Category Archives: (KFGO The Mighty 790) Technology
Social media stocks slump as Twitter, Snap warn of dire ad spending
(Reuters) - Shares of social media firms fell sharply on Friday as Twitter Inc joined the Snapchat owner in signaling a cutback in digital ad spend as economic growth sputters. Pinterest Inc plunged 7...
Jul 22, 2022
Twitter blames Musk, weak ad market for drop in revenue
(Reuters) -Twitter Inc on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue. The re...
Jul 22, 2022
Reliance Jio reports 24% rise in quarterly profit
BENGALURU (Reuters) - Reliance Jio, the telecom arm of Mukesh Ambani-led conglomerate Reliance Industries, reported a 24% rise in quarterly net profit on Friday, as it added more subscribers. The comp...
Jul 22, 2022
Russian-backed separatists in Ukraine block Google search engine
(Reuters) - Russian-backed separatists in a breakaway region of eastern Ukraine have blocked access to the search engine Google, their leader said on Friday, citing what he calls "disinformation". In ...
Jul 22, 2022
China will require online ride hailing firms to submit real-time data
BEIJING (Reuters) - China's transport ministry said on Friday that it will require online ride hailing firms to submit real-time data, the latest measure regulatory authorities have taken to strengthe...
Jul 22, 2022
Despite Didi’s $1.2 billion fine, China tech’s regulatory woes may not be over
By Josh Ye, Eduardo Baptista and Yingzhi Yang HONG KONG/BEIJING (Reuters) - China's $1.2 billion fine on Didi Global draws a line under the ride hailing company's regulatory woes, but the retroactive ...
Jul 22, 2022
Northvolt and Stora Enso to develop batteries from forestry byproduct
HELSINKI (Reuters) - Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin, the companies said on Friday. A par...
Jul 22, 2022
Tietoevry mulls spin-off of banking unit
(Reuters) - Finnish IT services provider Tietoevry said on Friday it had started a strategic review of its banking business, which could result in the separation and listing of the unit. The business,...
Jul 22, 2022
Snap’s report incinerates $80 billion in ad industry market cap
By Noel Randewich (Reuters) - Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap...
Jul 21, 2022
Snap misses revenue targets as growing competition slows growth, shares fall
By Sheila Dang (Reuters) -Snap Inc missed second-quarter revenue targets on Thursday as record-high inflation and increasing competition from rival apps like TikTok hurt advertising demand, but it rep...
Jul 21, 2022
Fri Aug 14
Green Bay, WI, USA
79°FFeels Like: 78°F
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