Tech

Jack Dorsey Resigns as Twitter CEO

Jack Dorsey announced Monday that he is leaving Twitter after co-founding the social media platform in 2006 and serving as its CEO since 2015

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Roblox Making EdTech Play?

Roblox, the company that is known for creating the Roblox video game, announced on Monday that it is going to invest $10 million in the development of educational video games for middle school, high school, and college students

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Meta

Before the shuffle of the “Halloweekend” began, Facebook made a major announcement: The company would now be called Meta to emphasize the organization’s new mission, building the metaverse. Facebook, now Meta, was in the midst of a well-publicized, “whistleblower” suit regarding the company’s implicit knowledge of the potential damage that its products have on mental health and society as a whole. While it’s no secret Facebook is also at the center of Washington’s wrath, this name change was not solely a public relations stunt

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Magic Leap: The WeWork-Theranos Level Fiasco You Never Heard About

Fort Lauderdale Florida, a town often dubbed with the nickname Fort Frauderdale, because of a high frequency of white-collar crime in a region of the United States infamous for being built on the back of financial crime. In this sun-soaked pseudo tropical paradise, an augmented reality company was raking in billions of dollars in funding for trailblazing a new frontier in entertainment

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Snap Left Scrambling After Apple Privacy Changes

Snap lost a quarter of its value in after-hours trade on Thursday as the social media group posted a bleak outlook for its fourth quarter, blaming Apple’s recent privacy changes. The Snapchat parent warned that revenues in the forthcoming quarter would be between $1.16bn and $1.2bn, well below the current consensus estimate of $1.4bn, according to S&P Capital IQ

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Foxconn Announces EV Platform

Foxconn Technology Group, the company most known for the manufacturing of Apple products, has introduced three models of electric vehicles on Monday as the company attempts to expand its market into different areas

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Giga Germany to Open In November

Elon Musk’s German Gigafactory received significant setbacks as environmental concerns delayed the opening of the factory from July 2021 to November or December of this year

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Autonomous Freight Trains Are The Future

Growing concerns over the effectiveness of fully autonomous vehicles have led researchers and developers towards a new sector to fully automize, trains

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General Motors Sets Ambitious Targets for the Future

General Motors announced its shift to a high-tech future recently by unveiling plans to convert more assembly plants in North America to make electric vehicles by the end of the decade, and GM is also expected to outline important plans to double annual revenues by 2030 and grow earnings before interest and taxation adjusted margins for investors as it transitions to a green, completely electric future

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Facebook Experiencing Worst Outage in Years

Facebook, Instagram, and WhatsApp were offline for 9 hours Monday

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Google Battles EU Over $5 Billion Lawsuit

Alphabet Inc.’s Google began its appeal on Monday to the European Union’s second-highest court in an attempt to overturn a $5 billion antitrust suit alleging that Google has hindered the possibility of competition on Android devices

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New Malware Stealing Data from Banking Apps

The threat actors behind Blackrock have developed a new malware known as ERMAC and have begun targeting banking and wallet apps within Poland

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Twitter Settles Lawsuit for $809 Million

Twitter has agreed to settle a class-action lawsuit that began in 2016 by paying $809.5 million. The social media company was accused of misleading investors about the platform's engagement rates in 2015, this included Twitter's monthly active users as well as how frequently users interacted with the platform

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Cruelty for Profit: Facebook’s Internal Research Leak Bombshell

Journalism is far from dead. Recently the Wall Street Journal started a deep dive into Facebook’s internal research and company documents on policy to uncover how the company really runs its platforms. We’ve done you the favor of wading through everything they uncovered and extracting the largest discoveries of the investigation, but first, let’s begin with a short monologue to add some historical context about how this war over the human mind began

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Facebook's "Whitelisted"

Something that was always long assumed, and that is now confirmed, not all Facebook users are equal. Facebook has privately built a list of elite users that are largely completely exempt from the same censorship and controls protocols it places on its average everyday users

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Trial Set for Theranos Founder

