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Monthly Archives: January 2024
Elon Musk’s $56B Tesla pay deal is unfair, judge rules
A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history. The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that … Continue reading
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Yelp uses AI to look at reviews and businesses can’t edit or opt-out
Yelp began in July 2004 in San Francisco, CA, and was founded by Jeremy Soppelman and Russel Simmons. Today, the company announced over 20 updates for consumers and business owners, and they will deploy artificial intelligence (AI) to “describe what … Continue reading
NY attorney general files lawsuit against Citibank for failing to protect customers from online fraud
New York Attorney General Letitia James has initiated a lawsuit against Citibank, citing the bank’s inadequate response to protecting its customers from online fraud and its refusal to reimburse those who suffered financial losses due to unauthorized transactions. The lawsuit … Continue reading
PayPal joins tech layoff wave with major workforce reduction
PayPal is set to layoff approximately 9% of its workforce, a move announced by CEO Alex Chriss in a recent letter to staff, as per a recent Bloomberg report. This decision comes as the company faces increasing competition, profit pressures, … Continue reading
Expect a big decline in the Apple iPhone 16 shipments this year
A prominent Apple analyst anticipates a considerable decrease in iPhone shipments this year. An analyst with Barclays stated in January that nothing unique about the iPhone 16 series would help turn around the device’s falling demand. The analyst downgraded Apple … Continue reading
Ofcom report finds 1 in 5 harmful content search results were ‘one-click gateways’ to more toxicity
Move over, TikTok. Ofcom, the U.K. regulator enforcing the now official Online Safety Act, is gearing up to size up an even bigger target: search engines like Google and Bing and the role that they play in presenting self-injury, suicide … Continue reading
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Elon Musk: Judge blocks ‘unfathomable’ $56bn Tesla pay deal
The lawsuit was filed by a shareholder who argued that it was an inappropriate overpayment.
Zuckerberg among tech bosses to testify on child safety
Senators say Meta, X, TikTok, Discord and Snap are not doing enough to protect children online.
Universal Music Group plans to pull song catalog from TikTok
Universal Music Group (UMG), the label representing artists including Taylor Swift, Billie Eilish, and Ariana Grande, says that it’ll pull its music from TikTok tomorrow at midnight after failing to reach a deal with the platform’s parent company, ByteDance, over … Continue reading
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Amid a fairly flat European market, Giant Ventures raises $250M to invest transatlantically
Giant Ventures, a UK-based VC that has made a habit of investing on both sides of the Atlantic, is launching two new funds, totalling $250 million. It’s previous fund had totalled $100 million. The firm invests across climate, health, and what … Continue reading
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