Facebook’s parent firm Meta on Wednesday delivered a gloomy mix of a sharper-than-expected drop in profit, a decrease in users and threats to its ad business that plunged shares some 22 percent in after-hours trading. Already jittery markets have punished pandemic-era darlings including Netflix for disappointing results, with Meta getting a taste of that after
Month: February 2022
We hear about the need for better visibility in the cybersecurity space – detecting threats earlier and more accurately. We often hear about the dwell time and the time to identify and contain a data breach. Many of us are familiar with IBM’s Cost of a Data Breach Report that has been tracking this statistic
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get feedback … It is much more friendly to both investors and the industry,” said the CEO of a crypto exchange. Thailand’s New Crypto
Last year, 91% of organizations moved one or more applications to a new IT environment, underscoring businesses’ rapid adoption of multiple clouds – private and public – according to a new report commissioned by Nutanix. Sixty-four percent of survey respondents said they expect to be operating in a multicloud environment, leveraging public and private clouds,
T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative that cryptocurrencies will be widely accepted in the country — by dismissing the possibility of using them as legal tender. According to a Wednesday tweet from Asian News International, Somanathan said that a digital rupee backed by the Reserve
In an exclusive television interview with Fox Business on Wednesday, JMP Securities director of financial technology research, Devin Ryan spoke candidly on a range of topics within the cryptocurrency industry. This included the macroscopic regulation amid the impending expectations of a White House policy framework, states within the United States accepting Bitcoin as legal tender
Progressive International, a global organization supporting progressive left-wing activists and organizers, is moving into cryptocurrencies in response to getting de-banked by major payment and banking firms. The organization took to Twitter on Monday to announce that it now accepts donations in cryptocurrencies like Bitcoin (BTC) and Ether (ETH) to defend itself against attempts to shut
Bitcoin (BTC) rose above $39,000 on Feb. 1 but the sharp fall in the shares of PayPal may have resulted in aggressive selling by the short-term traders. However, in the long-term, large investors seem to be viewing the decline as a buying opportunity. On-chain monitoring resource Whalemap said that whales holding between 100 to 10,000
WazirX exchange’s native token, WRX, benefited the most from India’s latest U-turn on crypto this week. WRX’s price jumps on India tax news WRX’s price surged nearly 30% to over $1, hitting a three-week high after the Indian government had announced a new tax regime for the regional crypto sector, reversing entirely from its earlier strict stance that
Steam has announced its plans for upcoming sales for the first half of 2022, as its ongoing Lunar New Year Sale draws to a close. The service has also updated its policy to reduce the ‘cooldown’ on sales allowing publishers to place a game in two sale events that are at least 28 days apart.
Flipkart is hosting its Big Bachat Dhamaal sale from Thursday (February 3). During the sale, smart TVs will be available with up to 70 percent discount. The monthly sale will bring deals on TVs from brands including Blaupunkt, Kodak, and Thomson. The TVs will be available at prices as low as Rs. 7,999 under the
Amazon will create 1,500 new apprenticeships in the United Kingdom in 2022, it said on Wednesday. The internet giant said it was offering 40 entry to degree-level apprenticeship schemes, including new schemes in the areas of publishing, retailing, marketing, and a programme focused on environmental, social, and corporate governance (ESG). Amazon said it grew its
In this article PYPL Shares of PayPal were down more than 25% on Wednesday, a day after the company provided weak guidance that it blamed in part on inflation. PayPal reported mixed results for the fourth quarter. Earnings per share of $1.11, ex-items, missed the $1.12 expected. It beat on revenue estimates, though, reporting $6.92 billion
The Google Play store is filled to the brim with apps and a tonne of them are released every single day. The month of February brings us a fresh batch of apps and we have curated a list of the top five that Android users like you should definitely have on their smartphones. Our list
Apple is rolling out watchOS 8.4.1 update to Apple Watch users, a week after the company released watchOS 8.4. According to the company, the latest update will only be available to Apple Watch Series 4 and newer smartwatches. Apple’s website reveals that watchOS 8.4.1 does not include security fixes but contains bug fixes for these
The holidays were a gift to Alphabet’s Google, quarterly results showed. Next up: Facebook owner Meta. Alphabet’s internet advertising, cloud computing, and hardware businesses helped the Google owner soundly beat Wall Street targets for the holiday quarter, sending shares up as much as 9 percent in after-hours trading. Brian Wieser, global president of business intelligence,
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