Instagram temporarily rolls back shift to full-screen videos and recommended content after celebrities complain, as parent Meta faces intense pressure
TECHNOLOGY POWERING BUSINESS
News Marketing
Amazon Posts Second Straight Loss After Rivian Stake Writedown
Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of the value of its stake in Rivian
Alphabet Misses Earnings Forecast, But Pleases With Strong Ad Performance
Narrow miss on quarterly results gives hope Alphabet is in a decent position to weather the economic slowdown impacting others
Meta Posts First Ever Revenue Decline, Amid Intense Pressures
CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline
Twitter Hacker Seeks $30,000 For Stolen Data On 5.4 Million Users
Investigation begins after hacker seeks buyers for personal data of 5.4 million Twitter users, reportedly stolen via 7 month old vulnerability
Russia Fines Google $34m, After Last Week’s $358m Penalty
But will Google actual bother to pay? Russian watchdog claims Google abuses its dominant position in the video hosting market
Amazon UK To Raise Cost Of Prime Service
Streaming costs rise. Monthly Amazon Prime subscription cost to increase to £8.99 per month, as delivery and labour costs rise
Elon Musk Denies Reported Affair With Wife Of Sergey Brin
Tesla chief executive Elon Musk denies Wall Street Journal report that he had an affair in late 2021 with wife of Sergey Brin, calling article 'total BS'
Google Banned By Russia-Backed Separatists In Eastern Ukraine
Russia-backed separatist Donetsk People's Republic says it will block Google for 'inhuman propaganda', as it follows Russia's bans on Western social media
Snapchat Parent Shares Slump On Advertising Fears
Snapchat parent Snap sees shares plummet after reporting slowdown in ad revenue growth, as Google, Meta and other social media companies take hit
Twitter Reports Loss As ‘Uncertainty’ Weighs On Business
Twitter reports $270m loss for three months to June amidst advertising slowdown, as it prepares court battle to force Elon Musk to complete takeover
Meta Revamps Facebook Content Feed
Facebook 'Home' revamped to promote discovery of new content, whereas 'Feeds' tab will mostly feature posts from friends and family
Amazon Begins Deliveries With Rivian Electric Vans
Customers in US will start to see Amazon deliver thier packages using its custom electric delivery vehicles from startup Rivian
Tesla Sells 75 Percent Of Bitcoin Holdings
Bitcoin price slides after Elon Musk says cryptocurrency sale was to maximise Tesla's cash position after a shaky second quarter
Twitter Wins Battle To Fast Track Elon Musk Lawsuit
Twitter will face Elon Musk in a Delaware courtroom in October, over his attempt to 'terminate his $44 billion takoever of the platform
CMA To Reconsider Order For Meta To Sell Giphy
UK competition regulator, the CMA, tells Silicon UK it has agreed to reconsider over next three months its ruling to Meta to sell off Giphy
Lawsuit Alleges Antitrust Issues Over Apple Pay
Payment card issuer accuses Apple of abusing its market domination to thwart competition for its Apple Pay mobile wallet
Elon Musk Seeks To Block Twitter’s Request For Speedy Trial
No surprise in Twitter showdown, as Elon Musk files motion with US court to oppose platform's request for trial to be fast-tracked
Ofcom Mulls Further Sanctions On Russia’s RT Over Ukraine Coverage
Further sanctions? Russian news channel RT failed to preserve due impartiality in its coverage of the Ukraine conflict, UK's Ofcom finds
Meta’s Ray-Ban Stories Can Now Make Calls Via WhatsApp
Calling you via...my smart glasses? WhatsApp calling and messaging now integrated into Meta's smart glasses (Ray-Ban Stories)
Twitter Not Planning Large Numbers Of Layoffs
Social media platform seeks to reassure workforce, saying it was not looking at company-wide layoffs, but it will continue its restructure
Celsius Network Files For Bankruptcy Protection
Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure
Netflix Partners Microsoft For Cheaper Subscription Plan…With Adverts
Streaming giant Netflix has partnered up with Microsoft for a cheaper consumer subscription plan, that will feature adverts
Alphabet CEO Sundar Pichai Confirms Hiring Slowdown
Another tech giant confirms a hiring slowdown, as Google's Sundar Pichai also warns of investment consolidation in staff memo
Twitter Begins Legal Action Against Elon Musk
Well...he was warned. Twitter sued Elon Musk on Tuesday to force him to complete his $44bn acquisition of social media platform
Celsius ‘Deeply Insolvent’, US State Regulator Believes
Vermont regulator warns crypto lending firm Celsius “lacks the assets and liquidity to honour its obligations to account holders and other creditors”
Twitter Hits Back At Musk, Insisting No Breaches Occurred
Elon Musk "knowingly" breached the acquisition agreement Twitter says, as it fires back at the world's richest man and former suitor
Twitter Board Vows To Pursue Musk, Who Mocks Legal Threat
Twitter's board of diectors vows to pursue legal action against former suitor Elon Musk, who responds with openly mocking memes
Google Offers To Spin-Off Ad-Tech Unit – Report
Alphabet unit previously labelled the DoJ antitrust lawsuit 'deeply flawed', but now it is reportedly offering concessions
Elon Musk Tells Twitter He Is ‘Terminating’ $44Bn Acquisition
No surprise? Elon Musk announces ending of his $44bn (£36bn) bid to buy Twitter, alleging multiple breaches of legal agreement