Computing

Amazon holiday quarter profit doubles

Amazon has reported its profit doubled to $14 billion in the crucial holiday quarter, giving a boost to jittery markets that expected less due to higher labor, sourcing and delivery costs.

The e-commerce colossus said its net sales climbed to $137 billion, and its profit benefited greatly from a return on investment in electric vehicle maker Rivian, which went public in November.

The Collapse of Meta reached $230 Billion a Day - Record for an American Company

The owner of the social network "Facebook" - Meta collapsed in the market with 230 billion dollars - an unprecedented loss for an American company in just one day. Shares fell 26.4% after investors were disappointed by data for the last quarter of 2021.

Meta Shares Fell more than 22%

IBM bolsters investments in CEE, extends Client Engineering in Prague, Warsaw and Moscow

IBM Client Engineering fosters innovation in the region, providing an enhanced customer experience focused on co-creation, technical eminence, and speed Prague, Warsaw, Moscow - January 31, 2022: IBM (NYSE: IBM) today announced the expansion of its Client Engineering team in Central and Eastern Europe (CEE) for customers and business partners.

Meta Shares Fell more than 22%

The shares of the American company Meta on the New York Stock Exchange fell nearly 22 percent after trading was finished on Wednesday and after posting quarterly gains with weak growth forecasts and lower net income. According to the trading platform, an hour and a half after the end of the trading session, the company's quotations on the electronic exchange NASDAQ fell by 22.35%.

Government to scrutinize TV shows to ‘protect core values’

A presidential circular published on the Official Gazette has said necessary steps will be taken to "counter" the "harmful" effects of TV shows that are against the core values of the society.

The circular added that it has been seen observed that some local adaptation of foreign TV shows include such elements.

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