Meta Takes Aggressive Action Against Fake Engagement and Impersonation on Facebook
Meta, the parent company of Facebook, announced a major initiative to combat fake engagement, impersonation, and spam on its platform, stating that over 100 million fake Pages were removed in 2024 alone. The sweeping action marks a significant escalation in the company’s ongoing efforts to address issues of scripted abuse, fake accounts, and coordinated fake […]
Nigerian Banks Double Down on Tech: IT Spending Surges to N518.5 Billion in 2024 Amid Fintech Pressure
Nigeria’s major banks significantly ramped up their investment in digital infrastructure throughout 2024, pouring a combined N518.5 billion into information technology. This figure represents a staggering 109% increase from the N248 billion spent in 2023, highlighting a major strategic shift in the country’s banking industry: digital transformation is no longer optional — it’s essential. This […]
Swifia Launches in Nigeria to Revolutionize Gift Card Trading with Instant Payouts and Unmatched Simplicity
Swifia, an ambitious entrant into Nigeria’s rapidly evolving digital finance ecosystem, has officially made its debut with a bold mission: to transform how Nigerians trade gift cards. Positioned as a user-centric platform, Swifia offers a fast, secure, and hassle-free way to convert a wide range of gift cards into instant cash, making it one of […]
Nissan Forecasts Unprecedented $5.2 Billion Annual Loss as Restructuring Intensifies
Nissan Motor Co. has projected its worst annual financial performance in company history, anticipating a net deficit ranging from 700 billion to 750 billion yen—equivalent to roughly $4.91 billion to $5.26 billion—for the fiscal year that concluded in March. This staggering estimate, released on Thursday, significantly surpasses the automaker’s earlier projection of an 80 billion […]
Tesla Doubles Down on Robotaxi Dreams as Musk Predicts Massive Impact by 2026
Tesla has once again placed its self-driving ambitions front and center, as CEO Elon Musk boldly projected that its robotaxi service will begin delivering significant financial results by late 2026. During its recent earnings call, the electric vehicle giant renewed its commitment to launching a commercial robotaxi operation, reinforcing a previously announced timeline that has […]
Brand Battle Brews Between Zap Africa and Paystack Over ‘Zap’ Trademark in Nigeria’s Fintech Arena
A fierce trademark dispute has erupted between emerging crypto exchange Zap Africa and fintech heavyweight Paystack, sparking a broader conversation about branding rights and intellectual property protection in Nigeria’s fast-evolving tech sector. At the heart of the disagreement lies the name “Zap,” which both companies assert as their exclusive intellectual asset. The clash has escalated […]
Tesla’s Sales Plunge in Europe as Competition Heats Up and EV Market Diversifies
Tesla’s presence in the European automotive market took a notable hit in March, with new car registrations dropping sharply by 28.2% compared to the same period last year. This decline came even as the broader electric vehicle (EV) segment in Europe witnessed impressive growth, signaling a possible shift in consumer sentiment and increased pressure from […]
Pony.ai Faces Trade War Hurdles as It Pushes Global Expansion Plans
China-based autonomous vehicle pioneer Pony.ai has acknowledged that escalating trade tensions between the United States and China could disrupt its ambitions for global expansion. Despite the challenges, the company remains confident that its core supply chain will withstand the geopolitical turbulence. Pony.ai, which receives backing from Japanese automotive giant Toyota, disclosed on Thursday that the […]
South Korea Flags Chinese AI Firm DeepSeek for Unauthorized Data Transfers
South Korea’s data protection agency has accused Chinese artificial intelligence startup DeepSeek of illegally transferring user data overseas without proper consent. The country’s Personal Information Protection Commission (PIPC) made the announcement on Thursday, raising fresh concerns about the privacy practices of foreign tech companies operating in the region. According to the commission, DeepSeek — developed […]
Florida Takes Legal Action Against Snapchat’s Parent Company Over Alleged Harmful Practices Toward Children
Florida has filed a lawsuit against Snap Inc., the tech firm behind the popular image-based messaging platform Snapchat, accusing the company of exploiting minors by implementing design elements that encourage compulsive use and by allowing children under the age of 13 to create accounts in violation of a recently enacted state law. State Targets Snapchat’s […]
