reader comments 46 FTX, the bankrupt cryptocurrency exchange formerly helmed by fraudster Sam Bankman-Fried, has agreed to pay $12.7 billion to customers blindsided by Bankman-Fried’s deceptions covering up FTX’s flagrant misuse of customer funds. In an order yesterday, US District Judge P. Kevin Castel said that FTX must pay $8.7 billion in restitution to victims ..
Tag : Policy
reader comments 52 Google and Meta made a secret deal to target advertisements for Instagram to teenagers on YouTube, skirting the search company’s own rules for how minors are treated online. According to documents seen by the Financial Times and people familiar with the matter, Google worked on a marketing project for Meta that was ..
Aurich Lawson reader comments 135 After US District Judge Amit Mehta ruled that Google has a monopoly in two markets—general search services and general text advertising—everybody is wondering how Google might be forced to change its search business. Specifically, the judge ruled that Google’s exclusive deals with browser and device developers secured Google’s monopoly. These ..
Enlarge / Delta Air Lines customers looking for missing bags wait in line at Los Angeles International Airport (LAX) on July 24, 2024. Getty Images | Patrick T. Fallon reader comments 33 Microsoft says that Delta Air Lines’ ancient IT infrastructure is to blame for the airline’s inability to quickly recover from last month’s CrowdStrike ..
Aurich Lawson | Getty Images reader comments 482 Elon Musk’s X Corp. today sued the World Federation of Advertisers and several large corporations, claiming they “conspired, along with dozens of non-defendant co-conspirators, to collectively withhold billions of dollars in advertising revenue” from the social network formerly known as Twitter. “We tried peace for 2 years, ..
reader comments 25 Doesn’t CrowdStrike have more important things to do right now than try to take down a parody site? That’s what IT consultant David Senk wondered when CrowdStrike sent a Digital Millennium Copyright Act (DMCA) takedown notice targeting his parody site ClownStrike. Senk created ClownStrike in the aftermath of the largest IT outage the ..
A Google data center in Douglas County, Georgia. reader comments 39 This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Sign up for Dispatches to get stories like this one as soon as they are published. When lawmakers in Washington set out to expand a lucrative tax break for ..
Getty Images | Rudy Sulgan reader comments 60 This article originally appeared on Inside Climate News, a nonprofit, independent news organization that covers climate, energy, and the environment. It is republished with permission. Sign up for its newsletter here. Among the many obstacles to enacting federal limits on climate pollution, none has been more daunting ..
reader comments 26 The US Department of Justice sued TikTok today, accusing the short-video platform of illegally collecting data on millions of kids and demanding a permanent injunction “to put an end to TikTok’s unlawful massive-scale invasions of children’s privacy.” The DOJ said that TikTok had violated the Children’s Online Privacy Protection Act of 1998 ..
Enlarge / Sam Altman, chief executive officer of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. reader comments 71 OpenAI is facing increasing pressure to prove it’s not hiding AI risks after whistleblowers alleged to the US Securities ..
