Mark Zuckerberg declared virtual reality the next frontier to drive Facebook’s growth a year ago. But there hasn’t been much of it so far. The company’s stock price has dropped, revenues are down, and profits are down. On Wednesday, the… Read More ›
Entrepreneurship
Apple Announces It Will Adhere To EU Law, iPhones To Get USB-C Charging
According to Apple’s marketing chief, the company will have to comply with a European Union law that requires electronic devices to use a common charging standard known as USB-C. “Obviously we’ll have to comply,” Greg Joswiak, Apple’s senior vice president… Read More ›
Meta And Microsoft’s Metaverses Cannot Self-Regulate, According To A UK Regulator
The head of the United Kingdom’s media regulator, Ofcom, has warned that “metaverse” forays by tech titans such as Meta and Microsoft will be subject to new rules requiring platforms to protect users from online harms. Speaking at a policy… Read More ›
Australian Govt Cybersecurity Firm Says Insurers Are Paying Off Hackers For Stolen Data
Corporate insurers regularly pay hackers a ransom in exchange of stolen customer data, according to a top Australian government cybersecurity provider, as the country’s largest health insurer revealed the scope of a recent breach on Tuesday. The claim from Macquarie Telecom… Read More ›
Merger Of Ethereum Made Mining Of Cryptocurrency More Sustainable
After years of anticipation, the cryptocurrency ethereum has finally implemented a significant network upgrade that fundamentally alters how the blockchain verifies transactions, mints new coins, and secures its network. This system, known as proof-of-stake, has reduced ethereum’s energy consumption by… Read More ›
Tesla Reduces China Prices By Up To 9%, As Analysts Caution Of A “Price War”
Tesla has reduced starting prices for its Model 3 and Model Y cars in China by up to 9 per cent, reversing an industry-wide trend of increases amid signs of weakening demand in the world’s largest auto market. The price… Read More ›
Tesla Sales Increase But Fall Short Of Expectations
Tesla is facing supply shortages, logistics bottlenecks, and rising costs as it rapidly ramps up production of its electric vehicles. While the issues have improved in recent months, they continue to be immediate challenges, according to Tesla’s financial update for… Read More ›
Tesla’s Elon Musk Believes Current Recession Could Continue Until 2024
Elon Musk, CEO of Tesla Inc, believes a recession will continue until the spring of 2024, he tweeted on Friday, after initially saying this week that “a sort of recession” in China and Europe was weighing on demand for its… Read More ›
Britain’s Fast Fashion Retailer ASOS Will Revamp Its Business Model Following Slump In Profits
ASOS, the British company that was once regarded as the poster child for the shift to online fashion retailing, is set to overhaul its business model after the economic downturn and a thread of operational issues that severely hit its profits. While ASOS’s… Read More ›
Despite Overpaying, Musk Is Excited About The Twitter Deal
Elon Musk expressed excitement on Wednesday about his pending acquisition of Twitter Inc, despite the fact that he and other investors were overpaying for the social media company. Musk, Tesla’s CEO, was responding to a question during a conference call… Read More ›
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