Meta, X, TikTok, Snap and Discord confront Congress eager for tighter social media regulation

Meta, X, TikTok, Snap and Discord confront Congress eager for tighter social media regulation

(L-R) Shou Zi Chew, CEO of TikTok, Linda Yaccarino, CEO of X, and Mark Zuckerberg, CEO of Meta testify before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Alex Wong | Getty Images “We could regulate you out of business if we wanted to,” a frustrated … Read more

Qualcomm (QCOM) earnings report Q1 2024

Qualcomm (QCOM) earnings report Q1 2024

Cristiano Amon, CEO of Qualcomm, responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024.  Steve Marcus | Reuters Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts’ estimates as sales of handset chips jumped 16% from a year … Read more

Meta’s continued rally could hinge on fortunes of Temu and Shein

Meta’s continued rally could hinge on fortunes of Temu and Shein

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.  Shu Zhang | Reuters Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online retailer Temu when he opens … Read more

Meta chief Mark Zuckerberg criticized over child sex targeting on site

Meta chief Mark Zuckerberg criticized over child sex targeting on site

New Mexico Attorney General Raúl Torrez discusses the nexus of public safety, mental health and adverse child experiences during a news conference following a summit in Albuquerque, N.M., Friday, Nov. 3, 2023. Susan Montoya Bryan | AP New Mexico’s attorney general slammed Meta and its CEO Mark Zuckerberg on Wednesday for failing to protect children … Read more

Inside the secret parties of the elite world

Inside the secret parties of the elite world

Countries and companies rent out storefronts on the Promenade in Davos, Switzerland during the World Economic Forum CNBC DAVOS, Switzerland — For as long as countries and companies have rented out chalets and storefronts on the Promenade of the small Swiss ski village that hosts the World Economic Forum, ancillary programming hosted beyond the reaches … Read more

CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety

CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety

Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face a grilling on Wednesday from lawmakers concerned about child exploitation and … Read more

Tech earnings not impressing Wall Street

Tech earnings not impressing Wall Street

The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What … Read more

We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock

We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock

Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. While there was some weakness in the key advertising parts of Google’s business, there was also a lot to like, despite the stock decline. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. … Read more

Tech earnings not good enough for Wall Street

Tech earnings not good enough for Wall Street

A trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more

Wall Street punishes Alphabet and Microsoft despite earnings beats

Wall Street punishes Alphabet and Microsoft despite earnings beats

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Results were good, but not good enough. That’s Wall Street’s reaction to quarterly results on Tuesday from Alphabet and Microsoft. … Read more