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Metaverse lost $35 bln in four years

While Mark Zuckerberg may believe that the future of his company lies in the metaverse, truth is, the project is costing Meta and its shareholders billions of dollars. The four-year operating loss

13th February 2023

Business/Markets/World

Amazon stock value slumped 45%, loses $670 bln market cap

The Big Five tech giants saw their stock prices slump last year, dragging the whole market down, after years of impressive growth that turned them into trillion-dollar companies. However, the eCommerce giant

24th January 2023

Markets/World

Tech giants’ market cap slumped $1.5 trln

Investors have turned their backs on tech stocks after a series of disappointing results from the biggest names in the industry, including Apple, Google’s parent Alphabet, Microsoft, Amazon and Facebook parent Meta.

16th November 2022

International/Markets/World

Mega-cap disappointment, ECB raises rates

By Edward Moya US stocks have been struggling for direction all week after a mixed bag of earnings was accompanied with economic data that supports the idea that the economy is weakening.

28th October 2022

Markets/World

Facebook losing popularity in Europe

While Facebook’s active user base continues growing on a global scale, the world’s largest social networking platform seems to be losing ground in the European market where monthly active users plunged by

6th September 2022

Companies/Life & Society/Markets/World

Stability amid tech earnings

By Craig Erlam Equity markets stabilised a little in the middle of the week, with big tech earnings failing to steer them significantly one way or another. It’s been a mixed bag

28th April 2022

Markets/World

Meta makes Asia feel better

By Jeffrey Halley Equity markets were higher in Asia Thursday as US index futures rallied after Facebook-parent Meta posted minuscule growth in user numbers, along with robust financials. The results came too

28th April 2022

Markets/World

TikTok tops 1 bln users in 5 years

For the last couple of years, TikTok’s stature as a social media platform has grown rapidly, and is now a household name despite the presence of social media giants like Facebook and

10th December 2021

Markets/World

Amazon is 5th most visited website, top eCommerce

Amazon has established itself as an eCommerce giant attracting a significant number of shoppers worldwide, resulting in Amazon.com ranking among the top-visited global websites. According to data acquired by the financial platform

26th November 2021

Business/Companies/World

Facebook removed more than 15 bln fake accounts in 2 years

As the world’s largest social networking platform, Facebook has witnessed a surge in the number of users in the past few years. Hundreds of millions of people have joined its space to

25th October 2021

Companies/World