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TikTok faces scrutiny in Washington again

May 1, 2024
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Once more, TikTok finds itself under congressional scrutiny, with House Republicans introducing a contentious bill into a foreign aid package aimed at assisting Israel and Ukraine. If passed, this legislation could potentially result in a nationwide ban on TikTok.

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CEO Satya Nadella announces Microsoft’s $1.7 billion investment in AI infrastructure in Indonesia

April 30, 2024
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On Tuesday, Microsoft announced plans to invest $1.7 billion in Indonesia over the next four years for the development of new cloud and AI infrastructure. This announcement coincided with a meeting between CEO Satya Nadella and Indonesian President Joko Widodo on the same day.

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Tesla’s Autopilot system has a ‘critical safety gap’ tied to numerous collisions, as per federal regulator

April 26, 2024
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Federal authorities have stated that a significant safety deficiency in Tesla's Autopilot system played a role in at least 467 accidents, with 13 resulting in fatalities and numerous others causing serious injuries.

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Snap stock surges due to beating earnings expectations and experiencing significant sales growth

April 26, 2024
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On Friday, Snap stock surged by almost 30% in trading following the Snapchat parent company's report of first-quarter earnings that exceeded expectations by a significant margin. With revenue growth of 21%, one analyst described it as a notable resurgence for the social media enterprise.

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Google’s stock soars following a multibillion-dollar buyback of its shares

April 25, 2024
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Alphabet, the parent company of Google, rebounded from a challenging day for tech stocks with a surge in its stock price after Thursday's closing bell. This turnaround was achieved by distributing billions of dollars to investors.

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Meta will announce first-quarter results after the market closes

April 24, 2024
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Meta, formerly known as Facebook, has become a standout performer on Wall Street since early 2023, when CEO Mark Zuckerberg promised investors a "year of efficiency." The company's stock nearly tripled in value last year, second only to Nvidia among S&P 500 constituents, and has continued its upward trajectory with a 40% increase in 2024.

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Tesla advances new models amid declining profits

April 24, 2024
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Tesla's profits have dropped by more than half this year, prompting the company to accelerate the launch of new models and implement significant job cuts in an effort to reverse its financial decline.

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Oracle relocates its global headquarters to Nashville for proximity to the healthcare sector

April 24, 2024
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On Tuesday, Oracle Chairman Larry Ellison announced that the company will relocate its global headquarters to Nashville, Tennessee, citing proximity to a prominent healthcare hub as a key factor.

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The Dutch government may cease Facebook use due to privacy worries

April 19, 2024
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On Friday, the Dutch government announced the possibility of discontinuing its use of Facebook following a caution from the Netherlands’ privacy regulator regarding the privacy risks associated with the social media platform owned by Meta.

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Google fires 28 workers following protests in multiple cities

April 18, 2024
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On Wednesday, Google terminated 28 employees, as revealed in an internal memo seen by CNBC. The terminations followed a string of protests concerning labor conditions and Google's contract to supply cloud computing and artificial intelligence services to the Israeli government and military.