Apple is becoming an ad company despite privacy claims

For years, Apple watched Google and Meta make billions by collecting every scrap of people’s data to target them with ads. Now it appears it was just taking notes. Apple’s advertising operation follows the surveillance capitalism model of its rivals, using data it collects from various Apple services and your Apple account to show you ads in the App Store as well as its News and Stocks apps.
Read more: https://proton.me/blog/apple-ad-company?source=Snapzu

Amazon workers strike in the US and 30 other countries on Black Friday in global 'Make Amazon Pay' campaign

Black Friday kicks off the holiday shopping season. For Amazon, it's already off to a rocky start. Today, Amazon workers and activists are protesting to secure better working conditions across the globe. The campaign is led by Make Amazon Pay, a coalition of 70 trade unions and organizations including Greenpeace, Oxfam, and Amazon Workers International.
Read more: https://www.businessinsider.com/make-amazon-pay-warehouse-strike-protest-black-friday-2022-11?source=Snapzu

Balenciaga files $25M suit against producers of controversial ‘BDSM teddy bear’ ad campaign

Balenciaga has filed a $25 million lawsuit against the producers of a controversial ad campaign that included a child pornography court ruling and BDSM teddy bears, new court papers show. The fashion house brought the suit Friday against production company North Six, Inc. and set designer Nicholas Des Jardins and his eponymous company for the inclusion in one of the ads of legal documents from a US Supreme Court decision on child porn laws.
Read more: https://nypost.com/2022/11/25/balenciaga-files-25m-suit-against-bdsm-teddy-bear-ad-producers/?source=Snapzu

Half of Twitter's top advertisers appear to leave platform within a month of Musk's takeover, report says

Just 50 Twitter advertisers have spent nearly $2 billion since 2020, and all seem to have stopped, according to new report.
Read more: https://www.cbsnews.com/news/twitter-elon-musk-advertisers/?source=Snapzu

Google: 60% Of The Internet Is Duplicate

And you think you have a duplicate content problem on your site?
Read more: https://www.seroundtable.com/google-60-percent-of-the-internet-is-duplicate-34469.html?source=Snapzu

Ford recalls 634,000 vehicles worldwide over fire risks

Ford Motor Co is recalling 634,000 sport utility vehicles (SUVs) worldwide over fire risks from possible cracked fuel injectors and will urge owners to have their cars inspected, it said on Thursday.
Read more: https://www.reuters.com/business/autos-transportation/ford-recalls-nearly-519000-us-vehicles-over-fire-risks-2022-11-24/?source=Snapzu

Perspective | It’s not your imagination: Shopping on Amazon has gotten worse

Most of what you see at first on Amazon is now an ad.
Read more: https://www.washingtonpost.com/technology/interactive/2022/amazon-shopping-ads/?source=Snapzu

Western Farmers Are Strapped for Water. These Technologies May Help.

Amid a historic drought and a rising population, new devices and approaches can help ease the strain on water resources for agriculture.
Read more: https://pgsignal.com/2022/11/08/western-farmers-are-strapped-for-water-these-technologies-may-help?source=Snapzu

Amazon’s already greenlit an FTX miniseries

Though the real world impacts of FTX’s spectacular crash have yet to fully settle, Amazon’s reportedly moving forward with a miniseries about the bankrupt crypto exchange and its infamous former CEO Sam Bankman-Fried
Read more: https://www.theverge.com/2022/11/23/23475998/amazon-ftx-show-sam-bankman-fried?source=Snapzu

Jeff Bezos announces 40 grants totaling $123 million to combat homelessness

Jeff Bezos is continuing to make good on his pledge to give away the majority his wealth, to the tune of $123 million today. The Amazon founder announced on Instagram Tuesday that he has recently awarded 40 grants as part of his Bezos Day 1 Families Fund initiative, which he launched in 2018. The donations are part of a $2 billion total commitment to combat homelessness.
Read more: https://edition.cnn.com/2022/11/22/business/jeff-bezos-day-1-fund-grants?source=Snapzu

The Most Profitable Company in China isn't Alibaba or Tencent, it's Apple due to corporate diplomacy led by CEO Tim Cook

It's being reported today that the most profitable tech company operating in China is not a homegrown internet giant such as Alibaba or Tencent, but California-based Apple.
Read more: https://www.patentlyapple.com/2022/11/the-most-profitable-company-in-china-isnt-alibaba-or-tencent-its-apple-due-to-corporate-diplomacy-led-by-ceo-tim-cook.html?source=Snapzu

McDonald’s and Walmart beef suppliers criticised for ‘reckless’ antibiotics use

Suppliers of beef to McDonald’s, Taco Bell and Walmart are sourcing meat from US farms that use antibiotics linked to the spread of dangerous superbugs, an investigation has found. Unpublished US government records obtained by the Bureau of Investigative Journalism and the Guardian show farms producing beef for meat packing firms Cargill, JBS, and Green Bay are risking public health by still using antibiotics classed as the “highest priority critically important” to human health (HP-CIAs).
Read more: https://www.theguardian.com/global/2022/nov/21/mcdonalds-and-walmart-beef-suppliers-put-public-health-at-risk-with-reckless-antibiotics-use?source=Snapzu

