Business

Adidas AG said on Thursday, November 24 that it has opened an inquiry into claims of inappropriate behavior by Kanye West, after terminating its association with the rapper and fashion designer last month. Adidas reportedly launched the investigation after receiving an anonymous letter containing many charges against the rapper, now known as Ye. Following an article in Rolling Stone detailing …

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 …

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 …

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, …