Tesla CEO Elon Musk responded to Twitter’s lawsuit against him after the billionaire said he was terminating his $44 billion deal to purchase the company. Just an hour after Twitter filed its suit in a Delaware court that specializes in corporate disputes, Musk responded—on Twitter. “Oh the irony lol,” he wrote on Twitter. He did…
UK Competition Watchdog Launches Investigation Into TV Sport Broadcasters
July 13, 2022
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Britain’s Competition and Markets Authority (CMA) has launched an investigation into several sports broadcasters and said it had “reasonable grounds” to believe BT, ITV, Sky, and IMG Media might have broken the rules on competition. IMG Media owns Premier League Productions, which produces syndicated coverage of England’s elite football clubs to viewers worldwide. In a statement on…
Computer Chips Face Toilet Paper Hoarding Moment as Shortage Turns to Glut
July 13, 2022
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OAKLAND, Calif.—A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China’s latest COVID lockdown, and the war in Ukraine dampened consumer spending, especially on…
Musk’s Tesla Stock Sale Windfall Dwarfs Twitter Loss
Elon Musk’s attempt to scrap his purchase of Twitter Inc. may leave the world’s wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank. After Musk on Friday tore up his April 25 agreement to…
TikTok Concedes Australian User Data Accessible in China
July 13, 2022
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AlbaneseAustraliaBig Tech, Censorship, and SocialismBusiness & MarketsChinaCompaniesFeatured TopicsInternationalInternational RelationsJames PatersonMedia & Big TechNational SecuritySocial MediaTechTech NewstechnologyTikTokUSWorld
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TikTok has confirmed that employees in mainland China can access the data of millions of Australian users of the video-sharing app. The company provided details after James Paterson, the shadow minister for cybersecurity and countering foreign interference, wrote to TikTok’s Australian general manager on July 3, asking for clarification on local user data. Paterson, also the…
TikTok Admits Australian User Data Accessible in China
July 13, 2022
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AlbaneseAustraliaBig Tech, Censorship, and SocialismBusiness & MarketsChinaCompaniesFeatured TopicsInternationalInternational RelationsJames PatersonMedia & Big TechNational SecuritySocial MediaTechTech NewstechnologyTikTokUSWorld
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TikTok has confirmed that employees in mainland China can access the data of millions of Australian users. The admission came after James Paterson, the shadow minister for cybersecurity and countering foreign interference, wrote to TikTok’s Australian general manager on July 3, asking for clarification on local user data. Paterson, also the chair of the Joint Parliamentary…
Elon Musk Sued by Twitter
Twitter Inc. filed a lawsuit against Elon Musk after the tech billionaire opted to pull out of the $44 billion deal to purchase the social media firm. The San Francisco-based company, which last week threatened to sue Musk over the deal, filed the lawsuit in the Delaware Chancery Court. The court specializes in corporate disputes. “Rather…
Twitter Sues Musk Over Pullout From $44 Billion Deal
Twitter Inc. filed a lawsuit against Elon Musk after the tech billionaire opted to pull out of the $44 billion deal to purchase the social media firm. The San Francisco-based company, which last week threatened to sue Musk over the deal, filed the lawsuit in the Delaware Chancery Court. The court specializes in corporate disputes. “Rather…
Amazon Launches Clinical Trials for Development of Personalized Vaccine for Breast and Skin Cancer
July 12, 2022
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Amazon has been developing personalized vaccines for breast and skin cancers in conjunction with the Fred Hutchinson Cancer Center and has been recruiting patients to participate in an FDA-approved clinical trial for the shots, according to a public filing. A summary of the project was first posted on Clinicaltrials.gov, an online database of clinical studies run by the U.S. National…
Twitter Accuses Elon Musk of ‘Knowingly’ Breaching $44 Billion Deal
Twitter has accused Elon Musk of “knowingly” breaching their contract for his purchase of the social media platform after he filed to pull out of the $44 billion deal. This comes days after the Tesla CEO on July 8 filed to exit the deal with Twitter over concerns about its spam bots, claiming Twitter breached their…
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