Cisco shares surged approximately 8% on Thursday, marking their best day since March 2020. This spike came after the computer networking company disclosed that it would be reducing its workforce by 7%. Additionally, Cisco reported quarterly results that exceeded analyst expectations, prompting Morgan Stanley analysts to describe the results as better than anticipated. Cisco announced
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A group of federal lawmakers from both sides of the aisle recently sent a letter to Meta CEO Mark Zuckerberg expressing their deep concern regarding the company’s failure to prevent illicit drug advertisements from proliferating on its platforms, including Facebook and Instagram. According to reports from The Wall Street Journal and the nonprofit Tech Transparency
Financial technology firm Klarna recently announced its move into the banking sector with the launch of new products aimed at disrupting traditional retail banking. This article critically analyzes Klarna’s latest offerings and their potential impact on the fintech industry. Klarna is introducing a checking account-like product called “balance” and a cashback feature to incentivize users
Recently, U.S. District Judge Reed O’Connor recused himself from overseeing X’s lawsuit against advertisers after it was revealed that he owned shares of Tesla. The judge made this decision on August 13th, leaving the case against the World Federation of Advertisers filed by X, formerly known as Twitter, in limbo. The reasons behind O’Connor’s recusal
In a recent notice of violation, Elon Musk’s SpaceX has been found to repeatedly release pollutants into or near bodies of water in Texas. This notice, issued by the Texas Commission on Environmental Quality (TCEQ), specifically focuses on the company’s water deluge system at its Starbase launch facility. This violation follows a previous notice from
The European Commission recently issued a warning to X Corp. owner Elon Musk and CEO Linda Yaccarino regarding the spread of illegal content, including incitements to violence and hate speech, on their social media platform. This warning comes in response to recent events in the United Kingdom and the planned broadcast of a live conversation
The tech industry suffered a great loss with the passing of former YouTube CEO Susan Wojcicki at the age of 56. Wojcicki, who also played a significant role in Google’s early days, was a trailblazer for women in Silicon Valley. She led YouTube for almost a decade, making her one of the few female CEOs
In a surprising move, Venezuelan President Nicolas Maduro issued a 10-day ban on the social networking platform X, citing violations of the country’s laws. The ban came after a heated exchange with tech mogul Elon Musk, who accused Maduro of election fraud. Maduro vs. Musk The feud between Maduro and Musk escalated when Musk called
In a recent CNBC report, analysts raised the possibility of Apple introducing a subscription model for its advanced artificial intelligence features, potentially charging users between $10 and $20 per month. The move aims to enhance the growth of Apple’s services business, which has proven to be a lucrative venture for the tech giant. With the