Earlier this week, Google-owned company Youtube banned prominent anti-vaccine accounts to strengthen its policies on misinformation around vaccines. According to the search giant, it will ban misinformation on all vaccines confirmed to be safe by the WHO and local health authorities. Since the beginning of the pandemic, social media firms have announced that they’re trying …
According to American consulting firm AlixPartners, the semiconductor chip shortage now cost the global automotive industry $210 billion in revenue in 2021. Remarkably, the forecast is almost double its previous projection of $110 billion in May. AlixPartners published an initial forecast of $60.6 billion in January when the automakers had to cut production at plants. …
Chip Shortage to Cost the Car Industry $210bn in Revenue Read More »
According to the latest news, Amazon plans to hold a beauty products event to attract early holiday shoppers in October. The move also aims to boost the firm’s position in a booming category. Remarkably, a presentation sent to select beauty brands revealed Amazon is currently planning the event for October 4-25. Additionally, the same information …
Amazon Will Hold a Beauty Products Event in October 2021 Read More »
On September 12, Fortnite game maker Epic Games announced that it intends to appeal its antitrust case against Apple. The news came after a federal judge handed down a mixed decision on Friday. Meanwhile, the judge on Friday reported that Apple would have to loosen some rules on developers. However, the ruling favored the tech-giant Apple on …
The latest data showed that sales of new energy vehicles at BYD, a Chinese manufacturing company, quadrupled in the previous month from a year earlier. Remarkably, demand for electric cars continues to increase in the world’s largest auto market. The company announced that it sold 61,409 new electric vehicles last month, compared with 15,283 a …
BYD’s Sales Quadrupled in August from A Year Earlier Read More »
TikTok’s parent company ByteDance has made its first step into virtual reality (VR) by buying a VR headset maker start-up called Pico. Remarkably, the financial details of the deal had not been revealed. ByteDance announced that Pico’s comprehensive suite of software and hardware technologies and the talent and deep expertise of the team would assist …
TikTok Owner ByteDance Acquired a Start-Up Called Pico Read More »
According to the latest data, Facebook traded at $272.41 on September 15, which rose by 2.36% from the previous day’s price. The company’s previous close was $266.1, and the beta (5y monthly) reads 1.28, with the day’s price range being $269.30 – 274.52. Moreover, Facebook has a 12-month trailing PE ratio of 34.76. In terms …
Investors Could Take Advantage of And Scoop up Facebook Stock Read More »
According to the latest news, the world’s largest carmaker, Toyota, cut vehicle production by 40% in September because of the global microchip shortage. As we know, the company had planned to make nearly 900,000 cars next week. However, the giant carmaker has now reduced that to 540,000 vehicles. Furthermore, German firm Volkswagen has warned it …
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