Disney reaches deal with Third Point, will add former Meta exec to its board

Disney reaches deal with Third Point, will add former Meta exec to its board

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby-Jones | Bloomberg | Getty Images Disney has reached a deal with activist investor Dan Loeb’s Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said on … Read more

Facebook and Instagram users can now easily switch between accounts

Facebook and Instagram users can now easily switch between accounts

In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Raphael Henrique | lightrocket | Getty Images Meta said Monday it’s testing new features intended to help people easily manage their Facebook and Instagram accounts through one interface. The move underscores Meta’s attempt to consolidate … Read more

Tech stocks notch worst two-week stretch since the start of pandemic

Tech stocks notch worst two-week stretch since the start of pandemic

What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the previous week. That marks the worst two-week stretch for the tech-heavy index since it plunged more than 20% in March 2020 at the start of the Covid-19 pandemic in … Read more

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on … Read more

Fitness apps will contribute to the metaverse soon

Fitness apps will contribute to the metaverse soon

Whether you’re strapping in for a Peloton ride or buying up virtual real estate, Mark Zuckerberg says you’ve joined the metaverse. On an August episode of the Joe Rogan Experience podcast, the Meta CEO said the evolution of virtual reality will unfold similarly to computers and cell phones: Gamers are the first to explore new … Read more

5 things to know before the stock market opens Wednesday, September 21

5 things to know before the stock market opens Wednesday, September 21

Trader on the floor of the NYSE, Sept. 20, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Decision day Investors are bracing for the Federal Reserve’s rate announcement Wednesday. A three-quarter-point increase in the benchmark rate is baked in, but markets are seeking more … Read more

Meta shares plunged 14% this week, falling close to their pandemic low

Meta shares plunged 14% this week, falling close to their pandemic low

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Facebook hasn’t been this cheap since the beginning of the pandemic. After plunging 14% for the week to close at $146.29, shares of Facebook parent Meta are at their lowest point since March … Read more

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable US companies

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable US companies

Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest US companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the beginning of August. Meta, … Read more

JPMorgan picks stocks to benefit if the metaverse takes off in China

JPMorgan picks stocks to benefit if the metaverse takes off in China

Some parts of China have officially promoted metaverse development plans. Pictured here is a metaverse exhibition area at an annual services trade expo in Beijing on Sept. 1, 2022. ChinaNews Service | ChinaNews Service | Getty Images BEIJING — When it comes to futuristic concepts like the metaverse, JPMorgan analysts think they’ve found a strategy … Read more

Apple is gaining on Facebook and Google in online ads after iOS change

Apple is gaining on Facebook and Google in online ads after iOS change

A leader of the US Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty ImagesNews | Getty Images The Google-Facebook online ad duopoly may … Read more