Technology

Donald Trump announces launch of his very own social media site

Nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection, former President Donald Trump said Wednesday he’s launching a new media company with its own social media platform. Trump says his goal in launching the Trump Media & Technology Group and its Truth …

Business

AutoNation shares hit new all-time high after reporting record quarterly earnings

AutoNation’s stock reached a new all-time record of more than $130 a share Thursday after the nation’s largest seller of new cars reported its sixth consecutive quarterly earnings record. AutoNation beat Wall Street’s profit and sales estimates, led by resilient consumer demand outpacing vehicle supplies due to an ongoing global shortage of semiconductor chips that …

Technology

Huawei launches smartphone overseas despite U.S. sanctions crippling its mobile phone business

Customers at a Huawei licensed experience store shop for devices on October 30, 2020 in Suzhou, China. Fred Lee | Getty Images News | Getty Images GUANGZHOU, China — Huawei launched its mid-range Nova 9 smartphone overseas for the first time on Thursday, starting in Europe. The Chinese smartphone giant’s business overseas has been crippled …

Technology

Crypto exchange FTX raises $420 million from 69 investors, in meme funding round

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion. The Bahamas-based firm said Thursday it raised …

Technology

Silicon Valley entrepreneur Sam Altman wants to scan your eyes in exchange for free cryptocurrency

Worldcoin’s orb-shaped devices scan people’s eyes in exchange for cryptocurrency. Worldcoin It sounds like something out of a sci-fi movie — metallic orbs that scan people’s eyes to pay them in digital currency. That’s what tech investor Sam Altman has been working on for his new start-up, a company called Worldcoin. Launched out of “stealth” …

Technology

Facebook says it will pay French publishers for links to news content

Facebook said Thursday that it has struck a deal with a group of French publishers to pay for links to their news stories that are shared by people on the social network. The company says it inked the licensing agreement with the Alliance de la Presse d’Information Generale, which represents 300 …

Technology

Hope data protection law is in place in next few months: MoS IT

Minister of State for Electronics and IT Rajeev Chandrasekhar on Thursday said he hopes that the personal data protection law might be in place in the next few months and the Joint Parliamentary Committee may place the Bill during the upcoming session of the Parliament. He said the Supreme Court has …

Technology

Apple introduces new online engagement series for developers

Tech giant Apple has launched a new online developer engagement series – Tech Talks 2021 – that provides developers globally, including in India, an opportunity to connect with Apple experts. Tech Talks 2021 features more than 100 live sessions and 1,500 office hours running over the course of the next eight …

Technology

Facebook introduces AR experiences for group video calls on Messenger

Facebook on Thursday announced that Group Effects are now available on Messenger video calls and Messenger Rooms, and will soon come to Instagram. Group Effects are new AR experiences that can augment everyone on a video call at the same time, enabling a more fun and immersive way to connect with …

Business

Here’s how Crocs avoided some of the pain of shipping delays and factory closures

Dina Rudick | Boston Globe | Getty Images A snarled global supply chain is hurting retailers, from shoe brands to department store chains, and threating their performance this holiday season. But Crocs says it has created a playbook to manage through the crisis with mitigated impact. On Thursday, the company’s fiscal third-quarter earnings and sales …