EdTech Insight – Jeff Bezos sells more than $2 billion in Amazon stock for third time this month

by EdTechMate | Feb 15, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The recent news regarding Jeff Bezos, founder and former CEO of Amazon, selling approximately $2.03 billion of his company shares, represents a significant move within the tech industry. Bezos’s strategic stock...

EdTech Insight – Trade Desk shares soar on revenue beat and strong guidance

by EdTechMate | Feb 15, 2024 | CNBC, News & Insights

Sure, here’s the content summarized following your instructions: Executive Summary and Main Points The Trade Desk’s robust performance, with shares surging over 18% in response to their positive first-quarter guidance and revenue beating expectations,...

EdTech Insight – Nvidia holdings disclosure pumps up shares of small AI companies

by EdTechMate | Feb 15, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia, a leading artificial intelligence (AI) and chipmaker, has made strategic investments in a diverse set of companies, leveraging its dominance in AI to create substantial market growth. Its key stakes include organizations in...

EdTech Insight – Microsoft will bring four Xbox games to other companies’ consoles

by EdTechMate | Feb 15, 2024 | CNBC, News & Insights

Executive Summary and Main Points The international education sector should pay close attention to Microsoft’s recent announcement to release four video game titles on competing consoles. This move signals a strategic pivot in Microsoft’s traditionally...

EdTech Insight – Cisco says it’s cutting 5% of global workforce, amounting to over 4,000 jobs

by EdTechMate | Feb 15, 2024 | CNBC, News & Insights

Executive Summary and Main Points In the evolving landscape of global education technology, Cisco’s recent announcement of workforce reductions and a significant acquisition underscores the volatility and rapid digital transformation in the tech sector. While...

EdTech Insight – TikTok, Facebook and YouTube sued by New York City for alleged harm to kids’ mental health

by EdTechMate | Feb 15, 2024 | CNBC, News & Insights

Executive Summary and Main Points The Mayor of New York City has initiated a lawsuit on behalf of the city, school districts, and health organizations against major social media companies, including Meta (Facebook, Instagram), Snap (Snapchat), ByteDance (TikTok), and...