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Articles by Edith Muthoni
TECH NEWS | Tesla’s margins plunge 42% in two years – TECHSABADO
This article was originally posted at stocklytics.com Tesla’s financial struggles continued in Q2’2024 as the company’s profit margins shrank. Despite CEO Elon Musk’s focus on advancing autonomous technology, Tesla’s operating margin has dropped by over 40% in two years. This is according to an analysis by Stocklytics.com. “With the EV market’s maturation, Tesla has seen a great decline in its shipments,” said Edith Reads, Stocklytics.com’s financial analyst.
MONEY | Global mobile money accounts surge; approaching 700M
Originaly posted on: Stocklytics.com Financial inclusion has become more prioritized, especially in regions with limited banking infrastructure, leading to a spike in mobile money operations. By 2023, there were over 641 million of these accounts, a phenomenal 78% increase from 2018, according to Stocklytics.com. “The growth of mobile money accounts can largely be credited to the increase in mobile money carriers,” saidn Edith Reads, Stocklytics financial analyst.
BUSINESS TECH | Data center revenue to break $500B barrier by 2027
The data center industry is down for an impressive trajectory amid the ongoing surge in AI developments. According to Stocklytics.com, data center revenue will surpass $500 billion by 2027. “The increasing adoption of multi-cloud solutions is driving the expansion of data centers. Network upgrades to support 5G are also contributing to this growth,” said Edith Reads, a financial analyst at Stocklytics.com, highlighting several key factors contributing to this growth.
AMD takes over laptop share
INTEL'S market share is dwindling as its competitor, AMD, continues to gain ground in the processor market. According to Stocklytics.com, Intel's market share shrunk by 20 percent, while AMD gained significantly, controlling nearly 22 percent of the global processor market by Q3'24.
Microsoft Overtakes AWS with Global Data Center Dominance
Cloud Computing Giants Expand Data Center Footprints with Updated Strategies In recent developments, leading cloud computing companies Microsoft and Amazon have made notable progress in expanding their data center infrastructures, seeking to address the ever-increasing demand from their customers. According to Stocklytics, Microsoft has achieved a significant milestone by establishing over 300 data centers globally, thereby surpassing Amazon Web Services (AWS).
Bitcoin Balances on Exchanges Plummet to Five-Year Low Amid Investor Shifts
Bitcoin balances on crypto exchanges have dropped to a five-year low, amounting to just over 2.3 million BTC, a striking shift driven by growing crypto adoption and evolving investor behavior. As Stocklytics reports, this significant reduction, equating to roughly $10 billion worth of BTC by Q1 2024, could signal an impending supply squeeze for Bitcoin users.
US-China trade deficit shrinks, reaching lowest level since 2010
The trade deficit in goods between the United States and China has seen a significant decrease, hitting its lowest point since 2010. The US-China trade deficit dropped by 25% to $279 billion in 2023. Notable shifts resulting from regionalization and diversification of the supply chain have emerged.
Canadians are most concerned about identity fraud
Your data is stored across countless databases for various purposes, making it a prime target for criminals. With access to your personal information, bad actors can drain your bank account and damage your credit. Identity fraud stands out as one of the most pervasive and damaging threats. In fact, the first quarter of 2024 has proven to be particularly costly for Canadians. According to Stocklytics, they lost $123 million during that period.
Blockchain Buzz Fades, AI Takes Center Stage as Global Interest Shifts
Over the past decade, blockchain technology has emerged as a promising disruptor, offering decentralized solutions across various industries. However, recent data suggests a significant decline in global interest in blockchain and a noticeable pivot towards artificial intelligence (AI) research and development. According to Stocklytics, global interest in blockchain technology has plummeted by 63% over the past three years.
Nvidia’s R&D Expenditure Records A 73% Jump In Just 5 Years
By Edith Muthoni The trailblazing semiconductor company renowned for its graphics processing units (GPUs), Nvidia has recently marked a significant milestone in its fiscal journey. According to Stocklytics.com, Nvidia propelled its research and development (R&D) expenditure to an impressive 73 per cent in 5 years. The chipmaker spent US$8.68 billion on research and development (R&D), showcasing a substantial surge from the US$2.38 billion allocated in 2019.
U.S. Millionaire Population Surges by 62% over Past Decade, Outpacing the Global Growth Rate
(Photo | Pexels) The United States has witnessed a remarkable surge in its millionaire population, outstripping the global growth rate by a significant margin. According to Stocklytics.com, the U.S. has grown its millionaire population by 62% over the past decade. This surge highlights a remarkable economic trend that underscores the nation’s resilience and dynamism in the face of various challenges.
