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Elon Musk is once again richer than Mark Zuckerberg: Facebook parent Meta's hundred-billion-dollar market cap loss has cost Zuckerberg, while Musk's Tesla stock ...
qz.com/elon-musk-richer-than-mark-zuckerbrg-tesla-meta-earning-1851438236
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Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
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Meta's open source AI is a blow to Google and OpenAI: Mark Zuckerberg is ruining the market for his competitors with his open source strategy. Investors doubt ...
nzz.ch/technologie/facebook-konzern-meta-verschenkt-seine-kuenstliche-intelligenz-eine-kampfansage-an-google-und-openai-ld.1827392
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
DJT Stock Rises. Trump Media Ramps Up Fight Against Short Sellers.: Trump Media, the parent of the Truth Social platform has written to the chair of the Nasdaq ...
barrons.com/articles/djt-stock-price-donald-trump-media-truth-social-1d639bdf
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Meta Gets EU Warning Over Use of Sexual Orientation Data: Meta Platforms Inc.’s Facebook should be blocked from exploiting public information on a users’ sexual ...
bloomberg.com/news/articles/2024-04-25/meta-gets-eu-privacy-warning-over-use-of-sexual-orientation-data
Stock market today: GDP growth weaker than expected to start the year: The US economy grew at an annualized rate of 1.6% in the first three months of the year ...
markets.businessinsider.com/news/stocks/stock-market-today-q1-gdp-sp500-earnings-meta-microsoft-alphabet-2024-4
Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
cnbc.com/2024/04/25/dow-drops-more-than-600-points-on-inflation-and-growth-concerns-live-updates.html
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Threads reportedly has more daily active users than Twitter: Mark Zuckerberg's plan to overtake Elon Musk's X with Threads is slowly bearing fruit ...
t3n.de/news/threads-hat-angeblich-mehr-taeglich-aktive-nutzer-als-twitter-1621284/
Tesla vs. Meta earnings prove the power of Musk's word despite failed promises: Elon Musk managed to turn around Tesla's stock slide with a couple promises.
businessinsider.com/tesla-meta-earnings-prove-power-of-musk-word-despite-promises-2024-4
Wall St loses over 1% amid fading rate-cut hopes: Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S ...
reuters.com/markets/us/futures-falter-meta-platforms-weighs-megacaps-2024-04-25/
DJT Stock Slips. Why Trump Media Doesn’t Trade Like Other Social-Media Companies.
barrons.com/articles/djt-stock-price-trump-media-truth-social-fbe03407
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Stock Markets Today: Anglo American, yen, Meta, bank earnings: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-25/stock-markets-today-anglo-american-yen-meta-bank-earnings
Meta could face further squeeze on surveillance ads model in EU: Meta’s tracking ads business could be facing further legal blows in the European Union: An ...
techcrunch.com/2024/04/25/meta-ads-data-retention-ag-opinion/
Green skills: we need educational reform in renewable energy: Despite the rapid expansion of green job opportunities globally, only a small fraction of the ...
weforum.org/agenda/2024/04/green-skills-gap-educational-reform-renewable-energy/
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
‘If told to break encryption, we go’: WhatsApp to Delhi High Court: "As a platform, we are saying, if we are told to break encryption, then WhatsApp goes ...
financialexpress.com/business/express-mobility/auto-technology/if-told-to-break-encryption-we-go-whatsapp-to-delhi-high-court/3469414/
Tiktok against US ban law: What chances the company has: The company wants to sue against a prohibition law. It has a good chance - also because the competition ...
faz.net/aktuell/wirtschaft/mehr-wirtschaft/tiktok-gegen-us-verbotsgesetz-welche-chancen-das-unternehmen-hat-19677175.html
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Change in weather after a nice weekend: It's getting wet and cold: Symbolic image: It won't work at the weekend without an umbrella. But it's getting warm like ...
waz.de/staedte/article242095822/Wetterwechsel-nach-schoenem-Wochenende-Es-wird-nass-und-kalt.html
Changes in May 2024: Higher flight taxes, AI rules for Facebook and Instagram: There will be changes for car buyers and train drivers in the new month ...
zeit.de/geld/2024-04/aenderungen-mai-2024-steuer-fluege-ki-regeln-meta
Stock market week: heavyweights put to the test: This week, Meta and Deutsche Bank took a look at the books. BASF had to overcome some turbulence ...
faz.net/aktuell/finanzen/boersenwoche-schwergewichte-auf-dem-pruefstand-19681118.html
Söder meets Gottschalk to eat bratwurst - and sends cryptic message: A true Franconian summit: Markus Söder and Thomas Gottschalk met at a secret location to eat ...
infranken.de/lk/franken/soeder-trifft-gottschalk-zum-bratwurstessen-und-sendet-kryptische-botschaft-art-5862497
Rishi Sunak promised to make AI safe. Big Tech’s not playing ball.: A ‘landmark’ AI testing deal hailed by the UK leader is being shunned by the emerging tech’s ...
politico.eu/article/rishi-sunak-ai-testing-tech-ai-safety-institute/
Facebook Scams Demand Stricter Online Rules, Japan Lawmaker Says: Japan must implement laws to better regulate companies like Meta Platforms Inc ...
bloomberg.com/news/articles/2024-04-26/facebook-scams-demand-stricter-online-rules-japan-lawmaker-says
Meta sued in Japan over investment ads with fake celebrity endorsements - The Mainichi
mainichi.jp/english/articles/20240425/p2g/00m/0na/041000c
The Dow drops 375 points on low economic growth, high inflation, and weak tech earnings
qz.com/dow-jones-stocks-gdp-inflation-tech-earnings-1851435533
Facebook parent company: Meta disappoints with outlook: The world's largest social network wants to become "the world's leading AI company ...
faz.net/aktuell/wirtschaft/unternehmen/facebook-mutterkonzern-meta-enttaeuscht-mit-ausblick-19676946.html
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OpenAI co-founder sees huge potential to catch up with AI competition after Llama 3 launch
t3n.de/news/openai-llama-3-training-ki-1621199/
Meta sued in Japan over celebrity investment scams: Four scam victims in Japan sued Facebook on Thursday after being hoodwinked by fraudulent online investment ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/25/meta-sued-in-japan-over-celebrity-investment-scams
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