(Reuters) -Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday, hit by weak spending on its flagship titles such as "FC 24" and "Madden NFL 24" amid an uncertain economic outlook
The Redwood City, California-based company, whose shares were down about 4% in extended trading, also authorized a new three-year stock buyback plan totaling $5 billion.
The dour forecast from EA, one of the biggest... (continue reading...)
By Yuvraj Malik
(Reuters) - Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features.
It also reported first-quarter revenue and core profit above expectations, sending its share up 10% in extended trading.
Lyft has been luring consumers with shortened wait times for some... (continue reading...)
NEW YORK (Reuters) - Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite of generative AI ads products to offer tools that can automatically create variations of images and overlay text atop them.
The tool will launch in test form without the watermarks the social media company is applying to all images generated by its user-facing Meta AI assistant, which it has touted as a key safety feature,... (continue reading...)
By Milana Vinn
(Reuters) - BigCommerce, the e-commerce software maker that used to be backed by SoftBank Group, is exploring a sale after attracting takeover interest, people familiar with the matter said on Tuesday.
BigCommerce has become an acquisition target after losing 90% of its market value in the four years since its initial public offering. It has struggled to compete against larger rival Shopify.
The Austin,... (continue reading...)
WASHINGTON (Reuters) - The White House said the behavior captured in a video at the University of Mississippi is "undignified and racist", after a student was accused of mocking a Black protestor by making monkey noises during an anti-war demonstration.
The events at Ole Miss, the state's flagship university, have drawn widespread outrage and condemnation.
"The actions in the video are beneath any American," White House press secretary... (continue reading...)
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