Shares in Robinhood Markets Inc, the brokerage at the center of last year’s retail trading frenzy, slipped to a record low on Thursday after it posted a 43 percent fall in first-quarter revenue and a decline in monthly active users. Shares of the Menlo Park, California-based firm dropped more than 12 percent to $8.83 in […]
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Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy’s contraction in the first quarter. The Facebook parent surged 17.6 percent after the social network reported a larger-than-expected profit and rebounded from a drop in users. […]
Samsung Electronics Co Ltd said on Thursday it expects firm data centre demand for high-margin memory chips to continue in the second half, but warned component shortages will likely persist as well. The world’s top memory chip and smartphone maker said underlying server chip demand appears “relatively solid” as companies boost investments and look to […]
Newcomers to the crypto and NFT space often overestimate how complicated it is to participate in the buying, selling, and trading of cryptographic tokens. Although each investment is unique, the basics of investing are usually the same. Whether it’s a piece of art, stocks, cryptocurrency, or buying an NFT for the first time, you need […]
Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc. Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk […]
Twitter Inc is poised to accept billionaire Elon Musk’s “best and final” $43 billion takeover offer, people familiar with the matter told Reuters on Monday. This comes on the heels of Musk announcing that he had secured $46.5 billion in debt and equity financing for the deal. Earlier in April, the social media company had […]
Star stock-picker Cathie Wood’s Ark Invest this week snapped up shares of pandemic darlings including Roblox Corp, Roku Inc and Zoom Video Communications that have fallen out of favor this year. The asset manager’s flagship ARK Innovation ETF has slumped 43% this year, lagging far behind the S&P 500’s 7.7% decline as the prospect of […]
Swedish prosecutors have opened a preliminary investigation in to alleged bribes paid by telecom giant Ericsson in Iraq, Swedish news agency TT said on Wednesday, quoting the prosecutor Leif Gorts as saying. “Yes, I can confirm that, but I can not go into more detail about what it concerns as it has just begun,” Gorts […]
Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning deliveries would be postponed until next month. China has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to […]
When the world was first hit with its COVID-19 case and the news hastily spread, global populations were hit with the pandemic whiplash, bursting into their comfort zones and breaking all bounders of normality. For the tech industry, however, this was not the case. As businesses were closing doors, Big Tech giants were embracing the […]