Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more
Photo: NIKOLAY DOYCHINOV/AFP (Getty Images) In the summer of 2022, 18-year-old Aditya Verma was boarding a flight to Spain at London’s Gatwick Airport when he sent a message to his friend on Snapchat: “On my way to blow up the plane (I’m a member of the Taliban).” As you might expect, the message was a … Read more
A disturbing cyberattack on Discord reportedly sent some University of California, Irvine students to the hospital on Wednesday, according to a CBS News report. Hackers infiltrated student Discord servers and bombarded them with graphic images that reportedly traumatized students, causing them to cry, vomit, and even require medical assistance. “There were some things on there … Read more
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
Linda Yaccarino, CEO, X/Twitter speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. Jerod Harris | Getty Images Entertainment | Getty Images Lawmakers said Monday that they have issued subpoenas to the CEOs of X, Snap and Discord to compel the executives to … Read more
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: Earnings per share: 33 cents, adjusted vs. 29 cents expected … Read more
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Snap has conducted a round of layoffs as part of a reorganization intended … Read more
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Spencer Platt | Getty Images Pinterest reported third-quarter earnings on Monday that beat on the top and bottom lines. The stock jumped more than 11% in extended … Read more
The ‘Rhapsody of the Seas’ cruise liner carrying US citizens leaves the Israeli port of Haifa to be evacuated to the Mediterranean island of Cyprus on October 16, 2023, amid the ongoing battles between Israel and the Palestinian Islamist group Hamas. Aris Messinis | AFP | Getty Images Some of the world’s most well-known companies … Read more
Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts’ estimates. The stock climbed in extended trading. Here are the results: Earnings per share: 94 cents vs. 58 cents expected by LSEG, formerly known as Refinitiv.Revenue: $143.1 billion vs. $141.4 billion expected by LSEG. Investors are also following these segment numbers: Amazon Web … Read more