Tag: Media & Big Tech

Satire Website’s Twitter Account Locked Over Calling Biological Male a Man

A satire website saw its Twitter account locked because it posted its article describing a Biden administration health official as its “man of the year.” According to a notice sent to The Babylon Bee, the post violated Twitter’s rules against “hateful conduct.” The rules mean “you may not promote violence against, threaten, or harass other…


Wall Street Knocked Lower by Ukraine Tensions, Boeing Crash

Wall Street’s main indexes fell in choppy trade on Monday, as rising tensions over the Russia-Ukraine conflict weighed on megacap stocks and Boeing shares fell after a 737-800 jet crashed in China. Russia’s foreign ministry said it had summoned U.S. Ambassador John Sullivan to tell him that remarks by President Joe Biden about his Russian…


US Court Dismisses DC Antitrust Lawsuit Against Amazon

A U.S. court dismissed a lawsuit against Amazon.com Inc. on Friday that accused the company of antitrust violations for barring third-party sellers from offering better deals for their products elsewhere. Judge Hiram Puig-Lugo of the Superior Court of the District of Columbia granted Amazon’s motion to dismiss the complaint filed last year by Washington attorney…


Former Apple Employee Charged With Defrauding $10 Million

SAN JOSE, Calif.—A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment, and laundering money, federal prosecutors said. Dhirendra Prasad, 52, worked for 10 years as a buyer in Apple’s Global Service Supply Chain department. A federal criminal case unsealed Friday alleges…


Suppression of Hunter Biden Laptop Stories ‘Definitely’ Impacted 2020 Election: Barr

The widespread action against stories on emails and other material from a laptop believed to be owned by President Joe Biden’s son impacted the 2020 election, former Attorney General William Barr said on March 17. After the New York Post reported on the materials, Twitter blocked the circulation of the story and other news outlets…


Dan Ives Sees ‘Bright Green Light’ Buying Opportunity for Apple, Microsoft, and Google

After the U.S. Federal Reserve turned more hawkish and announced it will do whatever it takes to fight rising inflation, the markets rallied. Many were left puzzled by the strong response in the markets as higher rates tend to negatively impact earnings, but Wedbush analyst Dan Ives says it makes a lot of sense. “I think it’s a bright…


Jefferies Sees Potential in Microsoft’s Power Platform

Jefferies analyst Brent Thill notes Microsoft Corp.’s emerging Power Platform has “an outsized impact via a halo effect” on the entire Microsoft suite. Thill describes the Power Platform as “a multi-billion dollar growth pillar” and the company’s “next growth engine.” He sees the Power Platform’s long-term user opportunity at one billion-plus from under 20 million users. Thill reiterated a Buy…


Australian Consumer Watchdog Sues Meta for Cryptocurrency Scam Ads

Australia’s consumer watchdog has filed a lawsuit against Facebook’s parent company Meta over cryptocurrency scam ads, which conned AU$100 million (US$73.83 million) from Australians last year. The Australian Competition and Consumer Commission (ACCC) has filed the legal action in the Federal Court of Australia, alleging the tech giant knew scam ads were running on Facebook…


Google Shares Findings on Ransomware Hacker Group

Alphabet Inc.’s Google detected a group of ransomware hackers trying to breach companies in 2021, exploiting a vulnerability in Microsoft Corp.’s Windows. The group sent over 5,000 malicious emails a day to up to 650 global organizations, often leveraging a flaw in MSHTML. Microsoft issued a security fix for the Windows vulnerability in late 2021. Lately, the group…


Toshiba Director Looks to Support Buyout, Against Board Opposition

Toshiba Corp. director American Raymond Zage locked horns with the board as he agreed to back a resolution that could lead to a potential buyout, Reuters reports. Zage, a former Goldman Sachs banker and hedge fund manager, looked to back the resolution at next week’s extraordinary shareholder meeting. Zage believed he was one of the top…