Wall Street Tech Companies
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Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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Facebook Parent Meta Plans Additional Layoffs in Coming Weeks: Report
Facebook parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13 percent job cut tally from last year, the Wall Street Journal reported on Friday. Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of ma...
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Big Tech firms, Wall Street Lead Job Cuts In Corporate America
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn.
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Biden Says Republicans, Democrats Should Unite Against Big Tech "Abuses"
U.S. President Joe Biden said in an opinion piece in the Wall Street Journal that Democrats and Republicans need to come together to pass strong bipartisan legislation in order to hold major tech companies accountable.
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Meta to Freeze Hiring to Cut Costs Following First Quarterly Revenue Drop, Plunging Profit: Report
Meta CEO Mark Zuckerberg has reportedly informed the company's employees during a weekly all-hands meeting that the company will freeze hiring to cut costs, amid rough economic conditions, according to a report by The Wall Street Journal that states the company wants to cut expenses by at least 10 percent. Back in July, Zuckerberg reportedly told e...
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US To Sanction Russian Firms Providing Tech To Moscow's Military: Report
The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services to Moscow's military and intelligence services, the Wall Street Journal reported on Friday.
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Google-Parent Alphabet Eyes $2-Trillion Value After Blowout Results
Google-parent Alphabet advanced nearer to joining peers Apple and Microsoft Corp in the elite $2-trillion (roughly Rs. 1,49,71,186 crore) market valuation club.
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Trump's H-1B Visa Freeze May Shake Up Indian Tech Industry's Talent Model
Indian and U.S. technology companies are urging the Trump administration to reconsider an executive order freezing access to many work visas, warning the move would undermine a business model used to supply high-skill talent to clients from Wall Street to Silicon Valley.
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Microsoft, Intel find takers at Wall Street as Internet shares break down
Intel, Oracle, Microsoft and Cisco have all rallied since the beginning of March even as stocks of many other tech companies have been crushed.
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Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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Facebook Parent Meta Plans Additional Layoffs in Coming Weeks: Report
Facebook parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13 percent job cut tally from last year, the Wall Street Journal reported on Friday. Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of ma...
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Big Tech firms, Wall Street Lead Job Cuts In Corporate America
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn.
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Biden Says Republicans, Democrats Should Unite Against Big Tech "Abuses"
U.S. President Joe Biden said in an opinion piece in the Wall Street Journal that Democrats and Republicans need to come together to pass strong bipartisan legislation in order to hold major tech companies accountable.
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Meta to Freeze Hiring to Cut Costs Following First Quarterly Revenue Drop, Plunging Profit: Report
Meta CEO Mark Zuckerberg has reportedly informed the company's employees during a weekly all-hands meeting that the company will freeze hiring to cut costs, amid rough economic conditions, according to a report by The Wall Street Journal that states the company wants to cut expenses by at least 10 percent. Back in July, Zuckerberg reportedly told e...
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US To Sanction Russian Firms Providing Tech To Moscow's Military: Report
The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services to Moscow's military and intelligence services, the Wall Street Journal reported on Friday.
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Google-Parent Alphabet Eyes $2-Trillion Value After Blowout Results
Google-parent Alphabet advanced nearer to joining peers Apple and Microsoft Corp in the elite $2-trillion (roughly Rs. 1,49,71,186 crore) market valuation club.
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Trump's H-1B Visa Freeze May Shake Up Indian Tech Industry's Talent Model
Indian and U.S. technology companies are urging the Trump administration to reconsider an executive order freezing access to many work visas, warning the move would undermine a business model used to supply high-skill talent to clients from Wall Street to Silicon Valley.
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Microsoft, Intel find takers at Wall Street as Internet shares break down
Intel, Oracle, Microsoft and Cisco have all rallied since the beginning of March even as stocks of many other tech companies have been crushed.
