Tech

Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, …

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Robert F. Smith haunted by tax scandal after losing race for Denver Broncos: sources

This spring, Robert F. Smith, the richest African-American in the US, landed in the spotlight as the NFL urged him to buy the Denver Broncos to help the league address a racial-equity crisis. Now, having lost a contest to buy the team to Walmart heir Rob Walton, the 59-year-old billionaire is grappling with a crisis …

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Hacker claims to have stolen 1 bln records of Chinese citizens from police

A police officer in a protective suit checks on a commuter at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com register SHANGHAI, July 4 (Reuters) – A hacker has claimed …

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German road traffic agency says 59,000 Tesla vehicles have software glitch

FRANKFURT, July 3 (Reuters) – Germany’s road traffic agency said it was recalling Tesla (TSLA.O) models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, …

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Mark Zuckerberg Has an Original Idea to Get Rid of Employees

Times are tough even for the giants of Silicon Valley that are accustomed to big profits. In recent months, the storm on the financial markets has particularly shaken the Nasdaq index, which is dominated by technology groups. Investors fearing a recession are liquidating their positions in risky assets. This particularly affects tech, which lives mainly …

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Google will pay US app developers $90 million in a settlement over app store policies

The proposed settlement is designed to address app developers’ years-long that Google (GOOGL (GOOGL)) imposes onerous and anticompetitive restrictions on app makers as a condition of hosting their apps on its Google Play Store. “A vast majority of US developers who earned revenue through Google Play will be eligible to receive money from this fund, …

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SpaceX gets approval to bring Starlink internet to airplanes

The move sets the company up to expand its customer base, which so far has been focused solely on providing roughly $100-per-month internet services to homes, mostly in areas that aren’t serviced by traditional ground-based internet service. It has hundreds of thousands of subscribers around the world. Now, the company is likely to begin rolling …

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Chip stocks hammered as Micron forecast signals waning demand

July 1 (Reuters) – A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks across the world tumbled on Friday after memory chip maker Micron Technology Inc …

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Meta wants to oust workers who ‘shouldn’t be here’

Facebook parent Meta wants to cut ties with workers who can’t meet newly raised performance expectations as the company prepares for an economic downturn, CEO Mark Zuckerberg bluntly revealed this week. Zuckerberg’s frank admission came during a Q&A session with employees in which he warned that a recent slump in the markets “might be one …

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Daily Harvest hit with arguments from people who say they had their gallbladders removed after consuming its product

Daily Harvest, a direct-to-consumer brand that relied on a network of online influencers to promote its products, announced earlier this month the voluntary recall of its French Lentil and Leek Crumbles after people who consumed it reported becoming ill. Several influencers told CNN Business last week that they spent time in the hospital with mysterious …

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