Microsoft has taken a significant step to address regulatory concerns in the UK as it strives to finalize its massive acquisition of Activision Blizzard. The companies have jointly presented a fresh proposal to the UK’s antitrust watchdog, the Competition and Markets Authority (CMA), which stands as the sole global regulator hindering the $69 billion deal….
WhatsApp users have been warned about a new update that introduces a ‘Screen Share’ feature, allowing contacts to view the content displayed on a smartphone screen. This recent change is part of WhatsApp’s ongoing efforts to enhance user experience. Over the years, WhatsApp has implemented various updates, such as message reactions, custom stickers, chat encryption,…
Sportswear giant Nike has unveiled the Nike Zoom Freak 5, a cutting-edge basketball shoe crafted specifically for NBA superstar Giannis Antetokounmpo. This innovative shoe boasts responsive Zoom Air cushioning that ensures optimal comfort and energy return, catering to the intense demands of the sport. Its sturdy construction, coupled with a specialized traction pattern, guarantees remarkable…
Toyota, a leading automobile manufacturer, has initiated a voluntary recall affecting specific 2022 and 2023 Tundra and Tundra Hybrid trucks, marking its most substantial recall action of 2023. The announcement comes in response to a potential safety concern that affects approximately 168,000 vehicles in the United States. On Thursday, Toyota revealed that the identified vehicles…
Meta, the parent company of social media giants Facebook and Instagram, has taken steps to comply with recently passed legislation in Canada that requires tech companies to negotiate payments to news organizations for hosting their content. In response to this new law, Meta has started removing news content from its platforms in Canada. Canadian users…
The San Francisco Department of Building Inspection officials made an observation on Monday morning regarding the removal of the new “X” sign on top of the building previously known as Twitter’s headquarters. The department’s spokesman, Patrick Hannan, reported that the sign was being dismantled. This development comes in response to the company being served a…
President Bola Tinubu has expressed the Federal Government’s readiness to collaborate with global tech giant Google Incorporated in its endeavour to generate one million digital jobs in Nigeria. The president made this assurance during a visit from Google Global Vice President, Richard Gingras, at the State House on Friday. Acknowledging Nigeria’s pool of creative and…
Adidas is making a significant move to clear out the remaining inventory of its once-lucrative collaboration with Ye, the former Kanye West. The sportswear giant has faced pressure from investors to handle the merchandise after terminating its partnership with Ye in 2022 due to his offensive and antisemitic remarks. In May, Adidas announced its plan…
This week, WhatsApp, the messaging app owned by Meta, made a significant announcement, revealing a new feature that allows users to record and send video clips directly within the app. The instant video messages can be up to 60 seconds long and will benefit from the app’s robust end-to-end encryption service. In a blog post…
On Wednesday, Meta, the parent company of Facebook, released its financial results for the second quarter ending in June, surpassing Wall Street’s expectations. The company reported a revenue of $32 billion, an 11% increase compared to the same period last year. Additionally, Meta’s profits for the quarter reached $7.79 billion, marking a 16% increase from…
Gap, the American retail giant, has announced the appointment of Richard Dickson as its new CEO, nearly a year after the departure of its previous leader. Currently serving as Mattel’s president and chief operating officer, Dickson will take on the role at Gap, bringing with him a wealth of experience from his 20-year tenure at…
Lionel Messi’s arrival at Inter Miami has sent fans into a frenzy, with his home jersey, also known as “The Heart Beat Kit,” becoming an instant hit. The demand for Messi’s jersey has been so overwhelming that it has reportedly boosted Inter Miami’s jersey sales by an incredible 25 times since its release. The Authentic…
Fisayo Fosudo’s guest on this episode of “The Leaderboard” is Nigerian chef and culinary content creator Ify Mogekwu of Ify’s Kitchen. Enjoy the video below.
