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U.S court rejects Facebook’s petition to dismiss FTC’s anti-trust probe – Top Tech News

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U.S court rejects Facebook’s petition to dismiss FTC’s anti-trust probe

Mark Zuckerberg at the U.S. Congress hearing
Image Credits: Flickr Steven Stern

A U.S court has rejected Facebook’s parent company Meta’s petition to stop FTC’s anti-trust probe against the company. The rejection of lawsuit will be perceived as another setback for the social media company, which has been facing relentless regulatory scrutiny since last year’s whistleblower scandal. Apart from anti-competitive practices, FTC’s lawsuit has asked Meta to sells Instagram and Whatsapp, which are among the most used social media platforms in the world (Read more)         


Spotify to shut down its namesake podcast show ‘Studio 4’ or ‘Spotify Studio’  

Image Source: Flickr

Spotify has said that it is closing down its namesake podcast show ‘Studio 4 or Spotify Studio’ from January. Nearly 10-15 employees oversaw the functioning of Spotify Studio. They have been officially put on a notice period. Spotify Studio produced shows like Dissect and Chapo: Kingpin on Trail.  As per reports, the podcast show was close down due to poor response (Read more)     


Meta Onboards Doordash’s Co-founder & CEO to its board of director team

DoorDash’s co-founder and CEO Tony XU . Image credit:

Facebook’s parent company Meta announced on Tuesday that DoorDash’s co-founder and CEO Tony XU to its board of directors team. Following this appointment, the total strength of Meta’s board of director has now reached to 10. XU’s appointment will be effective immediately, Meta said in its statement. Last year, XU oversaw Doordash’s blockbuster IPO (Read more)


Tesla sold record number of made in China cars in December

Elon Musk standing besides Tesla car…Image source: Flickr

According to the China Passenger Car Association (CPCA), Tesla sold 70,847 made-in-China vehicles in December. This is the highest monthly rate for made-in-China vehicles ever since Tesla started manufacturing its vehicles in the Shanghai factory. According to the data, Tesla’s export of made-in-China vehicles also increased impressively in December (Read more)


Kim Kardashian sued over Cryptocurrency scam  

photo of US celebrity Kim Kardashian. Image credit: Flickr

Kim Kardashian, Flyod Mayweather Jr among other high profile celebrities have been sued for allegedly misleading investors to invest in Crypto scheme that has been dubbed as Cryptocurrency “pump and dump” scam. Kardashian and others have been accused of making false or misleading statements to investors about EtrhereumMax through social media ads and other promotional activities. The case has been filed by New York resident Ryan Huegerich (Read more)       

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