Temu, the Chinese fast fashion brand that has taken e-commerce retail in the United States by storm in recent months, was the biggest ad spender for Meta Platforms’ social media sites Facebook and Instagram, according to a report.Temu’s parent company PDD Holdings spent around $2 billion on ads with Meta last year alone, according to The Wall Street Journal.The $2 billion figure represents 10% of Meta’s ad revenue last year, which is almost double compared to two years ago.In its most recent earnings report ...

Costco hopes to strike gold again — this time with silver.The big box retailer — which said it sold more than $100 million worth of gold bars in its most recent quarter — said has begun selling 25-count tubes of an ounce of Canada Maple Leaf Silver Coins for $675 apiece on its web site.The front of the coin shows an image depicting a maple leaf while the back displays a likeness of King Charles III.Costco members are permitted to purchase a maximum of five. All purchases are non-refundable.The price works o ...

Apple is rumored to start manufacturing a new, foldable version of the MacBook laptop within in three years, an analyst revealed.Tech analyst Ming-Chi Kuo said the foldable laptop is expected to enter mass production as 2027 — and is also predicting that it will hit the market before a collapsible iPhone or iPad, which he initially anticipated to happen “in 2025 or 2026.”“My latest survey indicates that currently, Apple’s only foldable product with a clear development schedule is the 20.3-inch MacBook,” Kuo ...

Disney has been slapped with lawsuit for allegedly underpaying the maintenance workers at its Disneyland Hotel located just outside of its California-based theme park.The lawsuit, filed in Orange County Superior Court on Thursday, claims the hotel’s workers were not paid the correct overtime rate and were forced to pay for their own “hand tools” and equipment while on the job.“Under California Wage Orders, employees required to bring their own tools must be paid double the minimum wage,” per the complaint.M ...

An Orlando realtor was incensed that an order of hash browns at McDonald’s costs $3 apiece — prompting him to make a viral TikTok video slamming the fast food chain.Freddie Smith reacted to an online news story from CNN detailing customer anguish over the soaring prices of McDonald’s menu items.“You know s–t’s messed up when McDonald’s is becoming a luxury in this country,” Smith said in the video, which has been viewed more than 3 million times. 5 Freddie Smith, an Orlando realtor, was incensed over McDo ...

Nvidia’s board members collectively cashed in on nearly $300 million worth of holdings in the $2 trillion artificial intelligence giant so far this year, reaping the benefits of the company’s recent stock surge.Longtime Nvidia board member Tench Coxe — the former managing director at California-based venture capital investment firm Sutter Hill Ventures — sold 200,000 shares on March 5 at $850.03 to $852.50, according to a regulatory filing.The transaction marks a windfall as high as $170.5 million for Coxe, ...

Google has been touting the myriad innovations in the first building wholly designed and built by the web giant, even moving workers in to focus on its highest-profile project: generative artificial intelligence. But, some say they wish the innovations had included decent Wi-Fi.The “Bay View” building, located on the Alphabet unit’s Mountain View, Calif., headquarters, has been plagued for months by inoperable or, at best, spotty Wi-Fi, according to six people familiar with the matter.Its recliner-laden col ...

Apple is facing heat from European Union antitrust cops after it blocked “Fortnite” maker Epic Games from launching its own app store for iPhone customers — a brazen move that came even as it faced a deadline to comply with a sweeping European tech competition law. The Cupertino, Calif.-based firm on Wednesday escalated its nasty public feud with Epic Games and its CEO Tim Sweeney — who previously called Apple’s proposed compliance changes to its App Store “hot garbage” — by terminating the developer accoun ...

Novo Nordisk on Thursday surpassed Tesla in market valuation after the maker of the popular weight-loss drug Wegovy and Ozempic announced positive early trial data for a highly anticipated new obesity drug.Shares surged more than 8% to record highs, shooting Novo Nordisk up in global rankings to the 12th most valuable company from 14 previously, after it told investors a Phase I trial of the pill version of experimental drug amycretin showed participants lost 13.1% of their weight after 12 weeks.That compar ...

Apple blocked “Fortnite” maker Epic Games from launching its own third-party app store for iPhone and iPad customers in Europe – a stunning escalation of the long-running legal feud between the two tech giants.The Cupertino, Calif-based company terminated the developer account for Epic Games’ Swedish affiliate, effectively nixing the video game maker’s plans to offer “Fortnite” and its “Epic Games Store” directly to Apple customers. Apple had approved the developer account just a few weeks earlier.The broad ...