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Never Mind Microsoft and Alphabet. This Is the More Ominous Sign for Tech.
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Never Mind Microsoft and Alphabet. This Is the More Ominous Sign for Tech.

In a big week for tech earnings, the most notable results may have come from a memory maker based in South Korea and another lesser known American chip company. While most of the attention is focused on the disappointing earnings and outlooks from Microsoft (ticker: MSFT ) and Alphabet ( GOOGL ), investors should not...

Hard-drive maker Seagate Tech faces China sanctions warning
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Hard-drive maker Seagate Tech faces China sanctions warning

BEIJING — Seagate Technology said Thursday the U.S. Department of Commerce has warned it may charge the computer hard-drive maker with violating restrictions on exports of high-tech products to China. The company said in an SEC filing that it rejected the allegations. It says its hard disc-drives are not subject to U.S. Export Administration regulations,...

Facebook parent Meta reports revenue drop amid Big Tech slump : NPR
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Facebook parent Meta reports revenue drop amid Big Tech slump : NPR

Meta employees demonstrate the Meta Quest Pro virtual reality headset during a media preview at the Meta Store in Burlingame, Calif. on Tuesday, Oct. 25. Nic Coury/Bloomberg via Getty Images hide caption toggle caption Nic Coury/Bloomberg via Getty Images Meta employees demonstrate the Meta Quest Pro virtual reality headset during a media preview at the...

Investors punish Zuckerberg as costly metaverse pitch falls flat
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Investors punish Zuckerberg as costly metaverse pitch falls flat

Oct 26 (Reuters) – Wall Street is losing patience over Meta (META.O) boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs by a fifth in the third quarter. Investors rushed to dump Meta Platforms Inc’s stock after hours, pushing it down 20% and wiping $67...

Elon Musk visits Twitter headquarters ahead of takeover deadline
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Elon Musk visits Twitter headquarters ahead of takeover deadline

Oct 26 (Reuters) – Billionaire Elon Musk said he paid a visit to Twitter Inc’s (TWTR.N) headquarters in San Francisco on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform. “Entering Twitter HQ – let that sink in!” said the caption of a video that Musk tweeted...

Raleigh tech startup raises $12M with plans to hire
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Raleigh tech startup raises $12M with plans to hire

A Raleigh startup is raising millions and using the money to hire. Allstacks announced Wednesday it has received $12.3 million in financing – money CEO Hersh Tapadia said will help the company grow to support anticipated demand. The company works in what it calls “value stream intelligence.” It offers products aimed at helping software firms...