plunges

They rushed to sign up, but they’re not hanging around much. The number of daily active users on Meta’s Threads has plunged about 70% since the purported Twitter killer’s July 7 peak engagement, The Wall Street Journal reported Friday, citing estimates from market tracker Sensor Tower. The average amount of time that users spend on the Thread apps for both iPhones and Androids also decreased, to 4 minutes from 19 minutes, the report said. The app is not yet available in a desktop version. The decline…

Last Updated: June 23, 2023, 17:46 ISTThiruvananthapuram, IndiaMitsubishi Pajero Plunges 1,640 Feet (Photo: Cartoq)Mitsubishi Pajero falls hill in Kerala: All passengers survive after a Mitsubishi Pajero plunges 1,640 feet, Keeps passengers safe VideoIn a harrowing incident that unfolded in Thiruvananthapuram, a group of passengers narrowly escaped tragedy when their Mitsubishi Pajero SUV plunged to a staggering depth of 1,640 feet.Miraculously, all passengers on board survived the horrifying crash, as reported by Cartoq.…

Naira on Monday plunged to its lowest rate ever against the United States dollar on the Investors and Exporters (I&E) to trade at N770.38 per dollar after gaining ground last Friday. The decline happened less than 24 hours after Nigeria’s Central Bank announced the removal of cash deposit limitations on domiciliary accounts, granting account holders the liberty to withdraw up to $10,000 per day. Data posted on the FMDQ securities exchange window where forex is officially traded showed that the naira commenced…

NASA’s Parker Solar Probe (PSP) has detected the origin and structure of the solar wind close to the sun’s surface, observing high-energy particles aligned with flows in coronal holes. This discovery, indicating magnetic reconnection within these regions, improves our understanding and forecasting of solar storms impacting Earth. Credit: NASA GSFC/CIL/Brian MonroeNASA’s Parker Solar Probe probe got close enough to sun’s surface to see hidden granular features.NASA’s Parker Solar Probe (PSP) has flown close enough to the…

Shares of the education technology company Chegg lost nearly half their value after its CEO warned that OpenAI's free ChatGPT service was cutting into its growth.Chegg CEO Dan Rosensweig told investors on a conference call Monday that early in the year, the company was meeting expectations for new sign-ups for its educational services. But that shifted in recent months."Since March we saw a significant spike in student interest in ChatGPT," Rosensweig said. "We now believe it's having an impact on our new customer growth…

Samsung is the world's largest memory chip maker and the second-largest contract chip maker. SamsungSamsung reported its lowest profit in 14 years for the first quarter this year for the heavy loss incurred by its chip division.The South Korean tech giant said on Thursday that it recorded 63.75 trillion won in revenue and 0.64 trillion won in operating profit for the quarter, a drop of 18% and 96%, respectively, from a year ago.Samsung's Device Solutions Division, its chip division, reported a steep operating loss of…

Amazon CEO Andy Jassy saw his 2022 compensation plummet to a fraction of what he took home the year before absent a huge grant of stock awards he received when first taking over the company. The details of his pay package were disclosed on the same day his annual letter to shareholders warned that the money machine that is Amazon Web Services is slowing down. Jassy earned $1.3 million in 2022, including a salary of $317,500, and $981,223 in stock awards for his 401(k) plan, along with perks like personal…

SBICAPS currently has its corporate office in Mumbai with regional offices in New Delhi, Kolkata, Chennai, Hyderabad and Ahmedabad.Indian startups raised a total of $2.8 billion in funds in the first quarter of 2023, a massive 75 per cent lower compared to the same period in the previous year ($11.9 billion), as rising inflation and interest rates continue to impact investments significantly amid a deepening funding winter, a report showed on Monday.There were no new unicorns created in the January-March period, compared…

Naira weakened to a new low at the official market on Monday, falling 0.46 per cent against the United States dollar at the spot market window. According to data published by FMDQ, where forex is officially traded, the naira opened trading at N461.70 and closed at N463.50 to a dollar on Monday. This represents a N2.12 or 0.46 per cent depreciation as against N461.38 posted in the previous market session last Friday. The domestic unit reached an intra-day high of N460.00 and hit a low of N466.00 before it…

The Nigerian Sovereign Investment Authority (NSIA) recorded drops in most of its income sources for last year, its audited financial results have shown. The drops resulted in a sharply weaker revenue and caused net profit to fall by one-third. NSIA, an investment agency of the Nigerian government, manages funds in excess of budgeted hydrocarbon revenues, investing them in a range of medium and long-term assets on behalf of the government. Total income for 2022 diminished by 28.1 per cent to N154.9 billion,…