Meta Revenue Tops Expectations In Q4 2023
Surging past market expectations, Meta Platforms Inc. (META) witnessed an impressive stock rally on Friday, catapulting over 20% following the release of stellar earnings, robust guidance, and the announcement of strategic initiatives for shareholder returns. This extraordinary surge translated into...
TikTok CEO Pledges $2 Billion to Protect 170 Million US Users
TikTok is committing to allocate $2 billion (S$2.7 billion) in 2024 to enhance the safety of children and other users on its platform, surpassing 170 million monthly active users in the United States. CEO Chew Shou Zi is slated to...
Elon Musk’s $56 billion Tesla compensation voided by judge, shares slide
A Delaware judge invalidated Tesla CEO Elon Musk’s $56 billion pay package on Tuesday, asserting that the company’s board failed to demonstrate the fairness of the compensation plan and lacked sufficient evidence of negotiation with Elon Musk. Following this decision...
Bitcoin Heads Toward Winning Streak Last Seen in Pandemic Before Record High
Bitcoin appears set to extend its winning streak for a fifth consecutive month, marking its longest positive run since the pandemic-triggered rally. Amidst January’s notable volatility, driven by the debut of the first US spot BTC exchange-traded funds and shifting...
Samsung to Integrate Baidu’s Ernie AI in Latest Galaxy Phones
In a strategic move to enhance its presence in China, Samsung Electronics has announced a key partnership with Baidu, featuring the integration of Baidu’s Ernie Bot in its upcoming Galaxy S24 smartphone series. Samsung aims to position the Galaxy S24...
Bitcoin Spot ETFs Are Starting to See Slowing Investor Interest
Interest in the highly anticipated spot Bitcoin Exchange-Traded Funds (ETFs) appears to be waning, as Wednesday witnessed the lowest single-day of investor gross inflows for the group since trading commenced on January 11. As per a report from JPMorgan Chase...
