Spotify Technology SA announced to reduce hiring by 25.00% due to the broad macroeconomic uncertainties. The world’s largest on-demand audio streaming firm is the latest technology company to curb expenses amid the headwinds. Chief Executive
On Tuesday, Netflix Inc. greenlighted the biggest reality competition, Squid Game: The Challenge, based on its most-watched series. The streaming giant cited that the show offers $4.56 million, the largest cash price in television history.
Spotify Technology delivered a bullish growth outlook on Wednesday, promising high-margin returns from its costly expansion into podcasts and audiobooks. The audio streaming platform hosted its first investor day since going public in 2018. This
Twitter Inc. prepares for the most ambitious quarter of user growth, targeting to grow its monetizable daily active users by 13.00 million. Accordingly, the social media company’s consumer products division cited the outlook as the
GameStop Corp. delivered mixed fiscal first-quarter earnings after the bell on Wednesday, reporting a decline in game consoles and accessories sales. The American electronics retail company generated $673.80 million in hardware sales, which amounted to
Telecommunication companies Ericsson and BT Group inked a multi-million-pound partnership to offer private 5G networks in the United Kingdom. The deal would enable them to deploy the Internet of Things and other technologies quickly and
Twitter Inc. announced paying $150.00 million in fines due to the allegations that the company misused private information to target advertising. The settlement covers claims that the microblogging firm misrepresented the security and privacy of
Snap Inc’s profit warning sparked a sector-wide selloff on Tuesday, signaling tough times ahead for the once-booming digital ad industry. The social media company lost about $15.00 billion in market capitalization. Eventually, shares of major
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