Elizabeth Holmes, the founder of the now-defunct blood-testing startup Theranos, is set to go on trial today in a federal court, where prosecutors are set to reveal the evidence for fraud charges against the former rising star

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The Demise of DiDi

The take no prisoners approach that brought so many American tech start-ups to be multi-billion-dollar cash cows, apparently does not work in China, well not for long. Companies like Uber, Lyft, Airbnb, Bird, and Lime all rushed into markets with all the force of a panzer division seeking to grab as much market share as possible breaking plenty of rules in the process. DiDi, China’s leading ride-hailing giant mimicked the same model and now it’s paying the price

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TSMC Price Hike

It may seem that the global chip shortage is coming to a close as companies across the world have begun manufacturing at somewhat normal speeds as well as the United States expanding its manufacturing capabilities. However, as chip manufacturers return to normal, companies like Taiwan Semiconductor Manufacturing Co. have decided to increase prices on nearly all of their semiconductors

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China’s Silent Tech Crackdown

China is exerting more subtle methods to tighten its grip on the country’s growing technology sector. The government has taken an ownership stake of at least 1% in a subsidiary that controls the domestic Chinese social media and information platforms of ByteDance, the Beijing-based company that owns TikTok. The arrangement has also given the Chinese government three seats on the board of ByteDance

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Intel Building Two Factories for Domestic Chip Manufacturing

The Department of Defense has been developing a plan to deal with the continual global chip shortage. The DoD requested an additional $2.3 billion in the department’s budget in order to fund a program to bring semiconductor manufacturing back to the United States out of concern that a continual chip shortage poses serious national security risks

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Tesla's Autopilot System Under Investigation

The National Highway Traffic Safety Administration (NHTSA) has begun to investigate the safety of Tesla Inc.’s driver assistance software known as Autopilot. The cause for concern came out of 11 car accidents since 2018 in which the accident was caused by a Tesla that at the time was using the Autopilot feature

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EU Slaps Amazon with Record $887 Million Fine

Luxembourg’s National Commission for Data Protection (CNPD) has hit Amazon with a record-breaking €746 million ($887 million) GDPR fine over the way it uses customer data for targeted advertising purposes

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Netflix Moving Into Gaming?

During its most recent quarterly earnings call, Netflix has officially confirmed plans to bring video games to its service closing in on a market expected to be worth over $1 trillion by 2027. Rumors about Netflix making games had started to spread earlier this month after the company hired former EA and Facebook executive Mike Verdu to be the vice president of game development

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Tencent Betting Billions on Gaming

Tencent has struck a nearly $1.2 billion (£919 million) deal to buy the UK games developer Sumo as the Chinese tech company continues its multi-year-long gaming acquisition spree. Sumo, which was founded in Yorkshire in 2003, has developed games for Sony, Microsoft, and Sega including installments of the Forza, Hitman, Sonic, and LittleBigPlanet franchises

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Flipkart Poses Challenge for Amazon in India

An Indian eCommerce company known as Flipkart raised only $3.6 billion in funding for what was considered to be a $37.6 billion valuation. Most of the funding came from Walmart and SoftBank coming in as the second-largest funder

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Apple's Data Privacy Makes Ads More Expensive

Back in April Apple pushed for increased data privacy for its iOS users by forcing apps obtained through the app store to request tracking permission of its users. Since then, mobile advertising companies have shifted away from advertising through the iOS system and are now focusing their efforts on Android

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Facebook, Twitter, Google Warn China Over Hong Kong

As Beijing continues to expand its incursion into Hong Kong and continues to dismantle its autonomy, American tech giants have privately warned the Hong Kong government that they could stop offering their services in the city if authorities proceed with planned changes to data protection laws that could make them liable for the malicious sharing of individuals’ information online

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TikTok Insiders Confirm Our Worst Fears

Former TikTok employees say there is serious cause for concern when it comes to the popular social media app’s Chinese parent company. TikTok insiders say ByteDance has access to TikTok’s American user data and is closely involved in the Los Angeles company’s decision-making and product development

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Facebook Linked to Sex Trafficking?

