Former U.S. President Donald Trump’s social media platform—Truth Social—migrated to Rumble Cloud on April 22 as it attempts to onboard millions of internet users on the network. Truth Social, created by Trump Media & Technology Group (TMTG), “successfully” migrated its website and mobile applications to Rumble’s cloud infrastructure, according to an April 22 news release….
Truth Social Migrates to Rumble Cloud, Trump Platform Preparing to Onboard Millions
April 23, 2022
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Apple’s Newest Line Dominated iPhone Sales in Q1: What It Could Mean for Earnings
New research released ahead of Apple Inc.’s March quarter results, due on April 28, points toward strong uptake for the latest iteration of its iPhones. What Happened The entire Apple iPhone 13 lineup had the largest share of the total iPhones sold in the United States in several years, in the March quarter, market research firm Consumer Intelligence Research Partners (CIRP)…
US Military OKs Prototype Mobile Nuclear Reactor in Idaho
BOISE, Idaho—The U.S. Department of Defense plans to build an advanced mobile nuclear microreactor prototype at the Idaho National Laboratory in eastern Idaho. The department late last week signed off on the Project Pele plan to build the reactor and reactor fuel outside of Idaho and then assemble and operate the reactor at the lab….
Twitter Needs ‘White Knight’ Investor to Thwart Elon Musk Buyout: Tech Analyst
One of the few ways in which Twitter can avoid Elon Musk taking over the company is to find a friendly investor or a “white knight,” according to tech analyst, Dan Ives. Ives, an analyst at investment firm Wedbush, told Fortune that a white knight—a financial term used to describe a friendly investor that sweeps in when a company is on the…
Taiwan’s TSMC Raises $3.5 Billion in Bonds for New US Plant
April 21, 2022
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TAIPEI—Taiwanese chip firm TSMC has raised $3.5 billon in bonds for its new plant in the U.S. state of Arizona, according to a term sheet. Taiwan Semiconductor Manufacturing Co. Ltd., a major Apple Inc supplier and the world’s largest contract chip-maker, started construction last year at the Arizona site where it plans to spend $12…
Pressure Mounts on Twitter’s Board as Elon Musk Hints at Potential Tender Offer
April 20, 2022
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Ownership contest for Twitter has devolved into a chess game after the company’s board last week adopted a poison pill to thwart an unwelcome takeover attempt by the world’s richest man, Elon Musk. Many people around the world, including the company’s stockholders, are now eagerly awaiting the billionaire’s next move. Musk on Tuesday posted a mysterious…
Google to Set Up First Africa Product Development Center in Nairobi
NAIROBI—Alphabet Inc.’s Google is investing in its first ever Africa product development center in the Kenyan capital Nairobi, it said, as it positions itself to serve a growing base of internet users on the continent. By the end of this decade, the continent will host 800 million internet users, the California-based firm said, and a…
Meta Institutional Investors Urge Opposing Re-Election of 2 Board Members
A group representing some of Meta Platforms Inc.’s institutional investors urged shareholders of the Facebook owner to vote against the re-election of two of its board members, Marc Andreessen and Peggy Alford. “We believe the lack of independence of board members Peggy Alford and Marc L. Andreessen is undermining the board’s ability to adequately oversee…
Germany’s SAP Joins Western Corporate Exodus From Russia
STOCKHOLM—Business software group SAP plans to exit Russia completely in response to Moscow’s invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support. SAP joined a long list of companies, including rival Oracle last month in halting the sale of its services…
CNN’s New President Chris Licht Announces He’s Quitting Twitter
CNN’s new president Chris Licht has said he will no longer be using Twitter after commencing his new role, stating that the platform can “skew” important issues. Licht took to Twitter on April 18 to announce that he will be ditching the social media platform as of May 2, the same day that he starts his…
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