The turmoil surrounding Silicon Valley Bank (SVB) also gripped Friday stock exchange trading in New York. The important lender for start-ups in the tech sector, among others, has run into financial problems due to the rapidly rising market interest rates. The SVB Financial Group share continued the free fall in […]
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The European Union and the United States are putting pressure on Twitter. The European Commission has told CEO Elon Musk that Twitter must hire more staff for moderation. The Federal Trade Commission reports that it is intensifying an ongoing investigation into Twitter in the US. Both the Financial Times and […]
Tesla lost market value in early Wall Street trading on Wednesday. Investors are very cautious and eagerly await the Master Plan 3 that CEO Elon Musk will announce in a briefing session with investors later today. Master Plan 2 dates back to 2016, and the vision of the future with […]
The American manufacturer of electric cars, Tesla, opens a factory in northern Mexico, the Mexican head of state Andrés Manuel López Obrador announced. The factory is being built in the industrial city of Monterrey. According to López Obrador, Tesla CEO Elon Musk makes a significant investment in the Latin American […]
Facebook mother Meta has created a new production team to integrate hip technology into products such as Instagram, Facebook and WhatsApp. That writes CEO Mark Zuckerberg in a post. ‘Initially, we want to focus on building creative and expressive tools. In the longer term, we can also develop AI personas […]
PayPal is working on its own virtual currency but is currently on hold as a partner of the company is under investigation by the authorities. PayPal supports (only in the US) a number of cryptocurrencies for payments, but the company is also working on its own stablecoin. This is a […]
Yahoo is going to lay off more than 1,600 people, 20 percent of its workforce. Remarkably, it does so for strategic reasons, not financial problems. Yahoo plans to lay off 1,000 people this week and another 600 later this year. In total, approximately 8,500 people work for the company. The […]
Alphabet, Google’s parent company, lost $100 billion in value on Wall Street. This happened after a disappointing presentation of a new AI program called Bard. Google’s announcements about its AI plans don’t seem to have the desired effect. Google has been one of the frontrunners in the development of artificial […]
The assets of Mark Zuckerberg, CEO of Facebook parent Meta Platforms, made a record jump of $ 12.5 billion on Thursday. That happened after Zuckerberg announced at the publication of the quarterly results that 2023 would be a “year of efficiency” for Meta. After the publication of the figures, Meta […]
At NetApp, eight percent of employees are fired. This was announced by the CEO of the American storage company, George Kurian, this week. NetApp will cut staff as part of “planned efforts” to reduce spending and cope with economic challenges. The global layoffs are expected to be phased in gradually […]
