Twitter Says Meta , Stole Trade Secrets , for Threads.
On July 5, Twitter's lawyer sent a letter to
Meta accusing the company of "systemic" and
"unlawful misappropriation" of trade secrets.
On July 5, Twitter's lawyer sent a letter to
Meta accusing the company of "systemic" and
"unlawful misappropriation" of trade secrets.
CNBC reports that the accusations
revolve around the Instagram parent
company's new Threads service.
CNBC reports that the accusations
revolve around the Instagram parent
company's new Threads service.
According to longtime Elon Musk attorney
Alex Spiro, Threads was developed by former Twitter
employees who helped build a "copycat" app.
According to longtime Elon Musk attorney
Alex Spiro, Threads was developed by former Twitter
employees who helped build a "copycat" app.
Meta has denied the accusations.
No one on the Threads engineering
team is a former Twitter employee.
That’s just not a thing, Andy Stone, Meta communications director, via CNBC.
CNBC reports that the new app amassed
millions of users within just hours of its launch.
Threads launched with major brand
and celebrity representation.
.
However, the platform still lacks some crucial
features, including a web app, and
has yet to start generating revenue.
So far, CNBC reports that the app is
also missing a direct messaging feature.
Additionally, the app pulls posts from all users, making
it difficult to find content posted by individuals
or brands that users have chosen to follow.
WhatsApp Is Rolling Out , Passkeys for iOS.
The announcement was made on April 24.
WhatsApp passkey support on iPhones
comes months after Meta's encrypted messaging app made the feature available
to Android users, The Verge reports. .
Passkeys are meant to replace passwords because they are more secure and convenient.
They also enable you to sign in when disconnected from a network.
To enable passkeys for WhatsApp on
iOS, open settings, then go to accounts,
which is where you'll find the option.
However, rollouts can take time, so keep checking if you don't see passkeys right away.
WhatsApp spokesperson Zade Alsawah
said more people should see the option
"in the coming weeks.".
Alsawah also said that a QR code from
"Linked Devices" will still need to be scanned to log into the platform on other devices.
“since Mac, Windows and web can’t
be primary devices for an account.”
Credit: Wibbitz Top Stories Duration: 01:31Published
ConocoPhillips , to Buy Marathon Oil.
ConocoPhillips , to Buy Marathon Oil.
On May 29, ConocoPhillips agreed to
acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports.
The agreement will provide ConocoPhillips with
an additional 2 billion barrels of U.S. inventory.
This acquisition of Marathon Oil further
deepens our portfolio and fits within our
financial framework, adding high-quality,
low cost of supply inventory adjacent to our
leading U.S. unconventional position. , ConocoPhillips CEO Ryan Lance, via statement.
ConocoPhillips' market cap will
exceed $150 billion due to the deal.
As an independent producer, ConocoPhillips will now be on the same scale as some big-time players, CNBC reports.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
While the deal is likely to face FTC scrutiny, the fact that Marathon's assets encompass multiple basins supports regulatory approval, Dittmar said. .
Once the deal is complete,
ConocoPhillips anticipates share buybacks worth $7 billion within the first year.
After three years, that number is
expected to grow to $20 billion.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year
Credit: Wibbitz Top Stories Duration: 01:31Published
Poll Highlights Gap , Between Economic Data and , Consumer Attitudes .
CNBC reports that over half of Americans
falsely believe the United States is in
the middle of an economic recession.
A recession is officially defined as an extended period of
economic decline, usually after gross domestic product
(GDP) declines for two or more consecutive quarters. .
However, for the past several years,
GDP has actually been increasing.
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession. .
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession. .
At the same time, 58% of those polled believe
that the Biden administration is responsible
for the perceived economic downturn.
In the first quarter of 2024,
the GDP grew by 1.6%. .
CNBC reports that the recent poll
highlights the ongoing gap between
economic feelings and economic data. .
Consumer attitudes have been
lagging amid persistent inflation and
a consequently high cost of daily living. .
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic. .
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic.
Credit: Wibbitz Top Stories Duration: 01:31Published
Microsoft Announces , New Surface PCs With AI Chips.
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
Qualcomm's Arm-based chips
deliver longer battery life.
Other computer makers such as Dell, HP, Acer and more are also debuting AI-ready PCs that will offer Microsoft's Copilot AI chatbot.
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
Copilot+ computers will begin at $999.
