January 23, 2024
US regulator admits cyber-security lapse before rogue Bitcoin post
The US financial regulator has confirmed a key security procedure on its X account had been suspended for six months when hackers made a fake post about Bitcoin in January. The cryptocurrency surged in value before the post was deleted.The…
January 18, 2024
Spotify attacks Apple’s ‘outrageous’ 27% commission
Spotify has launched an outspoken attack on new transaction fees of up to 27% being levied by Apple in the US.On Wednesday, Apple announced it would permit app developers to sell products in places other than its store - but only if they still paid…
January 15, 2024
AI to hit 40% of jobs and worsen inequality, IMF says
Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF).IMF's managing director Kristalina Georgieva says "in most scenarios, AI will likely worsen overall inequality". Ms…
January 10, 2024
Amazon slashes jobs at Twitch, MGM and Prime
Amazon is to axe hundreds of staff across its subsidiaries Twitch, Prime Video and MGM studios. More than 500 Twitch employees - a third of the streamer's workforce - will be laid off, according to a note from chief executive Dan Clancy.Amazon said…
January 9, 2024
Apple pays out claims it deliberately slowed down iPhones
Apple has begun making payments in a long-running class action lawsuit over claims it deliberately slowed down certain iPhones in the US.Complainants will receive a cut of a $500m (£394m) settlement which works out to around $92 (£72) per claim.…
December 13, 2023
Virgin advert banned by watchdog
A Virgin Media advert has been banned for misleading customers into thinking the firm offered faster Wi-Fi than its rivals.The ad boasted it had the "fastest Wi-Fi guarantee of any major provider". Virgin said it found the ruling "slightly…
December 5, 2023
Could X go bankrupt under Elon Musk
Elon Musk's profane attack on advertisers boycotting X, formerly known as Twitter, has baffled experts. If advertisers keep leaving and don't come back, can X survive? In April, I sat down with Musk for the first of his many chaotic interviews about…
December 3, 2023
Meta takes down China-based network of thousands of fake accounts
Meta says it recently removed a network of thousands of fake and misleading accounts based in China.The users posed as Americans and sought to spread polarising content about US politics and US-China relations.Among the topics the network posted…
November 24, 2023
Chipmaker Broadcom completes $69bn deal to buy VMware
Computer chipmaker Broadcom has completed its $69bn (£55bn) acquisition of cloud computing firm VMware, wrapping up one of the biggest takeover deals in the technology sector. The deal was scrutinized by regulators around the world ahead of the last…
November 18, 2023
White House criticizes Elon Musk over ‘hideous’ antisemitic lie
The White House has accused Elon Musk of repeating a "hideous lie" about Jewish people after the X owner appeared to respond approvingly to an antisemitic post on the platform. On Wednesday, Mr. Musk replied to a post sharing an antisemitic…