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In the middle of a crisis, Facebook Inc. renames itself Meta

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 […]

Skypod firm in UAE tied to investment company flagged abroad

The small, four-seat pod glides above the sands of a test track in Sharjah in the United Arab Emirates, a futuristic transit solution promoted by a Belarusian firm that hopes to secure contracts here in the near future. Inviting journalists to see their test track Thursday, firm uSky showed off what they described as an […]

Facebook rebrands as Meta to emphasize 'metaverse' vision

Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Zuckerberg calls the “metaverse.” Skeptics point out that it also appears to be an attempt to change the subject from the Facebook Papers, a leaked document trove so dubbed by a […]

U.S. Copyright Office endorses right to repair

The U.S. Copyright Office is intensifying its legal defense in improving digital devices by submitting its latest anti-circumvention exemptions to the Digital Millennium Copyright Act (DMCA) to forbid breaking software copyright protection. Section 1201 anti-circumvention exemptions are recommended by the Register of Copyrights every three years. A procedure that delivers legal protections distributed on various […]

Australian authorities raise concerns against Apple NFT prohibitions

Australia’s parliamentary joint committee on corporations and financial services vocalized concerns around Apple’s business conduct in relation to prohibiting NFC chips incorporated into its device from being utilized for Apple Pay. Australian banks are required to deliver a monetary fee to the iOS developer to obtain access to its Apple Pay feature. In parallel, numerous […]

Ooredoo Group marks a $6 billion growth in Q3

Qatari telco, Ooredoo Group, released on Wednesday its 2021 third quarter (Q3) revenue report, marking a 3 percent increase in a fiscal year. The Qatari multinational telecom firm reported a rising revenue margin touching an estimate of $6 billion for the nine months ending in September, an augmentation referenced to increasing growth in the country’s […]

America 'on fire': Facebook watched as Trump ignited hate

The reports of hateful and violent posts on Facebook started pouring in on the night of May 28 last year, soon after then-President Donald Trump sent a warning on social media that looters in Minneapolis would be shot. It had been three days since Minneapolis police officer Derek Chauvin kneeled on the neck of George […]

EU investigates Nvidia's purchase of chip designer Arm

European Union regulators opened an investigation Wednesday into graphics chipmaker Nvidia’s $40 billion purchase of chip designer Arm over concerns it would limit competition, adding to global scrutiny of the deal. The European Commission said it’s concerned the combined company would have the ability and incentive to restrict access to technology from United Kingdom-based Arm […]

Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots. Ford’s net income of $1.83 billion fell 23% from a year ago, while GM’s profit dropped 40% to $2.4 billion. High prices, mainly for the […]

Zuckerberg fires back against claims of profit over people

Mark Zuckerberg on Wednesday addressed during Facebook’s third-quarter earnings call the escalated allegations, as the CEO attempted to drift recently surfaced claims from his social networking platform. According to the Big Tech platform’s CEO, the storm hitting his company arising a wave of bad press was led by “a coordinated effort to selectively use leaked […]