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Business World

Elon Musk files countersuit against Twitter over $44 billion deal

Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44 billion purchase deal. Musk mounted a legal defence against Twitter’s claim that he is contractually bound to complete the deal he inked in April, the Chancery Court in the state of Delaware said in […]

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Insane Tech

Philippines lawmaker seeks to declare ‘ghosting’ an emotional offense

A lawmaker has filed a bill seeking to declare the act of “ghosting” a form of emotional abuse. Ghosting simply means ending communication with someone without explanation. In House Bill No. 611 which was released to the media on Tuesday, Negros Oriental Rep. Arnolfo Teves Jr. said ghosting causes trauma as it “develops feelings of […]

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Business Tech World

Russian occupied Ukrainian territories will ban Google search engine

The Google search engine will be banned in the eastern Ukrainian regions of Donetsk and Luhansk, currently under Russian occupation. Denis Pushilin, leader of the Russia-backed separatist state Donetsk People’s Republic, posted a message on Telegram accusing Google of “promot[ing] terrorism and violence against all Russians, and especially the population of Donbas,” according to The […]

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Tech

Twitter spent $33 million on Elon Musk’s proposed deal to buy the social media giant

Twitter spent $33 million on Elon Musk’s proposed deal to buy the firm between April and June 2022. It also said its number of monthly daily users had risen to 237 million but it reported a net loss of $270 million, which was worse than expected. Mr Musk has since changed his mind about the […]

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Business Tech

Netflix has lost almost a million subscribers between April and June 2022

Netflix lost almost one million subscribers between April and July, as the number of people quitting the service accelerated. But that was not as many as the streaming giant had feared. Asked what may have stopped subscriptions sliding further, the firm’s chief executive, Reed Hastings, said: “If there was a single thing, we might say […]

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Tech

Apple sued in United States over Apple Pay payment system monopoly

Apple has been hit with a lawsuit in the US over Apple Pay. The tech giant is being accused of using its market power in the mobile phone industry to fend off competition from other payment card issuers. The class-action complaint was filed in a federal court in California by Affinity Credit Union, an Iowa-based […]

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Business World

Elon Musk pulls out of $44 billion Twitter takeover deal

Elon Musk is seeking to end his $44 billion bid to buy Twitter, alleging multiple breaches of the agreement. The announcement is the latest twist in a long-running saga after the world’s richest person decided to buy Twitter in April. Mr Musk said he had backed out because Twitter failed to provide enough information on […]

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World

Microsoft stops selling its products and services in Russia following its invasion of Ukraine

Microsoft has stopped selling its products and services in Russia, following the country’s invasion of Ukraine. Major tech companies including Apple and Dell have made similar decisions. Microsoft said it had paused other aspects of its business in the country to comply with government sanctions. It added that it was providing cyber-security support to Ukraine […]

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Tech

Sony to acquire video game developer Bungie in a deal worth $3.6 billion

Japanese technology giant Sony says it will buy video game developer Bungie in a deal worth $3.6 billion. The US-based company is best known for the Destiny and Halo gaming franchises. Sony says the deal will give it control of Bungie’s franchises and access to its live gaming services, as it aims to “reach billions […]

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Business Tech

New York Times buys popular word game for undisclosed seven-figure sum

The New York Times has purchased the popular word game Wordle for an undisclosed seven-figure sum. The free and simple game was created by software engineer Josh Wardle. It was released last October and now boasts millions of players. Mr Wardle said the game’s success had been “a little overwhelming”, and that he was “incredibly […]

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Business

Apple becomes the first corporate to touch $3 trillion market capitalisation

Apple briefly hit a market cap of $3 trillion during intraday trading on Monday, before dropping back under the mark shortly afterwards. Apple broke the barrier when its share price touched $182.86. Apple rose 2.5% on Monday to close at $182.01, just missing closing the trading day at the $3 trillion mark. The milestone is […]

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Insane Tech

Rewind 2021: TikTok overtook Google to become the most popular online destination

TikTok is the world’s new most popular online destination. The viral video app gets more hits than the Google search engine, according to Cloudflare, an IT security company. The rankings show that TikTok knocked Google off the top spot in February, March and June this year, and has held the number one position since August. […]