Business

Elon Musk, the new owner of Twitter, announced on November 21 that the social media platform is delaying the return of its blue check membership service, delaying his initial estimated schedule for reintroducing the service on the platform. Musk tweeted, “Delaying relaunch of Blue Verified until there is great confidence in preventing imitation.” “Most likely will utilize a separate color …

Elon Musk stated on Wednesday that he planned to minimize his time at Twitter and eventually pick a successor to oversee the social media company, adding that he intended to finish a reorganization this week. Musk made the comments while appearing in a Delaware court to defend himself against allegations that his $56 billion pay package at Tesla Inc. was …

Alphabet’s Google will pay $391.5 million to settle 40 states’ claims that it illegally tracked the movements of users, the Michigan attorney general’s office announced on November 14. The investigation and settlement, which were spearheaded by Oregon and Nebraska, are indicative of the tech giant’s escalating legal woes from state attorneys general who have aggressively attacked the company’s user monitoring …

Twitter suspended sign-ups for a new paid checkmark system and reinstated a gray “official” badge on some accounts on Friday (November 11) to combat the proliferation of fraudulent accounts following Elon Musk’s takeover. The U-turn was the most recent in a series of turbulent developments at the social network, which has vacillated on the issue of account verification since Musk’s …

Apple Inc. and Amazon.com Inc. were accused on Wednesday in an antitrust complaint of conspiring to increase iPhone and iPad pricing by banning practically all alternative resellers of new Apple products from Amazon’s website. The proposed class action in federal court in Seattle challenged a deal that went into effect in January 2019, under which Apple gave Amazon discounts of …

Singapore has been impacted by global layoffs by social media company Meta, according to sources and posts on the professional networking website LinkedIn. Based on a tally of LinkedIn posts and The Straits Times’s sources, there are at least ten affected employees in Singapore. The layoffs will effect around 13% of Facebook’s parent company’s 87,000-person global workforce, or 11,000 employees. …

Meta Platforms Inc META.O announced on Wednesday that it will lay off 13% of its workforce, or more than 11,000 workers, in one of the year’s largest layoffs, as the Facebook parent company confronts rising costs and a sluggish advertising market. The large layoffs, the first in Meta’s 18-year history, come after hundreds of layoffs at other prominent digital companies, …

On October 14, a 23-year-old employee of Paris Baguette died during a graveyard shift at a food industry facility. The employee was pulled into a machine that combines sauce while operating the machine. Coworkers did not uncover her dead until the following morning. The bakery’s poor handling of the case sparked criticism, as administrators attempted to profit on the victim’s …

The Wall Street Journal stated that Meta Platforms Inc’s chief executive Mark Zuckerberg informed hundreds of executives on Tuesday that layoffs would begin on Wednesday morning. Zuckerberg sounded despondent at Tuesday’s meeting and admitted he was responsible for the company’s errors and that his overconfidence in the company’s development led to overstaffing, according to the newspaper and others familiar with …

To accommodate a COVID-driven shift in corporate travel for CEOs like Jerome Harris — the abandonment of one-day business visits in favor of longer stays – airlines throughout the world are revising flight schedules and introducing new routes. As a result of a pandemic-inspired reevaluation of his travel patterns, Harris, who resides in Sydney, no longer undertakes laborious one-day journeys …