Business, Financial & Legal News - Page 2

The latest and most important Business, Financial & Legal news - Page 2.

Malaysia's new copyright laws: streaming pirates = 20 years prison

Anthony Garreffa | Mon, Dec 20 2021 9:04 PM CST

Malaysia's House of Representatives has just passed new amendments to the country's copyright laws, which would see people imprisoned for up to 20 years.

Malaysia's new copyright laws: streaming pirates = 20 years prison 02 | TweakTown.com

There are already laws that forbid the illegal uploading and downloading of copyrighted content, but with the introduction of the world of streaming, there are changes that need to be made to the legislation. With the world of streaming through various means (which I won't go into here) has landed a new decision by the High Court in May 2021 that the sale and distribution of streaming devices (like piracy-ready Kodi-based devices) does actually constitute infringement under the Copyright Act.

Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said: "Act 332 is amended to ensure copyright laws implemented will provide more efficient and effective protection in line with current demands and to fulfill the needs of the business community and stakeholders".

Continue reading: Malaysia's new copyright laws: streaming pirates = 20 years prison (full post)

Facebook dubbed 'worst company of 2021', probably partying with EA

Anthony Garreffa | Mon, Dec 20 2021 7:02 PM CST

In news that isn't surprising at the least, Facebook -- or should I say Meta -- has been voted the Worst Company of 2021, as voted by participants in a recent Yahoo Finance survey.

Facebook dubbed 'worst company of 2021', probably partying with EA 01 | TweakTown.com

The social networking giant has gone from one dumpster fire to another over the last 12 months, with Yahoo Finance noting that Microsoft won its Company of the Year 2021 award -- while Facebook won the Worst Company of 2021 award. I'm sure it's something Mark "Project LifeLog" Zuckerberg running the company that has been awarded Worst Company of 2021. What an honor.

Yahoo Finance writes that the open-ended survey was run between December 4-5 with 1541 people responding, showing the site that Facebook (now Meta) had 8% of the vote for Worst Company of 2021. The second-worst company was Alibaba, but Meta led them with over 50% more hate voted for them.

Continue reading: Facebook dubbed 'worst company of 2021', probably partying with EA (full post)

Adidas makes $23 million on first NFTs: 'This is just the beginning'

Derek Strickland | Sun, Dec 19 2021 2:02 PM CST

Adidas' first-ever NFT drop makes tens of millions of dollars--how soon until other brands jump in?

Adidas makes $23 million on first NFTs: 'This is just the beginning' 332 | TweakTown.com

Adidas recently held its Into the Metaverse NFT drop in conjunction with other popular digital players like NFT art mogul group Bored Ape Yacht Club, crypto pioneer gmoney, and PunksComic. The collection featured NFTs based on each; Indigo Herz from Bored Ape Yacht Club, a gmoney NFT, and Punk 2146 "Courtney" from Punks Comic.

Adidas sold all of its NFTs nearly immediately across its early access and full access periods. The NFTs sold for 0.2 ETH apiece (roughly $787), and in total Adidas made 5,924 ETH from the sales, or $23,252,647.84 in converted currency.

Continue reading: Adidas makes $23 million on first NFTs: 'This is just the beginning' (full post)

TSMC founder says Intel boss is too old for meaningful change

Anthony Garreffa | Thu, Dec 9 2021 9:35 PM CST

The shit-flinging match between Intel, Samsung, and TSMC is getting hot -- with Taiwan Semiconductor Manufacturing Company (TSMC) founder Morris Chang having some not-so-nice words to say about Intel's new CEO, Pat Gelsinger.

TSMC founder says Intel boss is too old for meaningful change 02 | TweakTown.com

In some recent comments, the Intel CEO said that Taiwan's geopolitical environment isn't good for the semiconductor industry, given that China has been threatening Taiwan for quite a while now. During the Fortune Business Brainstorm Technology conference, Gelsinger said that the Taiwan situation made the area risky for chip fabrication.

Gelsinger said: "As I was flying down here yesterday, the Wall Street Journal reported that there were 27 Chinese planes in Taiwan airspace yesterday. How do you feel about having your sole source foundry capability in Taiwan right now? I mean, this is a geopolitical risk. And as we've argued since the beginning of my 10-year, the world needs a more resilient, geopolitically balanced supply chain. So we're seeing a lot of enthusiasm to support us moving into that market".

Continue reading: TSMC founder says Intel boss is too old for meaningful change (full post)

Micron announces new memory design facility in Atlanta, USA

Anthony Garreffa | Tue, Dec 7 2021 7:17 PM CST

Micron has just announced a gigantic new 93,000-square-foot facility in Atlanta, Georgia, USA -- a new state-of-the-art memory design center that opens up in January 2022.

Micron announces new memory design facility in Atlanta, USA 10 | TweakTown.com

The new memory design facility will see Micron having offices, a huge data center, and development operations in Atlanta. Micron is expected to open up around 500 new jobs across various STEM disciplines, which will include memory and storage R&D, computer hardware, electrical and electronic engineering, modeling and simulation development, and business support roles.

Micron is looking at building new partnerships with local institutions including Emory University, Georgia Tech, Morehouse College, Spelman College, and the University of Georgia. The memory giant is no stranger to the US, with Micron already having HQs in Boise, Idaho, and offices across the US including California, Colorado, Minnesota, Texas, and Virginia.

Continue reading: Micron announces new memory design facility in Atlanta, USA (full post)

Samsung major reshuffles, 3 x CEOs turfed... big changes coming

Anthony Garreffa | Tue, Dec 7 2021 6:39 PM CST

Samsung has announced a major reshuffling of its internal structure, removing multiple CEOs, and will now combine their electronics and mobile divisions with new executives taking over.

