Finance
Automattic Layoffs Hit 16% of Workforce: 281 Employees Potentially Affected
April 3, 2025 – In a significant development, Automattic, the parent company behind a suite of online services including WordPress.com, Tumblr, and WooCommerce, has initiated a round of layoffs. A blog post released by the company on Wednesday revealed that the layoffs would affect 16% of its workforce across all departments. Prior to the layoffs,…
Seagate Completes Acquisition of Upstream Supplier Intevac, Strengthening HDD Position
April 3, 2025 – Seagate, a leading manufacturer of hard disk drives (HDDs), has announced the completion of its acquisition of Intevac, a supplier of upstream equipment, on March 31st, local time. The deal, valued at approximately 109million,wasfinalizedatapriceof4 per share as offered by Seagate. Intevac specializes in the manufacturing, sales, maintenance, and upgrading of thin-film…
Apple Pledges Support for Myanmar and Thailand Earthquake Relief Efforts
March 31, 2025 – Apple CEO Tim Cook announced today that the tech giant will donate an undisclosed sum to support relief efforts in Myanmar and Thailand following the devastating earthquakes that struck the region. In a post on social media, Cook expressed, “Our thoughts are with everyone in Myanmar and Thailand who has been…
Apple Continues Leadership Shuffle with New Global Retail Director Role
March 28, 2025 – Apple Inc. is undergoing a series of leadership restructuring initiatives, with a newly created role of “Global Retail Director,” according to Bloomberg’s Mark Gurman. The tech giant has promoted Vanessa Trigub to the position of “Vice President of Retail Stores and Operations.” Trigub, who previously oversaw retail operations and store management…
Qualcomm Accuses Arm of Monopoly Practices Across Three Continents, Chip Architecture Licensing Model at Risk of Overhaul
March 26, 2025 – UK-based chip design firm Arm, since its acquisition by SoftBank, has gradually shifted its business model from a provider of basic architectures to a full-fledged chip designer. Bloomberg, citing sources familiar with the matter today, reports that Qualcomm has submitted confidential documents to the European Commission, the U.S. Federal Trade Commission…
SoftBank Speeds Up AI Innovation with $6.5 Billion Cash Acquisition of Ampere
March 20, 2025 – In a recent announcement, SoftBank Group has revealed a deal with US-based chip design firm Ampere, where the Japanese conglomerate will acquire 100% ownership of Ampere through a wholly-owned subsidiary in an all-cash transaction valued at $6.5 billion. Under the terms of the agreement, Ampere will continue to operate as a…
Google’s Biggest Acquisition Yet: $32 Billion Cash for Cloud Security Firm Wiz
March 19, 2025 – In a major move today, Google announced its acquisition of New York-headquartered cloud security startup Wiz for a whopping $32 billion in an all-cash deal, subject to potential adjustments upon final settlement. Upon completion, Wiz will be integrated into Google Cloud. This acquisition marks Google Cloud’s strategic investment in two rapidly…
Apple Faces Tougher Scrutiny in Germany as Court Dismisses Appeal
March 19, 2025 – Apple Inc. suffered a setback this Tuesday as the German Federal Supreme Court dismissed its appeal against the country’s antitrust authority, paving the way for tighter regulatory scrutiny of the tech giant in Germany. The ruling upholds the decision by the German Cartel Office in 2023, which designated Apple as a…
Adobe Stock Hits Lowest Since May 2023 Amid AI Monetization Doubts
March 14, 2025 – Adobe’s shares dropped by 8.6% today, reaching their lowest level since May 2023. This decline followed the company’s announcement on Wednesday of its second-quarter revenue guidance, which is expected to range between 5.77billionto5.82 billion, aligning with market expectations. According to Reuters, Adobe is confronting fierce competition from startups while making slow…
Buffett’s 2025 Letter: A Lifetime of Reliance on Stocks without Special Talents
February 23, 2025 – Berkshire Hathaway, the company owned byWarren Buffett, released its annual letter to shareholders yesterday evening. In the letter, Buffett revealed that Berkshire’s performance in 2024 exceeded expectations, with operating earnings reaching $47.4 billion and a stock market return of 25.5%, surpassing the S&P 500’s gain of 25%. Over the long term,…