Facebook’s parent company, Meta, has been ordered to sell Giphy by the UK’s Competition and Markets Authority. The company, then known simply as Facebook, bought the Gif-sharing search engine last year for a reported $315m (£236m). It planned to integrate
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Twitter founder Jack Dorsey steps down as chief executive
Twitter co-founder Jack Dorsey is stepping down as chief executive of the company. He will be replaced by the current chief technical officer, Parag Agrawal, Twitter said. Mr Dorsey, who co-founded Twitter in 2006, has been serving as CEO of
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Facebook renames itself Meta amid controversy
The social network wants to be known as a metaverse company. Facebook said Thursday it’s rebranding itself as Meta to reflect the company’s focus on building the metaverse, a virtual world where people work, play, learn and connect with their friends and family. Meta will be a
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Seagate making progress on second-generation HAMR tech, 30-terabyte HDDs incoming
The company is going all-in on HAMR In brief: Hard disk drives are set to become much larger in the near future, but getting there has proven to be quite a challenge for manufacturers like Seagate. The company has been transitioning from
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Facebook says it’s invested over $13B into safety and security
The social network outlines progress its made on privacy, safety, misinformation and other issues. Facebook on Tuesday highlighted progress its made over the past several years to address challenges such as safety and security, misinformation and responsible innovation. The social network said
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Samsung will spend $205 billion in strategic plan to conquer semiconductors, robotics, and more
The company wants to lead in key industries of the post-pandemic world The big picture: Samsung has big plans for the future, and to that end, the company is investing a whopping $206 billion from its coffers. Chief among the tech giant’s
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Microsoft increasing price for Office 365 and Microsoft 365 next year
Education customers and consumers won’t see a price hike In brief: Microsoft will be raising prices for business and enterprise customers of Office 365 and Microsoft 365 next year, which could translate into billions of additional revenue for the Redmond giant. Considering
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Samsung continues to lead global smartphone market despite quarterly decline
The global smartphone market grew year over year but declined compared to last quarter What just happened? Counterpoint Research in its latest industry report found that global smartphone shipments grew 19 percent year over year in the most recent quarter to 329
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If Nvidia doesn’t complete Arm acquisition, the latter might consider an IPO
To complete the acquisition, Nvidia has to send all the necessary paperwork to the European Commission, which hasn’t happened yet In brief: Almost a year has passed since Nvidia announced its proposition to buy Arm. The deal hasn’t been completed yet, and
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Big Tech targeted in proposed antitrust bills, aiming to break up the likes of Amazon and Google
If the bills are passed, the tech industry as we know it could undergo huge change Why it matters: House lawmakers introduced new antitrust bills on Friday which could change the tech industry as we know it. The bills address anticompetitive practice
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