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Crypto firm BlockFi files for bankruptcy
short by Pragya Swastik / on 28 Nov 2022,Monday
Crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey. The development comes after crypto exchange FTX filed for bankruptcy following the collapse of the deal of Binance buying FTX. In July 2022, FTX closed a deal to buy troubled BlockFi for up to $240 million.
short by Pragya Swastik / 09:29 pm on 28 Nov
The issues at Apple's manufacturing plant in China's Zhengzhou, the world's largest iPhone manufacturing facility, are likely to result in a production shortfall of 6 million iPhone Pro units this year, Bloomberg reported. The campus has been affected by lockdowns and worker unrest following COVID-19 infections. It produces the vast majority of iPhone 14 Pro and Pro Max devices.
short by Pragya Swastik / 09:00 pm on 28 Nov
Ireland's Data Protection Commission (DPC) on Monday fined Meta €265 million ($277 million) for breaching European data protection law. The penalty relates to the leak of the personal data of over 530 million users, which had been scraped from Facebook between May 2018 and September 2019. Facebook has also been ordered to make a range of corrective measures.
short by Ananya Goyal / 11:10 pm on 28 Nov
An Ireland-based Twitter executive secured a temporary court injunction to prevent her from getting fired. Sinead McSweeney said she chose not to respond to an email by Elon Musk asking employees to either commit to Twitter's "hardcore" culture or leave. Despite not responding, Twitter allegedly sent her an email confirming her "voluntary resignation" and locked her out of the system.
short by Ananya Goyal / 07:54 pm on 27 Nov
Elon Musk took to Twitter to share slides from a company talk, which revealed that Twitter is hiring. "We're recruiting," the first slide said with no further details. Notably, Musk slashed 50% of Twitter's 7,500-member workforce within days of acquiring the company to cut costs. Since then, hundreds of other employees have either been fired or have quit Twitter.
short by Hiral Goyal / 12:14 pm on 28 Nov
Elon Musk shares pic of his bedside table showing two guns
short by Pragya Swastik / on 28 Nov 2022,Monday
The world's richest man Elon Musk on Monday took to Twitter to share a picture which he claimed was of his bedside table. The pictures showed two guns, a gun case with an American Revolutionary War painting and several cans of Diet Coke beverage. "There is no excuse for my lack of coasters," Musk said in a tweet.
short by Pragya Swastik / 07:00 pm on 28 Nov
Congress must end "the era of failed Big Tech self-regulation" and pass laws that put user safety over "the whims of billionaires", Senator Ed Markey said on Saturday. Markey's remark came after Twitter's new owner Elon Musk failed to respond to his letter asking Musk questions about Twitter verification after a reporter created a "verified" account impersonating the senator.
short by Ananya Goyal / 09:39 pm on 27 Nov
Amazon shuts down wholesale distribution unit in India
short by Hiral Goyal / on 28 Nov 2022,Monday
Amazon is shutting down its wholesale e-commerce website for small neighborhood stores, called Amazon Distribution, in India. This is the third business closure announced by Amazon in India in a week. It previously announced plans to shutter food delivery and edtech services. The decision to shut down these units comes as part of annual operating planning review process, Amazon said.
short by Hiral Goyal / 08:27 pm on 28 Nov
Some Twitter users who criticized Twitter CEO Elon Musk said their accounts are getting suspended or they've been told they engaged in "hateful conduct", Business Insider reported. A user said they were banned for seemingly describing Musk as "unlikeable". Another user was asked to delete their tweet which said, "You can't defend [Musk] if...only thing you have in hairline."
short by Ashley Paul / 12:06 am on 29 Nov
Twitter's Trump ban after Capitol attack was a 'grave mistake': Musk
short by Ananya Goyal / on 27 Nov 2022,Sunday
Twitter's new owner Elon Musk has said Twitter's ban on then-President Donald Trump after the January 6, 2021, attack on the Capitol by his supporters was a "grave mistake" that had to be corrected. "De-platforming a sitting President undermined public trust in Twitter for half of America," Musk said. He had announced the reactivation of Trump's account earlier this month.
short by Ananya Goyal / 07:03 pm on 27 Nov
A Twitter employee has said her working hours increased to over 75 per week because of mass layoffs after Elon Musk took over the company. Sinead McSweeney made the statement in an Irish court while seeking an injunction to block Twitter from firing her. Musk has given employees "mixed messages" and is leading Twitter "in an unorthodox manner," she added.
short by Sakshita Khosla / 12:22 am on 28 Nov
The world's richest person and Twitter's new owner Elon Musk on Monday tweeted that Apple has "threatened" to withhold Twitter from its App Store without giving a reason. "Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?" Musk wrote in another tweet. He also tagged Apple's CEO Tim Cook, asking, "What's going on here?"
short by Ananya Goyal / 02:21 am on 29 Nov
Google partners with iCAD to develop AI breast cancer screening tools
short by Ananya Goyal / on 29 Nov 2022,Tuesday
Google on Monday struck a deal with medical technology company iCAD to integrate its AI technology into the company's breast imaging solutions. It marks the first licensing and commercialization agreement for Google Health's mammography AI models and will integrate the technology into real-world clinical practice. ICAD's tech is used in health systems across the US and globally.
