Computing

High-flying tech giants not immune to turbulent times

Tech giants that saw good times during the pandemic are dealing with a "hangover" compounded by inflation and the war in Ukraine, analysts have said after earnings released this week.

Amazon, Apple, Meta and Google-parent Alphabet released figures for the first quarter of this year that showed they are not impervious to turbulence roiling global markets.

Spotify subscriber growth hampered by Russia exit

Music streaming giant Spotify on April 27 reported a lower than expected growth in paying subscribers in the first quarter, citing its exit from Russia.

Following the company's publication of its first quarter earnings, shares in the streaming service were down over 11 percent on the New York stock-exchange, where the company is listed.

Instead of giving Weapons to Ukraine, Bulgaria’s PM advised People to Donate their Salary

Bulgarian Prime Minister Kirill Petkov announced a public campaign for raising financial resources for the Ukrainian government on the social network Facebook

"I call on every Bulgarian citizen who really wants to help Ukraine to donate one salary, like me. Words are easy, things are difficult, it's time for Facebook posts to become funds for Ukraine," he said.

North Korean Hackers Stole £450m in world's largest Cryptocurrency Theft

North Korean hackers have stolen £450 million in the world's largest cryptocurrency theft. The hacker group known as Lazarus is behind the 2017 WannaCry Ransomeware attack, which affected 200,000 computers worldwide, including those of the National Health Service.

Netflix aims to curtail password sharing, considers ads

An unexpectedly sharp drop in subscribers has Netflix considering changes it has long resisted: Minimizing password sharing and creating a low-cost subscription supported by advertising.

Looming changes announced late on April 19 are designed to help Netflix regain momentum lost over the past year.

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