In this article BABA 700-HK 3690-HK GUANGZHOU, China — Meituan shares surged over 7% on Monday, leading China technology stocks higher, after the food delivery giant was slapped with a fine as a result of an antitrust probe. On Friday, China’s State Administration for Market Regulation (SAMR) said Meituan abused its dominant position in the
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Former Google, Facebook and Pinterest employee Ifeoma Ozoma launched a free resource guide and a new California law in the same week. Ifeoma Ozoma Whistleblowers are getting louder in Silicon Valley. Most notable is ex-Facebook employee Frances Haugen, who testified in front of Congress this week after revealing documents that showed the company is aware
In this article 9984.T-JP GOOGL .FKRX300 NG.-GB In June of 2020, Boston Dynamics started selling its first commercial robot: Spot. It was a big moment for the company. For most of its 30 year history, Boston Dynamics has been focused on research and development. Initially, Boston Dynamics received a lot of its funding from the
In this article FB A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Lakinya Francis is building a LinkedIn account, Haley Sanchez is expanding her email list and Michael Elefante plans to build out his website. “We get so fixated on what’s working and that’s fine but we need to have a
Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images Apple filed a notice of appeal in the Epic Games case and is asking for a stay on the injunction that lets developers add in-app links
In this article FB Former Facebook employee and whistleblower Frances Haugen testifies during a Senate Committee on Commerce, Science, and Transportation hearing entitled ‘Protecting Kids Online: Testimony from a Facebook Whistleblower’ on Capitol Hill, October 05, 2021 in Washington, DC. Jabin Botsford | Getty Images The following is a selection from Big Technology, a newsletter
A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than
Carlos Watson records a TV debate for Take On America With OZY at The Bently Reserve on October 29, 2018 in San Francisco, California. Kimberly White | Getty Images Several former employees of Ozy Media say there is no evidence that the millions of dollars the company received through a federal Covid relief program to
Former Theranos CEO Elizabeth Holmes arrives for a hearing at a federal court in San Jose, California, July 17, 2019. Stephen Lam | Reuters SAN JOSE, CALIF. — Former Safeway CEO Steve Burd on Wednesday testified in the Elizabeth Holmes criminal fraud trial, saying repeated delays with Theranos’ blood-testing machine raised red flags about his
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook is in the eye of the storm. Politicians from both sides of the aisle are livid after a trove of leaked internal documents revealed that Facebook has long known, from its
Mark Zuckerberg, Chairman and Chief Executive Officer of Facebook, arrives to testify during the House Financial Services hearing on An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors on Wednesday, Oct. 23, 2019. Bill Clark | CQ-Roll Call, Inc. | Getty Images As senators absorbed Tuesday’s testimony from the Facebook
Facebook whistleblower Frances Haugen, who leaked internal company investigations to both The Wall Street Journal and U.S. Congress, will testify before a Senate subcommittee Tuesday. Recent investigations from the Journal revealed that the company’s executives understood the negative impacts of Instagram among younger users, including increased suicidal thoughts. Documents also revealed that 6% of American
In this article FB Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook employees and contractors complained on Monday that they were unable to log into their work accounts following the company’s worst service outage since 2008. The outage, which
Amazon employees load boxes with orders at the company’s fulfillment center ahead of Cyber Monday in Tracy, Calif. David Paul Morris | Bloomberg | Getty Images Amazon is rolling out “Black Friday-worthy” deals in a bid to hook early holiday shoppers, the company announced Monday. Amazon said it’s offering “deep discounts across every category,” including
In this article FB Olivier Douliery | AFP | Getty Images A Facebook whistleblower who brought internal documents detailing the company’s research to The Wall Street Journal and the U.S. Congress unmasked herself ahead of an interview she gave to “60 Minutes,” which aired Sunday night. Frances Haugen, a former product manager on Facebook’s civic
In this article TSLA The logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today. Toby Scott | LightRocket | Getty Images Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900
September was a rough month for crypto investors, in particular for those betting big on ether, the token tied to the ethereum blockchain. Ether dropped 13% for the month, its second-biggest monthly decline in the past year, behind only a 16% slide in June. Bitcoin fell 7% in September. It’s difficult to link short-term price
Amazon’s new delivery van Amazon Rivian Automotive, a company developing electric vehicles, including commercial delivery vans for Amazon, filed for an initial public offering on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN.” Its paperwork shows a $994 million net loss on zero revenue in the first six months
Zoom In IconArrows pointing outwards About $90.1 million has mistakenly gone out to users of popular DeFi staking protocol Compound after an upgrade gone epically wrong. Now, the founder is making a plea — and issuing a few threats — to incentivize the voluntary return of the platform’s crypto tokens. “If you received a large,
Getty El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into volcano-powered bitcoin mining. On Tuesday, the president posted a flashy 25-second