Thursday, April 25, 2024

Meta loses almost US$200 billion in market value in 24 hours due to forecasts of lower income and higher expenses

Marck Zuckerberg, CEO of big tech, asked Wall Street for "patience" so that it does not abandon its actions, although he reaffirmed that the firm will continue with its advanced technological initiatives that consume a lot of Capex, in a turnaround from the 2023 decision to limit those expenses.

The income flow and capital expenditure forecasts contained in Meta Platforms' financial report for the first quarter of 2024 generated a collapse in the value of the big tech shares.

Read full article

MORE ANALYSIS

Brasil · Pay TV · Free to Air TV - TDT22/04/2024

Brazilian linear TV seeks to reconvert to avoid its extinction

Competition with streaming has led the main groups to have their own platforms to be able to compete on other screens. The arrival of TV 3.0 can help in its conversion.

Brasil · Software and Applications · Regulation27/12/2023

Projects to tax the income of Big Techs operating in the Brazilian market

A study by the University of Brasilia determined a potential tax revenue of over US$5.5 billion for the Brazilian Treasury, coming from the main digital services companies.

Perú · Operators18/08/2023

The three keys to Internet for All: one anchor operator, state regional networks and regulatory flexibility

These three factors come together in the success of the initiative. Convergencialatina interviewed Stalin Rivera, Head of Business Strategy, and César Huamán Bazán, Commercial Director, who explained that they already have contracts with Telefónica, the original partner, but also with Entel and Claro. In addition, they managed to add initiatives from the Canon por Cobertura program. B2B already represents 10% of total revenue and OIBDA is already positive.

América Latina · Submarine Cables · Terrestrial Backbones · Data Center13/04/2023

Carriers focus on connecting data centers as next demand big border

The approach of the cloud to the user is the main need to satisfy. The urgency of having the three basic components of any Data Center -space, energy and connectivity- is driving the advancement of the segment.

Cuba · Mobile · Convergence · Free to Air TV - TDT29/06/2022

Internet access has been stagnant for the last two years.

Data released these days by the Onei (National Statistics and Information Office) show little quantitative change in the connectivity of Cubans. A total of 7.5 million people have access to the Internet, with 6 million using cell phones.

List all analysis

A DIARIO LATINO 26-04-2024

Brasil · Regulation · Operators 26/04/2024

Sky no longer considered operator with Significant Market Power

Globales · Data Center 26/04/2024

Analysys Mason: Telefónica leads in Edge Computing

Panamá · Mobile · Operators · Spectrum 26/04/2024

Panama begins 5G era with Más Móvil pilots and plan to allocate more spectrum

Estados Unidos · Internet & OTT · Regulation 26/04/2024

FCC reinstates net neutrality

List all news