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Technology

Technology

Apple employee who defrauded company of millions sentenced to three years in prison

CFOTO | Future Publishing | Getty Images A former Apple employee who swindled the company out of more than $17 million with a scheme that double-billed...

by admin April 28, 2023
Apple employee who defrauded company of millions sentenced to three years in prison
Technology

Microsoft is betting its future on cloud gaming — but that’s what tripped up the Activision deal

Microsoft has invested huge amounts of capital and time into making cloud gaming a core part of its gaming offering. Peter Summers | Getty...

by admin April 28, 2023
Microsoft is betting its future on cloud gaming — but that's what tripped up the Activision deal
Technology

The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable

Social audio platform Clubhouse announced Thursday that it was laying off half its staff in order to “reset” the company. It shouldn’t come as...

by admin April 27, 2023
The pandemic drove Clubhouse to a  billion valuation that never looked sustainable
Technology

Snap plunges on first-quarter revenue miss

Snap shares dropped as much as 20% after hours on Thursday as the company reported first-quarter results that missed analysts’ expectations on revenue. Here’s...

by admin April 27, 2023
Snap plunges on first-quarter revenue miss
Technology

Intel reports largest quarterly loss in company history

Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio,...

by admin April 27, 2023
Intel reports largest quarterly loss in company history
Technology

Amazon stock dips as uncertain cloud outlook overshadows revenue beat

Amazon reported better-than-expected revenue on Thursday, but the stock’s initial pop was wiped out after executives raised concerns of ongoing weakness in cloud growth. Here...

by admin April 27, 2023
Amazon stock dips as uncertain cloud outlook overshadows revenue beat
Technology

Samsung’s profit plunged 95% amid weak memory chip demand

Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) Joan Cros |...

by admin April 27, 2023
Samsung's profit plunged 95% amid weak memory chip demand
Technology

Chinese retailers helped lift Meta’s first-quarter sales in a tough online advertising market

Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta can thank Chinese...

by admin April 26, 2023
Chinese retailers helped lift Meta's first-quarter sales in a tough online advertising market
Technology

Meta’s Reality Labs records $3.99 billion quarterly loss as Zuckerberg pumps more cash into metaverse

An avatar of Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on...

by admin April 26, 2023
Meta's Reality Labs records .99 billion quarterly loss as Zuckerberg pumps more cash into metaverse
Technology

Amazon starts layoffs in HR and cloud units: Read the memos announcing the cuts

20 hours ago “It is a tough day across our organization,” Selipsky wrote in the memo. The layoffs are part of the previously announced...

by admin April 26, 2023
Amazon starts layoffs in HR and cloud units: Read the memos announcing the cuts
Technology

China’s EV players are starting to compete on driver assist tech

Huawei’s co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech. Bloomberg |...

by admin April 26, 2023
China's EV players are starting to compete on driver assist tech
Technology

Alphabet authorizes $70 billion buyback

Sundar Pichai, chief executive officer of Alphabet Inc. Kyle Grillot | Bloomberg | Getty Images Google parent company Alphabet said on Tuesday that its...

by admin April 25, 2023
Alphabet authorizes  billion buyback
Technology

Alphabet reports revenue and earnings beat for first quarter

Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images an hour ago Here are the key numbers: Earnings: $1.17 per share vs....

by admin April 25, 2023
Alphabet reports revenue and earnings beat for first quarter
Technology

Microsoft reports earnings beat, says A.I. will drive revenue growth

Microsoft shares rose 9% in extended trading on Tuesday after the software maker issued fiscal third-quarter results and quarterly guidance that exceeded analysts’ predictions....

by admin April 25, 2023
Microsoft reports earnings beat, says A.I. will drive revenue growth
Technology

Coinbase sues SEC after months of silence from federal regulator

Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square...

by admin April 25, 2023
Coinbase sues SEC after months of silence from federal regulator
Technology

Microsoft-backed tech group pushes for AI regulation: Here’s what it’s suggesting

Microsoft seen on mobile with ChatGPT 4 on screen, seen in this photo illustration. On 15 March 2023 in Brussels, Belgium.  Jonathan Raa |...

by admin April 24, 2023
Microsoft-backed tech group pushes for AI regulation: Here's what it's suggesting
Technology

Amazon delivery drivers in southern California join Teamsters union

An Amazon.com delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Patrick T. Fallon...

by admin April 24, 2023
Amazon delivery drivers in southern California join Teamsters union
Technology

‘Crypto is dead in America,’ says longtime bitcoin bull Chamath Palihapitiya

Tech investor Chamath Palihapitiya, who said two years ago that bitcoin has replaced gold and predicted the digital currency would climb to $200,000, has...

by admin April 24, 2023
'Crypto is dead in America,' says longtime bitcoin bull Chamath Palihapitiya
Technology

Google’s 80-acre San Jose mega-campus is on hold as company reckons with economic slowdown

Google’s construction site on future San Jose megacampus sits idle as company halts development amid cost-cutting. Jennifer Elias In June 2021, Google won approval...

by admin April 21, 2023
Google's 80-acre San Jose mega-campus is on hold as company reckons with economic slowdown
Technology

Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX

Theo Wargo | Wireimage | Getty Images A rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company’s...

by admin April 21, 2023
Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX
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