Google's parent Alphabet on Thursday trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent. Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. Alphabet chief executive Sundar
Bill gives app owner, ByteDance, a year to divest, and while Biden is expected to sign it, the company plans to fight itThe Senate voted Tuesday to pass a bill that will either ban TikTok or force a sale of the short-form video app, giving its China-based parent company ByteDance up to one year to divest its crown jewel before facing deletion from US app stores.The vote was a landslide, with 79 senators voting in favor and 18 against. The bill passed in the House on Saturday by a margin of 360...
Apple has acquired the Paris-based artificial intelligence startup Datakalab amid its push to deliver on-device AI tools. Datakalab specializes in algorithm compression and embedded AI systems. The acquisition, finalized on December 17 last year, was quietly conducted but noted in a European Commission filing spotted by French publication Challenges (via iPhoneSoft). While the financial details of the transaction remain undisclosed, the move is almost certainly part of Apple's broader...
As part of the strategy to expand the delivery infrastructure in the region, SAMEDAY announces its intention to take over the fast courier company Sprinter from Hungary. Thus, following the potential acquisition, SAMEDAY will expand its out of home infrastructure in Hungary by 60% by taking over the 450 delivery points owned by the Hungarian […]
VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter.Founded in 2011, homegrown Magzter is a cross-platform, self-service, global digital newsstand with a library of over 8,500 premium magazines and newspapers. The deal, financials of which went undisclosed, marks Dailyhunt’s foray into premium content.The deal is a cash-and-stock transaction, cofounder Umang Bedi told...
Snap’s share surged 21% in after-hours trading as app’s users increased by 422 million, bringing in $1.2bn in revenueShares in the owner of Snapchat surged 21% during after-hours trading after the social media group beat Wall Street’s expectations for quarterly revenue and user growth.Improvements to Snap’s advertising system are delivering results faster than anticipated, the company said. Continue reading
The Senate has passed legislation that would force TikTok's China-based parent company to sell the social media platform under the threat of a ban.
Apple has reportedly acquired France-based AI startup Datakalab, specializing in AI and computer vision technology. It is expected to help Apple bolster the AI features it is readying for iOS 18.
Social video platform Triller will be acquired by a Hong Kong financial services company as the Los Angeles-based firm looks to bulk itself up to counter TikTok's dominance. The agreement has already been approved by the boards of Triller and AGBA Group Holding Ltd., though it still needs regulatory and shareholder approval, according to a statement from the companies. The deal is expected to close in late May, after which Triller will become a wholly-owned subsidiary of AGBA, which is publicly...
It now goes to President Joe Biden, who has backed the TikTok proposal and has said he will sign the package as soon as he gets it.
It now goes to President Joe Biden, who has backed the TikTok proposal and has said he will sign the package as soon as he gets it.
It now goes to President Joe Biden, who has backed the TikTok proposal and has said he will sign the package as soon as he gets it.