Tag: Tech

Report Questions Biden’s Push to Install E-Car Chargers at Gas Stations

November 19, 2022
bidenBusiness & MarketsDemocratseconomic policieseconomyelectric vehicleenergyExecutive Branchgas stationsPolicies & ImpactsPoliticsRegional-Local NewsRepublicanRepublicansTechUSUS News
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A well-known independent newsletter on fuel prices and gas stations has expressed skepticism about the addition of many more electric vehicle (EV) charging stations to U.S. gas stations, in line with Biden administration priorities when it comes to the country’s transportation infrastructure. The Nov. 17 edition of the Lundberg Letter called the advocacy of much…

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Tesla Recalls 30,000 Model X Cars, Shares Hit 2-Year Low

November 18, 2022
AirbagBusiness & MarketsCompaniesTechTech Newstesla
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WASHINGTON—Tesla Inc. recalled nearly 30,000 Model X cars in the United States over an issue that may cause the front passenger air bag to deploy incorrectly, sending its shares down nearly 3 percent on Friday to their lowest in nearly two years. The air bag could deploy incorrectly in certain low-speed collision events where a…

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Elon Musk ‘Not Super Worried’ Amid Reports Twitter Offices Closed

November 18, 2022
Business & MarketsCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
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Amid reports that numerous Twitter employees quit the company on Thursday, new owner Elon Musk wrote the social media firm has seen all-time high in traffic. Anonymously sourced reports said that a new batch of Twitter employees quit the company, prompting widespread speculation on the platform that it would shut down and fail on Thursday….

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Crypto Executive Compares Sam Bankman-Fried to Ponzi Conman Bernie Madoff

November 18, 2022
Bernie MadoffbinanceBusiness & MarketsCompaniesCrypto Exchange FTXCrypto MarketsCrypto ScamscryptocurrencyeconomyMarketsPonzi SchemesSam Bankman-FriedTechTech NewsUS
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Crypto exchange Binance’s chief strategy officer Patrick Hillmann has compared Sam Bankman-Fried, CEO of the bankrupt crypto exchange FTX, to the infamous Ponzi scheme mastermind Bernie Madoff. In an interview with CNBC, Hillmann said that venture capitalists were attracted to Bankman-Fried’s persona and appearance of credibility. Bankman-Fried is either like Elizabeth Holmes, founder of the…

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Big Tech Sends Troubling Signals, With More Layoffs to Come

November 18, 2022
Big TechBusiness & MarketsCompanieslayoffsMedia & Big TechTechTech News
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For the technology sector, 2022 has been the year of layoffs. From Amazon to Zillow, many of the tech titans have been trimming the fat and reducing their workforce numbers in response to growing recession fears, bad investment decisions, and lower revenues. Will 2023 be more of the same? Amazon Amazon, the nation’s second-largest private…

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Amazon CEO Says Job Cuts Will Run Through Next Year

November 18, 2022
AmazonAndy JassyBusiness & MarketsCompanieseconomylayoffsTechTech NewsUS
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After confirming that it has begun terminating employees, Amazon has now revealed that the layoffs will continue into 2023 as well. On Nov. 16, Dave Limp, Amazon senior vice president of devices and services, announced the job cuts, saying that the company had decided to “consolidate some teams and programs” due to which “some roles will…

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Twitter Temporarily Closes Offices, Suspends Badge Access Amid Layoffs: Report

November 18, 2022
Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesElon MuskFeatured TopicslayoffsMedia & Big TechSocial MediaTechTech NewsTwitterUSUS News
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Twitter Inc. on Thursday announced it was temporarily closing its offices, effectively immediately, and suspending all employee badge access. In a message sent to employees and published by the BBC, Twitter said its offices would reopen on Nov. 21, without providing a reason behind the temporary shutdown. “Hi, effective immediately, we are temporarily closing our…

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Trump Fights Twitter Ban at US Appeals Court a Day Before He Launches 2024 Presidential Bid

November 18, 2022
2024 electionAppeals CourtBig Tech, Censorship, and SocialismBusiness & MarketsCompaniesDonald TrumpFeatured TopicsJudiciaryMedia & Big TechPoliticsSocial MediaTechTwitterUSUS News
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Former U.S. President Donald Trump has asked an appeals court to revive his lawsuit against Twitter over his permanent suspension. In a 96-page filing (pdf) submitted to the 9th U.S. Circuit Court of Appeals on Nov. 14, Trump’s lawyers allege government officials use social media platforms as “cat’s paws” to suppress opinions “that turn out…

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Trump Fights Twitter Ban at US Appeals Court a Day Before He Launched 2024 Presidential Bid

November 18, 2022
2024 electionAppeals CourtBig Tech, Censorship, and SocialismBusiness & MarketsCompaniesDonald TrumpFeatured TopicsJudiciaryMedia & Big TechPoliticsSocial MediaTechTwitterUSUS News
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Former U.S. President Donald Trump has asked an appeals court to revive his lawsuit against Twitter over his permanent suspension. In a 96-page filing (pdf) submitted to the 9th U.S. Circuit Court of Appeals on Nov. 14, Trump’s lawyers allege government officials use social media platforms as “cat’s paws” to suppress opinions “that turn out…

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FBI Director Cannot ‘Be Sure’ Whether Facebook Is Sending User Information to Agents

November 18, 2022
Big Tech, Censorship, and SocialismBusiness & MarketsChristopher WrayCompaniesFacebookFBIFeatured TopicsMedia & Big TechRand PaulTechTech NewsUSUS Newsuser information
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FBI Director Christopher Wray said Thursday he cannot “be sure” whether Facebook is sending the agency user information without being compelled to do so, an act that would violate the law. Wray’s remark in response to a question from Sen. Rand Paul (R-Ky.) comes after Republicans on the House Judiciary Committee released a report (pdf) in…

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