July 4 (Reuters) – Twitter CEO Linda Yaccarino on Tuesday tweeted a defense of the temporary cap announced July 1 on the number of tweets users can read in a day, and the company said advertising has been stable in the days since the step that drew heavy criticism from users and marketing professionals. Yaccarino… Continue reading Untitled
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Twitter CEO backs widely criticized tweet-reading rate limits Technologycategory · July 4, 2023 · 7:10 PM UTC · ago Twitter CEO Linda Yaccarino on Tuesday tweeted a defense of the temporary cap announced July 1 on the number of tweets users can read in a day, and the company said advertising has been stable in… Continue reading Technologycategory
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July 3 (Reuters) – Meta Platforms (META.O) plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on the social media site. Threads, Instagram’s text-based conversation app, is expected to be released on Thursday and will allow users to follow… Continue reading Untitled
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Exclusive: GTCR nears up to $20 bln FIS merchant business deal-sources Private equity firm GTCR LLC is in advanced talks to acquire a majority stake in the merchant business of payment processing company Fidelity National Information Services Inc in a deal that values the division at between $15 billion and $20 billion, people familiar with… Continue reading Technologycategory
US firm AXT applying for permits after China restricts chipmaking exports
SHANGHAI, July 4 (Reuters) – U.S. semiconductor wafer maker AXT Inc (AXTI.O) said on Monday it would seek permits to keep exporting gallium and germanium substrate products from China, after Beijing abruptly imposed export controls on the metals key to chipmaking. California-headquartered AXT, which has manufacturing facilities in China, said its Chinese subsidiary Tongmei would… Continue reading US firm AXT applying for permits after China restricts chipmaking exports
Tesla’s blistering rally continues after quarterly deliveries beat
July 3 (Reuters) – Tesla (TSLA.O) shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on its premarket share… Continue reading Tesla’s blistering rally continues after quarterly deliveries beat
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NEW YORK, July 3 (Reuters) – The massive rally in Apple’s shares is forcing some fund managers to revisit a thorny dilemma: they may not own enough of the stock. Apple’s share price has soared 49% so far this year, ballooning its weight in stock indexes to record levels and pushing its market capitalization over… Continue reading Untitled
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Panasonic needs four more EV battery plants, executive says
[1/2]Panasonic Energy Co.,Ltd. CTO Shoichiro Watanabe talks about their strategy at the company headquarters in Moriguchi, Osaka prefecture, Japan, June 30, 2023. REUTERS/Miho Uranaka OSAKA, Japan, July 3 (Reuters) – The battery arm of Japan’s Panasonic (6752.T) will need to build four more factories to reach its target for a sharp boost in annual capacity… Continue reading Panasonic needs four more EV battery plants, executive says