U.S. Minimum Wage of $7.50: The Urgency of Updating it for Economic Equity
By Edith Muthoni The minimum wage serves as a critical benchmark for ensuring a basic standard of living and reducing income inequality. However, its failure to keep pace with inflation has widened the gap between the cost of living and the income of millions of Americans. According to Stocklytics, the current minimum wage of $7.50 per hour has the lowest purchasing power since 1945.
PayPal experiences a significant 60% decline in annual revenue growth in the last 3 years
Fintech giant, PayPal Holdings, has seen a significant slowdown in its annual revenue growth over the past three years. According to an analysis by Stocklytics.com, the company’s revenue growth has declined by a staggering 60% compared to figures from 2021. Edith Reads, an analyst at Stocklytics, shared insights on this trend. She attributed the decrease to heightened competition within the online payments space.
PayPal's revenue decline for the past three years: Overcoming Challenges with New Leadership
By Edith Muthoni Fintech giant PayPal Holdings has experienced a significant slowdown in its annual revenue growth over the past three years. According to an analysis by Stocklytics, the company's revenue growth has dropped by a staggering 60% when compared to figures from 2021. Edith Reads, an analyst at Stocklytics, provided insight into the trend. She attributed the decline to increased competition in the online payments space.
Saudi Arabia is World's Most AI-Ready with a Perfect Score of 100
Saudi Arabia (KSA) is leading in Artificial Intelligence (AI) readiness. According to Stocklytics.com, the country ranked first globally in the Government Strategy Index for Artificial Intelligence, boosting a score of 100. This significant achievement places Saudi Arabia at the forefront of global AI leadership, surpassing 60 other evaluated nations.
Russia and China Responsible for Close to a Quarter of the Global Cyber Attacks
By Edith Muthoni Two of the world’s most powerful nations are the leading sources of internet insecurity. That’s per a new Stocklytics.com data presentation. The outlet reports that Russia and China account for roughly 25% of the global cyber attacks. According to Stocklytics’ investments expert, Edith Reads states, cybercrime is evolving, and we’re seeing more state-sponsored actors emerging in this space. This worrying development emphasizes the need for global cooperation in stemming this danger.
Multi-Discipline Tests Reveal Gemini Surpasses ChatGPT4 by 3%
By Edith Muthoni The battle for supremacy within the Large Language Model (LLM) sector has risen a notch higher following the release of Google’s latest AI model, Gemini, previously Bard. According to a Stocklytics data presentation, Gemini recently outperformed OpenAI’s ChatGPT4 in a series of comprehensive multi-discipline tests. The outlet reports that the former outranked the latter by 3% in that assessment.
WhatsApp dominance in the US stands at a modest 31% in 2024
With the US elections just around the corner, analysts are growing wary of the risk of misinformation through popular social media platforms. In India’s 2019 election, misinformation grew more personalized, with WhatsApp raising the red flag. In its forthcoming elections, the United States is looking at a similar risk on a reduced scale, with Whatsapp holding 31% power over the state, as revealed in a recent Stocklytics.com analysis.
83% of European Investors Opt for ETFs, Marking Dominance Over Equities in 2024
By Edith Muthoni Available data shows an aggressive uptake of fixed-income ETFs among European investors in 2023. During that time, the products accounted for nearly 50% ($65B) of the region’s total ETP inflows. Current market signals indicate that they will maintain that momentum this year. Stocklytics’ investment expert Edith Reads concurs with this assessment: The European economy is on a positive trajectory, having triumphed over the challenges of inflation and high-interest rates.
US dominates 40% of the global exports of conventional weapons
While the global international arms sale is in recession, the United States (US) is seeing booming sales on its arms deals. According to Stocklytics.com, the United States accounts for 40% of all global exports in the 2018-2022 period, a notable 7% climb from the last period, 2013- 2017. The US was the most significant arms provider in Saudi Arabia, Australia and Japan, highlighting the underlying pressure on countries to prepare for any future war eventualities.
TikTok breaks lobbying records with a 326% QoQ surge
ByteDance, the parent company of TikTok, has witnessed a notable 326% surge in its lobbying expenditure from Q3 2022 to Q3 2023. This is according to an analysis by Stocklytics.com. The firm’s federal lobbying now stands at approximately $7.4 million. The company has significantly increased its lobbying efforts amidst growing scrutiny of the video-sharing app. Stocklytics Financial analyst remarked on the data: ByteDance has set new records by pouring unprecedented sums into federal lobbying.
