Tag: tools
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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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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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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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Cathie Wood’s ARK funds dump millions more in Tesla and Coinbase stocks
[ad_1] Funds associated with Cathie Wood’s ARK Investment continued to cull shares of Coinbase Global Inc. and Tesla Inc. on Monday, according to recent trade disclosures. The ARK Fintech Innovation ETF ARKF, +1.58% dumped 76,788 Coinbase shares COIN, +0.23% on the day, while the ARK Innovation ETF ARKK, +2.29% sold 127,266 and the ARK Next…
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Meta Platforms vs. Alphabet: Which big tech stock is a better buy?
[ad_1] Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh a financial decision. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns by emailing our columnist at [email protected]. Elon Musk and Mark Zuckerberg…
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Musk says Twitter is cash-flow negative as advertising falls and competition from Threads grows
[ad_1] Twitter owner Elon Musk said Saturday that advertising revenue has dropped 50% just as competition between the microblogging platform and emerging rival Threads intensifies. Musk also said Twitter still has a negative cash flow because of its heavy debt load. The social-media site will “need to reach positive cash flow before we have the…
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AI will ‘fundamentally change’ Google search, Meta advertising: analyst
[ad_1] Technology company earnings reporting season once again will be colored by AI, particularly Alphabet Inc.’s Google and Facebook parent Meta Platforms Inc., when it kicks off next week. Netflix Inc. NFLX, +0.51% unofficially starts the earnings onslaught on Wednesday. Google GOOGL, +4.57% is scheduled to report fiscal second-quarter results on July 25, followed by…
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Twitter employees spotted on Threads: ‘Here’s to a new world!’
[ad_1] This news could needle Elon Musk: It seems his employees are joining the millions flocking to rival Meta’s buzzworthy new app — which looks a lot like Twitter. Meta PlatformsInc. META, +3.02% recently launched its new Threads social media platform, and has reportedly amassed 107 million users in just its first week, which would…