Facebook’s Meta has reportedly announced that it would freeze hiring and outlined a new plan to reorganize and cut back its staff for the first time in its history, as the company’s profit growth begins to slow down. The tech sector has been hit hard this year, as stocks on the NASDAQ and S&P 500…
Facebook’s Meta Freezes All Hiring, Warns of Possible Layoffs Due to Economic Turmoil: Reports
All-Electric Passenger Plane ‘Electrified the Skies’ During Inaugural 8-Minute Flight: Company
An all-electric airplane developed by Eviation Aircraft achieved a major milestone in electric aviation as it flew for 8 minutes at an altitude of 3,500 feet, the company announced. The flight took off on Tuesday at 7:10 a.m. from the Grant County International Airport in Washington. The zero-emission aircraft, named Alice, cuts down on noise…
House Passes Bill Aiming to Counter Dominance of Big Tech
September 30, 2022
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The House on Thursday passed a package of bipartisan antitrust bills that target big technology companies and bring in more funds to federal regulators. The Merger Filing Fee Modernization Act will update fees for the first time in two decades. The State Antitrust Enforcement Act will grant state officials the same deference as antitrust officials…
Libs of TikTok Threatens to Sue Twitter Over New Suspension
Twitter temporarily suspended the popular Libs of TikTok account on Sept. 25, which boasts of around 1.4 million followers, accusing the account of propagating “hateful conduct policy.” In a blog post on Sept. 29, Libs of TikTok stated that Twitter had wrongly imposed a seven-day suspension as a result of a “targeted harassment campaign from the Left”…
Brands Suspends Ads From Parts of Twitter Over Child Pornography Concerns
Some major advertisers including Dyson, Mazda, Forbes, and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters late on Wednesday they have paused their advertising on Twitter. Brands ranging from…
Federal Police Launch Special Ops to Protect Victims of Largest Cyber Hack in Australian History
September 30, 2022
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The Australian Federal Police will move to protect 10,000 customers whose valuable data was released online following the largest cybersecurity breach in the country’s history. “Operation Guardian” is part of a series of efforts by law enforcement, business entities, and the government to deal with the data breach of telecommunications giant Optus, which affected up to…
BlackBerry Takes a Knock as Cybersecurity Revenue Drop Clouds Automotive Demand
Canada’s BlackBerry Ltd. on Tuesday reported a fall in cybersecurity revenue for the second quarter, as customers reined in spending due to an uncertain macroeconomic environment, sending its shares down about 3 percent in extended trading. The company has also been facing tough competition from Microsoft Corp., Citrix Systems, and International Business Machines in the…
Twitter Lawyer Tells Court Musk Has Not Backed Up Claims of Fake Accounts
WILMINGTON, Del.—Elon Musk’s review of Twitter Inc. accounts by his advisers did not back up the billionaire’s allegation that the number of fake users was “wildly higher” than 5 percent as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge on Tuesday. Documents obtained…
Amazon Boosts Pay for Frontline Staff at Cost of $1 Billion
Amazon has announced pay increases for its frontline employees in the United States and is planning to set aside $1 billion over the next year for the purpose. The average starting pay for frontline employees will rise from $18 per hour to $19, with employees making anywhere between $16 and $26 per hour depending on…
Get Access to Thousands of Textbooks and Novels for Less Than $9 a Month
September 29, 2022
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<em>Sponsored Content</em> With the school year in full swing, it’s easy to be inspired by all the learning happening around us. If you or the inquisitive student in your life are hoping to expand their knowledge, the Perlego Online Library can help. This resource provides unlimited access to over 900,000 books and 1,000 academic and…
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