Author: Sheila Dang
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X’s CEO tells staff data will show efforts to fight hate, as advertisers flee
By Sheila Dang (Reuters) – Social media company X CEO Linda Yaccarino told employees that “data will tell the real story” about its efforts to battle antisemitism, according to a note to employees, amid growing outrage over the issue. X, formerly Twitter, lost several major advertisers including IBM and Comcast, and owner Elon Musk was…
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Exclusive-Microsoft’s Bing plans AI ads in early pitch to advertisers
By Sheila Dang (Reuters) – Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as the tech company seeks to battle Google’s dominance. In a meeting with a major ad agency this week, Microsoft showed off a demo of the…
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Boeing pleads not guilty to fraud charge in 737 MAX arraignment
By Sheila Dang and David Shepardson FORT WORTH, Texas/WASHINGTON (Reuters) – Boeing Co pleaded not guilty on Thursday to a 737 MAX fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane’s flawed design. Boeing’s chief safety officer, Mike Delaney, entered the not-guilty plea…
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Twitter restores suicide prevention feature after Reuters report
By Kenneth Li, Paresh Dave and Sheila Dang NEW YORK (Reuters) -Twitter Inc has restored a feature that promotes suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. Reuters reported on Friday that the feature was taken…
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Snap’s slowing ad growth sends inflation fears through tech sector
By Sheila Dang (Reuters) -Snap Inc on Thursday forecast no revenue growth in the typically busy holiday quarter, sending a warning signal that rising inflation and the war in Ukraine could hurt other tech companies dependent on advertising revenue. Shares of Snap dropped 26% in after-hours trading. The owner of photo messaging app Snapchat is…
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In call with Twitter staff, Elon Musk muses on space aliens, company’s future
By Sheila Dang (Reuters) -Elon Musk addressed Twitter employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Musk appeared via video call 10 minutes late to what turned out…
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Twitter plans shareholder vote by August on sale to Musk
By Sheila Dang and Greg Roumeliotis (Reuters) -Twitter Inc plans to hold a shareholder vote by early August on its $44 billion sale to Elon Musk, as it continues to work “constructively” to complete the deal with the world’s richest person, the social media company’s top executives told employees on Wednesday. Musk’s lawyers warned Twitter…
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Twitter gears up for most ambitious quarter of user growth -internal meeting
By Sheila Dang (Reuters) -Twitter is gearing up for its most ambitious quarter of user growth, leaders of the social media company’s consumer products division told staff in an internal meeting on Tuesday that was heard by Reuters. Twitter is targeting growth of 13 million monetizable daily active users (mDAU), or users who see advertising,…
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AT&T profit beats estimates on strong streaming growth
By Sheila Dang (Reuters) -AT&T Inc beat analysts’ estimates for fourth-quarter profit and revenue on Wednesday amid solid growth in its streaming platform HBO Max and a rise in wireless customers, sending shares higher in premarket trading. Revenue at WarnerMedia, which houses premium TV channel HBO and streaming service HBO Max, rose 15.4% to $9.9…