EPL’s net spend of -€8.8b in the past decade is 4.5x that of 4 other European Elite Leagues
By Edith Muthoni, October 11, 2023 - In the ever-evolving landscape of European football, financial prowess often mirrors on-field success. A striking revelation from SafeBettingSites.com has shed light on the English Premier League’s extraordinary fiscal impact. According to the site, the EPL’s net expenditure of -€8.8 billion surpasses that of four other top European leagues by a factor of 4.5 over the past decade. Edith Reads, sports analyst at SafeBettingSites, commented on the data.
Cryptocurrency Gamblers' Daily Bet Soars To $3M: Guidance Urgent Task Original
By Edith Muthoni / Finance Expert In the dynamic world of online gambling, a new breed of adventurer has emerged, drawn by the lure of digital assets. These crypto gamblers defy convention with their tech-savvy, innovative approach, constantly seeking the next heady edge. BitcoinCasinos reports that these unconventional players are putting it all on the line for substantial winnings, with a staggering daily betting volume that has now reached an astounding $3 million.
Phishing Surges as the Leading Cyber Threat at 53% – Global Security Mag Online
In a world where digital predators roam freely, the rise of phishing attacks has left countless victims vulnerable to the ruthless theft of their valuable information and assets. These cunning schemes employ a variety of deceptive tactics, from misleading emails and persuasive texts to crafty phone calls and insidious malware, all with one sinister goal in mind: extracting user information, account credentials, and precious credit card details.
Global Disney Plus Subscriptions Decline by Over 11 Million in the Past Six Months
What took Netflix a whole decade to achieve Disney Plus did in months, marking the start of the streaming platform revolutionary. Securing about 30 million subscribers in its first quarter and more than 100 million subscribers in less than two years, Disney Plus has garnered massive achievements that cannot be taken lightly. However, despite amassing an incredible number of subscribers in a short time, the number of subscribers has been plummeting in recent months.
Sony Leads the Global Gaming Industry with $27 Billion in Revenue
Gaming, perceived initially as a kill-time activity or a children’s venture, has beaten all stereotypes and is one of the fastest-growing industries globally. The gaming industry has taken a lead in technology advancements, drawing significant attention to itself and bringing in gamers in substantial numbers. Since the first PlayStations to today’s mobile games, the gaming industry has seen unparalleled success, paving a future for itself.
Arsenal Into 7/1 To Win The Premier League After United Win
Arsenal came from behind to beat old rivals Manchester United 3-1 at the Emirates on Sunday – a win that has seen the best football betting sites chop their Premier League title odds to 7/1 – but it’s still Man City who are the red-hot favourites.
Tottenham claim highest-priced Premier League season ticket for 2022/23 season at £2025
By Edith Muthoni, August 23, 2023 - Compared to other European football leagues, the English Premier League (EPL) tops the charts on ticket prices. The allure of watching world-class talent and the intense competition contribute to the rising ticket demand. And football fans are more than willing to pay for. But even within this landscape, Tottenham’s 2022/23 premium pricing has raised eyebrows. Per a SafeBettingSites.com report, its season ticket was the priciest across the league.
NFTs Minted on the Ethereum Network Down 79% Since the Year Began
The NFT (Non-Fungible Token) revolution has caught the attention of the art, entertainment, and technology sectors. Ethereum, with its pioneering smart contract capabilities, has been the dominant player in the NFT market. Despite the initial enthusiasm for NFTs, an analysis from TradingPlatforms.com shows that NFTs minted on the Ethereum network have experienced a staggering 79% decline since the beginning of the year.
Tech Trio: Big Data, Cloud, and AI to Dominate Business Landscape in 5 Years
By Edith Muthoni / Finance Expert The significance of big data, cloud computing, and AI has grown exponentially in recent years. Companies across the world are increasingly turning to these technologies for a competitive edge, and many believe that their role in the corporate landscape will become even more critical over time. According to StockApps, over 75% of businesses are expected to embrace Big Data, Cloud Computing and AI technologies within the next five years.
