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Meta, Amazon Beat Expectations With Stellar Results

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.

International Business Times

With Outburst, Musk Puts X's Survival In The Balance

Elon Musk's verbal assault on advertisers who have shunned X (formerly Twitter) threatens to sink the social network further, with the tycoon warning of the platform's demise, just one year after taking control.

International Business Times

Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline

One year ago, billionaire Elon Musk walked into Twitter’s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X

The Independent UK

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TikTok launches shopping feature for users in US

The company said Tuesday its shopping wing, called TikTok Shop, will include several features, such as a “Shop Tab,” a marketplace it’s been testing on the app since August.

Chicago Sun-Times

Criminal gangs might be selling your identity to fraudsters. Here’s how and how to protect yourself.

They use sham bank accounts and online marketplaces to create “drop accounts” to steal from almost anyone — and some banks do little to fight the fraud. One victim: the Illinois EPA.

Chicago Sun-Times

Linda Yaccarino: does Twitter’s CEO have the most difficult job in tech?

She’s tasked with saving the company now called X, but Musk might be loth to hand over the reins of his $44bn vanity app

The Guardian - US

Amazon Prime Day is the most international it's ever been

Amazon executives reveal the company's international Prime expansion strategy.

Axios

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'Love Is Blind' snafu. Streaming with ads. Questions for Netflix ahead of earnings

Over the last year, Netflix has taken steps to boost profits and entice more subscribers to stay on its streaming service.

Los Angeles Times

Twitter: how are the company’s finances?

Twitter is “roughly breaking even”, according to Elon Musk, after what the billionaire entrepreneur called a “painful” period since he took over the social media platform last year.

The Week

Forecast: Digital Video Viewing to Top Traditional TV in US

For the first time ever, US adults will spend more time this year watching digital video on platforms such as Netflix, TikTok and YouTube than viewing traditional television, Insider Intelligence forecast on Wednesday. In the historic first, the market tracker expects "linear TV" to account for less than half of…

Asharq Al-Awsat

Podcasts lose their edge, with slowing advertising and fewer newcomers

The maturing audio format isn't vanishing, but it's not growing the way it used to, either.

Axios

Musk vows to restore recently suspended Twitter accounts of journalists

Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists who were suspended after he accused them of endangering his family.

France 24

Twitter Suspends Accounts of Journalists Covering Musk

Twitter suspended Thursday accounts of more than a half-dozen journalists who had been writing about the company and its new owner Elon Musk. Silencing journalists at Twitter while claiming to be a free speech champion is the latest controversy provoked by Musk since he took over the company, which has…

Asharq Al-Awsat

Twitter ‘to lose 32m users in two years after Elon Musk takeover’

Forecast predicts people will leave platform over technical problems and spread of hate speech

The Guardian - UK

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Asharq Al-Awsat

Twitter Aims to Diversify Beyond Advertising, But Can it Be Done?

Is it a pipe dream or possibility? Elon Musk wants to diversify Twitter's revenue stream beyond advertising, a feat none of the biggest social networks have yet pulled off. Something of a gold standard, social media ads can be fine-tuned and tailored to individual users on a mass scale, and…

Los Angeles Times

Some good news for Netflix, with subscriber gains in the third quarter

After two consecutive quarters of subscriber decline, Netflix said its prospects look brighter for the second half of the year as it prepares to launch a cheaper streaming plan with ads.

The Guardian - US

Will the economic slowdown take the wind out of the US tech industry’s sails?

Looming layoffs, rising inflation and fears of an impending recession bode ill for companies’ earnings calls next week

The Independent UK

TikTok going big on US e-commerce? Job listings offer clues

TikTok appears to be deepening its foray into e-commerce

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Tribune News Service

Amazon opens the email marketing floodgates to try to boost sales

Amazon.com Inc. will let brands and merchants send marketing emails to shoppers, a risky bid to boost sales that could inundate inboxes with spam.

Tribune News Service

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

Asharq Al-Awsat

Disney+ Subscribers Surge as Netflix Stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday. The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year earlier, the entertainment giant…

The Guardian - US

Google earnings signal company weathering slowdown better than expected

Parent company Alphabet reports second-quarter revenue of $69.69bn, 13% higher than a year ago

The Independent UK

Amazon Prime Day: What consumers are buying

Amazon will be offering discounts on a variety of items during its two-day Prime Day shopping event that began Tuesday

The Independent UK

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic

The Guardian - US

‘End of an era’: Sheryl Sandberg leaves behind powerful – if complicated – legacy

The chief operating officer saw Facebook through multiple controversies and turned into the profitable juggernaut it is today

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