By Brian Fung, Clare Duffy and Donie O’Sullivan, CNN Business Billionaire Elon Musk and Twitter CEO Parag Agrawal did not sit for depositions Monday as part of an ongoing merger lawsuit despite earlier scheduling notices filed in a Delaware court, marking another twist in a closely watched case about the future of one of the
Continue ReadingCNN By Clare Duffy, CNN Business When Parag Agrawal took over as Twitter’s CEO last November following co-founder Jack Dorsey’s surprise resignation from the role, he was little known outside the company. Ten months later, Agrawal has featured prominently in a whistleblower disclosure, been rebuked by name in a Congressional hearing and fielded criticism from
Continue ReadingBy Brian Fung, CNN The UK said Monday it could impose a multimillion-dollar fine on TikTok after the government found the short-form video platform may have violated children’s privacy. The potential fine of £27 million, or about $29 million, follows an investigation by the UK’s data privacy regulator, which found that over the course of
Continue ReadingCNN, CNN BUSINESS By Brian Fung, CNN The UK said Monday it could impose a multimillion-dollar fine on TikTok after the government found the short-form video platform may have violated children’s privacy. The potential fine of £27 million, or about $29 million, follows an investigation by the UK’s data privacy regulator, which found that over
Continue ReadingBy Diksha Madhok, CNN Business Apple has started making its new iPhone 14 in India, as the technology giant looks to diversify its supply chain away from China. While the company manufactures the bulk of its products in China, it has decided to start producing its latest devices in India much earlier than with previous
Continue ReadingBy Rachel Metz, CNN Business “Salt” resembles many science-fiction films from the ’70s and early ’80s, complete with 35mm footage of space freighters and moody alien landscapes. But while it looks like a throwback, the way it was created points to what could be a new frontier for making movies. “Salt” is the brainchild of
Continue ReadingBy Catherine Thorbecke, CNN Business When Iranian authorities pulled the plug on the internet in 2019 amid anti-government protests, the international community struggled to track the civilian carnage that followed. The people of Iran had taken to the streets to demonstrate after fuel prices surged as much as 300% overnight. The New York Times reported
Continue ReadingBy Jennifer Korn If you liked “Guitar Hero” but wished it had more brass instruments, you’re in luck. A new rhythm game called “Trombone Champ” has struck a chord with users online, bringing the kind of much-needed levity to the internet that only a trombone can. Numerous videos have been shared on social media in
Continue ReadingCNN By Catherine Thorbecke, CNN Business It began by mailing out DVDs, then evolved to become a production and streaming powerhouse. Now Netflix appears to be making its next big bet on the future of gaming. The streaming giant is building its first in-house video game studio in Helsinki, Finland, as it expands its empire
Continue ReadingBy Catherine Thorbecke, CNN Business Kittyhawk, the electric air taxi startup backed by Google co-founder Larry Page, announced Wednesday that it plans to “wind down” operations. “We have made the decision to wind down Kittyhawk. We’re still working on the details of what’s next,” the company wrote in a brief statement shared on its LinkedIn
Continue ReadingBy Brian Fung, CNN Amazon founder Jeff Bezos and CEO Andy Jassy must testify in an ongoing Federal Trade Commission probe into whether the company misled people into subscribing to Amazon Prime and other services, the agency said Wednesday. The decision follows earlier Amazon claims that FTC staff were harassing the two men and imposing
Continue ReadingCNN By Brian Fung, CNN Business Florida has asked the Supreme Court to rule on whether states may force social media companies to host content they would rather remove — setting up a potential landmark battle over digital speech rights and content moderation that could reshape the country’s relationship with the First Amendment. In a
Continue ReadingBy Brian Fung, CNN Business Florida has asked the Supreme Court to rule on whether states may force social media companies to host content they would rather remove — setting up a potential landmark battle over digital speech rights and content moderation that could reshape the country’s relationship with the First Amendment. In a petition
Continue ReadingBy Jennifer Korn, CNN Business Live-streaming giant Twitch on Tuesday said it will take additional steps to crack down on unlicensed gambling content on its platform after facing backlash from some of its top creators. The Amazon-owned service plans to prohibit gambling sites from streaming on the platform if they are not licensed in the
Continue ReadingBy Catherine Thorbecke, CNN Business Nearly one year after Microsoft launched its flagship Windows 11, the tech giant has officially rolled out its first major update to the operating system. The update, which is available for free for current Windows 11 users, was released in more than 190 countries on Tuesday. Many of the new
Continue ReadingBy Brian Fung, CNN TikTok has begun to require “mandatory verification” for political accounts based in the United States and will be prohibiting all political fundraising on its short-video platform, the company said Wednesday. The changes could affect the way many of the company’s millions of US users engage with political content ahead of the
Continue ReadingBy Reuters Saudi Arabia is planning to launch two astronauts to the International Space Station aboard a space capsule from Elon Musk’s SpaceX, becoming the latest Gulf nation to strengthen ties with private U.S. space companies, according to three people familiar with the arrangement. The sources, speaking anonymously to discuss the mission’s crew before its
Continue ReadingCNN By Reuters Saudi Arabia is planning to launch two astronauts to the International Space Station aboard a space capsule from Elon Musk’s SpaceX, becoming the latest Gulf nation to strengthen ties with private U.S. space companies, according to three people familiar with the arrangement. The sources, speaking anonymously to discuss the mission’s crew before
Continue ReadingBy Brian Fung, CNN The Federal Trade Commission is taking a closer look at Amazon’s proposed acquisition of iRobot, the company that produces the Roomba series of automated vacuum cleaners, according to a financial disclosure on Tuesday. On Monday, the FTC requested more information from both companies about the $1.7 billion deal, according to an
Continue ReadingCNN By Jennifer Korn, CNN Business Hackers have stolen around $160 million worth of cryptocurrency from crypto market maker Wintermute, the company said Tuesday. The incident marks the latest in a growing list of large crypto thefts this year. The hack is said to have targeted Wintermute’s decentralized finance (DeFi) operations, according to a series
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