Month: July 2023

Tesla directors agree to return $735m to settle claims they were grossly overpaid

Shareholders sued the directors over stock option awards in 2017, accusing them of unfair and excessive compensation Tesla Inc’s directors will return $735m to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The settlement resolves …

Tesla directors agree to return $735m to settle claims they were grossly overpaid Read More »

Who are the ransomware gangs wreaking havoc on the world’s biggest companies? | Renee Dudley

It’s the defining cyber crime of the 2020s, and hackers are only just beginning to exploit its potential to make money and sow mayhem In the past year, some of the UK’s most recognised institutions, from the Guardian to Royal Mail, have been hit with the defining cyber crime of our time: ransomware. Hackers locking …

Who are the ransomware gangs wreaking havoc on the world’s biggest companies? | Renee Dudley Read More »

‘We used to check every day, now it’s every minute’: how we got addicted to weather apps

As unprecedented weather leads to increasing climate anxiety, there’s a raft of different apps catering for every kind of forecast One day in 2020, close to the beginning of the Covid-19 pandemic, Matt Rickett realized he was checking weather apps all the time. He immediately understood why: “Everything felt so unpredictable, so out of control,” …

‘We used to check every day, now it’s every minute’: how we got addicted to weather apps Read More »

Microsoft agrees to keep Call of Duty on PlayStation ahead of Activision buy

Software giant acquiesced after US trade commission expressed concern that Activision Blizzard acquisition would hurt gamers Microsoft has signed a binding agreement to ensure that the Call of Duty video game franchise remains available on Sony’s PlayStation platform after Microsoft’s $69bn acquisition of Activision Blizzard, the tech company said on Sunday, easing concerns from Sony …

Microsoft agrees to keep Call of Duty on PlayStation ahead of Activision buy Read More »

Elon Musk says Twitter cash flow still negative amid 50% drop in ad revenue

Latest sign that aggressive cost-cutting measures since Musk acquired Twitter are not enough to get cash flow positive Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow …

Elon Musk says Twitter cash flow still negative amid 50% drop in ad revenue Read More »

Extremist-friendly tech company closes after fine for securities fraud

Experts say LBRY’s failure casts shadow on future of other ‘alt-tech’ sites as Twitter becomes more receptive to far right LBRY, the company whose video-sharing technology and bespoke cryptocurrency once powered the extremist-friendly video platform Odysee, announced on Twitter this week that it would close its doors after a federal judge in New Hampshire fined …

Extremist-friendly tech company closes after fine for securities fraud Read More »

Colourful new discoveries from the early days of photography, 1980

The inventiveness and artistry of the Lumière brothers A nude woman reclines on a tumble of fabric, a flower in her hair and bracelet on her wrist, frankly challenging the viewer with her gaze. It’s almost Manet’s Olympia, but not quite. This photograph is an Autochrome, the process invented by Auguste and Louis Lumière in …

Colourful new discoveries from the early days of photography, 1980 Read More »