Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Disney's "Avengers: Endgame" is now the highest-grossing film of all time having earned $2.79 billion at the global box office.Entertainmentread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Check out the companies making headlines after the bell on Wednesday:
Shares of Facebook spiked more than 6 percent after hours to more than $131 per share. The stock's all-time closing high during regular hours is $121.92. The social networking company posted earnings of 97 cents per share on revenue of $6.44 billion in revenue in the second fiscal quarter. Analysts had expected 82 cents per share on revenues of $6.02 billion, according to a Thomson Reuters consensus estimate.
Facebook's main money stream, ad revenue, hit $6.24 billion, versus the $5.8 billion expected by analysts surveyed by StreetAccount. More specifically, mobile ad revenue was up 81 percent year-over-year, the company said.
Monthly active users hit 1.71 billion during the quarter, also topping the 1.69 billion estimate from StreetAccount. Daily active users hit 1.13 billion, above the 1.11 billion expected.
Shares of Groupon soared more than 25 percent in extended trading following the company's second-quarter earnings release. The local commerce marketplace reported a loss of 1 cent per share on revenue of $756 million, beating analysts' estimates of a loss of 2 cent per share on revenue of $711 million.
North American gross profits increased 10 percent year-over-year for a third consecutive quarter of double digit year-over-year growth.
Groupon also reported customer growth acceleration of nearly 1.1 million incremental active customers. The company increased its full year guidance to a range of $3 billion to $3.1 billion.