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Google and Apple urged to ditch TikTok amid data security concerns

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Google and Apple are being urged to take down TikTok as concerns continue to grow around data being sent to China

A U.S. Federal Communications Commission member, Brendan Carr, says that TikTok poses an unacceptable national security risk due to data harvesting and Beijing’s apparent unchecked access to sensitive information.

The request will unlikely be accepted, as the Federal Communications Commissioner is not responsible for regulating app stores.

It comes as a Buzzfeed report found that employees of TikTok’s parent company, Bytedance, had been accessing U.S. users’ private information.

Carr says he will give Apple and Google until the 8th of July to respond to his request and to explain why they won’t remove the app from their app stores.

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Brad Pitt foundation to pay $20.5m

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Brad Pitt fronted a campaign following the natural disaster, promising to build a large number of environmentally-sustainable homes at the epicentre of the storm, and then sell them to the flood victims below cost.

The bold concept was met with fanfare from right around the world, with Pitt himself labelling the scheme as “a proof-of-concept for low-income green building”.

However, the properties began to deteriorate almost immediately after the owners moved in.

13-years later, the construction company has agreed to pay over $20 million in compensation to those affected.

Pitt has long denied any responsibility for the failures.

Photo Credit: Daily Mail

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This investor sold its equity stake in Twitter during Musk takeover saga

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A Securities and Exchange filing has showed active investor Elliott Management has sold its equity stake, as well as cutting its exposure, to Twitter

The company previously held 10 million stocks in the social media giant, and was one of its major shareholders.

Twitter’s stock price dramatically rose in April, on the back of Elon Musk wanting to buy the company for approximately $44billion.

The after-effects of the takeover saga are still ongoing, with the billionaire and Twitter embroiled in a legal battle.

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Why a Bitcoin mining company is going against a major merger

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Bitcoin mining company PrimeBlock has ended plans to go public via a specialpurpose acquisition company (SPAC) merger with 10X Capital.

The firms terminated the agreement via mutual consent, according to a US Securities and Exchange Commission filing.

Plans for the merger were confirmed in April, with expectations that it would be completed in the second half of 2022, carrying an enterprise value of $1.25billion.

No official reason has been given for the decision, but it is believed the volatility of both the crypto and mainstream markets in recent months may be a factor.

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