(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: Arizona leads multi-state investigation into older iPhones slowing down and shutting down
FILE PHOTO: A man takes photos of iPhones at Apple’s new flagship store on its opening day after an outbreak of coronavirus disease (COVID-19) at Sanlitun in Beijing, China, July 17, 2020. REUTERS / Thomas Peter / File Photo SAN FRANCISCO (Reuters) – Arizona is leading a state investigation across …
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 »South Korea launches Tesla vehicle security probe
FILE PHOTO: Tesla EVs are parked in Hanam, South Korea, on July 6, 2020. REUTERS / Kim Hong-Ji SEOUL (Reuters) – South Korea said it is investigating possible security problems with vehicles manufactured by US automaker Tesla Inc (TSLA.O), which competes heavily with Hyundai Motor Co (005380.KS) in the South …
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 …
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