Facebook is in hot water after three women filed lawsuits against the company for being forced into prostitution by people who used the social media platform.Facebook may be held liable due to the claims that Facebook failed to warn minors of the possible dangers of strangers on the internet as well as failing to properly block sex trafficking activity on the platform. The women argued that Facebook could use advertisement space to inform women of the dangers of sex trafficking but are reluctant to do so because the company would rather sell the ad space

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Germany Takes on Big Tech

Apple and other big tech companies are facing international pressure as Germany’s Federal Cartel Office has launched a probe into Apple to examine the companies market dominance and determine whether there have been any antitrust violations. This has been the fourth company Germany has launched investigations into this year with Facebook, Google, and Amazon already undergoing investigation

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The Cobalt Bubble

The Democratic Republic of Congo currently holds over half of the world’s reserves of Cobalt - which has been a desired material for the manufacturing of lithium-ion batteries. However, as advancements in battery technology shift the demand for cobalt downward, Congo has developed plans to greatly reduce the mining of cobalt and shift towards copper

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Google Encrypt

As cybersecurity becomes more important for businesses and consumers across the globe, Google has introduced new methods for encrypting information within the Google Workspace platform

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Europe Answers the Chip Shortage

With the global chip shortage continuing to put strains on the supply chain, Robert Bosch GmbH has opened a $1.2 billion factory near the city of Dresden in Germany, with the hopes of supplying Europe with semiconductors and reducing their reliance on imports from Asia

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Autonomous Vehicles Raising Doubts

Promises of self-driving cars from leading engineers such as Elon Musk may have been misleading as skeptics are now unsure when self-driving cars will reach consumers. With over $80 billion already invested into the industry, some are concerned that fully functional autonomous cars could take decades to create or may never become a reality

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Amazon Exploiting Third-Party Sellers?

On Tuesday, May 25th, the District of Columbia filed an antitrust lawsuit against Amazon.com Inc. claiming that Amazon is preventing sellers from offering lower prices on other websites outside of Amazon

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EU Eyeing Facebook for Antitrust Investigation

The EU is closing in on its first formal antitrust investigation with its eyes set on the social media giant, Facebook. The EU has been vamping up its enforcement of regulations with big tech companies in recent years, and the European Commission is reportedly set to open formal antitrust proceedings against Facebook after many long and intensive investigations into the company

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The Debate Over AI & Ethics

In 2014 Google purchased the start-up company known as DeepMind, known for its leading research, development, and discussions on the ethics associated with artificial intelligence. Since then, DeepMind has been seeking increased autonomy from the parent company of Google, as they believe the sensitive research that the company does “shouldn’t be controlled by a single corporate entity

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What The Chip Shortage Means for EV Upstarts

In the wake of the Covid pandemic electric vehicle upstarts like Canoo, Rivian, Lucid, and Fisker are find themselves under the gun do to mounting supply chain pressure and labor shortages — what’s more the entire auto industry is missing production goals because of the global chip shortages. For EV upstarts, the timing couldn’t be worse

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The Return of the Microbus

LA-based EV startup Canoo is bringing its first vehicle to market in 2022. The company said Monday its electric microbus-slash-van will be available to purchase at a base price of $34,750 before tax incentives or add-ons. It’s now taking preorders in the United States for the electric “lifestyle” vehicle, as well as for its round-top pickup truck and multi-purpose panel van

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Apple Has Its Own Ad Business

Apple seems to be gaslighting its neighbors, after releasing a groundbreakings privacy update that further cuts into other tech giant’s Ad revenues and Ad-tech serving methodologies, Apple seems to be further getting into the Ad business itself…by introducing a new Ad unit placement into the App Store and expanding paid placement on the search page

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Microsoft To Lose Pentagon's JEDI Contract?

