The social media platform Instagram was accused of pro-Palestinian messages during the recent Gaza conflict and now the company is trying to changing the way it showcases content. The company said that the current system provides for giving precedence for original content in its “stories” feature compared to posts that contained existing or re-shared content.…
In a report, Japan’s Nikkei newspaper said, around 20 Japanese companies, including electronic component maker Ibiden Co, will collaborate with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan. Fifty percent of $337 million (37 billion yen), the cost of the research facility, will be borne by the Japanese government In February,…
On Monday, in a statement Intel Corp said, it could take several years before the global chip shortage is resolved. The issue has resulted in the closure of some auto production lines and is felt in other industries as well, including consumer electronics. During a virtual session at the the Computex trade show in Taipei,…
The British car maker Rolls-Royce will customize its cars according to the wishes of a customer if the company executives like the ideas and if the customer is willing to shell out the additional money. This is a growing trend among ultra-luxury carmakers, including Bentley and Porsche that have started to work with a limited…
Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…
According to an e-mai, Apple Inc will delay the launch of its podcast subscription service until next month, following a few podcast creators having delay issues with their shows appearing on its platform after upload. Earlier this year in April, Apple had said it was introducing a service that would let podcast creators charge for their…
A resurgence of interest in the “lab leak” theory of the origin of Covid-19 has prompted the social media company Facebook to lift a ban on posts that claim that Covid-19 was man-made. Its new policy comes “in light of ongoing investigations into the origin”, said the company. Posts with such claims was explicitly banned…
The European Union has demanded millions of euros in penalties from AstraZeneca Plc if the company is unable to meet an urgent order for more doses of its Covid-19 vaccine as the bloc renewed its criticism of the British company over its vaccine supply “failure”. This is also the latest round of a bitter legal…
The football superstar and the brand ambassador of the United States based sportswear giant Nike Neymar allegedly “refused to co-operate in a good faith investigation” into an allegation of sexual assault against an employee and this the company has stopped working with Brazilian footballer, the company said. The alleged incident happened in 2016 and was…
The British auto data startup Wejo which is supported by the United States based auto giant General Motors Co, was accorded a valuation of $800 million including debt in a reverse merger deal with blank-check company Virtuoso Acquisition Corp for it to go public, the companies said on Friday. The companies added that the deal…
business-gurus.com 