Tag Archives: growth

Already under siege from Wall Street analysts amid slowing growth, Salesforce execs have returned from schmoozing clients in the Swiss Alps at The World Economic Forum only to be greeted by one of the most feared activist investors in the game. Elliott Management has taken a multi-billion dollar position in Salesforce, a source familiar with the matter confirmed to Yahoo Finance, adding that the investment management behemoth may push for a board seat. “Salesforce is one of the preeminent… Source link

Apple Inc.’s AAPL AirTags have remained dominant in the Bluetooth tracker market, with people spending billions to help keep track of their things.  But there hasn’t been a viable alternative. Tile, which only tracks using the owner’s device, lost its competitive edge after Apple implemented tracking features associated with pinging nearby phones. MaxTracker, a startup raising funds on StartEngine, is improving on Tile and AirTag technology. MaxTracker is creating a 5G device that uses… Source link

Microsoft (MSFT) announced on Wednesday that it is laying off 10,000 workers as part of an effort to cut costs at the tech behemoth. The layoffs impact roughly 4.5% of Microsoft’s 221,000 total employees. The cuts are expected to be completed by Microsoft’s fiscal Q3, which ends March 31. Microsoft says the layoffs will result in a $1.2 billion charge, representing -$0.12 per share. The Redmond-based company previously announced layoffs in October, shedding as many as 1,000 jobs, according… Source link

Google has said the Indian antitrust order against it may stall the growth of the Android ecosystem as the company will need to modify its existing contracts, introduce new license agreements, and alter existing arrangements with more than 1,100 device manufacturers and thousands of app developers. In an appeal before the Supreme Court, the search engine giant said the Competition Commission of India’s order asking it to make changes in the Android ecosystem would require the company to… Source link

NEW DELHI, Jan 10 (Reuters) – The growth of Google’s Android ecosystem is on the brink of stalling in India due to an antitrust order that asks the company to change how it markets the platform, the U.S. company has said in a Supreme Court challenge seen by Reuters. The Competition Commission of India (CCI) in October fined Alphabet Inc-owned Google (GOOGL.O) $161 million for exploiting its dominant position in Android, which powers 97% of smartphones in India, and asked it to change… Source link

Wall Street analysts are busy publishing their 2023 lookahead pieces, and Cowen analyst Jeff Osborne is out with the big one — the firm’s Future of Mobility report. Osborne has partnered with 16 other analysts at the firm to map out what’s next in the nearly 500-page report, from electrification, to government regulation, to infrastructure, and even 5G and edge computing to give investors the lay of the land. Cowen has also listed 50 stocks to target for exposure. Key among the… Source link

China’s strict zero-COVID policy complicated the global economic recovery. The country has tried to eliminate all cases of COVID-19, but three years later, frequent lockdowns and strict quarantine guidelines have led to food shortages, delayed health care, and mental health struggles. The ongoing frustrations among citizens reached a boiling point on Nov. 24, when protests erupted after a fire broke out in an apartment building in the city of Urumqi, killing 10 people during the city’s… Source link

Stay up to date with Semantic Knowledge Graphing Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. This press release was orginally distributed by SBWire Pune, Maharashtra — (SBWIRE) — 12/02/2022 — Semantic Knowledge Graphing Market – Global Trends, Insights to 2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and… Source link

Beyond Meat’s disappointing earnings prompted a price-target plunge from Mizuho analyst John Baumgartner. Though he kept a Neutral rating on the stock, he slashed the firm’s price target to $11.00 from $27.00. In its third-quarter earnings results, the plant-based giant posted a wider-than-expected loss on adjusted earning per share, but beat on revenue estimates as it targets cash flow positive operations within the second half of 2023. Net revenue decreased by 22.5%… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by the pandemic has slowed down. But overall, the app economy is continuing to grow, having produced a record number of downloads and consumer spending across both the iOS and… Source link