Amazon has announced the closure of its charity donation program, AmazonSmile, after 10 years of operation. The program allowed shoppers to donate a small percentage of eligible purchases to a charity of their choice, and has resulted in $500 million in donations with an average donation of less than $230 per charity. Charities enrolled in the program will receive a one-time donation equivalent to three months of what they would have earned through AmazonSmile. The closure is part of Amazon's cost-cutting strategy, and the company has yet to announce what other initiatives may replace the program.
Posts published in “Tech”
Donald Trump has requested that his Facebook account be reinstated after it was blocked in response to the U.S. Capitol riot in January 2021. His campaign has argued that the ban has "dramatically distorted and inhibited the public discourse." Meta's expert-led oversight board has criticized the ban, and Trump has access to his Twitter account again. It is yet to be seen if Meta will accept Trump's request and what terms and conditions will be attached.
Elon Musk is leading a major transition at Twitter, symbolically represented by his entrance to the company's headquarters carrying a sink. The company is now auctioning off office furniture, memorabilia, and kitchen equipment from its San Francisco offices as a way to send a message about the new direction. Musk is determined to make the transition a success, and has tweeted "let that sink in" to emphasize his point.
Microsoft has announced that it will lay off 10,000 employees over the next eight months as part of cost-cutting measures in response to the global economic slowdown. The affected employees will receive 60 days' notice, health care coverage, stock vesting, and severance pay. Microsoft CEO Satya Nadella said the company is taking steps to weather any economic conditions while investing in its future. The layoffs come as Microsoft continues to invest in new technologies.
Elon Musk to Face Trial Over Tweet Claiming He Had Secured Financing for $72 Billion Buyout of Tesla
Elon Musk to Face Trial Over Tweet Claiming He Had Secured Financing for $72 Billion Buyout of Tesla
Elon Musk, the billionaire CEO of Tesla, is set to face a trial over a tweet he made in 2018 claiming he had secured financing for a $72 billion buyout of the company. The lawsuit alleges that the tweet was an attempt to manipulate the stock market and artificially inflate Tesla's stock price. Musk has denied the allegations, claiming that the tweet was an accurate reflection of his plans at the time, and the trial is expected to last several weeks with the outcome having a significant impact on Musk's reputation and the future of Tesla.
Virgin Orbit, a spaceflight company owned by Richard Branson, attempted to launch nine small satellites from a repurposed Boeing 747 jet, dubbed “Cosmic Girl”, on…
Amazon, one of the world’s largest e-commerce companies, announced Wednesday that it will be cutting over 18,000 jobs. This is a larger number than the…
Apple announced Wednesday that it will raise the price of battery replacements for all out-of-warranty iPhone models prior to the current iPhone 14 lineup. Starting…