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Business

“Facebook’s Monopoly Is Imploding Before Our Eyes”

“For years, the definition of success for many tech employees has been getting a job at a FAANG company (Facebook, Amazon, Apple, Netflix, Google). Amazon, Apple, Microsoft, Facebook, and Google, meanwhile, are often the five major companies people think of… Continue Reading…

Stocks

“Meta shares surge 15% after Facebook parent beats earnings estimates”

“Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by analysts. However, revenue came in at $27.91 billion, lower than estimates.… Continue Reading…

Stocks

“Facebook shares plummet 25% after reporting weak guidance”

“Shares of Facebook parent Meta were down more than 25% Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. It also said it’s taking a big hit from Apple’s privacy changes, and showed the first quarterly decline in daily active users… Continue Reading…

Economy

“Gas crisis, labor shortages and supply chain chaos… Britain faces a difficult winter”

“…A perfect storm of labor shortages, skyrocketing natural gas prices and global supply chain constraints have put the country in prime position for a difficult winter. Rising demand as economies reopen has created similar problems all over the world, but economists… Continue Reading…

Stocks

“Stocks making the biggest moves midday: Nomura, ViacomCBS, Boeing and more”

“Boeing – Shares of the aircraft maker gained more than 2%, becoming the biggest outperformer in the Dow Jones Industrial Average in midday trading. The advance came after news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet.… Continue Reading…

Stocks

“2 “Strong Buy” FAANG Stocks to Watch Heading Into Earnings”

“Facebook (FB)… Overall, the social media empire remains a Wall Street darling, as TipRanks analytics showcasing FB as a Strong Buy. This is based on 34 recent reviews, which break down to 30 Buy ratings, 3 Holds, and 1 Sell. Shares… Continue Reading…

Business

“Verizon is pulling its advertising from Facebook”

“Telecom giant Verizon said Thursday it is pulling its advertising from Facebook, in what may be the biggest brand yet to join the #StopHateForProfit boycott. “We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable… Continue Reading…

Business, Stocks

“5 powerful tech companies now make up 18% of the stock market…”

“We are here to say that yes, there is life outside of investing in Apple, Microsoft, Amazon, Google and Facebook. Unfortunately, most investors don’t agree — and it could end badly for them at some point. Those five powerful tech… Continue Reading…

Business

“Facebook and Google Are No Longer Among the 10 Best Places to Work, According to Glassdoor”

“Here’s some news that Facebook is not going to “like.” The social media giant has lost its coveted status as the best place to work, and its competitor Google isn’t doing much better, according to Glassdoor’s annual ranking of the Best… Continue Reading…

Business, Economy, Real Estate

“Apple Commits $2.5 Billion to Ease California Housing Crunch”

“Apple on Monday announced a $2.5 billion plan to help address the housing crisis in California, becoming the latest tech giant in the state to address a problem that it helped cause… Apple joins other Big Tech companies based in… Continue Reading…