Biden appoints Lina Khan to FTC Chair

Lina Khan FTC Big Tech

WASHINGTON – The Biden government announced the appointment of legal scholar, Lina Khan, as head of the Federal Trade Commission – signalling the current administration’s tough stance on Big Tech. Khan was sworn in as FTC chair following the Senate’s confirmation of her as one of five members of the commission on a 69-28 vote. […]

Bitcoins and other digital currencies crash in May

Bitcoin crash

After months of steady gains, and record prices that seemed to defy a global pandemic and the ensuing economic uncertainty – the value of bitcoin and other cryptocurrencies came crashing down on Wednesday, May 19th, in response to an earlier tweet by Elon Musk and news that China has banned financial institutions and payment companies […]

Least engaged employees work from home: Wework CEO

Wework CEO Mathrani

NEW YORK – It seems Wework’s new CEO might also have a taste for controversy, albeit for reasons completely opposite to its former CEO Adam Neuman. Sandeep Lakhmi Mathrani joined the company in February 2020, following the departure of its previous CEO and a botched IPO. The transition took place without much fanfare, however the […]

Jack Dorsey auctions his first-ever tweet

SAN FRANCISCO – Jack Dorsey, CEO of Twitter (NYSE: TWTR) has once again made headlines this Friday, this time for the sale of a digital asset: an ‘NFTweet’. Dorsey tweeted a link to the popular decentralized digital asset sale website Cent.co and his for sale entry featuring his first-ever tweet, dated March 21st, 2006 as […]

“I am not a Cat”, says Lawyer to Judge

PRESIDIO – Technology and its use is often a serious topic of discussion, but sometimes, it can also provide a moment of comedic relief – as we continue to fumble our way around the newest devices and the latest features. One such recent meme involved a US lawyer presenting virtually before a judge, and accidentally […]

VISA’s $5.3B Plaid Purchase Gets Cancelled

SAN FRANCISCO – Visa (V: NYSE) and Plaid have ended their agreement for a merger, concluding any hopes of the former, a global financial giant and major payment card company acquiring the data-centric fintech start-up. Since announcing the deal nearly a year ago; both parties have agreed to end negotiations. This was following a suit […]

Facebook removes thousands of fake, pro-Trump accounts

Facebook and Twitter have moved to dismantle thousands of fake accounts linked to Epoch Times, a pro-Trump news organisation known for releasing misleading information. These accounts were said to be operated using Artificial Intelligence and linked to individuals in Vietnam, despite claiming to be US citizens. Epoch Times, a pro-Trump conspiracy organisation, was banned from […]