Snap shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry.
Microsoft was recently awarded a staggering $242 million in a patent infringement case involving its artificial intelligence assistant Cortana. The outcome of the case has brought renewed attention to the importance of protecting intellectual property rights and the legal liability of large companies' use of technology.
Chinese luxury electric car brand Zeekr has reportedly raised $440 million in an initial public offering (IPO) in the United States. Zeekr, an electric vehicle brand of Chinese private automaker Geely, sold 21 million American Depositary Shares (ADSs) at $21 per share the previous day, the Financial Times reported.
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