Tag Archives: technology
Bumble forecasts weak fourth-quarter revenue, shares fall
(Reuters) - Bumble forecast fourth-quarter revenue below Wall Street estimates on Tuesday in a sign that sticky inflation and growing competition were weighing on user spending on its dating apps, sen...
Nov 07, 2023
EBay forecasts fourth-quarter results below estimates on weak consumer spending
(Reuters) -E-commerce platform eBay forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday as rising competition from the likes of Amazon amplify the hit from softer consume...
Nov 07, 2023
IAC narrowly beats Wall Street third-quarter revenue estimates
(Reuters) - Internet holding company IAC beat Wall Street third-quarter revenue estimates on Tuesday, as the owner of publisher Dotdash Meredith saw traffic growth return for core brands. IAC owns Dot...
Nov 07, 2023
EU digital chief urges TikTok, X to increase clean-up efforts
BRUSSELS (Reuters) - Video sharing app TikTok and social media platform X both need to step up their efforts to counter illegal hate speech, European Commission Vice President Vera Jourova said after ...
Nov 07, 2023
Former Meta employee tells Senate company failed to protect teens’ safety
By Katie Paul NEW YORK (Reuters) - A former Meta employee is testifying before a U.S. Senate subcommittee on Tuesday, alleging that the Facebook and Instagram parent company was aware of harassment an...
Nov 07, 2023
US consumer watchdog proposes rules for Big Tech payments, digital wallets
WASHINGTON (Reuters) - The top U.S. consumer financial watchdog on Tuesday proposed to regulate tech giants' digital payments and smartphone wallet services, saying they rival traditional payment meth...
Nov 07, 2023
Rebate software startup Enable valued at $1 billion after latest capital raise
By Krystal Hu (Reuters) - Enable, a startup that sells rebate software to trading partners, has raised $120 million in a latest funding round that valued it at $1 billion, the company said on Tuesday....
Nov 07, 2023
Nissan to invest $575 million in Brazil plant by 2025
RIO DE JANEIRO (Reuters) - Japanese carmaker Nissan will invest 2.8 billion reais ($575.22 million) between 2023 and 2025 in its Resende plant in Brazil to produce two new SUV models, global CEO Makot...
Nov 07, 2023
Coinbase strengthens its global advisory council
(Reuters) - Coinbase said on Tuesday it had added four national security experts to its global advisory council as the cryptocurrency industry comes under intense regulatory scrutiny following the col...
Nov 07, 2023
Emerson Electric misses estimates for fourth-quarter sales, profit
(Reuters) - U.S. industrial conglomerate Emerson Electric Co on Tuesday reported fourth-quarter sales and profit below Wall Street estimates, hit by supply chain disruptions. Shares of the company wer...
Nov 07, 2023
