Tech News

Cryptocurrencies, including bitcoin, experienced a significant downturn as reports emerged of Israeli strikes on Iran. Bitcoin slid more than 5.5% to $59,961, while Ether also fell below the $3,000 mark to $2,895 during the Asia session. The market reacted swiftly to news of the attack, with investors flocking to safe-haven assets like gold, oil, and …

Bitcoin dips below $60,000 amid reports of Israeli strikes on Iran. Read More »

TSMC’s Taipei-listed stocks plunged by 6.7% on Friday following its first-quarter earnings report. The report adjusted chip sector growth expectations downwards and maintained capital spending plans, contrary to market anticipations. Taiwan Semiconductor Manufacturing Co (TSMC), the globe’s leading contract chipmaker, anticipated potential second-quarter sales growth of up to 30%. This surge in demand primarily stems …

TSMC shares dip 7% in Taipei amid worries over global chip market outlook. Read More »

Netflix, ticker symbol NFLX.O, experienced a notable decline in its stock value, dropping by as much as 6.22% to $572.58 during premarket trading on Friday. This downturn followed an unexpected announcement from the company stating that it would cease reporting subscriber counts. Additionally, Netflix provided a second-quarter revenue forecast that fell short of expectations among …

Netflix falls post cessation of subscriber tally report, pessimistic Q2 revenue outlook. Read More »

On Thursday, analysts will closely examine Netflix’s (NFLX.O) strategy to sustain subscriber growth following two consecutive quarters of significant increases, particularly in light of projections suggesting that benefits from addressing password sharing may taper off. The streaming giant experienced its most robust growth since the onset of the pandemic during the latter half of 2023, …

Netflix’s subscriber growth under scrutiny as benefits from crackdown on password-sharing expected to diminish Read More »