In the midst of “market madness,” Elon Musk suffers his greatest financial loss in history
Businessman Elon Musk has officially broken the record for the most significant loss of personal riches in history.According...
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PhonePe, backed by Walmart, Turns to General Atlantic for Finance, Valued at $12 Billion.
Financial and payment services unicorn The Walmart-backed business PhonePe is reportedly in discussions to receive a new round...
LIC likely to launch $8-billion public issue on March 11
An $8 billion public offering of shares by India’s state-run Life Insurance Corp (LIC) is slated to open...
Mark Zuckerberg told Meta employees to zero in on video because they’re up against an ‘unprecedented level of competition’ from TikTok, report says
Following the company’s dismal fourth-quarter results on Wednesday, CEO Mark Zuckerberg is said to have instructed employees to...
Facebook says Apple iOS privacy change will result in $10B revenue hit this year
The privacy update Apple made to its iOS operating system last year, according to Facebook parent Meta, will...
Jeff Bezos’ ex wife MacKenzie Scott sets charity pace, cuts Amazon stock worth $8.5B
According to a regulatory filing, MacKenzie Scott’s position in Amazon.com Inc fell by 2.5 million shares last year,...
FCC announces $1.2B funds for broadband deployment in US
The Federal Communications Commission (FCC) has announced nearly $1.2 billion in financing to expand broadband access across 32...
Value of Warren Buffett’s Apple investment goes up by $9.8 billion in less than a day
Berkshire Hathaway’s Apple assets climbed $9.8 billion in value on Friday, as Apple shares rose nearly 7% in...
Results from Semiconductor Supply Chain Request for Information
According to the Commerce Department, American companies have an average of less than five days’ worth of semiconductors...
Meta faces €2.7B civil lawsuit over allegations it exploited UK Facebook users’ data for profit
In a class action complaint, 44 million Facebook users in the UK believe their data was exploited after...