Founder/Curator |
$5 billion |
Possible value of assets including Yahoo and AOL in a sale being explored by Verizon. The telecom giant paid more than $9 billion for the pair with a plan to resurrect powerful brands of the dial-up era. |
Facebook posted a sharp increase in quarterly revenue and profit as it benefited from a wave of digital ad spending but said it expects growth to slow later this year from factors including Apple’s new ad-targeting rules, Sarah E. Needleman reports.
The company said its earnings reflects the past year’s trend of people spending more time and money online and advertisers redirecting their resources to take advantage of that shift. Revenue rose 46% to $25.44 billion, while profit nearly doubled to $9.5 billion.
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CES BETS ON 2022 RETURN TO IN-PERSON
The Consumer Electronics Show (CES) is officially returning to an in-person format in Las Vegas in 2022, the Consumer Technology Association (CTA) announced today, marking the return of the largest tech conference in the world next year.
“We’re thrilled to return to Las Vegas – home to CES for more than 40 years – and look forward to seeing many new and returning faces,” said Gary Shapiro, president and CEO of the CTA, in an announcement.
CES 2022 will be held from January 5th through the 8th, with the usual media days preceding the conference itself on January 3rd and 4th.
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