Breaking News: Technology
Qualcomm sales rise 37% despite ‘challenging macroeconomic environment’
Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance for the current quarter was short of consensus expectations. […]
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Meta lost $2.8 billion on its virtual reality ambitions during Q2
Mark Zuckerberg, CEO of Facebook, speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York on Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Facebook parent Meta lost $2.81 billion on $452 million in revenue from its virtual reality division, Reality Labs, during the quarter […]
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Meta reports earnings miss and forecasts second consecutive quarter of declining revenue
People take photos of the new “Meta” sign at the One Hacker Way in Menlo Park, as Facebook changes its company name to Meta in California, on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak […]
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Google delays cookie-cutting to 2024
LOS ANGELES, CALIFORNIA – JUNE 09: Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for the “International Coalition to Connect […]
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FTC sues to block Facebook owner Meta from buying VR fitness app maker
Facebook CEO Mark Zuckerberg testifies before the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images The Federal Trade Commission is suing to block Facebook-owner Meta from buying […]
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The space economy grew at fastest rate in years to $469 billion in 2021, report says
People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Feb. 3, 2022. The rocket is carrying 49 Starlink internet satellites for a broadband network. Paul Hennessy | SOPA Images | LightRocket | Getty Images The global space economy grew […]
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Boeing takes additional charge for Starliner astronaut capsule, bringing cost overruns to near $700 million
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing disclosed a charge of $93 million in the second quarter for its Starliner astronaut capsule program, bringing the program’s overrun costs to nearly $700 million. The aerospace giant said the latest charge […]
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YouTube has ‘obvious math’ problem as growth slows dramatically from pandemic highs
Susan Wojcicki, CEO of YouTube, speaks at the Atlantic Festival in Washington, DC, on September 25, 2019. Nicholas Kamm | AFP | Getty Images Throughout the pandemic, YouTube was one of Google’s main economic engines, benefiting from a surge in video consumption from people stuck at home trying to stay entertained. All that growth has […]
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Apple’s earnings will give a peek into the mindset of the high-end consumer
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple reports earnings on Thursday for the quarter ended in June. The third quarter of Apple’s fiscal year is […]
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Twitter to hold vote on Musk merger on Sept. 13
Sheldon Cooper/SOPA Images | Lightrocket | Getty Images Twitter said that it would hold a shareholder meeting to vote on the company’s $44 billion acquisition by Elon Musk on September 13. The shareholder meeting will commence at 10:00 AM PT, and will be available via a webcast. Shareholders will be able to watch the meeting […]
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