By Jennifer Korn, CNN Business TikTok announced Tuesday that it will strengthen efforts to regulate dangerous content, including harmful hoaxes and content that promotes eating disorders and hateful ideologies. The platform plans to use creators to spread awareness of negative hoaxes, broaden the scope of banned eating disorder content and add clarity on prohibited speech
Continue ReadingBy Jennifer Korn, CNN Business Apple on Tuesday said it plans to introduce a contactless payment option later this year that will let businesses use iPhones to process transactions in stores without any additional hardware, competing with services like Square. The new “Tap to Pay” feature will allow US merchants of all sizes to accept
Continue ReadingBy Jackie Wattles, CNN Business Four years ago this week, the most powerful operational rocket in the world, SpaceX’s Falcon Heavy, made its inaugural launch from Florida and tore into outer space carrying nothing other than Elon Musk’s personal Tesla roadster. The cherry red sports car — which is occupied by a spacesuit-clad mannequin nicknamed
Continue ReadingCNN By Jackie Wattles, CNN Business Four years ago this week, the most powerful operational rocket in the world, SpaceX’s Falcon Heavy, made its inaugural launch from Florida and tore into outer space carrying nothing other than Elon Musk’s personal Tesla roadster. The cherry red sports car — which is occupied by a spacesuit-clad mannequin
Continue ReadingBy Matt McFarland, CNN Business Cruise, the self-driving subsidiary of General Motors, started offering robotaxi rides this week in San Francisco. Anyone can sign up for the chance to be selected to get a ride in a self-driving car, provided they don’t mind staying up late. Cruise’s robotaxis are generally only operating from 11 p.m.
Continue ReadingCNN By Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker’s acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around the world have long raised concerns
Continue ReadingCNN By Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker’s acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around the world have long raised concerns
Continue ReadingCNN By Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker’s acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around the world have long raised concerns
Continue ReadingBy Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker’s acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around the world have long raised concerns about
Continue ReadingBy Clare Duffy, CNN Business Peter Thiel, one of Facebook’s longest-serving and most controversial board members, plans to step down from the company’s board later this year, the company said Monday. Thiel, an early investor in Facebook, has served on the board of the company, now known as Meta, since 2005, one year after the
Continue ReadingBy Rachel Metz, CNN Business The Internal Revenue Service is halting a plan that would have required taxpayers to verify their identities with facial recognition software before signing on to its website following backlash from lawmakers and privacy groups. The IRS said in a statement Monday that it will “transition away from using a third-party
Continue ReadingBy Brian Fung, CNN Business Amazon is dramatically increasing salary caps for its US-based technology and corporate workforce, in a nod to how the pandemic has exacerbated an already fierce competition for talent nationwide. The e-commerce and cloud computing giant announced in an internal blog post Monday that the company’s maximum base pay in the
Continue ReadingCNN By Jackie Wattles, CNN Business Up to 40 of SpaceX’s Starlink satellites are expected to fall out of orbit thanks to some inopportune timing: The company launched the satellites directly into a solar storm. A batch of 49 Starlink internet satellites were on SpaceX’s latest launch on February 3, and now the company is
Continue ReadingBy Jackie Wattles Video by Gabe Ramirez Tim Ellis, an unassuming 31-year-old with glasses who shuffles around his sprawling rocket factory in designer sneakers, has what every space company founder longs for: a seemingly endless well of investors willing to pour money into his company. Relativity Space, the rocket startup Ellis co-founded in 2015 after
Continue ReadingBy Rachel Metz, CNN Business Meta, the parent company of Facebook, has a new feature aimed at cutting down on harassment and assault in virtual reality: It will give avatars in its Horizon Worlds social app and Horizon Venues events app an invisible “personal boundary” of four feet to stop others from getting too close.
Continue ReadingBy Sean Lyngaas News Corp suffered a “persistent cyberattack,” the company said Friday, and investigators believe Chinese spies may be responsible. Dozens of journalists at the News Corp-owned Wall Street Journal were targeted in the hack, which appeared to focus on reporters and editors covering China-related issues, two people familiar with the matter told CNN.
Continue ReadingBy Sara Ashley O’Brien, CNN Business Last year, an improbable organizing effort among Amazon warehouse workers in a central Alabama suburb led to a high-profile push to create what would have been the first US union in Amazon’s history. While the vote indicated the union push had failed, the results were thrown out. Now workers
Continue ReadingBy Diksha Madhok, CNN Business The historic collapse in Meta’s shares this week has wiped $31 billion off Mark Zuckerberg’s personal wealth, taking him down three places on Bloomberg’s list of the world’s richest people. He now stands in 10th place on the Bloomberg Billionaires Index, behind Oracle co-founder Larry Ellison and just a few
Continue ReadingBy Hannah Ritchie and Jill Disis, CNN Business Billionaire mining magnate Andrew Forrest is taking legal action against Facebook in Australia after he claims the company failed to remove scam advertisements that used his image. Facebook was “criminally reckless” because it did not take “sufficient steps to stop criminals from using its social media platform
Continue ReadingBy Clare Duffy, CNN Business Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the company announced along with its earnings report Thursday. The price of a monthly subscription will also increase from $12.99 to $14.99. The company said it is increasing the price
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