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The Latest Breaking News on Tech

New waves of tech layoffs will eliminate more than 1,000 Bay Area jobs

FREMONT — Five tech companies, including software and hardware firms, have revealed plans to slash well over 1,000 Bay Area jobs, marking a fresh wave of cutbacks, new state government filings show.

Tribune News Service

TikTok to ban rule-breakers using new ‘strike’ system

The platform will warn users when they are about to be permanently banned as part of its crackdown on unacceptable behaviour

Evening Standard

Netflix’s trial for clamping on account sharing causes mass reaction on Twitter

The video-on-demand streaming service has been hinting about plans to clamp down on account sharing with a new trial underway much to most people’s dismay.

Evening Standard

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Big tech roils markets after shaky quarterly performances

Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances

The Independent UK

Instagram said to be working on paid verification like Twitter

Despite allowing anyone to request verification since 2018, Instagram is notoriously picky about who gets the status symbol

Evening Standard

Apple, Alphabet and Amazon hurt as economic slump crimps demand

Apple Inc, Amazon.com Inc and Alphabet Inc, technology bellwethers with a combined market value approaching $5 trillion, posted results Thursday that show an economic slowdown is throttling demand for electronics, e-commerce, cloud computing and digital advertising — mainstays of the global tech economy.

The Times of India

Australian TikTok creators could dump app after month-long test removed sound from videos

‘It makes you feel like it’s a platform that doesn’t value us as much as it should,’ says one frustrated creator and others say it may be the ‘final straw’

The Guardian - AU

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Tech giants Apple, Amazon and Alphabet post disappointing results

Facebook parent company Meta bucks trend with better earnings than expected, as Apple sees first profit miss in seven years

The Guardian - US

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.

Tribune News Service

Netflix accidentally posts guidelines for cracking down on password sharing

Information about trial in Chile, Peru and Costa Rica has since been taken down after being shared across help centre pages

The Guardian - UK

Meta's good day

Wall Street liked what it heard in the Facebook parent's latest earnings, and the company also won a round with the FTC.

Axios

MEPs launch site for EU officials to report ‘shady lobbying’ by big tech

Exclusive: Dutch MEP hopes site will give early warning of suspicious tactics such as use of front organisations

The Guardian - UK

Meta shares soar as Zuckerberg ushers in ‘year of efficiency’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg struck a new tone with investors Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big assist from artificial intelligence.

Tribune News Service

Meta soars after sales beat, rosy forecast as Facebook grows

Meta Platforms Inc. posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signaling it’s on course for a turnaround after its most difficult year.

Tribune News Service

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Evening Standard

Snap shares tank after losses top $280 million

The scale of the struggle facing the world’s largest social media firms was laid bare today after Snapchat owner Snap Inc posted a whopping $288 million (£234 million) loss for the fourth quarter, reversing profits of $23 million it made in the previous year and sending its shares down as…

The Guardian - UK

Why has Alphabet hit the panic button? Only Google can answer that question

The economic downturn, US lawsuits and the fear of rising tech rivals could be reasons for the firm’s 'code red” alert, but it still has an AI ace up its sleeve

Chicago Sun-Times

Donald Trump is reinstated to Facebook after 2-year ban

Ending a two-year ban, Facebook says the public has a right to hear from its political leaders, ‘the good, the bad and the ugly — so that they can make informed choices.’

The Times of India

Free the nipple: Facebook and Instagram to lift ban on sharing bare breasts pictures

A decade ago, Facebook had banned its users from sharing bare breasts photos on their account. But in an inclusive move, Meta may now allow trans, non-binary people and women to share their bare breast photos on their platform.

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The Guardian - US

Free the nipple: Facebook and Instagram told to overhaul ban on bare breasts

Meta’s advisory board says policy impedes right to expression for women and trans and nonbinary people

Evening Standard

Meta alleges online spying firm collected data of 600,000 Facebook users

The surveillance firm known as Voyager Labs supposedly extracted info, including social-media posts, friends’ lists, photos, and comments.

Tribune News Service

Salesforce eyes thousands of job cuts in fresh Bay Area tech layoffs

Salesforce plans to chop potentially thousands of jobs worldwide within weeks, the company said Wednesday, marking a grim start to 2023 for a tech sector that’s already reeling from layoffs.

The Independent UK

EXPLAINER: Kansas' Democratic governor imposes TikTok ban

Kansas Gov. Laura Kelly has become one of the first Democratic governors to ban the use of TikTok on state-issued devices

WEKU

From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022

From Facebook's troubled pivot to the metaverse to Twitter's management chaos to industry-wide layoffs, social media companies have had a rocky 2022

Al Jazeera

TikTok staff accessed data to track journalists, ByteDance finds

Chinese parent company of popular video app says the employees responsible are no longer with the company.

The Times of India

Twitter rolls out grey tick mark for govt, golden for companies

NEW DELHI: Social media platform Twitter has started rolling out a grey tick verification mark for government-related accounts and a golden tick mark for companies while the rest of the verified accounts will get a blue tick mark.

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