Business

Facebook ad business hit by new Apple privacy rules

Facebook said Wednesday that Apple's iPhone privacy changes, which allow users to block tracking, significantly affected its advertising revenues because less data could be collected.

Business

Facebook profits top $10B as its CEO exalts the 'metaverse'

Concerns about a revenue growth slowdown pushed Facebook's shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising ...

Business

Upbeat quarterly update lifts Twitter shares

Twitter on Thursday posted better-than-expected results for the recently ended quarter with gains in revenue, profit and its user base, sparking a rally in shares for the messaging platform.

Internet

Latin American newspapers bet on digital subscriptions

Facing a major slump in printed newspaper sales and advertising revenue, Latin America's press is fighting for survival—and increasingly betting on paid digital subscriptions as readers turn to the internet.

Business

NY Times sees record gain in digital subscriptions

The New York Times saw a record gain in digital subscriptions in the past quarter and doubled its online readership in March even as the pandemic cut into its advertising revenues.

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