BUSINESS - Page 8

Within the Business category, you can find the most recent news, reports, studies, and articles pertaining to Business.

6 December, 2023 - 7:35 pm (8 hours ago)

BUSINESS

Meta faces €550 million lawsuit from Spanish media group AMI

Meta Platforms Inc, the parent company of Facebook, Instagram, and WhatsApp, is confronted with a significant legal challenge in Spain, where it faces a €550 million lawsuit filed by AMI, an association

STARTUPS·Cybersecurity

Vanta has made significant strides in enhancing corporate security with AI-driven tools and services

In a rapidly evolving digital landscape, Vanta Inc., a cybersecurity compliance startup, has taken significant strides in enhancing organizational security through its AI-driven tools and services. The company’s latest suite of advanced reporting and testing tools, revealed at VantaCon 2023,

6 December, 2023 - 7:05 pm (9 hours ago)

Foretellix secures $42 million to advance autonomous vehicle safety

BUSINESS·TECHNOLOGY

Foretellix Ltd., an innovative simulation automation startup, has recently announced a significant milestone in its journey, securing $42 million in funding. This investment, led

Mark Zuckerberg cashes in on stock surge

BUSINESS

Mark Zuckerberg, the CEO of Meta Platforms Inc, recently executed a significant sale of Meta shares, valued at nearly $185 million. This strategic move,

McMahon Sells Major Shares in Wrestling Powerhouse Merger

10 November, 2023 - 8:55 pm (26 days ago)

BUSINESS

In a significant move shaking the wrestling world, Vince McMahon, the iconic figure behind WWE, is set to offload a substantial portion of his shares in TKO, the conglomerate formed by the

NWSL has a $240 Million Media Deal

10 November, 2023 - 8:23 pm (26 days ago)

BUSINESS

In a groundbreaking development for women’s sports, the National Women’s Soccer League (NWSL) has announced a monumental media rights deal. This four-year contract, valued at a staggering $240 million, is set to

Satellite Partnership Shakeup: Qualcomm-Iridium Deal Collapses

10 November, 2023 - 7:52 pm (26 days ago)

BUSINESS

In a surprising turn of events, the ambitious partnership between Qualcomm and Iridium for satellite-to-phone services has come to an abrupt end. This termination, announced less than a year after its much-publicized

Sky High Tourism and Disney’s Strategic Pivot Fuel Economic Drama

10 November, 2023 - 2:02 pm (27 days ago)

FINANCE

In an unexpected twist, the skies have become a playground for the affluent, with Virgin Galactic‘s latest earnings report revealing a surge in revenue and a narrower loss per share than anticipated.

Amazon Grocery Delivery for All: A New Era of Convenience

10 November, 2023 - 1:29 pm (27 days ago)

BUSINESS·TECHNOLOGY

Amazon has announced that it is making grocery delivery and free pickup available to all customers in all U.S. cities and towns where Amazon Fresh is available for Prime members. This service

Why is the Tumblr Team Downsizing?

10 November, 2023 - 10:53 am (27 days ago)

SOCIAL MEDIA·BUSINESS

Tumblr, once a bustling hub of social media creativity, has been pared down to a bare-bones operation. An internal memo from Automattic, the site’s parent company, starkly states that Tumblr has not

Apple Settles for $25 Million in Job Bias Case

10 November, 2023 - 10:10 am (27 days ago)

BUSINESS·TECHNOLOGY

Apple Inc., the tech giant known for its innovation, has reached a settlement with the U.S. Department of Justice, agreeing to pay $25 million over claims of employment discrimination. This settlement marks

Upstart Tanks, Apple Mixed as Tech Faces Challenges

9 November, 2023 - 8:58 pm (27 days ago)

FINANCE

Upstart Holdings Inc., a consumer lending platform that uses artificial intelligence to assess borrowers’ creditworthiness, reported third-quarter earnings results that fell short of analyst expectations. The company’s revenue of $134.6 million missed

Virgin Galactic Shifts Focus to Next-Gen Spacecraft, Temporarily Pausing Spaceflight Operations

