Tech

GM to Install EV Charging Stations Throughout the Rural US & Canada

General Motors revealed Wednesday almost 1,000 GM dealers have enrolled in its Dealer Community Charging Program so far. GM says it intends to nearly double the availability of Level 2 (L2) EV charging in the US and Canada, with plans to add up to 40,000 chargers in underserved communities where infrastructure is currently limited.

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TSMC Arizona Factory Faces Setbacks

TSMC is facing more problems than expected as the company continues its push to construct a $12 billion semiconductor factory within Arizona.

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Google Class Action Grows

Google now faces more than 21 million customers, instead of just a handful, in a lawsuit alleging its app store collects exorbitant fees.

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Dominos Bets On Electric Delivery Fleet

Domino’s Pizza is investing heavily into electric vehicles with the announcement that the company will be procuring 800 Dominos branded Chevrolet Bolts for 37 of its own stores and hundreds of others run by its U.S. franchises.

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Google Settles Over Illegal Tracking Allegations

Google has agreed to pay $391.5 million in a settlement over illegally tracking the location of its users.

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Chinese Chip Manufacturing is Changing

On October 7, Washington introduced restrictions preventing Chinese semiconductor manufacturers from obtaining United States-made equipment needed for the task. Since then these Chinese companies have been looking to domestic suppliers for the needed equipment.

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Meta Planning 10% Reduction In Force

After rapid growth throughout the height of the covid era, Meta Platforms is moving forward with significant cost cuts that are likely to result in thousands of layoffs.

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Foxconn Investing in EV Start-Up Lordstown Motors

Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp's once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors plant in Ohio.

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China COVID-19 Lockdowns Smash iPhone Production

Apple announced recently that shipments of the new iPhone 14 and iPhone 14 Pro will be delayed due to covid lockdowns across China. Foxconn, Apple’s leading manufacturer of iPhones, has reported significant unrest throughout its 200,000-person complex in central China.

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Harley Davidson Struggles In EV Transition

Harley Davidson’s subsidiary LiveWire is off to a rough start as the electric motorcycle manufacturer is struggling to raise investor and consumer sentiment during the current economic climate.

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Mobileye Valuation Slashed

Intel is eyeing a significantly lower valuation than previously expected in the initial public offering of its Mobileye Global self-driving car unit, according to people familiar with the matter, in the latest sign of the beleaguered state of the new-issue market.

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Rivian Recall

Rivian Automotive is recalling nearly all of its vehicles due to a discovered problem with improperly installed fasteners that could cause drivers to lose control of their vehicles.

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Amazon Abandonment

Recent events have shown that even the largest tech companies are not immune to slowing economic growth. Amazon Inc. has stated that they are abandoning their Scout project which was an attempt for the e-commerce giant to use small autonomous robots to deliver packages to customers’ homes.

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Ex-Uber Security Chief Found Guilty of Obstructing FTC Data Breach Probe

Rideshare giant Uber Technologies' former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company’s troubled past under its original leadership. Joe Sullivan was found guilty in San Francisco federal court Wednesday by a jury that rejected his claim that other executives at the ride-hailing giant were aware of the 2016 hack and were responsible for it not being disclosed to regulators for more than a year

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PayPal In Freefall After Threatening to Fine Users Thousands For Misinformation

PayPal over the weekend set the internet ablaze this weekend after it announced its intent to fine its users $2,500 for the proliferation of misinformation. PayPal Users across Twitter, Instagram, and Reddit began calling for a boycott of PayPal by canceling their personal and business payment processing accounts with the firm, r/wallstreetbets, a popular trading forum on Reddit for retail traders began trending posts to short the company’s stock as a result.

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Apple Moving Manufacturing to India

Apple’s recent release of the iPhone 14 will be met with a shift of production into India. The company has for a long time utilized China for manufacturing needs, however, recent geopolitical tension between the United States and China coupled with strict Covid-19 policy has led the company to make the decision to begin the bulk of its manufacturing within India.

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AmEx Hiring 1,500 Tech Workers

American Express is on the hunt for software engineers, coders and developers, part of a 1,500-person hiring spree for its sprawling technology arm.

