Tech Meme

Jonathan Stempel / Reuters: A proposed class action lawsuit accuses Elon Musk of insider trading by manipulating Dogecoin, alleging he sold ~$124M in DOGE after changing Twitter’s logo  —  Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc (TSLA.O) … Lees verder op Tech Meme

Alexandre Tanzi / Bloomberg: Challenger report: US tech companies have announced 136,831 layoffs from January to May 2023, more than in any full year since 2001, when job cuts hit 168,395  —  US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc. Lees verder op Tech Meme

Anisah Shukry / Bloomberg: Malaysia plans to let carriers decide whether to work with Huawei and other Chinese companies for its second 5G network, but will consider EU and US concerns  —  Malaysia will remain a free market and allow mobile-phone carriers to decide whether to work with Chinese equipment makers including … Lees verder op Tech Meme

Vlad Savov / Bloomberg: At Computex, Lenovo, Samsung, Acer, and others bet on OLED displays to revive PC sales, despite higher costs; Samsung controls 99%+ of the OLED laptop market  —  PC makers from Lenovo Group Ltd. to Samsung Electronics Co. are pinning their hopes for reviving laptop sales on upgraded displays. Lees verder op Tech Meme

Dan Taylor / Tech.eu: Report: Valencia-based Jeff, which provides a frontend app and other tools to manage businesses, filed for bankruptcy in May after failing to close a €90M round  —  After numerous lawsuits in Colombia, Mexico, Brazil, and Spain, losses close to €65 million, and a €90 million funding round … Lees verder op Tech Meme

Sam Tobin / Reuters: Getty asks London’s High Court to stop UK sales of Stable Diffusion, accusing Stability AI of copyright infringement for training its AI model on Getty’s images  —  Stock photo provider Getty Images has asked London’s High Court for an injunction to prevent artificial intelligence company Stability AI … Lees verder op Tech Meme

Wall Street Journal: Sources: A.J. Brown, Twitter’s head of brand safety and ad quality, is leaving, the second top safety executive to leave the company this week  —  A.J. Brown’s departure comes after Ella Irwin, company’s head of trust and safety, left Thursday  —  Twitter lost its head of brand safety and ad quality … Lees verder op Tech Meme

Yuvraj Malik / Reuters: Microsoft expects to take a charge of ~$425M in Q2 2023 for a potential fine from the Irish DPC over LinkedIn’s targeted ads allegedly violating users’ privacy  —  Software major Microsoft Corp (MSFT.O) said on Thursday it expected to take a charge of about $425 million in the current quarter … Lees verder op Tech Meme

Yuvraj Malik / Reuters: Microsoft says it expects to take a charge of about $425M in Q2 for a potential fine from Irish DPC over alleged LinkedIn targeted ads privacy violations  —  Software major Microsoft Corp (MSFT.O) said on Thursday it expected to take a charge of about $425 million in the current quarter … Lees verder op Tech Meme

Dan Taylor / Tech.eu: Report: Valencia-based Jeff, which provides a frontend app and other tools to manage businesses, filed for bankruptcy in May after failing to close a €90M round  —  After numerous lawsuits in Colombia, Mexico, Brazil, and Spain, losses close to €65 million, and a €90 million funding round … Lees verder op Tech Meme