PORTLAND (Reuters) – A small group of black teens with megaphones stood in front of federal court in downtown Portland around midnight Thursday in front of a largely white gang of protesters. A protester wearing a makeshift mask observes during a protest against racial inequality and police violence in Portland, …
Read More »Australia will make Facebook and Google pay for world news first
SYDNEY (Reuters) – Australia will force American tech giants Facebook Inc (FB.O) and Alphabet Inc (GOOGL.O) Google will pay Australian media for news content in a landmark move to protect independent journalism that will be seen around the world. FILE PHOTO: The Facebook symbol is seen on a motherboard in …
Read More »Facebook smashes revenue estimates amid pandemic, predicts ad growth
(Reuters) – Facebook Inc (FB.O) beat analyst estimates for quarterly revenue on Thursday as companies used their digital advertising tools to take advantage of a surge in online traffic during the coronavirus pandemic, even as they cut marketing budgets elsewhere. FILE PHOTO: A 3D printed Facebook logo seen on a …
Read More »Exclusive: ByteDance investors value TikTok at $ 50 billion in takeover bid – sources
NEW YORK / HONG KONG (Reuters) – Some investors in TikTok parent company ByteDance, seeking to take over the popular social media app, value it at around $ 50 billion, significantly more than its peers, like Snap. Inc (SNAP.N), according to people familiar with the matter. FILE PHOTO: Tik Tok …
Read More »UNITED STATES STOCKS: Wall St Stumbles As 3M Stimulus Talks Emerge, McDonald’s Disappoints
(For a live blog on the US stock market, click or type LIVE / in a news window) * Pfizer rose after raising the forecast for the full year * McDonald’s falls when global sales at the same store disappoint * 3M falls as quarterly earnings fail estimates * Downward …
Read More »