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Google Loses Appeal in Record Antitrust Fine

Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure

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Automating The Farm

Deere & Company, manufacturers of the well-known John Deere tractors, has been dominating the farming industry for decades as the company is the leading producer of heavy machinery used for harvesting, planting, weeding, and more. The company has recently stated that its ambitions to stay at the top will require the company to invest more heavily into technology allowing for the potential of automated farming equipment, and this is exactly what the company intends to do.

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Instagram Fined $403 Million

Instagram is in a legal battle with Ireland’s data regulators as they have fined the company $403 million claiming that they failed to protect data for accounts made by minors.

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Waymo Diverless Taxis Are Now In Business

Waymo, the autonomous vehicle developer under Alphabet, is opening up its driverless robotaxi service in downtown Phoenix to vetted local residents.

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Honda Bets Big on EVs

Honda Motor Co. has been slow to enter the electric vehicle market in comparison to some of the company's competitors but is now looking to team up with LG Energy Solutions Ltd. to create a $4.4 billion EV battery manufacturing plant within the United States.

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Former Security Chief at Twitter Blows Whistle

A former security chief for Twitter has turned whistleblower and testified that the company misled users and US regulators about gaps in its security. Peiter Zatko, the former security chief in question, also claimed that Twitter underestimated how many fake and spam accounts are on its platform, and the accusations could affect a legal battle between Twitter and billionaire Elon Musk, who is trying to cancel his $44 billion deal to buy the company.

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Apple Wants Higher Ad Revenue

It wasn’t long ago that Apple released its App Tracking Transparency privacy feature aimed at reducing targeted ads to users, now the company seems to be regretting that move as Apple is now seeking to increase the number of ads on first-party apps.

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Facebook’s Parent Company Reports Historic Quarterly Revenue Drop

Meta Platforms, the parent company of Facebook, is expected to report the tech giant's largest drop in daily users and its first decline in revenue ever. The slump comes as the company is redesigning Instagram and Facebook to imitate rival platform TikTok, algorithmically recommending short-form video content to users. The Silicon Valley-based firm is also currently rebuilding its advertisement system after Apple’s privacy changes stifled its access to user data.

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Intel Has Revenue Miss

Intel reported a 22% decline in revenue this quarter than the year prior resulting in a net loss of $454 million and missing consensus by 14%. A tough quarter followed by low expectations of things getting better caused Intel’s stock price to close with a loss of 8% on Friday.

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Apple is on Buybacks

Apple tapped the US high-grade bond market Monday with a $5.5 billion sale in four parts.

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Tesla Seeks Public Funding for EV Charging Network

Tesla is attempting to expand the company’s fast charging station network by obtaining public funding from the U.S. government as the world seeks to make EVs more viable.

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Fortune 500 Hiring Freeze and Job Cuts

Microsoft cut some jobs on Monday as it realigned business groups and roles after the close of its fiscal year. It said it plans to keep hiring for other roles and finish the current fiscal year with an increased headcount.

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Starlink Restores Internet Connectivity to Ukraine

In response to this problem, Elon Musk and his company SpaceX have given Ukrainians several kits in which they would be able to set up connections to a plethora of satellites restoring Ukrainian communication. Ukrainian officers and officials have stated that it is thanks to Starlink that their forces are connected again.

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Musk Might Not Actually Be Done With Twitter

Musk’s initial offer for the company valued each share at $54.20 in April when Twitter stock fluctuated within the high $40s. Since then the company's share prices have fallen significantly, now being valued at $33.59. The sharp drop in valuation means that if Musk does go through with the deal he would be grossly overpaying by roughly $18 billion.

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EU Expanding Domestic Semiconductor Industry

Two of the largest chip manufacturers in the world GlobalFounderies Inc. and STMicroelectronics are teaming up to build a new semiconductor manufacturing facility within France largely due to government subsidies offered by the country.

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Amazon Prime Day

Prime Day is an event inspired by Alibaba’s Singles Day event throughout China where the company will offer an extensive list of deals on July 12 and 13. The event, which is Amazon’s largest sales day of the year, is projected to generate $12.5 billion in sales which would be a 17% increase from the previous year. However, There are several skeptics including Guru Hariharan, a former Amazon executive, who believe that Prime Day will reflect the staggering economy and be much less profitable than expected.

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Google Commits to Selective Privacy

The concern over data privacy sparked up following the Supreme Court’s decision to overturn Roe v. Wade. Google has announced that in order to protect those seeking reproductive healthcare the company will delete location data shortly after a user visits locations such as a Planned Parenthood facility.