Sam Bankman-Fried Possibly Gambled Away FTX Investors Money

There are some huge tremors on the ground in the wake of FTX’s bankruptcy filing. The crypto exchange’s collapse has uncovered a massive scandal involving the CEO, his gambling penchant, and prominent names in the celebrity space.
Read more: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/?source=Snapzu

A homeowner is selling a $1.8 million property with a free Tesla car to make it stand out from the crowd

A homeowner is hoping to expedite the sale of their house by offering a free Tesla electric car worth $60,000 with the purchase. The seller of the house in Auckland, New Zealand, who is remaining anonymous, is hoping to combat market challenges to the sale of their seven-bed property, priced at $1.8 million, by adding in the unusual deal of a free car.
Read more: https://www.businessinsider.com/new-zealand-11m-home-comes-with-a-free-tesla-model-y-car-2022-11?source=Snapzu

Banksy Encourages Fans to Shoplift From Guess Since Company ‘Helped Themselves to My Artwork Without Asking’

Banksy told his followers to shoplift from the Regent Street Guess store in London after it displayed a collection that used his artwork without permission.
Read more: https://www.complex.com/style/banksy-encourages-fans-shoplift-guess-artwork?source=Snapzu

ID.me made “baseless” pandemic fraud claims to win contracts, Congress says

Online verification through ID.me was supposed to help the Internal Revenue Service (IRS) prevent widespread fraud while rushing unemployment benefits to those who needed it most during the pandemic. Instead, wait times to get verified for some stretched up to 10 hours, and in one case in California, actually took three days.
Read more: https://arstechnica.com/tech-policy/2022/11/id-me-made-baseless-pandemic-fraud-claims-to-win-contracts-congress-says/?source=Snapzu

220,000+ BTC Withdrawn from Exchanges in Week After FTX's Collapse

Investors have withdrawn 220K bitcoins from crypto exchanges in the week after the fall of FTX, according to data by Coinglass. The demise of Sam Bankman-Fried’s $32 billion crypto empire has affected not only crypto prices but seemingly investors’ confidence in centralized exchanges (CEX).
Read more: https://tokenist.com/220000-btc-withdrawn-from-exchanges-in-week-after-ftxs-collapse/?source=Snapzu

Ford CEO: 40% Less Labor To Build Electric Vehicles

Ford CEO Jim Farley made a blockbuster of a statement this week. According to the somewhat jovial and optimistic cousin of late comedic actor Chris Farley, producing electric vehicles requires about 40% less labor than producing the same number of fossil-powered cars.
Read more: https://cleantechnica.com/2022/11/16/ford-ceo-40-less-labor-to-build-electric-vehicles/?source=Snapzu

Investor tells Google: Cut costs, stop paying staff so much

Activist investor TCI Fund Management is calling on Google's parent Alphabet to pursue aggressive cost cutting on the back of a hiring spree during the pandemic, claiming the business could be more efficiently run. The UK-based hedge fund first bought Alphabet stock in 2017 and currently has shares valued at more than $6 billion in its portfolio, which it says indicates its belief in the future of the organization.
Read more: https://www.theregister.com/2022/11/16/tci_fund_google_cut_costs_waymo_compensation/?source=Snapzu

'We've definitely got a profit crisis': Is corporate gouging the biggest cause of inflation?

Soaring corporate profits are being blamed for fuelling inflation, as figures show companies in Australia are enjoying sky-rocketing profits despite the pandemic.
Read more: https://www.abc.net.au/news/2022-11-15/profit-crisis-the-inflation-driving-pressure-we-don-t-talk-about/101631802?source=Snapzu

A software engineer from India says he was fired by Meta 2 days after he moved to Canada for his job

A Meta employee says he was laid off from the company two days after relocating from India to Canada for work. Himanshu V., a software engineer from India, wrote in a LinkedIn post on November 10 that he was one of the thousands of employees affected by Meta's mass layoffs. "I relocated to Canada to join #Meta and 2 days after joining, my journey came to an end as I am impacted by the massive layoff," Himanshu, a software engineer, wrote in the post. "My heart goes out to everyone facing a difficult situation right now."
Read more: https://www.businessinsider.com/meta-employee-fired-two-days-after-moving-to-canada-post-2022-11?source=Snapzu

Exclusive: Jeff Bezos says he will give most of his money to charity

Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.
Read more: https://edition.cnn.com/2022/11/14/business/jeff-bezos-charity/index.html?source=Snapzu

At least $1bn in investor assets missing after FTX collapse

Amid the fallout of the implosion of FTX, once the second-largest cryptocurrency exchange, at least $1bn in investor assets appears to be missing, according to multiple reports. On Saturday morning, Reuters reported that FTX was missing at least $1bn in client funds, according to two anonymous sources who held senior positions at FTX and said they had been briefed on the company’s finances. The sources claimed the funds were part of $10bn in client funds that the FTX founder, Sam Bankman-Fried, secretly transferred to Alameda Research, the hedge fund he owns.
Read more: https://www.theguardian.com/technology/2022/nov/12/ftx-collapse-missing-funds?source=Snapzu

