Instagram might be having a midlife crisis. Symptoms include constantly comparing itself to others and dramatic changes in behavior and appearance. If only it could buy itself a shiny new sports car. When Mark Zuckerberg’s Facebook FB 1.83% —now Meta Platforms FB 1.83% —bought Instagram in 2012, it was certainly a rising star. And with […]
Chinese consumers on Friday gave an ovation to Tesla Inc., TSLA -0.58% a new seller of karaoke microphones for singing in cars. The Austin, Texas, company ran out of the TeslaMic less than an hour after it started offering the wireless product for $188 a pair on its official Chinese website. The microphones work with […]
Shopify Inc. SHOP 10.55% denied that it is liable for alleged copyright and trademark infringement by online sellers using its platform, responding to a lawsuit filed by textbook publishers. A group of five educational publishers, including Pearson Education Inc. and McGraw Hill LLC, sued Shopify in December. Their suit claims the e-commerce company is liable […]
Elon Musk is betting that he can turn Tesla Inc. TSLA 9.92% into one of the world’s largest car makers while selling just a handful of models, challenging a long-held auto-industry belief that it takes a diverse stable of updated models to attract buyers. It is another example of Mr. Musk’s defiance of industry orthodoxy—at […]
Shares of Robinhood Markets Inc. HOOD 9.65% swung wildly Friday, one day after the brokerage reported a loss of $423 million for the fourth quarter. The company’s stock price fell 14% at the start of the session, dropping below $10 during intraday trading for the first time, before turning positive. The stock finished up about […]
SoftBank Group Corp. said Chief Operating Officer Marcelo Claure, who helped clean up problems at the firm’s investments including WeWork Inc. and Sprint Corp., is leaving the company after a dispute over billions of dollars in pay. Mr. Claure’s departure, announced by the company, comes after he sought as much as $2 billion in compensation […]
Apple Inc.’s AAPL 6.98% latest record holiday quarter came in part because of excitement for the iPhone 13 in China, where homegrown Huawei Technologies Co. has seen a decline in its market share following U.S. sanctions. Greater China revenue rose 21% to a record $25.8 billion during the quarter ending in December, the Cupertino, Calif., […]
SiriusXM, a unit of Liberty Media Corp. , announced the return of “Neil Young Radio,” a satellite and streamed channel featuring Mr. Young introducing his songs and telling stories. Sirius XM Holdings Inc. SIRI 0.98% reached out to Mr. Young’s camp Wednesday, according to a person close to the company, as the public standoff was […]
Meta Platforms Inc. said Monday that its research team built a new artificial intelligence supercomputer that the company maintains will soon be the fastest in the world. The supercomputer, the AI Research SuperCluster, was the result of nearly two years of work, often conducted remotely during the height of the pandemic, and led by the […]
Facebook says it’s helping millions of the world’s poorest people get online through apps and services that allow them to use internet data free. Internal company documents show that many of these people end up being charged in amounts that collectively add up to an estimated millions of dollars a month. To attract new users, […]
