Text size Pinterest said Monday that the company was growing revenue despite a difficult environment for advertising. Justin Sullivan/Getty Images Pinterest stock was surging in extended trading Monda...
Tag: social media platforms
Individual Investors Ramp Up Bets on Tech Stocks
Listen to article (2 minutes) Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down. The Nasdaq Composite Index—home to the big tech...
Opinion: Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain
After super charged, double-digital growth during the pandemic, the results from the five biggest U.S. tech giants this week showed a slowdown as they grapple with inflation, looming recession and an ...
Elon Musk Files Response and Counterclaims to Twitter Lawsuit Over $44 Billion Deal
Updated July 29, 2022 6:29 pm ET Listen to article (1 minute) Elon Musk formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platf...
Twitter v. Musk: Why the Court of Chancery Will Never Order Specific Performance.
Text size A court could compel Tesla chief executive Elon Musk to purchase Twitter, but could it compel him to operate it in the best interest of shareholders? Al Drago/Bloomberg About the author: Car...
Hedge Funds Aren’t Buying Big Tech. Secular Growth Stocks Are Hot Now.
Text size Hedge funds have a net short position in Apple stock, according to Jefferies. Nicholas Kamm / AFP via Getty Images Some of the big-money investment funds on Wall Street have been moving out ...
Facebook Parent Meta Poised to Report First-Ever Revenue Drop
Facebook parent Meta Platforms is expected to post its biggest drop in daily users and its first decline in revenue as the company struggles to adjust to macroeconomic forces and growing competition f...
Big Tech earnings are about to determine the direction of the market
Just five companies control nearly a quarter of the S&P 500 index’s market cap, and they will all report earnings this week that could determine the direction of the market for weeks or months to ...
These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect it to soar 21% over the next 12 month...
Apple, Visa, Microsoft, Exxon Mobil, Chipotle, and Other Stocks for Investors to Watch This Week
It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve’s policy committe...
Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private
Tesla is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s 2018 tweets suggesting he had funding to take the company private. In a court fi...
Opinion: As Snap melts down, its founders make sure to protect the people who matter: themselves
Snap Inc. has never been an investor-friendly company — as long as those investors weren’t its founders, at least — and the parent company of the Snapchat app made that even clearer Thursday. Amid a m...
Snap Plans to Split Its Stock. There’s a Big Caveat.
Text size Snap co-founders Bobby Murphy (left) and Evan Spiegel (center) at the Snap IPO in 2017. Drew Angerer/Getty Images Snap intends to split its stock—if it can more than triple in price. The Sna...
Snap’s Earnings Are Thursday. Here’s What to Expect.
Text size In May, Snap lowered financial forecasts it had issued in April. Dreamstime When Snap reports its second-quarter results, investors will be watching closely to see how badly the weakening ec...
Elon Musk Opposes Twitter’s Request for Expedited Trial Over Stalled Deal
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Twitter Faces Renewed Questions on Path Ahead as Elon Musk Tries to Abandon Deal
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Twitter Didn’t Seek a Sale. Now Elon Musk Doesn’t Want to Buy. Cue Strange Legal Drama.
Elon Musk’s showdown with Twitter has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover history—a spurned acquisition target that never sought to be b...
Elon Musk Bails on Twitter: What It Means for the Stock
Text size Tesla CEO Elon Musk filed to end his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Images Tesla CEO Elon Musk’s move to terminate his $44 billion deal to purchase T...
What Happened to the Twitter-Elon Musk Deal?
Elon Musk said he is seeking to terminate his $44 billion deal to buy Twitter nearly two months after saying the deal was “on hold” over his questions about the number of spam and fake accounts on the...
Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
Text size Elon Musk announced he his ending his deal to buy Twitter, but the social media company said it plans to enforce the agreement. Jim Watson/AFP via Getty Images If Elon Musk succeeds in endin...
Opinion: It is time for Twitter to get as much of Elon Musk’s money as a court will allow
The mercurial Elon Musk finally made it official Friday: He declared in a regulatory filing that he no longer wants to go through with his $44 billion deal to buy Twitter Inc., a deal that the market ...
Elon Musk terminates deal to buy Twitter, and Twitter’s chairman promises a legal fight
Elon Musk is backing out of his agreement to buy Twitter Inc., and Twitter’s chairman has already promised a legal fight. In a letter sent to Twitter’s TWTR, -5.10% chief legal officer on Friday, the ...
Mark Zuckerberg issues dire economic warning to Meta employees
Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. employees: The company faces one of the “worst downturns that we’ve seen in recent history” that will necessitate a scaling back in...
Google, Snapchat and 24 Other Tech Companies Get Lower Estimates by J.P. Morgan
Text size Google’s advertising should hold up relatively better than others, according to the analysts. Angela Weiss /AFP via Getty Images As consumer spending slows, fuel costs rise, and chance...
SpaceX employees say Elon Musk’s behavior is a ‘distraction and embarrassment’: report
A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive...
Why IBM is one of few tech giants that are actually gaining through the selloff
International Business Machines Corp., unlike many other tech giants, has been able to buck the sector’s selloff in recent months. Shares of IBM IBM, -0.79% are up 1.60% year-to-date, compared to 12.5...
Meta Scrutinizing Sheryl Sandberg’s Use of Facebook Resources Over Several Years
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Facebook Changed Name, Now Changing Ticker. What It Means for the Stock.
Text size Meta Platforms follows a number of high-profile companies that changed their ticker symbols. Fabrice Coffrini/AFP via Getty Images Meta Platforms , formerly known as Facebook , is taking the...
Weekend reads: If you agree that inflation has peaked, buy stocks in this sector
If everyone agreed about the direction of the economy, investing would be easy. But there are mixed signals about whether the rate of inflation has peaked, at least in the U.S. If you are among those ...
Google’s Owner Paid $296,000 to a Typical Worker. Here’s What Other Firms Pay
With a booming economy and a tight job market, median pay rose last year for most S&P 500 companies, according to a Wall Street Journal analysis. Google parent Alphabet and Facebook Meta Platforms...
Opinion: With Sheryl Sandberg gone from Facebook, Wall Street should fear its future
When Sheryl Sandberg first joined Facebook in 2008, she was often referred to as the “adult in the room” that could help co-founder and Chief Executive Mark Zuckerberg, then just 24 years old, turn it...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...