Posted: June 30, 2020 at 12:10 PM ET Netflix said Tuesday it would allocate 2 percent of its cash holdings to support black communities. Bloomberg News / Landov Netflix Inc. announced an effort Tuesday to increase economic opportunities for black communities by allocating money to banks and other institutions that …
Read More »Amazon brand value rises above $ 400 billion as TikTok enters global brand 100 for the first time
TikTok has entered the ranking of the 100 Most Valuable Global Brands for the first time, as people spend more time online during the pandemic browsing joyful and entertaining user-generated content, according to a new report. Tech giants dominated the list once again, with Amazon AMZN, + 0.34% maintaining first …
Read More »Micron shows how the cloud is saving chip makers
Memory chip maker Micron Technology Inc. was saved by a boom in data centers, adding to the growth of chip makers as the pandemic forces more companies to expand their cloud computing capabilities. . On Monday, Micron MU, + 1.35% reported better than expected fiscal gains in the second quarter …
Read More »Here’s the impact on revenue Facebook will take when Diageo and Starbucks join the list of companies pulling ads from the platform.
Facebook shares fell in pre-market trading on Monday, after Diageo and Starbucks became the latest companies to stop advertising on social media platforms for ineffective surveillance of hate speech. Shares of the social networking company FB, -2.48%, which operates Instagram and WhatsApp, in addition to its eponymous platform, fell more …
Read More »Apple Says More With Their Silent Actions Than On The Main Stage Of WWDC
While under scrutiny from European regulators for its practices on the App Store and Apple Pay, Apple Inc. made a slight change on Monday that could be a sign that it is poised to relax some of its long-standing strict rules. At its global virtual developer conference on Monday, Apple …
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