Tag: Big Tech
Sinking AI darlings drag Nasdaq 100 into correction territory: Amazon, Tesla, Nvidia, Microsoft, Intel, Google
The violent rotation from Big Tech plunged the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over…
US stock market plunges due to recession fears, rising unemployment, falling big tech stocks
The US stock market tumbled on Friday due to concerns that the economy is under pressure from high interest rates and unemployment, according to a…
agnikul: Space startup Agnikul delays maiden rocket launch again
Indian aerospace startup Agnikul Cosmos postponed the maiden launch of its Agnibaan rocket again, people at the launch site said on Saturday, citing technical issues….
Tech layoffs: Why is Big Tech still cutting jobs?
After a year of big layoffs, job cuts at the tech industry’s largest companies trickled into the first month of 2024. Google started the year…
Tech Rally Sputters as yields rise before Powell: Markets wrap
A rally in big tech fizzled out as bond yields rose, with traders wading through remarks from a slew of Federal Reserve officials and awaiting…
Facebook owner Meta starts final round of layoffs
Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter,…
Startups: Entrepreneurs flag lack of ‘credence’ as IAMAI not representing their interests, favouring Big Tech
India’s top internet entrepreneurs are up in arms against what they term as a lack of “credence” in nodal industry grouping, the Internet and Mobile…
Startups: IAMAI to flag house panel views on digital competition to antitrust law committee; startups not on board
Indian startups plan to oppose the draft views prepared by the Internet and Mobile Association of India (IAMAI) for submission to a committee that is…