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Spotify reaches 100 million paying subscribers

Swedish music streaming giant Spotify said Monday it had amassed 100 million paying subscribers, but the company also fell back into the red and reported a first quarter operating loss.

Privacy fine set-aside dents Facebook's profit

Facebook said Wednesday its profit took a hit from setting aside billions of dollars for an anticipated fine from US regulators, in a quarterly report that sent shares higher.

Google, Amazon suffer market setbacks on sales outlook

Internet titans Google and Amazon came under an investor cloud after posting disappointing sales updates, with the search leader also on the defensive for reportedly hushing up sexual misconduct.

Amid soaring profits, Facebook vows to curb abuse

Facebook on Wednesday reported that profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs.

Snapchat parent Snap slides below IPO price

Shares of Snapchat parent Snap Inc. plunged Tuesday, slipping below the price at the time of its stock offering, after a pessimistic outlook from a Wall Street analyst on the popular messaging service.

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