Business and Economy

Business and Economy Latest News

A year after Musk's Twitter takeover, X remains mired in turmoil
A year after Musk's Twitter takeover, X remains mired in turmoil
by  AFP

A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust. - Money matters - Over the past year, the platform's advertising business partially collapsed as marketers soured on X. Insider Intelligence forecasts that X will finish 2023 with $2.98 billion in ad revenue, compared to $4.14 billion in 2022.

Meta quarterly profit jumps but it sees volatility in ad market
Meta quarterly profit jumps but it sees volatility in ad market
by  AFP

Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure as it looks ahead at a volatile ad market and lawsuits accusing it of profiting from "children's pain." Dozens of US states this week accused Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.

Energy

Money

Industry

Technology

Economy