lswcapFacebook officially announced a brand change plan, which had been rumored for a while, during the Connect 2021 technology conference held on October 29th. As a result, the Facebook company name is changed to Meta.
The reason for changing the company name is that the name Facebook, which is only a name for one SNS business, is not suitable for implementing the numerous services and apps currently provided by Facebook, as well as future businesses. Meta is a brand that represents the company as a metaverse first social technology company, saying that it is focusing on the next-generation platform realized with technologies such as virtual reality or mixed reality, or the metaverse, which is a new form of the Internet.
Tesla’s market cap crossed the $1 trillion mark on October 25. As a result, Tesla is ranked alongside Apple, Amazon, Facebook and Google, which have a market capitalization of over $1 trillion. The stock price rise is driven by Tesla-related news, such as Hertz, a car rental company that recently emerged from bankruptcy, to agree to purchase 100,000 electric vehicles from Tesla. Meanwhile, the Tesla Model 3 was named the best-selling car in Europe in September, and it is said that electric vehicles surpassed internal combustion engine models for the first time.
A large tech company has announced its quarterly results. Apple has announced its financial results for the fourth quarter of 2021. Overall revenue was $88.36 billion, up 29% from the same period last year, and it recorded the highest profit in Apple’s history by performing well by sector, but the result was lower than analysts’ expectations due to supply constraints.
Amazon also released its third quarter 2021 financial report. Net profit is down 50% compared to the same period of the previous year, and it is analyzed that it showed a remarkable figure as the demand to refrain from going out due to Corona 19 returned. The Amazon announcement was far worse than expected, and the company’s stock fell 4% shortly after the announcement.
The Federal Republic of Nigeria, which boasts the largest GDP in Africa, has decided to officially introduce the central bank digital currency Inira. The world’s first example of a central bank digital currency is the sand dollar, which was introduced in the Bahamas in October last year. Inira is the first central bank digital currency in Africa.
Nigeria is the country with the largest population in Africa and has the highest GDP in Africa, but also has the highest youth poverty rate in the world. For this reason, crypto assets are popular among young people, and it is said that the central bank has banned crypto asset trading. However, bans do not prevent transactions, and the government recognizes that it is not realistic to stop trading crypto assets, and rather uses the popularity of crypto assets to introduce digital currencies.
Adobe Max, an event for creators held once a year by Adobe, which develops Photoshop and Illustrator, is said to have been held online this year as well as last year.
Starting with the keynote to unveil new functions for Adobe products, including Photoshop, from October 27, breakthroughs such as the ability to change the season or shooting time within a video with one-click, and the ability to create a mask by selecting an object with the mouse over We announced a new feature. More details can be found in the article.
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