The Trump Media and Technology Group (TMTG), the owner of Truth Social, experienced a significant setback in the first quarter of 2024. The company revealed a staggering loss of over $300 million during this period, marking a stark difference from the modest net losses reported in the previous year. With only $770,500 in sales generated,
Sales
As the tech world eagerly anticipates Microsoft’s Build developer conference, the focus shifts to the company’s cutting-edge artificial intelligence projects. Unlike its competitors, Microsoft has a distinct advantage in the AI race due to its ownership of Windows, which boasts a massive PC userbase. CEO Satya Nadella’s bold proclamation that by 2024, AI will become
Recent reports from anonymous sources suggest that the next Call of Duty game will be available on Game Pass on its release day. This move would align with Microsoft’s ongoing strategy of including all of their first-party games on Game Pass. However, there were initial doubts regarding whether this would apply to Call of Duty,
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Sony recently announced a 7% drop in annual profits for the fiscal year 2023, largely due to a decline in its financial services division. Despite the decline, the company managed to exceed revenue expectations with 3.5 trillion yen ($22.4 billion) versus the expected 2.89 trillion yen. This represents a 14% increase year-over-year, marking the first
The relationship between Evolv and former members of the NYPD raises eyebrows regarding the company’s motives and the potential implications for public safety. The overlap between Evolv executives and ex-police officers, including Banks and Adams, suggests a close connection that may affect the decision-making process when it comes to implementing Evolv’s technology in public spaces.
SoftBank recently announced a significant gain of 724.3 billion Japanese yen ($4.6 billion) on its Vision Fund in the fiscal year that ended in March. This marks the first time since 2021 that the flagship tech investment arm has been in the black, showing a clear turnaround from the previous year’s 4.3 trillion yen loss.
The recent announcement regarding the mandatory linking of Steam accounts to PlayStation Network (PSN) accounts for Helldivers 2 players on PC has sparked a significant backlash within the gaming community. Within just two days of the announcement, the game has received a staggering 100,000 new negative reviews on Steam. This drastic shift in user reviews
Coinbase recently released its first-quarter earnings report, surprising analysts with better-than-expected revenue. Despite this positive news, the stock saw a 2% decline in extended trading. The company reported earnings of $4.40 per share, significantly higher than the $1.09 average analyst estimate. Additionally, Coinbase generated revenue of $1.64 billion, surpassing the expected $1.34 billion. One of
TikTok recently announced a new multi-dimensional licensing agreement with Universal Music Group (U.M.G.), marking a significant step forward for the platform. This joint agreement signifies a new era of strategic collaboration between the two organizations, with a shared commitment to supporting U.M.G.’s artists and songwriters in achieving their creative and commercial potential. By leveraging TikTok‘s