Facebook breaks record, surpasses 2.98bn users worldwide
In an unprecedented digital feat, Facebook has broken records by surpassing 2.98 billion users worldwide and counting. This is according to a TradingPlatforms.com analysis. This makes Facebook the largest social networking platform in the world, and it doesn’t look like the numbers are slowing down anytime soon. This milestone underscores the platform’s pervasive influence in connecting people across continents, cultures, and communities.
AI Revolutionizes Fintech
By Edith Muthoni / Finance Expert Artificial Intelligence (AI) continues to reshape industries across the globe. One of the sectors that have embraced it well is fintech. With its ability to enhance customer experiences and improve decision-making, AI has become a game-changer for fintech. StockApps.com reports that the Global AI in Fintech Market will reach $39 billion, a 350% increase expected between 2023 and 2032.
Khvicha Kvaratskhelia tops Serie A Player of the Season with 12 goals and 13 assists
Georgian midfielder Khvicha Kvaratskhelia had a stunning debut season in Serie A, Italian Pro League. According to SafeBettingSites.com, the youngster emerged as the league’s standout player with 12 goals and 13 assists. Kvaratskhelia’s distinctive form was vital for the team’s win of the Serie A title. Edith Reads, SafebettingSites specialist left her comments.
Bitcoin transactions hit all-time 194% high
Bitcoin transactions hit a new record of 682,280 daily transactions on May 1, 2023, according to data from BitcoinCasinos.com. This is a 194% increase compared to the same time last year and represents a new all-time high for Bitcoin transactions.
China dominierend bei B2B-Transaktionen
Nach Angaben von TradingPlatforms.com werden China und der Ferne Osten in den nächsten zwei Jahren für 42% der weltweiten grenzüberschreitenden B2B-Transaktionen im Wert von insgesamt 1,7 Mrd. USD verantwortlich sein. Von Edith Muthoni* Edith Reads von TradingPlatforms äußerte sich zu diesem Thema. ‚Chinas digitale Wirtschaft wächst in einem noch nie dagewesenen Tempo. Der Vorstoß der Regierung in Richtung Innovation und Technologie sowie eine gute Politik ermutigen Investoren.
Robotaxi Market Revenues Could Hit the $4T Mark by 2027
By Edith Muthoni / Finance Expert The rise of artificial intelligence and machine learning technologies has enabled the development of autonomous vehicles, which are seen as the future of transportation. According to StockApps, this has given rise to the robotaxi market, which is estimated to be worth $4 trillion by 2027. Robotaxis are self-driving cars that can pick up and drop off passengers without any human interaction.
Cross-chain bridges' innovation became a popular target for hackers
By Edith Muthoni / Finance Expert According to TradingPlatforms, In 2022, malicious attacks on cross-chain bridges accounted for a staggering 64% of all digital currency losses. Edith Reads, a senior analyst at TradingPlatforms, commented on the data. “The technology behind cross-chain bridges is still in its infancy and has yet to be fully tested. Unfortunately, hackers have breached them and made away with millions of dollars.
The Rise of Litecoinㅡ Surpasses Ethereum
By Edith Muthoni, Finance Expert Litecoin (LTC), a cryptocurrency created from a fork in the Bitcoin blockchain in 2011, recently surpassed Ethereum (ETH) in regard to the number of unique addresses on its network. According to StockApps, the LTC total address numbers reached 171 million.
How investors protect against cryptocurrency losses
By Edith Muthoni / Finance Expert Bitcoin’s price crashed in 2022, losing over half its value from the highs of the year before. Most investors lost a lot of money, with some even seeing their entire investment wiped out. According to StockApps, Bitcoin investors suffered a capital loss of $213 in 2022, 47% of bull market gains in 2020-21. Edith Reads, a specialist from BitcoinCasinos, commented on the report. “The market crash was a reminder that Bitcoin is still an incredibly volatile asset.
NFT cumulative lending increases 10-fold in 2022
The world of NFTs is growing and becoming increasingly complex and lucrative. With the rise of NFTs, there is an increased need for financial instruments that can help facilitate liquidity in the market. One of these instruments is cumulative NFT loans. These loans are an innovative type of loan structure that is gaining traction in the NFT market. The loan works by allowing an investor to borrow against their NFT, but they can only use a portion of it.
Bitcoin balance drop on exchanges could be the catalyst for the need to turn bullish.
By Edith Muthoni / Finance Expert The crypto market has been shaken to its core with the downfall of FTX. Many big investors and individual traders have suffered huge losses, with Sequoia Capital and SoftBank among the biggest casualties. The fallout from FTX’s downfall has been felt across the crypto industry. According to StockApps.com, Bitcoin balances on exchanges dropped to a five-year low of 2.2 Million as traders attempted to limit their exposure to further losses.
