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YouTube shrinking ad business is an ominous sign for online ad market

A YouTube logo seen at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. Lucy Nicholson | Reuters The online advertising market continues to suffer, as heavyweights Alphabet and Microsoft reported disappointing sales during their most recent quarters. YouTube advertising revenue dropped 2% …

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Crypto winter is hurting Google’s ad empire

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images Not even Google is immune from the Crypto winter. In Alphabet’s third-quarter earnings call on Tuesday, Philipp Schindler, Google’s …

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Apple glass supplier Corning warns smartphone sales down 14%

When heated to a high temperature and then cooled, new chemical composition can change the way glass behaves. For Gorilla Glass, Corning narrows down the number of compositions to a few dozen, does more melting, then picks two or three candidates to test. It can take one to three years …

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Alphabet (GOOGL) Q3 2022 earnings

Sundar Pichai speaks onstage during the first day of Vox Media’s 2022 Code Conference in Beverly Hills, California. Jerod Harris | Getty Images Entertainment | Getty Images Alphabet reports third-quarter earnings on Tuesday after the bell. Here’s what Wall Street is expecting. Earnings Per Share (EPS): $1.25, according to Refinitiv …

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Microsoft (MSFT) earnings Q1 2023

Microsoft CEO Satya Nadella gestures during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | AFP | Getty Images Microsoft will report fiscal first-quarter results after market close on Tuesday. Here’s what analysts are expecting: Earnings: $2.30 per share, adjusted, as …

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FTC seeks to hold Drizly CEO accountable for alleged security failures

The Drizly application on a smartphone. Tiffany Hagler-Geard | Bloomberg | Getty Images In a new proposed settlement, the Federal Trade Commission is seeking to hold a tech CEO accountable to specific security standards, even if he moves to a new company. The agency announced Monday that its four commissioners …

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Facebook, Google face skeptical Wall Street this week amid ad collapse

A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Wall Street is bracing for disaster in online advertising. Following disappointing results from …

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Elon Musk says a global recession could last until the spring of 2024

Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla founder and CEO Elon Musk thinks the global economic decline can last for another year and a half. In a Twitter exchange early Friday morning Eastern time, …

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Warby Parker, once online-only eyewear, sees hundreds of more stores

Warby Parker co-founders Neil Blumenthal (L) and Dave Gilboa. Source: Warby Parker In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. At its inception in February 2010, Warby Parker’s approach to business was simple: sell eyeglasses direct to consumers …

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Snap stock continues to plunge on disappointing Q3 revenue

Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Shares of Snap fell about 28% in premarket trading Friday morning after investors continued to digest the company’s third-quarter earnings report that was released Thursday night. The company posted an unexpected profit, but revenue missed estimates slightly, coming in at …

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