News Archives - TechMediaWire

FridaySep 06, 2024 12:05 pm

TechMediaBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Shares Hit All-Time Low

Shares of Trump Media & Technology Group (NASDAQ: DJT), the parent company of Donald Trump’s social media platform Truth Social, have faced a significant downturn, closing at an all-time low of $16.98. This represents a dramatic fall of nearly 80% from its peak at $79.38 in March. The company, which aimed to create a new avenue for communication and social interaction, has seen its stock performance severely impacted by various factors, leading to a loss of investor confidence and public perception. The decline in DJT’s stock value is further highlighted by its current trading price of $17.1, down by $0.3…

ThursdaySep 05, 2024 2:15 pm

TechMediaBreaks – Snap Inc. (NYSE: SNAP) Tests Simplified Snapchat Version to Enhance User Experience

Snap (NYSE: SNAP), the parent company behind the popular social media platform Snapchat, is taking a significant step towards enhancing user experience by testing a “simplified version of Snapchat.” This initiative, as CEO Evan Spiegel explained in a letter to employees, aims to make the platform more accessible and user-friendly. This move, reported by TechCrunch on Sept. 3, 2024, reflects Snap’s commitment to evolving its service to meet user needs better. The financial metrics of Snap Inc. reveal a company that is currently navigating through challenges, as indicated by its price-to-earnings (“P/E”) ratio of -12.36. This figure suggests that Snap…

ThursdaySep 05, 2024 12:12 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Inks Partnership Agreement with TCD

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has entered into a partnership agreement with Texas Consulting & Development LLC (“TCD”). According to the agreement, Bollinger will provide TCD with Bollinger B4 Class 4 trucks as part of TCD’s new, bundled service offering to ports and other related industries while TCD will leverage the Bollinger B4 to increase sales across an array of sectors, including commercial & industrial, telecom and utility. A U.S.-based company headquartered in Michigan, Bollinger Motors is developing all-electric commercial chassis cab trucks, Classes 4-6; Bollinger Motors became a majority-owned company of Mullen in 2022. TCD provides microgrid…

ThursdaySep 05, 2024 10:28 am

TechMediaBreaks – WiSA Technologies Inc. (NASDAQ: WISA) Announces Participation at Three September Conferences

WiSA Technologies (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. The company today announced that it will participate in three investor events in September. WiSA management will present and hold one-on-one meetings at the Gateway Conference, the H.C. Wainwright 26th Annual Global Investment Conference, and the Lake Street BIG8 Best Ideas Growth Conference. See the announcement for more information, including dates and locations. To view the full press release, visit https://ibn.fm/5FR32 About WiSA Technologies Inc. WiSA Technologies is a leading provider of immersive, wireless sound technology for intelligent devices…

WednesdaySep 04, 2024 3:45 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Completes First Shipment of Vehicles Purchased by Volt Mobility through $210M PO

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, announced the initial shipment of vehicles to fulfill a $210 million purchase contract with Volt Mobility, which is based in the United Arab Emirates (“UAE”). Volt has purchased 3,000 Mullen Class 1 and Class 3 EV cargo vans and trucks to be delivered over a 16-month period. The initial shipment of vehicles represents the first phase of the multivehicle agreement between Mullen and Volt Mobility. Volt plans to lease these vehicles to its corporate customers in the region, including UPS, DHL and FedEx. “We’re happy to announce we have shipped the…

WednesdaySep 04, 2024 2:07 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Makes Commitment to Transparency and Regulatory Compliance in Brazil

Meta (NASDAQ: META), known for its significant presence in the social media landscape through platforms like Facebook and Instagram, has recently made headlines with its commitment to transparency in Brazil. The company’s decision to inform Brazilian users about the use of their personal data for training generative artificial intelligence (“AI”) technologies marks a pivotal moment in the ongoing dialogue about data privacy and AI ethics. This move comes in the wake of a directive from Brazil’s National Data Protection Authority (“ANPD”), which underscores the increasing global attention on how tech companies manage and utilize user data. The directive from the…

WednesdaySep 04, 2024 12:57 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Leaders to Present at Upcoming Quantum World Congress 2024

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, will participate in this month’s Quantum World Congress. The three-day event is slated for Sept. 9-11, 2024, in Tysons, Virginia. Allison Schwartz, D-Wave’s global government relations and public affairs leader, will contribute to a dynamic workshop, titled “Quantum & Sustainability,” which is scheduled to begin at 12:45 p.m. on Sept. 9. D-Wave senior scientist Dr. Andrew King will participate in a panel titled “Country Showcase: The Canadian Ecosystem,” at 12:30 p.m. on Sept. 10; and Dr. King…

WednesdaySep 04, 2024 11:03 am

TechMediaBreaks – WiSA Technologies, Inc. (NASDAQ: WISA) Executes Definitive Agreement to Create ‘Larger, More Dynamic Entity’ with Broad Reach

WiSA Technologies (NASDAQ: WISA) today announced the execution of a definitive asset purchase agreement to purchase the Datavault(R) intellectual property and information technology assets of privately held Data Vault Holdings Inc. WiSA will pay $210 million as consideration, consisting of 40 million shares of common stock to be issued at $5 per share plus a $10 million 3-year unsecured promissory note. The transaction is expected to close before December 31, 2024, subject to customary conditions and approvals. The purchase will create a publicly traded data technology and licensing company with an extensive patent portfolio serving multiple industries and government entities…

TuesdaySep 03, 2024 2:53 pm

TechMediaBreaks – Alphabet Inc.’s (NASDAQ: GOOGL) Strategic Expansion in India’s Digital Payment Sector

Alphabet’s (NASDAQ: GOOGL, GOOG) Google is making significant strides in India’s digital payment landscape through its Google Pay platform. By enhancing its partnership with India’s United Payments Interface (“UPI”), Google is introducing innovative features aimed at simplifying and improving financial transactions for millions of users. This move not only strengthens Google’s position in the fintech sector but also aligns with India’s push towards a more inclusive digital economy. The introduction of features like the UPI Circle and the expansion of the UPI voucher program showcases Google’s commitment to making digital payments more accessible. The UPI Circle feature on Google Pay…

TuesdaySep 03, 2024 2:48 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Additional Orders from European Governments Totaling $2.6M

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, has received new orders valued at $2.6 million from different governments in Europe; the company anticipates fulfilling the orders in the next three months. The company offers PureSecurity Suite, an end-to-end electronic monitoring solution that features state-of-the-art GPS tracking, communication and monitoring technologies, as well as a secure software platform providing real-time tracking and reporting. “We are delighted to continue strengthening our collaboration with European governments,” said SuperCom president and CEO Ordan Trabelsi in the press release. “These repeat orders underscore our customers' confidence…

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