Connect with us

Business

World Wide Web source code snapped up in major NFT sale

Published

on

The original source code for the ‘worldwide web’ has been sold as a non-fungible token, for an eye-watering $5.4 million

World-wide-web creator Sir Tim Berners-Lee has sold the NFT to an unidentified buyer, through a British-owned auction house.

The highest bid stood at $3.5 million for most of the last day of the auction – but an underdog came through in the closing 15 minutes

The profits would go towards causes chosen by Sir Tim and his wife

NFTs are certificates of ownership for digital assets… meaning physical representation isn’t really required.

There’s no copyright control set in stone – and critics say they are get-rich-quick schemes that are bad for the environment.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Business

Big tech stocks tumble amid market uncertainty

Published

on

Big tech companies are struggling in the markets this quarter as interest rates rise to battle inflation

Russia’s invasion of Ukraine has devalued tech stocks causing further supply chain disruptions and sending the broad S&P 500 index down about 5 per cent.

Rising interest rates triggered more severe plummets with the S&P dropping another 16 per cent and the Nasdaq Composite index by 22 per cent.

Tesla’s stock took a huge hit sinking to nearly 38 per cent its largest decline since 2010.

Amazon saw similar results falling by 35 per cent the most in over 20 years.

Continue Reading

Business

Google to pay millions to app developers

Published

on

App developers are accusing Google of tempting users into making in-app purchases.

The lawsuit relates to money that was made by app creators for Android smartphones.

The lawsuit was filed in a San Francisco court, where the 48,000 app developers are believed to have been affected.

“Following our win against Apple for similar conduct, we think this pair of settlements sends a strong message to big tech: the law is watching, and even the most powerful companies in the world are accountable when they stifle competition.”

Steve Berman, ATTORNEY FOR the Android developers.

Google says the settlement’s funds will support developers who have made less than USD $2 million in revenue between 2016 and 2021.

“A vast majority of U.S. developers who earned revenue through Google Play will be eligible to receive money from this fund, if they choose,” the company says.

Google says it will charge developers a 15 per cent commission on their first million in revenue.

The court is yet to approve the proposed settlement.

Continue Reading

Business

Tesla deliveries expected to fall – here’s why

Published

on

Tesla deliveries are expected to drop significantly in the second quarter, as prolonged Covid lockdowns in China and supply chain issues take their toll

The company is also struggling to ramp up its new factories, with Tesla boss Elon Musk seemingly distracted by his very public pursuit of Twitter.

Tesla has been plagued by production glitches in China and slow output growth at new factories in both Texas and Berlin.

Experts predict deliveries will slump to just over 295,000 vehicles for the second quarter.

This would be down from the company’s record of 310,000 in the preceding quarter, marking Tesla’s first quarter-on-quarter decline since 2020.

Continue Reading

Trending on Ticker

Copyright © 2022 The Ticker Company PTY LTD