Business, Financial & Legal News - Page 85

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 85.

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Computex 2020 cancelled because of COVID-19, see you all in 2021

Anthony Garreffa | Jun 12, 2020 2:12 AM CDT

I would only have just gotten home last week from Computex 2020 if it had gone ahead, which was postponed over the COVID-19 coronavirus outbreak.

Computex 2020 cancelled because of COVID-19, see you all in 2021

Now the organization that runs Computex, TAITRA (Taiwan External Trade Development Council) have announced that Computex 2020 has officially been cancelled and that they look forward to seeing everyone at Computex 2021 which will run between June 1-5, 2021.

The next big IT trade show is CES (the Consumer Electronics Show) which we'll see in just over 6 months time in January 2021 in Las Vegas, Nevada.

Continue reading: Computex 2020 cancelled because of COVID-19, see you all in 2021 (full post)

UN says 'food systems are failing', millions expected to enter poverty

Jak Connor | Jun 11, 2020 3:31 AM CDT

As the world begins to come to terms with the coronavirus, the effects of the outbreak are still yet to be fully felt.

UN says 'food systems are failing', millions expected to enter poverty

One of the coronavirus effects is the distribution of food throughout the globe, and now the United Nations (UN) has warned that "food systems are failing". According to UN Secretary-General Antonio Guterres, who announced last Tuesday that nearly 50 million people are expected to enter what has been called "extreme poverty".

More specifically, more than 20 million people across the Horn of Africa are currently struggling to get food distributed to them, according to the United Nations Food and Agriculture Organization (FAO). The food distribution issue isn't just in Africa, as problems are also occuring in the United States with the US meat industries reporting that due to the coronavirus outbreak 10 million pigs, chickens and cows could be culled. This is mainly due to over 800 slaughterhouses being forced to close due to the pandemic.

Continue reading: UN says 'food systems are failing', millions expected to enter poverty (full post)

Tesla stock price breaches $1000 for the first time in history

Anthony Garreffa | Jun 11, 2020 12:30 AM CDT

Tesla Motors share prices have enjoyed a new record high, breaching the $1000 barrier and sitting at $1025 at the time of writing providing the company with a huge $190 billion market cap.

Tesla stock price breaches $1000 for the first time in history

The company is ramping up production of its Semi commercial truck, with a recent tweet from Tesla founder and CEO Elon Musk teasing that "volume production" was indeed happening. This helped boost Tesla stock prices past $1000, on top of a new call from Wedbush Securities that has boosted its target price to $1000 and said the EV giant could have "more room to run".

Tesla is hosting its Battery Day soon, where it is expected to unveil a "game-changing" battery technology announcement that could drive Tesla stock past $1500 -- and far past its main competitor in Toyota for the title of the world's most valuable car company.

Continue reading: Tesla stock price breaches $1000 for the first time in history (full post)

Floyd protests: 'rooftop gamers' protect GameStop store from looters

Anthony Garreffa | Jun 5, 2020 6:49 PM CDT

We all know about the on-going protests across the United States (and now the world) over George Floyd, with a new photo going around social media showing armed gamers protecting a GameStop store.

The picture sees armed Americans which have been dubbed "rooftop gamers" with rifles, standing there to protect a GameStop store from being looted. The photo seems to have been taken in Pennsylvania, with the tweet reading: "If you're in the area of Aramingo and Butler: armed men on top of the Game Stop. STEER CLEAR. Photo was at 1430 or thereabouts".

Why "rooftop gamers" you ask? That goes back to the Korean business owners who pushed race rioters away from their stores with guns during the infamous LA riots of 1992.

Continue reading: Floyd protests: 'rooftop gamers' protect GameStop store from looters (full post)

Trump to be sued over social media fact checking Executive Order

Jak Connor | Jun 3, 2020 7:35 AM CDT

As expected, President Trump's move to encourage regulators to investigate content removal on social media platforms has been met with a legal challenge.

Trump to be sued over social media fact checking Executive Order

This controversy started after President Trump Tweeted out several comments in regards to mail-in votes. These tweets were then flagged by Twitter and were 'fact-checked', which then resulted in Trump signing an Executive Order that asks regulators to chip away at legal protections that stop social media companies from being held liable for the content being posted on their platforms. Now, the nonprofit Center for Democracy and Technology has filed a suit against Trump for the Executive Order claiming that Trump's stance on the issue "plainly retaliatory".

According to the lawsuit, Trump's order allegedly violates the First Amendment and is designed to "curtail and chill" protected speech. Twitter also voiced its opinion on the lawsuit and, of course, supported the claims from the Center for Democracy and Technology, saying the order from Trump was a "reactionary and politicized approach to a landmark law" that could "threaten the future of online speech". Above is the full statement published on the Twitter Public Policy Twitter account.

