Meta Faces Pressure to Sell Giphy Amid Antitrust Concerns
In a landmark decision, Britain’s Competition and Markets Authority (CMA) has ordered Meta Platforms Inc., the parent company of Facebook, to sell its $315 million acquisition of GIF search engine Giphy. This ruling marks a significant shift in global antitrust…
SoftBank’s Bold Move: A Return to Stock Buybacks After Portfolio Losses
In response to a sharp decline in the value of its portfolio companies, SoftBank Group Corp. has announced a stock buyback program worth up to 1 trillion yen ($8.8 billion). The Tokyo-based tech conglomerate revealed the move on Monday, stating…
Facebook Whistleblower Sophie Zhang Exposes Company’s Inaction on Political Manipulation
In a high-profile testimony before the British Parliament on Monday, former Facebook data scientist Sophie Zhang delivered scathing allegations against the social media giant, accusing the company of enabling authoritarian governments to manipulate political discourse and of turning a blind…
Singles’ Day Faces Headwinds Amid Political Shifts and Supply Chain Challenges
As Singles’ Day, the world’s largest online shopping event, celebrates its thirteenth edition on November 11, it finds itself at a crossroads. Initially launched in 2009 in China with just 27 merchants, the event has grown into a massive global…
Biological Weapons in the ‘Shadow War’
Do biological weapons still pose a significant threat in today’s world? The COVID-19 pandemic has reignited concerns about biological weapons, with some experts speculating that bad actors—both state and non-state—may be renewing their focus on these tools of destruction. A…
Elon Musk’s Net Worth Takes a $50 Billion Hit in Two Days
Elon Musk’s wealth has experienced a dramatic $50 billion drop in just two days, marking the largest two-day loss in the history of the Bloomberg Billionaires Index. This sharp decline is now the biggest one-day fall since Jeff Bezos saw…
Humans and Hardware: Revolutionizing Special Operations with Wearable Technology
In 2009, the U.S. Special Operations Command (SOCOM) declared that “humans are more important than hardware.” Yet, in today’s world of advanced wearable technology, the distinction between humans and hardware is rapidly disappearing. With innovations in sports science and medicine…
Barclays CEO Jes Staley Steps Down Amid Jeffrey Epstein Probe
Jes Staley, the CEO of Barclays Plc, has announced his resignation following a U.K. regulatory investigation into how he described his relationship with financier and convicted sex offender Jeffrey Epstein. The surprise departure marks the end of Staley’s tumultuous six-year…