Elon Musk tweeted that his $44-billion deal for Twitter Inc was “temporarily on hold” on Friday while he waits for data on the proportion of its fake accounts, sending shares in the social media platform plunging. Tesla CEO Musk, who added that he was still committed to the acquisition, decided to waive due diligence when […]
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The financial technology (FinTech) ecosystem is witnessing a power shift, one never seen before in the financial sector. To maintain its growth, the industry must impose a strategic power on the sector by implementing the right solutions and insights into the banking sector to fulfill its growth ambitions by optimizing financial institutions’ guidance and support. […]
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China. […]
Is this it? Are we seeing the downfall of NFTs? Is the craze over? Can teenagers go back to working part-time instead of netting fortunes flipping Devious Ducks and Greedy Gorillas? Can the world return to normal, please? Well, the answer is a little bit more nuanced than a simple yes or no, but mostly, […]
Apple supplier Foxconn warned that current-quarter revenue for its electronics business including smartphones could slip as growth slowed amid rising inflation, cooling demand and escalating supply chain issues partly due to lockdowns in China. The Taiwanese firm, the world’s largest contract electronics maker, has grappled with a severe shortage of chips like other global manufacturers, […]
If you are reading this, you may have had a particularly nasty argument on a Twitter feed, tested automation tools, or been a particularly annoying troll on Twitter. If you are noticing less activity on your page, fewer likes on your Tweets than usual, or if you’re sensing something strange happening to your account in […]
The U.S. stock market is off to brutal start in 2022. The S&P 500, which is widely considered to be the main benchmark for U.S. stock market performance, declined 13.3 percent through April, the steepest four-month drop to start any year since 1939. The index continues to fall in May and was down 16 percent […]
Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen better days, could be a catalyst for South Korea’s bid to break China’s dominance of critical minerals and stake its claim to the raw materials of the future. The mine in Sangdong, 180 km southeast of Seoul, is being brought […]
The word “metaverse” is the most popular in the worldwide tech market today. Big tech companies worldwide are racing for a piece of the virtual pie that analysts expect will be worth trillions. Companies Developing the Metaverse are concentrating on creating new technologies and features that will allow users to communicate with one another more […]
The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4 percent on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates. The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3 […]