Amazon.com Inc. said on Thursday it would hire 150,000 employees in full-time, seasonal, and part-time roles across its operations in the United States ahead of the upcoming holiday season. The world’s largest online retailer, which hired the same number of workers last year September, said the new roles are for packing, picking, sorting, and shipping…
Biden Admin’s Reported TikTok Security Agreement Is a ‘Bad Deal’: Rubio
October 6, 2022
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Business & MarketsChinaCompaniesJosh HawleyMarco RubioMedia & Big TechSpecial TopicsTikTokUS-China relations
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Sen. Marco Rubio (R-Fla.) criticized a reported preliminary deal between the Biden administration and TikTok that avoids major changes to the popular video-sharing app’s Chinese ownership. “Any ‘agreement’ with TikTok absent full divestment from ByteDance and the Chinese Communist Party is a bad deal–both for U.S. national security and for the millions of Americans whose…
US’s Reported TikTok Security Agreement Is a ‘Bad Deal’: Rubio
October 6, 2022
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Asia & PacificBusiness & MarketsBytedanceChinaChina Business & EconomyCompaniesMarco RubioMedia & Big TechNational SecuritySocial MediaSpecial TopicsTechTech NewsTikTokUSUS NewsUS-China relationsWorld
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Sen. Marco Rubio (R-Fla.) criticized a reported preliminary agreement between the Biden administration and TikTok that would avoid major changes to the popular video-sharing app’s Chinese ownership. “Any ‘agreement’ with TikTok absent full divestment from ByteDance and the Chinese Communist Party is a bad deal—both for U.S. national security and for the millions of Americans…
Elon Musk Texts Suggest Twitter Mass Layoffs Coming If Buyout Goes Through
Text messages between Tesla CEO Elon Musk and a number of his contacts that were made public this week suggest the businessman is considering mass employee layoffs at Twitter if his deal to purchase the social media platform goes through. The text messages were released in a court filing (pdf) as part of Musk’s ongoing legal battle with…
Nigeria Regulator Seeks $70 Million Penalty in Lawsuit Against Meta
ABUJA, Nigeria—A Nigerian advertising regulator has sued Meta, accusing the owner of Facebook and WhatsApp of publishing unauthorized ads and seeking a 30 billion naira ($70 million) fine. The lawsuit filed in a local court by the Advertising Regulatory Council of Nigeria, or ARCON, is the regulator’s latest action that analysts say could hurt businesses…
Russia Fines TikTok for ‘LGBT Propaganda,’ Twitch Over Ukraine Content
MOSCOW—Russia on Tuesday fined TikTok for failing to delete content that violates Russian laws on ‘LGBT propaganda’ and streaming service Twitch for hosting a video interview with a Ukrainian political figure that Moscow said contained ‘fake’ information. Neither company immediately responded to a Reuters request for comment. Interfax reported that a TikTok representative in the…
Musk Said That Buying Twitter Is an ‘Accelerant to Creating an Everything App’
Tesla CEO Elon Musk said that “buying Twitter is an accelerant to creating X, the everything app,” following his agreement to buy the social media giant. Musk made that statement in a tweet after he proposed to proceed with his original offer of $44 billion to acquire the Twitter and take it private. After months of battling…
Tesla Will Remove More Vehicle Sensors Amid Autopilot Scrutiny
SAN FRANCISCO—Tesla Inc. said on Tuesday it will remove ultrasonic sensors from its vehicles starting this month, as it moves ahead with using only cameras in its safety and driver-assistant features. Tesla vehicles now have 12 ultrasonic sensors on the front and rear bumpers, and short-range sound sensors are mainly used in parking applications and…
Election Software CEO Arrested Over Data Theft, Storing Data on Servers in China
October 5, 2022
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Business & MarketsChinaChina Business & EconomyCompaniesdata theftelectionElection IntegrityFeatured TopicsKonnechLocal NewsMedia & Big TechRegional-Local NewssoftwareSouthern CaliforniatechnologyUSUS NewsUS-China relations
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The head of Konnech Corporation, a Michigan-based software company, was arrested Tuesday for allegedly stealing and storing personal data of Los Angeles County election workers on servers in China. Konnech’s CEO Eugene Yu, 51, was arrested on charges of stealing “the personal identifying information” of LA County election workers, according to the LA County District…
South Korea’s Naver Acquires US E-Commerce Platform Poshmark for $1.2 Billion
October 5, 2022
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Asia & PacificBusiness & MarketsCompanieseconomyInvestmentMarketsMedia & Big TechNaverPoshmarkUSUS NewsWorld
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South Korea’s internet giant Naver said Monday that it will acquire Poshmark, a U.S.-based social commerce platform, for $1.2 billion, including all of its issued and outstanding shares. Naver said that it would acquire each share of Poshmark for $17.90 in cash, a 15 percent premium over Poshmark’s Monday closing price. The enterprise value for…
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