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Zuckerberg set expectations for Meta Quest Pro at rock bottom

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Critics and tech pundits weren’t the only people disillusioned by Meta‘s new $1,500 virtual …

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Amazon cost cuts under Andy Jassy reflect new reality after 25 years

Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Throughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of …

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Former Google ads boss raises $40 million for ‘Web3’ search startup

Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easier with his new startup. Sridhar Ramaswamy, who led the internet giant’s ad business from 2013 to 2018, has started a new company …

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Google selects Coinbase to take cloud payments with cryptocurrencies

Google Cloud CEO Thomas Kurian speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google said Tuesday that it will rely on Coinbase to start letting some customers pay for cloud services with cryptocurrencies early in 2023, while …

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PC shipments fall for HP, Lenovo and Dell but Apple shipments rise in Q3

Photo taken on Jan. 8, 2020 shows the world’s first 5G personal computer launched by Lenovo during the 2020 Consumer Electronics Show in Las Vegas, the United States. Wu Xiaoling | Xinhua News Agency | Getty Images The personal computing market saw shipments continue to cool in the third quarter …

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Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech

A worker at a chips factory in Chongqing, China, on March 30, 2022. Future Publishing | Future Publishing | Getty Images The U.S. said it would grant a temporary license from Oct. 21 through to April next year to allow businesses to manufacture some of the high-tech products in China …

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Biden signs executive order to protect data transfers between US, EU

European Council President Charles Michel, President of the European Commission, Ursula von der Leyen and US President Joe Biden meet within EU -USA Summit in Brussels, Belgium on June 15, 2021. Dursun Aydemir | Anadolu Agency | Getty Images President Joe Biden signed an executive order to implement a new …

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Cyberpunk publisher CD Projekt stock rises after announcing new games

A sign advertising the game Cyberpunk 2077. Mike Kemp | In Pictures via Getty Images Shares of Polish game publisher CD Projekt rose sharply Wednesday after the company announced several major games it’s working on in the next few years, including new installments in its popular Cyberpunk and Witcher franchises. …

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Twitter arbitrage bet could pay off big for Pentwater Capital

Jakub Porzycki | Nurphoto | Getty Images Among the big winners in Elon Musk’s agreement to follow through with his deal to buy Twitter is an activist hedge fund based in a coastal Florida city that was just wrecked by Hurricane Ian. Pentwater Capital, a 15-year-old firm with close to …

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Amazon axes Glow video-calling device for kids

Amazon will no longer sell its video-calling device aimed at kids, the company confirmed to CNBC. At its annual hardware event last September, the online retail giant unveiled a curious-looking product, called Amazon Glow, that combined video calling with games. Kids could video chat with their loved ones, and the …

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