Search results for "META"

Telecom Events 2022: The Groundwork for a Booming 2023

2022 was a booming year for telecom conventions and events as the world became more comfortable with the new normal set by the COVID-19 pandemic. As a result, everyone was trying to get back into the swing of things. Throughout 2022, several telecom events brought experts and enthusiasts up to speed on what is going […]

Here's What Twitter Lost in Advertising Revenue in Final Months of 2022

Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge on October 27, according to the […]

Factbox-Tech Firms, Wall Street Lead Job Cuts in Corporate America

Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]

U.S. To Lend Ioneer $700 Million for Nevada Lithium Mine

The U.S. Energy Department said on Friday it will lend ioneer Ltd up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden’s plan to develop a domestic electric vehicle supply chain. Ioneer shares were up 16.3 percent at $16.30 on Friday afternoon in […]

TikTok CEO Seeks to Reassure on EU Rules on Privacy, Child Safety

TikTok Chief Executive Shou Zi Chew on a visit to Brussels on Tuesday sought to reassure the European Union the app would respect the bloc’s increasingly stringent tech rules and commitments to privacy and child safety. The short-video app, which is owned by Chinese technology conglomerate ByteDance, has for the last three years worked to […]

Wall St. Starts the Year with a Dip; Apple, Tesla Shares Drag

Wall Street’s main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve’s interest-rate hiking path as they awaited minutes from its December meeting. Shares in electric vehicle maker Tesla Inc closed down 12 percent after hitting their lowest level […]

Startups Spring from Ashes of Big Tech Purge

Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to startup accelerator Y […]

Equities Fall on Risk Aversion with 2023, China Reopening in Focus

Equity indexes closed lower on Wednesday while U.S. Treasury yields rose as investors eyed 2023 with caution and weighed hopes for an economic boost from China’s relaxed COVID-19 restrictions against concerns about rising infections there. The yield on benchmark U.S. 10-year Treasuries rose for a third straight day, reversing an earlier decline as investors watched […]

A Strive Toward Cyber Resilient Nations: A Cybersecurity Ecosystem

With the world’s accelerated industrial and technological revolution, countries are increasingly adopting intelligent digital solutions to fortify their frameworks, be it economic, sustainable, or even security. With the world’s interconnection, the fusion of development is amplifying, and with this upsurge, the global embrace of technological means has reached new pinnacles. Technologies such as Artificial Intelligence […]