CrowdStrike shares dropped 13% after a software update caused a global cyber outage. Analysts downgraded the stock, affecting its financial outlook.
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OUR TAKE Google has taken a new direction in managing user privacy on its Chrome browser. Instead of eliminating third-party cookies,…
OUR TAKEBitcoin ETFs saw a notable surge in inflows last week, attracting $1.27 billion as the price of the cryptocurrency…
OUR TAKESAP SE, a leading software company based in Germany, reported a significant 25% increase in cloud revenue for the second…
OUR TAKETikTok is set to restart its e-commerce strategy in Europe with the launch of its in-app shopping feature TikTok…
OUR TAKEHedge funds have sold off their equity holdings at a rapid pace, the fastest since the meme stock phenomenon…
OUR TAKELogitech co-founder Daniel Borel has won a court order to put his nominee, Guy Gecht, on the agenda for…
OUR TAKECybersecurity firm Wiz recently made headlines when it rejected a hefty $23 billion takeover offer from tech giant Alphabet…
OUR TAKEChina has announced the lifting of sanctions on Viasat Corporation, a US communications company. China’s decision marks a clear…
Byju Raveendran, the founder of the Indian education technology firm Byju’s, faces a court-ordered insolvency process for his ed-tech giant. Byju’s has experienced a dramatic drop in valuation from $22 billion to under $2 billion, leading to insolvency proceedings that risk thousands of jobs.
The EU has warned Meta that its “pay or consent” model could be in violation of consumer protection laws, demanding changes by September 1. The EU’s Consumer Protection Cooperation has highlighted concerns over Meta’s “free” service description for its platforms, which lacks transparency in regard to user data consent for advertising.
Delta is still grappling with the aftermath of a global cyber outage that has led to the cancellation of over 4,000 flights since Friday. Delta has assured that its crews are fully staffed and ready to serve, and the company has increased incentive pay for pilots and flight attendants to encourage them.