Elon Musk is putting his ideas into action after acquiring Twitter for $44 billion. Tesla CEO Elon Musk has told banks that he intends to reduce compensation for board members and executives in order to get finance for the purchase. According to insiders, Musk also proposed ideas for monetizing tweets.Continue Reading
(Reuters) – BEIJING – On Friday, China hinted an easing of its grip on the once-freewheeling digital industry as President Xi Jinping sought to support the economy in the face of growth-sapping COVID-19 lockdowns, sending shares of online giants soaring. In a meeting presided over by Xi, China’s powerful PolitburoContinue Reading
Baidu and Pony.ai have been granted authorization to run their autonomous vehicles in Beijing without the use of safety drivers, a first for robotaxi services in China (via CNBC). Although neither company need a driver, they will still want a supervisor to be present somewhere in the car. Baidu andContinue Reading
Several countries are transitioning to 5G technology as the technology matures. However, with that proving to be a success, many are wanting to migrate to 6G as quickly as possible. The issue has piqued the interest of technology corporations and even governments. 6G connection contains performance standards such as aContinue Reading
(Reuters) According to three people familiar with the matter, Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he would cut executive and board pay at the social media company in an effort to cut costs, and that he would developContinue Reading
As the first half of the tech earnings season comes to a close, one recurring theme has been the digital ad market’s fragility. The situation in Ukraine, increasing prices, Apple’s privacy measures, and a general decrease in ad spending all contributed to Facebook, Google, Amazon, and Twitter reporting poor revenueContinue Reading
Following El Salvador’s acceptance of Bitcoin as a national currency last year, the Central African Republic (CAR) has become the second country to do so. According to Reuters and BBC News, the government of the Central African Republic claims that a bill to adopt Bitcoin was voted unanimously by theContinue Reading
Twitch is rumoured to be looking to increase income from top streamers. Top Twitch streamers are outraged at reports that the Amazon-owned network is planning to decrease pay-outs in its partnership programme to improve profitability. Twitch is mulling a variety of adjustments, according to Bloomberg News, in order to generateContinue Reading
Apple recently issued a warning to developers, stating that if they do not update their App Store apps within the next month, they would be withdrawn. The change, which has angered some developers, appears to be part of Apple’s “App Store Improvement” initiative, which aims to improve the quality andContinue Reading
The news that Twitter had accepted Elon Musk’s purchase bid boosted the price of dogecoin on Monday afternoon. Following the revelation that Twitter might be bought by a corporation controlled by Tesla CEO Elon Musk, the meme cryptocurrency rose by as much as 27%. Dogecoin just increased by 24.3 percent.Continue Reading
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