The media

Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain

Pinterest Inc missed forecasts on earnings and directed lower revenue than analysts had expected in the current quarter, but shares continued to rally in after-hours trading as users paused in a quarter that prompted a sudden turnaround and attracted an active investor. pinterest pins, + 2.62% On Monday, it reported a second-quarter loss of $43.1 …

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Tesla investors urged to vote against board members, to shareholder proposals through influential advisory services

Two prominent and influential proxy consulting firms are urging Tesla Inc investors. to vote against the re-election of two members of the Board of Directors, recommend defying the wishes of the company and vote for six out of eight proposals for shareholders. Tesla TSLA, + 0.04% He faces several employee controversies and is caught up …

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What’s at stake as the book publishing merger faces an antitrust trial

Penguin Random House announced its offer to acquire Simon & Schuster in November 2020. The deal – which includes two of the five largest book publishers in the US – is usually still in effect. But the Justice Department stands in its way, and an antitrust trial is set to begin on Monday. Judge Florence …

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Opinion: Big Tech shows it’s good to be big, slowing growth leads to stock gains while smaller competitors find only pain

After charging double digit growth during the pandemic, results from the five biggest tech giants in the US this week showed a slowdown as they grapple with inflation, a looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because they are the size It shows their strength. Over the …

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CNBC’s Rick Santelli on sudden drop in GDP ‘stagnation’: ‘Oh, my God’

A CNBC analyst’s reaction to the surprising news that the country’s GDP rose 0.9 percent on Thursday spread as dismal numbers confirmed that the United States is now in a recession, according to the definition commonly used by economists. “Oh my God,” CNBC analyst Rick Santelli said, scrambling to gather his thoughts in the moments …

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LIV Golf, backed by the Saudis and Trump, sees franchises in its future

Bedminster, NJ – LIV Golf is only three tournaments, but the Saudi-backed junior league is already thinking about its future. In an interview with CNBC, LIV Golf Investments President and COO Atul Khosla said the future of LIV Golf is the difference and the creation of franchises that could one day be sold. The organization …

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Comcast earnings for the second quarter of 2022

NBCUniversal has launched a new Peacock streaming service. Todd Williamson | peacock | NBC International | Getty Images Comcast reported second-quarter revenue and earnings that beat analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed Internet customers in the quarter were flat, falling behind …

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As Twitter rethinks its footprint in San Francisco, a bigger $9 billion question hangs over the city’s office market

Twitter Inc. developed Its large San Francisco office footprint is under review for downsizing on Wednesday, and it canceled the opening of an office in Oakland, California, a person familiar with the matter said. The move obscures the future of the social media site’s elegant San Francisco headquarters, a 1.1 million square foot memorial office …

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