Here are today’s top trending stories. Stories that we feel that every tech enthusiast should keep a tab on.
Elon Musk starts hunting for Twitter’s new CEO
Amid all the chaotic layoff surrounding Twitter, Elon Musk has now come up with a new plan. And this plan is to bring a new CEO who will handle the reins of the microblogging company. Musk has made it clear once he is clear with the overhauling of the company, he will step back and reduce the time he will dedicate to Twitter. Musk’s search for a new CEO has triggered a immediate response from Twitter’s Ex CEO Jack Dorsey that he is not interested in returning back to Twitter, a company that he left last year. Notably, Twitter currently does not have a CEO since Musk fired Twitter’s incumbent CEO Parag Agarwal.
Yet another Apple Store in the U.S. files for a Union
Apple’s trade union problem doesn’t seem to be stopping. Now a group of Apple Store employees in St. Louis, Missouri has reportedly filed for a union election. If the Apple employees in St. Louis store opts for a union then it will be the third store in the U.S. unionize itself. Notably, last week employees of Apple store in UK’s Glasgow have also reportedly filed for trade union application, making it the first Apple Store in the U.K to do so. Apple retail store employees have continuously complained about being under paid and about critical working condition. Apple, on other hand, has maintained that it does not support the unionization of its retail stores.
Facebook may not fact check ‘Trump’ as he announces 2024 Presidential Candidacy
According to unconfirmed media reports, Facebook has sent a memo to its fact checker staff that any news or information related to former President Donald Trump will be absolved from fact-checking. This development, which is yet to be confirmed, has come forth barely hours after Trump announced that he will be running for the presidential election in 2024. Trump continues to remain banned on Facebook but scores of fan pages dedicated to the former president are still very much active. And with Trump now officially announcing his candidacy, his Facebook fan pages are expected to become more agile and active. When Trump was America’s president, he was often accused of spreading misinformation and lies across social media platforms.
SoftBank to reduce its stake in Indian fintech Paytm
Japanese conglomerate SoftBank is all set to sell shares worth up to $215 Mn in Indian e payment giant Paytm. This is likely to bring SoftBank’s stake in the Noida based company from 17% to nearly 12%. The Japanese conglomerate will be making a partial exit with considerable loss as Paytm’s stocks have been down almost 70% ever since its high-profile listing last year. Meanwhile, the news of SoftBank’s partial stake sale in Paytm comes at a time when it has been forced to write down its investment in the bankrupt crypto exchange FTX.
Amazon officially begins its biggest ever layoff exercise
Amazon has kickstarted its biggest ever lay off exercise as the company starts preparing the list of potential employees and departments that are likely to be trimmed down. Amazon’s Hardware Chief Dave Limp has already written a memo to workers stating that the company will be informing the impacted workers pretty soon. As a matter of fact, some employees have already been notified that they are on a notice period for two months. Amazon plans to trim its workforce by almost 10,000 employees, making this Amazon’s biggest ever lay off exercise.