Technology News

Facebook surpassed earnings estimates but fell 5%. Why?

Facebook Surpassed Earnings Estimates but Fell 5%. Why?

The shares of the tech giant, Facebook, fell 5% after the firm called for revenue growth to slow in the quarters ahead. However, the social media company reported second-quarter reports, which came in ahead of estimates. Facebook reported earnings of $3.61 per share, adjusted, while analysts anticipated $3.03 per share. The revenue of Facebook in …

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chinese tech, Following technology trends

Chinese Tech Titans are Snapping Up Gaming Studios

Although the U.S. and Japan were dominating the gaming spaces for decades, the latest news shows that China’s influence is growing. Chinese tech giants snap up gaming studios across the world. According to some experts, video games could look a little different in the following years as a result. Experts are wondering whether the Chinese …

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Twitter's revenue saw the fastest surge since 2014 

Twitter’s Revenue Saw the Fastest Surge Since 2014 

Stocks of Microblogging’ system Twitter increased after the company reported on Thursday second-quarter earnings that came stronger than analysts had expected. Twitter announced earnings of 20 cents per share, while Wall Street estimated 7 cents. The social media giant’s revenue was 1.119 billion versus $1.07 billion, as expected by analysts polled by Refinitiv. Twitter reported Monetizable …

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Xiaomi overtakes Apple and becomes No 2 smartphone maker

Xiaomi overtakes Apple and becomes No 2 smartphone maker

According to analyst company Canalys, Chinese smartphone gigant Xiaomi was the second-largest smartphone maker in the second quarter of 2021, overtaking Apple. Lei Jun, Xiaomi CEO, posted on Weibo on Thursday, saying that he has incredibly good news to share. He informed his followers that Xiaomi’s phone shipments surpassed Apple and became world’s second-biggest smartphone …

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Didi's rivals try to chip away its market share

DiDi’s Rivals Try to Chip Away Its Market Share

As we know, DiDi Global Inc.’s ride-hailing services removal from app stores in China has spooked riders and drivers. Meanwhile, rivals are trying to chip away at the company’s market share as DiDi faces a crackdown from regulators. Remarkably, DiDi Global, a Chinese vehicle for hire firm, is a leader, holding 90% of the market. …

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Samsung reported a likely 53% rise in Q2 operating profit

Samsung Reported a Likely 53% Rise in Q2 Operating Profit

On July 7, Samsung Electronics, a South Korean multinational electronics firm, reported a likely 53% rise in second-quarter operating profit. The firm beat market expectations with the help of good chip prices and demand despite lower smartphone sales. According to the several data, it is up 33% from the first quarter. Samsung reported that a …

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