Tech

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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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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