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+13 +2
Relativity Space inks deal with OneWeb
Relativity Space will be sending OneWeb’s second-gen broadband satellites to orbit starting in 2025 using its fully reusable 3D-printed rocket Terran R, under a new multi-launch agreement. This is the fifth customer for Terran R, and the only one that has been publicly named, bringing the total value of all binding launch agreements for that rocket to more than $1.2 billion.
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+14 +4
FTC sues Walmart for allegedly allowing money transfer services for fraud
The U.S. Federal Trade Commission said on Tuesday it sued Walmart, alleging the company had allowed scam artists to use its money transfer services for fraud that cost consumers “hundreds of millions of dollars.”
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+17 +4
TSMC may surpass Intel in quarterly revenue for first time
In yet another sign of how fortunes have changed in the semiconductor industry, Taiwanese foundry giant TSMC is expected to surpass Intel in quarterly revenue for the first time.
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+27 +2
Authors are protesting Amazon's e-book policy that allows users to read and return
Authors say readers are exploiting Amazon's seven-day return policy by using Amazon like a library and returning books after reading them.
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+18 +2
Tesla is laying off workers who only just started and withdrawing employment offers as Elon Musk's job cuts begin
Tesla workers who started their jobs only months or even weeks ago have been let go while others have had offers withdrawn as the company begins to impose cuts announced by Elon Musk in early June. Insider found a number of posts from Tesla employees who said they'd been laid off as part of the cut, while others had their job offers rescinded.
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+19 +2
Retail’s Going Metaverse Crazy, but 85 Percent of Gen Z ‘Indifferent’ About Brands’ Virtual Presence, Study Finds
Retail may be going gaga for gaming and all things metaverse for the moment, but if the incoming consumer target group — and easily the most tech-savvy generation — isn’t quite fazed by the frenzy, what gives?
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+13 +1
Tim Cook says "stay tuned" for Apple's AR's headset
Tim Cook teased Apple’s rumored AR/VR headset during an interview with a Chinese state-affiliated media on June 14. He expressed his excitement about AR and the opportunities in this space.
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+19 +4
Tesla worker rejects $15 million payout in race bias lawsuit
A Black former elevator operator at Tesla’s flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by coworkers, opening the door for a new trial after a judge slashed a $137 million jury verdict. Lawyers for Owen Diaz, who had sued Tesla in 2017, turned down the judge’s award in a brief filing in federal court in San Francisco. They said in a statement that the award was unjust and would not deter future misconduct by Tesla.
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+14 +2
CEO and COO of Pornhub parent company MindGeek abruptly resign
The CEO and CEO of MindGeek, the parent company of porn streaming giant Pornhub and others like it, have abruptly and unceremoniously resigned. The company says the departures were planned, but a report on the company’s moderation policies in the New Yorker last week gives them the air of leaving the scene of an accident.
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+31 +5
Alphabet is spending billions to become a force in health care
Rich countries pour heart-stopping amounts of money into health care. Advanced economies typically spend about 10% of gdp on keeping their citizens in good nick, a share that is rising as populations age. America’s labyrinthine health-industrial complex consumes 17% of gdp, equivalent to $3.6trn a year. The American system’s heft and inertia, perpetuated by the drugmakers, pharmacies, insurers, hospitals and others that benefit from it, have long protected it from disruption.
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+15 +3
Shifting the Costs of Recycling to Manufacturers, Not Consumers
Recycling in Maine, as in the rest of the country, has taken a double hit in recent years. In 2018, China stopped accepting the enormous quantities of US trash that used to provide raw materials for its factories. Suddenly, once profitable "recycling" (a lot of it was actually just offshoring) became a net cost that many communities could no longer afford. Then the pandemic accelerated the crisis with enormous amounts of packaging waste from online purchases.
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+16 +3
SpaceX fires employees involved in letter rebuking Musk
June 17 (Reuters) - Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm's culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to a Reuters request for comment.
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+25 +4
Apple battery row: Millions of iPhone users could get payouts in legal action
Millions of iPhone users could be eligible for payouts, following the launch of a legal claim accusing Apple of secretly slowing the performance of older phones. Justin Gutmann alleges the company misled users over an upgrade that it said would enhance performance but, in fact, slowed phones down. He is seeking damages of around £768m for up to 25 million UK iPhone users.
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+24 +4
“No widespread harassment” at Activision, says Activision
There is “no widespread harassment, or systemic harassment at Activision”, claim the findings of a new investigation, conducted and published by Activision. Over the last 12 months, two major lawsuits have been filed against Activision, claiming that some of its employees are victims of gender and sexual harassment, and that some of the company’s directors – despite being aware of various instances of misconduct – have failed to take appropriate action.
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+18 +2
Tesla has increased prices for all models in the US, with some rising by up to $6,000
Tesla has increased the price of its cars in the US amid ongoing supply chain issues. The company's wesbite previously showed the price of the Model X as $114,990 and currently shows a price of $120,990, representing a rise of $6,000. The Model Y long-range increased from $62,990 to $65,990, according to Tesla's website.
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+21 +3
Meta, Google, and Twitter are set to face huge fines if they don't tackle deepfakes and fake accounts on their platforms
The European Union is preparing to force tech companies to police manipulative accounts and content on their platforms or else face huge fines, according to an internal document seen by Reuters. The document seen by Reuters mandates signatories: "Adopt, reinforce and implement clear policies regarding impermissible manipulative behaviors and practices on their services, based on the latest evidence on the conducts and tactics, techniques and procedures (TTPs) employed by malicious actors."
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+20 +1
Binance Exchange Halts Bitcoin (BTC) Withdrawals Amid Turbulent Conditions
An official notification from the Binance team states that they are actively working on a solution. Zhao asserts that he expects the issue to be resolved in 30 mins.
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+22 +1
Coinbase CEO Tweets ‘Quit And Find A Company You Believe In’ To Disgruntled Employees
After cryptocurrency platform Coinbase announced at the beginning of June it would not only extend its hiring pause but “rescind a number of accepted offers,” a public backlash erupted on social media sites as people who had the rug pulled out from under them shared their tales of being jobless after excitedly anticipating a new position with the top-tier crypto platform.
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+27 +2
Meta slammed with lawsuits claiming social media hurts kids
Facebook and Instagram's parent biz, Meta, was hit with not one, not two, but eight different lawsuits accusing its social media algorithm of causing real harm to young users across the US. The complaints filed over the last week claim Meta's social media platforms have been designed to be dangerously addictive, driving children and teenagers to view content that increases the risk of eating disorders, suicide, depression, and sleep disorders.
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+26 +7
Google pays out $118 million to female staff who earned less than their male colleagues to settle lawsuit
Search giant was accused of paying more than 15,000 female staff $17,000 a year less than their male counterparts for the same work.
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