Technology News: Updated News on IT, Mobile, Computer and Auto

Elon Musk Promises to Build New Smartphone if Google and Apple Remove Twitter App From Phones

Right from the moment Musk completed the acquisition, it was clear that the change of leadership at Twitter would be hugely consequential and controversial.

Nov 26, 2022

By Jacob J

Elon musk

20,000 Foxconn Workers Quit China Plant After Unrest; Apple Faces iPhone 14 Delivery Stress Ahead of Holidays

Production of Apple products like iPhone 14 may drop at least by 30 percent due to the staff unrest, analysts say.

Nov 25, 2022

By Jacob J

Disgraced FTX CEO Sam Bankman-Fried Has No Stake in Twitter Now, Says Elon Musk

Semafor publication first reported that Sam Bankman-Fried owned a stake in Musk's Twitter.

Nov 24, 2022

By IBTimes APAC Desk

Elon musk

Google Job Cuts: Reports Say Alphabet Laying Off 10,000 Staff as Sundar Pichai Trims Costs

Alphabet, which has 187,000 employees, reported third quarter net profit of $13.9 billion, which was a 27 percent drop from a year earlier.

Nov 22, 2022

By Jacob J

Twitter headquarters building, San Francisco

Hundreds of Employees Resign from Twitter After Musk Gives Performance 'Ultimatum'

Musk, in his memo to employees, had written that 'going forward, to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore'.

Nov 18, 2022

By IBTimes APAC Desk

Elon musk

Amazon to Lay Off 10,000 Employees As Growth hits Slowest Rate in Decades and Losses Rise

The October earnings had missed analysts' revenue expectations even as the company gave a bleak fourth quarter guidance. Amazon shares have lost 40 percent so far this year.

Nov 15, 2022

By Jacob J

Elon Musk Risks More Regulatory Action After Mocking Massachusetts Senator Ed Markey Over $8 Twitter Blue Tick

Massachusetts Senator Ed Markey shot a letter to the new Twitter CEO, slamming him for launching $8 Blue service with verification.

Nov 14, 2022

By IANS

Elon musk

Twitter Heading Into Bankruptcy? Elon Musk Issues Dire Warning Over Cash Flow Crisis

The mercurial tech billionaire has said he won't rule out Twitter filing for bankruptcy in the next year unless it generates more cash and cuts spending.

Nov 11, 2022

By Jacob J

Elon musk

Here's Why Musk Offloaded $4 Billion Worth of Tesla Shares; Five Key Points

Over the last year, Tesla shares have turned weaker, alongside Musk's paring of his stake in one of the world's most valued companies.

Nov 9, 2022

By Jacob J

Elon musk

Twitter Tells Advertisers Its User Growth is at All-Time High Under Musk

Musk said last week that Twitter has seen a massive drop in revenue as activist groups were putting undue pressure on its advertisers.

Nov 8, 2022

By IANS

Elon musk

Meta Downturn Worsens, Zuckerberg to Announce Thousands of Job Cuts - Report

There has been increasing pressure from shareholders to cut jobs and streamline operations in order to remain competitive.

Nov 7, 2022

By Jacob J

Mark zuckerberg

Twitter Slapped With Class Action Lawsuit After Firing 3,700 Employees Following Musk Takeover

According to reports, Twitter plans to reduce as many as 3,700 headcount, which will be about half the workforce currently.

Nov 5, 2022

By Jacob J

Elon musk

Jack Dorsey, CEO of Square and CEO of Twitter, speaks during an interview

Here's WHY Jack Dorsey Retains His Billion-Dollar Share in Twitter; FIVE Key Points

There were serious tensions between Dorsey and the Twitter board in the run-up to the takeover bid by Musk in April 2022.

Nov 1, 2022

By Jacob J

Elon musk

Musk Will NOT Pay Hefty Compensation to Parag Agrawal, Sacked Twitter Executives - Report

Musk fired the executives on taking charge of the company in order to demonstrate 'cause' of their having breached company policies.

Oct 30, 2022

By Jacob J

Elon musk

Here's How Elon Musk Raised $44 Billion to Complete the Twitter Purchase

Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs.

Oct 28, 2022

By Reuters

Elon musk

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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Technology News: Updated News on IT, Mobile, Computer and Auto

Elon Musk Promises to Build New Smartphone if Google and Apple Remove Twitter App From Phones

20,000 Foxconn Workers Quit China Plant After Unrest; Apple Faces iPhone 14 Delivery Stress Ahead of Holidays

Disgraced FTX CEO Sam Bankman-Fried Has No Stake in Twitter Now, Says Elon Musk

Google Job Cuts: Reports Say Alphabet Laying Off 10,000 Staff as Sundar Pichai Trims Costs

Hundreds of Employees Resign from Twitter After Musk Gives Performance 'Ultimatum'

Amazon to Lay Off 10,000 Employees As Growth hits Slowest Rate in Decades and Losses Rise

Elon Musk Risks More Regulatory Action After Mocking Massachusetts Senator Ed Markey Over $8 Twitter Blue Tick

Twitter Heading Into Bankruptcy? Elon Musk Issues Dire Warning Over Cash Flow Crisis

Here's Why Musk Offloaded $4 Billion Worth of Tesla Shares; Five Key Points

Twitter Tells Advertisers Its User Growth is at All-Time High Under Musk

Meta Downturn Worsens, Zuckerberg to Announce Thousands of Job Cuts - Report

Twitter Slapped With Class Action Lawsuit After Firing 3,700 Employees Following Musk Takeover

Here's WHY Jack Dorsey Retains His Billion-Dollar Share in Twitter; FIVE Key Points

Musk Will NOT Pay Hefty Compensation to Parag Agrawal, Sacked Twitter Executives - Report

Here's How Elon Musk Raised $44 Billion to Complete the Twitter Purchase

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's