By Jennifer Korn A critical flaw in widely used software has cybersecurity experts raising alarms and big companies racing to fix the issue. The vulnerability, which was reported late last week, is in Java-based software known as “Log4j” that large organizations use to configure their applications — and it poses potential risks for much of
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By Clare Duffy, CNN Business The US Department of Labor has launched a whistleblower investigation into Apple, in the latest sign of tensions between the famously secretive company and its current and former employees spilling over into public view. “We can confirm that there is an open whistleblower investigation at Apple,” a Department of Labor
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By Rishi Iyengar, CNN Business Apple will once again require anyone inside its US retail stores to wear a mask as concerns mount over rising Covid-19 cases and the spread of the Omicron variant. “Amid rising cases in many communities, we now require that all customers join our team members in wearing masks while visiting
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By Sara Ashley O’Brien, CNN Business A group of employees at the controversial real-time crime alert startup, Citizen, voted in favor of forming a union. The Communications Workers of America confirmed that “a strong majority” of roughly 70 eligible workers voted to join its union in a National Labor Relations Board election, according to its
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By Brian Fung, CNN Individual users, not tech platforms, shoulder the responsibility for the spread of misinformation online, according to Andrew Bosworth, a top exec at Meta, the company formerly known as Facebook. In an interview over the weekend with Axios on HBO, Bosworth said it is not up to Meta to stifle the views
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By Akanksha Sharma, CNN Business Narendra Modi‘s Twitter handle was “very briefly compromised,” his office said, when a tweet was sent from the Indian Prime Minister’s account saying his country had adopted Bitcoin and would be distributing the cryptocurrency. “The matter was escalated to Twitter and the account has been immediately secured,” the Indian PM’s
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By Jennifer Korn Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back. Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to one analysis,
Continue Reading By Jennifer Korn Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back. Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to one analysis,
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By Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, became the subject of a federal review this fall after a group of 21 current and former employees co-signed an essay that raised serious questions about the safety of the company’s rockets — including the rocket making headlines for flying Bezos and other celebrities
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By Jennifer Korn Amazon is potentially misleading consumers by not being clear enough in indicating which of its search results are paid advertisements, according to a complaint filed with the Federal Trade Commission on Wednesday. More than a quarter of Amazon search results are sponsored by third parties and not adequately labeled to make that
Continue Reading By Jennifer Korn Amazon is potentially misleading consumers by not being clear enough in indicating which of its search results are paid advertisements, according to a complaint filed with the Federal Trade Commission on Wednesday. More than a quarter of Amazon search results are sponsored by third parties and not adequately labeled to make that
Continue Reading By Clare Duffy, CNN Business The independent board that oversees Facebook parent company, Meta, is once again urging the social media giant to be more transparent about its content moderation decisions. The Facebook Oversight Board on Thursday released two rulings overturning Meta’s decisions to remove user posts from its platforms, saying the content did not
Continue Reading By Rachel Metz, CNN Business Meta is bringing its vision of a so-called metaverse closer to (virtual) reality. The company formerly known as Facebook said Thursday that Horizon Worlds, a free app for socializing in VR that has been long in the making, is now open to anyone 18 and older with a Quest 2
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By Anna Cooban, CNN Business As many as four million European gig economy workers could become employees if new draft EU legislation becomes law. The European Commission proposed new rules for “digital platforms” on Thursday that could force ride-hailing and delivery firms such as Uber and Deliveroo to reclassify their contracted drivers as employees. The
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By Michelle Toh, CNN Business Meta, the owner of Facebook and Instagram, is further clamping down on content linked to Myanmar’s military amid pressure to step up safety controls in the country. The company announced Wednesday that it would ban military-controlled businesses from Facebook, wiping out their pages, groups and accounts. The move expands existing
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By Rob McLean, CNN Business Lyft is giving its employees another year to work remotely, a dramatic step among major businesses that are continuing to delay a return to the office. The rideshare company said Wednesday that it won’t require its staff to return to the office until 2023. Lyft did not cite concerns about
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By Clare Duffy, CNN Business Meta, the company formerly known as Facebook, is asking for help in avoiding having personal data about its users scraped from its platforms and posted to the web. The social media giant announced Wednesday that it is expanding its bug bounty program — which offers rewards for helping identify and
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By Donie O’Sullivan and Clare Duffy, CNN Business Instagram says it prohibits drug sales, but accounts advertising the sale of Xanax, ecstasy, opioids and other drugs are still widespread and easy to find on the platform, including for young users, according to a report released by tech advocacy group the Tech Transparency Project (TTP) on
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By Samantha Murphy Kelly, CNN Business Instagram head Adam Mosseri testified for the first time before a Senate subcommittee on Wednesday as lawmakers question the app’s impact on the mental health of younger users. During his testimony, Mosseri said Instagram is planning to bring back a version of its news feed that would give users
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes’ defense rested its case Wednesday, shortly after the founder and former CEO of Theranos concluded her seventh day on the witness stand in her own criminal trial. While the prosecution called 29 witnesses to testify, the defense’s case relied almost entirely on Holmes. During her testimony, she
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