Twitter Shareholders Approve Elon Musk's $44 Billion Offer Weeks Before Trial Begins in Delaware Court Twitter said in a press release that nearly 99 percent of the votes cast by stock owners supported the sale agreement. Sep 14, 2022By Jacob J Elon musk
Nvidia, AMD Shares Plunge as Ban on AI Chip Sale Worsens US-China Semiconductor War As per the new guidance, US chipmakers must immediately procure a license to supply artificial intelligence chips to Chinese companies. Sep 1, 2022By Jacob J
HP Acquires Hybrid Work Solutions Provider Poly for $3.3 Billion as Segment Set to See Exponential Growth As part of the deal, Poly CEO Dave Shull will join HP as President, Workforce Services & Solutions. Aug 30, 2022By Jacob J Coronavirus
Xiaomi Cuts More Than 900 Jobs; Twitter Employee's Annual Bonus Slashed to Half The layoffs affected nearly 3 per cent of Xiaomi's workforce, according to the South China Morning Post. Aug 21, 2022By IBTimes APAC Desk
Tencent Sacks 5,500 Workers After Posting 3% Revenue Drop in June Quarter Tencent, China's largest video gaming and social media company, posted revenue of $19.8 billion in the June quarter. Aug 18, 2022By Jacob J
Apple Fires 100 Recruiters Weeks After Reporting Record Quarterly Revenues The world's most valuable company's net quarterly profit slipped to $19.4 billion in the June quarter from $21.7 billion a year ago. Aug 16, 2022By Jacob J
Tech layoffs: Google Employees Fearful as Communique Threatens 'Blood on Streets' Many Big Tech companies like LinkedIn, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce have either laid off employees or frozen hiring. Aug 13, 2022By IBTimes APAC Desk
SoftBank Offloads Alibaba Shares to Raise $34 Billion as 'Unicorn Winter' Inflicts Heavy Losses Masayoshi Son-led SoftBank Group said it will trim its stake in Alibaba to 14.6 percent, a decrease from 23.7 percent at the end of June. Aug 11, 2022By IANS
Biden Administration Mulls Harsh Export That Would Cripple, Chinese, South Korean Chip Makers The crackdown would involve barring the shipment of US chipmaking equipment to factories in China that manufacture advanced NAND chips. Aug 1, 2022By Reuters
Apple Reports Record Revenue of $83 Billion, Net Profit, Earnings Dip in June Quarter Revenue from iPhone rose from $39.5 billion to $40.7 billion in the latest quarter, an increase of 3 percent increase from the same time last year. Jul 29, 2022By Jacob J
Qualcomm Sales Rise 37%; Snapdragon Chips Push Mobile Business Beyond $6 Billion Mark Qualcomm posted $10.93 billion in revenue for its third quarter as its handset business grew 59 per cent to $6.15 billion. Jul 28, 2022By IANS
Microsoft Shares Soar Despite Reporting Slow Revenue Growth; Says Ukraine War Hurt Earnings CEO Nadella said in the earnings conference call that Microsoft has landed lucrative Azure deals. Jul 27, 2022By Jacob J
Twitter Share Price Will Nosedive to $23.5 if Elon Musk Deal Falls Through - Analyst Musk had offered $54.20 price for each Twitter share two-and-a-half months ago but the share price is $32.65 now. Jul 12, 2022By Jacob J Elon musk
Was Musk's Twitter Offer a Cover for Selling Tesla Shares at Excellent Price? Speculations According to Fortune, there are some experts who believe that Musk used the Twitter deal to sell a massive chunk of stock he owns in Tesla. Jul 10, 2022By Jacob J Elon musk
Twitter Has Strong Case Against Musk, But Could Re-negotiate Offer Price to Save the Deal Twitter has denied the charges made by Musk from the beginning and it stands by its metrics. Jul 9, 2022By Jacob J