Internet
Facebook caused chaos to put pressure on Australian lawmakers, report says
The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images Facebook used an algorithm it knew would affect pages beyond those of publishers in Australia […]
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Union leader slams Amazon’s labor practices at Senate hearing
Christian Smalls, founder of the Amazon Labor Union (ALU), speaks during a Senate Budget Committee hearing in Washington, D.C., U.S., on Thursday, May 5, 2022. The hearing is titled “Should Taxpayer Dollars Go to Companies that Violate Labor Laws?” Eric Lee | Bloomberg | Getty Images Chris Smalls, a former Amazon worker and leader of […]
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Binance is backing Elon Musk’s Twitter acquisition — here’s why it’s a big deal for crypto enthusiasts
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. […]
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Elon Musk expected to serve as temporary Twitter CEO after deal closes
Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan. Rebecca Cook | Reuters Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber. An SEC […]
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Shopify stock down 13% after earnings miss, $2.1 billion acquisition of logistics start-up
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shares of Shopify plunged more than 13% in premarket trading on Thursday after the company reported first-quarter results that missed analysts’ estimates, and said it will acquire logistics start-up Deliverr for $2.1 billion in cash and stock. Shopify posted adjusted earnings […]
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Chinese tech giant NetEase launches first gaming studio in U.S. in international push
NetEase’s U.S. game studio called Jackalope Games highlights the Chinese tech giant’s aggressive interntational push as the domestic game market faces headwinds. Xing Yun | Costfoto | Future Publishing | Getty Images Chinese gaming giant NetEase has launched its first fully-owned gaming studio in the U.S. as it ramps up international expansion against the backdrop […]
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EBay and Etsy drop on weak guidance as e-commerce crunch continues
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector is cooling off after a […]
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France becomes first big European nation to grant crypto giant Binance regulatory approval
Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered […]
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Elon Musk Twitter profile change briefly sends token of Bored Ape NFT project soaring
The Bored Ape NFT collection has garnered a cult-like following since its inception in April 2021. Jakub Porzycki | Nurphoto | Getty Images Elon Musk on Wednesday changed his profile picture on Twitter to an image featuring various avatars from the Bored Ape non-fungible token collection, sending the price of the project’s digital token soaring. […]
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Elon Musk invited to discuss $44 billion Twitter deal in UK Parliament
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Tesla CEO Elon Musk has been invited to testify in the U.K. Parliament about his deal to buy Twitter for $44 billion. Julian Knight, who chairs the parliamentary committee on digital, culture, media and sport, sent Musk a letter requesting […]
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