In 2021, a California state court threw out a feminist blogger’s lawsuit accusing Twitter Inc of unlawfully barring as “hateful conduct” posts criticizing transgender people. In 2022, a federal court in California tossed a lawsuit by LGBT plaintiffs accusing YouTube, part of Alphabet Inc, of restricting content posted by gay and transgender people. These lawsuits […]
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At this point, Elon Musk does not need an introduction, especially after being in the news for his interesting takeover of Twitter. Nevertheless, the tech mogul was once known for his innovative approach to science and technology. In fact, his portfolio contains an extensive list of companies he had a hand in, including PayPal. But […]
Tesla Inc disclosed on Tuesday the U.S. Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver-assistance systems as regulatory scrutiny intensifies. The automaker said in a filing it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.” Reuters reported in October Tesla is under […]
With market visibility extremely low, bouts of optimism about peak interest rates this year are being repeatedly punctured by the related fear of falling demand and the prospect of a looming profits recession. And deep in the weeds of the fourth-quarter corporate earnings season, Microsoft’s overnight rollercoaster probably defines the uncertainty. Microsoft stock surged almost […]
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
TikTok Chief Executive Shou Zi Chew on a visit to Brussels on Tuesday sought to reassure the European Union the app would respect the bloc’s increasingly stringent tech rules and commitments to privacy and child safety. The short-video app, which is owned by Chinese technology conglomerate ByteDance, has for the last three years worked to […]
Tesla Inc’s steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer. Overall, 50 actively-managed U.S. equity funds have more than 5 percent of their assets in the company, exceeding the barrier that many portfolio managers will not cross for one equity […]
Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to startup accelerator Y […]
Shares of Tesla Inc snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker’s worst year on record. The stock gained 3.3 percent on the day. It is set to round off 2022 with a 68 percent drop – the most among […]