Breaking News: Technology
Apple will invest $450 million with Globalstar and other individuals to allow crisis satellite texting
Apple mentioned Thursday it will devote $450 million with U.S. companies to help its new emergency satellite texting characteristic. The bulk of that cash will go to Globalstar, Apple reported, a Louisiana-primarily based enterprise which operates the satellites that make the aspect achievable. Apple isn’t taking an fairness stake in the corporation but it is […]
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Rocket Lab studies file quarterly earnings, with extra agreement wins
An Electron rocket launches from the firm’s New Zealand facility on Nov. 4, 2022. Rocket Lab Rocket Lab shipped quarterly results on Wednesday that boasted file revenue, with the room company tacking on extra agreement wins across its small business. “This quarter recorded historic achievements for Rocket Lab,” CEO Peter Beck explained in a statement. […]
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Binance backs out of FTX rescue, leaving the crypto trade on the brink of collapse
Binance is backing out of its programs to receive FTX, the corporation claimed Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse. The reversal will come a person working day right after Binance CEO Changpeng Zhao declared that the world’s greatest cryptocurrency organization had reached a non-binding deal to obtain FTX’s non-U.S. enterprises for an […]
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Meta laying off far more than 11,000 personnel
Meta is laying off 13% of its staff members, or far more than 11,000 workers, CEO Mark Zuckerberg mentioned in a letter to workers on Wednesday. “Today I’m sharing some of the most complicated adjustments we have built in Meta’s history,” Zuckerberg explained in the letter. “I have made the decision to lessen the measurement […]
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Elon Musk sells at least $3.95 billion worthy of of Tesla shares right after Twitter offer
An graphic of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this image illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images Elon Musk has offered at least a further $3.95 billion well worth of shares in his electric powered automobile firm Tesla right after closing […]
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Space company Astra lays off 16% of workforce as it faces rocket development delay, quarterly losses
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay off about 16% of its employees as the space company faces a pivot in its rocket development program. “Given the challenging macroeconomic environment, we made the difficult […]
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Salesforce lower hundreds of staff on Monday
Marc Benioff, co-main government officer of Salesforce.com Inc., speaks through a keynote at the 2022 Dreamforce conference in San Francisco on Sept. 20, 2022. Tens of countless numbers of techies will frolic by kitschy nationwide park-themed decorations in San Francisco’s downtown this 7 days as Salesforce Inc.’s annual Dreamforce convention returns in whole after two […]
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Binance presents to purchase FTX’s non-U.S. functions to deal with ‘liquidity crunch’
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Trade, speaks in the course of the Institute of Global Finance (IIF) annual membership conference in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Illustrations or photos Binance, the world’s biggest cryptocurrency business, has achieved a offer with Sam […]
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Just take-Two inventory tumbles immediately after it cuts outlook
Consider-Two stock dropped additional than 15% in prolonged buying and selling on Monday following the company reported fiscal 2nd-quarter 2023 results. It said its outlook in the existing quarter and for fiscal 2023 would be decrease than previously anticipated. This is how the enterprise did: Reduction: $1.54 loss for each share Profits: $1.5 billion, vs. […]
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Virgin Orbit raises $25 million from Branson’s conglomerate as cash reserve dwindles
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson’s Virgin Group, an existing shareholder, […]
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