Media giants are facing challenges on all sides, according to recent filings. TV networks like Fox (FOX, FOXA) and Comcast (CMCSA) are struggling as linear ad revenue enters a "free fall." Streaming also remains unprofitable for the majority of players, including Paramount (PARA), Disney (DIS), and Apple (AAPL), as costs rise and subscriber growth stalls. Yahoo Finance Senior Reporter Alexandra Canal joins the Live show to discuss media players' dilemma. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
An AI-powered ecosystem may revive Apple's growth story, but a daring electric vehicle never will.
Apple has reversed a decision to block web apps in the European Union that bypass its 30% App Store fees by selling subscriptions directly through their websites, the company said on Friday, after the move invited scrutiny from regulators. It had cited complex security and privacy concerns as reasons behind its decision to remove the so-called home screen web apps, which can be launched as a standalone app on a device. The apps are expected to return to iPhones with the iOS 17.4 update in early March, Apple said in a post on its website.