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Social media apps like Facebook ‘are doing great harm’, says Project Liberty founder
06/02/2024

Social media apps like Facebook ‘are doing great harm’, says Project Liberty founder

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Snap to lay off 10% of global workforce, around 500 employees
06/02/2024

Snap to lay off 10% of global workforce, around 500 employees

The Snapchat owner said it will cut 10% of its staff, the latest round of big tech layoffs even as stocks soar.

Amazon announces AI shopping assistant called Rufus
02/02/2024

Amazon announces AI shopping assistant called Rufus

Amazon is rolling out an assistant that uses generative artificial intelligence to help users search and shop for products.

Mark Zuckerberg says Meta will ‘keep things lean,’ going big in AI with a lid on hiring
02/02/2024

Mark Zuckerberg says Meta will ‘keep things lean,’ going big in AI with a lid on hiring

Meta CEO Mark Zuckerberg has no plans for his company to ramp up hiring, but says he's spending heavily on computing infrastructure and the metaverse.

Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch
02/02/2024

Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch

Meta's Reality Labs has now lost more than $40 billion dating back to late 2020.

Comcast shares rise on earnings beat, better than expected broadband performance
30/01/2024

Comcast shares rise on earnings beat, better than expected broadband performance

Comcast beat earnings estimates and raised its dividend by 7% as broadband subscribers fell less than analysts expected.

Paramount CEO announces layoffs as cost pressures, take-private talks build
30/01/2024

Paramount CEO announces layoffs as cost pressures, take-private talks build

Paramount Global announced layoffs, as the company tries to cut costs while it faces acquisition interest.

Amazon’s Ring will stop allowing police to request doorbell video footage from users
25/01/2024

Amazon’s Ring will stop allowing police to request doorbell video footage from users

Ring plans to discontinue its "Request for Assistance" tool, which allowed law enforcement to submit requests for users' footage in the Neighbors app.

WWE deal doesn’t mean Netflix will invest more in sports, co-CEO says
25/01/2024

WWE deal doesn’t mean Netflix will invest more in sports, co-CEO says

Netflix co-CEO Ted Sarandos clarified that WWE is "sports entertainment" and not live sports.

Amazon’s latest layoffs hit its Buy with Prime unit
19/01/2024

Amazon’s latest layoffs hit its Buy with Prime unit

Since the new year began, Amazon has laid off employees in its Prime Video, MGM Studios, Twitch and Audible divisions.

Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
19/01/2024

Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips

Meta appears poised to spend billions of dollars by the end of this year on Nvidia's popular computer chips that are widely used for AI projects

Meta was our second-best stock performer last year. Here’s what we see in store for 2024
16/01/2024

Meta was our second-best stock performer last year. Here’s what we see in store for 2024

Savvy use of AI and untapped potential in business messaging are reasons why we see more upside ahead for Meta.

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