Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Elon Musk’s X age-discrimination case allowed to proceed by judge

Published

on

A federal judge in California has declined to dismiss a lawsuit against X, the social media platform previously known as Twitter, which alleges that the company disproportionately laid off older employees during Elon Musk’s acquisition of the company last year.

U.S. District Judge Susan Illston ruled on Tuesday that the plaintiff, John Zeman, had presented sufficient evidence to support his claim that the layoffs had a more significant impact on older workers, allowing the proposed class action to move forward.

Zeman’s lawsuit contends that X laid off 60% of employees aged 50 or above, and almost three-quarters of those aged over 60, in contrast to 54% of workers under 50.

While the judge dismissed Zeman’s assertion that X intentionally targeted older employees for layoffs, she granted him one month to revise and elaborate on that particular claim in an amended lawsuit.

Shannon Liss-Riordan, the attorney representing Zeman, welcomed the decision as validation of their arguments, asserting that the discrimination claims are valid and should proceed.

This lawsuit is just one of numerous legal challenges faced by X following Elon Musk’s decision to lay off around half of Twitter’s workforce in November of the previous year.

The cases against X encompass a range of claims, including allegations that the company carried out layoffs without the legally required advance notice, and contentions that Musk’s approach discriminated against employees with disabilities by insisting on in-person work and demanding increased dedication.

Several lawsuits are seeking compensation from the company, with at least two asserting that X owes former employees a combined total of $500 million in severance pay. X has denied any wrongdoing in relation to these cases.

Shannon Liss-Riordan is also representing approximately 2,000 former Twitter employees who have initiated similar legal proceedings against the company through arbitration.

Continue Reading

News

Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

Published

on

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


Download the Ticker app

Continue Reading

News

Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

Published

on

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


Download the Ticker app

Continue Reading

News

EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

Published

on

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


Download the Ticker app

Continue Reading

Trending Now