Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions

Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is nothing short of remarkable. The tech giant has witnessed robust growth across its suite of apps and continues to forge...

Tesla’s Disappointing Q1 2024 Results: Double-Digit Declines in Automotive Revenue, Net Profit

Tesla has been struggling with the low demand for its electric vehicles (EVs), as evidenced by its first quarter 2024 earnings report. During this period, the EV company produced 433,371 vehicles with a 1.69% YoY decline and delivered 386,810...

India’s Top 3 IT Firms Let Go 65k Employees in FY24: Is Automation the Culprit?

Tech industry layoffs post-Covid have been a major concern, affecting white-collar employment in India. This trend isn't confined to startups alone; India's top three IT firms - TCS, Infosys, and Wipro - laid off their 64,759 employees in fiscal...

Tech Layoffs in 2024 Showing No Sign of Slowing Down: Google and Tesla Among the Hardest Hit

When layoffs in tech companies peaked in 2023, industry analysts attributed this surge to excessive hiring during the Covid-19 pandemic era of 2021 and 2022, and strategic business segment closures. As we move into 2024, the trend of workforce...

Rising Technical Errors on Amazon Prime Video Spark Frustration Among Viewers

The global OTT streaming industry is currently dominated by Netflix, Amazon Prime Video, and Disney+ platforms. These platforms strive to deliver the highest-quality new movies and series to their viewers. However, a recent development has revealed that Amazon's video...

Elon Musk’s Starlink: An Emerging Threat to Reliance Jio and Airtel’s Dominance in India?

The dominance of Reliance Jio and Bharti Airtel in India's telecom sector is poised to be challenged by a global company owned by Elon Musk. We are talking about Starlink. Elon Musk's visit to India is reportedly scheduled for...

Elon Musk and Mukesh Ambani Are Joining Hands? A Game-Changing Alliance to Leave Competitors in the Dust

When the world's two most powerful and influential business tycoons join hands, something really enormous is supposed to happen. Isn't it? We are talking about Elon Musk and Mukesh Ambani. Their respective companies, Tesla and Reliance, are reportedly in...

Why Ola & Uber’s Subscription Plans Might Leave Tax Authorities Scratching Their Heads?

The competition in India's dynamic ride-hailing market is heating up with each passing year, prompting companies to explore innovative strategies to attract customers. In a bid to expand their market share, Ola and Uber are taking a page from...

Rise of Zero-Day Vulnerabilities: Enterprise Software Now a Prime Target for Hackers With 64% YoY Surge

In the fast-paced world of cybersecurity, "zero-day" vulnerabilities loom as a formidable challenge for tech giants investing billions in enhancing user experiences. These vulnerabilities are mostly software flaws that developers fail to detect, leaving no immediate patches or fixes...

Global Tech Layoffs in Q1 2024: Over 57,000 Job Losses and Counting

The global tech industry continues to grapple with workforce reductions, extending the challenges faced in 2023 into 2024. Prominent players such as Amazon, Apple, Dell, Byju’s, Expedia, and Cisco have executed significant layoffs across departments. Data from Layoffs.fyi reveals...
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Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions

Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is...
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