Tag Archives: Heres

With the ongoing war with Ukraine, Russia’s biggest tech company wants to move out of the country. Russia has recently targeted basic infrastructures in Ukraine through a wave of air strikes, causing severe damage in the country.  Often referred to as “Russia’s Google,” Yandex is Russia’s most prominent internet company, widely popular for its search browser and ride-hailing apps. Its Dutch-based parent company, Yandex N.V., now wants out of Russia because of the potential negative impact… Source link

400tmax Cost discipline is a must in a low-growth environment Alphabet Inc.’s (NASDAQ:GOOG, NASDAQ:GOOGL) (“Google”) revenue growth is slowing and profits aren’t improving. In Q3 2022, Alphabet’s total revenue grew 6% YoY while total expenses (COGS+OPEX) increased 18% YoY. Google Services, the most lucrative segment representing 100% of Google’s operating income, saw its EBIT margin contract from 40% in 3Q21 to 32% in 3Q22. Per activist investor TCI Fund Management’s recent letter to CEO… Source link

Layoffs have slammed Big Tech, as some of the sector’s biggest names, from Amazon (AMZN) to Meta (META) to Stripe, have cut thousands of employees. After at least a decade of expansion, tech companies have been rattled by inflation along with a slowdown in advertiser spending. The ad spending crunch has hit social media companies like Meta and Twitter hard, of course. Even Google parent Alphabet (GOOG, GOOGL) was slammed in its latest earnings cycle, as YouTube missed sales expectations by a… Source link

Elizabeth Holmes has at least one more opportunity to stay out of prison after a judge on Friday sentenced the once-aspiring biotech entrepreneur to 11 years and three months behind bars for defrauding a group of investors in her collapsed blood-testing startup, Theranos. Holmes’ freedom is dependent upon an expected appeal of her case, which her lawyers must file within two weeks. Once an appeal is filed, Holmes can request to remain out of custody while her appeal is considered by the 9th… Source link

Changes to the way Google handles search rankings are intended to push up content from real people, not content farms optimizing content for search engines, and that works in tandem with other efforts like improving results for product-review pages, Sullivan says. Not that there’s anything wrong with SEO, the practice of optimizing web pages so they’ll rank higher in search engines. “It helps us locate and understand relevant content,” Sullivan says, “SEO isn’t some special method… Source link

Over the first two weeks of November, crypto exchange FTX went from leading crypto exchange to a $16 billion bankruptcy – this year’s largest so far. Insiders, customers, the press, and regulators are still piecing together what caused the largest corporate failure in crypto’s 14-year history and what such a fallout means as it ripples across the digital assets market. So far the fallout has meant the loss, freeze, or write down of at least $1.8 billion in funds comprising mostly equity… Source link

‘They will come to a bad ending’: A year since its $69K peak, Bitcoin has plummeted more than 70% — here’s why Warren Buffett has hated cryptocurrency all along It’s been a tough year for Bitcoin and its backers. And even back in 2018, the Oracle of Omaha predicted that it and other cryptocurrencies were headed for trouble. “They will come to a very bad ending,” Warren Buffett told CNBC at the time. After hitting an all-time peak of around $69,000 per unit on November 10, 2021, the world’s… Source link

The largest U.S. homebuilder offered up the latest examples of how quickly buyers are fleeing the housing market. Buyers canceled nearly a third of deals in D.R. Horton Inc.’s (DHI) fiscal fourth quarter, up from 19% a year ago, the Texas-based company said Wednesday. New orders declined 15% to 13,582 homes from a year earlier, down by 10% in value. The company is responding by walking away from land deals that don’t meet certain metrics as the market has shifted, writing off $34 million of… Source link

Comment on this story Comment For the first time since its 2016 launch, Google Assistant is getting parental controls. You might think the chatty virtual assistant, which the company says is used by 700 million people a month, already had some. For years Google has allowed parents to grant children Assistant access by way of its Family Link app, but offered relatively few restrictions. In the next few weeks, when these tools land on a smart speaker, screen or clock near you, you’ll be able to… Source link

Starbucks is expected to report its fiscal fourth-quarter earnings on Thursday after market close as the coffee giant navigates higher prices, ongoing unionization efforts, COVID-19 lockdowns in China, and more. Here’s what Wall Street expects from the Seattle-based company, according to a Bloomberg consensus estimates: Revenue: $8.31 billion expected Adj. earnings per share (EPS): $0.72 expected U.S. Same Store Sales: 7.78% expected International Sales: -8.23% expected China Sales: -21.70%… Source link