Pentagon officials have begun to revisit their decision in 2019 that awarded Microsoft with a $10 billion contract to create the JEDI Cloud Project for the Department of Defense (DoD). Microsoft was given the task of the JEDI Cloud Project over Amazon and since then Amazon has been fighting the decision in court

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Drone Dash

Drone delivery of groceries has been a growing prospect for retailers in recent years and with new investments by companies such as Kroger Co. and Walmart, drone delivery could become a reality in parts of the country by the end of this year. The Covid-19 pandemic has increased the demand for the home delivery of products across several sectors, most notably groceries. With an increased demand for delivered products in general, drone delivery has become a hot topic for retailers across the country

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Shots Fired In Epic Games and Apple Legal Battle

Last August Epic Games announced it would take the proverbial Goliath that is Apple to court after it removed the company’s hit game Fortnite from the App store. Epic Games in court has claimed that Apple has left users and developers “trapped” in an anticompetitive marketplace. In testimony during the anti-trust trial, it was also alleged that Apple made a whopping 78% operating margin on its App Store based on expert research

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Apple is Betting Big on America with $430 Billion Investment

Possibly America’s most successful company in its 244-year history, Apple keeps sending soft signals of its commitment to its domestic investments; earlier this week, the companies new landmark iOS update aimed at putting more power back in the hands of its customers to protect their personal privacy, and now it’s sending a hard signal in the form of cold hard cash

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Apple Reshuffles The Deck In iOS Update

Apple announced today that the privacy changes to its Identifier for Advertisers IDFAs in iOS 14 are coming during this week with its next operating system software release

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DOJ Strikes Cyber Underworld

The U.S. Department of Justice announced Friday that they have sentenced a high-level manager of a hacking group known as FIN7 to 10 years in prison

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Parler Returns on iOS

Apple plans to make the social-media app Parler available through its App Store again, the computer and smartphone company said in a letter to lawmakers on Monday

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Taiwan Draught Putting More Pressure on Chip Supply Chains

Taiwan is currently experiencing the worst drought the island has seen in the past half-century, and this has posed a serious issue for the recent chip shortage as Taiwan makes up nearly two-thirds of the world's semiconductor manufacturing capacity with Taiwan producing 65% of the world's semiconductors.Taiwan requires a significant amount of water to produce chips and as the drought limits water supply, companies are trying to find alternate methods to keep supply consistent. Taiwan’s government has begun rationing water for its businesses and residents and fear that the issue will worsen unless rainfall is soon to come

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Google Facing Anti-Trust Accusations

In light of the Texas antitrust lawsuit against Google, the tech giant is being accused of creating a secret project known as “Project Bernanke” that could be used to dominate the digital marketing industry and create a monopoly over digital advertising

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The Arms Race In Rare Earth Elements

The United States is preparing to take a stand against China’s prolonged dominance as the world's leading rare earth mineral distributor, as well as the leading manufacturer of high-powered magnets

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LG Shutting Down Smartphone Business

LG said on today it will close its loss-making mobile phone business worldwide as the once pioneer brand looks to concentrate its resources in “growth areas” such as electric vehicle components, IoT, robotics, AI, B2B solutions, & platforms and services

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Supreme Court Rules In Google's Favor

The Supreme Court recently ruled in favor of Google against Oracle in a decision that has concluded a long-running copyright dispute over the software used in Android. The dispute originated over 12,000 lines of code that Google used to build Android that were copied from the Java application programming interface developed by Sun Microsystems, which was acquired by Oracle in 2010. The case was viewed as a landmark legal decision over what types of computer code will be protected under United States copyright law

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Massive Facebook Data Leak

Cybersecurity has been a growing concern on the internet around the globe, and despite an ever-increasing push for data protection on the internet, some Facebook users could still be experiencing the consequences of a Facebook hack that took place in 2019

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Big Tech’s Battle for India

The worlds second-largest market and fifth-largest economy has become the battleground for what might be the fiercest battle for market share since the dawn of the tech boom. In the past year, Google has pledged to invest over $10 billion within the next 5 years, Facebook invested $5.7 billion on India’s Jio in addition to having over 340 million Indian users on WhatsApp, one of Facebook's core products, and Amazon has invested over $6.5 billion

