Microsoft to cut thousands of jobs: Reports

Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports..The expected layoffs would be the latest in the US technology sector, where companies including Amazon.com Inc (AMZN.O)
18 January 2023, 06:26 AM

Mobile operators must pay their dues: BTRC chairman

Four private telecom operators -- Grameenphone, Banglalink, Robi, and Airtel -- owe an amount of Tk2,413 crore to the government which remains due as VAT on 2G spectrum fees and licence fees, said the Bangladesh Telecommunication Regulatory Commission (BTRC).
15 January 2023, 19:27 PM

Musk faces US fraud trial over Tesla tweet

Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California.
14 January 2023, 02:53 AM

Meta bans ads targeted at teens based on gender

Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users..Beginning in February, the social media giant said advertisers, the source of the company
11 January 2023, 03:06 AM

US apex court lets WhatsApp pursue Pegasus spyware suit

The US Supreme Court on Monday let Meta Platforms Inc's WhatsApp pursue a lawsuit accusing Israel's NSO Group of exploiting a bug in the WhatsApp messaging app to install spy software allowing the surveillance of 1,400 people, including journalists, human rights activists and dissidents.
9 January 2023, 19:55 PM

Tesla slashes prices in Asian markets as sales stumble

Tesla (TSLA.O) cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the world's largest autos market.
7 January 2023, 07:19 AM

Twitter hacked, email addresses of 200 million users leaked

Hackers stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum, a security researcher said Wednesday.
6 January 2023, 04:13 AM

Canada court approves class action alleging Facebook ad discrimination

A Canadian court of appeal will allow a class action suit to be brought by social media users accusing Facebook of age, gender and race discrimination in online advertisements, the plaintiffs' lawyer said Wednesday..The class action could see the social media giant paying damages to thousa
5 January 2023, 03:13 AM

Amazon job cuts to exceed 18,000 roles, CEO says

Amazon.com Inc's (AMZN.O) layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday..The layoff decisions, which Amazon will communicate starting Jan. 18, will largely im
5 January 2023, 03:02 AM

Twitter down for thousands of users

Thousands of Twitter users reported an outage on Wednesday, according to tracking sites Downdetector.com and Netblocks, but the issue appeared to be resolving, with error messages and missing tweets reappearing.
29 December 2022, 02:20 AM

Musk says nearly 100 Starlinks 'active' in Iran

Nearly 100 Starlink internet terminals are currently operating in Iran, SpaceX chief Elon Musk said Monday..The tycoon had promised to bring the satellite internet network to the country in September as Iranian authorities imposed increasingly severe access restrictions, in a move activist
27 December 2022, 03:19 AM

China's ByteDance admits using TikTok data to track journalists

Employees of Chinese tech giant ByteDance improperly accessed data from social media platform TikTok to track journalists in a bid to identify the source of leaks to the media, the company admitted Friday.
23 December 2022, 11:29 AM

Meta to settle Cambridge Analytica scandal case for $725m

Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information.
23 December 2022, 08:49 AM

Musk says will step down as Twitter CEO after replacement found

Elon Musk said on Tuesday he will step down as chief executive of Twitter after finding a replacement.
21 December 2022, 02:40 AM

Musk searching for new Twitter CEO: CNBC

Billionaire Elon Musk is actively searching for a new chief executive officer for Twitter Inc, CNBC reported on Tuesday, citing sources.
20 December 2022, 15:49 PM

Xiaomi to slash 15 percent of jobs: report

China's Xiaomi Corp (1810.HK) has started laying off workers in several units of its smartphone and internet services business, reducing its workforce by about 15 percent, the South China Morning Post reported on Tuesday..The Hong Kong newspaper cited social media posts by affected employe
20 December 2022, 06:03 AM

Musk's poll shows Twitter users want him out as CEO

A poll by Elon Musk on whether he should quit as Twitter CEO showed the majority of users of the social media platform who took part voted in favor of the move, after the poll ended on Monday..About 57.5% votes were for “Yes”, while 42.5% were against the idea of Musk stepping down as the
19 December 2022, 11:56 AM

Musk asks Twitter users to decide his future as CEO

Elon Musk appeared to put his future in charge of Twitter on the line, posting a poll asking whether he should step down and vowing to abide by the results.
19 December 2022, 11:42 AM

Twitter to ban users from posting links to rival social platforms

Twitter announced Sunday it would no longer allow users to promote their accounts on several rival social media platforms including Facebook and Instagram, but the site's mercurial owner Elon Musk appeared to backtrack on the new policy just hours later.
19 December 2022, 03:31 AM

Will restore suspended Twitter accounts of journalists: Musk

Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists that were suspended after he accused them of endangering his family.
17 December 2022, 08:13 AM