By Jeffrey Dastin and Akanksha Rana (Reuters) – Amazon.com Inc on Thursday forecast a jump in holiday sales – and costs related to COVID-19 – as consumers continued to shop more online during the pandemic. A company...
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Twitter warns U.S. election could affect ad sales, shares drop 16%
By Sheila Dang (Reuters) – Twitter Inc <TWTR.N> on Thursday added fewer users than Wall Street had expected and said a rise in expenses would accelerate in the fourth quarter, sending its shares tumbling 16%. The San...
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Activision raises sales forecast on lockdown demand, new COD release hopes
(Reuters) – Activision Blizzard Inc <ATVI.O> raised its annual adjusted sales forecast on Thursday, betting on strong sales for its upcoming videogame in the blockbuster “Call of Duty” franchise as demand from...
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Alphabet sales growth revived as advertisers flock back to Google
By Paresh Dave and Munsif Vengattil OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc <GOOGL.O> on Thursday powered back to sales growth, beating analysts’ estimates for the third quarter as businesses...
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Comcast beats revenue expectations on broadband growth
By Helen Coster (Reuters) – Comcast Corp <CMCSA.O> on Thursday reported better than expected third-quarter revenue, as strong sign-ups for broadband offset pandemic-related weakness in its theme park and filmed entertainment...
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Tougher new rules for tech giants, more power to enforcers: EU’s Vestager
By Foo Yun Chee BRUSSELS (Reuters) – Tech giants will have to do more to weed out illegal and harmful content while online gatekeepers will be bound by a list of dos and don’ts under new rules aimed at reining in their power,...
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