Digital ads show signs of rebound as Meta, Amazon point to growth

Digital ads show signs of rebound as Meta, Amazon point to growth

Drew Angerer | Getty Images News | Getty Images A year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump. Speaking to analysts on the company’s fourth-quarter earnings call, Li said at the time that Facebook’s … Read more

Spend money to make money

Spend money to make money

Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Mandel Ngan | AFP | Getty Images It was a big week for tech earnings, with Microsoft, Meta, Alphabet, Amazon and Apple all reporting over the past few days. Artificial intelligence … 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

Discord cuts 17% of workforce, latest tech company to downsize in 2024

Discord cuts 17% of workforce, latest tech company to downsize in 2024

The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland, on April 3, 2021. Jaap Arriens | NurPhoto | Getty Images Discord will lay off 17% of the company’s workforce, which equates to 170 employees, a spokesperson confirmed Thursday. The company, which provides a popular messaging service used by gamers, … Read more

Meta’s stock wrapping up record year, spurred by cost cuts

Meta’s stock wrapping up record year, spurred by cost cuts

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Last year at this time, Meta was navigating a crisis of confidence that had pushed its stock price to its lowest since 2016. Sales were … Read more