Revolut Slams Meta’s Fraud Approach, Demands Compensation for Scam Victims
In a sharp rebuke, British fintech firm Revolut has criticized Meta, the parent company of Facebook, for its approach...
Welcome to the Business section of Finblog.com, your essential destination for comprehensive insights and updates in the business world. This category is dedicated to providing you with the latest news, analysis, and trends that impact businesses of all sizes, from startups to multinational corporations. Here we emphasize on researching who are the wealthiest people in different countries and how their decisions shape both local and global economies.
OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia
OpenAI, the company behind ChatGPT, has secured $6.6 billion in funding, bringing its valuation to a staggering $157 billion....
Elon Musk’s X Valued at $9.4B, Down 78% from $44B Purchase Price
Fidelity has slashed its valuation of Elon Musk’s X (formerly Twitter) by 78.7%, reducing its stake to just $4.19...
What Is the Average Return of the S&P 500? An In-Depth Analysis
The Average Return of the S&P 500 is a key indicator for investors looking to gauge long-term stock market...
Goodbye Louis Vuitton: China’s Economic Slowdown Fuels Luxury ‘Dupes’ Boom”
China’s economic slowdown is reshaping consumer behaviour, with many turning to high-quality “dupes”—affordable replicas of luxury products—as they tighten...
Who Makes Lexus? The Origins and Future of the Luxury Car Brand
Who makes Lexus? The luxury car brand Lexus is a division of Toyota Motor Corporation, one of the world’s...
OpenAI – now it is dead: Here is why
OpenAI, the company behind ChatGPT, has officially transitioned from its nonprofit roots to a full-fledged for-profit corporation. This significant...
Mark Zuckerberg Joins the $200 Billion Club, Closing in on Bezos and Arnault
Mark Zuckerberg’s personal fortune has skyrocketed by $73.4 billion in 2024, bringing his net worth to $201 billion, according...
OpenAI CTO Mira Murati Steps Down After 6 Years at Helm
In a surprising move, Mira Murati, chief technology officer of OpenAI, announced her departure after six and a half...
Study: Trump’s Policies Could Worsen Inflation, Hurt Economy
Former President Donald Trump’s policies and economic proposals—including tariffs, mass deportations, and exerting influence over the Federal Reserve—could severely...