Connect with us

Tech

Bad Apple on Wall St – tech giant loses top spot

Published

on

Apple is in hot water at the moment, losing its position as the world’s most valuable company

This comes as investors sell-off tech stocks as they move into what they see as less risky assets.

Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPhone maker for the first time in almost two years.

Shares in Apple fell by more than 5% in New York on Wednesday to end the trading day with a stock market valuation of just over 2 trillion dollars.

In fact, it’s been a rocky year for apple, shares have fallen by almost 20 per cent since the start of the 2021

That meant it lost its position as the most valuable company in the world to oil and gas producer Aramco

This is the first time the oil giant has held the top spot of the podium since 2020

Shares in energy producers have risen this year as the cost of crude oil and natural gas have gone up.

Business

Food delivery drone crashes into powerlines

Published

on

Thousands of people have been left without power after a food delivery drone crashed into powerlines

Power was restored after 45 minutes after the drone made a pre-cautionary landing.

‘Wing’ is the company behind the incident who use drones for their food delivery services.

A spokesperson for Energex, the company who supplies power to the 300-affected homes says drones can be dangerous.

It’s believed these instances are very rare and the meal was still hot when emergency crews arrived at the scene.

Continue Reading

Tech

Meta’s hiring freeze a result of economic slowdown

Published

on

Meta’s hiring freeze is the latest indication that even tech giants are feeling the pinch of the struggling economy

META’S HIRING FREEZE | Meta’s CEO Mark Zuckerberg has told employees the company is going on a “hiring freeze.”

He says there might also be more layoffs in the future and pointed the blame at the global economy and Apple.

Meta’s revenue has been taking a hit because of the global economic slowdown, and Apple’s recent change to its ad tracking policies hasn’t helped matters either.

Mark Zuckerberg

As a result, Meta’s stock price has plunged more than 50% this year.

In May, Zuckerberg warned that Meta might have to make some “tough choices” in the form of layoffs.

But by June, he sounded more optimistic, saying that Meta was “well-positioned” to weather the economic storm.

Now it looks like those tough choices are finally being made.

Continue Reading

Business

Apple exec fired over crude TikTok video

Published

on

Apple’s vice president of procurement, Tony Blevins, has been fired from the company after his crude remarks in a TikTok interview went viral

Apple has fired its vice president of procurement, Tony Blevins for making crude comments in a viral TikTok video.

It all started with an interview that went horribly wrong. Creator Daniel Mac posted a video where he asked Blevins what he does for a living, and Blevins response didn’t reference anything respectable.

“I race cars and play golf and fondle big-breasted women. But I take weekends But I take weekends and major holidays off,” Blevins replied.

The video has been viewed over 1.3 million times.

The video didn’t identify Blevins by name and didn’t reference his position at Apple, though Blevins does note that his job offers “a hell of a dental plan.”

But Apple moved quickly to fire Blevins, saying the comments don’t align with their values and respect of women.

Apple is known for being a family-friendly company, so it’s no surprise that they wouldn’t want an employee making crude jokes on TikTok.

This just goes to show that you should be careful what you say on social media.

Ton Blevins

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD