AT&T acquires $23 billion in low-band and mid-band spectrum from EchoStar, significantly enhancing its 5G and home internet services across the U.S., driving long-term growth, and reinforcing its leadership in advanced connectivity.
Baidu Q2 2025 revenue fell 4% to RMB 32.7B due to weak ads. Non-online marketing, driven by AI Cloud, grew 34%. Baidu pushes AI (ERNIE 4.5, MuseSteamer, Apollo Go global expansion), but faces economic downturn & rivals.
In Q2, Pinterest's revenue beat expectations, but its profit missed them. User growth in the US and Canada, Pinterest's most lucrative market, was flat, causing a 12% drop in stock. Although AI tool adoption improved, changes to a "de minimis" exemption impacted ad spending.
Snap's Q2 revenue missed estimates due to an ad platform glitch & policy changes. User growth and Snapchat+ remain strong points.
Amphenol acquires CommScope's CCS for $10.5B cash, bolstering its AI data center connectivity. CommScope uses proceeds to cut debt & pay shareholders. Closes H1 2026.
Spotify is increasing Premium subscription costs by €1 in many non-US markets. This aims to improve margins and fund product innovation following recent financial results.
