Listen here or wherever you get your podcasts. Welcome back to Equity, the podcast that delves into the business of startups, uncovering the numbers and nuances behind the headlines. In today’s episode, we have the pleasure of having Kirsten join Mary Ann and Alex once again. It’s always a treat to have her on the…
Asia’s Ultra-High-Net-Worth Population Declines in 2022 Introduction A report by data firm Altrata reveals that Asia experienced the largest decline in ultra-high-net-worth (UHNW) individuals in 2022, with a decrease of about 10.9%. Reasons for Decline The report attributes the decline in Asia’s ultra wealthy population to various factors: China’s strict Covid lockdown The war in…
Snapchat Drops Paywall for Dark Mode on Android Snapchat has quietly dropped the paywall for dark mode on Android after previously requiring users to have a Snapchat+ subscription to access the feature. The company confirmed to AsumeTech on Tuesday that dark mode is now available to all users. The change was first spotted by Android…
Stocks Making Headlines on Wall Street Meta Platforms Shares of the Facebook parent, Meta Platforms, rose 6% after the company reported strong second-quarter results. Meta Platforms exceeded expectations with earnings of $2.98 per share on $32 billion in revenue, surpassing the estimated $2.91 per share and $31.12 billion in revenue. Chipotle Mexican Grill Shares of…
Microsoft Shares Open Down Following Disappointing Quarterly Revenue Guidance Analyzing Microsoft’s AI Investments and their Impact on Growth Microsoft shares opened down about 2.7% on Wednesday, a day after the software maker issued worse-than-expected quarterly revenue guidance. Many analysts remained optimistic about the company’s prospects, but a few fretted about how recent investments in artificial…
Property Investment in China Declines by Nearly 8% in First Half of the Year The property investment in China has declined by almost 8% in the first half of this year, according to official data released on Monday. This drop indicates a worsening situation for a sector that contributes up to a quarter of the…
Netflix Removes Basic $9.99 CAD Plan for New Subscribers in Canada Netflix has quietly killed the $9.99 CAD per month basic plan in Canada for new subscribers, as first noted by the Canadian publication BlogTo. This simplifies the streaming company’s offering but leaves a big gap between the ad-supported plan and the standard plan The…
Marvel’s Original Avengers Removed from Disney+ Disney+ Snaps Away Original Avengers The Marvel section on Disney+ was updated to replace its original banner with a new graphic that removes two original Avengers – Chris Hemsworth’s Thor and Scarlett Johansson’s Black Widow. The two founding Avengers were replaced by Tatiana Maslany’s She-Hulk and Samuel L. Jackson’s…
The new Internal Revenue Service agreement with the tax software industry prohibits companies from hiding their free options from search engines and offers the IRS the option of offering proprietary tax return software in competition with TurboTax. That does not mean that the IRS will offer its own software, but the agency has officially withdrawn…
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