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MICHAEL NATHANSON
Ad giant Omnicom takes aim at Big Tech, AI era with $13 billion Interpublic dealOmnicom Group and Interpublic Group, the world's third and fourth-largest ad buyers, are merging in a $13.25 billion all-stock deal. The me...09 Dec, 2024, 10.41 PM IST- Digital ad sellers jump as Google, Reddit and Snap earnings indicate sturdy demandThe three companies were set to add more than $70 billion combined to their market capitalizations. Shares of Alphabet rose 6% in premarket...31 Oct, 2024, 01.44 PM IST
- Amazon shares fall 10% on slowing sales growth, ‘value-conscious customer’Shares of Amazon.com fell nearly 10% on Friday after the company reported slowing online sales growth in the second quarter and said consum...02 Aug, 2024, 07.49 PM IST
- Hunt for Disney CEO Bob Iger's successor kicks into high gearDisney delays CEO successor decision, focusing on internal and external candidates like Dana Walden, Josh D'Amaro, and Jimmy Pitaro. Past f...04 Apr, 2024, 06.42 AM IST
- Roku tumbles 20% as stiff competition from heavyweights dents outlookRoku dropped nearly 20% on Friday after the streaming-service provider forecast a steeper-than-expected first-quarter loss, as it struggles...16 Feb, 2024, 08.19 PM IST
- Netflix emulates old-school cable TV playbook with addition of live sportsNetflix expands its investment in live programming with a $5 billion deal to acquire rights to broadcast live wrestling, including World Wr...25 Jan, 2024, 09.55 AM IST
- How ESPN went from Disney's financial engine to its problemDisney is now exploring a once-unthinkable sale of a stake in ESPN. Not all of it, Robert Iger, Disney's CEO, has made clear. But he wants ...02 Aug, 2023, 07.01 PM IST
- Walt Disney Co begins 7,000 layoffsSeveral major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, ac...27 Mar, 2023, 10.34 PM IST
- SVB’s research unit expects business to continue as normalSVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise...12 Mar, 2023, 08.13 PM IST
- Disney investors await CEO Bob Iger's revival plan with results on tapDisney and Bob Iger are under pressure from activist investor Nelson Peltz, chief executive of Trian Fund Management, who has launched a pr...08 Feb, 2023, 10.41 AM IST
- Disney plans to freeze hiring and cut some jobs, memo showsThe move came after Disney missed Wall Street estimates for quarterly earnings on Tuesday as the entertainment giant racked up more losses ...12 Nov, 2022, 10.06 AM IST
- Big tech ad revenue growth to taper as pandemic bubble pops: analyst reportWhile the companies have warned of pressure from inflation, the Ukraine war and the end of a Covid-induced lift to advertising, the report ...27 May, 2022, 08.57 AM IST
- Investors skeptical of Netflix's plans to crack down on account sharingThe company's stock was down 36% in trading Wednesday, a day after Netflix said it would ask subscribers who share their accounts with peop...21 Apr, 2022, 08.21 AM IST
- Netflix earnings to set the pace for 2022 streaming warsThe dominant streaming service reports fourth-quarter results on Thursday. Wall Street will watch for how many customers Netflix picked up ...19 Jan, 2022, 08.36 AM IST
- Twitter may struggle to replicate bumper 2020 growth: Analysts"The company's weak future guidance suggests that repeating this performance will be extremely difficult," said Haris Anwar, senior analyst...01 May, 2021, 12.25 PM IST
- Twitter may struggle to replicate bumper 2020 growth: AnalystsTwitter shares sank more than 12% on Friday after the social media company warned the current quarter could be its worse as it eyed a weake...01 May, 2021, 10.22 AM IST
- Alphabet's earnings miss profit estimates as spending growsThough growing demand for pricey ads on mobile apps has kept Google's core ad business surging, the company has moved aggressively to maint...02 Feb, 2018, 11.46 PM IST
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