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Apple Continues It's Bet on Privacy

Apple is planning on taking another step towards providing better privacy for its users by decreasing the ability for an app to track the user for targeted ads. Apple calls this the app-tracking transparency initiative in which a user will have the decision on whether or not they want an app to track their activity across other apps and websites

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Chinese Hackers Targeting American Uyghurs

Chinese hackers have reportedly been targeting Uyghur activists and journalists living in the United States, according to an investigation by security staff at Facebook. "They targeted activists, journalists and dissidents among Uyghurs and other Muslim minorities from Xinjiang in China primarily living abroad in Turkey, Kazakhstan, the United States and other countries," Facebook recently announced in a blogpost Wednesday that detailed its findings about China’s “cyber espionage campaign”

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Fire At Chip Plant Causing Concerns

The Japanese chip manufacturer, Renesas Electronics, announced recently that production may take up to a month to resume after a fire destroyed a main factory in Hitachinaka, northeast of Tokyo, and considering the many processes in semiconductor fabrication, it could possibly take up to, if not over, three months for supply chains return to normal

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A Screenshot Just Sold for $69 Million

03.15.21 - If you’re familiar with the world of cryptocurrency, you’ll be familiar with the world of nonfungible tokens. A digital-only art file in the form of a nonfungible token has just sold for $69.3 million. Yeah, it might as well be a pdf file. The buyer, who goes by the pseudonym Metakovan purchased the NFT with cryptocurrency. “I feel like I got a steal,” the buyer said in an interview. The transaction was arranged by Christie’s

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China's Tech Crackdown

03.15.21 - China cracked down on big tech within its borders recently by fining twelve companies, including Tencent Holdings and Baidu, due to the fact that they neglected to properly report investment deals

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Thousands of Macs Infected With Malware

02.22.21 - Nearly 30,000 Macs around the world have reportedly been infected with a mysterious malware. The malware in question, which is called Silver Sparrow, is not demonstrating the usual behaviors that experts expect from malware that targets macOS systems, according to experts on the subject

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Facebook Doubles Down On Australian Bill

02.22.21 - A new bill, which is expected to pass this week, has been gaining momentum in Australia that would require tech giants to pay publishers and media organizations for the use of articles on their platforms and networks

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Apple Doubles Down On Privacy

02.15.21 - With the use of the internet becoming a larger part of our everyday lives, the question of cybersecurity is a growing concern for users around the world. Apple has chosen to take a direct approach to ensure that their customers maintain a high level of security with the upcoming iOS 14.5 update

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Zuckerberg Out for Blood

02.15.21 - Reports of a long-time feud between Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook have resurfaced, with recent reports detailing angry comments apparently made by Zuckerberg in 2018.

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Hyundai & Kia Deny Apple Talks

02.08.21 - "We are not having talks with Apple about developing self-driving cars," Hyundai recently said in a statement that was released to the press

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Facebook's "Supreme Court" Rules Against the Company

02.01.21 - Facebook's Oversight Board recently overturned a number of the company's content moderation decisions in the bodies first set of rulings since they began hearing cases at the end of last year

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Google Pushes Forward with Plan to Remove Third-Party Cookies

01.25.21 - Google recently stated that it had been pushing forward on its efforts and had made significant progress on building an alternative to third-party cookies that are more private for users browsing on Chrome

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Google Threatens to Shut Down Search Engine In Australia

01.25.21 - Australia has recently been debating a new bill designed to benefit many media corporations and other content providers by requiring companies like Google to provide payments to media corporations for simply providing links to news results in Search. Google has stated that it will shut down its entire search engine in Australia if the controversial bill becomes law

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Grab Explores Public Offering

01.18.21 - Grab, the Singapore based ride-hailing giant, is considering going public in US capital markets this year. According to ABI Research, Asia Pacific accounts for 70% of all ride hailing trips in the world, of which Grab holds an 11.4% market share

