The dwindling fortunes of Facebook has seen parent company Meta lose its position as one of the US top 20 companies ranked by market cap.
The last six months have been an experience of back and forth on the deal for both Elon Musk and Twitter.
During a conference call, Mark Zuckerberg explains that his metaverse strategy is beyond the company’s current effort to develop its virtual reality business.
While Elon Musk was delaying his Twitter buyout offer, a Delaware judge gave him a period until the 28th of October to close the deal
Rishi Sunak succeeds Liz Truss to become the next British Prime Minister. The crypto community celebrates Sunak’s pro-crypto stand while serving as the Chancellor in the Boris Johnson government.
Stock traders and investors look poised for a bountiful week of earnings as they await a major interest rate decision from the Fed.
Just like the positive bullish growth in the rest of the Asian Pacific market outside of China and Hong Kong, the United States stock market also ended its last trading session in the green.
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.
The social media company said it remains optimistic about its long-term opportunity amid its community growth.
The resignation move is something investors and market stakeholders were impressed about as shown in the current growth of the British Pound which has been on a freefall for the better part of the past few weeks.
With the growing inflation in the UK, many consumers are already planning a conservative holiday season according to a survey from McKinsey & Company.
Netflix wrote in its fiscal Q3 earnings announcement that it is “optimistic” about its new advertising business.
Following strong earnings reports from several financial companies, the Dow Jones Industrial Average is currently rallying.
The majority of companies that have released their performance reports have shown that the economic meltdown was born as a result of soaring inflation.
The British economy was unsettled when former Finance Minister, Kwasi Kwarteng announced a broad-based tax cut without a corresponding revenue source to cushion the cuts and help sustain the economy.