Address users’ complaints against social media firms: Govt notifies grievances appellate committees

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Laid-off tech workers who launch startups could be year’s big winners

Tech giants are busy laying off workers and reducing office space. In the process, they might also be setting in motion the emergence of new entrepreneurs and startups—who will be able to collaborate in suddenly affordable prime commercial real estate. Angel investor Jason Calacanis predicted on the All-In podcast that the big business winners of … Read more

The Dow Handily Beat the Nasdaq in 2022. Here’s What History Says Happens Next.

Y2K is back in a big way in the fashion world, but history isn’t just repeating itself on the runway. The stock market appears to be nostalgic for the early 2000s, as it is once again turning its back on tech. There were few places for investors to hide in this year’s bloodbath, but those … Read more

Twitter suspends account of Paul Graham, a VC supportive of Musk, after he tweets about Mastodon link

Paul Graham, a widely respected venture capitalist who’s been supportive Elon Musk’s efforts at Twitter, had his Twitter account suspended on Sunday. The suspension followed a tweet in which Graham wrote: “This is the last straw. I give up. You can find a link to my new Mastodon profile on my site.”  In that tweet, … Read more

The FTC’s cases against Meta are chasing Facebook’s ghost

This month, the Federal Trade Commission (FTC) and Meta are squaring up in federal court over the commission’s latest suit against Meta. The suit claims Meta’s purchase of the small virtual reality fitness app, Within Unlimited, would prevent future competition in the VR fitness space. Given the time and resources the commission is pouring into … Read more

Amazon is launching TikTok-style feed in bet on social commerce

Amazon.com Inc. has launched a TikTok-style service that will let shoppers buy merchandise from a curated feed of photos and video.  The world’s largest e-commerce company on Thursday said the new feature, called Inspire, will roll out to select US customers in early December and go national in the next few months.  “In just a … Read more

Meta plans to shelve Portal project, unreleased smartwatches

Meta planned to shut down its video-calling smart display Portal and its two unreleased smartwatch projects, reports revealed. According to The Verge report, Meta executives said in a company meeting that it planned to kill Portal and wearables. These were in the initial stage of development. The advanced smartwatch called Milan was expected to ship … Read more

Facebook owner fires 11,000 staff, extends hiring freeze

Companies Facebook owner fires 11,000 staff, extends hiring freeze Wednesday November 09 2022 Facebook CEO Mark Zuckerberg. FILE PHOTO | AFP Facebook owner Meta on Monday laid off over 11,000 employees, in a bid to reduce headcount by about 13 percent as the social media giant struggles with declining revenues.    Meta chief executive Mark … Read more