Netflix Inc said on Tuesday it had hired two of social media firm Snap Inc's executives to help the streaming giant with its planned advertising-supported tier.Snap confirmed the departure of Chief Business Officer Jeremi Gorman and Peter Naylor, vice president of ad sales for the Americas.
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Snap plans to cut staff by 20%: The VergeSnapchat parent Snap is planning to lay off about 20 per cent of its more than 6,400 employees starting Wednesday, the Verge reported on Tuesday, citing people familiar with the matter. The company did not immediately respond to a Reuters request for comment.
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Baidu beats quarterly revenue estimates on cloud business boom:China's search engine giant Baidu Inc beat quarterly revenue estimates on Tuesday, underpinned by demand for its cloud and artificial intelligence-powered offerings.U.S.-listed shares of the company rose 3.2 per cent in pre-market trade.Even as Baidu's core advertising sales continue to be soft, custo
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Corning to build new Arizona optical cable factory ahead of US broadband pushWASHINGTON : Corning Inc announced plans on Tuesday to build a new optical cable manufacturing plant in Arizona as the U.S. government moves to award $42 billion to expand broadband to millions of unserved Americans.The factory in Gilbert, Arizona, expected to open in 2024, will help supply AT&T, the larg
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Best Buy says pricey smartphone sales holding strong ahead of next iPhone launchConsumers stung by decades-high inflation are not shifting to cheaper smartphones, Best Buy Co Inc said on Tuesday, boding well for Apple Inc's upcoming iPhones likely to be unveiled next week.The comments from the largest U.S. consumer electronics retailer come at a time when the soaring prices of gas an
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Musk requests to delay Twitter trial to November - court filing:Elon Musk on Tuesday asked court permission to delay the Twitter Inc trial by about a month to November, according to a court filing.Musk and Twitter have sued each other in Delaware state court and a five-day trial is scheduled to start Oct. 17.Twitter wants the court to order Musk to close the deal
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Elon Musk subpoenas Twitter whistleblower, seeking info on spam, securityWILMINGTON, Del : Elon Musk subpoenaed a Twitter Inc whistleblower, seeking documents and communications on spam and alleged security vulnerabilities at the social media company as part of his ongoing legal battle to end his agreement to buy the company for $44 billion, according to a court filing on Monday.
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