Twitter is going to be experiencing some leadership changes after nine years.
Twitter announced that its Customers Lead executive, Matthew Derella, is resigning from his role after serving for nearly a decade. He is going to be replaced by Sarah Personette who serves as Twitter’s VP of Global Client Solutions currently. …
Turntide is making big purchases from the proceeds of its recent funding round.
American electric vehicle company, Turntide Technologies, garnered $225 million from its funding round. Some of the investors who were a part of the funding round include Breakthrough Energy Ventures, Jones Lang LaSalle Inc, and others.
Turntide Technologies channeled the funds that were derived from the funding round into the purchase of three companies: AVID Technology, BorgWarner Gateshead Ltf, and Hyperdrive Innovation’s transport arm.
The CEO of Turntide Technologies, Ryan Morris, explained that the decision to purchase all three companies is aimed towards enhancing the company’s position in the new electric vehicle markets.
Turntide’s technology is to be used in electric cars starting from 2024.
A new cryptocurrency company wants to give every person on earth a piece of its special cryptocurrency but there is a condition.
Worldcoin is a cryptocurrency startup company under the leadership of the former CEO of Y Combinator, Sam Altman, Alexander Blania and Max Novendstern. Worldcoin announced its intention to give every person in the world its cryptocurrency on the condition that they get their eyes examined.
Uganda is receiving a helping hand towards the recuperation of its economy.
The International Monetary Fund announced via an official statement that the organization giving $1 billion to Uganda. The aim of this fund is to help the country’s economy recuperate from the effect of the COVID-19 pandemic.
The loan was disbursed under the IMF’s Extended Credit Facility and will span over…
The world’s largest social media company is now worth $1 trillion.
American social media company, Facebook, hit the $1 trillion market capitalization. This makes Facebook the fifth American company to do this. This was due to the company’s shares trading at $355.64 and recording a 61.2% in profit increment.
Mark Zuckerberg’s net worth has increased to $132 billion following this new development. The founder of Facebook is currently the fifth richest person in the world. He is also the youngest person to be worth over $100 billion.
Facebook was probed by the Federal Trade Commission on the ground of antitrust. Yet, the final verdict was in the company’s favour.
Financial analysts have predicted that Facebook’s shares will surge by more than 20%. This is due to an increase in the number of investors who will be buying its shares.