Consumer Watchdog Moves to Place Google Under Federal Supervision for the First Time
The Consumer Financial Protection Bureau (CFPB) has begun the process of placing Google under federal supervision, a bold step that could set new precedents for how the U.S. government oversees the growing influence of tech giants. If successful, this initiative would...
NLRB Stands Up for Workers’ Rights: Amazon’s Anti-Union Meetings Are Out
The National Labor Relations Board (NLRB) has determined that Amazon’s practice of holding mandatory “captive-audience meetings” to share anti-unionization views is a violation of the National Labor Relations Act (NLRA). This decision marks a pivotal moment in labor rights,...
Trump’s Re-Election Sends US Stocks to New Heights, Boosting Dollar and Bitcoin
US stocks surged to record highs, while the dollar and Bitcoin also posted impressive gains after Donald Trump’s unexpected re-election victory, marking a significant turning point in the global markets. As Wall Street celebrated the political shift, investors were betting...
AI-Powered Search Gains Ground: Google Expands Summaries Across 100 Countries
Google has announced an exciting expansion of its AI Overviews feature in Search, making it available to users across more than 100 countries. In a recent blog post, the tech giant revealed its ambitious goal to reach 1 billion users each month with this innovative tool,...
Ads Galore: Amazon Prime Video Plans More Commercials in 2024—At an Extra Cost
Amazon Prime Video is ramping up its advertising efforts, with changes set to roll out early next year. This news, reported by the Financial Times, follows a less-than-a-year-old initiative where ads were first introduced on the platform.
The growing trend of advertising...
Data Breach Fallout: EU Slaps LinkedIn with Massive Fine Over Privacy Violations
In a landmark ruling, the European Union has fined LinkedIn €310 million (approximately $334 million) after the Irish Data Protection Commission (DPC) found the platform guilty of mishandling members’ personal data for targeted advertising. This hefty penalty...
A Raise Amidst the Ruins: Nadella’s $79.1 Million Pay Increase Sparks Controversy at Microsoft
CEO Satya Nadella’s compensation package has surged by 63%, totaling a staggering $79.1 million. This substantial increase comes despite a backdrop of mass layoffs and significant cybersecurity breaches that have plagued the tech giant.
Compensation Breakdown Amidst...
Alphabet Backs Waymo with Billions: Autonomous Taxis Headed to Austin and Atlanta
Waymo, the autonomous driving subsidiary of Alphabet, has successfully raised $5.6 billion in an oversubscribed investment round, marking a significant milestone in the company’s journey towards expanding its driverless taxi services. This latest funding, largely backed by...
Qualcomm’s Stock Dips as Arm Scraps License, Opening a New Chapter in the Legal War
Arm Holdings Plc has announced the cancellation of its architectural license agreement with Qualcomm Inc. The move, which has sent shockwaves through the semiconductor industry, could significantly impact both companies, as well as the broader smartphone and personal...
Second Layoff Wave Hits Dropbox: Sluggish User Growth and Macro Challenges Spur 20% Job Cuts
For the second time in under two years, Dropbox is undergoing significant workforce cuts, this time laying off 20% of its employees, equivalent to 528 jobs. This latest round of layoffs, announced in a blog post by CEO Drew Houston, reflects the company’s response to ongoing...
