Business

Amazon reports rare quarterly loss as online shopping slows

Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.

Business

Shares of Facebook parent Meta soar despite growth slowdown

Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours ...

Business

Can Musk deliver on his vision for Twitter? Questions remain

Tesla CEO Elon Musk stands to be the next owner of Twitter, having pledged roughly $44 billion to buy the social platform and take it private. Assuming that happens, next up on his agenda will be planning how to fulfill ...

Business

Reports: Musk's bid to buy and privatize Twitter heats up

Elon Musk's bid to buy Twitter is gaining steam and could be announced as early as Monday, according to media reports about the social media company's late-stage negotiations with the Tesla CEO, who has offered more than ...

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