Business, Financial & Legal News - Page 2
Russian President Vladimir Putin has granted Edward Snowden Russian citizenship, two years after Snowden and his wife applied for dual US-Russian citizenship.
In November 2020, Snowden and his wife applied for Russian citizenship, although he had already been given permanent residency in Russia. Putin has now directly stepped in, granting the former NSA contractor with Russian citizenship, days after Putin escalates his special military operation in Ukraine with a "partial mobilization" of Russian citizens (and some fleeing to Georgia right now).
Snowden tweeted: "After years of separation from our parents, my wife and I have no desire to be separated from our SONS. After two years of waiting and nearly ten years of exile, a little stability will make a difference for my family. I pray for privacy for them - and for us all".
Individuals familiar with Meta's plans for the coming months have informed a publication that it will be downsizing departments to combat its stalling growth.
Mark Zuckerberg's Meta reported its first-ever revenue drop earlier in 2022, an event caused by the company's shift into virtual reality that hasn't yet been well received by the public. Meta's pivot into virtual reality has caused heartaches for the company as its products struggle to get off the ground. No one has felt the pressure more than Meta and Facebook founder Mark Zuckerberg who has lost $71 billion this year over his big decision to move into VR.
The Wall Street Journal has reported that individuals familiar with Meta's plans said that the company plans on cutting expenses by at least 10% over the coming months and that one of the strategies it will employ is pushing out a significant number of staffers across various departments. The affected employees will have a limited window to reapply for other roles within the company, which, according to former Meta managers, will allow the company to achieve its desired expenditure cuts.
Florida has requested that the Supreme Court settle a dispute between social media companies and the potential of states violating Frist Amendment free speech rights.
In a new report from The Washington Post, Florida's attorney general sent a request to the Supreme Court on Wednesday to prompt them to determine if states have the right to regulate how social media companies moderate content on their platforms. The publication reports that depending on the conclusion from the Supreme Court will determine if social media platforms are prevented from censoring content on their own platforms in Texas and Florida.
The debate has already received two rulings from court systems, with the U.S. Court of Appeals for the 11th Circuit deciding to go against Florida's law that would prevent the censoring of certain content, while the U.S. Court of Appeals for the 5th Circuit upheld Texas's law. The divide between the two court systems warrants a determination from the Supreme Court, according to Florida Attorney General Ashley Moody.
The world's largest live-streaming platform is experiencing a heavy amount of controversy following the unraveling of the biggest scammer on Twitch.
Former Team Liquid member and streamer Slicker has been exposed for scamming his followers and fellow content creators out of hundreds of thousands of dollars. As outlined by the YouTube investigator Coffeezilla, Slicker admits to scamming numerous individuals by borrowing money from them and never returning it despite promising to do so.
Slicker borrowed the money from people to fuel his gambling addiction, which, following Slicker's admission, sparked a large debate on social media surrounding the victims and the larger impact of gambling being present on Twitch. Streamers such as Ludwig and xQc have offered to help pay back the money owed to Slicker's victims, which now totals more than $300,000, according to Coffeezilla.
Russian citizens are flocking to the world's largest search engine to ask one simple question - "How to leave Russia?".
Ahead of Russian President Vladimir Putin's now-canceled nation address, Russian citizens took to Google on Tuesday to ask the search engine "how to leave Russia", according to the Mozhem Obyasnit Telegram channel. The canceled speech from Putin was rescheduled to Wednesday this week as the Kremlin have indicated that it will respond to the claims that the nation has suffered significant losses in the Ukraine war and how its response could directly impact everyday Russians.
The peak of the Google search queries happened at around 6 pm Moscow time on Tuesday, with the Mozhem Obyasnit Telegram channel reporting that Russians located in the east of the country, bordering China, showed a particular interest in getting results on how to leave Russia.
The Pentagon has launched a "sweeping audit" on how it conducts clandestine psychological operations online after growing concern from the White House and federal agencies.
