Roadzen To Go Public With An SPAC
Insurance tech firm Roadzen will go public in the United States in partnership with a Special Purpose Acquisition Company, using a blank-check vehicle, the companies have announced. The deal is…
Apple Begins To Decouple From China-Production
Foxconn, Apple’s primary assembly partner in Asia, announced a major new factory forthcoming in Vietnam on Tuesday, in what analysts interpret as a sign the iPhone manufacturer is shifting its…
Online Giants Face Strict New Rules In The EU
Alphabet Inc.’s Google, Facebook parent Meta Platforms Inc., and Twitter, as well as other very large social media giants, face strict new content rules in the European Union which will…
Meta Platforms Prepping More Layoffs
On Saturday, the Financial Times reported that uncertainty triggered by a decision to perform a new round of job cuts has led Facebook parent Meta Platforms to hold off on…
Musk Says He Has Turned Twitter Around Toward Breaking Even
On Sunday Elon Musk said he had turned social media company Twitter around, and it was “trending to breakeven” after he saved it from “bankruptcy.” He added that the past…
Google Workers Protest Layoffs, Benefits, And Working Conditions
This week protests were held on both US coasts by Google employees seeking to draw attention to thousands of co-workers who were laid off recently, as well as to protest…
Amazon Posts A Mixed Report As Cloud Division Slows
Amazon (AMZN) released a mixed Q4 earnings report on February 2nd, in which the online giant beat on revenues but missed on both EPS and its Q1 guidance estimates. The…
Apple Misses On Q1 Earnings Report
On February 2nd, following the closing bell, Apple (APPL) reported its Q1 earnings, disappointing investors by missing analyst forecasts on the top and bottom lines, and falling short on iPhone…
US Places More Restrictions On Export Of Tech Products To Huawei
On Tuesday, citing people familiar with the matter, Reuters reported that the US government has ceased approving licenses allowing American companies to export items to Chinese tech firm Huawei. One…
Alibaba’s Fall May Mean China’s Reopening Is Not That Grand
Analysts looking at the biggest selloff in three months for China’s Alibaba Group Holding Ltd. are beginning to worry it may be a sign that investors feel China’s consumer recovery…
