Facebook’s parent company, Meta, submitted an appeal to the UK competition watchdog ruling forcing the tech giant to sell the recently acquired company, Giphy, under the pretense that it removed a potential advertising rival. In December 2020, the Big Tech giant appealed against the Competition and Markets Authority (CMA) for prohibiting the acquisition, after it […]
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In a region fraught with controversy, Tesla has opened a new dealership in China, Xinjiang, the same area where the Chinese government was accused of human rights violations against the Uyghur Muslim minority. This move strangely comes just after U.S president Joe Biden signed the Uyghur Forced Labor Prevention Act to protect said minority from […]
Samsung Electronics Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts’ estimates showed. Operating profit for the world’s biggest memory chip and smartphone maker likely hit 15.2 trillion won ($12.7 billion) in the quarter ended December, according to a […]
India’s competitions watchdog, the Competition Commission of India (CCI), is launching an investigation into Apple’s business practices for the alleged abuse of its dominant market position in the Indian app market, violating antitrust laws. This move comes after a non-profit group, “Together We Fight Society,” accused the tech giant of forcing app developers to abide […]
Morgan Stanley agreed to pay $60 million to settle a lawsuit by customers who said the Wall Street bank exposed their personal data when it twice failed to properly retire some of its older information technology. A preliminary settlement of the proposed class action on behalf of about 15 million customers was filed on Friday […]
Elon Musk’s Tesla Inc revealed on Sunday its quarterly deliveries, marking a new reported record, exceeding Wall Street expectations as the globe battles through a semiconductor crisis. For Tesla, this signaled a six consecutive quarter following its report highlighting its high record deliveries. The electric vehicles (EV) company supplied in its fourth-quarter 308,600 cars, surpassing […]
Riot Games revealed on Monday a final agreement to pay $100 million as a settlement to a gender-based discrimination class-action lawsuit going back to 2018. The lawsuit concerns California state agencies, alongside existent and former female employees working in the California-based gaming titan. According to the video games developer, the company is willing to finalize […]
Ex-TikTok video moderator is accusing parent company, ByteDance, of failing to take care of their employees’ mental wellbeing against a nearly endless barrage of traumatic footage viewed and filtered out daily throughout long working hours. Candie Frazier was subjected to viewing hours of disturbing content, including mass shootings, animal mutilation, child rape, suicide, cannibalism, gang violence, murder, […]
The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes will start their second week of deliberations Monday. Holmes faces 11 criminal charges alleging that she duped investors and patients by hailing her company’s blood-testing technology as a medical breakthrough when in fact it was prone to wild errors. The eight men and four […]
A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants. The Tagansky District Court ruled that Google repeatedly neglected to remove the banned […]