AT&T has cancelled plans to buy back $4 billion of stock in the second quarter, so it can “maintain flexibility” during the coronavirus pandemic. The news sent the telecom stock falling 4.7%, even as the overall market rose. That stock reaction is a reversal of the situation over hte past few weeks, when AT&T stock had outperformed the market. As of Wednesday, AT&T shares were down...
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Musk’s Twitter Has Just 180,000 U.S. Subscribers, Two Months After Launch
Around 180,000 people in the U.S. were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January, or less than 0.2% of monthly active users, according to a document viewed by The Information. The tiny number signals the challenge Elon Musk faces in turning the subscription product into a major source of revenue. The U.S. number is about 62% of Twitter’s global...
Pinterest’s Profit Plunges as Expenses Soar
Vox Media Raises $100 Million from Penske
Binance to Suspend U.S. Dollar Bank Transfers
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