Category: Technology
amazon: Amazon must face California lawsuit claiming its prices are too high
A California judge has rejected Amazon.com Inc’s bid to dismiss the state’s antitrust lawsuit accusing the online retailer of illegally forcing merchants to accept policies that result in artificially high prices for consumers. California sufficiently alleged that Amazon’s policies “have had the anticompetitive effect of raising prices on competing retail marketplaces as well as on ...
samsung: Samsung considers chip test line in Japan for advanced chip packaging
South Korea’s Samsung Electronics Co Ltd is considering setting up a chip test line in Japan, five people said, to bolster its advanced packaging business and forge closer ties with Japanese makers of semiconductor equipment and materials. It would be the first such test line in Japan for Samsung, the world’s largest maker of memory ...
ftc: Elon Musk tried to meet with FTC Chair about Twitter but was rebuffed
Elon Musk tried engaging with the Federal Trade Commission as the agency intensified an investigation into Twitter’s privacy and data practices, according to documents reviewed by The New York Times, in a sign of the billionaire’s hands-on approach to the inquiry. Musk, who owns Twitter, asked to meet with FTC Chair Lina Khan but was ...
google nclat order: Google may find ways to go around NCLAT order upholding CCI fine, say Indian startups
US technology leader Google may find loopholes to sidestep a fine upheld by a bankruptcy appeals court, key executives at some Indian startups have said. The National Company Law Appellate Tribunal (NCLAT) had on Wednesday upheld a Rs 1,338-crore fine imposed by the Competition Commission of India (CCI) against Google. The appellate tribunal had, however, ...
Sam Bankman-Fried: FTX’s Sam Bankman-Fried pleads not guilty to campaign finance, China bribery charges
Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty on Thursday to new U.S. charges of conspiring to violate campaign finance laws and bribe Chinese authorities. Bankman-Fried, 31, entered the plea to the new, 13-count indictment through his lawyer, Mark Cohen, at a hearing before U.S. District Judge Lewis Kaplan in Manhattan federal court. ...
web3 polytrade funding: DeFi startup Web3 Polytrade raises $3.8 million in funding from Alpha Wave, Matrix Partners, others
Web3 Polytrade, which aims to streamline global trade supply chains using blockchain, has raised $3.8 million in a seed round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures. Singularity Ventures, GTM Ventures and other angel investors also participated in the round. The startup operates in the decentralised finance (DeFi) space. Polytrade said ...
Tiktok video: In hundreds of TikTok videos, its users defend the app
The latest viral trend on TikTok is defending TikTok. “Now is the time to fight the ban on TikTok,” read a caption of a TikTok video that was posted on Thursday about the app’s future. “#savetiktok #keeptiktok” “Do I believe TikTok should be banned? No,” Rep. Alexandria Ocasio-Cortez, D-N.Y., said Friday in her first TikTok ...
Uber programme: Uber looks to foster equal opportunity for students with disabilities
Mobility platform Uber has expanded the scope of its She++ initiative to promote diversity and inclusion beyond binary gender. The programme was launched in 2019 to provide early-in-career opportunities for women to intern with the firm’s engineering teams, network with business leaders and get a glimpse into what a career in technology looks like. This ...
fifa: ‘FIFA’ publisher EA to cut 6% of workforce, reduce office space
Electronic Arts Inc said on Wednesday it would lay off about 6% of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts. Technology firms have led the latest round of layoffs as US companies brace for a potential economic downturn amid rising interest rates around the world. ...
good glamm akshay kumar: Good Glamm group, actor Akshay Kumar enter into JV for selling men’s care products
Direct-to-consumer beauty and personal care startup Good Glamm group has set up a joint venture with Bollywood actor Akshay Kumar to sell personal care and wellness products for men. The company is expected to launch its product range by the middle of this year. Kumar and the Good Glamm Group will invest capital and work ...