Alibaba reported better-than-expected revenue and profit in the quarter through June, citing solid growth in its e-commerce and cloud-computing businesses amid China’s recovery from the coronavirus pandemic. Alibaba’s revenue for the quarter rose 34% while operating profit rose 42%. Net profit more than doubled, mainly because the value of publicly traded stocks owned by Alibaba jumped when the...
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Netflix Tells Advertisers Sign-Ups to Ad Tier Doubled in January
Netflix is making progress in its plunge into advertising—slowly. The streaming firm told advertisers in the past 10 days that new sign-ups for the tier with ads had doubled in January over December, a sign that low-cost offering was catching on with subscribers, ad executives say. Netflix didn’t tell advertisers how many sign-ups that amounted to. But last fall, when it was first...
Intel Cuts Salaries Amid Grim Outlook
AMD Forecasts Sales Slowdown Due to Weak PC Demand
Snap Warns Revenue Could Fall 10% This Quarter
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