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Top Metaverse Stocks to Buy in 2022

By the end of 2024, the worldwide metaverse market is expected to be worth $800 billion. The best way to multiply your wealth is to get in early, and as an investor, you, of course, want to hop on the bandwagon and ride the wave of profits that comes with this new and emerging industry […]

Tech Firms say India Cyber Rules Risk Creating 'Environment of Fear'

Indian cybersecurity rules due to come into force later this month will create an “environment of fear rather than trust”, a body representing top tech companies has warned the government, calling for a one-year delay before the rules take effect. The Internet and Mobile Association of India (IAMAI), which represents firms including Facebook, Google and […]

EU Acted Like a Fishing Trawler in Antitrust Data Searches, Meta Lawyer Says

Meta Platforms Inc on Wednesday compared searches by EU antitrust regulators to a fishing super trawler as watchdogs investigate the owner of Facebook’s data and online marketplace. Meta says it has already handed over more than a million documents to the European Commission since its first request in 2019 regarding its Facebook Marketplace, social networking […]

JPM says Meta will Become Broadcom's next Billion-Dollar Customer

Facebook parent Meta Platforms Inc will use Broadcom Inc’s custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and […]

Airbnb to Shut Domestic Business in China from July 30

Vacation rental company Airbnb Inc will shut down all listings and experiences in mainland China from July 30, it said on Tuesday, joining a long list of Western internet platforms that have opted out of the Chinese market. The company made the announcement on its official WeChat account without elaborating on the reasons behind the […]

Will Augmented Reality be our Reality?

In the near future, what we know about technology could be drastically shifted to take a new, more fresh turn. And some of the leading advocates of this change are the companies working on rising techs. Technologies such as virtual reality (VR) and augmented reality (AR) are expected to be the pillars shaping the needed […]

SoftBank Seen Posting Bruising Vision Fund Loss on Tech Sell-Off

Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential. With the technology investor poised to post full-year earnings, comments from founder and Chief Executive Masayoshi Son […]

Britain to Give New Tech Regulator Statutory Powers

Britain will give statutory powers to a new technology regulator so it can enforce pro-competition rules and prevent tech giants including Google and Facebook from using their dominance to push out smaller firms and disadvantage consumers. “The government will introduce legislation to put the Digital Markets Unit on a statutory footing in due course,” the […]