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An improving economy and a stubborn virus are beginning to weigh on Amazon’s retail business, even as its cloud computing business grew and an investment boosted profits. The company, whose profits, workforce and share price rose two years ago as Covid forced people to stay home, said Thursday its operating income fell to $3.5 billion […]
Shares of Spotify plunged 13% in after-hours trading Wednesday after the streamer reported fourth-quarter earnings. The numbers mostly beat expectations, but projections for user growth in Q1 were barely in line with analysts’ projections. There was also a broader selloff in tech shares after the bell, after Facebook (Meta) reported disappointing earnings. Here are the […]
For years, Meta has tried to become less dependent on Apple, which holds the key to iPhone users, and to shift away from social networking controversies involving misinformation and hate speech. So in October, Mr. Zuckerberg announced that he planned for his company to take a new path toward the metaverse. He renamed Facebook as […]
