SOCMED
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 …
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 …
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 …
Facebook, Twitter told to open databases in Russia by July -Ifax
Facebook (FB.O), Twitter (TWTR.N) and other social networks must have databases of Russian users on Russian territory by July 1 or face fines, the Interfax news agency cited communications regulator Roskomnadzor as saying on Wednesday. Russia is considering legislation that would force foreign technology companies to open offices in Russia or face penalties such as …
Canada says reiterated to U.S. that it plans a digital services tax – minister
Canada’s Minister of Small Business, Export Promotion and International Trade Mary Ng speaks during Question Period in the House of Commons on Parliament Hill, as efforts continue to help slow the spread of the coronavirus disease (COVID-19), in Ottawa, Ontario, Canada April 20, 2020. REUTERS/Blair Gable/File Photo Canada reiterated to the United States that it …
Police break up Brussels anti-lockdown party
Police fired water cannon and tear gas in a Brussels park on Saturday to break up an anti-lockdown party of several hundred people designed to defy coronavirus social distancing rules. The crowd of mostly young people responded to a post on Facebook announcing the unauthorised party. It took place a month after police cleared 2,000 …