Latin America - CybAI news

17 Aug

Musk Vows to Close X’s Brazil Operations, Will Maintain Service

stp2y0 CommentsRAG modelsbrazil, Elon Reeve Musk, europe, free, Government, Latin America, politics, regulation, social media, supreme court, Technology, TWITTER INC

Elon Musk’s X is closing its operations in Brazil while keeping the service available in the country, according to posts Saturday from the social-media platform. The announcement marks the latest step in a showdown between the world’s richest man and Brazil’s Supreme Court Justice Alexandre de Moraes, who is spearheading efforts to combat fake news and hate speech in Latin America’s largest economy. Source link lol

13 Aug

Nubank Posts Record Revenue, Profit While Boosting Credit

stp2y0 CommentsRAG modelsAmericas, brazil, BRICS, Colombia, Emerging Markets, finance, Guilherme Marques do Lago, industries, Latin America, Mexico, Technology

Nu Holdings Ltd., one of the world’s largest digital banks, beat analyst estimates in the second-quarter while posting record revenue and profit despite headwinds from weaker local currencies in Latin America.Nubank, as the company is known, recorded $2.8 billion in revenue in the quarter through June 30 compared with a median estimate of $2.66 billion in a Bloomberg survey. Net income more than doubled from a year earlier to $487 million, surpassing analyst expectations of $418 million. Source link lol

09 Aug

Millicom’s Board Committee Rejects Xavier Niel’s Improved Bid

stp2y0 CommentsRAG modelsbusiness, deals, europe, finance, GOLDMAN SACHS GROUP INC, Investment Company, Latin America, Markets, MILLICOM INTL CELLULAR S.A., MORGAN STANLEY, NORDEA BANK ABP, Stockholm, Technology

Millicom International Cellular SA rejected a raised offer from billionaire Xavier Niel who is seeking to buy the Latin American phone carrier for $4.4 billion. Niel’s Atlas Luxco Sarl last week offered $25.75 a share in cash for Millicom, which improved on a previous offer of $24 a share after the company’s independent board committee dismissed the initial offer as too low. In a statement published Friday, Millicom said the committee thinks the price offered remains unsatisfactory since it “continues to be well below trading multiples for comparable listed companies.” Source link lol

09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

stp2y0 CommentsRAG modelsAsia, BRIDGEPOINT GROUP, business, deals, ESKER SA, europe, industries, IPOs, Latin America, North America, Private Equity, software, Technology, United Kingdom

Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol

08 Aug

Beds, Cars and Haunted Museums: the Unconventional Places Where Podcasts Now Record

stp2y0 CommentsRAG modelsAutomotive, Bobby Lee, business, Houston, Larry Mestel, Latin America, media, Nick Cannon, PRIMARY WAVE MUSIC PUBLISHIN, screentime, SPOTIFY TECHNOLOGY SA, Technology, youtube

Welcome back to Soundbite. Today we’re looking at the increasingly unique things podcasters are doing on camera in order to stand out on YouTube. As always, reach me through email, and if you haven’t yet subscribed to this newsletter, please do so here . Tell a friend to sign up, too. Also, a quick housekeeping note. We’ll be off next week with no newsletter. Apologies! Cape Cod calls. Source link lol

07 Aug

Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Asia, BOOKING HOLDINGS INC, Brian Joseph Chesky, Capital Markets, Currency, europe, JULY SARL/CAEN, Latin America, Markets, Technology, travel

Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb saidBloomberg Terminal it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season. Source link lol