Tech - Spark Newswire

1 minute read

Roblox Secures $150M Government Funding After Silicon Valley Bank’s Collapse

March 15, 12:35 PM

Silicon Valley Bank (NASDAQ: SIVB), one of the leading banks for startups and tech companies, recently experienced a massive bank run when panicked investors tried to withdraw their money en masse.

RBLX

1 minute read

Roblox Average Bookings Per Daily Active User Falls In February, Updates On Silicon Valley Bank Exposure

By Anusuya Lahiri

March 15, 12:20 PM

On Wednesday, Roblox Corp (NYSE:RBLX) released specific critical metrics for February 2023. Roblox’s daily active users (DAUs) were 67.3 million, up…

RBLX

5 minute read

Apple Eases On Bonus & Hiring, Federal Reserve Mulls Tougher Rules After SVB Failure, Meta-Backed Undersea Cable Project Delayed By China: Today’s Top Stories

By Vandana Singh

March 15, 10:13 AM

Reuters Fed Mulling Tougher Rules For Midsize Banks After SVB Crash

AAPL

1 minute read

GDS Clocks 10% Topline Growth In Q4 Backed By Net New Bookings; Updates On International Expansion

By Anusuya Lahiri

March 15, 9:52 AM

GDS Holdings Ltd (NASDAQ:GDS) reported fourth-quarter FY22 net revenue growth of 9.9% year-on-year to $348.6 million, beating the consensus of…

GDS

2 minute read

Apple Joins Cost Cut Bandwagon, Eases On Bonus, Hiring, Triggers Employee Fears Of Layoffs

By Anusuya Lahiri

March 15, 8:58 AM

Apple Inc (NASDAQ: AAPL) is postponing perks for some corporate divisions and expanding a cost-cutting effort joining its peers in streamlining operations amid business slowdown and economic uncertainties.

AAPL

1 minute read

Alibaba Reaches Fresh Deal With China To Boost Hangzhou City’s Digital Economy, Reflecting Improved Relations With Beijing

By Anusuya Lahiri

March 15, 8:54 AM

Alibaba Group Holding Limited (NYSE: BABA) assumed a crucial role in Hangzhou city's plans to lure more internet firms amid the "high-quality and healthy development of platform economy" under a deal with the local market regulator.

BABA