China’s internet regulator said it has ordered video app Kuaishou, Alibaba, Tencent, Sina’s Weibo microblog and social e-commerce app Xiaohongshu to remove obscene content related to minors. The Cyberspace Administration of China said in a statement on its website Wednesday that it interviewed the representatives of those internet companies regarding “implicit pornography” content on their...
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The Briefing Markets Economy
Snap Sends Shiver Through Ad Stocks
Uh oh. Snap’s warning this afternoon that its second-quarter revenue and profits will be below what it projected just a few weeks ago, thanks to a faster than expected deterioration in macroeconomic conditions, is an ominous signal for the ad market. Snap had outperformed many of its digital ad peers, most obviously Meta Platform, Twitter and Pinterest, in revenue growth in recent quarters. If...
Zoom Shares Jump After Strong Earnings Report, Forecast
Klarna to Cut 10% of Global Workforce
Mark Zuckerberg Sued by D.C. Attorney General Over Cambridge Analytica Scandal
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