Shares in Facebook owner Meta fell 20 percent in U.S. premarket trade on Thursday after the social media giant issued a dismal forecast, blaming Apple’s privacy changes and increased competition. The shock drop, which comes before Amazon earnings later in the day, spilled over to Europe where technology led sectoral fallers with a decline of […]
Search results for "social media platform"
You can be forgiven for thinking that Web3 or Web 3.0 is just another trendy buzzword that lets tech companies sell you the same product slightly upgraded under a cool new façade. For one thing, there is no official definition for Web 3, just a collection of parameters that classifies its general qualities, functions, and […]
When Microsoft unveiled its plans to acquire gaming titan Activision Blizzard on January 19, the tech scene was swift away with one newsflash. A deal, if it came to fruition, could be commemorated in Microsoft’s history as the first stone that pathed its way into the Metaverse. The $75 billion deal’s announcement was led by a 15-minute […]
The House’s assigned Committee to investigate the January 6th Capitol riot issued subpoenas to question four tech giants concerning their platform’s role in endorsing the attach and its causes. Alphabet Inc., Meta Platforms Inc., Reddit Inc., and Twitter Inc. were subpoenaed by the committee following what it considered an insufficient collaboration when it came to providing […]
In the upcoming days, the gaming world will witness an altering event as Take-Two Interactive Software Inc. announced plans to acquire Zynga Inc in a $12.7 billion deal. The deal, which would heighten Zynga Inc’s valuation, also incorporated that the gaming firm’s shareholders will also get compensation of almost $9.68 per share owned by the […]
Ex-TikTok video moderator is accusing parent company, ByteDance, of failing to take care of their employees’ mental wellbeing against a nearly endless barrage of traumatic footage viewed and filtered out daily throughout long working hours. Candie Frazier was subjected to viewing hours of disturbing content, including mass shootings, animal mutilation, child rape, suicide, cannibalism, gang violence, murder, […]
In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs in his country, there hasn’t been a massive attack like the one last May that resulted in gasoline shortages. But that’s small comfort to Ken Trzaska. Trzaska is president of Lewis & Clark Community College, […]
The line of cars started forming at dawn. It was early November in Greenville, North Carolina, and drivers waited in a line that stretched for miles to pick up Thanksgiving turkeys — 10,000 free frozen birds to anyone who asked. Who was behind this act of holiday kindness? A community foundation, perhaps? Or a food […]
The U.S. Federal Trade Commission will launch a thorough examination into Meta’s scheme to acquire the famous Virtual Reality (VR) fitness platform Supernatural, according to The Information. The investigation highlights only one aspect: antitrust watchdogs have officially initiated their scrutiny on Meta – formerly known as Facebook – for its heavy investments into its latest […]
British antitrust regulators are opening an investigation into Microsoft’s $16 billion acquisition of speech recognition company Nuance in the latest sign they’re tightening scrutiny of big technology deals. The Competition and Markets Authority said in a brief statement Monday that it’s looking into the purchase because of concerns that it could result in a “substantial […]