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Google has announced that it plans to acquire Mandiant, a cybersecurity firm founded in 2004, to increase its protection for its cloud customers. If the deal is approved, Google is paying $23 a share, or approximately $5.4 billion, for the publicly-traded firm in a deal expected to close late...
On Tuesday, Amazon filed a lawsuit against companies AppSally and Rebatest, claiming they functioned as fake review brokers on Amazon's online marketplace. The lawsuits were filed in Seattle, Washington's King County Superior Court.  Allegedly, both companies connected consumers with third-party sellers. Amazon says the consumers agreed to leave a positive...
Competition in the virtual reality space continues to amp up as Sony unveils its PlayStation VR2 headset. Executive of Sony, Hideaki Nishino, said in a press release, "Our goal is to create a headset that will not only become an attractive part of your living room decor, but will also...
Snap's fourth-quarter numbers are in, and it turns out that Snap outperformed analysts' expectations of earnings, revenue, and user growth. Analysts from Refinitiv predicted 10 cents per share for the fourth quarter, and Snap's earnings per share came out to 22 cents. They also predicted revenue of $1.2 billion, and...
According to a top industry association, global semiconductor sales have climbed significantly higher due to a worldwide chip shortage, reaching a record half-trillion dollars. Last year, the global semiconductor industry saw sales of an astounding $555.9 billion, the highest amount recorded by the industry and a rise of 26.2 percent...
For years, Amazon has invested in its advertising business while being vague about the revenue details. This changed on Thursday when Amazon disclosed that the 2021 revenue generated for its advertising division was $31.2 billion. The company did not disclose the advertising company's operating income. That number is staggering when...
5G and 6G will soon take over the tech world. And that means older, more antiquated wireless networks will disappear, including the 3G wireless network. 3G is set for extinction in the coming year, and unfortunately, it will be bad news for some vehicle systems. All of the major mobile...
Samsung Electronics announced on Friday that its 2021 fourth-quarter operating profit would likely exceed 50 percent, its highest final quarter profit in four years. The South Korean company said that the gain was likely driven by robust demand for its server memory chips and elevated chip manufacturing margins. The electronics...
The New York Times announced on Thursday that it plans to acquire The Athletic, a subscription-based sports website. The Times hopes the deal will usher in fresh subscribers to its publication while enhancing its sports coverage. The deal is valued at approximately $550 million, and the parties expect to close...
Insignia Systems held on to its month-long rally well into the final December hours, poising itself for its best month since the company’s debut in 1991. The media and digital services firm added almost 20 percent Thursday towards its December rally, which has seen shares multiply fivefold. Retail investors...