Apple recently announced that its chief financial officer, Luca Maestri, will be stepping down from his role at the beginning of next year. Maestri will continue to work at Apple as the head of the corporate services team, overseeing information systems and technology, information security, and real estate and development. Financial Growth Under Maestri Since
revenue
Pavel Durov, the co-founder of Telegram, has been a prominent figure in the tech world since he launched the platform in 2013. With a focus on privacy and freedom, Telegram quickly gained popularity, reaching 950 million users by 2022. Durov’s background in launching VKontakte (VK) and his experiences with the Russian security services shaped his
Workday, the finance and human resources software maker, experienced a significant boost in its shares, rising by 12% on Friday. This surge came after the company announced its fiscal second-quarter results, which surpassed analysts’ expectations across the board. The key figures included an adjusted earnings per share of $1.75, exceeding the expected $1.65, and a
The US Department of Justice, along with eight US states, recently filed a civil lawsuit against Texas-based RealPage, a property management software company. The lawsuit alleges that RealPage employs algorithms to enable collusion among landlords, which ultimately harms renters across various US markets. According to the Department of Justice, RealPage has a monopoly over commercial
The recent civil lawsuit brought by the US Department of Justice against RealPage, a Texas-based firm specializing in commercial revenue management software for landlords, sheds light on the allegations of market manipulation within the rental housing industry. The lawsuit claims that RealPage’s algorithm effectively facilitates coordination among landlords by providing suggested pricing based on rental
Snowflake, a data cloud analytics company, reported $869 million in revenue for its fiscal second quarter, surpassing Wall Street’s expectations of $851 million. The company’s product revenue stood at $829.3 million, representing a 30% year-over-year increase. However, there was a slight deceleration in growth compared to the previous quarter, when product revenue had increased by
OpenAI recently announced a significant partnership with Condé Nast, in which the artificial intelligence company’s products, including ChatGPT and SearchGPT, will now be able to showcase content from multiple well-known publications, such as Vogue, The New Yorker, GQ, and Vanity Fair, among others. This collaboration aims to provide users with faster access to information and
A recent ruling by a US judge has labeled Google as a monopoly, signaling that the tech giant has been using its dominant position in the market to solidify its status further. This decision aligns with the European Commission’s approach towards regulating tech giants like Google, Meta, and Amazon. The acknowledgment that companies like Google
Epic Games, the mastermind behind the global phenomenon Fortnite, has taken a bold step by launching its very own app store. This move allows users to bypass the established stores of tech giants Apple and Google, marking a significant shift in the mobile gaming industry. After years of legal battles and advocacy efforts, Epic Games
Google is now expanding its AI Overviews in Search, which is set to have a significant impact on how users interact with search results. This move has the potential to change the way websites receive traffic and could pose a challenge for SEO strategies. After initial testing, Google has decided to expand its AI Overviews