Donald Trump declared in October that he was going to start a new technological firm. “I created Truth Social… to stand up to the tyranny of big tech,” he said. “We live in a world where the Taliban has a huge presence on Twitter yet your favourite American president has been silenced.” The software was…
Elon Musk, the CEO of Tesla Inc, unveiled a 9.2 per cent stake in micro blogging site Twitter Inc, worth about $3 billion, putting him as the microblogging site’s largest stakeholder and causing its stock to surge more than 20%. Musk’s move comes just days after he tweeted that he was “considering” creating a new social media…
Meta allegedly paid a political consulting agency to “undermine” TikTok, according to the CEO of a political consulting firm. According to internal emails obtained by the Washington Post, Targeted Victory’s effort attempted to portray TikTok “as a menace to American children.” The Post’s piece misrepresented their work, according to Zac Moffatt, and “major parts are…
According to a senior US official and two people familiar with the subject, the US administration began informally warning some American companies the day after Russia invaded Ukraine that Moscow could modify software produced by Russian cybersecurity company Kaspersky to wreak harm. The confidential briefings are part of a larger campaign by Washington to prepare…
Top-selling Mattel Inc products such as Mega Bloks will now be manufactured in Mexico, as the American company becomes the latest to relocate its supply chain closer to home following Asia’s slowdown caused by the coronavirus pandemic outbreak. Mattel stated in mid-March that it had invested approximately a billion pesos ($50 million) in developing a plant in Nuevo…
Volkswagen (VW) has scaled back its operations in Shanghai, which has been shut down owing to an outbreak of Covid-19 infections. On Thursday, the German automaker partially shut down its facility in the Chinese city, citing supply problems. Over a dozen companies have cancelled their ambitions to list their stock in the major financial centre.…
On Tuesday, Johnson & Johnson said that it would stop selling personal care goods in Russia, joining a growing list of corporations that have scaled back their operations in the nation in response to Russia’s invasion of Ukraine. Because pharmaceuticals and medical devices are exempt from Western sanctions, J&J said it would continue to supply…
In just 11 months since joining Intel Corp in February last year, Chief Executive Officer Pat Gelsinger earned 1,711 times the average worker at the U.S. chipmaker, according to a regulatory filing released on Wednesday. Former CEO Bob Swan earned 217 times more than the typical Intel employee in 2020 than Gelsinger. In 2021, Gelsinger…
OPEC+ will keep politics out of its decision-making, according to Saudi Arabia’s oil minister, in favour of the “common good” of stabilizing energy prices. Following Russia’s invasion of Ukraine, governments and international organisations around the world imposed punitive sanctions and severed economic ties with the country, but OPEC — the intergovernmental organisation of 13 oil…
Sony plans to introduce a new video game subscription service this summer in order to boost sales of its PlayStation consoles and compete with Microsoft’s comparable offering. The business said on Tuesday that it will combine its existing PlayStation Plus and PlayStation Now subscription services into a single PlayStation Plus subscription service. The new PlayStation…
business-gurus.com 