Business
Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.
Feb 1, 2023
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5
Business
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees in the latest cost-cutting announcement among technology companies.
Jan 23, 2023
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Business
Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.
Jan 10, 2023
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Business
Shares of Tesla rose slightly in midday trading Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker's stock this week.
Dec 15, 2022
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Business
Tech and biotech companies have revealed plans recently for enough job cuts to erase more than 6,000 jobs in the Bay Area, cutbacks that could weigh on the region's economy in the weeks and months to come.
Nov 22, 2022
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Business
Elon Musk's decision to pull Twitter off the stock market allows him to make major changes quickly, but it also takes the company more heavily into debt, a risky choice for a money-losing business.
Nov 6, 2022
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Business
Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company data showed Thursday, as COVID-19 and US sanctions dragged down sales.
Oct 27, 2022
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Business
Shares in Chinese electric carmaker BYD plunged on Wednesday after its largest backer, Warren Buffett's Berkshire Hathaway, reduced its stake amid speculation of a potential exit.
Aug 31, 2022
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Business
Boeing said Wednesday it is close to receiving regulatory approval to resume 787 jet deliveries, a move that could help reverse lackluster profits, but warned that its production ramp-up for the 737 MAX would be slowed by ...
Jul 27, 2022
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Business
Alibaba, the world's biggest e-commerce company by sales, announced plans Tuesday to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors at a time when Beijing is pressing ...
Jul 26, 2022
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