Tag: Media/Entertainment
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Meta’s stock jumps after AI, ad momentum drive earnings, revenue jump
[ad_1] Facebook parent Meta Platforms Inc. is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock was up more than 7% in after-hours trading Wednesday. Meta META, +1.39% reported fiscal second-quarter net income of $7.79 billion, or $2.98 a share, compared with net income of $6.7 billion,…
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Netflix attacked for posting AI jobs that pay $900K while writers, actors strike
[ad_1] Among the many reasons why Hollywood actors have joined screenwriters in a historic industry-stopping strike are calls for better pay, plus greater protections against the rise of artificial intelligence in developing scripts or using artist’s likenesses in movie and TV productions. So it shouldn’t come as a surprise that Netflix NFLX, -1.18% is catching…
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Sales forecast sinks Snap stock, and execs say more investments are likely ahead to improve platform
[ad_1] Like other social-media platforms, Snap has struggled with a slowdown in the digital ad market. AFP/Getty Images Shares of Snap Inc. slid in after-hours trade Tuesday after the social-media platform forecast third-quarter sales that were below expectations, amid concerns about a wobbly digital advertising backdrop and the company’s spending push to improve the way…
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Alphabet stock jumps on earnings while Microsoft shares dip
[ad_1] Here are some of the biggest movers of the day: Stock gainers: Shares of PacWest Bancorp PACW, -27.04% rocketed 37% as the Banc of California BANC, +11.17% confirmed plans to buy the troubled regional lender. [ad_2] Source link
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PacWest stock rockets 30% after Banc of California confirms plan to buy troubled bank
[ad_1] PacWest Bancorp’s stock jumped more than 30% in after-hours trading Tuesday after the company said it had agreed to be acquired by Banc of California Inc. in an all-stock merger backed by two private-equity firms. The merger comes as PacWest looks to put a rocky period behind it. Under the terms of the merger…
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Will a tweet really now be called an X, and will that fly with users?
[ad_1] As Elon Musk rebrands Twitter into a company simply known as X, he seems intent on changing the vernacular as well for the site’s fundamental feature. Asked overnight what tweets would be called in the world of X, Musk responded perhaps the way one would expect given the suddenness of this branding overhaul. X…
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Twitter’s new branding as ‘X’ is a smart move, say these marketing pros
[ad_1] You’ll find no shortage of people weighing in on Twitter’s overnight rebranding to X, with many predicting that it will be a disastrous move. The common thread among the naysayers: Twitter has a strong identity, replete with its readily identifiable bird logo, and to give up that brand recognition is simply foolhardy. But a…
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With Microsoft, Meta and Alphabet earnings hanging on AI, more investors are asking: ‘How are you going to pay for that?’
[ad_1] Shares of big tech companies have coasted through this year on AI euphoria, but as Microsoft Corp., Alphabet Inc. and Meta Platforms Inc. prepare to report results this week, some investors are starting to ask how much those AI advancements might actually cost. Those questions have surfaced after several months during simply saying “AI”…
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‘Barbie’ and ‘Oppenheimer’ set for big opening weekend amid ‘Barbenheimer’ buzz
[ad_1] Two of the year’s most eagerly anticipated movies hit theaters Friday, as “Barbie” and “Oppenheimer” kick off what is expected to be a big box-office weekend. The two movies have even sparked an internet phenomenon dubbed “Barbenheimer,” with people planning to watch both films on the same day. On Friday, AMC Entertainment Holdings…
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Why Women’s World Cup players must capitalize on money-making opportunities now
[ad_1] The United States Women’s National Team — aka USWNT — is by far the most successful women’s soccer team in the world, having won four World Cups. But they can’t rest on their laurels. That’s because there isn’t a robust infrastructure for women’s soccer leagues throughout the world, and most high-level female players don’t…