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Huawei, ZTE Suffer U.S. Sales Ban

Chinese smartphone manufacturers Huawei Technologies and ZTE have suffered a major sales setback following the U.S. Government's decision to ban the approvals of new telecommunications equipment from the two companies. According to the Biden administration, this equipment poses "an unacceptable risk" to U.S. national...

Xiaomi Announced Revenue Dive as Smartphone Demand Wavers

Xiaomi Corp.'s quarterly revenue declined by 10% as the company struggled to cope with a global slump in smartphone demand, as well as weaker consumer demand at large due to the inflation-induced rising cost of living. Mobile device sales took the biggest hit, plummeting by...

Autonomous Vehicle Startup Nuro Slashes Workforce By 20%

Silicon Valley-based startup Nuro announced on Friday that it will lay off approximately 20% of its staff. In an email to employees, the company's co-founders admitted that their rapid hiring process earlier in the year was a mistake. Nuro stated that its accelerated growth over...

Lyft to Launch Robotaxi Service in Los Angeles

Ride-hailing service Lyft announced on Thursday that it is partnering with driverless technology firm Motional to launch a robotaxi option for users based in Los Angeles. Faced with tough regulatory scrutiny, no specific release date for this service has been announced. Delays to the...

Roblox Stock Jumps 22% Amid Positive Metrics Report

Roblox, the creator of a super popular online game platform and game creation system of the same name, is having a great start to the week. Roblox stock has been on an upward trajectory on Monday, reaching $43.36 per share at one point. This...

Netflix Shares Details and Price of Its Ad-Supported Plan

We finally learned more about Netflix’s highly-anticipated ad-supported subscription plan. The streaming service giant revealed several details about the tier, including the launch date and price. The ad-supported plan will officially roll out in Canada and Mexico on November 1st before making its way to...