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Salesforce Reports Lower Profit, Higher Revenue for Second Quarter

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
Illustration by Josh Brill
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...
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CEO Maju Kuruvilla. Photo: Getty Images
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Bolt CEO Cuts Staff a Third Time as Revenue Lags
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Photo via Shutterstock.
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Jonathan Kanter, assistant attorney general of antitrust for the US Department of Justice, speaks during a news conference on January 24. Photo by Bloomberg.
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Photo by Getty Images
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Left photo by Getty Images. Right photo by Bloomberg.
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Trump’s Meta Return; Massage Therapists, Matthew McConaughey and Elon Musk
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Jack Conte. Photo: Bloomberg
Creator Economy
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