Facebook, who has rebranded its name to Meta, reported fourth quarter earnings this week that failed to impress Wall Street. The earnings came in below expectations and the company also warned that numerous challenges are ahead in the first quarter. Inflation, supply chain disruptions at advertisers and users shifting to products that “monetize at lower … Continue reading “Facebook Shares Collapse as Company Reports Weak Earnings and a Forecast Miss”
Company News
Sony Will Acquire Video Game Maker Bungie in $3.6B Deal
Wall Street learned this week that Sony Interactive Entertainment will be buying privately held video…
Home Depot Names Company Veteran Ted Decker as its New Chief Executive
Home Depot announced this week that COO Ted Decker will be stepping into the role…
Apple Sees Record iPhone Market Share in China in Q4
iPhone maker Apple hit a record 23% market share in China during the fourth quarter.…
Intel Delivers Better Than Expected Fourth Quarter Financial Report
Semiconductor chip manufacturer Intel reported its Q4 financial report this week and saw better than…
Microsoft Delivers Stellar Q2 Results Beating on Earnings and Revenue
Tech giant Microsoft reported its second quarter financial report this week and revealed that it…
Ford is Halting Orders for its Hybrid Pickup Maverick
It looks like so many people want Ford's new hybrid pick up that the company…
This Investing Billionaire Just Opened an Online Pharmacy
Mavericks owner and billionaire investor Mark Cuban has dived into the prescription drug game. Cuban…
Kohl’s Shares Surge as Retailer Gets Takeover Offers
Shares of department store chain Kohl's were soaring in Monday's trading session after Wall Street…
Chase and Instacart to Launch a Co-branded Credit Card
This week Chase and Instacart announced that the two companies are launching an Instacart co-branded…
Procter & Gamble Reveals Higher Prices Ahead for This Popular Laundry Product
This week Wall Street learned that Procter & Gamble is increasing its prices across its…
Get Ready for a Netflix Price Increase
Streaming giant Netflix announced that it is raising its subscriber prices ahead of its earnings…
Robinhood Just Offered Something Amazing to Many of its Employees
With Covid-19 still ongoing and the Omicron variant cases surging, stock trading app Robinhood has…
FedEx and Walmart Sign Deals with General Motors
Both Walmart and FedEx have signed deals with General Motors for thousands of new BrightDrop…
