Internet
Amazon sues thousands of Facebook group administrators over fake reviews
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon on Tuesday filed a lawsuit against the administrators of more than 10,000 Facebook groups that allegedly acted as fake review brokers. The lawsuit filed […]
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Looking to get your funds out of a collapsed crypto platform? Don’t get your hopes up
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending […]
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TikTok owner ByteDance explores self-designed chips as China aims for semiconductor self-sufficiency
While ByteDance is best known for its viral social media app TikTok, the Beijing-based company is now bolstering its ability in semiconductor design. ByteDance won’t be manufacturing chips to sell to others, but it will be designing semiconductors that it requires for specific applications internally. Artur Widak | Nurphoto | Getty Images TikTok owner ByteDance […]
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Amazon faces probe by federal prosecutors and OSHA into warehouse safety
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images Federal prosecutors in New York and the Occupational Safety and Health Administration are inspecting a handful of Amazon warehouses as part of […]
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Smartphone shipments fell 9% in Q2, but Apple iPhone remains in high demand despite inflation pressure
Customers look at the iPhone13 smartphones at apple’s flagship store in Shanghai, China. Xing Yun | Future Publishing | Getty Images Shipments of Apple’s iPhone remain strong despite regional uncertainty and economic headwinds that dragged global phone shipments down 9% year over year in the second quarter, according to new data from research firm Canalys. […]
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Goldman-backed fintech Starling withdraws European bank license application in blow to global ambitions
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — British digital bank Starling is ending its bid to obtain a European banking license, dealing a significant setback to the company’s international expansion ambitions. The firm told staff Monday that it had withdrawn its application for a bank license […]
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Snapchat is finally coming to the web after more than a decade as a mobile app
Snapchat founder and CEO Evan Spiegel attends a session during the Viva Technology show in Paris on June 17, 2022. Eric Piermont | AFP | Getty Images After over a decade as a mobile-only service, Snapchat is coming your desktop. Snap, the parent of the popular photo and messaging app, said Monday that it’s debuting […]
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U.S. chip industry split over CHIPS act benefits to Intel
Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets. JP Black | LightRocket | Getty Images Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel, sources […]
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Crypto exchange Binance fined $3.4 million by Dutch central bank for operating illegally
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, on Monday was slapped with a 3.3 million euro ($3.4 million) fine from the Dutch central bank for operating in the Netherlands […]
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Twitter board urges shareholders to approve sale to Elon Musk
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Twitter’s board of directors unanimously recommended that its shareholders vote to approve Elon Musk’s $44 billion acquisition of the company. Twitter […]
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