Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks. Twitter did not immediately respond to a…
Amazon’s AWS to Invest $35 Billion in Virginia
WASHINGTON—Amazon.com Inc.’s cloud services division said Friday it plans to invest another $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data center campuses across Virginia. In 2021, AWS said from 2011…
Google Parent Alphabet to Cut 12,000 Jobs Amid Wave of Tech Layoffs
Google parent Alphabet Inc.’s CEO sent a note to employees Friday announcing the elimination of 12,000 jobs, as a response to economic changes over the past two years. The move—coming two days after a similar number of job cuts from Microsoft—will affect both U.S. and overseas employees. “Over the past two years we’ve seen periods…
Netflix Co-Founder Steps Down as CEO: ‘The Board and I Believe It’s the Right Time’
Netflix co-founder Reed Hastings stepped down as CEO this week, stating: “The board and I believe it’s the right time.” Hastings stepped down as chief of the online streaming service, handing control over to his longtime colleague and co-CEO, Ted Sarandos, and his COO, Greg Peters, Reuters reported. The co-founder decided to step down as Netflix…
Big Tech Unites, Urges Supreme Court to Keep Laws Protecting Social Media Companies in Place
A slew of big tech giants, including Meta, Microsoft, and Twitter, have joined Google in filing legal briefs in the U.S. Supreme Court, arguing that amending a statute pertaining to social media companies’ liability for content posted on their platforms could strip the companies of protections from lawsuits. Section 230 of the Communications Decency Act generally…
Wall Street Opens Mixed and Is Headed for a Losing Week
January 20, 2023
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NEW YORK—Stocks are off to a mixed start on Wall Street, keeping the market on track for a losing week after rallying for the first two weeks of the year. The S&P 500 was just barely higher in the early going Friday, and the tech-heavy Nasdaq composite was up 0.4 percent. The Dow slipped 0.1…
Maine Joins 28 US States Banning TikTok From Government Devices
January 20, 2023
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Maine has become the latest state to ban TikTok from state-owned devices that connect to the government network. The video-sharing app is owned and operated by ByteDance, which is a Chinese company that moved its headquarters to Singapore in 2020. More than 28 U.S. states and the federal government have banned the popular app from state-owned devices….
Meta’s WhatsApp Fined 5.5 Million Euro by Lead EU Privacy Regulator
DUBLIN—Meta’s WhatsApp subsidiary was fined 5.5 million euros ($5.95 million) on Thursday by Ireland’s Data Privacy Commissioner (DPC), its lead EU privacy regulator, for an additional breach of the bloc’s privacy laws. The DPC also told WhatsApp to reassess how it uses personal data for service improvements following a similar order it issued this month…
National Security Officials Worked to Flag Election ‘Misinformation’ for Social Media Companies: Deposition
A newly released document describes how a group of national security officials worked day and night to flag election-related “misinformation” and “disinformation” and provide it to social media platforms, which Missouri Attorney General Andrew Bailey said shows that the Cybersecurity and Infrastructure Security Agency (CISA) has been “weaponized to suppress domestic free speech.” As part of…
Amazon Shuts Down Charity Program as Layoffs Continue
Amazon will discontinue its charity program called AmazonSmiles as the company continues to find ways to cut costs, which have included mass layoffs. The e-retailer’s charity allows shoppers to donate a percentage of eligible purchases on the site to their chosen charity organization. In an announcement, Amazon states it plans to wind down AmazonSmiles by…
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