackson | Reuters E-commerce stocks sank Friday after Amazon, the largest U.S. e-retailer, reported disappointing results and gave ….. Read More
Tag: Social media
Borrell: EU’s ‘insufficient’ vaccine donations open door for China
EU foreign policy chief Josep Borrell on Friday lambasted the bloc’s “insufficient” coronavirus vaccine shipments to Africa and Latin America, warning that Europe risks losing influence to China. The remarks ….. Read More
Didi denies it considered to go private after earlier report sends the stock soaring
Chinese ride-hailing company Didi denied a Wall Street Journal report that said it could go private to appease Chinese authorities scrutinizing its business. The original Journal report sent Didi’s stock ….. Read More
Snapchat down for many users across the world
The popular social media app Snapchat went down late Thursday night with hundreds of users reporting having trouble receiving snaps, refreshing or even opening the app. According to Downdetector, an ….. Read More
Kakao’s Kim eclipses Samsung heir as South Korea’s richest man
Brian Kim, the founder of South Korean messaging giant Kakao Corp., has seen his fortune jump by more than $6 billion this year, propelling him to the top of the ….. Read More
Facebook has mishandled hate speech content, says German court
A German federal court has criticised Facebook for how it moderates content and handles “hate speech”. The court said the social network cannot delete posts without at least informing users, ….. Read More
Robinhood and the rise of teenage stock investors
It was a fascination with history that led teenager Zachary Cox to stock trading. “I love history and had seen events related to the stock market in history books,” Cox ….. Read More
Billionaire investor Chamath Palihapitiya backs UK insurance start-up as it pivots from drones to cars
Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images LONDON — On June 3, one of London’s hottest days of the year so far, Chamath Palihapitiya, an early Facebook executive ….. Read More
Facebook beats, but warns of significant growth slowdown
CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | ….. Read More
Facebook expects future growth to ‘decelerate significantly’
The social media giant did, however, beat Wall Street estimates for the second quarter due to increased ad spending. Facebook Inc said on Wednesday that it expects revenue growth in ….. Read More