The recent financial disclosures from Trump Media & Technology Group (TMTG) offer insight into both the company’s struggles and its potential future. The operator of the Truth Social platform released its annual results for 2024, and the outcomes seem to raise as many questions as they answer. With its stock price fluctuating and major losses
Enterprise
In a significant shift, TikTok re-entered both the Apple App Store and Google Play stores on Thursday evening, marking the end of its brief removal from these platforms. The app had faced an abrupt exit on January 18, just before the implementation of a national security law that imposed stringent requirements on its operations in
In a surprising turn of events, Reddit’s stock dropped by 6% following disappointing user growth numbers for the fourth quarter. Despite reporting a 39% year-over-year increase in global daily active unique users, reaching 101.7 million, this figure fell short of market expectations, which anticipated 103.1 million. This discrepancy highlights a critical moment for the social
In a notable turn of events, Arm Holdings has witnessed a remarkable surge of 6% in its stock value following the announcement of its foray into developing proprietary chips. This shift not only highlights Arm’s ambition to innovate but also showcases its acquisition of Meta as an initial client for its upcoming offerings. The Financial
The landscape of digital remittances often resembles a rollercoaster ride, with companies oscillating between rapid growth and sudden headwinds. Recently, Zepz, the UK-based digital remittances firm formerly known as WorldRemit, announced significant layoffs affecting around 200 employees, approximately 20% of its workforce. This move has not only sent ripples through the tech community but also
In an age where celebrities wield unprecedented influence, the recent events surrounding rapper Ye, formerly known as Kanye West, have sparked a firestorm of criticism and concern. With the launch of a website selling swastika t-shirts, promoted during one of the most-watched events in America, the Super Bowl, the implications of this action extend beyond
Founded by Max Levchin, Affirm made its initial mark in the financial sector as a pioneer in the buy now, pay later (BNPL) model. The company’s bold foray into the debit market four years ago introduced a card that enabled users to transition payments over time, representing a significant shift in the way consumers manage
Anduril, a defense technology firm founded by visionary entrepreneur Palmer Luckey, is poised to transform the landscape of military contracting. In recent developments, the startup has taken a decisive leap, aiming to raise $2.5 billion at an eye-popping valuation of $28 billion. This move marks a significant doubling of its valuation compared to just a
The ongoing evolution of artificial intelligence (AI) has led to the emergence of numerous key players, each claiming remarkable advancements in technology. Among these, China’s Deepseek has recently garnered significant attention, especially following a research paper release that claimed a breakthrough in the efficiency and cost-effectiveness of its AI model. This announcement stirred global markets
Verily, originally envisioned as a pioneer in healthcare innovations, has undergone a tumultuous transformation within the Alphabet conglomerate. Initially launching in 2015 as a part of Alphabet’s innovation lab, Verily was conceived with aspirations to revolutionize health technology through ambitious projects, including the development of devices such as continuous glucose monitors. Over the years, the