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Pressure Easing on Chip Supply Chains

Throughout the pandemic, consumers began to purchase home computers and laptops in droves as working from home, gaming, and crypto mining all skyrocketed throughout the pandemic. Now semiconductors are much less prized as the crypto boom has long ended and many Americans are returning to their old lives.

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TikTok Struggles to Launch it's E-commerce Business

TikTok has been looking to expand the company’s e-commerce strategy throughout Europe and the United States but these plans were quickly disbanded after failing to meet expectations within the U.K.

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Volvo Eyes Hydrogen Fuel Cells

Volvo in particular has begun experimenting with the possibility of hydrogen-powered fuel cells within the trucking industry. The growing interest in hydrogen fuel cells is particularly apparent throughout the trucking industry as many believe hydrogen will give trucks a much higher range than that of their EV counterparts.

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Rising Energy Prices Continue to Strain Global Economy

We have all become aware of, or maybe even accustomed to, rising gas prices. Many have turned to electric vehicles as the solution with charging being much less expensive than their gas counterparts. But even EVs are not immune to growing geopolitical conflicts as prices for charging have gone up recently throughout the UK.

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Government Pushing Semiconductor Production

Current U.S. domestic production of semiconductors covers roughly 20% of current domestic demand. And with the supply chain shortages that have been around for the past year have shed light on the necessity of domestic production. On Monday, the U.S. government is currently attempting to pass legislation that would support and fund part of a project that would allow GlobalWafers Co. to build a $5 billion factory in Sherman, Texas. The legislation, if passed, will provide up to $52 billion in funding for domestic projects aimed at solving semiconductor supply chain shortages.

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Apple Has Union Problems

Apple employees within a retail store outside of Baltimore voted to unionize which marks the first union of Apple employees in history. The store employs more than 100 individuals who voted 65 to 33 in favor of unionization creating what is now called the Apple Coalition of Organized Retail Employees.

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Google Settles Class-Action Lawsuit for $118 Million

Google has agreed to pay $118 million in a class-action lawsuit alleging that Google underpays women which is a direct violation of California state law

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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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Didi Blocks Employees from Selling Shares

Didi Chuxing has barred current and former employees from selling shares in the company indefinitely, dealing a new blow to staff of the Chinese ride-hailing group that has come under intense regulatory scrutiny after listing in New York

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Meta's Fight with EU Intensifies

Meta Platforms has once again threatened to pull Facebook and Instagram from Europe if it is unable to keep transferring user data back to the U.S., amid negotiations between regulators to replace a scrapped privacy pact

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Musk's Twitter Takeover Causing Anxiety Among Tesla Backers

Elon Musk’s acquisition of Twitter, while welcome for some, has begun to cause serious concern for others as loyal backers of Tesla are becoming frustrated that Musk may be stretching himself too thin

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Microsoft Doubles Salary Budget

Microsoft plans to “nearly double” its budget for employee salaries and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation

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Uber Launching Uber Travel

With the Covid-19 pandemic being just about over throughout the United States, Uber looks to expand its offerings for the coming summer when events and travel are likely to skyrocket

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Microsoft Testing Augmented Reality Goggles for the Pentagon

Microsoft will begin testing their HaloLens augmented reality goggles for military purposes in a contract that could cost the company as much as $1.3 billion

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Nvidia Settles SEC Investigation

Nvidia has settled the SEC’s investigation into the company over withholding information from shareholders regarding increasing sales of gaming graphics cards which has now been largely attributed to the growth of crypto mining

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Samsung Reluctant to Meet Climate Standards

Samsung is under pressure as the electronics company has been reluctant to meet growing demands of achieving net-zero emissions as it falls behind competitors such as Apple

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Meta Opening First Physical Store

Facebook’s parent company Meta has announced plans to open its first physical retail store on the company’s campus in Burlingame, California.The store, which is set to open on May 9, will be used to offer demos and purchasing of their products that include the ranging from its Portal smart home hub, Quest 2 virtual reality set, and Ray-Ban smart glasses

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Rideshare and Logistics Under Pressure from High Fuel Prices

Increasing gas prices have begun to greatly affect transportation services such as FedEx, Uber, and Lyft which has left companies scrambling for solutions as to how to pay for increasing costs

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Etsy Sellers On Strike

Starting today, more than 14,000 Etsy sellers are going on strike as the platform increases its transaction fees from 5% to 6.5%

