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Robinhood may have taken this decision to halt trading to avoid an anxiety surge amongst traders and to mitigate the volume of losses that they incur.
Meta plans to increase its capital expenditures in AI by next year. These funds will help the company focus on research and development in artificial intelligence, which is expected to play a crucial role in its future growth.
The coalition involves multiple tech sectors, cutting across social media, cryptocurrency, finance, and dating apps.
NVIDIA’s robust financial outlook further fueled optimism, with the company forecasting first-quarter revenue of $24 billion, surpassing analysts’ estimates of $22.2 billion.
Soon after the earnings call on Wednesday, April 24, the META share price stumbled nearly 19% wiping out more than $200 billion in the company’s market cap.
Forrest vowed to continue his fight and advocate for legal reform to hold foreign-owned social media platforms accountable.
Telegram has achieved a significant milestone by surpassing 900 million monthly active users. Speculation about the launch of an IPO has arisen, fueled by Telegram’s meteoric rise and financial progress.
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
Some tech giants such as Netflix, Meta, and Amazon may now be offering around $900,000 for workers to develop AI models.
Adyen reported net revenue of €1.62 billion for 2023, up 22 percent YoY, fueled by continued growth in the customer base amid an expanding team of employees.
Two years ago, crypto advertisers occupied the top ad spots at Super Bowl. But the FTX debacle has pushed them out of the game making way for traditional businesses.
Several AI tokens recorded gains in 24 hours after the company posted good figures for the 2023 full year and Q4.
Reality Labs reported a total revenue of almost $1.9 billion in 2023, with more than half coming from sales of its Meta Quest 3 mixed reality headset which was released early in Q4.
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
While all three major indexes rose, the S&P 500 hit a new record barely a week after setting a previous one.