Internet
Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
Snap CEO Evan Spiegel, joins CNBC ‘Power Lunch’ on September 17, 2024. CNBC Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice. The FTC’s non-public complaint involves allegations that Snapchat’s My AI chatbot poses “risks and harms to […]
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Amazon lays off about 200 employees in its stores unit
Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images Amazon is laying off roughly 200 employees in its North America stores division, the company confirmed. The core retail business, which […]
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TikTok CEO expected to attend Trump’s inauguration, NBC reports
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, March 23, 2023. Evelyn Hockstein | Reuters TikTok CEO Shou Chew is expected […]
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YouTube donating $15 million in LA wildfire relief, support for creators days before TikTok ban
Charred remains of buildings are pictured following the Palisades Fire in the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 15, 2025. Mike Blake | Reuters Google and YouTube will donate $15 million to support the Los Angeles community and content creators impacted by wildfires, YouTube CEO Neal Mohan announced in a blog post […]
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TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
Jakub Porzycki | Nurphoto | Getty Images Business moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to uphold a national security law in […]
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TikTok preparing for U.S. Sunday shutdown, sources tell Reuters
Jaap Arriens | Nurphoto | Getty Images TikTok plans to shut its app for U.S. users on Sunday, when a federal ban on the social media app could come into effect, unless the Supreme Court moves to block it, sources familiar with the matter said. The outcome of the shutdown would be different from that […]
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Meta targeting lowest-performing employees in latest round of layoffs
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing workers, CNBC confirmed Tuesday. Bloomberg was first to report the […]
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After last year’s $162-billion stock wipeout, Samsung’s 2025 hinges on Nvidia
When Samsung reported fourth-quarter preliminary profit that missed market forecasts in a big way, its stock rose. Investors put aside the numbers and instead focused on comments from Nvidia CEO Jensen Huang, giving hope of a revival for Samsung in 2025. It comes after a near-$162-billion market cap wipeout for Samsung in 2024 driven by […]
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The UK wants to do its ‘own thing’ on AI regulation, suggesting a divergence from U.S. and EU
Jaque Silva | Nurphoto | Getty Images LONDON — The U.K. says it wants to do its “own thing” when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers. “It’s really important that we as the U.K. do our own thing when it comes to […]
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China considers selling TikTok U.S. operations to Musk, Bloomberg reports
Jakub Porzycki | Nurphoto | Getty Images The Chinese government is considering a plan that would have Elon Musk acquire TikTok’s U.S. operations to keep the app from being effectively banned, Bloomberg News reported on Monday. The contingency plan is one of several options China is exploring as the U.S. Supreme Court determines whether to […]
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