U.S. Stock Market Surges on Election Day As the U.S. presidential election commanded national attention on Tuesday, investors sent the stock market upward with notable gains. The major indexes reflected confidence in the economy’s resilience and an eagerness for political clarity. This performance hints at an optimism that extends beyond just Election Day, shaping expectations […]
Meta Triumphs in Major Shareholder Lawsuit: A New Dawn for the Social Media Giant? In a significant victory for Meta Platforms, the tech titan has successfully defeated a high-profile shareholder lawsuit, sending ripples through the financial and tech communities. The lawsuit, which accused the company of mismanagement and failing to safeguard investor interests during a […]
Design Issues Resolved, But Not Without Consequences Nvidia, the titan of graphics processing units and artificial intelligence, has successfully addressed a significant design flaw affecting its Blackwell AI chips, as confirmed by CEO Jensen Huang on Wednesday. This resolution comes after close collaboration with Taiwan Semiconductor Manufacturing Company (TSMC), Nvidia's trusted manufacturing partner. Despite this […]
In today's changing work environment, teamwork plays a role in keeping companies competitive. Using the tools and strategies can greatly boost collaboration and productivity. One popular solution that has emerged in recent years is the adoption of workplace alternatives. These innovative platforms enable teams to communicate seamlessly, streamline management, and collaborate effectively on projects. What […]
Facebook-owner Meta has reportedly halted the development of its smartwatch which was initially scheduled to be released in spring 2023. It had been in development for around two years. Like other smartwatches, it would feature activity tracking and music playback, but would also be linked to Meta’s platforms and would have a dual camera, setting […]
Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings. Meta’s stock plunged 26%, erasing over $200 billion in the largest-ever single-day market value wipeout for the US […]
According to MetaMetric Solutions, real estate sales on the four major metaverse platforms hit $501 million in 2021 while sales in January 2022 topped $85 million. At this pace, MetaMetric Solutions projects that sales could reach almost $1 billion this year. The recent surge in sales was sparked by Facebook’s October announcement that it was […]
In a blog post, Zuckerberg said that the metaverse, a concept that combines the physical world with the digital world via virtual and augmented reality, requires “enormous” computing power. Meta’s AI supercomputer, nicknamed the “AI Research SuperCluster” (RSC), is already the fifth fastest in the world, according to the company. Meta researchers have said they […]
Ark Invest, which was founded by millionaire investor Cathie Wood in 2014, bought 197,259 shares in the Meta stock. The shares are estimated to be worth $63.83 million. On Friday, shares of the company closed 2.1% higher at $323.57 per share, with Meta set to change its stock ticker from FB to MVRS from December […]
The company said the new name would better encompass what it does as it expands its reach beyond social media and focuses on areas such as virtual reality (VR). While the name change will not apply to the company’s individual platforms, such as Facebook, WhatsApp, and Instagram, the rebrand has nonetheless prompted backlash. The move […]
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