Over 80% Of Bitcoin’s Volume Has Occurred on Binance Following FTX’s Exit
By Edith Muthoni, Finance Expert / StockApps The recent FTX exchange collapse has left many crypto investors scrambling to find a new home for their trading activity. However, Binance has quickly become the go-to exchange for many of these investors, as it remains the top exchange for Bitcoin trading. According to StockApps, Over 80% of Bitcoin’s volume has occurred on Binance after FTX’s collapse.
Interest in fan tokens soars 117%, fuelled by the ongoing World Cup in Qatar
By Edith Muthoni The world of football fandom is experiencing a surge in popularity thanks to fan tokens. Interest in these digital assets has skyrocketed by 117% during the ongoing Qatar World Cup, according to a TradingPlatforms.com recent data presentation. Story continues below Advertisement The website reported that search interest on the term increased from 46 in the week ending 19th November to 100 in the week ending 10th December.
Meta Relies on Ads, but There Are Other Ways
By Edith Muthoni / Finance Expert Meta has the least diverse product portfolio among Big Techs, with 97% of Its revenue coming from ads in 2022. Technology innovations have driven companies to increase their competitive advantage, thus leading to the rise of Big Techs. Meta is one of these Big Techs. Speaking on the data, Edith Reads from StockApps, said, “Meta is meticulous in executing its plan. It noticed that Ads are its primary revenue source and is going full-blown.
Top-10 Biggest Corporate Frauds: FTX & Theranos Make List of Biggest Scams
In the wake of the FTX scandal, Safe Betting Sites has listed the top 10 biggest corporate frauds in history by amount embezzled, and examine where the crypto exchange’s bankruptcy falls on the list. Valued at $32 billion, cryptocurrency exchange FTX filed for bankruptcy on November 11, 2022, leaving nearly 1 million customers unable to access their funds. Less than three years after it was founded, the cryptocurrency scam turned out to be one of the biggest corporate frauds ever.
PSG Is World’s Most Followed Football Club On TikTok, Beating Real Madrid And Barcelona
By Edith Muthoni / finance expert Social media has become a big part of people’s lives worldwide, and TikTok is one of the most popular social media platforms. With its short videos and creative content, TikTok has gained a lot of popularity among people of all ages. When it comes to sports, football is the most followed and supported sport around the world. And TikTok is no exception when it comes to football clubs.
Netflix reveals remedy for exchanging passwords
Netflix has seen a huge resurgence in subscriber growth over the past few months, and it shows no signs of slowing down. According to StockApps.com, Netflix reignited its subscriber growth to beat its forecast by 140%. Between July and September this year, Netflix’s subscriber base jumped by 2.4 million people, totaling 223 million in total. Speaking on the data, StockApps specialist Edith Reads said. “Netflix is overcoming the hard moments it faced during the year’s first half.
Google’s $5.4 billion acquisition more than doubles Gafam 2021 cybersecurity Spend
Google’s $5.4 billion acquisition more than doubles Gafam 2021 cybersecurity Spend Tech giants Google, Amazon, Facebook, Apple, and Microsoft (GAFAM) have been spending heavily to fortify their systems against cyber exploits. In 2021 the quintet spent $2.4B in fending off cyber attacks. And as per a recent tradingplatforms.com analysis, expenditure is about to more than double. This follows Google’s acquisition of cybersecurity outfit Mandiant for a whopping $5.4B.
Russia's reserves war chest surges 41% to stand at over $630 billion
By Edith Muthoni Russia's invasion of Ukraine has been the talk globally for the last few weeks. Now, it seems that the country has been stocking up its reserves for this or just about any other war. Story continues below Advertisment Tradingplatforms.com has been following up on Russia's reserves. Data compiled from the Central Bank of Russia shows that the gold and foreign reserves in the country's war chest increased from $448B in 2018 to around $630B in 2022.
Milo blockchain to offer 30-year crypto mortgage services
TL;DR Breakdown Blockchain start-up Milo has announced that it plans to offer Mortgage services to clients. The clients will have the freedom to leverage their BTC and other crypto holdings to purchase real estate in the US through the firm. Miami-based blockchain start-up Milo has announced its plans to offer crypto-mortgage to US citizens. The program will allow people to leverage their crypto stash and purchase real estate in the country.
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