SHANGHAI, Jan 30 (Reuters) – China’s smartphone sales suffered a record slump in 2022, falling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped appetite of consumers, according to data from third-party research companies. The total number of devices shipped was 286 million, down from 329 million in …
China smartphone sales in 2022 plunge to lowest level in a decade Read More »
Outage affects Microsoft Azure cloud platform for hours Several Microsoft services, including Teams and Outlook hit Microsoft says most customers now have service restored Shares down 3.2% Jan 25 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it had recovered all of its cloud services after a network outage took down its Azure cloud platform …
Microsoft cloud outage hits users around the world Read More »
Jan 24 (Reuters) – Paranoid? The domino drop of FTX and other crypto custodians is enough for the most confident investor to grab their bitcoin and stuff it under the mattress. In effect, holders large and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. …
Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens on track for biggest daily gain since November Indices up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led by tech stocks as investors embarked on an earnings-heavy week …
Wall Street surges, propelled by the technological rebound Read More »
Jan 23 (Reuters) – Spotify Technology SA said on Monday it planned to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to massive layoffs across the technology sector in preparation for a possible recession. The tech industry is facing falling demand after two years of …
Spotify to cut 6% of its workforce in latest tech layoffs Read More »
Jan 22 (Reuters) – Spotify Technology (SPOT.N) is planning layoffs as early as this week to cut costs, Bloomberg News reported on Sunday, joining Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) which recently cut thousands of jobs. The report, which cites sources, says the number of jobs cut was not specified. Spotify did …
Spotify to Lay Off Workforce This Week – Bloomberg News Read More »
WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data …
Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants …
Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI Read More »
Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, topped by a market rout with the likes of exchange FTX and from the BlockFi lender. Genesis Global Capital, one of the largest crypto lenders, froze client redemptions on November 1. 16 after FTX stunned the financial …
Genesis crypto lending unit files for bankruptcy in the US Read More »
NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the …
Here’s what Twitter lost in ad revenue in the final months of 2022 Read More »