Shares of Meta Platforms Inc. META, +1.88% advanced 1.88% to $170.25 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.09% rising 0.09% to 32,832.54 and the NASDAQ Composite Index COMP, -0.10% falling 0.10% to 12,644.46. Meta Platforms Inc. closed $214.08 short … Read more
The judge who will decide whether Elon Musk should have to buy Twitter Inc. has a record of quickly deciding urgent cases over imperiled corporate deals and has ordered buyers to close deals they wanted to ditch. Chancellor Kathaleen McCormick, a 42-year-old who loves Notre Dame football and co-founded a charter school that her children … Read more
Shares of Snap Inc. SNAP, -0.68% sank 0.68% to $10.18 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.23% rising 0.23% to 32,803.47 and the NASDAQ Composite Index COMP, -0.50% falling 0.50% to 12,657.55. This was the stock’s second consecutive day … Read more
Elon Musk accused Twitter of fraud, saying the company misrepresented the condition of its business and key metrics about the users on its platform before he agreed in April to acquire the company for $44 billion. Mr. Musk said in a countersuit made public Thursday that he decided to terminate the merger agreement after learning … Read more
Corporate bond investors appeared pretty bullish on the metaverse Thursday, or at least about digital advertising. Meta Platforms Inc. META, +1.05%, the parent of Facebook, on Thursday saw roughly $30 billion in demand for its debut $10 billion, four-part US corporate bond deal, according to a person with knowledge of the dealings and Informa Global … Read more
DOVER, Del. — Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday. Attorneys for Musk wanted to file a public version of their answer and counterclaims in … Read more
Pinterest new Chief Executive Bill Ready said he was going to emphasize profitability as he puts his imprint on the company as the weakened digital-advertising market has dented sales growth for the social-media platform and its peers. “I do not subscribe to a growth-at-all-costs mentality,” Mr. Ready said on a call with analysts, adding he … Read more
Shares of Meta Platforms Inc. META, +0.52% inched 0.52% higher to $159.93 Monday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index COMP, -0.18% falling 0.18% to 12,368.98 and Dow Jones Industrial Average DJIA, -0.14% falling 0.14% to 32,798.40. The stock’s rise snapped a two-day … Read more
List two articles (2 minutes) Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down. The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022. Shares of Amazon.com Inc. and the parents of Google and Facebook … Read more
After super charged, double-digital growth during the pandemic, the results from the five biggest US tech giants this week showed a slowdown as they grapple with inflation, looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because their size shows their strength. During the last week, all of Big … Read more