Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

Spotify technology (STAIN) reported fiscal second-quarter results on Tuesday that beat expectations as the audio giant reported record profit, gross margin and free cash flow in the quarter following its recent “efficiency strategy”.. Revenue came in line with estimates while monthly active user metrics disappointed, both investors shrugged off as the stock rose more than … Read more

Google is halting its 4-plus-year plan to turn off tracking cookies by default in Chrome

Google is halting its 4-plus-year plan to turn off tracking cookies by default in Chrome

Magnify / Google, like most of us, has a hard time letting go of cookies. Most of us simply haven’t created a complex set of APIs and brokered deals across regulations and industries to stick to the essential essence of cookies. Getty Images Google has an announcement today: it’s not going to do something it’s … Read more