Continue reading: Trump to be sued over social media fact checking Executive Order (full post)

Google hit with $5 billion lawsuit over tracking private browser use

Anthony Garreffa | Jun 2, 2020 10:53 PM CDT

Google has just had a $5 billion lawsuit slapped on its desk, with the class action lawsuit accusing the search giant of illegally invading the privacy of millions of people by tracking their internet use -- even when users were using "private" mode on their browser.

Google hit with $5 billion lawsuit over tracking private browser use

The complaint was filed in the federal court of San Jose, California, which claims Google takes data from users' browsers even if they're using Chrome's private "Incognito" mode. The complaint adds that Google scoops up all sorts of data through Google Analytics, Google Ad Manager, other applications and website plug-ins -- no matter if you don't click an ad or not.

So even if you were searching for something weird online in Incognito mode, thinking you were safe from the prying all-seeing eye of Google, you were never safe. Google learns all about you, and everything you search for -- no matter if its private it seems according to this $5 billion lawsuit.

Continue reading: Google hit with $5 billion lawsuit over tracking private browser use (full post)

Zoom: 100 billion meeting minutes in January 2020, 2 trillion by April

Anthony Garreffa | Jun 2, 2020 10:17 PM CDT

We all know Zoom use has exploded over the last 6 months, but now we have some official numbers.

Zoom: 100 billion meeting minutes in January 2020, 2 trillion by April

Zoom has reported its earnings for the first quarter of 2020, where compared to the same period of 2019, Zoom customers that have over 10 employees working for them increased by 354% to 265,400. Not just that, but normal Zoom use exploded as well.

Zoom executives explain: "We peaked at over 300 million daily participants, free and paid, joining Zoom meetings in April 2020, up from 10 million in December 2019". But get this: in January 2020 the company had 100 billion meeting minutes, which by the end of April went crazy and jumped through the stratosphere to 2 trillion.

Continue reading: Zoom: 100 billion meeting minutes in January 2020, 2 trillion by April (full post)

Elon Musk leaves Twitter, Anonymous says 'we'll take over from here'

Anthony Garreffa | Jun 2, 2020 5:04 AM CDT

Elon Musk has had a gigantic year so far (he's had a baby, had Tesla stock skyrocket, and sent two NASA astronauts to the ISS with SpaceX) and we're barely half way through it, but the SpaceX and Tesla Motors CEO has just announced he is stepping away from Twitter "for a while".

Elon Musk leaves Twitter, Anonymous says 'we'll take over from here'

In a tweet on June 2, 2020 -- Musk said: "Off Twitter for a while" and that was it -- a mic drop moment. It was just 48 hours prior that Musk's own SpaceX sent two NASA astronauts to the International Space Station (ISS) which was a historic moment for the United States.

Musk's tweet has 283,000 likes at the time of writing, with the top tweet being from Anonymous which ominously says "We'll take over from here". Anonymous has been in the news recently, with the hacking collective threatening the Minneapolis Police over the George Floyd protests. Read more on that here.

Continue reading: Elon Musk leaves Twitter, Anonymous says 'we'll take over from here' (full post)

Uber, Lyft, DoorDash end deliveries in some cities over Floyd protests

Anthony Garreffa | Jun 1, 2020 7:49 PM CDT

Unless you've been living under a rock you would've heard about the George Floyd protests across teh United States, with multiple cities laying down curfew orders to keep people off the streets between certain times.

Uber, Lyft, DoorDash end deliveries in some cities over Floyd protests

These curfews have forced ride-sharing companies as well as food delivery platforms to temporarily suspend operations in some cities, with Uber, Lyft, and DoorDash all temporarily suspending operations in some US cities. Uber said in a statement: "Some cities have requested that we suspend operations completely while others want to ensure Uber is available for essential services," the company said in a statement".

The ride-sharing giant continued: "We're also using the Uber app to educate riders and drivers about city curfews and remind them Uber should be used for emergency purposes only during this time".

Continue reading: Uber, Lyft, DoorDash end deliveries in some cities over Floyd protests (full post)

Apple drops $330 million into MicroLED display factory in Taiwan

Shane McGlaun | Jun 1, 2020 1:05 PM CDT

A new report is going around that Apple is investing $330 million in a new factory in Taiwan where it will build MicroLED displays for future MacBook laptops. The report also says that screens for future iPhones, iPads, and other devices will be built in the same facility. Apple's partners in the new factory will be Epistar and LCD maker AU Optronics.

Apple drops $330 million into MicroLED display factory in Taiwan

Epistar is the top LED producer in Taiwan. The factory located at the Longtan branch of the Hsinchu Science Park. The report indicates that Apple has sent a development team to Taiwan to work on the project. There are some distinct advantages for laptops that use MicroLED displays compared to standard LCD or OLED displays.

Those advantages include higher brightness, higher dynamic range, and a fuller color gamut. MicroLED tech also supports a faster update rate, wider viewing angles, and lower power consumption. Devices using the new screen tech can also be made thinner, making them more portable.

Continue reading: Apple drops $330 million into MicroLED display factory in Taiwan (full post)