By Rishi Iyengar, CNN Business Russia has spent months either driving out American tech firms or watching them leave of their own accord over its war in Ukraine. But the country now finds itself stuck in a stalemate with one big tech company: Google. Many of Google’s services, including search, maps, Gmail and, perhaps most
Continue ReadingBy Michelle Toh, CNN Business Amazon is shutting down its Kindle bookstore in China, marking another retreat by a Western tech giant in the world’s second biggest economy. The company announced Thursday that starting July 2023, Kindle users will not be able to buy online books in the country. Existing customers will be able to
Continue ReadingBy Rishi Iyengar, CNN Business Microsoft is leaving the door open to employees who want to form or join a union. The tech giant will “respect” the right of its workers to organize and is “committed to creative and collaborative approaches” to work with unions, according to Microsoft’s president and vice chair, Brad Smith. “Recent
Continue ReadingCatherine Thorbecke, CNN Business For much of her first decade at Facebook, Sheryl Sandberg’s public stature grew alongside the size and influence of the company she helped run. As second-in-command to Facebook cofounder Mark Zuckerberg, she oversaw the massive growth of its core advertising business while positioning herself as an icon of corporate feminism. When
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business Elon Musk issued his most direct threat yet to walk away from his purchase of Twitter on Monday, openly accusing the social media company of breaching the merger agreement by not providing the data he has requested on spam and fake accounts. In a letter to Twitter’s head
Continue ReadingBy Catherine Thorbecke, CNN Business A former employee at digital marketplace OpenSea has been hit with the first-ever charges related to an alleged insider trading scheme involving digital assets, authorities announced Wednesday. Nathaniel Chastain, a former product manager at OpenSea, was charged with one count of wire fraud and one count of money laundering related
Continue ReadingCNN, CNN BUSINESS Catherine Thorbecke, CNN Business For much of her first decade at Facebook, Sheryl Sandberg’s public stature grew alongside the size and influence of the company she helped run. As second-in-command to Facebook cofounder Mark Zuckerberg, she oversaw the massive growth of its core advertising business while positioning herself as an icon of
Continue ReadingBy Brian Fung and Rishi Iyengar, CNN Business Sheryl Sandberg is stepping down as chief operating officer of Facebook-parent Meta, the company confirmed on Wednesday. In a post on Facebook, Sandberg did not disclose the reason for her departure from the company, which will take place in the fall. Sandberg said she planned to focus
Continue ReadingBy Catherine Thorbecke, CNN Business Instagram on Wednesday began rolling out an Amber Alert feature on its platform to notify users of missing children in their area. The alerts, which will be available in the United States and two dozen other countries, will include details about the missing child, such as a photo, description and
Continue ReadingBy Chris Isidore, CNN Business Elon Musk is demanding that Tesla office workers return to in-person work or leave the company. The policy, disclosed in leaked emails Musk sent to Tesla’s executive staff Tuesday, was first reported by electric vehicle news site Electrek. “Anyone who wishes to do remote work must be in the office
Continue ReadingBy Brian Fung, CNN Amazon has sharply criticized a looming antitrust bill in Congress that it says unfairly targets the company and could degrade its customers’ experience. In a blog post Wednesday, Amazon VP of Public Policy Brian Huseman alleged that a bill led by Sen. Amy Klobuchar in the Senate and Rep. David Cicilline
Continue ReadingCNN By Brian Fung and Ariane de Vogue, CNN The Supreme Court of the United States temporarily blocked a sweeping Texas law on Tuesday that restricts the ability of Facebook, Twitter and YouTube to moderate content on their platforms. By a 5-4 vote, the justices granted an emergency request from the tech industry to block
Continue ReadingBy Brian Fung and Ariane de Vogue, CNN The Supreme Court of the United States temporarily blocked a sweeping Texas law on Tuesday that restricts the ability of Facebook, Twitter and YouTube to moderate content on their platforms. By a 5-4 vote, the justices granted an emergency request from the tech industry to block a
Continue ReadingBy Clare Duffy, CNN Business Elon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large stake in Twitter last month, prior to agreeing to buy the social media company. On April 4, the same day that Musk initially revealed he had bought up a more
Continue ReadingBy Samantha Murphy Kelly, CNN Business A fuschia Bentley drives down a twisty desert road toward the entrance of the Neon Carnival, an after-party held each year during Coachella. Paris Hilton has arrived. Her hair is in pigtails, twisted in part with white flowers, and she’s wearing a sparkly pink romper that matches her platform
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business A fuschia Bentley drives down a twisty desert road toward the entrance of the Neon Carnival, an after-party held each year during Coachella. Paris Hilton has arrived. Her hair is in pigtails, twisted in part with white flowers, and she’s wearing a sparkly pink romper that matches her
Continue ReadingBy Samantha Murphy Kelly, CNN Business Millions of students who participated in virtual learning during the Covid-19 pandemic had their personal data and online behaviors tracked by educational apps and websites without their consent and in many cases shared with third-party advertising technology companies, a new report has found. Human Rights Watch, an international advocacy
Continue ReadingBy Brian Fung, CNN Business Twitter has agreed to pay $150 million in fines after the US government sued the social media company on Wednesday, alleging that it misled consumers about how it protects their personal data. According to the federal lawsuit, Twitter failed to tell its users for years that it used their contact
Continue ReadingBy Jackie Wattles, CNN Business Boeing’s Starliner spacecraft made a safe return home from its five-day stay at the International Space Station on Wednesday, concluding a long-awaited test mission that could pave the way for the Starliner to launch astronauts for the first time later this year. After detaching from its port at the ISS
Continue ReadingBy Clare Duffy, CNN Business Twitter on Wednesday held what could be its last annual shareholder meeting as a public company for a long time after Elon Musk agreed to take it private in a $44 billion deal. But the meeting took place against the backdrop of ongoing drama over Musk’s attempts to pause the
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