Business - Tech

Twitter votes Elon Musk should sell 10 percent of Tesla stock

Twitter has spoken -- after Elon Musk polled his more than 62 million followers on whether he should sell 10 percent of his Tesla shares, by Sunday a majority had voted "yes."

Marsool to double its business in Egypt in three years, expand in MENA

Marsool — a Saudi on-demand application and one of the largest delivery platforms in the Middle East and North Africa (MENA) — is planning to double its investments in the Egyptian market in three years by expanding its business in the country, Marsool’s Co-founder Ayman Alsanad told Ahram Online.

Out of the shadow, Egypt money-pooling apps thrive

Cash-strapped Egyptians fearful of banks have long relied on a "gameya" to access money in time of need, but now tech startups are cashing in on the age-old money-pooling association.

Facebook, Google, Twitter face grilling by UK lawmakers

British lawmakers are set to grill Facebook and other tech giants Thursday over how they handle online safety as European efforts to regulate social media companies gain momentum.

TikTok, YouTube and Snapchat defend impact on kids at US hearing

Three social media networks massively popular with the youngest users, TikTok, Snapchat and YouTube, tried to convince skeptical US lawmakers Tuesday they are safe as worry about Facebook's potential harms spills over to other platforms.

Regulator seeks transparency for payment systems of big tech

In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.

Facebook planning to rebrand company with new name

Facebook is planning to change its company name next week to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter, The Verge reported

Facebook to pay $14 mn in US worker discrimination suit

Facebook has agreed to pay up to $14 million to settle a US government lawsuit accusing the tech giant of favoring immigrant applicants for thousands of high-paying jobs, authorities announced Tuesday.

3rd phase of fixed internet infrastructure development kicks off, says communications minister

Egyptian Minister of Communications and Information Technology Amr Talaat on Sunday announced the start of third phase of developing the fixed internet infrastructure in Egypt.

Microsoft shutting down LinkedIn in China

Microsoft is shutting down its LinkedIn service in China later this year after censorship rules were tightened by Beijing.

Outage highlights how vital Facebook has become worldwide

The six-hour outage at Facebook, Instagram and Whatsapp was a headache for many casual users but far more serious for the millions of people worldwide who rely on the social media sites to run their businesses or communicate with relatives, fellow parents, teachers or neighbors.

Whistleblower urges regulation to tackle Facebook 'crisis'

A Facebook whistleblower told US lawmakers Tuesday that the social media giant fuels division, harms children and urgently needs to be regulated, drawing pledges Congress would take up long-delayed action.

Why did Facebook, Instagram and WhatsApp shut down?

Hundreds of millions of people were unable to access Facebook, Instagram and WhatsApp for more than six hours on Monday, underscoring the world's reliance on platforms owned by the Silicon Valley giant.

Facebook, Instagram, WhatsApp hit by widespread outage

Facebook and its Instagram and WhatsApp platforms were hit by a massive outage Monday, impacting potentially tens of millions of people as users flocked to other networks to sound off.

Tax rate announced for Egyptian YouTubers, bloggers

The Egyptian Tax Authority (ETA) announced on Monday the tax rates that will imposed on all activities related to e-commerce and online content creation, including for bloggers and YouTubers.

Egyptian start-ups attract $400 mln in investments during 2021: ITIDA’s CEO

Egyptian start-ups have attracted investments valued at $400 million during 2021, reflecting investors' increasing confidence in Egyptian entrepreneurs and their technological innovations, said Amr Mahfouz, CEO of the Information Technology Industry Development Agency (ITIDA).

YouTube cracks down on anti-vaccine misinformation

YouTube announced Wednesday it would remove videos and some high-profile users that falsely claim approved vaccines are dangerous, as social networks seek to crack down on health misinformation around Covid-19 and other diseases.

EXPLAINER: Why Facebook is holding off on kids' Instagram

Bowing - perhaps only for a moment - to pressure from lawmakers, critics, the media and child development experts, Facebook said Monday it will ``pause'' its work on a kids' version of its photo and video-oriented Instagram app.

TikTok says it has over 1 billion users

TikTok said Monday it now has more than a billion active users, just four years after the hugely popular video-sharing app was launched by Chinese group ByteDance

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