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Companies News - Liquidity Provider: Business & FinTech Media

News: Companies

In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.

Meta’s Earnings. Wall Street Is Cutting Its Revenue Forecasts

Meta’s Earnings Are Wednesday. Wall Street Is Cutting Its Revenue Forecasts The social media titan is still battling a less aggressive advertising market, competition from TikTok, and the continuing impacts of Apple's (AAPL) more aggressive approach to safeguarding iPhone users' privacy. In an effort to make its Facebook experience more like TikTok, Meta recently scaled back its employment goals and released a new version of its main Facebook experience.

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Ford Plans Up to 8,000 Job Cuts to Help Fund EV Investment

Ford Plans Up to 8,000 Job Cuts to Help Fund EV Investment People who asked not to be named, revealing internal discussions, described the layoffs will be made in Ford Blue, the newly formed unit responsible for producing internal combustion engine vehicles, as well as other salaried positions across the corporation. Details of the plan have not yet been finalized, so they could change at any time.

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Ex-Coinbase Employee and Two Others Charged in Insider Trading Case

Ex-Coinbase Employee and Two Others Charged in Insider Trading Case As part of what federal prosecutors in Manhattan are calling the first-ever insider trading prosecution involving the digital currency market, a former employee of Coinbase Global and two other people have been charged with wire fraud.

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Netflix Sees Return to Subscriber Growth

Netflix Sees Return to Subscriber Growth After-hours trading on Tuesday saw a surge in Netflix shares after the business reported better-than-anticipated subscription trends for the second quarter and announced plans to introduce an ad-supported subscription tier in the first quarter of 2023.

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Twitter Stock’s Fall Isn’t Over, Analysts Warn. How Much More It Could Tumble

Twitter Stock’s Fall Isn’t Over, Analysts Warn. How Much More It Could Tumble Despite falling 11.3 percent after the news broke on Monday, Twitter stock still appeared to be valued to account for the potential that a deal may yet be reached at a lower price. Analysts predict that Twitter stock might fall another 30% from here if there is no sale.

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Apple Mac Sales at Risk, Analyst Says. Here’s Why

Apple Mac Sales at Risk, Analyst Says. Here’s Why An increasing number of people are worried that Apple's June quarter earnings report will reflect the consequences of both a decline in consumer spending on technological products and the ongoing supply-chain issues in China.

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Amazon’s Deal With Grubhub Makes Life Tougher for Uber and DoorDash

Amazon’s Deal With Grubhub Makes Life Tougher for Uber and DoorDash A year ago, Just Eat Takeaway, based in Amsterdam, paid $7.3 billion to purchase the faltering American food delivery firm. That poorly timed arrangement, which was announced just as the meal delivery boom of the Covid period started to slow down, was a failure. Discover

Dethrone Tesla? One Car Maker With a Shot

Dethrone Tesla? One Car Maker With a Shot Many manufacturers have ambitious plans to overtake Tesla ( TSLA ). They need to have electric automobiles available to the market for that to happen. Based on forthcoming models, General Motors (GM) is one automaker that appears to have a chance of competing with Elon Musk's company.

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Netflix Q2 Subscriber Losses Could Be Worse Than Forecast

Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns Nearly three months have passed since Netflix startled investors with a terrible first-quarter earnings announcement. A surprising reversal in subscriber growth was the main problem.

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Meta is Pulling the Plug on its Crypto Payments Wallet, Novi

Meta is Pulling the Plug on its Crypto Payments Wallet, Novi By announcing on Friday that Novi, the digital wallet payments system created in October, will cease on September 1st, Meta has announced a further reduction in its role.

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NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too

NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too After a Covid-19-induced slump, Chinese electric vehicle production and demand recovered in June. NIO (NIO), Li Auto (LI), and XPeng (XPEV) delivered well in the previous month (June).

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Shell Set to Sign Deal With Qatar for Giant Gas Project

Insider News: Shell Set to Sign Deal With Qatar for Giant Gas Project According to reports, Shell Plc is planning to take a stake in a major $29 billion project that aims to raise Qatar's output and exports of liquefied natural gas (LNG). This comes as other Western energy giants have already invested in the project and as Europe is increasingly racing to shore up supplies of the fuel.

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Expert Opinion: Apple May Have 40 Million Subscribers for Streaming TV Service, Analyst Says

Expert Opinion: Apple May Have 40 Million Subscribers for Streaming TV Service, Analyst Says Sacconaghi claimed that Apple (AAPL) had between 20 million and 40 million paying users, with yearly revenue ranging between $1 billion and $2 billion. That's not much for a firm with about $400 billion in annual revenue, but he believes the service is vital for strategic reasons.

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Instagram is Testing an AI Face-Scanning Tool That Can Verify Your Age

Instagram is Testing an AI Face-Scanning Tool That Can Verify Your Age Instagram requires three of the user's mutual followers to verify their age as part of the social vouching method. They have three days to react, and the followers must be at least 18 years old. Users can still prove their age by uploading images of their ID cards.

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‘Buy With Prime’ Could Help Amazon Extend Dominance in Online Commerce

‘Buy With Prime’ Could Help Amazon Extend Dominance in Online Commerce According to a sum-of-the-parts valuation exercise, Amazon Web Services may account for as much as 80% of the company's current valuation. This would mean that investors have the opportunity to buy the rest of the business at a significant discount. Discover

Apple and Google Face a New Threat. Regulator Says They ‘Hold All the Cards.’

Apple and Google Face a New Threat. Regulator Says They ‘Hold All the Cards.’ According to the CMA, the watchdog would therefore inspect Apple's limitations on cloud gaming operable by marketplaces and prosecute Google over payment methods on these platforms.

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