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Intel Pivots to AI

Intel while being the dominant manufacturer of central processing units, has fallen behind other chip manufacturers in the production of chips needed for AI technology

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EV Start-Ups Facing Significant Production Hurdles

The global shift towards the manufacturing of electric vehicles is one that could have been predicted by anyone. Tesla’s successes have given investors all the information they needed to begin piling cash into numerous EV start-ups, however, the road to mass production for many of these companies has been bumpier than anyone expected and now EV start-ups are struggling to meet projections as promised

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Congress Mulling Data Privacy Legislation

As numerous states have begun to implement privacy laws for consumers the federal government looks to reignite discussion of passing federal legislation

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Foxconn Building $9 Billion Plant in Saudi Arabia

Foxconn Technology Group, the leading manufacturer of Apple Inc’s iPhones, is in talks with Saudi Arabia about building a $9 billion multipurpose facility that will be designated for the development of microchips, electric vehicle components, and other electronics

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California Introduces New Age-Appropriate Privacy Bill

The California State Assembly recently announced plans to introduce a new data protection bill to protect the information of children online. The move mirrors the UK’s recent age-appropriate design code as part of a growing movement globally to impose strict regulations on Big Tech

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SuperBowl Traffic Crashes Coinbase

Coinbase the largest U.S. cryptocurrency exchange, said it was back up and running after having to throttle traffic earlier in the evening following the release of an ad during the Super Bowl

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Texas Sues Meta for Facial Recognition Practices

The Texas attorney general filed a suit against Meta Platforms this Monday stating that the facial recognition technology used on Facebook violates the state’s privacy protection laws regarding the collection of biometric data

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Potential Changes to Antitrust Rules Amid Big Tech Challenges

The question over what to do about big tech and its potential monopoly over the market has forced the Federal Trade Commission to rethink how it defines a monopoly and how antitrust regulation should be created in the future

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Intel Invests $20 Billion in Ohio Semiconductor Plant

The global chip shortage has pushed the U.S. government to further develop the domestic production of semiconductors and Intel is ready to answer the call.Intel has put forward its plans to invest $20 billion into the creation of a new manufacturing facility in Ohio. This is only a small portion of Intel’s pledge to invest up to $100 billion in the creation of a total of 8 factories across the United States over the next decade

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Ralph Lauren Looking to the Metaverse

Amid growing number of retailers are dipping their toes in the metaverse. Nike bought a virtual sneaker company, RTFKT, last month. Walmart recently filed trademarks that could pave the way to sell virtual goods from home decor to personal care products and to offer virtual currency and nonfungible tokens, or NFTs, to users. And luxury brands, including Ralph Lauren and Gucci, have launched virtual experiences

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Tech Still Faces Pressure Amid Chip Shortage

The global chip shortage continues to strain the supply chain around the world resulting in companies being unable to manufacture and meet the demands for new smartphones or even cars. While big tech companies like Intel and Samsung Electronics are often discussed for their manufacturing of highly advanced semiconductors, rarely are companies that are dedicated to simple analog chips ever given the spotlight

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Car24 Nearly Doubles Valuation Reaching $3.3 Billion

India’s Car24 Service Provider had an extensive fundraising round in which the company’s valuation nearly doubled since September leaving the total valuation at $3.3 Billion

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Snap is the Metaverse Dark Horse

The topic of the metaverse has captured the public’s attention since the announcement of Facebook’s renaming to Meta. However, although the company known as Facebook has been investing more heavily in the space since its acquisition of Oculus in 2014, also the beginning of a massive VR and AR investment frenzy, there is a dark horse in this race that everyone seems to be ignoring, Snapchat. Snap has quietly been advancing forward into the augmented reality space as early as 2013. Now it is developing its vision for a connected augmented reality that merges the human experience with both the physical digital world. 2016, was a critical year in the world of augment reality. It was the year Pokemon Go, the augmented reality mobile game was released and the year that Snap launched its first-generation AR spectacles

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Apple Nears $3 Trillion Market Capitalization

Apple is inching close to a $3 trillion market cap; an achievement would make the tech giant the world’s fifth-largest economy unto itself — right after Germany. All of this comes just a little over a year after reaching the $2 trillion mark and less than four years after it first surpassed $1 trillion. The company needs to rise just another 6% to hit the mark

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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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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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