Russia tightens internet grip as Yandex sells assets to state-owned VK

Russia tightens internet grip as Yandex sells assets to state-owned VK

Russian tech giants Yandex and VK agree to swap some assets Yandex sells newsfeed and homepage to state-controlled VK Yandex gets Delivery Club food service in return This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine MOSCOW, Aug 23 (Reuters) – Russia’s government tightened its grip on … Read more

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

July 28 (Reuters) – Apple Inc. (AAPL.O) Thursday said parts shortages were easing and demand for iPhones was unrelenting despite other consumer spending tightening, helping it beat Wall Street expectations and forecast faster revenue growth. upcoming sales. Shares of the Silicon Valley giant rose 2.6% after hours following the earnings release. Apple said it was … Read more

Analysis: Why Spotify’s ‘Car Thing’ Was Destined for the Hardware Graveyard

Analysis: Why Spotify’s ‘Car Thing’ Was Destined for the Hardware Graveyard

LOS ANGELES/STOCKHOLM, July 27 (Reuters) – Spotify Technology SA (SPOT.N) The Car Thing drive is now a thing of the past. The world’s leading audio streaming service said on Wednesday it would discontinue the device just five months after it was made available to all users in the United States. Read more In doing so, … Read more

Social media revenue growth set to slow as TikTok and Apple compete

Social media revenue growth set to slow as TikTok and Apple compete

July 21 (Reuters) – Wall Street braces for the slowest global revenue growth in the history of the social media industry as intensified competition from TikTok and Apple in advertising threatens to worsen economic difficulties in the second quarter. The grim expectations come after an explosion in 2021, when US social media ad sales rose … Read more

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

WASHINGTON, July 14 (Reuters) – Twitter Inc. (TWTR.N) battling with Elon Musk to enforce his $44 billion deal to buy the social media platform could draw the attention of the US securities regulator to whether Musk misled the market during of the agreement. Twitter on Tuesday asked a Delaware court to order the Tesla Inc … Read more

Apple soars above competition even as smartphone market stumbles, sources say

Apple soars above competition even as smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) expects its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the upcoming iPhone 14 underscore a growing belief among Wall Street analysts that the … Read more

Rogers network outage hits millions of Canadians, sparks outrage

Rogers network outage hits millions of Canadians, sparks outrage

Rogers dominates the telecommunications sector in Canada Banking services down, transportation disrupted The outage renews criticism of competition in the telecommunications sector TORONTO/OTTAWA, July 8 (Reuters) – A major network outage at one of Canada’s largest telecom operators shut down access to banking, transportation and government for millions of people all day Friday , sparking … Read more

Twitter promises legal battle after Musk pulls out of $44 billion deal

Twitter promises legal battle after Musk pulls out of  billion deal

July 8 (Reuters) – Tesla CEO Elon Musk (TSLA.O) and the world’s richest person, said Friday he was ending his $44 billion deal to buy Twitter (TWTR.N) because the social media company breached several provisions of the merger agreement. Twitter Chairman Bret Taylor said on the microblogging platform that the board plans to take legal … Read more

Exxon exodus turns floating ‘cube’ into internet meme

Exxon exodus turns floating ‘cube’ into internet meme

HOUSTON, Oct 4 (Reuters) – Exxon Mobil’s trophy US campus is becoming an internet meme. The visually stunning complex, sometimes compared to Apple’s Ring and Alphabet’s Googleplex campuses, opened in 2014 as Exxon stood atop the global oil market. Its centerpiece is a giant cube that appears to float above the office and research center. … Read more

EXCLUSIVE meta girds for ‘fierce’ headwinds, slower growth in second half – memo

EXCLUSIVE meta girds for ‘fierce’ headwinds, slower growth in second half – memo

June 30 (Reuters) – Meta Platforms Inc, owner of Facebook (META.O) is bracing for a leaner second half as it faces macroeconomic pressures and data privacy breaches from its advertising business, according to an internal memo seen by Reuters on Thursday. The company needs to “prioritize more ruthlessly” and “operate leaner, meaner, better-executed teams,” chief … Read more