Musk takes 9% stake in Twitter
Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc, likely making him the biggest shareholder in the micro-blogging site and triggering a 23% rise in its shares. Musk’s move comes close on the heels of his tweet that he was giving a serious thought to building a new social media platform. A […]
US warned firms about Russia’s Kaspersky software day
The U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm. The classified briefings are part of Washington’s broader strategy to prepare providers of critical infrastructure such as water, telecoms and energy for potential Russian intrusions. President […]
Roblox blocks Apple in antitrust case
Online gaming platform Roblox Corp said that Apple Inc’s App Store offers privacy and safety benefits to its users. They support the iPhone-maker’s bid to beat an appeal by Epic Games in a key U.S. antitrust case. Epic, known for its Fortnite game, largely lost a trial last year. This is over whether Apple’s fees and payment […]
Apple TV+ makes history
Apple TV+ made history by first streaming service to win a best picture Oscar for “CODA,” a heartwarming drama about the daughter of deaf parents who pursues her passion for music. The streaming service purchased “CODA” for a record $25 million following its debut in 2021 at the Sundance Film Festival. It has gathered momentum throughout […]
3D ads come to Facebook, Instagram
Meta Platforms Inc will make it easier for brands to run three-dimensional ads on Facebook and Instagram. This is through a new partnership with an ecommerce technology firm. The integration with VNTANA will allow brands to upload the 3D models of their products. This is to the social media platforms and easily convert them into ads, […]
Apple, WiLan sign patent licensing agreement settling disputes
WiLAN Inc said that it had signed a patent license agreement with Apple Inc and settled all pending litigations. This is weeks after the iPhone maker won a patent dispute over wireless technology with the company. Apple convinced a U.S. appeals court, in February to dismiss a jury’s $85 million award to Canadian patent-licensing company WiLAN. […]
Australia to make Big tech hand over misinformation data
Australia’s media regulator will be able to force internet companies to share data. This is about how they have handled misinformation and disinformation under new laws that will bolster government efforts to rein in Big Tech. The government said that the Australian Communications and Media Authority (ACMA) will also be able to enforce an internet […]
Brazil’s supreme court suspends Telegram
Brazilian Supreme Court Justice Alexandre de Moraes ordered the suspension of messaging app Telegram. They said that it had repeatedly refused to adhere to judicial orders to freeze accounts spreading disinformation. Telegram founder and CEO Pavel Durov apologized for the company’s negligence, and asked the court to delay its ruling for a few days as […]
SpaceX see significant inflation risks
Tesla Inc Chief Executive Officer Elon Musk said that the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. He asked via tweet about inflation rate outlook and said his companies are not alone. Russia’s invasion of Ukraine has been ramping up the prices of metals used […]
Rental car giants embark on electric
The $100 billion Western rental car industry, flush with cash from a profitable pandemic. It is gradually getting its electric show on the road. The Chinese-made vehicles are poised to play a starring role. The electric transition could see car fleets, which is long dominated by famed marques from the United States and Europe. Olivier […]