Meta says it may shut down Facebook and Instagram in Europe Via CNBC.com: Meta has said it is considering shutting down Facebook and Instagram in Europe if it can’t keep transferring user data back to the U.S. The social media giant issued the warning in its annual report last Thursday. Regulators in Europe are currently drawing up new legislation that will dictate how EU citizens’ user data gets transferred across […]
Facebook’s $237.6 billion fall sets record for largest one-day value drop Via CNBC.com: Facebook parent Meta lost more than $237 billion in value Thursday. That’s the biggest one-day drop in value in the history of the U.S. stock market. Meta’s plunge, based on a weaker-than-expected revenue forecast, topped the prior record set by Apple, when it lost $182 billion in market value in September 2020. The seven biggest drops in […]
Microsoft to buy Activision in $68.7 billion all-cash deal Via CNBC.com: Microsoft announced Tuesday it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. The price means Microsoft will pay $95 per share for Activision. Activision’s stock ended the day up more than 25%, closing at $82.31 per share on Tuesday. Microsoft’s shares closed down more than 2%. This would be Microsoft’s largest acquisition to date, […]
Foreign airlines cancel some U.S. flights despite 5G deal Via CNBC.com: Several foreign airlines are canceling flights to the U.S. over concerns about 5G interference, despite a last-minute commitment from telecom giants Verizon and AT&T to delay the deployment of the new service near some airports. Japan Airlines, All Nippon Airways and Emirates Airline said Tuesday some flights to the U.S. will be suspended. Dubai-based Emirates said affected destinations are […]
Major U.S. airline CEOs warn 5G could ground some planes, wreak havoc Via CNBC.com: The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis on Wednesday when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable and “could potentially strand tens of […]
Most Democrats want social media censorship: poll Via Just The News: Just over half of all Americans want free speech on social media, but a majority of Democrats want content offensive to "some people" to be censored, according to a Rasmussen Reports poll released Monday. The survey found that 51% of American adults believe social media platforms such as Facebook and Twitter should "allow free speech without interference," down from […]
Facebook delays return to office until March, Covid-19 boosters required Via CNBC.com: Facebook parent Meta Platforms said on Monday it is delaying employees’ return to offices across the U.S. until March 28 — adding that proof of a booster shot will be required to protect against the surging omicron variant. Meta said on Monday the pushback of the return-to-office date gives employees more flexibility regarding their work arrangements amid the […]
FAA identifies dozens of airports affected by 5G rollout Via RT.com: The Federal Aviation Administration (FAA) has released a list of US airports that will have 5G buffer zones around them following concerns that expansion of the network could interfere with aircraft safety systems. Two of the country’s largest telecom firms, AT&T and Verizon, are struggling to roll out their “game changing” C-band 5G networks as they negotiate with government […]
Social media app Parler plans to expand into NFTs Via Reuters: Social media platform Parler said on Monday it will expand its business into non-fungible tokens (NFT), in a move that underpins the rapid growth of the digital asset in recent months. An NFT, which is a digital asset usually bought with cryptocurrencies or in dollars, encompasses everything from images, videos to text. The ownership record is tracked on the […]
