In a recent legal development, a federal judge in California has dismissed a lawsuit filed by X, formerly Twitter, against Israel’s Bright Data. The case centered around the practice of data scraping, which involves automated programs collecting information from publicly accessible websites. X alleged that Bright Data was scraping data from X and selling it
Enterprise
Climate activists in Germany expressed their anger over Tesla’s plans to expand its Berlin-Brandenburg Gigafactory by attempting to break into the plant on Friday, as reported by local police. The protestors were described as “multiple unauthorized people” by Brandenburg police, who were actively working to prevent any unauthorized entry into the Tesla factory. The situation
Semiconductor Manufacturing International Corporation (SMIC) recently issued a warning about the intense competition in the chip industry following its first-quarter profit missing expectations. The company highlighted that the industry competition is becoming increasingly fierce, with pricing for commodity products following market trends. This indicates a challenging environment for SMIC and other players in the market.
The House Committee on Homeland Security has called for Microsoft’s top lawyer, Brad Smith, to attend a hearing regarding the cyberattacks that have compromised U.S. government officials’ emails. This request highlights the increasing scrutiny that technology companies face in response to cybersecurity breaches that put national security at risk. While CEOs of other tech giants
Politan Capital’s refusal to engage in a proxy fight against Masimo CEO Joe Kiani, under the condition that their two new directors are added to the board, marks a significant development in the ongoing battle for control at the company. The activist group, led by Quentin Koffey, responded to Masimo’s initial offer to appoint one
Reddit recently released its quarterly results, marking its first earnings report since going public in March. The company’s shares surged by 14% in extended trading following the announcement of its financial figures. Despite posting a loss per share of $8.19, which is slightly lower than the expected $8.71 loss, Reddit’s revenue stood at an impressive
It is alarming to note that in the United States, a significant amount of the food produced ends up in landfills rather than being consumed. This wasteful practice not only contributes to excess production and packaging but also has a negative impact on the environment by fueling climate change. According to a recent study published
Palantir, the defense technology company, experienced a sharp decline in its shares, plummeting around 7% in after-hours trading on Monday. This decline came as a result of the company reporting weaker-than-expected guidance for the upcoming quarter. The company’s earnings per share were reported at 8 cents adjusted, falling short of the 8 cents per share
Investment director Mark Hawtin from GAM Investment Management raised concerns regarding the hype surrounding Tesla’s progress in rolling out its advanced driver-assistance feature in China. According to Hawtin, the expectations of investors are misleading as Tesla’s Full Self-Driving (FSD) service does not provide full autonomous driving capabilities. He emphasized that the functionality offered in China
Coinbase, the leading digital asset exchange platform in the U.S., recently released its first-quarter earnings report, exceeding analysts’ expectations. The company reported revenue of $1.64 billion, significantly higher than the projected $1.34 billion. Additionally, Coinbase recorded a net income of $1.18 billion, translating to $4.40 per share, a substantial improvement from the previous year’s loss