Elon Musk proposed to purchase Twitter for $42.00 billion in a filing published on Thursday. He said that the social media giant needs to be private to become a platform for free speech. The offer came after he revealed a 9.10% stake in the company, making him the second-largest shareholder. Musk made the bid in …
Stripe will partner with major companies, including Alphabet and Meta, to fund $952.00 million in spurring the carbon-capture market. The online payments provider announced the creation of Frontier. It is an advanced commitment to permanent carbon removal from firms that develop the technology. Accordingly, the initiative will be a wholly-owned subsidiary of Stripe. Meanwhile, …
Stripe works with major tech toward carbon capture Read More »
On Thursday, Samsung Electronics anticipated a 50.00% jump in the first-quarter operating earnings as solid demand underpinned prices for memory chips. The world’s largest memory chip and smartphone maker expected a Q1 profit of $11.66 billion. This estimate came in higher than the market consensus of $10.90 billion. At the same time, it edged up …
Samsung Electronics forecasts 50% jump in Q1 profit Read More »
On Thursday, Alphabet-owned Google announced to halt advertisements that exploit, dismiss, or condone the ongoing crisis between Russia and Ukraine. The American internet giant emphasized that it will not help websites, apps, and YouTube channels that will not comply. The company operates through advertising software that helps publishers generate revenue. Correspondingly, it cited that it …
Google suspends ads that exploit Russia-Ukraine war Read More »
On Friday, Australia sued Meta Platforms over scam advertisements on Facebook that falsely include prominent figures. Accordingly, the country’s consumer protection agency stated that the adverts endorsed investment in cryptocurrency or money-making schemes. The fraud also featured well-known Australians, including former New South Wales premier Mike Baird and businessman Dick Smith. Subsequently, scammers convince users …
Foxconn, a major Apple Inc. supplier, announced on late Wednesday that it would partially resume production in Shenzhen, China. Accordingly, the Taiwanese company would use a bubble arrangement to resume production until Sunday. The campuses will operate through a closed-loop management system, a setting requested by the local government. Accordingly, this protocol, used during the …
On Tuesday, Tesla Inc. raised the prices of its electric vehicles in China and the United States, the second increase in less than a week. Subsequently, the Chinese Model Y Long-Range vehicle now costs $58,952.68. It added $2,822.60 from its March 10 value, when its price went up by $1,568.16. Likewise, the price tag of …
On late Wednesday, Amazon.com Inc. announced that the company board approved a 20-for-1 stock split, its first divide since 1999. Accordingly, the e-commerce giant anticipated the split to go into effect on June 6. Considering its Wednesday close, the cost of each stock would go from $2,785.58 to $139.28. Then, each existing holder would get …
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