News Archives - Page 35 of 115

MondayAug 19, 2024 3:25 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Stock ‘Shows Resilience’ as Legislators Look for Answers Regarding Alleged Illegal Drug Ads

Meta Platforms (NASDAQ: META), a leading tech giant known for its social media platforms Facebook and Instagram, is dealing with an issue resulting in growing scrutiny from U.S. lawmakers. According to a recent press release, the concern is that alleged illegal drug advertisements have been appearing on Meta’s platforms. As a result, a group of legislators are seeking an explanation from the company about ads that reportedly direct users to online marketplaces where various drugs and substances are available. “Despite these challenges, META’s stock performance on the NASDAQ shows resilience,” stated the press release. “The company’s shares reached a high of $531.66 during the…

MondayAug 19, 2024 2:35 pm

TechMediaBreaks – FingerMotion Inc.’s (NASDAQ: FNGR) Exclusive C2 Platform Receives National Certification from MIIT

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting that its Advanced Mobile Integrated Command and Communication(“C2”) Platform has been awarded national certification from China's Ministry of Industry and Information Technology (“MIIT”). According to the announcement, the proprietary platform, which was developed by FingerMotion’s contractually controlled subsidiary, Shanghai JuiGe Information Technology Co. Ltd., is integrated with the Maxus vehicles produced by SAIC Motor Corporation Limited. “We are proud to receive this certification from the Ministry of Industry and Information Technology,” said FingerMotion CEO Martin Shen in the press release. “This national certification from MIIT confirms the platform's quality,…

MondayAug 19, 2024 1:25 pm

TechMediaBreaks – GivBux Inc. (GBUX) Marks Milestone in ‘Evolution of Corporation’ with Submission of Required Docs to SEC

GivBux (OTC: GBUX), a publicly traded Super App and charitable giving platform, has submitted its U.S. Securities and Exchange Commission (“SEC”) Form 10 along with required accompanying documents that are required to qualify as a fully reporting Required OTCQB Corporation. According to the announcement, GivBux has now submitted all documentation required to qualify as a fully-reporting OTCQB corporation. “We are very excited to announce this major milestone in the evolution of our corporation,” said GivBux president Umesh Tim Singh in the press release. “I want to commend our executive team for their hard work and diligence in accomplishing this task in such a…

MondayAug 19, 2024 12:47 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Releases Q2 2024 Financial Results, Highlighted by Record Profit

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, is reporting its financial results for second-quarter 2024, the period ended June 30, 2024. Highlights of the report include revenue of $7.5 million, record net income totaling $2.2 million and positive operating cash flow reaching $2 million. According to the announcement, the company’s strategic focus on cost optimization and capital management along with an innovative approach to technology deployment, has resulted in a significant turnaround in the bottom line. The report also noted several business wins, including more than $11 million in…

MondayAug 19, 2024 11:50 am

TechMediaBreaks – Sekur Private Data Ltd. (CSE: SKUR) (OTCQX: SWISF) (FSE: GDT0) Featured in Tonight’s “New to the Street” Episode

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0), a premier Swiss-hosted secure and private communications platform, is featured in this week’s Weekly Hack segment of FMW Media's New to the Street. The program is slated to air on Fox Business Network tonight at 10:30 PM PT. During the Weekly Hack portion of the show, Sekur Private Data CEO and internet privacy expert Alain Ghiai talks with program host Ana Berry about another hack at AT&T. During the program, Ghiai noted that apparently hackers stole at least six months of the company’s customers' calls and text message records. “AT&T used a…

MondayAug 19, 2024 11:41 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Continues to Expand Presence in Higher Education Sector with New Vehicle Order

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the sale of the Mullen THREE, Class 3 EV box truck uplift to the facilities operations unit at Princeton University. The Mullen THREE is expected to support the unit’s campus operations as well as contribute to its overall sustainability goals, including reaching zero emissions for on-campus university service vehicles. According to the announcement, the Princeton, New Jersey-based unit has selected the Mullen THREE not only for its zero emissions operation but also for overall vehicle versatility. Mullen’s nationally known EV dealer partner, Pritchard EV, fulfilled the vehicle order.…

MondayAug 19, 2024 11:24 am

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Completes $3.3M Private Placement to ‘Advance Growth Initiatives’

HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, has successfully completed a $3.3 million private placement from non-U.S. investors. According to the announcement, the investment was comprised of convertible notes with a conversion price of $0.70 per share; the company also issued warrants with an exercise price of $1 per share. “We are pleased to secure an investment from a group of esteemed investors who value our strategic vision and operational strengths,” said HUB Cyber Security CEO Noah Hershcoviz in the press release. “This capital will enable us to advance our growth…

MondayAug 19, 2024 11:03 am

TechMediaBreaks – Upstream Provides 24/7 Ability to Transact on All Issuers’ Listed Equities

Upstream, a MERJ Exchange stock market and global trading app, is reporting three key benefits from expanded trading hours, including flexibility during market sell-offs, accessibility for global investors and interconnectivity of global markets. The Upstream article noted that traditional markets operate within specific trading windows, which creates some challenges. “U.S. markets open at 9:30 a.m. ET and close at 4 p.m. ET, and international markets, such as the London Stock Exchange, operate from 8 a.m. to 4:30 p.m. GMT,” stated the article. “When traditional markets like these are closed during times of volatility, particularly sell-offs, investors in different time zones…

FridayAug 16, 2024 1:26 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Market Challenges but Shows Signs of Resilience

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), known widely for its subsidiary Google, is currently navigating through a challenging phase in the stock market, as indicated by its record-setting weekly losing streak. This trend underscores the growing apprehensions among investors regarding the company’s future prospects. Alphabet, a giant in the tech industry, faces stiff competition, regulatory hurdles, and issues tied to its social media ventures, which collectively contribute to the negative sentiment surrounding its stock. Despite these challenges, Alphabet recently experienced a positive shift in its stock price, which increased by $2.59 or 1.61%, closing at $163.89. This uptick is a notable deviation from the downward…

FridayAug 16, 2024 1:10 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Releases FY 2023 Financial Results

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, today reported its financial results for FY 2023 ended December 31, 2023. Key financial highlights from fiscal year 2023 included revenue of $42.6 million, gross profit of $750K, operating expenses of $78.5 million, and operating loss of $(77.7) million. The company’s non-GAAP adjusted EBITDA loss for FY 2023 was $(12.2) million while operating cash flow was $(16.2) million. As of December 31, 2023, the company had cash and cash equivalents, restricted cash, and deposits of $5.2 million. “The conclusion of the 2023 audit signifies…

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