The Fall of FTX Seems to Have Completely Screwed Over Tom Brady

Tom Brady is gradually realizing that you can’t win them all, even if we are simply referring to the 2022–23 NFL season and his current losing record. The former quarterback had invested in the crypto exchange FTX and even served as the company’s public face before it abruptly collapsed this week. We can only speculate on how much money Brady truly lost, given that FTX is already bleeding $8 billion and is rapidly approaching bankruptcy.
Read more: https://103degrees.com/the-fall-of-ftx-seems-to-have-completely-screwed-over-tom-brady/?source=Snapzu

The dark side of Dubai: Instagram stars sell sex to fund lavish lifestyle

Bloggers paid to sell a rosy image of emirate are also selling their bodies — some for £7,000 a night — to fund their lavish lifestyles
Read more: https://www.thetimes.co.uk/article/the-dark-side-of-dubai-instagram-stars-sell-sex-to-fund-lavish-lifestyle-krs38kpnn?source=Snapzu

As Taylor Swift Rerecorded Her ‘Red’ Album, Universal Reworked Contracts

Taylor Swift’s rerecordings of her music catalog, including the “Red” album, are going viral on TikTok and outperforming the originals on streaming services—and her label, Universal Music Group, has tightened up terms with other artists.
Read more: https://www.wsj.com/articles/as-taylor-swift-rerecorded-her-red-album-universal-reworked-contracts-11636741201?source=Snapzu

Twitter Could Go Bankrupt, Elon Says

Twitter is going to Hell in a handbasket. Wait no — that’s a dumpster. Oh look, it’s full of money. Aaannnnd it’s on fire. Apparently, things at the birdsite aren’t going so great. Actually, the so-called “microphone of the masses” is in pretty bad shape. Bad enough that genius-billionaire investor Elon Musk is reportedly telling his staff (more of whom he says he intends to lay off) that bankruptcy is now on the table.
Read more: https://gizmodo.com/twitter-could-go-bankrupt-musk-says-1849770434?source=Snapzu

Kanye West's worst nightmare is coming true — Adidas plans to sell Yeezys under new branding

Adidas intends to release more Yeezys, but without Ye, as early as next year, the company said on its quarterly earnings call November 9. Adidas began its partnership with Ye, formerly known as Kanye West, in 2013. The nine-year relationship proved to be financially successful but turbulent. Adidas ultimately cut ties with the musician and fashion designer on October 25 in the wake of antisemitic comments and a string of public criticisms from him.
Read more: https://www.businessinsider.com/adidas-to-sell-yeezys-under-new-name-after-parting-ways-with-kanye-west-2022-11?source=Snapzu

Chinese chip designers slow down processors to dodge US sanctions

Alibaba and start-up Biren Technology are tweaking their most advanced chip designs to reduce processing speeds and avoid US-imposed sanctions aimed at suppressing Chinese computing power.
Read more: https://arstechnica.com/tech-policy/2022/11/chinese-chip-designers-slow-down-processors-to-dodge-us-sanctions/?source=Snapzu

Apple Is Now Valued More Than Alphabet, Amazon and Meta Combined

Apple is now worth more than fellow tech giants Alphabet, Amazon and Meta combined, after it ended trading Wednesday with a market value of $2.307 trillion. At the same time, the market caps of its three tech giant peers added up to $2.306 trillion at the close of trading Wednesday. Google parent Alphabet's market cap stood at $1.126 trillion, Amazon's at $939.78 billion and Facebook parent Meta's at $240.07 billion, Yahoo Finance data showed.
Read more: https://www.entrepreneur.com/business-news/apple-is-now-valued-more-than-alphabet-amazon-and-meta/438474?source=Snapzu

One year later, Apple's privacy changes helped boost its own ads business, report finds

A new report examing the impact of Apple’s privacy feature, App Tracking Transparency, indicates Apple’s ads business appears to have financially benefitted as a result of the feature’s launch. Now over a year old, App Tracking Transparency, or ATT, reached mass adoption in June 2021, allowing for a comparative year-over-year analysis of the post-ATT mobile ads landscape, which finds how Apple has benefitted from the privacy update.
Read more: https://techcrunch.com/2022/09/06/one-year-later-apples-privacy-changes-helped-boost-its-own-ads-business-report-finds/?source=Snapzu

General Mills latest to halt Twitter ads as Musk takeover sparks brand exodus

Cheerios and Lucky Charms cereal company joins General Motors Co and Audi among others in pulling money from the platform
Read more: https://www.theguardian.com/technology/2022/nov/03/general-mills-twitter-ads-halt-musk-takeover?source=Snapzu

Ford takes $2.7 billion hit as it drops efforts to develop full self-driving cars

Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it's going to cost the automaker $2.7 billion to walk away.
Read more: https://www.cnn.com/2022/10/26/tech/ford-self-driving-argo-shutdown/index.html?source=Snapzu