Meta Platforms, the parent company of Facebook, WhatsApp, and Instagram, is planning to lay off thousands of employees, potentially affecting up to 20% of its workforce. The job cuts are intended to save costs to fund the company's significant investments in artificial intelligence.
Based on reporting by ad. Translated and condensed by LocalHeadlines.
The European Commission has opened an investigation into Booking.com over concerns that the travel platform is failing to adequately combat fraud and phishing scams. The inquiry aims to ensure the company complies with the Digital Services Act, which mandates that online platforms prioritize user protection and transparency.
Elon Musk is investigating the possibility of merging his companies Tesla and SpaceX to capitalize on shared technological efforts in AI and chip production. While Musk believes the merger could offer significant strategic advantages, the proposal remains in an exploratory phase and would ultimately require approval from shareholders.
Netflix reported an 11.8 percent revenue increase in the third quarter, though this growth rate is lower than the previous year due to rising competition from rival streaming platforms. Despite the slower growth, the company successfully increased its quarterly profit to 3.7 billion dollars and continues to serve 325 million subscribers globally.
SpaceX doubled its quarterly revenue to 14.6 billion dollars, driven by an 830 percent surge in its AI division and continued growth in Starlink subscribers. The company also shifted from a loss to a profit of over 1 billion dollars, though its satellite services remain at the center of international political tensions.
Online bank Revolut has fully restored its services after a major technical failure caused by a power incident at Google Cloud. The outage, which prevented customers from accessing their funds, also affected various other companies and services primarily located in the United Kingdom.
We would like to use Google Analytics cookies to see how the site is used. They are optional — decline and no cookies are set. Privacy Policy