Lumen Technologies saw its stock price jump 9% after announcing a high-profile partnership with Meta Platforms. This collaboration aims to enhance Meta’s network infrastructure, providing the tech giant with the necessary bandwidth and flexibility to support its rapidly expanding artificial intelligence (AI) operations. This significant boost in Lumen’s market value highlights investor confidence in the […]
Nvidia, the leading AI chipmaker, is facing a steep decline in its market capitalization, now valued at approximately $2.02 trillion. This comes as the United States Department of Justice (DOJ) intensifies an antitrust investigation into Nvidia’s business practices, which has raised serious concerns among investors. The DOJ’s probe focuses on allegations that Nvidia penalizes customers […]
Meta Platforms, Inc. (Nasdaq: META) has released its financial results for the fourth quarter and full year ended December 31, 2023, showcasing significant growth across its operations and a strong commitment to advancing artificial intelligence (AI) and the metaverse. Mark Zuckerberg, Meta’s founder and CEO, emphasized the company’s continued growth and progress in integrating renewable […]
Meta Platforms Inc., the tech giant behind the Facebook ecosystem, reported a 16% year-over-year (YoY) increase in net income, reaching $7.78 billion for the quarter ending June 30, 2023. This robust performance was delivered amid ongoing business realignment and strategic changes, and resulted from an 11% YoY rise in revenue, which totaled $31.99 billion. Mark […]
Shutterstock, a provider of stock photos, has entered into a definitive agreement to acquire GIPHY, Inc. from Meta Platforms in a deal worth $53 million. GIPHY is renowned as the world’s largest collection of GIFs and stickers, serving as a source of casual conversational content. With a massive library of GIFs and stickers, GIPHY garners […]
Bharti Airtel, an Indian telecom major, and Meta Platforms will jointly invest in global connectivity infrastructure and communications platform as a service (CPaaS)- based new-age digital solutions to scale India’s digital infrastructure. The proposed investment is expected to fund the development of new integrated solutions to provide a high-quality seamless experience to businesses and customers […]