Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Netflix projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast. […]
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Australia and Britain will “fight back” against cyber attacks from China, Russia, and Iran, defense minister Peter Dutton said ahead of consultations with Britain in Sydney. Australia’s defense and foreign affairs ministers will meet with Britain’s defense secretary Ben Wallace and foreign secretary Liz Truss on Friday for the annual Australia-United Kingdom Ministerial Consultations (AUKMIN). […]
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernization of its telecoms systems, boosting the use of cloud technology to offer 5G and low-latency data services to professional customers. In collaboration with the U.S. tech giant, Telenor will develop product offerings for selected industries, including manufacturing, […]
With every new generation of technological innovation must come an evolution of hardware that brings it to life. Today’s Metaverse hardware is where cell phones were in the 1970s. Big, clunky, primitive, and barely useful enough for most people to bother buying. Fortunately, the incentive is high, the funding is even higher, and companies are […]
Make no mistake, the Metaverse is already here. It has been here for a while. No, it doesn’t look like what movies would have you believe, and it doesn’t involve people wearing headsets or augmented reality (AR) glasses at the office – yet – but it is here. Every time you see someone doing a […]
Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions. Fed Governor Lael Brainard became the latest and most senior U.S. central banker on Thursday to signal that […]
Venture capital dealmaking in the United States reached an all-time high in 2021 at nearly $330 billion, buoyed by excess liquidity and an accommodative monetary policy, according to a report from PitchBook and the National Venture Capital Association. Venture capital firms ramped up bets on technology, biotech, healthcare and fintech sectors, announcing a record 17,054 […]
The godfather of all cryptocurrencies is starting the new year with a significant tumble potentially hitting a death cross, as Bitcoin fell by almost six percent, hitting below $40,000 for the first time since 2012, according to Bloomberg. Bitcoin hit its all-time low on New York trading, delivering a loss of approximately 14 percent. The asset’s value plunged […]
Google uncovered plans to bring forth an open-source application programming interface (API) standard called Ripple Project that would help bring multi-functional small chips to various devices, including electric vehicles (EV). Since 2015, Google openly revealed that it was entering the gates of chip-making with its tiny radar chips that can keep score of sleep schedules, […]
Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is aiming […]