Digital

Snap posts revenue of $4.1 bn and net loss of $488 mn

Snap, the parent company of Snapchat, has reported $1.3 billion in revenue (up 42 percent) with a net income of $22.6 million in the...

Google announces Workspace Essentials Starter

Google announced Workspace Essentials Starter that will allow users to sign up for no-cost access to Google Docs, Sheets, Slides, Drive, and Meet, more...

Hackers grab $326 mn from blockchain bridge Wormhole

Hackers have stolen cryptocurrency worth over $326 million from blockchain bridge Wormhole. Wormhole is a platform that allows users to transfer cryptocurrency across different blockchains. The...

Meta shares sink 20% as Facebook loses daily users for the first time

Facebook owner Meta Platforms Inc’s shares plunged more than 20 percent late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple’s...

Google advertising business propels 41% rise in Alphabet revenue

Google parent Alphabet reported revenue of $75.32 billion (+32 percent) and operating income of $21.885 billion with 29 percent operating margin for Q4 2021. Google’s...

Crypto party over in India with 30% tax on digital assets

India government announced a 30 percent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will...

Sony responds to Microsoft with $3.6 bn deal for gaming legend Bungie

Japanese giant Sony is acquiring Bungie, the developer of Destiny and the original creator of the popular Halo franchise, for $3.6 billion.Microsoft recently announced...

Google faces $111 mn fine in France over cookies policy

France’s Conseil d’Etat, the country’s supreme administrative court, said it upheld a decision by a watchdog imposing a 100 million euro ($111.46 million) fine...