A new report from The Washington Post reveals that social media companies such as Twitter and Facebook have identified and removed fake accounts that are suspected of being created and run by the US military. The accounts in question violated the platforms' policies, and as a result, Colin Kahl, the undersecretary of defense for policy, has now instructed that a full accounting report on all psychological operations online will be provided to him by next month.
WAPO reports that Twitter and Facebook have taken down more than 150 accounts and media sites that were in violation of the platform's policies. Two officials familiar with the matter spoke to WAPO on the condition of anonymity, and said that the majority of the account removals occurred within the last three years, with some even being as recent as the Russian/Ukraine war as the account/s were spreading anti-Russian narratives that cited "the Kremlin's "imperialist" war in Ukraine and warning of the conflict's direct impact on Central Asian countries," wrote WAPO.
Twitter is preparing to question SpaceX and Tesla CEO Elon Musk under oath for the very first time, as the world's second-largest social media platform plans to ask Musk why he decided to abandon the deal to purchase the platform.
Elon Musk decided to back out of his $44 billion deal to purchase Twitter, which sparked legal action from Twitter that Musk and the social media platform are now engaged in. Musk decided to back out of the deal to purchase the social media platform by arguing that Twitter intentionally misrepresented the number of users on its platform, and simultaneously misrepresented its total number of bot/spam accounts.
On the other side of the fence, Twitter has alleged that Musk is attempted to get out of the deal for economic reasons, and that the Tesla and SpaceX CEO has been attempting to gather insider information from Twitter to build his own competing platform. Both parties are now engaged in a lawsuit that will go to litigation privately in a law office in Delaware on September 26 and September 27, with the possibility of the trial extending an additional day to September 28.
It has been a very tough year for US tech companies with COVID-19-related supply chain shortages across various industries and an overall market downturn.
Most US tech giants are already making decisions like cutting hiring rates to brace for the market downturn, and while most US tech giants have felt the pressure one way or another, there is no one that has felt it more than Meta CEO and Facebook founder Mark Zuckerberg. Bloomberg has reported that Zuckerberg has lost a considerable amount of his net worth across 2022, with the publication reporting that the Facebook founder has lost a whopping $71 billion throughout the year, leaving his current net worth at $55.6 billion.
While $55.6 billion is certainly a lot of money, Zuckerberg has moved down to the 20th richest person in the world - his lowest spot on Bloomberg's ladder since 2014. For context, Zuckerberg was the third-richest person in the world just two years ago, meaning that the Facebook founder has lost more than half of his net worth this year. What caused this?
The news comes from Yuga Labs security engineer Sam Curry who took to his personal Twitter to reveal he received a mysterious wire transaction from Google for nearly $250,000.
Curry took to Twitter on September 14, writing that it had, at the time, been almost three weeks since Google randomly sent him $249,000 and that he still hadn't heard anything back from the company regarding the support ticket he filed shortly after noticing the payment. Curry tagged Google on Twitter and asked if he could get into contact with the company about the mysterious payment.
A Google spokesperson told CNN that there was a problem on Google's end with the payment and that it shouldn't have gone to Curry but to a different party. The Google spokesperson said that the payment to Curry was a result of "human error" and that the company appreciates that the issue was quickly brought forward so it can be corrected. So, how come this happened?
A new report from the think tank project Special Competitive Studies Project (SCSP) has concluded that the United States will fall second to China in a major race of the 21st century.
Former Google CEO Eric Schmidt chairs the SCSP, and according to the think tanks' newly released report, China is expected to win the technology race on several different fronts if the United States doesn't make certain leaps in various fields. The report states that there are a few key technological battlegrounds that China is advancing in faster than the United States. Those battlegrounds are microelectronics, 5G connectivity, and artificial intelligence.
China beating the United States on several technological fronts may be one thing in itself when purely talking about national pride, but there are very real consequences, such as China controlling the supply of Earth's rare minerals that are used to create the technology. Furthermore, these rare Earth minerals are used for military developments.