Tag: Tech

Elizabeth Holmes Seeks to Avoid Prison for Theranos Fraud

Elizabeth Holmes urged a judge not to send her to prison, as the founder of Theranos Inc. prepares to be sentenced next week for defrauding investors in the blood testing start-up. In a Thursday night court filing, lawyers for Holmes asked that she receive 18 months in home confinement, followed by community service, at her…


Aussie Watchdog Calls for New Laws to Combat Online Scams and Anti-Competitive Behaviour

Australia’s consumer watchdog is calling for new digital platform laws to be passed that would protect consumers against scams, fake reviews, redress consumer complaints and anti-competitive conduct. In its fifth interim report (pdf) on digital platforms that was released on Nov. 11, the Australian Competition and Consumer Commission (ACCC) said that the country’s current competition…


Crypto Platform FTX Goes Bankrupt, Boss Resigns

FTX Group, a collection of some 130 companies behind the cryptocurrency platform FTX, has filed for bankruptcy, and its boss, Sam Bankman-Fried, has quit. The group has initiated voluntary bankruptcy proceedings under Chapter 11 in the District of Delaware, according to a press release on Nov. 11. Bankman-Fried, who has been replaced in his role as CEO…


Elon Musk Says He ‘Killed’ New Official Label for Twitter Accounts

Elon Musk said in a tweet on Wednesday that he “killed” the new official label for Twitter accounts, on the same day that it began rolling out. “Please note that Twitter will do lots of dumb things in coming months,” he tweeted. “We will keep what works & change what doesn’t.” Musk backtracked on the…


Virgin Australia’s Customers Fall Victim to Medibank Cyber-attack

Thousands of Virgin Australia customers have become the latest victims in the fallout of the massive data breach at Australian private health insurance provider Medibank. On the evening of Nov. 9, Virgin Australia was informed by Medibank that several thousand of its Velocity Frequent Flyer membership numbers were leaked in the cyber-attack. The airline immediately…


Elon Musk Urges Advertisers to Give Twitter a Chance as Platform Evolves

Twitter owner Elon Musk told advertisers on Wednesday that he wants the social media platform to “be a force that moves civilization in a positive direction.” The billionaire industrialist hosted an hour-long Twitter Spaces session with representatives from several major companies, including Adidas, Nissan, and Walgreens. Since it was also a public event, approximately 100,000…


Biden Says Twitter Owner Musk’s Foreign Ties ‘Worthy of Being Looked At’

The Biden administration is weighing up probing Elon Musk’s “relationships with other countries” after the businessman purchased Twitter. President Joe Biden told reporters at a White House press conference on Nov. 9 that the industrialist’s “cooperation and/or technical relationships with other countries is worthy of being looked at.” Biden’s response came after he was asked…


Elon Musk Warns Twitter Staff of ‘Difficult’ Times Ahead as He Ends Remote Work: Report

Twitter’s new boss Elon Musk has reportedly sent his first email to staff, ending remote work arrangements and warning of tough times ahead in the face of economic headwinds. Musk’s email, according to Bloomberg, says that “the road ahead is arduous and will require intense work to succeed,” while telling staff they need to be…


New Wastewater Technology to Clean Great Barrier Reef With Macroalgae

Australian researchers have come up with a new wastewater technology to clean the waterways of the Great Barrier Reef, one of the nation’s most precious natural assets. Developed by biotechnology company Pacific Bio, the RegenAqua technology uses native Australian seaweed and macroalgae, combined with sunlight, to remove harmful nutrients from wastewater before it enters waterways…


COVID-19, GMOs, Climate Change: Expert Says Suppression of Dissent in Scientific Circles Is Nothing New

Whether it’s pesticides, genetically modified foods, AIDs, or COVID-19, the silencing of debate occurs regularly in scientific circles, particularly with big contentious issues, says Prof. Brian Martin of Social Sciences at the University of Wollongong. Martin recently co-authored a study into COVID-19 censorship revealing the “extreme and unprecedented” measures used by governments, medical boards, media…