Twitter to start layoffs today: Internal email

[ad_1] Twitter will tell employees by email on Friday about whether they have been laid off, temporarily closing its offices and preventing staff access, following a week of uncertainty about the company’s future under new owner Elon Musk. The social media company said in an email to staff that it will alert employees by 9 […]

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Global smartphone shipments decline due to poor demand, only Apple sees growth: Canalys

[ad_1] While shipments of high-end smartphones were up, the overall demand for smartphones fell in the third quarter of 2022. This led to a 9 per cent overall drop in shipments in the quarter, suggests a new report by Singapore-based research firm Canalys. The major reason behind the decrease is a drop in demand. ‘The […]

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Apple’s holiday quarter may face pressure from inflation, weak China demand

[ad_1] Apple Inc’s earnings report on Thursday may show the best quarterly sales growth for iPhones this year but it could still foreshadow a difficult holiday period as China demand slows and inflation hits multi-decade highs. Analysts expect iPhone sales to rise 11% in the fiscal fourth quarter ended September, according to Refinitiv, thanks to […]

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Tech’s biggest companies are sending worrying signals about the economy

[ad_1] Google this week reported a steep decline in profits. Social media companies such as Meta said that advertising sales — the heart of its businesses — have rapidly cooled off. And Microsoft, perhaps the tech industry’s most reliable performer, predicted a slowdown through at least the end of the year. Tech companies led the […]

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‘Design and innovation have always been part of Realme’s DNA’: Madhav Sheth

[ad_1] From funky coloured racing stripe designs to paper-inspired back panels that you can actually scribble on, Realme’s lineup of smartphones has made it clear that designs are more than just colours. Incorporating elements like text and texture, the brand has launched at least one phone each year that has brought something unique to the […]

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Meta needs to slash Metaverse spending to ‘get mojo back,’ shareholder says

[ad_1] About a year after Facebook changed its name to Meta Platforms Inc. to highlight its new focus on the metaverse, long-term shareholder Altimeter Capital Management has called on the company to rein in its spending on the bet. Meta has lost focus and its shares are underperforming peers, Brad Gerstner, chief executive officer of […]

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Gaming is booming. That’s catnip for cybercriminals.

[ad_1] Millions of people escaped the drudgery of the COVID-19 pandemic’s first year by turning to video games, where they could cast spells, kill zombies and compete as their favorite athletes. These virtual worlds also lured a different kind of enthusiast — the kind who sought to steal people’s personal information and real-world dollars. In […]

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Meta accepts UK order to sell Giphy after antitrust battle

[ad_1] Britain’s competition regulator ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after its view that the acquisition reduced innovation in the advertising market was upheld by a tribunal in the summer. Meta said it would accept the Competition and Markets Authority’s (CMA) order to unwind the 2020 deal. “We are disappointed by […]

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5G network rollout: Nokia, Ericsson bag Jio’s $3-bn contracts

[ad_1] Reliance Jio, the country’s largest telecom service provider, on Monday awarded long-term contracts to global gear makers Ericsson and Nokia to roll out its standalone 5G network. Though the value of the contracts was not disclosed by the companies, industry estimates have pegged the total value around $3 billion, divided equally between the two […]

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Global PC sector suffers worst drop as China chip curbs loom

[ad_1] The global PC market saw its steepest decline on record as economic uncertainty and a glut of unsold inventory dented shipments for the fourth quarter in a row. Worldwide shipments of desktop and laptop computers fell by 19.5% in the third quarter of 2022 compared with the year-ago period, according to research firm Gartner. […]

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