patience

Meta Platforms Inc. plunged 25% Thursday, its biggest one-day drop since February. Meta Platforms Inc. plunged 25% Thursday, its biggest one-day drop since February, after Chief Executive Officer Mark Zuckerberg asked investors for patience with the social-media giant's swelling investments in unproven bets at an already-challenging time for digital-advertising companies. On a call Wednesday after giving a disappointing revenue outlook, Zuckerberg sought to justify Meta's ballooning costs to fund its version of…

Facebook’s parent company plummeted 22.1% on Thursday after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. On a call Wednesday, Zuckerberg sought to justify Meta’s ballooning costs to fund its version of virtual reality, the metaverse, as well as the artificial intelligence fuelling major changes to its social networks. Investors, who have already sent the stock down 61% this…

China Evergrande Group has yet to reach an agreement with its international bondholders over a restructuring of the troubled property giant, according to people familiar with the matter, as a self-imposed July deadline to unveil a preliminary plan looms. Advisers representing Evergrande’s creditors and the company have since had lengthy discussions about what is likely to be a complex and drawn-out debt restructuring. The advisers are still conducting due-diligence work on the scope of…

Barlog responds to exhausting demands for info Cory Barlog, producer of the upcoming God of War Ragnarok, has once again asked fans for patience in their wait for news of a release date. Barlog made the comments in response to rabid speculation and demands for updates on the highly anticipated sequel. “Dear all, if it were up to me I would share all the information when I know about it,” said Barlog on his official Twitter. “But it is not up to me. so please, be patient. I promise things will be shared at the…

President Muhammadu Buhari has approved the renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of 5 years in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003. The renewal takes effect from July 1, 2022. Her appointment for a second term was based on the significant achievements recorded by the DMO in the last five years, under her leadership. Amongst the achievements are the…

While the Apple rumor mill has recently been focusing on the company’s reported mixed reality headset, Apple engineers are also believed to be working on a pair of high-tech glasses featuring augmented reality (AR) technology. The tech giant has remained characteristically tight-lipped on the matter, though a new report from 9to5Mac suggests that it’s aiming to launch the advanced specs in “late 2024.” That means they could arrive a whole two years after Apple’s AR/VR headset, which some suggest will be unveiled…

Clad in a stripy Technicolor dream jacket redolent of Joseph, Michael Kiwanuka shuffles on stage, buffeted by the celestial oohings of his backing singers. “To begin again,” he breathes on Piano Joint (This Kind of Love), “maybe win again.”The colourful stripes are the loudest thing about Kiwanuka or, indeed, much of this gig; the prospect of his victory sounds tentative rather than certain. This is a long-awaited show by one of Britain’s least showy stars, a soul man of international renown, whose downplaying of…