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Thursday, May 9, 2024

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Ubisoft Posts Record Operating Loss

French video game publisher Ubisoft (UBIP.PA) posted a record operating loss of 500.2 million euros ($550.6 million) in the year to March 31, 2023, the company said on Tuesday. The loss was due to a number of factors, including the...

Google to Delete Inactive Accounts Starting December

Google announced on Tuesday that it will begin deleting inactive accounts starting in December. The company said that accounts that have not been used or signed into for at least two years would be eligible for deletion. This policy change...

Elon Musk Subpoenaed by U.S. Virgin Islands in Jeffrey Epstein Sex Trafficking Case

Elon Musk, the CEO of Tesla and SpaceX, has been subpoenaed by the U.S. Virgin Islands in connection with a lawsuit alleging that Jeffrey Epstein used JPMorgan Chase accounts to sexually abuse underage girls. The subpoena, which was issued on...

Berkshire Hathaway Buys $900 Million Stake in Capital One

Warren Buffett's Berkshire Hathaway Inc. has disclosed a new stake in Capital One Financial Corp., the latest in a series of investments by the billionaire investor in the financial sector. Berkshire's 13F filing with the Securities and Exchange Commission shows...

FTC Sues to Block Amgen’s $27.8 Billion Acquisition of Horizon Therapeutics

The Federal Trade Commission (FTC) filed a lawsuit on Tuesday to block Amgen's $27.8 billion acquisition of Horizon Therapeutics. The FTC alleges that the deal would harm competition in the market for autoimmune drugs. Amgen is a leading pharmaceutical company...

Microsoft’s $69 billion acquisition of Activision Blizzard clears final hurdle after EU approves deal

Microsoft's $69 billion acquisition of Activision Blizzard has cleared its final hurdle after the European Union approved the deal. The European Commission, the EU's antitrust regulator, said on Wednesday that it had approved the deal after finding that it would...

Google releases Bard, the ChatGPT competitor to the public

Google finally releases the competitor to ChatGPT to the wider public in a move that will challenge OpenAI and others within the tech industry. The information was announced at the Google I/O conference yesterday along with a set of...

Elon Musk is on the verge of stepping down as CEO of Twitter

Elon Musk is stepping down as CEO of Twitter after approximately 6-7 months in that role. Musk took over Twitter and became the CEO in late October of last year. Today he announced in a Tweet that he will...

Investors are eagerly looking ahead to Google I/O Keynote Conference

This will probably be a very important keynote conference for Google. Since the last one in 2022, there have been a lot of changes in the tech industry. Some of these changes will have an impact on Google’s overall...

Tesla is on the verge of releasing a limited free trial of FSD to the public

Over the years Elon Musk has made broad predictions on the capabilities of the Full Self Driving (FSD) capabilities. There have been sparks of improvements here and there but there hasn’t been any large-scale initiative launched by Tesla to...
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Latest News

Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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