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WhatsApp Delays Updated Privacy Policy After Backlash

01.18.21 - WhatsApp is delaying an updated privacy policy following a backlash over data concerns regarding what it shares with its parent company, Facebook. WhatsApp recently began notifying its users of the upcoming updated terms of service and privacy policy, which users have to agree to in order to keep using the app after February 8th

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Parler Banned As European Leaders Scorch Big Tech

01.11.21 - Big tech has flexed their strength in the wake of last Wednesday’s tragic events in Washington DC where an angry mob stormed and occupied the United States Capitol building. Amazon Web Services has effectively kicked social media app Parler off of their cloud services hosting platform

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Apple In Talks With Hyundai for iCar

01.11.21 - Apple is reportedly in talks with Hyundai about partnering on an electric iCar. A partnership with the South Korean company makes a lot of sense for Apple, and the two companies could be agreeing on a deal as early as March, according to some reports

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Google Workers of the World Unite

01.04.21 - Hundreds of employees at Google and its parent company Alphabet have launched a union in a rare move for the tech industry. The move also represents the biggest and most organized challenge yet to the company's executive leadership after years of growing employee dissatisfaction

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Tesla's Growing Pains

12.28.20 - Tesla is set to make its India debut in early 2021. The company is currently exploring expanding manufacturing into the world’s second most populated market.

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Airbnb Executive Resigned Over Chinese Data Sharing

11.23.20 - When Airbnb filed its S1 last week, the company disclosed that its ability to continue doing business in China is a risk factor for its brand and profitability.Operating in the China has sparked debate among the startup’s senior leadership for some time, leading a top executive to depart abruptly last year.Airbnb hired Sean Joyce, a former deputy director of the Federal Bureau of Investigation, in May of 2019 as its first “chief trust officer,” a role that entailed protecting users’ safety on the platform

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Google's Fiber-Optic Diplomacy

11.23.20 - Google is laying the groundwork for a sweeping fiber-optic network that for the first time will connect through historical enemies Saudi Arabia and Israel while opening a new corridor for global internet traffic.The project linking India to Europe is Google’s latest globe-crossing internet construction effort. Google is currently vying with Facebook to build more network capacity to support its surging user demand for videos, search results, and other products. The expanded connectivity between Europe and India would also help Google roll out data centers globally and catch up to rivals Microsoft and Amazon in the business of on-demand cloud computing.

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Facebook Is Moving In On Cloud Gaming

10.26.20 - The tech big four are gearing up for war in yet another stage. Facebook first started moving into cloud gaming after it’s 2019 acquisition of Madrid based PlayGiga a company that specializes in the space. Facebook is now launching a new library to its gaming platform to include more complex multiplayer titles. It’s model differs than Microsoft and Google’s comparable services because it doesn’t require a paid subscription. Facebook’s model is to keep more people on Facebook for as long as it can

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Huawei's Slowed Growth

10.26.20 - Huawei’s revenue growth slowed sharply in the third quarter while its margin dipped as U.S. sanctions disrupt its business. Revenue for the September quarter came in at 217.3 billion yuan ($31.91 billion), up just 3.7% from the 209.5 billion yuan recorded in the same period last year

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Astronauts Complaining About Wi-Fi Service On The Moon

10.19.20 - If you often find yourself unable to get a cell phone signal when you walk around your neighborhood, this will be really ironic: NASA is going to put a 4G network on the moon

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Google Announces The Feature We've All Been Waiting For

10.19.20 - If you’re like me and you've had a song stuck in your head but can't remember enough lyrics to search for it, you’ve probably wondered why you can’t hum to search for a song. Well, recently Google unveiled a new search feature Thursday that lets users search for songs by humming a few bars, in an attempt to help you identify the music

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The Last Mile In Digital First Delivery

