While Apple discontinued the last iPod model, the “pod” lives on in the digital audio medium we all love and obsess over, never really the format where the podcast flourished. The iPod controlled 60 percent of the total MP3 player market, and was the default option for listening to audio shows on the go.
A new forum for the U.S. and European Union to settle differences on trade and technology policy has taken on added significance following Russia’s invasion of Ukraine, with supporters positioning it as a model for broader cooperation among free-market democracies. The U.S.-EU Trade and Technology Council had its first meeting in Pittsburgh last fall, which participants said helped forge ties that proved critical when the two economies joined forces to impose sanctions on Russia following its Feb. 24 assault on Ukraine.
Amazon founder Jeff Bezos tweeted that inflation is a regressive tax that hurts the least affluent. He was responding to President Joe Biden's tweet that said the U.S. is on track to see its largest yearly deficit decline ever. On Friday, Bezos criticized Biden for saying taxing wealthy corporations can help lower inflation.
Ford has sold another 7 million Rivian shares worth $188.42 million. This comes just days after the Blue Oval sold $214 million worth of stock. Ford has suffered a $5.4 billion mark-to-market loss on its Rivian investment. Rivian is continuing to have supply chain issues, with the firm drastically cutting down on its production target for 2022.
Job postings for technology occupations surpassed 443,000 in April. Tech companies are fighting the Great Resignation by getting creative with workplace culture and benefits. The 1.6 million jobs posted this year is up 40 percent over the same period in 2021. Here are 10 of the most in demand IT jobs in 2022, ranked by the number of job postings.
Malaysian Prime Minister Ismail Sabri Yaakob wants Tesla to open a plant in Malaysia, inviting several Fortune 500 companies, especially Tesla, to invest in his nation, saying that he has asked the US-ABC to play a larger role in attracting investments to Malaysia.
According to a report from Deadline, Netflix is working on a livestreaming option for stand-up specials and other live content, opening up the possibility for Netflix to air live reunions, as well as enable live voting for competition shows. This year, Netflix held its first-ever live and in-person comedy festival, the Netflix Is a Joke Fest, which featured over 130 comedians.
Binance has suspended trading of Terraform Labs' Terra (Luna) and TerraUSD (UST) tokens. The tokens lost nearly 100% of their value in a span of days. The move follows the exchange pulling support for trading of futures contracts for the Luna token earlier on Thursday.
Many are calling for Coinbase users to move crypto to hardware wallets, or physical storage devices. Coinbase disclosed Tuesday that it could absorb users' crypto in the unlikely event of bankruptcy. Experts say the wallets, which resemble USB drives, are like "putting something in Fort Knox."
Kayvon Beykpour, Bruce Falck and Jay Sullivan have been fired from Twitter. CEO Parag Agrawal responded to both tweets, thanking them for their work. He also announced that Twitter is pausing hiring and backfills, except for business critical roles.
The UK's Royal Mail wants to set up 50 drones to make deliveries to remote communities over the next three years. The plan would see the service secure up to 200 of the autonomous devices from Windracers. The first communities to benefit would be the Isles of Scilly, Shetland, Orkney, and the Hebrides.