WASHINGTON—Federal judge refuses to stop meta-platforms Inc. META 2.79% acquisition of virtual reality startup Within Unlimited, offering a setback to antitrust authorities at the Federal Trade Commission seeking to block the deal, a person familiar with the decision said. In a sealed court ruling issued overnight, U.S. District Judge Edward Davila in San Jose, Calif., … Read more
For years, Wall Street has complained about Silicon Valley’s refusal to pay dividends and buy back shares as tech companies become cash-generating machines. That’s no longer a problem, even though these tech companies are generating less profit than they did in previous years. In fact, some tech companies are essentially paying off Wall Street even … Read more
Snap Inc.’s life as a young, high-growth tech stock is over, and its rivals are about to show just how much this change means to Snapchat. “Based on our recent conversations with our partners, it appears that ad demand hasn’t really improved, but it hasn’t worsened significantly either,” said Snap co-founder and chief executive Evan. … Read more