Lawmakers letter to Meta CEO Mark Zuckerberg about illicit drug ads

Lawmakers letter to Meta CEO Mark Zuckerberg about illicit drug ads

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024.  Jason Henry | Bloomberg | Getty Images A bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter on Thursday expressing concern that … Read more

Cisco stock has best day since 2020 on earnings beat, 7% job cuts

Cisco stock has best day since 2020 on earnings beat, 7% job cuts

Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images Cisco shares jumped about 8% on Thursday and headed for their best day since March 2020, after the computer networking company said it’s cutting 7% of … Read more

Google live Gemini demo lifts pressure on Apple as AI hits smartphones

Google live Gemini demo lifts pressure on Apple as AI hits smartphones

During Google’s Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company’s new AI assistant, Gemini. Things got awkward right after the presenter told the audience, “all the demos today are live, by the way.” In front of a big crowd of … Read more

Reddit’s increased reliance on Google traffic has Wall Street anxious

Reddit’s increased reliance on Google traffic has Wall Street anxious

The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images For nearly a decade, Tom Wahlin’s popular travel gear site Pack Hacker ranked high in Google’s search results by publishing deeply researched product … Read more

Instagram not dealing with hate speech against women politicians: CCDH

Instagram not dealing with hate speech against women politicians: CCDH

Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate. The non-profit advocacy is analyzing large internet platforms to see if they’re properly monitoring their sites for hate speech. … Read more

Microsoft’s $13 billion artificial intelligence bet

Microsoft’s  billion artificial intelligence bet

OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk departed in 2018. At the time, OpenAI said Musk left to avoid a conflict … Read more

Ad group suspends GARM after of X, Elon Musk’s antitrust lawsuit

Ad group suspends GARM after of X, Elon Musk’s antitrust lawsuit

Elon Musk attends the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session during the Cannes Lions International Festival Of Creativity 2024 – Day Three in Cannes, France, on June 19, 2024. Marc Piasecki | Getty Images A global advertising group has suspended the operations of a unit focused on … Read more

Palantir jumps on Microsoft partnership to sell AI to U.S. defense

Palantir jumps on Microsoft partnership to sell AI to U.S. defense

Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024.  David Paul Morris | Bloomberg | Getty Images Palantir shares climbed about 6% on Thursday morning after the company announced a partnership … Read more

Reddit RDDT Q2 2024 earnings report

Reddit RDDT Q2 2024 earnings report

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Reddit reported second-quarter results on Tuesday that topped analysts’ estimates. Here’s how the company did compared to LSEG estimates: Loss per share: 6 cents vs. a … Read more

Snap shares plunge more than 20% on weak guidance

Snap shares plunge more than 20% on weak guidance

Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Snap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the third quarter that trailed analysts’ estimates. Here is how … Read more