Inside the Billionaire Exodus
As the market scales dizzying heights, a wave of high-profile figures is seizing the opportunity to offload hefty chunks of their company shares. From tech titans to financial moguls, the sell-off frenzy is hitting head...
Unleashing AI Potential
In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO).
Leading financial institutions, including Barclays, Goldman Sac...
Meta Platforms Stock Upgraded
TD Cowen analyst, John Blackledge, has upgraded the rating of Meta Platforms Inc., the parent company of Facebook, from market perform to outperform. Along with this upgrade, he has raised the target price to $345 from ...
Instagram and Twitter
Meta Platforms Inc.'s Instagram has unveiled Threads, a new app designed to compete directly with Twitter. This move presents the most serious threat yet to Elon Musk's struggli...
DELL staffing
Dell, one of the world's largest computer makers, has announced planned layoffs of 6,650 people due to a slump in demand for personal computers. It was announced by Bloomberg on Monday.
According to its data, the company's staff will ...
Staffing at major tech companies
Amazon, Meta, Alphabet and Microsoft will collectively spend more than $10bn due to massive layoffs and other austerity measures. The Financial Times reported this on Friday, citing earnings reports.
It said the com...
After the stock plunge
The fortune of Mark Zuckerberg, the head of Meta Corp. on Thursday decreased by $11 billion after a significant drop in the company's shares on the back of the publication of i...
Company against the word 'metaverse'
Apple CEO Timothy Donald Cook says the word 'meta-universe' is still misunderstood by the vast majority of the world. He said this in an interview with the Dutch news agency Bright.
"I always think it's importan...
Shares of US companies
Shares in Nike (NYSE: NKE) fell more than 11% after the world's largest sportswear maker warned its gross margins would remain under pressure for the year.
Meta Platforms (NASDAQ: META) shares rose 0.3% after Facebook's owner...
Meta and Apple
In a recent speech to his staff, Mark Zuckerberg described Apple as Meta's main rival in the meta-universe race. The announcement appeared on The Verge's website. Zuckerberg believes that whoever win...
Opening of trading
Key indices opened Tuesday's trading on the New York Stock Exchange up 0.8-1.2%.
The Dow Jones Industrial Average rose 347.39 points (0.99%) to 35,303.28 in the first minutes of trading.
The S&P 500 index gained 37.47 points...
Top companies in the world
Meta's capitalisation fell to $565bn at the end of yesterday's trading, putting it in 11th place.
Meta (formerly Facebook) has dropped out of the world's top 10 companies by market capitalisation, according to Bloomberg c...
Mark Zuckerberg in 12th place
Meta founder Mark Zuckerberg has slipped to 12th on the list of the world's richest people, amid a decline in his company's share price on Thursday. This is according to Forbes' real-time billionaire ranking.
His fortu...
Meta Platforms report and shares
Shares in Meta Platforms (FB), formerly Facebook, which has lost 10% in the past six months, fell 22.9% in after-hours trading on Wednesday after the social media giant released a disappointing 20...
Market today
US stock indices were volatile in the early hours of Wednesday morning before the opening of trading on Wall Street, with both the Nasdaq and S&P technology indices rising most of the night, but the Dow Jones rising late into the ni...
Cryptocurrency project
Meta (the owner of Facebook) sold its Diem project (formerly Libra) to Silvergate Bank. The corporation planned to launch its own cryptocurrency under this struc...
Following the release of minutes from the Fed
The Nasdaq Composite index collapsed as much as 3.34% and the S&P 500 by 1.94% in one trading day on Wednesday, as stocks fell sharply following the release of the December Fed meeting...
CES-2022
An unmanned tractor controlled by artificial intelligence, a smart door and bed and thousands of other technological innovations were unveiled at the Consumer Electronics Show (CES) in the US. It opened on Wednesday and runs until January 7...
Meta and Giphy
US company Meta has applied for a review of the UK Competition and Markets Authority's (CMA) decision to sell animated image service Giphy in order to comply with antitrust l...
Twitter shares
Shares of (TWTR) rose for the first time (up 5.7%) on Monday following news of Jack Dorsey's departure and new CEO Parag Agrawal. Cathie Wood's Ark Invest fund bought 1.1 million shares in Twitter following the management change. Here...
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