Author: admin
Brands Brace for Impact as TikTok Faces Criticism
Amid debate in Washington over whether TikTok should be banned if its Chinese owner doesn’t sell it, one group is watching with particular interest: the many brands — particularly in the beauty, skin care, fashion, and health and wellness industries — that have used the video app to boost their sales. Youthforia, a makeup brand […]
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Reddit Experiences 38% Surge as Shares Hit the Market
Reddit shares surged about 38% on Thursday in their stock market debut, indicating strong investor interest that could pave the way for more tech companies to go public this year. The social media company’s stock opened at $47, up from its IPO price of $34, pushing its market cap to $9.2 billion. Founded in 2005 […]
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Navigating the Complex Landscape: The Myriad Challenges Confronting Apple
For over a decade, Apple has enjoyed a virtually flawless record. The iPhone propelled it to become the world’s top company, the App Store nurtured businesses like Uber and Airbnb, and new products expanded its presence in health, Hollywood, and finance. However, challenges are mounting. The Justice Department recently filed an antitrust lawsuit against Apple […]
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Apple Faces Lawsuit for Allegedly Maintaining iPhone Monopoly in the U.S.
The Justice Department and 16 state attorneys general filed an antitrust lawsuit against Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people. The government argued that Apple violated antitrust laws by preventing other companies […]
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How Reddit’s I.P.O. Highlights the Success of Content Moderation
Redditors were outraged by these changes — and Mr. Wong’s replacement as CEO, Ellen Pao, was driven out by a swarm of angry users — but the company’s transition to respectability was a clear success. Reddit’s reputation has steadily improved under a co-founder, Steve Huffman, who returned in 2015 to lead the site as CEO, […]
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Conde Nast’s Shareholders to Make $1.4 Billion from Reddit Deal
The internet has not been kind to Condé Nast, the publisher of starry magazines, like Vogue and Vanity Fair, whose fortunes and influence have waned in the digital age. But while the web taketh, it occasionally giveth, too. The Newhouse family, the media dynasty that controls Condé Nast through its holding company, Advance Publications, is […]
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Reddit Sets I.P.O. Price at $34 per Share, a Promising Indicator for Tech Sector
Reddit on Wednesday priced its shares at $34 for its initial public offering, two people with knowledge of the matter said. The pricing was at the high end of expectations, in a sign of investor demand for growing tech companies. The San Francisco-based social media company had estimated that its shares would be priced at […]
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Avian Adventures: The Best Mobile Games for Bird Lovers
Parrots have much in common with toddlers. The brainy birds can learn to recognize colors and shapes, manipulate objects, build large vocabularies and make their needs known at improbably high volumes. They are also playful, intelligent and curious; without ample cognitive enrichment, they quickly become bored. So owners of pet parrots sometimes turn to a […]
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Beware: Tech Companies Are Not Your Friends – Insights from Roku
This month, a significant number of the 80 million Roku device owners experienced an unexpected block of text when they turned on their streaming devices. The message included updated terms of service that restricted customers’ ability to take legal action against the company. Users were essentially locked out of their devices and apps until they […]
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Intel Secures $8.5 Billion in Grants for Construction of Chip Plants
President Biden is expected to announce that his administration will award up to $8.5 billion in grants to Intel to bolster semiconductor production in the U.S. during a tour of battleground states. This investment is part of an effort to re-establish the nation as a leader in semiconductor manufacturing. The grants are part of a […]
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