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Turkey blocks access to Instagram
Turkey blocks access to Instagram
by  AFP

Turkey on Friday blocked access to the Instagram social media network, the national communications authority said without explanation, following censorship accusations against the US company by a high-ranking Turkish official. This is not the first time that Turkish authorities have blocked access to social media sites.

Snapchat gains users but continues to lose money
Snapchat gains users but continues to lose money
by  AFP

Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. Snap shares were down more than 16 percent to $10.73 in after-market trades.

Intel says it will slash workforce to cut costs
Intel says it will slash workforce to cut costs
by  AFP

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations. In June, Intel announced it was halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion towards a chip plant.

Amazon quarterly profit doubles as cloud business grows
Amazon quarterly profit doubles as cloud business grows
by  AFP

Amazon reported Thursday its profit in the recently ended quarter doubled to $13.5 billion with the help of renewed momentum of its AWS cloud computing business. AWS had 31 percent of the cloud computing market at the end of 2023, according to Stocklytics.