Pre-orders are currently being accepted. .
The devices will be available in June.
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
On May 20, Microsoft shares
closed at $425.34, up 1.2%.
Qualcomm increased 2%
to $197.76, a record close
Credit: Wibbitz Top Stories Duration: 01:30Published
Hims and Hers , to Offer Weight Loss Injections.
GLP-1 medications like Ozempic and Wegovy have become increasingly popular.
However, the market has faced some supply constraints recently because of that popularity.
On May 20, Hims & Hers Health announced that it will be providing access to compounded GLP-1 weight loss injections, CNBC reports. .
Company shares jumped over 30%
following the announcement.
Compounded versions of medications are created
by certain manufacturers who meet FDA requirements when there are medication shortages.
However, the products are not tested
for safety and efficacy by the FDA.
The new offering of compounded GLP-1 medications can be accessed by getting a prescription from a health care provider on the Hims & Hers site.
Branded GLP-1 injections will be made available
once the supply becomes more consistent.
The price for compounded injections will
start at $199 per month, CNBC reports. .
Prior to announcing its GLP-1 offerings,
Hims & Hers revealed in an earnings report...
... that it anticipates its weight loss
program to garner over $100 million
worth of revenue by December 2025.
Hims & Hers CEO Andrew Dudum said that he is "confident" that a steady supply of the compounded injections will be available for customers.
We have a certain degree of
exclusivity with that facility that
will guarantee our consumers
consistent volume and supply, Hims & Hers CEO Andrew Dudum, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Dive into the controversy surrounding Tesla's recent layoffs as Elon Musk's termination mail, described as 'insensitive', sparks outrage among employees and netizens. Join us as we explore the fallout and hear firsthand accounts from affected employees, shedding light on the human impact of corporate decisions.
#ElonMusk #ElonMuskMail #Tesla #TeslaLayoff #TeslaTerminationMail #TeslaEmployee #TeslaNews #Oneindia
~HT.178~PR.274~ED.194~GR.121~
Elon Musk , Loses Appeal of , 'Twitter Sitter' Provision .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Musk’s speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SEC’s civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Credit: Wibbitz Top Stories Duration: 01:31Published
Musk is viewed in China as a favourable contrast to the stern statements from US officials, particularly during the recent visit by US Secretary of State Antony Blinken.
Credit: euronews (in English) Duration: 00:50Published
Elon Musk found himself in the crosshairs of controversy once again as he clashed with Australian authorities over content censorship on his platform, X. The dispute stemmed from a court order instructing X to remove video posts depicting a violent incident involving an Assyrian bishop. Musk, known for his outspoken nature, accused Australian leaders of attempting to stifle internet freedom, drawing condemnation from lawmakers.
#ElonMusk #AnthonyAlbanese #ElonMuskVsAustralia #XStabbingPosts #PostCensorship #Australia #SenatorTargeted #XDispute #SydneyChurchStabbing #CensorshipBattle #GunLawsDebate #InternetFreedom #ContentRegulation #LegalChallenge
~PR.152~ED.101~GR.122~
Cala -- a cat who blew up on the internet after a video of her seemingly singing went viral -- has died at 12 ... according to her official Instagram page. The.. TMZ.com
The female co-worker who was with Johnny Wactor the night he was fatally shot is speaking out and calling his killer a "coward" as "The General Hospital" star.. TMZ.com
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Jimmy Kimmel's 7-year-old son Billy just had his third (and hopefully last) open heart surgery. The ABC late-night host shared that Billy had the operation over Memorial Day weekend. Kimmel shared this photo of his son on Instagram and wrote, "We went into this experience with a lot of optimism and nearly as much fear and came out with a new valve inside a happy, healthy kid."
Credit: The Hollywood Reporter Duration: 01:20Published
Threads , Loses Users After , Record-Breaking Release.
On July 27, Mark Zuckerberg revealed
to staff that Threads, Meta’s Twitter
competitor, has lost over half of its users. .
On July 27, Mark..
Credit: Wibbitz Top Stories Duration: 01:31Published
Twitter, Threads, Meta, and TikTok are using the secrets of Colors, Geometry, Sound Vave Frequencies, Fonts, and Numerology to influence you. Once I heard Elon Musk's plan to change the new..
Meta/Facebook's "Twitter Killer" social media App threads attracted a huge level of interest when it recently launched. Unfortunately for Zuckerberg and his Meta company,..
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