Communications Services Flat After Wave of Deal Activity - Communications Services Roundup
Communications services companies were more or less flat following a wave of deal activity in the sector.
Thomson Reuters's news site has been free for consumers since 1995, but the publishing firm, which generates most of its revenue from legal publications and other analysis, now plans to put Reuters.com behind a paywall.
CNN has similar plans for its Web site. A former Jacksonville Jaguars employee who embezzled more than $22 million from the team is suing FanDuel, alleging that the betting company fueled his fantasy-sports spending and ignored his gambling addiction.
New Mexico accused social-networking firm Snap of giving priority to growth over safety and failing to effectively address or disclose design features that make its platform a haven for abuse and sextortion, in which predators solicit explicit photos and then use them to blackmail the sender.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 01, 2024 17:37 ET (21:37 GMT)
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