Apple, TikTok-hit Meta reports 1st ever quarterly revenue drop

Apple, TikTok-hit Meta reports 1st ever quarterly revenue drop

Stiff competition from TikTok and Apple Inc's privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc. in the near term, Wall Street analysts said.

At least 10 brokerages cut their price targets on Meta after the company reported its first-ever quarterly...


Google opens door for Android apps

Google search ads beat targets despite global ‘uncertainty’

Google search ads lifted parent Alphabet Inc close to Wall Street sales expectations on Tuesday, sending shares up on relief that the world's biggest seller of online advertising may withstand a global recession better than smaller rivals. A trio of Alphabet executives sounded caution on a call with investment analysts, using "uncertain" or "...


Spotify introduces new Apple Watch app

Spotify beats expectations, shuts down Car Thing

Spotify reported second-quarter revenue above analysts' estimates on Wednesday helped by a 14 percent jump in paying subscribers, and forecast an upbeat current quarter although it will stop production of its dashboard accessory, Car Thing.
The company's shares ...


Instagram to put ads in user search results

Instagram to become more video-focused over time

Meta-owned platform's head Adam Mosseri shared a video explaining the recent changes to the platform and said it will become more video-focused over time. On the microblogging site Twitter, Mosseri shared a video and mentioned that "there is a lot happening on Instagram right now". "I wanted to address a few things we are working on to mak...


Guest Column: As telcos ready 5G services, DPOs need to protect themselves

Telcos’ aggressive bidding takes 5G spectrum sale to 3rd day

India’s first 5G auction on Wednesday received bids worth Rs 1.49 lakh crore on day two, as aggressive bidding across bands by players like Reliance Jio and Bharti Airtel pushed the sale over to the third day. As many as five rounds of bidding were conducted for the 5G spectrum, capable of offering lag-free connectivity and ultra-high-speed i...