OAKLAND, Calif.—Alphabet Inc’s Google has struck at least 24 deals with big app developers to stop them from competing with its Play Store, including an agreement to pay Activision Blizzard Inc. about $360 million over three years, according to a court filing on Thursday. Google also agreed in 2020 to pay Tencent Holdings Ltd’s Riot…
Google Struck $360-Million Activision Deal to Block Rival App Store, Lawsuit Says
Tesla Recalls 30,000 Model X Cars, Shares Hit 2-Year Low
WASHINGTON—Tesla Inc. recalled nearly 30,000 Model X cars in the United States over an issue that may cause the front passenger air bag to deploy incorrectly, sending its shares down nearly 3 percent on Friday to their lowest in nearly two years. The air bag could deploy incorrectly in certain low-speed collision events where a…
Crypto Executive Compares Sam Bankman-Fried to Ponzi Conman Bernie Madoff
November 18, 2022
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Bernie MadoffbinanceBusiness & MarketsCompaniesCrypto Exchange FTXCrypto MarketsCrypto ScamscryptocurrencyeconomyMarketsPonzi SchemesSam Bankman-FriedTechTech NewsUS
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Crypto exchange Binance’s chief strategy officer Patrick Hillmann has compared Sam Bankman-Fried, CEO of the bankrupt crypto exchange FTX, to the infamous Ponzi scheme mastermind Bernie Madoff. In an interview with CNBC, Hillmann said that venture capitalists were attracted to Bankman-Fried’s persona and appearance of credibility. Bankman-Fried is either like Elizabeth Holmes, founder of the…
Big Tech Sends Troubling Signals, With More Layoffs to Come
For the technology sector, 2022 has been the year of layoffs. From Amazon to Zillow, many of the tech titans have been trimming the fat and reducing their workforce numbers in response to growing recession fears, bad investment decisions, and lower revenues. Will 2023 be more of the same? Amazon Amazon, the nation’s second-largest private…
Amazon CEO Says Job Cuts Will Run Through Next Year
After confirming that it has begun terminating employees, Amazon has now revealed that the layoffs will continue into 2023 as well. On Nov. 16, Dave Limp, Amazon senior vice president of devices and services, announced the job cuts, saying that the company had decided to “consolidate some teams and programs” due to which “some roles will…
Twitter Temporarily Closes Offices, Suspends Badge Access Amid Layoffs: Report
November 18, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesElon MuskFeatured TopicslayoffsMedia & Big TechSocial MediaTechTech NewsTwitterUSUS News
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Twitter Inc. on Thursday announced it was temporarily closing its offices, effectively immediately, and suspending all employee badge access. In a message sent to employees and published by the BBC, Twitter said its offices would reopen on Nov. 21, without providing a reason behind the temporary shutdown. “Hi, effective immediately, we are temporarily closing our…
FBI Director Cannot ‘Be Sure’ Whether Facebook Is Sending User Information to Agents
November 18, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsChristopher WrayCompaniesFacebookFBIFeatured TopicsMedia & Big TechRand PaulTechTech NewsUSUS Newsuser information
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FBI Director Christopher Wray said Thursday he cannot “be sure” whether Facebook is sending the agency user information without being compelled to do so, an act that would violate the law. Wray’s remark in response to a question from Sen. Rand Paul (R-Ky.) comes after Republicans on the House Judiciary Committee released a report (pdf) in…
Autocracies Helping Western Societies ‘Tear Themselves Apart’: Retired US General
November 17, 2022
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AustraliaChinaChina-Australia RelationscyberattackdisinformationInfiltrating the WestInternational RelationsJohn DavisNational SecuritySpecial TopicsTechTech NewsUSUS ArmyUS NewsUS-China relationsWorld
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Ongoing racial tensions and economic instability will leave Western democracies too weak to defend themselves against mass disinformation and cyber attacks from autocratic regimes, warns retired U.S. Army Major General John Davis. The former major general named China, Russia, Iran, and North Korea as some of the key aggressors waging information and cyber warfare on…
TikTok, Social Media Outlets Voted Least Ethical in Australia: Report
November 17, 2022
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In a strong sign of low confidence in Big Tech, Australians have voted TikTok the least ethical organisation of the year followed by Facebook, Twitter, and Instagram. According to the Ethics Index 2022 (pdf) published by the Governance Institute of Australia, the nation’s overall ethics score fell for the second year in a row from…
Elon Musk Says He Will Run Twitter ‘Until It Is In a Strong Place’
Billionaire Elon Musk, who recently acquired Twitter, has indicated that he is open to the company being led by another person. While testifying at a Delaware court defending his $56 billion pay package at Tesla Inc. on Wednesday, Musk revealed that he intends to cut down his time at Twitter and eventually find someone else…
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