Tag: Internet/Online Services

Dow’s 400-point rally puts it on track for best day in 2 months as investors await Fed decision

U.S. stock benchmarks on Wednesday rose sharply, with investors fixated on the outcome of the Federal Reserve meeting, which concludes later in the session as...

Toast IPO: 5 things to know about the restaurant-focused payments player

A previous version of this report incorrectly referred to Toast’s volume numbers instead of its revenue. It has been corrected. Toast Inc. could be rolling...

European stocks push back toward record highs; aluminum producers surge after coup

European stocks jumped out of the gates on Monday, tracking gains out of Asia as investors took the view that weaker-than-expected U.S. jobs data last...

Here’s the chart that shows what’s about to happen in the jobs market

The payrolls report about to be released Friday could show total employment is back to within 5 million jobs of where it stood before the...

DoorDash and Grubhub sued by city of Chicago, which alleges deceptive fees and predatory practices

The city of Chicago filed a wide-ranging lawsuit against DoorDash Inc. and Grubhub Inc. on Friday, accusing the meal-delivery platforms of engaging in deceptive and...

Zoom Video earnings: Expectations may be coming back to earth

As Zoom Video Communications Inc. faces its first earnings report comparing results to a full-blown pandemic quarter, investors are looking more to the future. Since hitting...

Facebook and others doing ‘not nearly enough’ to stop COVID misinformation, surgeon general says

U.S. Surgeon General Dr. Vivek Murthy again criticized the role of social media in spreading COVID-19 misinformation Sunday, a day after Facebook Inc. quietly released...

Judge shoots down law that kept Uber and Lyft drivers from being employees

A judge late Friday shot down a law that would have allowed app-based companies to continue treating drivers as contractors instead of employees in California,...

Apple’s hot antitrust autumn: Storm clouds are forming from multiple directions

A decision in a landmark antitrust legal case could come by the end of the month, but that is far from the only concern bearing...

Opinion: The metaverse — a merging of realities — is being built out this decade so you can live in it

Facebook, according to a July 28 earnings call, plans to “transition from the social network to a metaverse company.” Let’s start with a definition for...

SoFi stock falls after its first earnings report, as profit outlook comes up short

SoFi Technologies Inc. doubled revenue in its latest quarter, but issued an earnings outlook for the current period that came up lighter than what analysts...

Booking stock gains after CEO says European travel rebounded, return to pre-pandemic performance is approaching

Booking Holdings Inc. exceeded $2 billion in quarterly sales for the first time since the beginning of the pandemic in a Wednesday earnings report, but...

Square posts upbeat profits while also announcing $29 billion deal for Afterpay

Square Inc.’s surprise release of its quarterly earnings report Sunday was its second-biggest news of the night, behind the announcement that it plans to purchase...

Here’s what’s coming to Netflix in August 2021 — and what’s leaving

Netflix Inc. has another month packed with new offerings this August, but the two biggest additions ended their critically acclaimed runs almost a decade ago....

Alibaba stock has taken a hit from China crackdown, but its earnings could be a different story

Alibaba Group Holding Ltd. will be looking to focus attention back onto its business Tuesday following a rough stretch for the broader Chinese internet sector....

PayPal stock slips as earnings beat expectations but outlook comes up short

PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay’s transition to managing...

The main attractions arrive: Apple, Microsoft, Google, Facebook, Amazon and Tesla headline the biggest week of earnings

The coming week will be the most important of this quarter’s earnings season — even if later weeks beat it on quantity, it will be...

Uber showed drivers lower fares than passengers, blames California law it supported

Uber Technologies Inc. acknowledged Friday it had been showing drivers lower fares than what riders actually paid and promised to change the practice, which it...

You know who doesn’t hate Facebook? Wall Street

Excuse us if you’ve heard this song before: Facebook Inc. — under siege from the president and his predecessor, the Federal Trade Commission, a bestselling...

How to watch the Tokyo Olympics for (mostly) free

It’s been delayed a year, will have almost no fans in attendance and there’s a 13-hour time difference with the U.S. East Coast, but the...

Feds seize sites posing as Walmart web pages to sell phony COVID-19 cures

The U.S. Department of Justice has seized two internet domains that had allegedly been set up to look like Walmart WMT, -0.49% web pages selling...

Uber and Lyft drivers strike, seek passage of PRO Act

Ride-hailing drivers across the country executed a strike Wednesday, calling on the U.S. Senate to pass the PRO Act, a bill that would allow them...

Netflix lays out mobile games plan that could set a collision course with Apple

Netflix Inc.’s its expansion into videogames offers a tantalizing upside for the streaming pioneer, but also sets up a potential confrontation with Apple Inc. “We...

Facebook refutes White House criticism over vaccine misinformation, decries ‘finger pointing’

After coming under fire from President Joe Biden and the U.S. surgeon general, who both said last week that misinformation on social media is killing...

Here’s what’s coming to Hulu in August 2021, and what’s leaving

Hulu is loaded for August, with some big names, highly anticipated originals and new seasons of fan favorites on the way. The biggest of the...