WASHINGTON—The powerful U.S. Chamber of Commerce filed a brief on Monday, urging a D.C. appeals court to reject an appeal by a big group of United States to revive their antitrust lawsuit against Meta Platform’s Facebook. The Chamber, along with the Computer and Communications Industry Association and Business Roundtable, argued that the district court judge…
Tesla Adds to Wave of Megacap Stock Splits
March 30, 2022
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AmazonBusiness & EconomyCompanieseconomic policieseconomyEuropeMarketsMedia & Big TechRussia-Ukraine WarRussia's invasionstockWorld
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Tesla’s announcement on Monday that it will seek shareholder approval to increase its share count in order to enable a stock split adds to a recent wave of megacap companies splitting their shares in a bid to attract more investors. Tesla said in a filing it would hold a vote at its upcoming annual shareholder…
Facebook Says ‘Bug’ Preventing Sharing of Shen Yun Ads
March 29, 2022
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AustraliaBusiness & EconomyCCPChinaChina Human RightsChinese RegimeCompaniesFacebookMedia & Big TechmetaShen YunSocial MediaTechWorld
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In the days and weeks leading up to Shen Yun Performing Arts’ Australian tour, which kicks off in the country’s capital, Canberra, on March 31, fans and ticket-holders have reported that Facebook has restricted their ability to share the company’s ad posts on the social media platform. “Just so you know, I have tried twice…
YouTube Unblocks Indian News Channel Banned for Reporting Russian Statement
March 29, 2022
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Business & EconomyCompaniesEuropeIndiaInternationalMedia & Big TechRussiaRussia-Ukraine crisisRussia-Ukraine WarWIONWorldYouTube
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YouTube unblocked Indian news channel WION—which had been banned for reporting Russia’s statement on the Ukraine war—on March 26 after the news channel’s campaign against YouTube’s censorship garnered over 26,000 tweets in support. “After a massive, viewer-led 12-hour campaign that saw over 26k (and counting) tweets in our support, YouTube unblocked WION,” the news outlet…
Tesla to Seek Shareholder Approval for Stock Split; Shares Surge
Tesla Inc. will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 percent. The plan came as the company suspended its Shanghai factory amid COVID-19-related lockdown measures and its artificial intelligence head…
Tencent Reports Smallest Quarterly Revenue Growth in 18 years
March 29, 2022
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Business & EconomyChinaChina Business & Economychina tech crackdownCompaniesMedia & Big TechPony MaTencent Group
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China’s Tencent Holdings has reported its smallest quarterly revenue growth in 18 years amid Beijing’s regulatory clampdown on big tech firms. The company recently released its Q4 and full-year financial reports for 2021. Its Q4 revenue increased 8 percent year-on-year, the slowest growth since the company went public in 2004. Its non-IFRS net profit in…
2022 Oscars See Second-Lowest Ratings in History Despite Will Smith Incident
March 28, 2022
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Academy AwardsBusiness & EconomyChris RockCompaniesEntertainmentEntertainment NewsMedia & Big TechWill Smith
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Sunday night’s 94th Academy Awards drew higher numbers of viewers than last year’s Oscars, but it still drew the second-lowest ratings in its history. The 2022 Oscars, which was aired on Disney-owned ABC, is estimated to have drawn 15.4 million viewers and had a rating of 2.9 among adults 18 to 49, according to Deadline…
Weibo Becomes China’s Sixth Company Flagged by SEC for Potential Delisting
March 28, 2022
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Business & EconomyChinaChina Business & EconomyCompaniesdelistingHFCAAMedia & Big TechPCAOBUSUS-China relationsWeibo
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Nasdaq-listed Weibo became the sixth Chinese company flagged by the Securities and Exchange Commission (SEC) for possible delisting from the U.S. market. Weibo, the Twitter equivalent in China, Nasdaq.com reported on March 24, will “evaluate all strategic options.” The SEC seems to have accelerated the implementation of a 2020 law banning foreign companies from U.S….
Weibo Becomes 6th Chinese Company Flagged by SEC for Potential Delisting
March 28, 2022
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Business & EconomyChinaChina Business & EconomyCompaniesdelistingHFCAAMedia & Big TechPCAOBUSUS-China relationsWeibo
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Nasdaq-listed Weibo became the sixth Chinese company flagged by the Securities and Exchange Commission (SEC) for possible delisting from the U.S. market. Weibo, the Twitter equivalent in China, Nasdaq.com reported on March 24, will “evaluate all strategic options.” The SEC seems to have accelerated the implementation of a 2020 law banning foreign companies from U.S….
Why Apple Has ‘Little to Lose, a Lot to Gain’ by Expanding Its Services to Android Devices
Apple, Inc. maintains its ecosystem as a walled garden, and it has served it well so far. The company, however, stands to gain by opening up, according to an Apple specialist. What Happened Apple has been promoting its growing range of online services such as Apple TV+, Arcade, Fitness+ and iCloud with the phrasing “Only…
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