Employees at COVID-stricken iPhone factory in China beaten, detained after protests

Employees at COVID-stricken iPhone factory in China beaten, detained after protests

BEIJING — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new model is delayed by controls imposed as China tries to contain a surge in COVID-19 cases. foxconn 2354, +0.20%, the biggest contract assembler of smartphones and other electronics, is struggling to fill orders for the iPhone … Read more

Read Elon Musk’s first email to all Twitter employees

Read Elon Musk's first email to all Twitter employees

In his first companywide email to Twitter employees, new owner and CEO Elon Musk said he was ending the social network’s “work from home forever” policy. Now, according to the email obtained by CNBC, Musk wants employees to be in a Twitter office at least 40 hours a week, and plans to personally approve any … Read more

Read Zuckerberg’s letter announcing the cuts

Read Zuckerberg's letter announcing the cuts

Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg said in a letter to employees Wednesday. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” Zuckerberg said in the letter. “I’ve decided to reduce the size of our team by about 13% and … Read more

Facebook lawsuit delivers on FTC chair Lina Khan’s progressive agenda

Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda

FTC Commissioner nominee Lina M. Khan testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Graeme Jennings | AFP | Getty Images Federal Trade Commission Chair Lina Khan’s lofty vision of bringing challenging cases to expand the bounds of antitrust enforcement is no … Read more

Facebook parent Meta earnings Q2 2022

Facebook parent Meta earnings Q2 2022

facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv Income: $28.82 billion vs. … Read more

Qualcomm (QCOM) earnings Q3 2022

Qualcomm (QCOM) earnings Q3 2022

Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance for the current quarter was short of consensus expectations. … Read more