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 […]
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Microsoft Corp on Tuesday forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit. The outlook soothed concerns about growth sparked by results for the December quarter, which initially dragged on Microsoft’s shares in after-hours trade. But the shares reversed course following the outlook, trading […]
Snap Inc is speeding up its global expansion in countries from Mexico to Japan through tie-ups with wireless carriers and highlighting its popular augmented reality features, the company told Reuters. The parent company of the Snapchat photo messaging app is leaning on its relative safety during a period when social media platforms such as Meta’s […]
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernization of its telecoms systems, boosting the use of cloud technology to offer 5G and low-latency data services to professional customers. In collaboration with the U.S. tech giant, Telenor will develop product offerings for selected industries, including manufacturing, […]
Wall Street’s main indexes were set to open lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after posting its quarterly profit below expectations. Two-year Treasury yields, which track short-term rate expectations, crossed 1 percent for the first time since February 2020 amid traders […]
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 […]
The European Union plans to legislate in the coming months to require technology companies to do more to tackle child sexual abuse, beefing up current voluntary arrangements, a top official said in a newspaper interview. EU Home Affairs Commissioner Ylva Johansson told Germany’s Welt am Sonntag that internet service providers and social media firms had […]
In its intraday trading on Monday, Apple became the first to reach a $3 trillion valuation when its shares hit $182.86 per share, followed by a dire drop below its milestone, as the company seeks out to fortify its capital reign on the market. The Big Tech giant welcomes the new year with hopes of […]
India’s competitions watchdog, the Competition Commission of India (CCI), is launching an investigation into Apple’s business practices for the alleged abuse of its dominant market position in the Indian app market, violating antitrust laws. This move comes after a non-profit group, “Together We Fight Society,” accused the tech giant of forcing app developers to abide […]
Chinese Telecommunications company Huawei Technologies Co Ltd unveiled its 2021 revenue expectations to drop by almost 30 percent as it fights off U.S. sanctions. In a letter sent to its employees on Friday, Huawei’s rotating chairman Guo Ping said that the revenue for 2021 is estimated to reach $99.48 billion. This marks a 28.9 percent […]