UK data watchdog to fine NHS vendor Advanced for security failures prior to LockBit ransomware attack

Posted on August 7, 2024 by Techme101

The ICO issued the provisional fine in “failing to implement appropriate security measures prior to the attack.”
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Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth  

Posted on August 7, 2024 by Techme101

African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market.  Given Jumia’s share price of around $5.70 when the stock market opened on Tuesday, the e-commerce company could potentially raise approximately […]
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A US Judge Ruled That Google Is an Illegal Monopolist. Here’s What Might Come Next

Posted on August 6, 2024 by Techme101

Judge Amit Mehta’s ruling has triggered a potentially yearslong process to decide how to punish the company. For users, it could mean a future in which Google isn’t front and center everywhere.

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Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching ‘experiences’

Posted on August 6, 2024 by Techme101

Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services, and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more […]
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Reddit to test AI-powered search result pages

Posted on August 6, 2024 by Techme101

Reddit users will soon see AI-generated summaries at the top of search results.  Reddit CFO Drew Vollero told investors during its earnings call on Tuesday that the company plans to test AI-powered search result pages to “summarize and recommend content.” He noted this will help users “dive deeper” into content and discover new Reddit communities.  […]
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Elon Musk’s support for Trump pushes a corporate customer away from Tesla

Posted on August 6, 2024 by Techme101

Rossmann announced Tuesday it will no longer buy Teslas for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political activism.

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Super Micro announces 10 for 1 stock split

Posted on August 6, 2024 by Techme101

Super Micro announced a 10-for-1 stock split and issued upbeat guidance for the first quarter.

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Reddit reports better-than-expected results for second quarter as digital ad market improves

Posted on August 6, 2024 by Techme101

Reddit reported better-than-expected results in the second quarter, boosted by data-licensing revenue.

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Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

Posted on August 6, 2024 by Techme101
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Rivian lost $1.46 billion in Q2 as it drives towards a VW-linked future

Posted on August 6, 2024 by Techme101

Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost efficient versions — a sign of just how much the company could use the $5 billion that could come its way as part of a recently announced deal with Volkswagen […]
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