Apple Inc. was toppled aside from its throne as the world’s most valuable public company by Big Tech fellow, Microsoft, after the iOS developer’s market share fell on Friday by almost 2 percent. The fluctuation arises from Apple’s financial report for the fiscal year 2021, revealing unusual results – despite failing to meet Wall Street’s earnings expectations […]
Technology
The U.S. national security panel has launched an examination into Tencent’s acquisition of UK-based gaming company Sumo Group, exposing the Chinese giant to ferocious scrutiny. Earlier in July, Tencent Holdings’ $1.27 billion acquisition of Sumo Group granted the conglomerate an 8.75 percent stake in the British company. Sumo is deemed a prominent video gaming maker […]
On Thursday, the U.S. Senate voted unanimously on legislative approval to halt Huawei and ZTE’s plans from obtaining additional equipment licenses from watchdogs. Chinese tech firms Huawei Technologies Co Ltd and ZTE Corp took their latest punch from regulatory authorities in a supplementary attempt to impose harsher legislation on Chinese operations in the U.S., under […]
The rippling effect the global chip shortage inflicted on Big Tech firms manifested into Apple’s fourth quarter (Q4) revenues, reporting in a $6 billion loss that could potentially delay manufacturing plans, according to CEO Tim Cook. The Big Tech titan revealed Thursday its financial report for the fiscal year 2021, failing to accommodate Wall Street expectations, an outcome heavily attributed to […]
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 […]
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 […]
Australia’s parliamentary joint committee on corporations and financial services vocalized concerns around Apple’s business conduct in relation to prohibiting NFC chips incorporated into its device from being utilized for Apple Pay. Australian banks are required to deliver a monetary fee to the iOS developer to obtain access to its Apple Pay feature. In parallel, numerous […]
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 […]
U.S. Big Tech legion seems to be torn between two economic powerhouses. In a battle for dominion between the East and the West, Big Tech companies are forfeiting from the Chinese market to prevent getting caught in the conflict, except for Apple, according to the BBC. Last week, Microsoft announced news of shutting down its professional […]