9 November, 2023 - 7:53 pm (27 days ago)

BUSINESS

In a strategic move to prioritize the development of its next-generation Delta-class spacecraft, Virgin Galactic has announced plans to temporarily halt its spaceflight operations in mid-2024. This decision comes as the company

Disney Boosts Profits and Announces Further Cost Cuts

9 November, 2023 - 7:20 pm (27 days ago)

BUSINESS

In a move that signals a renewed focus on financial discipline, Disney has unveiled plans to slash expenses by an additional $2 billion, building on its previous commitment to cut $5.5 billion

Snap’s Strategic Layoffs During Adverse Market Conditions

9 November, 2023 - 4:16 pm (27 days ago)

BUSINESS·SOCIAL MEDIA

In a pivotal shift for the social media landscape, industry giant Snap has recently undergone a significant reorganization, resulting in the dismissal of nearly 20 product managers. This strategic move is part

European Court of Justice to Reexamine Apple’s €13 Billion Tax Bill

9 November, 2023 - 1:46 pm (28 days ago)

BUSINESS

In a significant development in the long-running Apple tax saga, the Advocate General of the European Court of Justice (ECJ) has recommended that the EU Commission’s €13 billion tax order against Apple

Embattled Cruise Scrambles to Regain Trust and Avert Layoffs

9 November, 2023 - 12:54 pm (28 days ago)

TECHNOLOGY·BUSINESS

Cruise, the self-driving car subsidiary of General Motors, is facing an existential crisis following a series of public safety failures and regulatory scrutiny. The company is now scrambling to regain trust and

Alteryx Triumphs but Peloton Struggles in Market Turbulence

8 November, 2023 - 6:42 pm (28 days ago)

FINANCE

The tech landscape has witnessed a dramatic shift as Alteryx Inc. carves its path to profitability, demonstrating resilience in a fluctuating market. Despite an initial plunge in stock prices following its first-quarter

Rivian Signals Upward Trajectory with Q3 Highlights

8 November, 2023 - 4:36 pm (28 days ago)

FINANCE

Rivian Automotive‘s third quarter painted a promising picture as the electric vehicle maker delivered a performance that exceeded Wall Street‘s forecasts, signaling a positive shift in its operational trajectory. The company announced

Datadog’s Performance Surges on Strong Q3 Results and Elevating Market Confidence

8 November, 2023 - 3:38 pm (29 days ago)

Cybersecurity·FINANCE

Datadog Inc., the cloud-scale monitoring and analytics platform, has become a highlight in the tech sector with its latest financial revelations. Exceeding market expectations, the New York-based company reported a 25% increase

Ubisoft Montreal Sheds 98 Jobs in Global Restructuring Move

8 November, 2023 - 12:22 pm (29 days ago)

GAMING·BUSINESS

Amid a wave of global corporate restructuring, Ubisoft Montreal, a leading light in the gaming industry, has confirmed the layoff of 98 staff members, emphasizing the volatility of the tech and gaming

Questioning Beverage Giants’ Complete Recycling Claims

7 November, 2023 - 6:40 pm (29 days ago)

BUSINESS

The integrity of recycling claims by beverage heavyweights Coca-Cola, Danone, and Nestle has come under scrutiny following a legal challenge spearheaded by consumer and environmental advocates. This complaint, lodged with the European

Dish Network Reports Losses, Shifts Focus to 5G Future

7 November, 2023 - 5:34 pm (29 days ago)

FINANCE

Dish Network Corp. faces a challenging quarter as it reports a significant drop in earnings and revenues, diverging from Wall Street’s expectations. The satellite provider disclosed a loss per share of $0.26,

Uber Navigates Q3 with Profitable Growth Despite Earnings Miss

7 November, 2023 - 3:33 pm (30 days ago)

BUSINESS

As the economic landscape continues to shift, Uber has reported a third quarter that reflects both the challenges and the resilience of the tech giant. Despite not meeting analyst expectations for earnings

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