ITSE
LinkedIn cuts over 700 jobs, exits China app as demand wavers
May 8 (Reuters) – LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins …
Twitter makes first interest payment on Musk buyout debt – Bloomberg News
Jan 30 (Reuters) – Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. Twitter paid a group of seven banks, led by Morgan Stanley, …
Musk says he would reverse Twitter ban on Donald Trump
May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc …
Comedian Dave Chappelle attacked on stage at Hollywood Bowl
LOS ANGELES, May 4 (Reuters) – Comedian Dave Chappelle was attacked on stage on Tuesday night at the Hollywood Bowl in Los Angeles by an assailant who tackled him to the ground before being apprehended and arrested, video footage verified by Reuters showed. The New York Times reported that Chappelle, 48, left the stage following …
Panic buying in Beijing as district starts mass COVID testing
Beijing kicks off first of three rounds of mass testing in populous district Mass testing fuels concerns of shortages of food, supplies Chinese stock market down on fears Beijing may join Shanghai in lockdown BEIJING, April 25 (Reuters) – Beijing residents snapped up food and other supplies as the city’s biggest district began mass COVID-19 …
Western companies head for the exit in Russia as sanctions tighten
BP to exit Rosneft stake worth $25 billion Pressure on other energy companies to follow suit Shares hit in firms with Russian assets Some Russian banks shut out from SWIFT Europe, Canada close airspace, Russia retaliates Feb 28 (Reuters) – Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined …
Breaking up Big Tech in focus as new U.S. antitrust bills introduced
The U.S. Capitol is seen at sunrise. Washington, U.S. January 11, 2021. REUTERS/Erin Scott A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of …
Apple opens its video conferencing software to Windows, Android
Apple Inc (AAPL.O)on Monday showed updates to its FaceTime video chat app, adding the ability to schedule calls with multiple attendees and making the software compatible with Android and Windows devices. The move, which puts Apple in more direct competition with companies like Zoom Video Communications Inc (ZM.O)that gained prominence during the pandemic, was the …
U.S. tech giant shares unmoved on G7 tax deal
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo Shares in U.S. technology giants were flat to slightly lower in premarket trading, little changed by the landmark global minimum corporate tax dealagreed between the world’s richest nations. The Group of Seven (G7) advanced economies agreed on Saturday to back a …