Facebook indicated that an advertising boycott has not significantly cut into sales, reporting quarterly results that also showed its resilience to a pandemic-related advertising downturn last quarter. The social network grew its revenue by 11% year-over-year in the second quarter to $18.7 billion, well above the more anemic 4% growth that Wall Street analysts expected. Daily users of the main...
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The Briefing Enterprise Markets
Twitter’s New CEO Gets Thumbs-Down From Wall Street
It seems Jack Dorsey’s abrupt departure as CEO of Twitter was welcome news to the company’s long-suffering shareholders—until it wasn’t. A 10% uplift in Twitter shares that was triggered by the initial headline evaporated shortly after Twitter identified his successor as Chief Technology Officer Parag Agrawal. Talk about going from the devil you know to the one you don’t! Twitter shares ended...
China’s Government Proposes Rules to Protect Ride-Hailing Drivers’ Rights
Hashicorp Sets Pricing Range Valuing it at $13.5 Billion
Clearlake Capital Group Acquiring Quest Software for $5.4 Billion
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