AT&T Misses Q1 Estimates, Citing Impact Of COVID-19

AT&T reported first-quarter results impaired by COVID-19, missing revenue targets, as WarnerMedia operations suffered the worst impact from the virus. Revenue came in at $42.8 billion, which was below the consensus view of Wall Street analysts, who were looking for $44.2 billion. Earnings of 84 cents a share also missed estimates, but AT&T said without the virus earnings would have […]

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Facebook To Invest $5.7 Bln In India’s Reliance Jio

Facebook, Inc. signed an agreement to buy 9.99 percent stake in India-based Jio Platforms Ltd., owned by billionaire Mukesh Ambani’s Reliance Industries Limited. The social media giant will make an investment of 43,574 crore Indian rupees or about $5.68 billion into Jio, which owns the country’s top connectivity platform Reliance Jio Infocomm Ltd with over 388 million subscribers. Reliance Industries […]

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Facebook Invests $5.7 Billion In India’s Reliance Industries Digital Division Jio Platforms

Facebook Tuesday announced a $5.7 billion investment in Jio Platforms Limited, part of Reliance Industries, making the social media giant its largest minority shareholder. In a blog post  FB said the sizeable investment “underscores our commitment to India, and our excitement for the dramatic transformation that Jio has spurred in the country. In less than four years, Jio has brought […]

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Food Rationing Is New Reality for Buyers Once Spoiled for Choice

In this article At a Publix store in St. Petersburg, Florida, handmade signs limit customers to two packages of beef, pork and Italian sausage. In Toronto, shoppers at a west end Loblaws can’t buy more than two dozen eggs and two gallons of milk. Spoiled for choice before the pandemic, North American shoppers are finding they can’t get everything they […]

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Coronavirus unemployment bump puts struggling restaurants in tough spot

Payroll tax refund, rent assistance may help restaurant industry: FAT Brands CEO FAT Brands president and CEO Andy Wiederhorn discusses potential strategies to keep struggling restaurants open during the coronavirus pandemic. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below The restaurant industry has been hit hard by lockdown measures […]

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Netflix Posts Explosive Growth, But Boom May Not Last Long

Everyone expected shut-in viewers to embrace Netflix Inc. during the global coronavirus pandemic. But few could have predicted the stampede that actually occurred. Netflix added a record 15.8 million paid subscribers during the first quarter, almost double the 8.47 million forecast by Wall Street analysts. The company also clobbered its own forecast of 7 million, with droves of new customers […]

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Coronavirus prompts Google to offer free selling to online retailers

Apple, Google coronavirus tracking sparks long-term privacy concern Cyber security and privacy expert Leeza Garber discusses the dangers of big tech tracking once the coronavirus is under control. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Google is allowing merchants to sell their products for free on the platform […]

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