Netflix reportedly wins Warner Bros. Discovery bidding war with ~$28-per-share offer
Netflix this morning announced that it will acquire the Warner Bros. side of the business — which includes its studio and streaming businesses — in a deal worth $82.7 billion, or $27.75 per share. Pe...
Apple poaches Meta’s chief legal officer
Just a day after announced that it had hired away user interface design lead, Apple has announced that it’s poached Jennifer Newstead, Meta’s chief legal officer, to become Apple’s new general counse...
Headline-fatigued Americans are tapping out of the news cycle
Thanks to radio, TV, emails, apps, and finally social media, news has never been more within reach. However, constant updates and pervasive push notifications are now causing a growing portion to cons...
Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul
Netflix’s charm offensive appears to be working. is reportedly emerging as the leader in the bidding war for after second-round bids this week, edging out entertainment juggernaut rivals and .
Report: Meta to slash metaverse, VR spending by up to 30%
Four years after changing its name to reflect its focus on the loosely defined “metaverse,” is planning deep cuts to the company’s money-losing virtual reality efforts, according to a report from Bl...
Report: Meta poaches Apple design chief Alan Dye
has poached Alan Dye, the head of ’s user interface design team since 2015, according to a report from Bloomberg. The hire follows several major leadership changes at Apple as it struggles to catch up...
Netflix sinks on report that buying Warner Bros. wouldn’t drastically boost its market share since most subscribers already have HBO Max
Investors appear to have a bit more faith in ability to win the bidding war for — they’re just not sure if they like the idea. Netflix shares fell 6% on Wednesday morning following a Reuters report ...
Spotify Wrapped 2025 is here — and it’s more vital to the company’s bottom line than ever
If you’ve spent the year publicly panning the new Taylor Swift album, but streaming it on a loop behind closed doors, the season of reckoning is finally upon you: Spotify Wrapped is officially here. O...
About half of American adults use YouTube and Facebook every single day
Being an adult ( or even a child ) in 2025 often means navigating the pitfalls of spending too much time on social media. Many might not want to know how much endless scrolling is affecting us — and, ...
Meta wins in FTC antitrust trial
has successfully defended itself from a five-year-long Federal Trade Commission antitrust lawsuit that alleged the company’s acquisition of Instagram and WhatsApp gave it a monopoly on social media. T...
Meta overhauls Marketplace with AI insights and collaborative shopping
announced Thursday that it’s giving its buy-and-sell platform, Marketplace — arguably the best part of Facebook and the most appealing to young people — a “glow up.” Each day in the US and Canada, one...
Meta projected 10% of 2024 revenue came from scams and banned goods, Reuters reports
has been making billions of dollars per year from scam ads and sales of banned goods, according internal Meta documents seen by Reuters. The new report quantifies the scale of fraud taking place on Me...
Snap shoots up 25% on $400 million deal with Perplexity, strong earnings
shares shot up as much as 25% in after-hours trading on the release of third-quarter earnings that beat estimates, as well as the announcement of a big deal with AI startup Perplexity to integrate its...
Netflix creates new made-up metric for advertisers
It’s not quite WeWork’s community-adjusted EBITDA , but it’s also not quite a real number: announced today that it has 190 million “monthly active viewers” for its lower-cost ad-supported tiers . The...
Motion Picture Association to Meta: Stop saying Instagram teen content is “PG-13”
In October, announced that its updated Instagram Teen Accounts would by default limit content to the “PG-13” rating . The Motion Picture Association, which created the film rating standard, was not h...
Pinterest sinks after weak revenue guidance and Q3 adjusted EPS misses estimates by 10%
plunged nearly 18% in premarket trading on Wednesday, after the company reported lower-than-expected earnings and a weak holiday quarter forecast after the bell on Tuesday. The social media platform p...
iHeartMedia surges on report Netflix, competing with YouTube, wants its video podcasts
Video podcasts are becoming a key part of efforts to keep pace closely behind YouTube in the streaming wars. According to reporting by Bloomberg, the streamer is in talks to exclusively license video...
Netflix rises on announcement of its 10-for-1 stock split
subscription prices keep rising, but its shares are about to get a bit cheaper. On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a sing...
Reddit rises in after-hours trading on Q3 earnings numbers
After a rough, nearly 8% slide during Thursday trading, reported generally strong Q3 financials. The stock whipsawed at first before heading up in the after-hours session. Q3 earnings per share were...
Analysts lower Meta price targets after social media giant says AI capex will keep climbing
may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI wou...