by By David Westenhaver | Oct 31, 2022
By David Westenhaver Facebook parent Meta Platforms Inc. reported skyrocketing expenses Wednesday as costly investments in the metaverse, artificial intelligence, servers, and data centers hurt the company’s bottom line. The social media company reported...
by David Westenhaver | Sep 19, 2022
By David Westenhaver Social media stocks have endured a bloodbath for much of the year, and their outlook remains worrisome, especially if a slowing U.S. economy cuts into ad revenue. Meta — the heavyweight champion of the social media industry thanks to Facebook and...
by K. Jared Wright | Dec 22, 2021
Live entertainment is back across the country, and people are reopening their wallets when WWE (NYSE: WWE) comes to town. The professional wrestling conglomerate expects strong demand for its live events and from merchandise sales at the venues where its events are...
by Olivia Morley | Nov 15, 2021
By Olivia Morley Pinterest Inc. said its monthly active users (MAUs) declined to pre-pandemic levels in the September quarter, but have been stable since then. The company said MAUs in the U.S. declined 10% in the September quarter to 89 million, down from 98 million...
by Alexandra White | Nov 13, 2021
By: Alexandra White Peloton thought virtual workouts were the next big thing for fitness consumers, but a dismal first-quarter earnings report revealed that it may have miscalculated that assumption. Shares of Peloton fell 35% the day after it reported earnings for...
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