By Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an economic downturn. The e-commerce giant on Thursday reported net sales of $121.2 billion for the quarter ended June 30, a 7% increase from the same quarter last year and higher
Continue ReadingBy Rishi Iyengar, CNN Business For close to two decades, Apple and China have been inextricably linked. The world’s most populous country not only accounts for the bulk of Apple’s device manufacturing but also a significant portion of its sales. This year, however, several cracks have started to appear in an otherwise mutually beneficial relationship.
Continue ReadingBy Clare Duffy, CNN Business Facebook is in decline. Meta, Facebook’s parent company, reported revenue of $28.8 billion for the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012. The company’s profit fell far more sharply. Net income during the quarter
Continue ReadingBy Clare Duffy, Rachel Metz and Brian Fung, CNN The Federal Trade Commission on Wednesday moved to block Facebook-parent Meta from acquiring virtual reality company Within, offering the clearest signal yet that the agency could take a tougher stance on Silicon Valley deals involving newer technologies. In a complaint filed Wednesday in federal court, the
Continue ReadingBy Catherine Thorbecke, CNN Business TikTok on Wednesday said it would share more data with certain researchers to study activity on the platform amid renewed scrutiny of the short-form video app’s impact on society and its ties to Beijing. Later this year, the company will provide “selected researchers” with access to its API, or application
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BEND, Ore. (KTVZ) – The Hayden Homes Amphitheater is celebrating a full summer of music with its Summer’s Live promotion that offers four concert tickets for $80 – taxes and fees included – to more than a dozen shows. The promotion runs today through Aug. 9, while tickets last. Artists participating in this year’s Summer’s Live
Continue ReadingBy Clare Duffy, CNN Business Twitter has set a date for its shareholders to vote to approve its $44 billion acquisition deal by Elon Musk, despite the company’s ongoing legal battle with the billionaire Tesla CEO over the deal. The company on Tuesday sent shareholders a letter saying it would hold a virtual special meeting
Continue ReadingBy Clare Duffy, CNN Business Online advertising companies have been warning of a slowdown in ad demand amid high inflation and recession fears, and despite its size, Google has been no exception. Sales from Google’s core advertising business hit $56 billion during the three months ended June 30, the company reported Tuesday. That marks an
Continue ReadingBy Rishi Iyengar, CNN Business Microsoft’s business is taking a hit from events on the other side of the world. The tech giant on Tuesday attributed lower-than-expected earnings to developments in China and Russia, including the former’s extended Covid lockdowns and the latter’s war against Ukraine. Microsoft recorded $51.9 billion in revenue and $16.7 billion
Continue ReadingBy Clare Duffy and Jennifer Korn, CNN Business Tati Bruening was once the textbook example of an Instagram user. Since the pandemic, she has been building her career as a photographer on the platform and attracted hundreds of thousands of followers in the process. But recently, her relationship with Instagram started to change. On Monday,
Continue ReadingBy Brian Fung, CNN Facebook-parent Meta is weighing whether to relax its policies against Covid-19 misinformation, proposing a shift from removing false claims to simply labeling or demoting them. The social media giant on Tuesday asked its independent Oversight Board for an opinion on whether its tougher pandemic policies are still warranted, citing higher vaccination
Continue ReadingBy Catherine Thorbecke, CNN Business Shopify will lay off approximately 10% of its global staff after making the “wrong” bet on how long the pandemic-fueled surge in online shopping would continue, the CEO of the Canadian e-commerce company announced Tuesday. The cuts span divisions including recruiting, support and sales, according to CEO Tobi Lutke in
Continue ReadingBy Ramishah Maruf, CNN Google has fired the engineer who claimed an unreleased AI system had become sentient, the company confirmed, saying he violated employment and data security policies. Blake Lemoine, a software engineer for Google, claimed that a conversation technology called LaMDA had reached a level of consciousness after exchanging thousands of messages with
Continue ReadingBy Sara Ashley O’Brien, CNN Business In early March, after two ultra-fast delivery startups shut down in New York City in a single week, a self-proclaimed pioneer in the space appeared to see an opportunity for some media attention. Getir, a Turkish startup founded in 2015, had recently raised $768 million in funding valuing it
Continue ReadingBy Brian Fung, CNN T-Mobile has agreed to pay $350 million to settle multiple class-action suits stemming from a data breach disclosed last year affecting tens of millions of people. In the proposed settlement announced Friday, T-Mobile also agreed to spend an extra $150 million on cybersecurity through the end of 2023. Court documents outlining
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Also will hold masterclass with young piano students; public invited to observe UNRIVER, Ore. (KTVZ) — The historic Sunriver Resort Great Hall sets the stage for two groundbreaking performances next month featuring Ukrainian Dmytro Choni, one of the best young pianists in the world. Choni, a brand new medalist of the Cliburn International Piano Competition,
Continue ReadingBy Jennifer Korn, CNN Business For years, the most popular internet browsers have included options to search for and visit websites in “private” modes. Those options may now be viewed as vital tools for some in the wake of Roe v. Wade’s demise, as abortion-seekers look to avoid having their personal data used against them
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Clyde is a 9-week-old kitten who was found all alone. With the help of a foster home, he’s found that human attention is just what he craves! And he’s waiting for yours at the Humane Society of Central Oregon.
Continue ReadingBy Rachel Metz and Rishi Iyengar, CNN Business This week, two of the most passionate communities online — gamers and cat lovers — collided with the release of a new video game that lets you play as an adorable orange tabby cat. “Stray“, created by indie French game company BlueTwelve Studio and published by Annapurna
Continue ReadingCNN By Rachel Metz and Rishi Iyengar, CNN Business This week, two of the most passionate communities online — gamers and cat lovers — collided with the release of a new video game that lets you play as an adorable orange tabby cat. “Stray“, created by indie French game company BlueTwelve Studio and published by
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