Facebook’s grim forecast: privacy push will erode profits for years
Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins …read more Source: Reuters Tech News
Uncategorized
Chip giant SK Hynix says second-quarter profit rose 83 percent on year
South Korea’s SK Hynix Inc on Thursday said second-quarter operating profit rose 83 percent from a year earlier, beating …read more Source: Reuters Tech News
Qualcomm investors cheer end of NXP deal doomed by China-U.S. tensions
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its $44 …read more Source: Reuters Tech News
YouTube removes videos from conspiracy theorist Alex Jones: Infowars website
YouTube has removed four videos by conspiracy theorist Alex Jones, his website Infowars said on Wednesday, after the radio host …read more Source: Reuters Tech News
PayPal quarterly profit beats estimates; forecast falls short
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ estimates, but its forecast for third-quarter revenue …read more Source: Reuters Tech News
Smart bots: China’s sex doll makers jump on AI drive
Amid Beijing’s push to turn the country into an artificial intelligence (AI) powerhouse and embed the technology in all facets …read more Source: Reuters Tech News
AMD second-quarter revenue, profit boosted by EPYC, Ryzen sales
Advanced Micro Devices Inc beat estimates for quarterly profit and revenue on Wednesday, as a rare surge in demand …read more Source: Reuters Tech News
Facebook stock falls 24 percent on forecast for slowing growth, rising expenses
Facebook Inc’s stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy …read more Source: Reuters Tech News
Facebook forecast for slowing growth, rising expenses sends stock down 22 percent
Facebook Inc on Wednesday warned revenue growth would slow in the second half of the year and said that expenses …read more Source: Reuters Tech News
Qualcomm walks away from NXP deal as China-U.S. trade tensions grow
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its bid …read more Source: Reuters Tech News