By Brian Fung, CNN Business Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from siphoning off personal information from more than 500 million Facebook users in a 2019 data leak. Monday’s announcement marked the fourth time in about a year that Facebook’s parent company has been
Continue ReadingBy Catherine Thorbecke, CNN Business Sunday officially marks one month since the world’s richest man took the helm at Twitter. In that time, Elon Musk initiated mass layoffs and gave remaining staffers a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched — then punted — a plan to
Continue ReadingBy Juliana Liu, CNN Business A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of
Continue ReadingBy Chris Isidore, CNN Business Elon Musk is ready to try his troubled new verification system for Twitter once again. This time, in color. The CEO of Twitter announced – via a tweet of course – that Twitter will roll out its tentatively launching Verified on Friday next week. There’s changes to the program that
Continue ReadingBy Michelle Toh, CNN Business Hikvision, a leading Chinese surveillance company, has denied suggestions that it poses a threat to Britain’s national security after the UK government banned the use of its camera systems at “sensitive” sites. The restrictions, announced Thursday, will prevent authorities from installing technology that is produced by companies subject to China’s
Continue ReadingCNN By Michelle Toh, CNN Business Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control of critical infrastructure. Last week, the new owner of Britain’s biggest chipmaker was ordered to unwind its takeover, just days after another chip factory
Continue ReadingBy Michelle Toh, CNN Business Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control of critical infrastructure. Last week, the new owner of Britain’s biggest chipmaker was ordered to unwind its takeover, just days after another chip factory sale
Continue ReadingCNN By Oliver Darcy, CNN New Twitter owner Elon Musk declared last month that “hate speech impressions” had dramatically fallen on the platform since he took over. It was a remarkable claim, given that Musk has executed mass layoffs and chased away hundreds of employees, draining the company of much-needed resources to enforce content moderation
Continue ReadingBy Clare Duffy and Catherine Thorbecke, CNN Business Elon Musk said Thursday that he will begin restoring most previously banned accounts on Twitter starting next week, in his most wide-reaching move yet to undo the social media platform’s policy of permanently suspending users who repeatedly violated its rules. “The people have spoken,” Musk tweeted on
Continue ReadingBy Brian Fung, CNN House Republicans say TikTok may have misled congressional staff in private briefings about the company’s handling of US user data, in a new letter to the short-form video app this week. The letter dated Tuesday and addressed to TikTok CEO Shou Zi Chew reflects the latest escalation by US lawmakers as
Continue ReadingCNN By CNN’s Beijing bureau and Jake Kwon, CNN Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in
Continue ReadingBy CNN’s Beijing bureau and Jake Kwon, CNN Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the
Continue ReadingBy Catherine Thorbecke, CNN Business HP Inc. announced on Tuesday that it will lay off thousands of workers over the next three years, becoming the latest tech company to significantly downsize staffing amid a souring economic climate. The computer maker disclosed the major job cuts in a statement accompanying its lackluster quarterly earnings report on
Continue ReadingBy Brian Fung, CNN The federal government took another big swipe at illegal robocalls on Tuesday, as it moved to block a voice provider from the entire US phone network for the very first time. The order by the Federal Communications Commission targets Global UC, a company that claims to serve more than 200 businesses
Continue ReadingCNN By Clare Duffy, CNN Business Much of Twitter’s ad sales team has been fired or pushed out. Large companies from General Mills to Macy’s have paused advertising on the platform, with more potentially following suit after new owner Elon Musk’s decision to restore the account of former President Donald Trump and other controversial figures.
Continue ReadingBy Clare Duffy, CNN Business Much of Twitter’s ad sales team has been fired or pushed out. Large companies from General Mills to Macy’s have paused advertising on the platform, with more potentially following suit after new owner Elon Musk’s decision to restore the account of former President Donald Trump and other controversial figures. And
Continue ReadingCNN, LAYOFFS.FYI, FACEBOOK, GETTY IMAGES, AARON BACKMAN By Brian Fung, CNN Business Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from siphoning off personal information from more than 500 million Facebook users in a 2019 data leak. Monday’s announcement marked the fourth time in about a
Continue ReadingBy Catherine Thorbecke, CNN Business While much of Silicon Valley is grappling with hiring freezes and job cuts, at least one social media company is still planning to keep hiring: TikTok. The short-form video app remains committed to its goal of hiring nearly 1,000 engineers at its Mountain View office, a person familiar with the
Continue ReadingBy Brian Fung, CNN Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new owner, Elon Musk. Musk declared on Friday that Jones’ account will not be restored, in spite of some users’ requests, and spent the weekend defending the decision even as Twitter moved
Continue ReadingCNN By Brian Fung, CNN Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new owner, Elon Musk. Musk declared on Friday that Jones’ account will not be restored, in spite of some users’ requests, and spent the weekend defending the decision even as Twitter
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