Alphabet earnings: What to expect from the Google parent company

Alphabet Inc. investors are probably breathing a little easier ahead of the company’s Thursday afternoon earnings report, all thanks to Facebook. There was some anxiety about the state of digital advertising heading into this earnings season, and Snap Inc. SNAP, -10.29% didn’t help matters by delivering a gloomy forecast Tuesday. But Facebook parent Meta Platforms … Read more

Meta’s ‘meteoric’ shift could power stock to its best day since 2013

Meta Platforms Inc. changed its narrative in a big way this week, and that’s resonating on Wall Street. Three months ago, Chief Executive Mark Zuckerberg and his leadership team sounded fairly defiant as they laid out big spending plans despite economic angst, an attitude that helped send shares toward one of their worst days on … Read more

U.S. stock futures point to further gains as Meta results, Powell press conference provide cheer

U.S. stock futures were pointing to a stronger start Thursday, buoyed by upbeat results from Facebook parent Meta Platforms as well as the after-glow from Federal Reserve Chair Jerome Powell’s press conference. What’s happening Dow Jones Industrial Average futures YM00, -0.16% fell 45 points, or 0.1%, to 34103. S&P 500 futures ES00, +0.48% gained 20 … Read more

Pinterest reportedly lays off about 150 workers

Pinterest Inc. reportedly laid off about 150 workers Wednesday, becoming the latest tech company to cut jobs amid economic worries. Bloomberg News reported the cuts affect less than 5% of Pinterest’s workforce, and came across multiple teams. “We’re making organizational changes to further set us up to deliver against our company priorities and our long-term … Read more

Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street

For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more

Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears

Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion … Read more

Meta wins bid to buy VR startup Within Unlimited, beating U.S. FTC in court: report

A California judge on Wednesday denied the Federal Trade Commission’s bid for a preliminary injunction to block Meta Platforms Inc.’s proposed acquisition of VR startup Within Unlimited. The sealed decision from federal judge Edward Davila of San Jose, Calif., does not preclude the agency from pursuing a separate case to block the deal, according to … Read more

Snap ‘is between a lot of hard rocks,’ but Facebook and Google may be safer investments, analysts say

Are Snap Inc.’s problems of its own making or reflective of broader challenges in the digital-advertising space? With Snap shares SNAP, +4.24% down 15% in premarket trading Wednesday after another disappointing earnings report, that’s the key question yet again—especially as rivals Meta Platforms Inc. META, +1.30% and Alphabet Inc. GOOG, +1.96% GOOGL, +1.96% prepare to … Read more

Snap stock has lost the one thing it had going for it

Snap Inc.’s life as a high-growth young tech stock is over, and its rivals are about to show how much of that change is about Snapchat. “From our recent conversations with our partners, it seems like advertising demand hasn’t really improved, but it hasn’t gotten significantly worse either,” Snap co-founder and Chief Executive Evan Spiegel … Read more

EU warns Elon Musk that Twitter must improve to comply with upcoming regulations

BRUSSELS — A top European Union official told Elon Musk on Tuesday that Twitter Inc. will have to do more over the coming months to prepare for the bloc’s new social-media regulations. Thierry Breton, the EU’s commissioner for the internal market, told Musk during a video call that there were only a few months left before major … Read more