Day: March 4, 2024
Former Twitter Executives File $128 Million Lawsuit Against Elon Musk
Four ex-Twitter execs sued Elon Musk on Monday. They claim he withheld $128 million in severance pay after firing them in his 2022 takeover. Musk axed Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett when he bought Twitter for $44 billion. He renamed it X. The execs had contracts entitling them to severance if […]
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Dune Sequel Sparks Extravagant Celebration in Silicon Valley
In a top-floor atrium in downtown San Francisco on Thursday evening, tech workers from Google, Slack, X and Mozilla mingled next to a pair of cardboard cutouts of Timothée Chalamet and Zendaya. Dustin Moskovitz, a Facebook founder, chatted as others sipped from cannily named cocktails like the Fremen Mirage (gin, coconut Campari, sweet vermouth) and […]
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Google Resolves Smaller Legal Disputes in Anticipation of Future Antitrust Battles
In December, Google spent a whopping $700 million to resolve states’ claims that its Play Store had strong-armed app makers into high fees and tough terms. About six weeks later, Google shelled out $350 million to settle a lawsuit accusing it of improperly sharing users’ private information. Early this week, a Massachusetts company called Singular […]
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Apple slapped with record $2 billion fine by E.U. for anti-competitive practices within App Store
Apple was fined 1.8 billion euros ($1.95 billion) by E.U. regulators for hindering competition among music streaming rivals. The penalty is a result of a five-year investigation initiated by Spotify. Regulators accused Apple of using its App Store dominance to exclude rivals. “For a decade, Apple abused its dominant position in the market for music […]
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Unveiling Anthropic Challenges: OpenAI and Google Introduce New Chatbot Technology
Anthropic, a prominent A.I. start-up, launched its latest Claude chatbot version on Monday, claiming superiority over competitors like Google and OpenAI on various benchmark tests. According to Dario Amodei, Anthropic’s CEO and co-founder, the new Claude 3 Opus technology excels in analyzing scientific data and generating computer code. Anthropic is a key player in generative […]
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Under Pressure: Tech Giants Forced to Change Amid Global Regulations
Big Tech companies like Apple, Amazon, Google, Microsoft, and Meta have faced increasing regulatory scrutiny around the world. This has led to changes in their technology offerings, particularly in Europe where users have noticed differences in devices and social media features. These companies are also adjusting their business strategies and data-sharing practices in response to […]
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The Disintegration of Apple’s App Store: A Result of Regulations
Since the launch of the App Store in 2008, Apple has maintained a consistent approach to running it across 175 countries, including the standard 30 percent commission on app sales. This has resulted in significant economic success, with sales surpassing $1 trillion, millions of jobs created, and billions of dollars in profits for Apple. However, […]
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