Amazon and Apple Just Got Hit With a $218 Million Fine. Here’s Why Brad Anderson / Jul 18, 2023 Apple and Amazon were fined a combined $ 218 million by Spain’s antitrust watchdog for anti-competitive practices. The penalty for Apple was $ 161 million, while Amazon’s was $ 56.7 million. The two tech giants … Continue reading Amazon and Apple Just Got Hit With a $218 Million Fine. Here’s Why
By Rebecca Barker July 11, 2023 The Consumer Financial Protection Bureau (CFPB) ordered Bank of America earlier today to pay over $250 million for unlawful practices, including “double-dipping” on overdraft fees, using customers’ information to open accounts without their knowledge since 2012, and failing to fulfill rewards bonuses that had been explicitly promised to … Continue reading Bank of America has to pay $100 million to harmed customers. You might be one of them
By Michael Grothaus July 06, 2023 While it’s too early to call Threads—Meta’s new microblogging platform—a bona fide “Twitter killer,” Mark Zuckerberg’s answer to Elon Musk’s flailing social network is off to a good start. Zuckerberg took to the new platform to announce that within the first four hours of its launch, five million … Continue reading 10 million users joined Meta’s Threads in just 7 hours. It took Twitter 780 days to do that
Self-funded for 8 years, accounting startup Dougs raises $27 million. John Boitnott / Jul 5, 2023 Managing finances in the fast-paced and always-changing world of business can be a challenging endeavor, particularly for small and medium-sized businesses (SMBs). Dougs, a French startup company in the accounting industry, is changing the game. Dougs has been … Continue reading Self-funded for 8 years, accounting startup Dougs raises $27 million.
Sonos sues Google for allegedly copying its speaker technology Jon Fingas @jonfingas Sonos may have to cozy up to partners like Amazon and Google to compete in the smart speaker world, but that doesn’t mean it’s happy with how it’s being treated. The company has sued Google in federal court over allegations the … Continue reading Google fined $32.5 million for infringing on Sonos patent
Hyundai and Kia release software update to prevent TikTok thefts Katie Malone @kathrynamalone Kia and Hyundai released a software update on Monday after a viral TikTok challenge taught users how to hack the vehicles. But for now, it’s only available to a selected one million vehicles, out of the four million cars that … Continue reading Hyundai will pay $200 million after a TikTok challenge exposed a huge security flaw
Andrew Tarantola @terrortola For a product that its own creators, in a marketing pique, once declared “too dangerous” to release to the general public, OpenAI’s ChatGPT is seemingly everywhere these days. The versatile automated text generation (ATG) system, which is capable of outputting copy that is nearly indistinguishable from a human writer’s work, is … Continue reading The UK will spend £100 million to develop its own ‘sovereign’ AI
Google will pay $9.5 million to settle Washington DC AG’s location-tracking lawsuit Kris Holt @krisholt Google has agreed to pay $9.5 million to settle a lawsuit brought by Washington DC Attorney General Karl Racine, who accused the company earlier this year of “deceiving users and invading their privacy.” Google has also agreed to change … Continue reading Google will pay $9.5 million to settle Washington DC AG’s location-tracking lawsuit
Whistleblower explains how Cambridge Analytica ‘exploited’ Facebook Richard Lawler @Rjcc Last night Facebook announced bans against Cambridge Analytica, its parent company and several individuals for allegedly sharing and keeping data that they had promised to delete. This data reportedly included information siphoned from hundreds of thousands of Amazon Mechanical Turkers who were paid to use … Continue reading Meta settles Cambridge Analytica class-action lawsuit for $725 million
By Sam Becker September 23, 2022 Two-and-a-half million people in the United States became millionaires last year, but thanks to rising prices, that may not mean as much as it used to. Worldwide, 5.2 million people became millionaires in 2021, according to the Global Wealth Report 2022, an annual release published … Continue reading The world got 5.2 million more millionaires last year, but many are getting pinched in 2022
