At Facebook’s annual developer conference, CEO Mark Zuckerberg announced a new system that ranks and prioritizes news organizations based on trustworthiness, as well as a “Clear History” function to keep Facebook from tracking users around the internet.
CEO Elon Musk announced that Tesla will lay off 9 percent of the company’s workforce to boost profitability while promising to deliver 5,000 Model 3 cars a week by the end of June. Tesla hasn’t made an annual profit in 15 years and posted its largest quarterly loss this year.
Rupert Murdoch's 21st Century Fox has said it would sell off Sky News to Disney after facing regulatory concerns over Fox’s monopoly on the British news market. Earlier this year, Disney proposed a takeover of all of 21st Century Fox, which has yet to be approved by regulators.
Following claims that Ecuador spent $5m to protect Julian Assange, the country removed extra security at its London embassy. The WikiLeaks founder has been at the embassy since 2012 after being granted asylum and believes he will be extradited by the U.S. if he leaves.
Bill Gates pledged $12 million toward universal flu vaccine research following a devastating flu season. Half will come from his foundation and the other half from Larry Page, in up to $2 million increments for “bold and innovative” projects that could be ready for clinical trials by 2021.
Google co-founder Larry Page has unveiled his new fully electric, self-piloting flying taxis. One of Page’s companies has completed “stealth” testing and will now pair with New Zealand for an official certification process in the hopes of creating the “Uber” of flying taxis in three years.
Dallas Mavericks owner Mark Cuban has been fined $600,000 for saying "losing is our best option" on a podcast this week. The Mavericks are currently one-half game away from the worst record in the NBA -- also putting them within one game from the top pick in the next draft lottery.
The world's richest person, Jeff Bezos has accumulated as much wealth as 2.3 million average Americans. The Amazon co-founder and CEO surpassed both Bill Gates and Warren Buffett on Forbes’ billionaires list in 2017, with his net worth up to $127 million today.
Twenty years ago today, Steve Jobs introduced the world to iMac, which had a 15-inch screen and 4GB hard drive. The computer was a minor revolution for its design, introduction of the USB and integrated design for internet use when it wasn’t a universal feature on other computers.