Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion
October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…
Three Months After Layoffs, Tesla Launches Significant Hiring Initiative
July 17, 2024 – Tesla is in the process of hiring nearly 800 new employees, just three months after CEO Elon Musk issued the largest layoff order in the company’s history. According to Bloomberg’s analysis, new job postings have appeared on Tesla’s career page in recent weeks, ranging from artificial intelligence experts to service positions….
J.P. Morgan Slashes Apple’s Stock Target: iPhone Demand Slowdown & Services Under Pressure
June 27, 2025 – AppleInsider, a well – known tech media outlet, reported yesterday that J.P. Morgan has revised its price target for Apple’s stock downward, cautioning about a potential slowdown in iPhone demand due to an early buying spree and waning interest in new models. In an investor report, the financial institution lowered its…
Apple Unveils New Miami Store with a Stunning Rooftop Garden
January 23, 2025 – Apple has announced the opening of its new retail store in the “Worldcenter” shopping mall in Miami, which is scheduled to officially open its doors on January 24th at 10 am local time. The tech giant revealed that the store’s design incorporates eco-friendly elements, aiming to provide customers with a more…
India’s Push for ‘Fuel Vehicle Ban’: Starts This Year, Targets Completion by 2035
April 7, 2025 – India’s national government is deliberating strategies to combat the severe air pollution crisis in Delhi, with a key proposal on the table being the phased elimination of all pure diesel and gasoline vehicles across the capital and its neighboring regions. This initiative aims to accelerate the adoption of electric vehicles (EVs),…
Musk’s xAI Set to Complete Funding Round, Valuation Could Top $24 Billion
May 24, 2024 – According to sources familiar with the matter, as quoted by Bloomberg, Elon Musk’s artificial intelligence venture, xAI, is on track to complete a funding round in June, potentially pushing its valuation to over $24 billion. Initially, the company had aimed to secure around $6 billion in funding earlier this month. However,…
Expanding Accessibility: Google Introduces Real-Time Captions and More
May 19, 2023 – In a bid to enhance accessibility for individuals with disabilities, Google has unveiled a range of new assistive features on May 18th, coinciding with the “Global Accessibility Awareness Day.” Google’s latest assistive features are designed to improve the user experience across various services, including the Google Chrome browser and Android devices….
After CrowdStrike’s ‘Global Thanos Snap,’ 10% of German Firms Opt for New Security Vendors
September 20, 2024 – According to a report published by theregister on September 19th, the German Federal Office for Information Security (BSI) has revealed that one out of every ten organizations in Germany has abandoned their current supplier’s products due to the CrowdStrike incident in July. The BSI released the findings of a survey conducted…
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,…
Galaxy S23 FE Clears BIS Certification, Launch Date Set for This Quarter
August 03, 2023 – Amidst the hustle and bustle of the tech world, anticipation rises for Samsung’s upcoming flagship, the Galaxy S23 FE. Reports from various sources have hinted at its impending release in the current quarter, setting the stage for tech enthusiasts to eagerly await its arrival. The Galaxy S23 FE is expected to…