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WSJ News Exclusive | Meta Embraces AI as Facebook, Instagram Help Drive a Rebound

WSJ News Exclusive | Meta Embraces AI as Facebook, Instagram Help Drive a Rebound

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Days before Meta META 2.52% Platforms Inc.’s first ever mass layoffs in November, a senior executive shared some good news. The company’s short-form video product, Reels, was getting traction with users, and the threat posed by rival TikTok appeared to be easing. “Facebook engagement is stronger than people expected,” Tom Alison, head of Facebook, wrote …

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DOJ Sues Google, Seeking to Break Up Online Advertising Business

DOJ Sues Google, Seeking to Break Up Online Advertising Business

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The Justice Department is seeking the breakup of Google’s business brokering digital advertising across much of the internet, a major expansion of the legal challenges the company faces to its business in the U.S. and abroad. A lawsuit filed Tuesday, the Justice Department’s second against the Alphabet Inc. GOOG -1.98% unit following one filed in …

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GameStop’s Ryan Cohen Wants to Be More Than a Meme-Stock King

GameStop’s Ryan Cohen Wants to Be More Than a Meme-Stock King

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Ryan Cohen is the face of an investing revolution that captivated amateur traders, punished Wall Street and favored memes over fundamentals. Many of his other bets belong to a more conservative playbook. The 37-year-old billionaire, who made his fortune with online pet retailer Chewy Inc., CHWY -0.12% gained fame during a period of market frenzy …

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Inside the Chess Cheating Scandal: ‘It Was a Ticking Time Bomb’

Inside the Chess Cheating Scandal: ‘It Was a Ticking Time Bomb’

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A month before Magnus Carlsen and 19-year-old American grandmaster Hans Moke Niemann found themselves battling each other at the center of a high-profile chess cheating scandal, they were two guys pushing pawns on the beach in Miami. Hanging around for a tournament promotion, they played on a board in the sand, watched by only a …

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The Next Big Battle Between Google and Apple Is for the Soul of Your Car

The Next Big Battle Between Google and Apple Is for the Soul of Your Car

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A few years from now, in addition to deciding your next vehicle’s make and model, you may have another tough choice: the Google model or the Apple AAPL -3.00% one? Other options may include “car maker generic” and even, I’m spitballing the name here: Amazon Prime Edition. Now that cars, especially electric ones, are becoming …

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Here are the worst (and best) performing stocks of August and for 2022

Here are the worst (and best) performing stocks of August and for 2022

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After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX -3.5% -16.4% 26.9% Dow Jones Industrial …

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