Comcast beats estimates despite slowing broadband growth, higher Peacock losses
Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.
CNBC Technology
Major Facebook ad glitch has advertisers asking about refunds
The glitch caused many companies to fund Facebook ad campaigns that were essentially ineffective.
Meta shares are up 170% in five months despite virtually no revenue growth
Revenue at Facebook's parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring.
Fintech giants Klarna and Block slam 'outdated' UK buy now, pay later regulation proposals
Executives at two of the world's biggest buy now, pay later firms say that the U.K. regulation plans will result in disproportionate friction for consumers.
SEC's Gensler says 'the law is clear' for crypto exchanges and that they must comply with regulators
SEC Chairman Gary Gensler wrote in a post on Thursday that crypto exchanges "must come into compliance, register with us, and deal with conflicts of interest."
Dropbox to lay off 500 employees, or about 16% of its workforce
Dropbox is laying off 500 employees, or about 16% of its workforce, the company said.
The UK blocked Microsoft's Activision deal. Here's what it means for U.S. regulators
While having another major regulator also find competition issues in the deal may be encouraging for the FTC, the road ahead is still not straightforward.
Musk met with Schumer and other lawmakers to discuss A.I. regulation
The meeting comes after Schumer recently launched an effort to develop a new framework to foster the technology while mitigating its biggest risks.
Samsung's profit plunged 95% to its lowest level since 2009 as chip demand slumps
Samsung's profit plunged in the first quarter of 2023 as prices for memory chips continued to fall and demand remained weak.
A U.S. tech downturn offers India 'a bigger opportunity,' says Infosys founder
Narayana Murthy, founder of India's IT giant Infosys, sees a downturn in the U.S. or other developed nations as an opportunity for India.
SK Hynix, one of the biggest memory chipmakers, reports record quarterly loss as prices slump
South Korean chipmaker SK Hynix has reported a record operating loss of 3.4 trillion won, but expects a rebound in the second half of the year.
Chinese retailers helped lift Meta's first-quarter sales in a tough online advertising market
Meta's first-quarter earnings jumped 3% year over year due in part by Chinese retailers buying Facebook ads.
Meta shares pop 12% after company reports first sales increase in four quarters, issues optimistic guidance
Facebook parent Meta reported revenue for the first quarter that topped estimates and issued a forecast for the second quarter that also exceeded expectations.
Meta's Reality Labs records $3.99 billion quarterly loss as Zuckerberg pumps more cash into metaverse
Meta CEO Mark Zuckerberg keeps pumping money into the metaverse.
Bitcoin reverses lower after briefly topping $30,000 again
Bitcoin jumped as much as about 8% on Wednesday as First Republic woes reignited concerns over the health of U.S. banks.
Amazon axes Halo fitness wearable in latest cost-cutting move
Amazon unveiled the health-tracking bracelet in 2020, marking its first foray into wearable devices and a deeper move into the health care space.
Bipartisan bill would require parental consent for minors to use social media
The bill also would create a pilot program for a new, age-verification credential that could be used to enroll on social media platforms.
Amazon starts layoffs in HR and cloud units: Read the memos announcing the cuts
Amazon on Wednesday began laying off some employees in its cloud computing and human resources divisions.
No prison yet for Elizabeth Holmes following last-ditch appeal
Theranos founder Elizabeth Holmes has appealed a judge's ruling that she report to prison on Thursday.
Britain blocks Microsoft's $69 billion acquisition of Activision Blizzard
Britain's top competition regulator on Wednesday moved to block Microsoft's acquisition of video game publisher Activision Blizzard.
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