TikTok, the popular video streaming platform, is venturing into uncharted territory by allowing users to post text-only content for the first time. In a direct challenge to Elon Musk’s embattled X (formerly known as Twitter), TikTok announced the new post format, aiming to expand options for creators to express their ideas and creativity. The company…
In a surprising move, tech mogul Elon Musk, owner of Twitter, has embarked on a radical rebranding campaign, introducing a striking change to the social media platform’s logo. In an early Sunday announcement, Musk declared his intention to replace Twitter’s iconic bird logo with the letter “X.” The transformation began swiftly, as Musk tweeted on…
In a surprising turn of events on Sunday, billionaire entrepreneur Elon Musk took to his official Twitter account to announce some major changes coming to the popular social media platform, Twitter. Musk declared that Twitter would be bidding farewell to its iconic bird logo, replacing it with an “X,” and furthermore, all the birds would…
Theophilus Akhimie, a U.S.-based Nigerian brand and marketing expert, and an avid enthusiast of the entertainment industry, is eagerly looking forward to the forthcoming 2023 edition of the prestigious Headies Awards. The event promises to be an electrifying celebration of Afrobeats’ growing explosion and the remarkable achievements of Nigerian musical artists worldwide. Among the numerous…
Following its launch two weeks ago, Meta’s Twitter competitor Threads saw an impressive surge in user signups, surpassing 100 million in under a week. However, recent data indicates that the initial excitement may be dwindling as user engagement has slowed down. According to a report by web traffic analysis firm Similarweb, Threads’ daily active users…
Microsoft and Activision have jointly announced an extension of their merger deadline by three months, signaling their commitment to completing the $69 billion acquisition despite ongoing negotiations with the UK government. The new deadline for finalizing the deal is set for October 18, with the previous deadline being July 18. Brad Smith, Microsoft’s vice chair…
Spain’s antitrust regulator, known as CNMC, has levied substantial fines on tech giants Amazon and Apple, totalling €194.1 million ($218 million), for colluding to limit competition on the Amazon platform in Spain. The fines were imposed due to anti-competitive clauses present in two contracts signed by the companies on October 31, 2018, which granted Amazon…
Meta’s Twitter competitor, Threads, has introduced a significant update to the app, aiming to maintain its momentum since its launch two weeks ago. The latest features include a translation button and a dedicated tab in users’ activity feed, showing who has followed them. Cameron Roth, a software engineer working on Threads, announced the updates, assuring…
Egyptian cashless payments app, Flash, has successfully raised $6 million in a funding round led by Addition, with participation from Flourish Ventures and several strategic angel investors. The fresh capital injection will be utilized to bolster the company’s product development efforts and expand its customer base in Egypt. Additionally, Flash has secured approval from the…
In one of the largest shareholder settlements of its kind, Tesla directors have agreed to return $735 million to the company to resolve claims of grossly overpaying themselves. According to a court filing in a Delaware court on Monday, the settlement stems from a 2020 lawsuit brought by a retirement fund holding Tesla (TSLA) stock,…
A first-edition 2007 Apple iPhone has fetched an astounding $190,372.80 at auction, surpassing initial estimates and earning the title of “Holy Grail” by auctioneer LCG Auctions. The 4GB model, considered an extraordinary collectible, was initially expected to sell for around $50,000 to $100,000. However, a bidding war ensued during the online auction, attracting 28 bids…
Federal Appeals Court Clears the Way for Microsoft’s Acquisition of Activision BlizzardIn a significant setback for the Federal Trade Commission (FTC), a federal appeals court has decided not to block Microsoft (MSFT) from finalizing its $69 billion acquisition of Activision Blizzard. This ruling marks the second major defeat for the FTC this week in a…
Chinese fast-fashion giant Shein is facing a lawsuit filed by three graphic designers who accuse the company of “egregious” copyright infringement and racketeering. The lawsuit was filed in a California federal court on Tuesday, claiming that Shein produced and sold exact copies of the designers’ work. The plaintiffs argue that Shein relies on “secretive algorithms”…
According to an estimate from Anderson Economic Group, a Michigan-based economic research firm, a 10-day strike by UPS workers could potentially cost the US economy a staggering $7.1 billion. If this were to occur, it would become the most expensive work stoppage in US history, causing significant and lasting harm to small businesses, household workers,…
The board of The Walt Disney Company has unanimously voted to extend CEO Bob Iger’s contract by two years, until the end of 2026. When Iger returned to the CEO position in 2022, he had initially planned to stay for two years while a replacement was sought. In a statement, Iger acknowledged the challenging decisions…
Elon Musk has announced the establishment of a new company, xAI, focusing on artificial intelligence, in his ongoing efforts to create a competitor to ChatGPT. The newly unveiled xAI company has launched a website and assembled a team of twelve employees, with Musk at the helm, and plans to collaborate closely with X (Twitter), Tesla,…
Google, its parent company Alphabet, and its AI subsidiary DeepMind are facing a proposed class-action lawsuit in California, filed by Clarkson Law Firm, alleging that the tech giant scraped data from millions of users without consent and violated copyright laws to train its AI products. The complaint claims that Google secretly stole data from Americans…
Elon Musk’s persistent Twitter foe, Jack Sweeney, has migrated to Meta’s competing platform, Threads, after launching an account named “elonmusksjet” last week. Sweeney gained attention for his ElonJet Twitter account, which used a bot to track Musk’s private jet, leading to Musk offering him $5,000 to stop posting the jet’s location. In December, Musk permanently…
