Roku stock plummets toward worst drop on record after ‘frankly awful’ earnings

Shares of Roku Inc. were tumbling toward their worst drop on record Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter. “Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV … Read more

Facebook owner Meta makes antitrust commitments over online advertising

France’s anti-trust watchdog body said on Thursday that it had approved commitments made by Facebook owner Meta Platforms regarding the French online advertising sector. Meta has committed to giving access over a five-year period to advertising inventories and campaign data to so-called advertising technology companies on transparent, objective and predictable conditions, the French regulator said. … Read more

The wild, hair-raising ride of a 30-something investor who has battled NFT hackers and dodged the crypto crash: ‘My $25,000 ballooned to $63,000. I was like, “OMG, this is amazing.”’

Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and jumped into NFTs, or non-fungible tokens, last year.  “It was a learning curve for me,” he told MarketWatch. … Read more

Chevron, Micron and 18 More Stocks Goldman Recommends to Ride Out the Storm

Text size Qualcomm is one of the 20 stocks on Goldman Sachs’ ‘margin of safety’ list. Pau Barrena /AFP via Getty Images Exxon Mobil , Qualcomm , Micron and Chevron are just some of the 20 “margin of safety” stocks Goldman Sachs recommends as macroeconomic and geopolitical headwinds have roiled U.S. stocks markets. The Russian … Read more

FuboTV Stock Tanks After Lowering North America Forecast

Text size Dreamstime Shares of fuboTV were plummeting on Friday after the sports streaming service slashed its guidance for North America. For the full year, fuboTV (ticker: FUBO ) expects to generate between $1.02 billion to $1.03 billion in revenue in North America, with 1.465 million to 1.485 million subscribers. FuboTV previously had predicted that … Read more

Chinese giant reports slowest revenue growth ever

Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021 as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. However, the company posted a … Read more

Meta walks a fine line on Facebook, Instagram with calls for violence against Russia

Meta walks a fine line on Facebook, Instagram with calls for violence against Russia | Fortune You need to enable JavaScript to view this site.

Google’s Android privacy changes remain murky

Google’s Android privacy changes remain murky | Fortune You need to enable JavaScript to view this site.

ViacomCBS Is Changing Its Name. More Subscribers Joined, but at a Cost.

Text size ViacomCBS is changing its name to Paramount Global. Dreamstime ViacomCBS reported a very solid quarter of streaming-subscriber gains on Tuesday, but that growth didn’t come cheaply. The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter. Legacy TV and advertising businesses plugged … Read more

EVs dominated Super Bowl ads, but only 9% of passenger car sales

Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. Tingshu Wang | Reuters Six of the seven car brands who ran an ad during the Super Bowl featured electric vehicles, according to analysis published Monday by the online … Read more