Samsung major reshuffles, 3 x CEOs turfed... big changes coming 03 | TweakTown.com

There will now be two co-chief executives at Samsung instead of three, where they will take the South Korean giant into the next phase of Samsung's business. Samsung is wanting to double down on its chip manufacturing and consumer devices -- think GPU memory, chip fabrication, smartphones, and more.

And so Samsung should... their Galaxy flagship brand of smartphones makes the South Korean electronics giant the world's biggest smartphone maker (by volume). The company is wanting to inject some growth into the mobile market, which shrank from nearly 70% market share around 10 years ago, to 21% last quarter -- Samsung wants to change that.

Continue reading: Samsung major reshuffles, 3 x CEOs turfed... big changes coming (full post)

Elon Musk suggests a maximum age limit for US politicians

Jak Connor | Fri, Dec 3 2021 1:02 AM CST

SpaceX and Telsa CEO Elon Musk took to his Twitter to make a sly joke towards the US political system by suggesting an age limit be implemented.

Musk posted the Tweet early Thursday morning to his 65 million Twitter followers, where it gained a massive amount of traction on the platform, amassing 320,600+ likes. Futurism reports that Musk is taking a shot at President Joe Biden, as there has been much criticism about the President's age since he took office in early 2021. However, that claim is yet to be proven as Musk's statement is very broad and doesn't specifically mention Biden.

It appears Musk is simply making a joke about the infamous number "69", while also combining a political element. In other Musk news, reports recently revealed through an internal SpaceX email that Musk is concerned that SpaceX may face a genuine risk of bankruptcy. On the same day as the email from Musk to SpaceX staff about the bankruptcy comes to light, a leaked video of the inside of Starship surfaces as well. Check out both of those stories below.

Continue reading: Elon Musk suggests a maximum age limit for US politicians (full post)

Could CES 2022 be impacted from changed US entry requirements?

Rob Squires | Thu, Dec 2 2021 2:26 PM CST

With the possible upcoming changes to the guidelines for entering into the United States happening over the next few days, everyone has been quite silent about the possible impact on next month's Consumer Electronics Show (CES) in Las Vegas. It has been announced that US President Joe Biden will unveil a new federally based strategy to address COVID-19 this winter on Thursday. The President has said the new strategy will be focused "not with shutdowns or lockdowns, but with more widespread vaccinations, boosters, testing and more."

Could CES 2022 be impacted from changed US entry requirements? 1 | TweakTown.com

It has been reported over the last few days that top US government officials have been considering requiring everyone who enters the United States to be tested for COVID-19 the day before their flight, as well as being tested again after arrival, regardless of vaccination status. Although no official changes have been announced yet, the US Centers for Disease Control and Prevention has confirmed in a statement that the agency is working to revise testing requirements for travelers because of the new Omicron variant.

"A revised order would shorten the timeline for required testing for all international air travelers to one day before departure to the United States," a CDC spokesman said in a statement. "This strengthens already robust protocols in place for international travel, including requirements for foreign travelers to be fully vaccinated." As the rules stand as of now, vaccinated travelers are required to test three days before their departures. The change under consideration would shorten that timeline to one day prior to a departure to the United States.

Continue reading: Could CES 2022 be impacted from changed US entry requirements? (full post)

Mark Zuckerberg's Meta is investing $10 billion into the Metaverse

Jak Connor | Thu, Dec 2 2021 4:02 AM CST

Mark Zuckerberg has sat down with Vayner Media CEO Gary Vaynerchuk on November 12, 2021, to discuss the next platform shift called the Metaverse or Web 3.0.

Zuckerberg is at the helm of what was formerly called Facebook, and is now Meta, and explains why he thinks the Metaverse is the next big thing on the technological advancement horizon. Zuckerberg explains that, simply put, the Metaverse is a combination between augmented reality and virtual reality. "Virtual reality" can be easily defined as being in an entirely digital world that you can interact in, and "augmented reality" is the virtual world projected onto the world that we see today.

The head of Meta says that the company is investing $10 billion dollars into the future of the Metaverse and that money will be going towards connecting people via this new digital experience. Zuckerberg recounts the timeline of the internet, with its beginning primarily being text-based to its transition to mobile phones with cameras and the shift in focus images. Zuckerberg says that video format is primarily how we share social experiences and that the Metaverse will be what's next.

Continue reading: Mark Zuckerberg's Meta is investing $10 billion into the Metaverse (full post)

Microsoft CEO Satya Nadella dumps over HALF his Microsoft stock

Anthony Garreffa | Sun, Nov 28 2021 6:11 PM CST

Microsoft CEO Satya Nadella has sold over half of his Microsoft shares, with Nadella offloading 838,600 shares across November 22 and November 23, 2021.

Microsoft CEO Satya Nadella dumps over HALF his Microsoft stock 07 | TweakTown.com

The 838,600 shares were sold in a price range between $334.37 and $349.22, with the 838,600 shares sold bringing his total Microsoft share count to 831,000. This means the Microsoft CEO has dumped over half of the stock he held in Microsoft, and there's no news about it.

The only pieces I could find was somewhere reputable at least, with Seeking Alpha only highlighting that the CEO of Microsoft selling over half the shares he holds in the company he literally runs, in a single sentence: "The shares were sold in a price range from $334.37 to $349.22, bringing his total share count to 831K shares". While CNBC reported: "Microsoft Chief Executive Officer Satya Nadella disclosed the sale of 839,000 shares in an SEC filing, leaving him with ownership of 831,000 shares following that transaction. Microsoft fell 1% in the premarket".

Continue reading: Microsoft CEO Satya Nadella dumps over HALF his Microsoft stock (full post)

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