Bitcoin has continued its remarkable surge, with its price surpassing $47,000 for the first time in almost two years. This latest milestone comes after the cryptocurrency experienced a more than 4% increase on Friday to reach a price of $47,307. The last time Bitcoin reached this level was back in March 2022. The surge in
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Adyen, a prominent European online payments giant, has experienced a significant surge in its stock value following the release of its 2023 annual report. The company reported robust sales growth and surpassed profit expectations, leading investors to celebrate its performance. To address concerns about excessive spending on team expansion, Adyen deliberately slowed down its hiring
The digital advertising market is showing signs of recovery after a challenging year in 2022. However, the rebound has been far from uniform, with some companies outperforming others. Meta, the parent company of Facebook and Instagram, reported a remarkable 24% YoY growth in its ad business, marking its fastest expansion rate since mid-2021. In contrast,
Bitcoin miner CleanSpark has recently announced plans to acquire new mining facilities that will significantly increase its hashrate and revenue. This expansion comes at a time when the crypto industry is expecting a wave of consolidation amongst smaller and less efficient mining operations. CleanSpark’s strategic move aims to position the company for success in an
A year ago, the digital ad market was in a state of slump, with Meta’s finance chief, Susan Li, expressing concerns about weak advertising demand. Both Meta and Google experienced a decline in ad revenue, which was attributed to factors such as inflation, supply chain issues, and global conflict. However, the narrative has since changed,
Technology companies are experiencing a shift in mindset as they transition from a phase of rapid expansion to one of discipline and cost management. In the wake of their fourth-quarter earnings reports, both Meta and Amazon have seen a surge in their stock prices. While their revenue surpassed expectations, the real story lies in their
U.S. chip giant Advanced Micro Devices (AMD) is placing its bets on AI PCs as it aims to take on its rivals Nvidia and Intel in the increasingly competitive AI market. In an exclusive interview with CNBC, Victor Peng, president of AMD, expressed confidence in the expanding market for AI PCs, projecting increased adoption in
The Senate Judiciary Committee held a tense and emotionally charged hearing this week, focusing on the role social media companies play in the exploitation of children. Lawmakers expressed their frustration and accused tech executives, including Mark Zuckerberg of Meta, Shou Zi Chew of TikTok, and Linda Yaccarino of X, of failing to adequately protect young
In a significant blow to Tesla CEO Elon Musk, a Delaware judge recently invalidated his $56 billion pay package. This ruling came after the company’s board of directors failed to demonstrate the fairness of the compensation plan. The decision had an immediate impact on Tesla’s stock price, causing a 3% decline in after-hours trading. Elon
Elon Musk’s neurotech startup, Neuralink, has achieved a significant milestone in its mission to develop cutting-edge brain implant technology. On Sunday, the company successfully implanted its device in a human for the first time. Musk himself shared the news, stating that the patient is “recovering well.” This groundbreaking achievement brings us one step closer to