Meta revenues fall for the first time in June 2022 quarter

Meta, Facebook parent company, reported its first-ever revenue decline in the June 2022 quarter (Q2 2022). According to its second quarter 2022 results report, total revenue decreased by 1% year on year to $28.8 billion, and the company anticipates a further revenue decrease in the third quarter (July to September) to around $26 billion. Meta … Read more

Samsung has the world’s first 3nm GAA-Based chips next week

Samsung has reportedly announced a launch for Monday, July 25. The firm began mass production of advanced semiconductors on June 30. The Gate-All-Around (GAA) transistor architecture is used in Samsung 3nm chips. It is a new chip architecture that improves performance and power over the current FinFET (Fin field-effect transistor) architecture. It also allows for … Read more

Facebook updates to let users view feeds in chronological order

Facebook is gradually rolling out a new update that will allow users to view their feeds in chronological order. The Facebook app for Android and iOS will receive a new tab called ‘Feeds,’ which will be located next to the main Home tab. It allows you to quickly access content from “people and communities you’re … Read more

Netflix subscriber count continues to fall

Netflix subscriber base is continuing to decline. On Tuesday, the company released its second-quarter earnings statement (Q2 2022), as well as an earnings interview in which it highlighted subscriber losses for two consecutive quarters for the first time in its history. It lost nearly 970,000 paid subscribers in the June quarter, which was still less … Read more

Netflix launches new ad-supported subscription, let’s know about it

Netflix is partnership up with Microsoft to launch its first ad-supported subscription service. The company announced that Microsoft will be its global advertising technology and sales partner in an announcement. Netflix announced in April that it would launch a new ad-supported subscription service with lower prices for customers. The announcement came after Netflix reported a … Read more

Nikon is reportedly exiting the market for SLR cameras

Nikon is rumoured to be discontinuing the development of single-lens reflex (SLR) cameras soon. According to a new report, the Japanese camera manufacturer will focus on digital offerings after SLR sales have declined due to intense competition from smartphone manufacturers. Read More: iQOO 10 Pro series launched on July 19, company confirmed Professional photographers rely heavily … Read more

Twitter is now taking a legal action to Elon Musk

Elon Musk announced on Saturday the cancellation of the $44 billion Twitter deal he proposed just a few months ago. According to the billionaire lawyer, the social media platform violated multiple provisions of the merger agreement, prompting Musk to withdraw from the deal after multiple warnings. Twitter is now pursuing legal action against Musk, but … Read more