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

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 headquarters building, San Francisco

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

Elon Musk Owns and Cleans Up Twitter; Fires CEO Parag Agrawal and Vijaya Gadde; Donald Trump Return Next?

Musk had said he would review Twitter's arbitrary 'content moderation' policy and bring in a more maximalist approach that would favor free speech.

Oct 28, 2022

By Jacob J

Elon musk

microsoft new standards of safe windows 10 pc

Microsoft Cloud Exceeds $25 Billion in Sales, GitHub Garners $1 Billion With 90 Million Users

In the September quarter, Microsoft Cloud again exceeded $25 billion in revenue, up 24 per cent year-over-year.

Oct 26, 2022

By IANS

Apple Vs Meta: The Ad Money War Escalates as IPhone Maker Puts 30% Tax on 'Post Boosting' on Facebook and Instagram

The latest move by Apple worsens its long battle of attrition with Meta, which owns Facebook and Instagram.

Oct 26, 2022

By Jacob J

Apple ios

US Arrests 2 Chinese Intelligence Officers in Connection With Probe Into Huawei

For years, the telecom giant, which allegedly has close ties with the Chinese military, has been in the crosshairs of the US government.

Oct 25, 2022

By Jacob J

Huawei

Twitter shares drop after fall in user numbers

Twitter Shares Plunge as Elon Musk's Bid Comes Under US Review Over National Security

The report that the US government could use a key committee to review the takeover on national security grounds was severely negative for Twitter shares.

Oct 21, 2022

By Jacob J

Elon musk

Elon Musk Plans to Lay Off 75% of Twitter Staff; Completion of Takeover Imminent

Elon Musk's cost cutting plan will see a whopping 75 percent of Twitter's 7,5000 employees walking up the garden path.

Oct 21, 2022

By Jacob J

Elon musk

Microsoft Cuts 1,000 Jobs; Employees Take to Twitter and Blind to Share News

The move is yet another example of large tech companies cutting jobs after earlier moving to slow or freeze hiring as the broader economy cools.

Oct 19, 2022

By IANS

TikTok Owner ByteDance to Spend $3 Billion to Buy Back Stock From Employees at Higher Price

The company is offering $155 per share, which is significantly above $142 offered in the buyback earlier this year.

Oct 12, 2022

By Jacob J

Maverick Investor Carl Icahn Makes $250 Million Windfall Gain on Twitter Shares; Here's How

According to WSJ's estimates, Icahn purchased around 14 million shares of Twitter, which amounts to close to 2 percent of the company.

Oct 6, 2022

By Jacob J

Elon musk

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5 Bangladeshis charged for financing terror attacks to appear in court

India's Myopic Trust in Bangladesh Needs a Critical Relook

By IBTimes SG Desk

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

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

Elon Musk Owns and Cleans Up Twitter; Fires CEO Parag Agrawal and Vijaya Gadde; Donald Trump Return Next?

Microsoft Cloud Exceeds $25 Billion in Sales, GitHub Garners $1 Billion With 90 Million Users

Apple Vs Meta: The Ad Money War Escalates as IPhone Maker Puts 30% Tax on 'Post Boosting' on Facebook and Instagram

US Arrests 2 Chinese Intelligence Officers in Connection With Probe Into Huawei

Twitter Shares Plunge as Elon Musk's Bid Comes Under US Review Over National Security

Elon Musk Plans to Lay Off 75% of Twitter Staff; Completion of Takeover Imminent

Microsoft Cuts 1,000 Jobs; Employees Take to Twitter and Blind to Share News

TikTok Owner ByteDance to Spend $3 Billion to Buy Back Stock From Employees at Higher Price

Maverick Investor Carl Icahn Makes $250 Million Windfall Gain on Twitter Shares; Here's How

India's Myopic Trust in Bangladesh Needs a Critical Relook

India's Myopic Trust in Bangladesh Needs a Critical Relook

An Unholy Convergence: How Power Politics Trumped Islamic Solidarity in the Middle East

An Unholy Convergence: How Power Politics Trumped Islamic Solidarity in the Middle East

Poverty Porn: West's Selective Obsession and India's Economic Realities

Poverty Porn: West's Selective Obsession and India's Economic Realities