The Federal Trade Commission has ordered video game company Epic Games to pay a total of $520 million in penalties and refunds, after complaints involving the privacy of children and tricking players…
Chinese Firms Avoid Delisting as U.S. Regulator Given Access to Audit Papers
Chinese companies have handed U.S. regulators access to audit papers for the first time, easing fears that tech giants like Alibaba and JD.com will be kicked off the country’s stock exchanges. The…
Musk Sell Further $3.6bn Worth of Tesla Shares
Elon Musk has sold another $3.6 billion worth of shares in electric car maker Tesla, bringing the total value of shares he has sold in the company this year to more than…
U.S. Scientists Make Nuclear Fusion Breakthrough
Scientists at the National Ignition Facility at the Lawrence Livermore National Laboratory in California have reportedly made a breakthrough in their mission to unlock the potentially limitless energy of nuclear fusion, by…
Apple Announces iCloud Backup Encryption
Apple has announced it will offer users the ability to encrypt iCloud data on its servers, including backups, photos and notes. The new feature, called Advanced Data Protection, will prevent Apple from…
Meta Oversight Board Criticizes Company Over VIP Moderation Treatment
Meta, the parent company of Facebook, has been recommended by its own Oversight Board that its system of applying different moderation rules to VIP users risks harming everyday users. A nearly-50-page advisory…
DoorDash is Latest Tech Company to Announce Job Cuts
Delivery company DoorDash has announced it will cut 1,250 jobs, as it becomes the latest major technology player to reel in spending. DoorDash CEO Tony Xu wrote in a note to employees…
Retailers Set New Black Friday Sales Record
Retailers in the United States enjoyed record-setting online sales on Black Friday, despite concerns over inflated prices and a looming recession. Consumers spent $9.12 billion on Friday, according to Adobe Analytics, an…
Bitcoin Hits Two-Year Low as FTX Fallout Continues
Bitcoin hit a two-year-low on Tuesday, as the cryptocurrency market struggles to recover from the collapse of one of its biggest exchanges, FTX. The price of a single Bitcoin hit $15,480 this…
Twitter Closes Offices Following Musk Ultimatum
Twitter has closed its offices until next week, amid reports that hundreds of employees have resigned following an ultimatum by new owner Elon Musk. Employees at the company were told offices would…