Scharon Harding / Ars Technica: Reddit announces that its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally  —  Reddit says its “communities are naturally commercial.”  —  Reddit has made it clear that it’s an ad-first business. Lees verder op Tech Meme

Ashley Capoot / CNBC: Meta’s stock drops 15%+ after hours on weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments  —  Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results. Lees verder op Tech Meme

Annie Palmer / CNBC: Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”  —  Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Lees verder op Tech Meme

Yoolim Lee / Bloomberg: SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022  —  Sales at the world’s No. 2 maker of memory more than doubled to 12.4 trillion won ($9 billion) in the March quarter, beating expectations. Lees verder op Tech Meme