ByteDance revenues more than double on back of TikTok boom | TikTok- Tempemail

ByteDance, the Chinese parent of TikTok, more than doubled its revenues last year as usage of the hugely popular video app boomed. The company, which last year weathered pressure from Donald Trump to sell its US operation as part of a trade war with China, reported a 111% increase in Continue Reading

Alphabet: revenue soars for Google owner as Covid lockdown boom continues | Alphabet

Google’s parent company, Alphabet, more than doubled its profits to a record $17.9bn (£12.9bn) in the first quarter, as the lockdown-enforced surge in the use of digital services fuels an advertising boom for the Silicon Valley giant. The performance smashed Wall Street’s expectations, with profits jumping 162% year on year Continue Reading

Tesla reports record quarterly profit as electric car sales boom | Tesla

Tesla announced a record quarterly profit on Monday as sales of its electric vehicles boomed in the first three months of year. The world’s most valuable car company recorded a profit of $438m on revenues of $10.39bn despite facing supply issues and the latest in a series of safety investigations Continue Reading

Amazon’s warehouse boom linked to health hazards in America’s most polluted region | Amazon

Sign up for the Guardian Today US newsletter Amazon has dramatically expanded its warehouses in southern California in the past year, part of an effort to speed up deliveries during the pandemic’s online shopping boom. But new research raises concerns about pollution and other environmental harms from the logistics sector Continue Reading

A very happy anniversary for the stock market Congress Japan China Big Tech Boom- Tempemail

It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of its greatest runs. On March 23, 2020, the S&P 500 fell 2.9%. In all, the index dropped nearly 34% in about a month, wiping out three years’ worth of gains Continue Reading

Roblox shares surge 60% on first day of trading after lockdown gaming boom | Business

Shares in Roblox, the virtual gaming world that has proved to be a lockdown winner with hundreds of millions of mostly young players, have surged 60% valuing it at $47bn after an investor frenzy on its first day of trading on the New York stock exchange. Roblox may not have Continue Reading

Bitcoin boom threatens to turn it into pure gold | Technology

Bitcoin is back, along with the debate over its value. The price of the digital currency is soaring and last week it hit more than $40,000 for the first time, having doubled in less than a month. Its price has jumped by more than 700% since the pandemic was first Continue Reading

Alexa, Siri… Elsa? Children drive boom in smart speakers | Smart speakers

Voice assistants such as Alexa and Siri will become common in children’s bedrooms, according to a new report from Internet Matters, the online safety body, which says it is critical for parents to spend more time understanding new technology. The pandemic has accelerated the adoption of new technology at home Continue Reading

Car sales rise and car-share companies boom as pandemic upends transportation | Technology

Like many people in recent months, AnnaLiisa Ariosa-Benston of Brooklyn has seen her primary sources of income transform in the wake of the coronavirus pandemic. An arts event producer, she now is picking up odd jobs in renovation and design to make money. And to do so, she has found Continue Reading

Facebook and Microsoft muscle in on Zoom video-call boom | Technology

Zoom may be booming as the global coronavirus lockdown moves work and social life to cyberspace but deep-pocketed rivals including Microsoft, Google and Facebook are taking aim as video conferencing becomes a staple of daily life. On Tuesday, Zoom, which has been catapulted from a relatively unknown video service to Continue Reading