WBD - Facebook News To Shut Down In Europe Warner Bros. Discovery Revises Outlook As Strike Bites Manchester United No Longer Up For Sale: Today's Top Stories | Benzinga
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Why Facebook News is Shutting Down in Europe: What It Means for Users?
- Meta Platforms Inc (NASDAQ: META) announced a significant development regarding Facebook News in the U.K., France, and Germany. The dedicated news tab on Facebook, known as Facebook News, will cease to exist in early December.
- The move is part of Meta's ongoing effort to prioritize features that users express interest in, like short-form videos, to maintain its competitive edge versus TikTok.
Hollywood Strike Impact - Warner Bros. Discovery Revises Annual Outlook
- Warner Bros. Discovery Inc (NASDAQ: WBD) stock is trading lower Tuesday as the company disclosed that CEO David Zaslav expects to discuss, among other topics, the impacts of the ongoing WGA and SAG-AFTRA strike at an investor conference on September 6, 2023.
- The company's August 3, 2023, earnings call guidance reflected a resolution of the strikes by early September.
Driving Into The Future: Mercedes And BMW Partner With Qualcomm For Ultra-Connected Cars
- Semiconductor giant Qualcomm Inc (NASDAQ: QCOM) said it will provide enhanced multi-media and in-car infotainment systems to luxury automakers, including BMW (Bayerische Motoren Werke ADR) (OTC: BMWYY) and Mercedes Benz Group AG (OTC: MBGYY).
- As a part of the companies' continued technology collaboration, Snapdragon Digital Chassis Solutions are designed to help bring the latest in-vehicle technology and features to the new 2024 Mercedes-Benz E-Class Sedan.
Alibaba Cloud Seeks Up to $3B Funding From State Firms
- Alibaba Group Holding Limited's (NYSE: BABA) stock is trading lower Tuesday in line with the broader indexes IShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) amid reports of China's services activity growing at the slowest pace in eight months in August.
- The company's cloud division explored private fundraising from Chinese state-owned enterprises before its public listing in Hong Kong.
Samsung Becomes Tesla Cars' Eyes As It Will Now Supply Camera Modules To Elon Musk's EV Company