Second bellwether for tech sector posts its financials – Alphabet reveals disappointing ad sales, sparking fears for digital media sector
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Microsoft Shares Sink After Weak Forecast
Enterprise software giant Microsoft beat Wall Street expectations, but shares fell as it issued weak guidance for the coming quarter
Meta Shareholder Urges Job Cuts, Metaverse Spending Reduction
Investor says Meta has too many staff, and must reduce its hefty investment in metaverse tech in order to regain mojo
IT Spending To Grow 5.1 Percent In 2023, Says Gartner
Enterprise IT spending is forecast to shake off worries about a global economic recession, with growth predicted by Gartner
Amazon Enters UK Insurance Market With Comparison Site
Financial services push sees Amazon enter UK insurance market, with challenge to four established price comparison websites
Netflix To Begin Password Crackdown In 2023
Streaming giant Netflix beats Q3 expectations and adds 2.4 million subscribers, while confirming global password crackdown next year
Intel Slashes Mobileye IPO Valuation To Below $16 Billion
Chip giant Intel significantly lowers valuation for its self-driving car unit Mobileye Global, ahead of public listing on the Nasdaq
Intel Mulls Lower Valuation For Mobileye IPO – Report
Intel is reportedly eyeing a 'significantly lower' IPO valuation than previously expected for its self-driving car unit Mobileye Global
Sentence For Capital One Hacker Slammed By US DoJ
“This is not what justice looks like,” says DoJ official, as judge issues probation sentence for hacker Paige Thompson (aka erratic)
SWIFT Publishes Blueprint For Central Bank Digital Currency
Digital currency solution for the world? Potential blueprint for digital currencies offered by central banks published by SWIFT
Amazon Raises Pay For US Warehouse Workers, Drivers
The wage packets for Amazon warehouse workers and transportation drivers will get a welcome increase, in the United States at least
Elon Musk Lawyers Appeal To Remove SEC Tweet “Muzzle”
Legal fight by Elon Musk continues, as he seeks to free himself from the 2018 agreement with the US SEC for a Tesla lawyer to vet his tweets
Oracle To Pay $23 Million To Settle SEC Bribery Case
Software giant Oracle is not admitting or denying wrongdoing, but is to pay $23m to settle a second SEC bribery case
Celsius Seeks Permission To Sell Stablecoin Assets
Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations
Huawei Founder Warns Of Painful Decade
Stark survival warning from founder of Huawei about firm's prospects over the next ten years, amid global downturn and China economic woes
More People Charged After 2017 Equifax Hack
US financial regulator charges three more people with insider trading concerning Equifax hack, after its former CIO was jailed over the same matter
Meta Raises $10 Billion In Bond Offering
First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy Metaverse spending
Elon Musk Sells Tesla Shares Worth $6.9 Billion
Tesla CEO Elon Musk admits he could need the funds if he loses legal showdown with Twitter and is forced to purchase the platform
SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff
Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads to steep quarterly losses
Deezer ‘Set For German Expansion’ After IPO Slump
Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks to replicate success in France and Brazil
Dorsey’s Block To Cut Expenditures After Crypto Loss
Jack Dorsey-led Block, formerly Square, to cut hiring and investment target after Bitcoin volatility and slowing consumer demand drives down profits
Tinder Ditches Metaverse, Digital Coin Plans As Investors Swipe Left
Tinder parent Match Group suspends plans to develop metaverse-based dating and Tinder Coins after announcing disappointing third-quarter expectations
Robinhood Axes 23 Percent Of Jobs, Dismisses Talk Of Sale
CEO confirms further job cuts at trading app Robinhood, with another 23 percent of staff set to be culled from the workforce
Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report
Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month
Alibaba Will ‘Strive’ To Maintain New York Listing
Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of Chinese companies facing delisting
SEC Says Alibaba Could Be Delisted In New York
US financial regulator SEC says Chinese tech giant Alibaba at risk of delisting in New York over demand for compliance with US financial standards
Amazon Posts Second Straight Loss After Rivian Stake Writedown
Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of the value of its stake in Rivian
Apple Shrugs Off Economic Gloom, But Profit Slips
No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates
Alphabet Misses Earnings Forecast, But Pleases With Strong Ad Performance
Narrow miss on quarterly results gives hope Alphabet is in a decent position to weather the economic slowdown impacting others
Meta Posts First Ever Revenue Decline, Amid Intense Pressures
CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline