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
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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
The tech industry has long been known for its rapid growth and continuous expansion. However, recent trends indicate a shift in this narrative, with tech companies now embracing the idea of shrinking in order to mature and satisfy their shareholders. This article will explore the changing landscape of the tech industry, focusing on the examples
As the race for artificial intelligence (AI) dominance continues to intensify, U.S. chip giant Advanced Micro Devices (AMD) is placing its bets on AI-powered personal computers (PCs) to take on formidable rivals including Nvidia and Intel. In an exclusive interview with CNBC, Victor Peng, the president of AMD, expressed his confidence in the expanding market
During a Senate hearing held by the Judiciary Committee, tech executives from social media companies faced a barrage of criticism from lawmakers regarding their failure to protect children from sexual exploitation on their platforms. The emotional and tense hearing brought numerous accusations and demands for accountability. However, despite the outrage, the market does not seem
In a recent development, a Delaware judge has invalidated the $56 billion pay package of Tesla CEO Elon Musk, citing the company’s board of directors’ failure to demonstrate the fairness of the compensation plan. The news of this decision had a noticeable impact on Tesla’s share price, which dropped approximately 3% in after-hours trading. As
OpenAI and Common Sense Media have joined forces in a new initiative aimed at educating teens on the safe and responsible use of artificial intelligence (AI). This collaboration seeks to develop AI guidelines and educational materials that cater to the needs of children, educators, and parents. By working together, OpenAI and Common Sense Media aim