(Reuters) -Hershey Co raised its annual sales outlook and beat estimates for quarterly results on Thursday, as consumers bought more of its chocolates at airports, movie theaters and other food joints after the easing of COVID-19 curbs....
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From Facebook to Twitter, Big Tech sees social commerce driving sales growth
By Sheila Dang and Nivedita Balu (Reuters) – Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that...
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Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
By Elizabeth Culliford and Nivedita Balu (Reuters) -Facebook Inc said on Wednesday it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it...
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Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
By Stephen Nellis (Reuters) -Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip...
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Analysis-Tesla hikes electric car prices in U.S.; holds line in China
By Eva Mathews, Nivedita Balu and Hyunjoo Jin (Reuters) -Tesla Inc showed signs of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices...
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Duolingo enters ‘major leagues’ with $6.5 billion valuation in strong debut
By Echo Wang and Niket Nishant (Reuters) -Language learning app Duolingo Inc notched a valuation of $6.5 billion after its shares surged nearly 40% in the company’s Nasdaq debut on Wednesday, becoming the latest education technology...
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