Salesforce reported a drop in profit and a 22% rise in revenue for the second quarter, defying its own prediction that it would lose money in the period because of accounting charges related to buying one of its subsidiaries. The company raised is full-year revenue guidance, suggesting it is not seeing signs of weakness in enterprise software even though recession worries are getting more...
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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...
Rent the Runway Restructures Debt
iRobot Share Price Slides Amid Scrutiny of Amazon Buyout
Spotify Reports Sharply Higher Operating Loss
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Trump’s Meta Return; Massage Therapists, Matthew McConaughey and Elon Musk
So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.