Amazon’s advertising business grew 19%, while Google and Meta both deal with slowdowns
Although Amazon’s ads business constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it’s growing fast.
Amazon’s cloud business reports 20% growth in fourth quarter, missing estimates
Amazon Web Services is still growing faster than its parent company, but the unit is seeing a deceleration as businesses reel in spending.
Starbucks misses expectations as China Covid surge hurts international sales
In China, Starbucks’ second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
Qualcomm revenue falls 12%, guidance implies more pain this quarter
Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.
Ticketmaster braces for Beyoncé’s ‘Renaissance’ tour amid fears of Taylor Swift-level demand
Ticketing for the North American leg of Beyoncé’s “Renaissance” tour begins Feb. 6, said Ticketmaster, which is trying to avoid a Taylor Swift-style fiasco.
Amazon told lawmakers it wouldn’t build storm shelters in warehouses after fatal collapse
The e-retailer has faced questions from lawmakers who argue it didn’t do enough to protect workers from the storm.
Apple and Google should boot TikTok from their app stores, Democratic senator urges
Sen. Michael Bennet, D-Colo., urged the CEOs of Apple and Google to remove TikTok from their mobile app stores immediately in a letter Thursday.
Nancy Pelosi endorses Adam Schiff for Senate seat from California if Sen. Dianne Feinstein doesn’t run
Pelosi’s endorsement comes one week after Schiff launched his bid for Feinstein’s coveted Senate seat.
Hunter Biden asks for criminal probe into Trump allies for ‘theft’ of data from laptop
The letters from Biden’s lawyers asking investigators for probes into Rudy Giuliani and others is a dramatic shift in strategy for the president’s son.
Meta’s ‘Year of Efficiency’ was everything Wall Street needed to hear from Zuckerberg
Meta shares rallied after the company reported better-than-expected revenue and told investors that it’s getting more efficient.
