New York City Mayor Eric Adams has taken a bold step in addressing the mental health crisis among young adults and children in the city. On Wednesday, Adams announced that his administration has filed a lawsuit against the parent companies of popular social media platforms TikTok, Instagram, Facebook, Snapchat, and YouTube. The lawsuit, filed in
Enterprise
Waymo, the self-driving vehicle unit of Alphabet, recently made headlines with its decision to file a voluntary recall notice for software used in their driverless cars. This move marks a significant first for the company and raises questions about the safety of autonomous vehicles. In this article, we will analyze the implications of Waymo’s voluntary
Shopify, the Canadian e-commerce giant, recently released its fourth-quarter earnings report, surpassing market expectations. While the company reported better-than-expected earnings per share and revenue, its guidance for the coming quarter fell short of Wall Street’s projections. This article examines Shopify’s performance and analyzes the potential implications for its future. Shopify delivered a strong performance in
The race for cloud supremacy continues to heat up, with Amazon Web Services (AWS) still maintaining its position as the cloud leader. However, Microsoft Azure is quickly closing the gap and emerging as a strong competitor. Over the past five years, Azure has grown to about three-quarters the size of AWS, indicating substantial progress for
China’s Semiconductor Manufacturing International Co. (SMIC) has been pursuing the manufacturing of advanced chips, despite facing U.S. sanctions. These sanctions aim to slow down China’s progress in the semiconductor industry. While SMIC’s advancements seem significant, there are still concerns regarding the long-term viability of China’s bid for self-sufficiency in this field. SMIC, as China’s largest
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
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,