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Tech

Meta’s stock is wrapping up a record year, spurred by cost cuts

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Meta is celebrating a triumphant year-end as its stock surges to unprecedented heights.

The remarkable turnaround can be attributed to a series of strategic cost-cutting measures that were implemented in the wake of a catastrophic incident in 2022.

In 2022, Meta faced a major crisis when a damaging news headline exposed significant privacy breaches and data leaks within the social media giant.

The public’s trust in the company was severely shaken, resulting in a sharp decline in its stock value.

However, Meta’s leadership responded decisively by prioritizing user data security and implementing stringent cost-cutting measures.

These actions not only restored public confidence but also streamlined the company’s operations, leading to impressive financial gains throughout 2023.

As the year draws to a close, Meta’s stock is now trading at record highs, marking a remarkable recovery from the challenges of 2022.

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Tech

EV market shifts as prices are slashed

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Recently, there’s been a noticeable shift in the electric vehicle market, with major players like Nissan, Polestar, and Peugeot offering unprecedented discounts of $15,000 or more below the recommended retail price.

BYD have abandoned their fixed-price models in favour of traditional franchise dealerships. Could this trend reverse? Amidst these developments, Australia anticipates the launch of its first plug-in hybrid utility vehicle, the BYD Shark, following its global debut in Mexico last week. Stay tuned for further updates. #Featured #Trending

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News

Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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Leaders

Is cloud technology the solution for every organisation’s needs?

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Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

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