On-demand food ordering and delivery company Waitr on Thursday reported net income of $10.7 million in the second quarter, marking its first profitable quarter since going public in 2018. It’s a turnaround for the company, which reported a loss of $24.9 million in the second quarter of 2019. And it’s a good sign for companies like privately held DoorDash, which still need to convince some...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok? It’s a delicate topic inside Meta. After three years of work on Reels—a feature on Instagram and Facebook that shows...
iRobot Share Price Slides Amid Scrutiny of Amazon Buyout
Spotify Reports Sharply Higher Operating Loss
TikTok CEO To Testify Before Congress
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