Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes effect. […]
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Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants, may have tipped the scales […]
ByteDance is planning to disjoin its global social media sensation, TikTok, into a solitary business unite, following an executive decision to break down the company into six entities, according to Reuters. Chief executive officer (CEO), Liang Rubo, has initiated plans to refurbish the technology enterprise into various parts, following founder Zhang Yiming’s decision to retire from […]
Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the ” metaverse.” But the social network itself will still […]
Facebook’s semi-independent oversight board says the company has fallen short of full disclosure on its internal system that exempts high-profile users from some or all of its content rules. Facebook “has not been fully forthcoming” with the overseers about its “XCheck,” or cross-check, system the board said in a report Thursday. It also said it […]
Facebook announced on Tuesday plans to rebrand its image by changing its name to mirror the tech giant’s recent emphasis on creating its metaverse, according to The Verge. Mark Zuckerberg is planning to change the social networking company’s name, with the new label will be announced next week at the company’s annual Connect conference on October […]
The third day of GITEX Tech Week 2021 was one full of announcements; many companies had waited until everyone was immersed into the action to get them fired up with their innovations and news. Ceremonies, statements, new releases, partnerships, and the like reciting exciting opportunities opened up in the world of tech. Be they local, […]
The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange Commission’s staff released Monday about January’s “meme-stock” mania. As […]
Microsoft is shutting down its main LinkedIn service in China later this year as Beijing tightens its internet rules. The company said in a blog post Thursday it has faced a “significantly more challenging operating environment and greater compliance requirements in China.” Microsoft is the latest American tech giant to lessen its ties to the […]
Some Verizon Visible service subscribers vocalized their concerns of a data breach on various social media platforms, to inform the wireless company of their accounts’ compromise. Verizon’s Visible service is a cell service perceived as a less costly network that does not have any physical stores like users can have with the traditional carrier, according […]