Robinhood Halts 24 Hour Trading after Intense Market Volatility
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 Reports $4.5B Loss on Metaverse Business in Q2 2024
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.
Coinbase and Major Tech Giants Unite to Form ‘Tech Against Scam’ Coalition
The coalition involves multiple tech sectors, cutting across social media, cryptocurrency, finance, and dating apps.
Nvidia Stock Now Toppling Gold as Viable Inflationary Hedge
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.
Meta’s Reality Labs Reports $3.85B Loss in Q1 2024, META Stock Tumbles 19%
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.
Australian Prosecutors Drop Criminal Case against Meta over Crypto Scam Ads
Forrest vowed to continue his fight and advocate for legal reform to hold foreign-owned social media platforms accountable.
Telegram Approaching Profitability and Considering IPO after Surpassing 900 Million Users
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.
Tech Industry Sheds 34,250 Jobs as Companies Embrace AI Innovation
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.
AI Technology: Pros and Cons as Shared by Experts
Some tech giants such as Netflix, Meta, and Amazon may now be offering around $900,000 for workers to develop AI models.
Adyen Stock Gained over 20% After Reporting Better than Expected 2023 Financial Results
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.
Super Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads
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.
AI Tokens Rise Following News of Meta Platform’s Positive Quarterly and Full-Year Figures
By
Tolu Ajiboye
Several AI tokens recorded gains in 24 hours after the company posted good figures for the 2023 full year and Q4.
Meta’s Reality Labs Reports $1B Revenue and $4.65B Losses in Q4 of 2023
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.
Dow, Nasdaq, S&P 500 Had Their Worst Trading Days Since Last Year as Fed Signals No Rate Cuts
By
Tolu Ajiboye
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
S&P 500 Hits New Record Close as Market Awaits Wall Street Earnings and Fed Decision on Interest Rates
By
Tolu Ajiboye
While all three major indexes rose, the S&P 500 hit a new record barely a week after setting a previous one.