Social media
How Ireland lost its chance to become Big Tech’s ‘super regulator’
Many of the largest U.S. tech firms hold their European headquarters in Dublin. Artur Widak | Nurphoto | Getty Images Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far […]
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Match Group names Bernard Kim as CEO, replacing Shar Dubey
The Match dating application is displayed on an Apple iPhone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Match Group CEO Shar Dubey is stepping down as chief of the dating app giant, effective May 31. Bernard Kim, president of Zynga, will take over the helm, the company said Tuesday. Dubey will […]
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EU regulator accuses Apple of restricting rivals’ access to payment tech
CEO of Apple Tim Cook attends the 2022 Vanity Fair Oscar Party following the 94th Oscars at the The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California on March 27, 2022. Patrick T. Fallon | AFP | Getty Images Europe’s antitrust regulator accused Apple of restricting rivals’ access to its payment technology, […]
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Amazon has bold ambitions to take on SpaceX in the satellite internet business
Amazon has a plan to deliver internet from space using 3,236 small satellites in low Earth orbit. It’s called Project Kuiper. In April, the company signed a multibillion-dollar contract — the largest rocket deal in the history of the commercial space industry — for launches of its Kuiper satellites with three different entities: Jeff Bezos’s […]
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Musk told banks he will rein in Twitter pay, make money from tweets
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said. Musk made the pitch to […]
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Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing […]
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Elon Musk will be the most indebted CEO in America if the Twitter deal goes through
The world’s richest person could soon add another title to his name – America’s most leveraged CEO. Two-thirds of Elon Musk’s financing for the $44 billion deal to take Twitter private will have to come out of his own pocket. That pocket is deep. He has a net worth of about $250 billion. Yet because […]
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Snap launches a $230 flying camera called Pixy
Snap is launching a flying camera, the company announced Thursday during its annual partners summit. The camera, called Pixy, is a “pocket sized” device with no controller. Instead, users tap a button to send Pixy into one of four preset flightpaths. The device floats, orbits, or follows a few feet above the user to capture […]
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Meta shares surge 15% after Facebook parent beats earnings estimates
Expectations were already low going into Meta’s latest quarterly results, which were a mixed back. Sopa Images | Lightrocket | Getty Images Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by […]
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Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter of 2022, in what […]
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