The social network said that advertising and user growth slowed in the second quarter, and that efforts to improve privacy would stunt profits further. Its stock price tumbled.
The transaction failed after a series of trade moves by the Trump administration, including tariffs on numerous Chinese goods, and retaliatory measures from China.
Our columnist Andrew Ross Sorkin and his Times colleagues help you make sense of major business and policy headlines — and the power-brokers who shape them.
Corporate income tax collections are near a 75-year low, as a share of the economy, after a new law reduced rates and allowed companies to deduct investments immediately.
Big tech companies are asking themselves where their responsibilities start and stop. Sorting that out will be complicated and may end up increasing their power.
By FARHAD MANJOO
Tech We’re Using
PhotoCreditTasneem Alsultan for The New York Times
Smartphone video, now used to document abuses across the globe, has been crucial in telling the outside world about Syria’s war, says Anne Barnard, Beirut bureau chief for The Times.
By ANNE BARNARD
PhotoCreditSpencer Platt/Getty Images North America
21st Century Fox and Disney shareholders will meet on Friday to vote on a merger agreement. But the men who struck the deal will send lieutenants in their place.
For a moment it seemed like the world’s biggest social network had established a beachhead in the world’s largest internet market. But only for a moment.
Wall Street rose on Wednesday as U.S. President Donald Trump secured concessions from the European Union on trade, while a disappointing quarterly report from Facebook after the bell slammed its stock and threatened to put the brakes on a tech rally.
