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Meta stock surges after Q2 results beat expectations despite heavy AI spending

Digital Desk -
Meta has posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased. Shares in the Facebook owner surged...
BUSINESS

Shares sink in Japan following tech-driven retreat on Wall Street

Digital Desk -
Japan’s benchmark Nikkei 225 index sank 5.8% on Friday in what some reports said was the worst single-day loss since Black Monday of 1987. The...
BUSINESS

Twitter shares plunge more than 10%

Digital Desk -
Twitter has said earnings missed market forecasts for the final three months of the year, and warned that advertising sales will continue to lag...
BUSINESS

Microsoft buys LinkedIn for $26.2 billion

Digital Desk -
Microsoft is purchasing professional social network LinkedIn in a deal reported to be worth $26.2 billion. In a blog post, Microsoft revealed that it will...
BUSINESS

Netflix shares lose ground due to lower subscribers target

Digital Desk -
The value of shares in Netflix has fallen after the company reduced a new subscribers target. The streaming service says it is aiming to add...
BUSINESS

Lloyds banking group shares fall after Osborne postpones final stake sale

Digital Desk -
Lloyds Banking Group shares fell after the Government postponed the sale of its final stake in the lender. Chancellor George Osborne said he would not...
BUSINESS

Poundland shares plummet 21% after drop in profits

Digital Desk -
Shares in discount retailer Poundland have fallen more than 21% in early trading after it revealed challenging first-half figures. Underlying pre-tax profits for the six...
BUSINESS

Twitter’s chief executive to give out company shares to staff

Digital Desk -
Twitter's new chief executive Jack Dorsey has said he is going to give a third of his shares in the firm to staff -...
BUSINESS

VW cars in Europe ‘also have software built in’

Digital Desk -
The software at the centre of Volkswagen’s emissions scandal in the US was built into its cars in Europe as well, though it is...
BUSINESS

Volkswagen chief ‘endlessly sorry’ over emissions scandal

Digital Desk -
Volkswagen’s CEO says he’s “endlessly sorry” for the company’s diesel emissions scandal and is pledging a fast and thorough investigation. Martin Winterkorn said in a...
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