Since OpenAI’s launch of ChatGPT in late November of 2022, the chatbot has become the fastest-growing consumer app in history, reaching 100 million users by January. Its quick rise to popularity can be attributed to the disturbingly human-like responses that provide information with more ease and accuracy than traditional search engines. Moreover, there are more […]
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Twitter and Elon Musk continue to remain at the forefront of public attention as Musk’s relentless Twitter fingers have landed him in more legal trouble as he faces a court-action lawsuit from Tesla investors for his two tweets about taking Tesla private. In August 2018 Musk tweeted that he would buy back shares at 420$/share
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Mark Zuckerberg, the founder of Facebook and its parent company, Meta Platforms, is facing fines of up to $276 million dollars, issued by Ireland’s Data Protection Commission. After a prominent data breach that occurred in 2021, the commission’s authorities have rigorously investigated the company’s privacy policies. The data breach in 2021 resulted in exposing the
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After facing legal pressure from a court-order to buy Twitter, Elon Musk finally closed the $44-billion-dollar deal and took ownership of the company on October 27. However, in less than a week since the takeover, he faced tremendous pushback from advertisers on his decision to allow unrestricted free speech as well as accounts of the
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In recent weeks, Google and Meta’s stocks crashed after the release of their Q3 earnings report which failed to meet investor expectations. Google’s shares dropped 33% due to poor performance from their core business offerings including Google Search and ad revenues which fell 26% lower than expectations. At the same time, YouTube experienced its first
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Over the past few months, shale oil stocks have been one of the fastest-growing stocks in the market. The Energy Select Sector SPDR ETF made a 61.2% total return over the past six months compared to the Russell 1000 index’s total return of -8.3%. This may be partially attributed to US President Joe Biden imploring
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As the war in Ukraine continues, global supply chain problems worsen leaving consumers unable to make essential purchases. According to the Canadian Automobile Dealers Association, wait times for new cars are now predicted to last until 2023 compared to earlier predictions about delays receding by the end of the summer. In addition, appliance shortages are
As inflation continues to dig into the pockets of consumers, the US Federal Reserve raised interest rates 75 basis points this month, increasing the benchmarked federal funds by around 1.5% and 1.75%. According to Fed Chairman Jerome Powell, this move was an “unusually large one” which caused panic among investors and resulted in a bear
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