Chegg sues Google, saying AI Overviews hurt its traffic and revenue, as it mulls strategic options, including an acquisition; CHGG drops 30%+
Chegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt …
Alibaba reports Q2 revenue up 9% YoY to ~$31B, beating ~$30.9B est., a ~$3.8B net income, up from a ~$3B loss in Q2 2022, and calls off its cloud spinoff
- The decision marks a dramatic reversal on a signature move — Alibaba's historic six-way restructuring is now in doubt
Meta confirms the combined monthly user base for Horizon Worlds and Venues has grown to 300,000 people, up 10x since launching in December
That's a 10x increase in about three months. But can the growth continue? — Facebook has bet its future on virtual reality and the metaverse …
Sources: China plans rule changes requiring Chinese companies to seek approval to list overseas, even if the unit selling shares is incorporated outside China
- Securities regulator working to change overseas listing rules — Change would require VIE firms to get nod to list offshore
eMarketer: US advertisers will spend $11.36B on streaming TV commercials on services like Hulu, Pluto TV, and Peacock in 2021, up from $8.11B in 2020
eMarketer: US advertisers will spend $11.36B on streaming TV commercials on services like Hulu, Pluto TV, and Peacock in 2021, up from $8.11B in 2020
Gerry Smith / Bloomberg : Tweets: @deg_online , @bw , @davemorgannyc , and @bluff_capital See also Mediagazer Tweets: DEG / @deg_online : “Media is a vehicle to get advertisers to...
Sources describe stories of young, inexperienced investors on Robinhood engaging in riskier trades at far higher volumes than customers of other brokerages
Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms … Tweets: @fintechfrank , @gunjanjs , @stevekopack ,...
Streaming services are gambling big on old shows, like AT&T's $1B for Big Bang Theory and Netflix's $500M for Seinfeld, with no way to know their actual worth
without any ads to defray the cost.” $DIS $NFLX https://www.washingtonpost.com/ ...