TechMediaBreaks Archive - Page 20 of 137

TuesdayJan 28, 2025 12:55 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Appeals Record EU Antitrust Fine Amid Regulatory Scrutiny

Alphabet (NASDAQ: GOOGL, GOOG), through Google, is currently appealing a significant antitrust fine imposed by the European Union. The fine, amounting to €4.3 billion (approximately $4.5 billion), is the largest ever levied by the EU. The case, which began in 2018, accuses Google of using its market power to maintain dominance in the search engine sector. This involves requiring handset manufacturers to pre-install Google Search and Chrome to access the Play Store, offering financial incentives for pre-installation, and restricting the use of unapproved Android versions. EU lawyers argue that Google used a “carrot and stick strategy” to control the Android…

TuesdayJan 28, 2025 10:19 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands Presence on U.S. College Campuses with Additional EV Orders

Mullen Automotive (NASDAQ: MULN) announced the sale of five additional Mullen ONE Class 1 EV cargo vans to two major California universities in Los Angeles and the San Francisco Bay Area. The orders, fulfilled by EV dealers Papé Group and Randy Marion Automotive Group, highlight Mullen’s alignment with institutions prioritizing carbon emission reductions. CEO David Michery emphasized that repeat orders reflect the performance and value of Mullen's commercial EVs. The company’s lineup, including the Mullen ONE and Mullen THREE, meets stringent U.S. safety and emissions standards and continues to gain traction in campus and urban fleet applications nationwide. To view…

MondayJan 27, 2025 12:02 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Marks Key Milestone Through BlackSwan Acquisition

HUB Cyber Security (NASDAQ: HUBC) (“HUB”), a global leader in advanced cybersecurity and data fabric technology, today announced the closing of its highly anticipated acquisition of BlackSwan Technologies, Inc. “This acquisition marks a pivotal milestone for HUB, strengthening our position as a leader in secured data management and compliance solutions,” said Noah Hershcoviz, CEO of HUB Cyber Security. “We strongly believe BlackSwan’s innovative technologies will enable us to deliver unparalleled value to our clients, particularly in the financial sector, where the demand for robust security and compliance is especially high. With over $50 million invested in BlackSwan’s cutting-edge solutions, we…

MondayJan 27, 2025 10:53 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports FY2024 Results and Highlights Commercial EV Growth

Mullen Automotive (NASDAQ: MULN) reported a net loss of $471 million for the fiscal year ending Sept. 30, 2024, an improvement from the prior year's $964.9 million loss. FY2024 revenues increased to $1.1 million, driven by invoicing 443 commercial vehicles valued at $21 million, up from 35 vehicles invoiced in FY2023. The company achieved significant milestones, including the production and certification of its Class 1 and Class 3 EVs, as well as Bollinger Motors' Class 4 electric trucks, which generated $4.2 million in revenue since their September 2024 launch. CEO David Michery acknowledged challenges in the EV sector but emphasized…

MondayJan 27, 2025 8:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Unveils Leap Quantum LaunchPad™ Program to Accelerate Adoption of Quantum Computing

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems and the world’s first commercial supplier of quantum computers, has launched the Leap Quantum LaunchPad™ program to advance quantum computing application deployment. The initiative offers a three-month free trial granting access to D-Wave's technology, including its Advantage™ quantum computers and Leap™ cloud service, along with expert technical guidance. Aimed at helping businesses tackle complex optimization challenges, the program supports rapid exploration, development, and production of quantum and hybrid-quantum applications. Chief Revenue Officer Lorenzo Martinelli highlighted the program’s potential to enable organizations to address critical problems with quantum technologies. Additionally,…

FridayJan 24, 2025 2:30 pm

TechMediaBreaks – Trump Media & Technology Group Corp.’s (NASDAQ: DJT) Market Activity Amid Political Changes

Trump Media & Technology Group (NASDAQ: DJT), known for its ownership of the Truth Social platform, is experiencing notable market activity. The company, which has been a focal point for investors due to its association with President Donald Trump, is navigating a volatile stock environment. Despite recent fluctuations, DJT remains a significant player in the media and technology sector. In the wake of President Trump’s return to office, DJT shares have seen a 10% decline, trading around $36. This drop is part of a broader trend, with prices falling from January highs above $40 and pre-election peaks over $50. However,…

FridayJan 24, 2025 10:16 am

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Allocates Surplus Cash to Bitcoin Amid Treasury Asset Strategy

Thumzup (NASDAQ: TZUP) announced that its Board of Directors has authorized allocating up to 90% of its surplus cash to Bitcoin, aligning with its Treasury Asset Strategy unveiled on Nov. 15, 2024. This move reflects the company's confidence in Bitcoin as a long-term store of value and aims to enhance financial stability and shareholder value. CEO Robert Steele emphasized optimism for digital assets following President Trump's recent initiatives at Davos, including an executive order establishing the President's Working Group on Digital Asset Markets. Additionally, Thumzup plans to pay gig-economy workers in Bitcoin in the coming weeks, reinforcing its commitment to…

ThursdayJan 23, 2025 2:28 pm

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Poised to Tap into Lucrative Market, Empower Creators, Businesses

Thumzup (NASDAQ: TZUP), a company at the forefront of modernizing the social media branding and marketing industry, recently announced its strategic expansion into South Florida. “This marks a milestone for the company as it moves to become a leader in digital marketing,” reads an article discussing Thumzup and its innovative platform, which enables individuals to get paid cash for posting about participating advertisers on major social media outlets. “Our expansion into South Florida not only positions Thumzup to tap into a lucrative market but also underscores our commitment to empowering local creators and businesses,” said Thumzup’s CEO Robert Steele. “We…

ThursdayJan 23, 2025 2:25 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Addresses Nasdaq Compliance Notice Over Delayed SEC Filing

Mullen Automotive (NASDAQ: MULN) an electric vehicle manufacturer, disclosed it has received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the delay in filing its Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2024. The notice does not immediately impact the trading of the company's stock on the Nasdaq Capital Market, but failure to address the issue could lead to delisting. Mullen has 60 days to file the report or submit a compliance plan, with the possibility of an extension up to 180 days if approved. The company aims to file the…

ThursdayJan 23, 2025 1:51 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Nears Completion of BlackSwan Technologies Acquisition

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”) announced that its acquisition of BlackSwan Technologies is on track to close on or about Jan. 28, 2025, following the signing of a definitive agreement on Jan. 15. The final steps involve completing routine regulatory and contractual requirements. CEO Noah Hershcoviz described the acquisition as transformative, positioning HUB as a leader in secured data fabric solutions while creating opportunities for cross-selling and cost optimization to enhance profitability and cash flow. To view the full press release, visit https://ibn.fm/Ip7Q6 About HUB Security Ltd. HUB Cyber Security (“HUB”) was established in 2017 by veterans of…

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