Jaap Arriens | Nurphoto | Getty Images Meta‘s social media platforms Instagram, Facebook and Threads are down for many users across the globe Tuesday morning. Facebook and Threads seem to be particularly impacted. Neither app was loading as of 10 a.m. ET, when reports of the outage started to surface on DownDetector.com. Instagram feeds aren’t refreshing … Read more
British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services in the U.S. Monzo raised the money in a new funding round led by CapitalG, the independent venture arm of Google parent company Alphabet. HongShan, the Chinese venture capital firm that split from Sequoia Capital … Read more
Tesla’ logo is seen on the Tesla factory building in Berlin, Germany on February 22, 2024. In the southeastern outskirts of Berlin, within the Grunheide district, local residents are expressing opposition to the expansion plans of the first automobile factory of US electric car manufacturer, Tesla in Europe. Anadolu | Anadolu | Getty Images A … Read more
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Dado Ruvic | Reuters American semiconductor company Advanced Micro Devices has failed in getting a made-for-China AI chip past U.S. regulators and will need to apply for an export license, Bloomberg reported Tuesday. The report … Read more
New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing … Read more
MariBank, Singapore tech giant Sea Group’s digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Southeast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to defend market share against … Read more
Sergey Brin, president of Alphabet and co-founder of Google David Paul Morris | Bloomberg | Getty Images Google co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that he came out of retirement “because the trajectory of AI is so exciting.” Brin, 50, spoke to entrepreneurs … Read more
Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. This latest setback raises the question: How can Apple get its groove back? The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. It’s one … Read more
Jonathan Raa | Nurphoto | Getty Images Former Twitter executives including CEO Parag Agrawal, CFO Ned Segal, Head of Legal, Vijaya Gadde, and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in a federal court arguing that they are owed $128 million in unpaid severance. In their complaint, lawyers … Read more
Rafael Henrique | Lightrocket | Getty Images Super Micro Computer stock popped 20% in Monday morning trading after the company was selected on Friday to join the S&P 500. Shares of the server and computer infrastructure company have been up more than twentyfold during the last two years and over 200% since the start of … Read more
