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Home Business (page 17)

Business

Business News Today: Get all the Latest Business News, Market News, Asian and International Business News on the Asian Affairs.

Volkswagen has stopped all paid Twitter activity

By The Asian Affairs
November 24, 2022
in :  Business, Technology, World
volkswagen has stopped all paid twitter activity

According to a statement released by the firm on Wednesday, all paid activity on Twitter associated with Volkswagen brands have been suspended until further notice. Following Elon Musk’s takeover of the platform, Volkswagen, which owns Audi along with VW, Seat, Cupra, Lamborghini, Bentley, Ducati, and Porsche, announced earlier this month that it had recommended to the brands that they pause …

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Musk wants video calls on Twitter

By The Asian Affairs
November 23, 2022
in :  Business, Technology, World
musk wants video calls on twitter

The Verge got a recording of an internal Twitter meeting in which new owner Elon Musk participated. Musk discussed his plans for “Twitter 2.0,” specifically its messaging functions, during a meeting on November 22, according to the site. Musk stated that he desires encrypted texting, video chats, and voice calls. Musk was quoted by The Verge as saying, “We want …

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Musk delays blue check verification on Twitter

By The Asian Affairs
November 22, 2022
in :  Business, Technology, World
musk delays blue check verification on twitter

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 …

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Elon Musk says he will replace Twitter’s CEO

By The Asian Affairs
November 17, 2022
in :  Business, Technology, World
Elon Musk says he will replace Twitter's CEO

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 …

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Google to pay $400 million to settle US location-tracking probe

By The Asian Affairs
November 15, 2022
in :  Business, Criminal, Technology
Google to pay $400 million to settle US location-tracking probe

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 …

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Twitter is scrambling to stop the spread of fake accounts

By The Asian Affairs
November 12, 2022
in :  Business, Technology, World
Twitter is scrambling to stop the spread of fake accounts

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 …

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Lawsuit alleges Apple and Amazon conspired to hike iPhone and iPad pricing.

By The Asian Affairs
November 10, 2022
in :  Business, Criminal, Technology, World
Lawsuit alleges Apple and Amazon conspired to hike iPhone and iPad pricing.

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 …

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Meta cuts 11,000 positions worldwide, including Singapore

By The Asian Affairs
November 10, 2022
in :  Business, Singapore, Technology
Meta cuts 11,000 positions worldwide, including Singapore

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. …

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Facebook parent Meta to cut almost 11,000 staff in 2022’s largest US layoffs

By The Asian Affairs
November 10, 2022
in :  Business, Economy, Technology, World
Facebook parent Meta to cut almost 11,000 staff in 2022's largest US layoffs

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, …

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Employee’s death sparks Paris Baguette boycott

By The Asian Affairs
November 9, 2022
in :  Business, Criminal, South Korea
Employee's death sparks Paris Baguette boycott

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 …

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