Big tech does well post SVB collapse, Apple Retail may hit Mumbai next month, and Team Lasso heads to the White House.
Big Tech
Meta to Lay Off 11,000 Employees, and That May Just Be for Starters
Meta CEO Mark Zuckerberg announced the company will lay off 13% of its employees. Some analysts think that’s only the beginning.
Walmart Enters the Metaverse with Two 'Immersive Experiences', Likely a Move to Advertise to Children
Walmart is entering the Metaverse with two “immersive experiences”, that is likely a thinly-veiled attempt at marketing toys to children.
China Hypocritically Calls Out US Chips Act As Unfair Trade Policy
According to some tech leaders in China. the U.S. Chips Act could cripple their industry. Maybe that’s a good thing, though.
Senate Won’t Vote on Big Tech Antitrust Bills Before Recess
Senate Majority Leader Chuck Schumer said he won’t call for a vote on two Big Tech antitrust bills because one won’t get enough votes.
Lawmakers Want Senate Vote on Big Tech Antitrust Legislation Before August Recess
Two pieces of Big Tech legislation are ready for a Senate vote before its August recess, lawmakers from the House of Representatives insist.
State Privacy Legislation Getting Input from Tech Lobbyists to Push Weaker Protections
A report from “TNW” indicates that many state legislations concerning privacy are being written by tech lobbyists.
European Council Establishes New Rules For "GateKeeping" Tech Giants
The European Council established new rules for tech giants Thursday evening. Over a period of four years, Big Tech will have to make changes.
Big Tech Employees Deserve Better Treatment
As the culture of secrecy shrouding tech giants erodes, a fact is clear. Big Tech employees deserve to be treated better than they have been.
Consumer Financial Protection Bureau Investigates Big Tech
The Consumer Financial Protection Bureau plans to start probing Big Tech companies over their usage of consumer financial data.