AMC has been battered by the coronavirus, and the Wall Street Journal is reporting that the company is working on a financing deal to keep from going bankrupt.
Shares of Snap soared more than 8% Tuesday before closing up nearly 6% after Secretary of State Mike Pompeo said the U.S. was considering banning TikTok, a Chinese-owned social media platform.
Facebook CEO Mark Zuckerberg, COO Sheryl Sandberg and other Facebook leaders met on Tuesday with groups that have led the call for what is now a widespread advertiser boycott of Facebook's platform.
Angel investor Jason Calacanis discussed the Trump administration's small business loan program, Uber's acquisition of Postmates and media coverage of the tech industry in a "Squawk Alley" interview on Tuesday.
Uber, which had expected to turn a profit by Q4 2020, withdrew its guidance in May as the Covid-19 pandemic continued to upend daily life. But its bet on the food delivery business could push it forward.
The comments from Secretary of State Mike Pompeo come amid rising tensions between the U.S. and China and as scrutiny on TikTok and Chinese technology firms continue to grow.
The JumpStart Tax is a blow to Amazon, which fought the passage of a so-called head tax in 2018 via a well-financed referendum campaign alongside other Seattle businesses.
Needham analysts said Tuesday they were lowering revenue estimates for Google's second quarter to down 7% year-over-year because of the company's declining U.S. search revenue.
Facebook COO Sheryl Sandberg said the company is releasing a long-planned audit of its civil rights practices on Wednesday, after meeting with civil rights groups who are helping to organize and advertiser boycott. But Anti-Defamation League CEO Jonathan Greenblatt isn't buying it.
Deutsche Bank said on Tuesday it has agreed a strategic, multiyear partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients.
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