The city of New York, led by Mayor Eric Adams, has recently taken a decisive step by filing a lawsuit against major social media platforms. TikTok, Instagram, Facebook, Snapchat, and YouTube all face allegations of causing significant harm to the mental health and well-being of young adults and children. This groundbreaking lawsuit highlights the concerns
Enterprise
Waymo, Alphabet’s self-driving vehicle unit, made headlines with its recent voluntary recall notice for software used in its driverless cars. This marked the first time that Waymo had taken such action, demonstrating a willingness to prioritize safety and address potential issues proactively. The decision to recall the software was made after the company consulted with
Shopify, the Canadian e-commerce company, experienced a sharp decline in its shares on Tuesday morning following the release of its fourth-quarter earnings report. While the company delivered better-than-expected results for the quarter, its mixed guidance for the current period raised concerns among investors. This article will analyze the key highlights of Shopify’s earnings report and
When it comes to cloud services, Amazon Web Services (AWS) has long been regarded as the leader in the field. However, in recent years, Microsoft Azure has been rapidly closing the gap. While exact revenue figures for Azure are not disclosed, analysts estimate that it has grown to about three-quarters the size of AWS, compared
China’s semiconductor industry has been making significant advancements, defying U.S. sanctions that aim to slow down its progress. However, there are still major challenges that China faces in its pursuit of self-sufficiency in chip manufacturing. The long-term viability of its latest advancements is being questioned. This article explores China’s chipmaking capabilities, the impact of U.S.
Bitcoin has made a remarkable surge in the past week, breaking through the $47,000 level for the first time in nearly two years. This upward movement in price has caught the attention of investors and analysts, as the cryptocurrency market sees a resurgence of positive sentiment. The flagship cryptocurrency rose by over 4% to reach
Adyen, the prominent European online payments giant, experienced a significant surge in its shares following the release of its 2023 annual letter. The company reported robust sales growth and exceeded profit expectations for the year. This positive outcome was met with enthusiasm from shareholders, as Adyen successfully addressed concerns about its spending on expanding its
The online advertising market is showing signs of recovery, but the spoils are far from evenly distributed. Meta, the parent company of Facebook and Instagram, surprised investors with strong fourth-quarter earnings, while Snap, its smaller rival, fell short, causing a significant drop in its stock. Meta’s ad business grew by 24% compared to the previous
Bitcoin mining company CleanSpark is set to expand its operations by acquiring new mining facilities. The acquisition will provide CleanSpark with the necessary power and infrastructure to potentially double its hashrate within the first half of the year. The announcement of the acquisition caused CleanSpark’s shares to rise by almost 9%, with a peak increase
Just a year ago, industry insiders were painting a grim picture of the digital ad market. Susan Li, the finance chief of Meta, warned analysts that the struggling industry would remain in a slump due to weak advertising demand and the uncertain global landscape. This sentiment was echoed in Google’s earnings call, where their ad