Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the ” metaverse.” But the social network itself will still […]
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The small, four-seat pod glides above the sands of a test track in Sharjah in the United Arab Emirates, a futuristic transit solution promoted by a Belarusian firm that hopes to secure contracts here in the near future. Inviting journalists to see their test track Thursday, firm uSky showed off what they described as an […]
Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Zuckerberg calls the “metaverse.” Skeptics point out that it also appears to be an attempt to change the subject from the Facebook Papers, a leaked document trove so dubbed by a […]
Qatari telco, Ooredoo Group, released on Wednesday its 2021 third quarter (Q3) revenue report, marking a 3 percent increase in a fiscal year. The Qatari multinational telecom firm reported a rising revenue margin touching an estimate of $6 billion for the nine months ending in September, an augmentation referenced to increasing growth in the country’s […]
The reports of hateful and violent posts on Facebook started pouring in on the night of May 28 last year, soon after then-President Donald Trump sent a warning on social media that looters in Minneapolis would be shot. It had been three days since Minneapolis police officer Derek Chauvin kneeled on the neck of George […]
European Union regulators opened an investigation Wednesday into graphics chipmaker Nvidia’s $40 billion purchase of chip designer Arm over concerns it would limit competition, adding to global scrutiny of the deal. The European Commission said it’s concerned the combined company would have the ability and incentive to restrict access to technology from United Kingdom-based Arm […]
The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots. Ford’s net income of $1.83 billion fell 23% from a year ago, while GM’s profit dropped 40% to $2.4 billion. High prices, mainly for the […]
A major U.S. data-storage equipment provider violated U.S. export rules by continuing to sell hard-disk drives to Huawei Technologies Co. after the Commerce Department tightened export restrictions last year, a report by a group of Senate Republicans claimed. The report released by the Republican minority staff of the Senate Committee on Commerce, Science, and Transportation […]
Robinhood, the platform that was once the raging crypto trading application, marked on Tuesday shares drop below its initial public offering (IPO) valuation after trading hours as revenues fell with key cryptocurrencies, such as Dogecoin. The trading site is witnessing a change in its winds, as its long trail of investors are holding back their […]
Growth in Microsoft’s cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share. Microsoft profits have soared throughout the pandemic thanks […]