10.05.20 - After Travis Kalanick’s Departure from Uber, he put his focus into a next act, virtual kitchens. We previously discussed Kalanick’s company CloudKitchens but let’s recap: Virtual Kitchens are essentially delivery-only restaurants - no more waitstaff, no extra square footage for dining, and no bar. In a COVID-19 world, you can imagine that this is exactly the type of model that would thrive, and it is. The growth of online delivery & the delivery app market has paved the way for the space to grow. Kalanick believes that CloudKitchens will be “bigger than Uber”

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Walmart is Building A Drone Fleet

10.05.20 - Many Americans have had packages dropped off at their home from Walmart, but deliveries could soon become very different from the typical mode.Over the past month, Walmart has announced a trio of deals with drone operators to test different uses for the drones. They have partnered with Flytrex to deliver groceries and household essentials in Fayetteville, North Carolina, and it plans to launch another project with Zipline, a company best known for its medical drone deliveries in African countries. The project is said to be for on-demand, at-home deliveries of health and wellness products. The company has also been testing deliveries of Covid-19 test kits with Quest Diagnostics and DroneUp in suburbs of Las Vegas and Cheektowaga, a suburb of Buffalo, New York

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Bear Robotics is Coming to a Restaurant Near You

09.28.20 - A company that has flown under the radar in the robotics space is Bear Robotics, the Bay Area based startup builds robotic servers dubbed the name Servi. Amid the COVID-19 pandemic there have been labor constraints around the world. SoftBank lead the company’s $35M Series A and plans to bring the companies robots to Japan to help fill labor gaps. The robot is able to replace or augment waitstaff

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Judge Steps In For TikTok

09.28.20 - On Saturday a federal judge granted the video app TikTok a temporary injunction against an attempt to ban the app in the United States by the White House. The injunction delays the ban of downloads of the app just hours before it was to go into effect

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Federal Judge Interceeds in WeChat Ban

09.21.20 - WeChat is currently back in business in the U.S. - for now - as a federal judge temporarily blocked an executive order banning downloads of the Chinese based app in the United States. Judge Laurel Beeler, who issued the preliminary injunction, wrote that many U.S. located users had demonstrated serious concerns’ and questions over the orders threat to the user’s First Amendment rights

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Game On

09.21.20 - Recently Microsoft launched its new cloud gaming service, xCloud, as the competition within the gaming industry with Sony begins to heat up. The service is priced at $1 for a new users’ first month as an effort to attract a broad number of users who game casually. Subscribers to Xbox Game Pass Ultimate, priced at $14.99 monthly, will be able to play just under 200 games via the cloud on Xbox consoles, as well as on Android devices and PCs – making it possible for subscribers to play without a console

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Forget What You've Read About TikTok

09.21.20 - There has been a lot of talk and rumblings lately on the TikTok fiasco but here, as I see it, is an honest assessment of the situation: No one knows how this is really going to play out. It was reported recently that in an odd meeting between Oracle and Walmart there were talks of a spin-off of TikTok. In the scenario, the app would essentially be managed by Walmart, with Oracle to be used as it cloud-services provider. A new entity would be created called TikTok Global to go public on American exchanges at a valuation of around $60 billion. Nevertheless, nothing is set in stone

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Trade War Puts Chinese Tech Companies Into Red

09.07.20 - Shares in Chinese chipmaker SMIC fell nearly 23% on the Hong Kong Stock Exchange this week due to fears that SMIC could become the next casualty of an ongoing war between the United States and China over technology and trade

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Apple Isn't Here to Make Friends

08.31.20 - User privacy has been a tenant of Apple and with its latest iOS update the company has been showing its commitment to that promise - A move that will bite into revenues of advertisers, specifically Facebook. The new iOS update limits some of the tracking tech that some Apps use to make money through advertising to target users and serve them ads

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A Win for Uber & Lyft (For Now)

08.24.20 - In an earlier issue of the Brookfield Brief, we discussed the lack of California love Uber and Lyft were feeling as it looked as if they would have to suspend operations in California after an order was passed that would have forced them to reclassify their drivers in the state as employees. The two companies have now narrowly avoided shutting down their ride-hailing services in the state after an appellate court granted the companies a temporary reprieve by delaying the order (for now)

