Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 4.6 percent in extended trading. The company said it expects third-quarter revenue to fall to […]
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Google search ads lifted parent Alphabet Inc close to Wall Street sales expectations on Tuesday, sending shares up on relief that the world’s biggest seller of online advertising may withstand a global recession better than smaller rivals. A trio of Alphabet executives sounded caution on a call with investment analysts, using “uncertain” or “uncertainty” at […]
Canada’s Shopify Inc is laying off 10 percent of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand. Its shares tumbled 14.7 percent on the U.S. bourses and on the Toronto Exchange, they shed 14 percent on Tuesday, pulling […]
What is GTE technology, and why are tech moguls betting big on it? GTE technology stands for Global Token Exchange. If you are remotely familiar with the potential of financial freedom that the advent of blockchain-enabled finance has to offer, then those words should give you goosebumps. Billionaires do not get to their level of […]
Big tech companies agreed on Monday to reduce harmful online content in New Zealand, making a move that critics said dodged the alternative of government regulation. Meta Platforms Inc, Alphabet-owned Google, TikTok, Amazon.com Inc and Twitter had signed a code of practice, said Netsafe, a government-funded internet-safety group. The companies would follow the code as […]
If you reside in a rural area of India, waiting for the beta version of Starlink to be offered, you are aware firsthand that many people lack access to cable or fiber internet options, let alone the gigabit services that are available in some regions of the country. Indian citizens have voiced their concern about […]
In the near future, users of the direct picture editing on Microsoft Edge might soon be allowed via the right-click menu. When the most recent Microsoft Edge Canary version becomes available, the functionality will be a downloadable A/B testing option. Leopeva64-2, a Reddit user, shared their use of the feature on the site, demonstrating how it […]
Social media, the internet, and other digital tools, which were once hailed as great forces for human empowerment, connectivity, and liberation, have quickly come to be seen as a serious threat to democratic stability and human freedom. Social media platforms are demonstrating the potential to exacerbate risks such as authoritarian privacy violations, partisan echo chambers, […]
Two currents that are said to revolutionize the digital world are the Metaverse and Web 3. Elon Musk, the world’s richest man, is not a fan of either. As the CEO of SpaceX and Tesla, Elon Musk’s take on the Metaverse was made quite clear in his interviews and tweets. He couldn’t envision a compelling use-case […]
Big tech companies such as Meta (Facebook), Google, Amazon, Twitter, and others have always tried to keep their algorithms close to their hearts. At the end of the day, these long stretches of code are main contributors to the company’s revenue streams. Whether it is in marketing, advertisement selection, recommendation, search optimization, or other functionalities, […]