Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused its market value to sink more than $32 billion (roughly Rs. 2,68,732 crore) in a single day. The proposed class action against Intel, Chief Executive Patrick … Read more
Meta recently assessed if a portion of its cash holdings could be invested into Bitcoin — the oldest and most expensive cryptocurrency in the world. Despite US President Donald Trump’s pro-cryptocurrency stance, Meta shareholders dismissed the idea at the company’s annual shareholders’ meeting on May 28. Among a host of proposals and plans, the shareholders … Read more
Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price. The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in … Read more