Thursday, 02 May, 2024

Tech

Elon Musk found not guilty of fraud over Tesla tweet

Tesla founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had "funding secured" to take the electric carmaker private. Mr Musk faced a class-action lawsuit filed on behalf of Tesla shareholders who argued he misled them with his posts in August

Apple, Google profits squeezed on China, sluggish economies

Tech giants Apple and Google have reported lower-than-expected revenue and profits for the last three months of 2022, as online retail behemoth Amazon warned of uncertainty in the months ahead. Apple, the world’s biggest company in terms of market value, blamed falling sales of

Apple and Google app stores get thumbs down from White House

The Biden administration is taking aim at Apple and Google for operating mobile app stores that it says stifle competition. The finding is contained in a Commerce Department report being released by the administration on Wednesday as President Joe Biden convenes his competition council

PayPal cuts 2,000 jobs in latest tech layoffs 

PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. The online payments company says it was forced to make the decision as it faces "the challenging macro-economic environment." PayPal's announcement follows

Newly discovered green comet comes close to Earth

A newly discovered comet will make its closest approach to our planet on Wednesday. Astronomers say the object's journey toward us took around 50,000 years. Photographs captured by astronomers show a distinct green hue around the body of the comet. But those expecting a

Twitter makes first interest payment on Musk buyout debt: Report

Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. Twitter paid a group of seven banks,

Twitter says users will be able to appeal account suspension

Twitter users will be able to appeal account suspensions and be evaluated under the social media platform’s new criteria for reinstatement, starting Feb 1, the company said on Friday. Under the new criteria, which follow billionaire Elon Musk’s purchase of the company in

Meta and Instagram lifts Trump's suspension

Former President Donald Trump’s Facebook and Instagram accounts are being reinstated, the social media giant Meta announced Wednesday — a little more than two years after he was suspended from the platforms over incendiary posts about the Jan. 6 riot at the Capitol.

Bill Gates backs Australian start-up targeting cow burps

Billionaire Bill Gates has invested in an Australian climate technology start-up that plans to reduce the methane emissions of cow burps. The Microsoft co-founder has been outspoken about the environmental impact of meat production. Methane is the most common greenhouse gas after

Spotify to announce layoffs as soon as this week: Bloomberg

Spotify Technology, the Swedish audio streaming giant, is preparing to announce layoffs as soon as this week, Bloomberg News has reported, adding to an industry-wide bloodbath that has cost thousands of jobs at Apple, Google, Microsoft and Amazon. The number of job cuts under

higher priced Twitter subscription won't carry ads: Elon Musk

Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are "too frequent on Twitter and too big," and that steps will be taken to address those issues in

Google vows to cooperate with India watchdog after Android ruling

Google has promised to cooperate with India’s competition authority after the country’s top court upheld an antitrust order forcing the United States firm to change how it markets its popular Android platform. The Competition Commission of India (CCI) ruled in October that

Microsoft to axe 10,000 jobs as tech gloom deepens

Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The job cuts will affect slightly less than five percent of employees and follow in the wake of similar moves by Facebook-owner Meta, Amazon

Microsoft to cut staff again: reports

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as

Fraud trial begins over Elon Musk's 2018 Tesla tweet

A trial has begun over whether Elon Musk committed fraud with a 2018 tweet saying he was poised to take Tesla private. The selection of jurors who will judge the evidence started in a San Francisco federal courtroom, where Tesla chief Mr Musk was expected to be among those called to

Bijoy key board mandatory on smartphones: BTRC

The Bangladesh Telecommunication Regulatory Commission (BTRC) has recently made it mandatory to pre-install Bijoy key board (APK file) on locally manufactured and imported smartphones. BTRC sent a directive in this regard to all mobile manufacturers and the president of the Bangladesh

New species of lizard discovered in Peru national park

Scientists have discovered a new species of lizard in a protected natural area in Cusco, southeastern Peru, national park officials said Monday. "Otishi National Park reveals a new species of lizard to science," the National Service of State-Protected Natural Areas said in a

FTX: Collapsed crypto giant recovers $5bn of assets

Collapsed cryptocurrency exchange FTX has located more than $5bn (£4.1bn) of assets, an attorney for the firm says. However, a US bankruptcy court was told on Wednesday that the extent of losses to customers is still not known. Prosecutors have accused FTX's former chief

Meta bans targeted ads at teenagers based on gender

Tightening the advertising policy for young users, especially teens, Meta on Tuesday announced it was removing gender as an option for advertisers to target the said demography.  In a blog post, Meta informed that beginning next month, the advertisers will only get their hands

Twitter hacked, email addresses of over 200 million users exposed: Report

The microblogging giant Twitter experiences another data breach with email addresses of over 200 million users leaked and posted on an online hacking forum, a security researcher claimed on Wednesday.  Alon Gal, co-founder of Israeli cybersecurity-monitoring firm Hudson Rock on