short by Ananya Goyal / 12:28 am on 29 Nov
'Elon GOAT' crypto makers deliver $600,000 Musk statue to Tesla HQ
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
Creators of the 'Elon GOAT' cryptocurrency have delivered a $600,000 Elon Musk statue to Tesla's headquarters in Austin. The sculpture features Musk's head on a goat riding a rocket. Elon GOAT Co-founder Ashley Sansalone said Musk's acknowledgment would "legitimize" the token. Sansalone's team plans to stay at Tesla's headquarters until Musk accepts it.
short by Aishwarya Awasthi / 01:09 pm on 28 Nov
Twitter search results for '北京' (Beijing) and '上海' (Shanghai) are showing tweets about porn and gambling, obscuring content related to protests in China against its 'zero COVID' policy. Over 95% tweets in 'Beijing' search results are reportedly from spam accounts. "Chinese bots are flooding make access information about...protests," said tech analyst Mengyu Dong.
short by Ashley Paul / 08:12 pm on 28 Nov
The UK, as part of an update to the country's Online Safety Bill, will fine social media companies that fail to remove material encouraging self-harm. "Social media firms can no longer remain silent bystanders...they'll face fines for allowing this abusive and destructive behavior to continue on their platforms," the government said. Those who post self-harm content will also face prosecution.
short by Ananya Goyal / 08:57 pm on 27 Nov
BTC, Ethereum drop amid protests in China over COVID-19 curbs
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
The world's largest cryptocurrency Bitcoin on Monday fell 3.2% at one point to trade at about $16,170 as of 12:40 pm in Tokyo. Ethereum, the second-largest cryptocurrency, fell about 4%, while others like Solana, Avalanche and Dogecoin witnessed even sharper losses. The drop in the market comes amid protests in China against the COVID-19 lockdown.
short by Aishwarya Awasthi / 11:41 am on 28 Nov
Foxconn offers up to $1,800 to China plant workers to sustain staff levels
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
Foxconn is offering up to $1,800 in bonuses to workers at its chaos-hit Zhengzhou facility to sustain staff levels. It will top up wages by up to $1,804/month in December and January for full-time workers who joined at the start of November or earlier. This comes days after Foxconn offered a $1,400 settlement to workers willing to leave the plant.
short by Aishwarya Awasthi / 09:16 am on 28 Nov
I led Tesla Roadster's design, got an honorary degree for it: Musk
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
Tesla CEO Elon Musk has responded to a tweet "reminding" people of Tesla Co-founders Marc Tarpenning and Martin Eberhard, and calling Musk "just a series-A investor who bought in". "I...led the design of...original Roadster. Eberhard was wealthy and could have risked his money, but was unwilling," Musk said. He added he received an honorary degree for his work on Roadster.
short by Aishwarya Awasthi / 06:56 am on 28 Nov
Rolls-Royce successfully used hydrogen fuel to power a modern aircraft engine in a world first for the aviation industry, the UK manufacturer said on Monday. The test was conducted with a converted Rolls-Royce AE 2100-A regional aircraft engine using hydrogen created by wind and tidal power. Rolls and its testing program partner easyJet are planning a second set of tests.
short by Ananya Goyal / 08:08 pm on 28 Nov
China to launch Shenzhou-15 spacecraft to its space station on Nov 29
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
China will be launching its Shenzhou-15 spacecraft to its space station on November 29, the China Manned Space Agency said. Astronauts Fei Junlong, Deng Qingming and Zhang Lu will be on board the spacecraft. The crew will welcome the visiting Tianzhou-6 cargo ship during their stay and have a work handover with the Shenzhou-16 crew.
short by Aishwarya Awasthi / 11:00 am on 28 Nov
Hating on Musk full time seems like pathetic hobby: Dogecoin co-creator
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
Dogecoin Co-creator Billy Markus took to Twitter to say, "Hating on Elon Musk full time seems like a really pathetic hobby." "It's cool if you don't like someone. Just...maybe don't make that your entire identity," he added. Responding to Markus, Twitter's new owner said, "They won't give up controlling the narrative easily."
short by Aishwarya Awasthi / 07:23 am on 28 Nov
FTX remains focus of 'active' probe: Bahamian Attorney General
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
Bahamian Attorney General Ryan Pinder has said cryptocurrency exchange FTX remains the subject of "an active and ongoing investigation" by Bahamian authorities. Pinder said they are in the early stages of the investigation, adding that the probe is "complex". He added the authorities will "continue to investigate the facts and circumstances regarding FTX's insolvency crisis".
short by Aishwarya Awasthi / 08:13 am on 28 Nov
Musk called CEOs of firms that pulled ads from Twitter to complain: FT
short by Aishwarya Awasthi / on 28 Nov 2022,Monday
Twitter owner Elon Musk personally called the CEOs of some of the firms that pulled ads from Twitter to berate them, the Financial Times reported citing a source. This even led some advertisers to reduce their spending to the bare minimum required to avoid further confrontation with Musk. Groups like General Motors and Volkswagen have paused advertising on Twitter.
short by Aishwarya Awasthi / 02:33 pm on 28 Nov
US buyout firm Carlyle raises over $3 bn to invest in European tech
short by Ananya Goyal / on 28 Nov 2022,Monday
Washington, DC-based buyout firm The Carlyle Group said it has raised more than €3 billion ($3.12 billion) for a pan-European technology fund. The fund, called CETP V, has exceeded its €2.5 billion target in less than a year of fundraising. It is targeting cybersecurity, digital transformation and cleantech, and software applications for financial services, healthcare and infrastructure.
short by Ananya Goyal / 07:23 pm on 28 Nov
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