Modelo Especial, a Mexican-made beer, has reclaimed the title of the top-selling beer in the United States for the second consecutive month, surpassing Bud Light. According to data from NIQ provided to consulting firm Bump Williams, Modelo Especial secured 8.7% of overall beer sales for the four-week period ending on July 1, surpassing Bud Light’s…
Twitter’s future hangs in the balance as the launch of rival app Threads from Meta threatens its already struggling business, with the new app surpassing 100 million users in less than a week, raising concerns about Twitter’s ability to retain its audience. Recent data from Cloudflare and Similarweb shows a noticeable decline in Twitter usage,…
Celsius Holdings, known for its calorie-burning energy drinks, has often been dubbed a “baby Monster” in reference to its rival, Monster Beverage. However, with Celsius experiencing significant growth and stock appreciation, Monster is taking notice. In a reactionary move, Monster has announced its acquisition of Vital Pharmaceuticals, the maker of Bang energy drinks. While some…
Mercedes-Benz has announced that starting next year, its electric vehicle drivers will be able to use Tesla’s superchargers, with plans to fully adopt Tesla’s charging standard by 2025. This move by Mercedes-Benz follows similar agreements made by other automakers, further solidifying Tesla’s position as a widely accepted standard in the electric vehicle industry. As part…
Last year brought a series of challenges for Meta CEO Mark Zuckerberg, from the Facebook Papers revelations to skepticism surrounding the company’s rebranding as Meta. However, an unexpected turn of events involving Elon Musk and Twitter shifted the spotlight onto a new battleground, with Zuckerberg emerging as the victor. In the ever-evolving landscape of social…
In less than 48 hours, Meta’s Twitter rival Threads has gained over 70 million sign-ups, prompting concerns about the accumulation of power for Meta and CEO Mark Zuckerberg, as some users worry about a potential monopoly. The success of Threads can be attributed to the dissatisfaction with Elon Musk’s ownership of Twitter and the integration…
Samsung Electronics reported a predicted 96% drop in second-quarter operating profit, estimating it to be 600 billion won ($459 million), largely in line with forecasts and the company’s lowest profit for any quarter since 2009. The profit estimate aligns with a 555 billion won Refinitiv SmartEstimate, with Samsung shares falling 1.4% in early trade. Losses…
Twitter is considering legal action against Meta, the parent company of Facebook, following the launch of Meta’s new Twitter competitor, Threads, signaling Twitter’s view of the app as a significant rival. In a letter sent to Meta CEO Mark Zuckerberg by Twitter’s attorney, it is alleged that Meta engaged in trade secret theft by hiring…
Tommy Hilfiger’s President and Chief Brand Officer, Avery Baker, has announced her departure after 24 years with the luxury fashion brand. The company has not yet revealed who will succeed Baker, who made the announcement on LinkedIn and highlighted her role in guiding the brand through the challenges of the COVID-19 pandemic. Baker expressed her…
Meta’s newly-launched Threads app attracted 30 million users 24 hours after it was launched, according to Mark Zuckerberg, the CEO of Meta, who described the app as a “friendly” competitor to Twitter, owned by Elon Musk since October; experts believe Threads could appeal to dissatisfied Twitter users due to recent changes on the platform. “Wow,…
Meta, the parent company of Facebook, has launched its latest app, Threads, in a direct challenge to Twitter’s real-time conversation space. The app, which bears many similarities to Twitter in terms of layout and features, aims to provide a platform for real-time conversations and connecting with like-minded people. Meta CEO Mark Zuckerberg expressed his vision…
The rivalry between Mark Zuckerberg and Elon Musk escalates as Zuckerberg’s Meta teases Threads, a new app challenging Twitter’s real-time conversation space, set to launch on Thursday.Threads, resembling Twitter, emphasizes conversations, building a following, and connecting with like-minded people, according to the App Store description. The App Store description of the app offers a clear…
An Australian project management firm has filed a lawsuit against Twitter in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries, court filings showed. Sydney-based private company Facilitate Corp on June 29 filed the suit in the United States District Court for…
With just five words, a recent tweet from Kraft Heinz sparked a bit of a debate about how you should store your ketchup. “FYI,” began the tweet from the United Kingdom-based branch of the food and beverage company. “Ketchup. Goes. In. The. Fridge!!!” Kraft Heinz, whose ketchup is among its popular condiments, shared the heavily…
BYD outpaced Tesla in the second quarter as the Chinese carmaker posted record sales of hybrid and electric vehicles. Between April and June, BYD (BYDDF) sold more than 700,000 vehicles, almost double the number sold in the same quarter last year and setting a new quarterly record. On Sunday, Tesla (TSLA) announced it had achieved…
The tragic passing of the legendary Kobe Bryant, his daughter Gigi, and the helicopter crew in 2020 sent shockwaves through the world. As fans mourned the loss of the basketball icon, there was an unprecedented surge in demand for his sneakers. Finding a pair of Kobe sneakers at a reasonable price became nearly impossible. The…
Apple has once again achieved a remarkable milestone by becoming the only company ever to reach a market value of $3 trillion. On Friday, Apple’s shares rose 1%, reaching a record price of $191.34. With 15.7 billion shares outstanding, this surge in stock price propelled Apple to its historic market value. Although Apple had briefly…
In response to the increasing demand for transparency in artificial intelligence, Meta has unveiled a range of tools and information designed to help users understand how AI influences the content they see on its apps. The social media giant has introduced nearly two dozen explainers that focus on various features of its platforms, including Instagram…
Pepsi, known for being a popular beverage accompaniment to hot dogs, is breaking tradition with its latest creation, “Pepsi Colachup,” a condiment infused with Pepsi. Developed in collaboration with the Culinary Institute of America, this limited-edition sauce aims to enhance the flavor of hot dogs by incorporating the rich caramel notes and citrusy pop of…
