Tech’s longtime highfliers are growing up by getting smaller

Tech’s longtime highfliers are growing up by getting smaller

Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While … Read more

Carl Weathers, Apollo Creed from Rocky and Mandalorian star, dies at 76

Carl Weathers, Apollo Creed from Rocky and Mandalorian star, dies at 76

Carl Weathers, the actor best known as Apollo Creed in the Rocky movies, and more recently for his role in the hit Star Wars series The Mandalorian, died Thursday in his sleep, aged 76, according to his family. “We are deeply saddened to announce the passing of Carl Weathers,” the family statement said. “Carl was … Read more

$28 billion windfall after stock jumps

 billion windfall after stock jumps

Facebook CEO Mark Zuckerberg is seen after fencing in the “Metaverse” with an Olympic gold medal fencer during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released Oct. 28, 2021. Facebook | via Reuters Meta CEO and co-founder Mark Zuckerberg … Read more

Mark Zuckerberg says Meta will ‘keep things lean’ after Q4 earnings

Mark Zuckerberg says Meta will ‘keep things lean’ after Q4 earnings

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 Mark Zuckerberg is so pleased with his “year of efficiency” that he’s extending it indefinitely. On Thursday’s earnings call, after Meta reported fourth-quarter financials that … Read more

Meta is paying first-ever dividend, authorizes $50 billion buyback

Mark Zuckerberg says Meta will ‘keep things lean’ after Q4 earnings

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 Meta announced on Thursday that it will pay a quarterly dividend for the first time, and said it authorized an expanded $50 billion share buyback … Read more

Durbin compares Zuckerberg to tobacco execs after ‘outrageous’ statement

Durbin compares Zuckerberg to tobacco execs after ‘outrageous’ statement

Senate Judiciary Committee Chair Dick Durbin (D-Ill.) on Thursday compared Meta CEO Mark Zuckerberg to the nation’s largest tobacco companies’ executives, who testified before Congress in 1994 that they did not believe tobacco was addictive. In an interview on “CNN This Morning,” Durbin said Zuckerberg made an “outrageous statement” during the Wednesday hearing when he … Read more

Meta to report fourth-quarter earnings after the bell

Meta to report fourth-quarter earnings after the bell

Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024.  Evelyn Hockstein | Reuters Meta will report fourth-quarter earnings after the bell on Thursday. Here’s what analysts surveyed by LSEG, formerly Refinitiv, are expecting: Earnings: $4.96 per share Revenue: $39.18 billion … Read more

Taylor Swift songs removed from TikTok after UMG spat

Taylor Swift songs removed from TikTok after UMG spat

Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Songs from artists signed to Universal Music Group have started disappearing from TikTok after the two sides failed to agree a new deal over content licensing, sparking a public spat. Music by artists … Read more

TikTok to lose all songs by Taylor Swift, Drake, Olivia Rodrigo and more popular artists

TikTok to lose all songs by Taylor Swift, Drake, Olivia Rodrigo and more popular artists

The music of Taylor Swift, Drake, Olivia Rodrigo, and many others, will disappear from TikTok by the end of Wednesday unless the social media giant can agree on a deal with Universal Music Group. TikTok’s estimated 1.5 billion monthly users can enhance their videos with music from across the main record label catalogues, making it … Read more

‘Over Time the Trust Will Come’: An Exclusive Interview With TikTok’s CEO

‘Over Time the Trust Will Come’: An Exclusive Interview With TikTok’s CEO

TikTok has irreversibly bent our culture’s trajectory, but that doesn’t guarantee it’ll be around to reap the benefits. (India banned the app long ago, and it’s under growing scrutiny in a handful of other countries.) It has walked the political tightrope this far, but any bad PR could knock it off. Maybe that’s why TikTok’s … Read more