Apple is under fire for nagging iPhone users to activate Apple Pay. Some users say its persistent notifications in iOS are “the most aggressive” push Apple has ever made to encourage users to adopt a new service. Analysts are even labeling it “antitrust behavior.” Apple prompts you to set up Apple Pay every time you […]
Cambridge Analytica's Facebook data harvesting hasn't just prompted lawsuits over the privacy violations — it's now sparking a legal battle over its role in US elections. ABC News has learned that watchdog group Common Cause has filed complaints wit…
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It’s been 76 years since renowned science fiction author Isaac Asimov penned his Laws of Robotics. At the time, they must have seemed future-proof. But just how well do those rules hold up in a world where AI has permeated society so deeply we don’t even see it anymore? Originally published in the short story Runaround, Asimov’s laws are: A robot may not injure a human being or, through inaction, allow a human being to come to harm. A robot must obey the orders given to it by human beings, except where such orders would conflict with the First Law.…
A California appeals court has sided with Allan Candelore, a man suing Tinder over the pricing for its premium service, Tinder Plus. Specifically, Candelore and his lawyers argued that by charging $ 9.99 per month if a user is under 30, versus $ 19.99 per month if you’re 30 or older, Tinder is discriminating based on age. Read More
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Apple is now under investigation by the U.S. Department of Justice and Securities and Exchange Commission to determine whether the company’s iPhone-slowing software update violated securities laws, according to a Bloomberg report. The inquiry is in early stages, and it’s uncertain whether an enforcement action will follow.
Last month, Apple admitted that software updates were responsible for slowing down iPhone 6 and newer devices, explaining that iOS would quietly reduce processor performance to keep pace with the diminished power output of aging batteries. The admission was met with widespread fury from customers, manifesting as dozens of class action lawsuits and multiple investigations by foreign governments, which could lead to large civil judgments, fines, and other penalties.
Inquiries by the Department of Justice and the Securities and Exchange Commission could focus on whether Apple either failed to disclose a material fact to investors in a timely fashion or enabled insiders such as executives to engage in beneficial stock trades using advance knowledge of non-public information. The window for non-disclosure could be large: Apple updated iOS in early 2017 with code that slowed down certain iPhones, but didn’t fully disclose the performance compromises until third-party reports spotlighted the issues in December. Bloomberg updated its original report to note that “[i]nvestigators are looking into public statements made by Apple,” and “are concerned that the company may have misled investors about the performance of older phones.”
Apple’s stock has skyrocketed in value over the past decade, reflecting the American computer maker’s evolution into a leading global vendor of consumer electronics and related services, while making key Apple executives into multi-millionaires. Prior to the announcement of U.S. investigations today, reports of disappointing iPhone X sales helped drive the stock down to three-month lows in the lead-up to its February 1 release of first quarter earnings.
Few people would call AT&T a champion of net neutrality, but that isn't stopping it from trying to claim the title. CEO Randall Stephenson has posted an open letter calling on Congress to write an "Internet Bill of Rights" that enforces "neutral…
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Apple will give all of its employees bonuses of $ 2,500 following a year of growth, according to a report from Bloomberg.
Nearly all of the company’s 120,000 staff members will get a hefty bonus. This news comes as the company has announced plans to inject $ 350 billion into the US economy.
Staff across all of the company’s departments, including retail outlets, will receive a bonus. That’s regardless of whether they work full or part time.
However, employees at director level and above will miss out on these bonuses. Apple is thought to be rewarding its staff after a year of strong sales.
Apple employees from across the world will be able to claim the money through stock grants. Bloomberg discovered an email sent to employees by Apple boss Tim Cook, who said the bonuses reflect his “confidence in Apple’s future”.
The firm has just announced plans to spend $ 38 billion in the US over a five-year period, following a new tax reform passed by President Donald Trump. Corporate tax is now at 21 percent, rather than 35 percent.
“I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS,” tweeted Trump.
Speaking about his company’s investment plans, Cook told ABC: “I hope — I have that faith — that it will be used for great purpose for the country, whether that’s infrastructure or education, or what have you, that will further supply jobs in the U.S.”
He also spoke about the importance of rewarding staff members. “We’re one of the few — we’re probably the only company of our size where every person is an owner in the company,” he explained.
Cook added that the company is always looking to support its employees: “Instead of a onetime kind of bonus, we wanted to do something that lasts a longer period of time.”
Apple will start handing out the bonuses in the coming months. Cook also pledged that his company would give twice the amount of its employees charitable donations, up to $ 10,000. Other companies, including AT&T, Comcast, JetBlue, and Wal-Mart have also announced one-time staff bonuses in celebration of the new tax laws.