Technology

Social media giant Snap, developer of Snapchat, posted a second-quarter net loss of $422 million, or an adjusted loss of 2 cents per share, on revenue of over $1 billion.

T-Mobile is paying $350 million to settle lawsuits surrounding a data breach that affected more than 76 million customers.

Amazon's "Rings of Power" has become the most expensive television show ever created, totaling $465 million for the "Lord of the Rings" spin-off series' first season.

SpaceX has launched 46 Starlink satellites into orbit in California. The satellites came from a Falcon 9 rocket that took off out of the Vandenberg Space Force Base.

Here is a FOX Business roundup of the companies that have either laid employees off or halted or slowed hiring.

A new U.S. Public Interest Research Group (PIRG) report has determined that the number of spam texts have increased more than tenfold in the last year and a half.

In response to the news that Musk's deal was being partially blamed, the billionaire tweeted "I'm rubber, they're glue."

Traders will be looking at the quarterly results from Snap and the reasons behind a big stocks drop, while Mattel beat expectations, yet shares fell.

People living in more rural parts of the United States may soon have to wait longer for their deliveries after FedEx announced it is cutting back its Sunday deliveries in some areas.

The Feeds tab, which allows users to prioritize posts from friends, groups and Pages, will launch globally over the next week. CEO Mark Zuckerberg announced the news Thursday.

By the end of 2022, Amazon and Rivian's electric delivery vans will hit the road in more than 100 cities.