EU governments are divided over a plan to tax big internet firms like Google and Facebook on their turnover, fearing retaliation from the US, and could delay its application, officials said on Tuesday.
Facebook Inc on Tuesday relieved investors by forecasting that margins would stop shrinking after 2019 as costs from scandals ease up, sending shares up despite a second-straight quarter with record-low user growth.
Traffic growth on Baidu Inc's mobile app helped drive higher-than-expected third quarter revenue as China's biggest search engine operator places more emphasis on artificial intelligence (AI) and autonomous driving.
Facebook, Amazon.com, Netflix and Alphabet were at the centre of a volatile session on the U.S. stock market on Monday, cleaving $200 billion off of the FANG group's combined market capitalisation in two sessions.
Shares of Amazon dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.
Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer's market capitalization.