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No California Love for Uber and Lyft

08.17.20 - Uber and Lyft, the ride-hailing giants, are being confronted with a heated legal battle in the state of California over a recent law dictating how the on-demand economy classifies its workers

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Qualcomm Lobbying Government to sell Huawei 5G Tech

08.10.20 - Qualcomm is trying to make the case to the White House that restricting the sale of advanced components to Chinese telecom giant Huawei won’t stop the company from being able to obtain the necessary components for 5G phones. Qualcomm is actively trying to convince policymakers that it will only hurt US firms and potentially bolsters foreign competitors through the ban. Huawei is at the top of the United States export blacklist

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The Sprint Deal, An Iconic American Brand Is Dead

08.03.20 - Sprint was once an iconic American brand and corporation, but the brand will no longer be in existence. T-Mobile, which closed its $30 billion merger with Sprint in April, retired the Sprint brand earlier today

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Facebook is About to Square Dance on TikTok's Grave

08.03.20 - Facebook’s TikTok competitor, Instagram Reels, is set to launch this week. After posting a strong earnings report this week following a historic congressional hearing with the four CEOs of big tech, Facebook isn’t slowing down one bit. Facebook is up to something big. There has been confirmation of a large creators’ fund, specifically designed to lure major influencers over to the new platform to quickly absorb TikTok’s social market share. Facebook has more than six times the market cap of TikTok’s parent company ByteDance and can afford to outspend the doors off of the company to lure creators to the new platform. Regardless of their purchasing power, the Federal Government is going to do most of Facebook’s dirty work for them as tensions continue to increase between the United States and China

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The Twitter Hack

07.20.20 - In what be considered one of the worst hacks of the past 10 years, Twitter saw the accounts of Elon Musk, Barack Obama, Joe Biden, Jeff Bezos, Bill Gates, Apple, Uber, and more fall into the hands of attackers who used that access to push a massive Bitcoin scam? Information on the culprits is currently sparse. However, the moniker of the suspected hacker according to the NYT is “Kirk

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Google Bets Big On India

07.13.20 - Google is planning to invest $10 billion in India as part of plans to make the internet "affordable and useful" for a billion people. CEO Sundar Pichai announced the investment via livestream on Monday at the annual Google for India event. "This is a reflection of our confidence in the future of India and its digital economy," he said in a statement.

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Facebook Suspends User Data Requests In Hong Kong

07.06.20 - Facebook and its WhatsApp subsidiary have announced that they will stop reviewing requests for user data from Hong Kong authorities. The decision comes amid China’s passing of a national-security law for Hong Kong that broadened the powers of mainland Chinese law-enforcement authorities in the city-state. Facebook said in a statement that it was pausing reviews of data requests pending further assessment, which includes consulting with human-rights experts, according to the newspaper

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Trouble At Facebook

06.29.20 - Throughout its existence as a major tech player, Facebook has largely been one of the major digital advertising platforms for organizations of all sizes to reach a vast audience. The company over the years has been entangled in controversies and has been caught up in the middle of a political debate since 2016. Despite a number of hashtags emerging that called on users to delete Facebook, the company seemed unstoppable and the advertising machine was still churning out money

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India Bans 59 Chinese Apps, Including TikTok and WeChat

06.29.20 - Following a bloody border clash between India and China that has left 20 Indian soldiers dead, the Indian government announced that it is banning 59 Chinese Software Applications

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Apple Set to Kick-Off it's Annual Worldwide Developers Conference

06.22.20 - Apple is offering a teaser glimpse for their new software - and many are speculating maybe even some hardware — for its biggest products during its annual Worldwide Developers Conference

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The Reports of Palantir's IPO Were Greatly Exaggerated

06.22.20 - Last week we discussed companies that were highly anticipated to go public with substantiated sources on the matter, Peter Theil’s Palantir Technologies among them. However, Palantir has just raised $500 million from Japanese Insurance firm Sompo. This goes without saying, but this reduces the likelihood of an IPO this year

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