Founder of TikTok owner ByteDance steps down Via CNBC.com: ByteDance founder Zhang Yiming has stepped down as chairman, as the company continues to reorganize its business, a person with direct knowledge of the matter told CNBC. ByteDance owns TikTok, the wildly popular short-video app. Zhang announced his resignation as the CEO of ByteDance in May and said he would move into a strategy role this year. Liang Rubo, who took […]
Elon Musk says Tesla has not signed contract with Hertz yet Via CNBC.com: Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz. The tweet from Musk seemingly contradicted a prior announcement and advertisement released by Hertz on Oct. 25. Famously, Tesla hit a $1 trillion market cap for the first time a week ago after […]
Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion Via CNBC.com: Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs. Apple fell under 3% in extended trading. “We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,” […]
Facebook changes company name to Meta Via CNBC.com: Facebook on Thursday announced that it has changed its company name to Meta. The name change was announced at the Facebook Connect augmented and virtual reality conference. The new name reflects the company’s growing ambitions beyond social media. Facebook, now known as Meta, has adopted the new moniker, based on the sci-fi term metaverse, to describe its vision for working and playing in […]
Ransomware gang says it targeted National Rifle Association Via AP News: A ransomware gang believed to operate out of Russia says it hacked the National Rifle Association, the most powerful gun-rights group in the United States. The gang, which calls itself Grief, published a handful of what appear to be the NRA files on a dark web site. The files, reviewed by The Associated Press, relate to grants the NRA […]
House Republicans demand internal research from Snap, TikTok and YouTube on teen mental health Via CNBC.com: House Republicans are asking Snap, TikTok and Google’s YouTube for internal research on how their products affect teens’ mental health, in letters to be sent on Monday. The letters, led by House Energy and Commerce Committee ranking member Cathy McMorris Rodgers, R-Wash., come one day before executives from each company are set to testify […]
YouTube is about to pull its apps from Roku Via CNBC.com: YouTube is leaving Roku. And now the fight between the two companies has caught the attention of members of Congress attempting to push their Big Tech antitrust legislation. After a months-long fight between Roku and YouTube’s parent company Google, Google announced Thursday that it would no longer allow Roku customers to download the YouTube or YouTube TV apps to […]
Senator asks Facebook CEO to testify on Instagram and kids Via AP News: The senator leading a probe of Facebook’s Instagram and its impact on young people is asking Facebook CEO Mark Zuckerberg to testify before the panel that has heard far-reaching criticisms from a former employee of the company. Sen. Richard Blumenthal, D-Conn., who heads the Senate Commerce subcommittee on consumer protection, called in a sharply worded letter Wednesday […]
Trump announces social media platform launch plan Via CNBC.com: Former President Donald Trump announced Wednesday he will be launching his very own media network, including a social media platform called “TRUTH Social,” in order to “stand up to the tyranny of Big Tech.” The app appears to be the first project of the Trump Media and Technology Group (TMTG), which will list on the Nasdaq through a merger with Digital World Acquisition […]
