24, Meta closed at $390 a share to
pass $1 trillion in market cap, CNBC reports.
.
The last time that the company surpassed $1 trillion in market cap was in 2021 under the Facebook name.
The last time that the company surpassed $1 trillion in market cap was in 2021 under the Facebook name.
That was also the first time
the company reached the milestone.
.
Meta's improved stock performance
follows a surge of almost 200% last year.
The surge came as CEO Mark Zuckerberg implemented cost-cutting tactics such as laying off over 20,000 people.
The surge came as CEO Mark Zuckerberg implemented cost-cutting tactics such as laying off over 20,000 people.
Zuckerberg referred to 2023 as a
"year of efficiency," CNBC reports.
.
The CEO recently announced that
Meta will acquire 350,000 H100 Nvidia graphics cards by the end of 2024...
The CEO recently announced that
Meta will acquire 350,000 H100 Nvidia graphics cards by the end of 2024...
... in addition to "almost 600k H100 equivalents
of compute if you include other GPUs." .
Meanwhile, Microsoft hit a market cap milestone
on Jan.
Facebook and Instagram owner Meta says there’s a huge opportunity in the “super competitive” artificial intelligence (AI) market, with the tech giant spending up to €37 billion this year on developing infrastructure.
Credit: euronews (in English) Duration: 01:47Published
Donald Trump’s a bad man for popping right back up after an assassination attempt, says Mark Zuckerberg … though he’s stopping short of giving him an.. TMZ.com
Mayor of Greater Manchester Andy Burnham has again called for calm after the Manchester Airport video, saying people do not want politicians to exploit the situation for their own political agenda. Roads and tram lines were blocked in Manchester city centre during a Stand Up To Racism demonstration which started outside Andy Burnham’s office on Thursday. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
With just hours to go before the Paris Olympics opening ceremony, France's high speed rail network has been hit by so-called 'acts of sabotage'. Some customers have been left unable to make the journey across the Channel due to the disruption, with others severely delayed. The London to Paris operator, Eurostar, has warned a quarter of services will be cancelled over the weekend - with many others diverted. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Protesters are being urged to listen to the family of a man kicked by a police officer at Manchester Airport and ensure calm prevails after a second night of demonstrations. Rochdale Labour MP Paul Waugh, who has met with the family involved in the incident at the airport, said that the family want to "send out a message of calm" and that their priority is "seeking justice". Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Large queues form at London St Pancras railway station as Eurostar services are being hit by cancellations as a result of a "malicious attack" on the service in France. One in four Eurostar trains will be cancelled on today and over the weekend following “co-ordinated” vandalism which caused disruption ahead of the Olympics in Paris. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride has become the fourth Conservative MP to announce they are joining the race for the party’s leadership. Mr Stride, the MP for Central Devon, said he believed he was the right person to “unite the party”. The former work and pensions secretary retained his seat by just 61 votes at the General Election. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Walgreens Plans , ‘Significant’ Store Closures.
On June 27, Walgreens announced quarterly earnings
that were poorer than expected, NBC News reports.
The company's stock fell 15% in pre-market trading.
CEO Tim Wentworth issued a press release.
We continue to face a difficult operating
environment, including persistent
pressures on the U.S. consumer and the
impact of recent marketplace dynamics
which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.
Our results and outlook
reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.
Wentworth elaborated in an interview with CNBC.
The consumer is absolutely stunned by
the absolute prices of things, and the
fact that some of them may not be
inflating doesn’t actually change their
resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.
On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".
75% of our stores drive 100% of our
profitability today. What that means is
the others we take a hard look at, we are
going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.
The pharmacy chain currently
operates about 8,600 stores
Credit: Wibbitz Top Stories Duration: 01:30Published
US Water System May Be , Vulnerable to Cyberattack, by China, Russia and Iran.
CNBC reports that the United States
water system has been the target of a series
of cyberattacks over the past few years. .
In response, the Environmental Protection Agency
(EPA) has been forced to issue an alert warning
that 70% of water systems do not comply
with the Safe Drinking Water Act.
According to the EPA, some have “alarming
cybersecurity vulnerabilities,” including
unchanged default passwords and former
employees who retain access to vital systems.
In February, the FBI issued a warning to
Congress that Chinese hackers have embedded
themselves into the U.S. cyber infrastructure. .
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Water is among
the least mature
in terms of security, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Stuart Madnick, an MIT professor of engineering
systems and co-founder of Cybersecurity at
MIT Sloan, warns that an attack that shuts off
water to the population is the main concern.
We have demonstrated in our
lab how operations, such as
a water plant, could be shut
down not just for hours or
days, but for weeks, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
CNBC reports that budgets, outdated
infrastructure and an overall reluctance to take
action may prevent necessary fixes from
being made before a serious attack.
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of China’s
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
It’s patently absurd that Apple isn’t
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
The glitch was caused by a corrupted update which caused computers running Windows to crash. That caused havoc across much of the world with flights unable to take off or land, some businesses unable to take card payments and hospitals having to cancel operations.
Credit: euronews (in English) Duration: 01:09Published
A global IT outage caused by a faulty CrowdStrike software update disrupted businesses worldwide on Friday. The glitch affected Microsoft Windows users, causing widespread system crashes known as the "Blue Screen of Death." Airlines, banks, and media outlets faced significant disruptions, with some airports resorting to handwritten boarding passes. CrowdStrike, a major cybersecurity provider serving many Fortune 500 companies, has deployed a fix but warns full recovery may take time. The incident has raised questions about over-reliance on single software providers and the importance of thorough quality checks before updates are released.
#GlobalITOutage
#CrowdStrikeGlitch
#TechDisruption
#CyberSecurityFail
~HT.97~PR.282~ED.102~
Microsoft said that its cloud services outage in the Central US region was resolved after it led to the grounding and cancellation of several flights. Frontier Airlines, Allegiant and SunCountry reported outages that affected operations. Frontier said that it was in the process of resuming normal operations and that the ground stop had been lifted.
#flightcancelledduetoitotage #flightdelayedinUS #microsoftotage #oneindia #oneindianews
~HT.178~ED.101~PR.274~GR.344~
An update to software from global cyberscurity firm CrowdStrike appeared to be the trigger for Friday's massive computer systems outage, with computers running Microsoft Windows most affected, grounding flights in the United States, derailing television broadcasts in the UK and impacting telecommunications in Australia.
#MicrosoftOutage #MicrosoftOutageNews #MicrosoftWindows #cybersecurityconcern #oneindia #oneindianews
~HT.178~ED.102~GR.344~
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