Mauritz Jarl

According to TikTok, employees in China have access to user data from the UK and the EU.

Users of the Chinese video-sharing site TikTok have been informed that some of its employees there have access to information on accounts in the UK and the EU.

The "privacy policy" was "based on a demonstrated requirement to do their work," according to the social media behemoth.

Authorities from all around the world, including those in the UK and the US, have been looking into it because of worries that data could be sent to the Chinese government.

A US official demanded that the software be prohibited in the US earlier this week.

learn more: https://lnkd.in/dhat4sRc

TikTok says staff in China can access UK and EU user data The Chinese social media giant said the policy is "based on a demonstrated need to do their job".

Takeover of Musk's Twitter account: Billionaire disputes rumors' that he will terminate employees to avoid paying money.

In order to avoid having to make payments, according to a New York Times report, Elon Musk intends to fire Twitter employees before the beginning of the following month.

In response to a tweeter's inquiry over the report, he stated: "This is incorrect."

After months of legal wrangling, Mr. Musk finally completed his $44 billion (£37.9 billion) acquisition of the social networking company last week.

Top executives of the company, including the chairman, chief financial officer, and chief executive, all left after the takeover.

The New York Times reported over the weekend that Mr. Musk had mandated significant job cuts across Twitter's personnel.

learn more: https://www.bbc.com/news/business-63451979

Musk Twitter takeover: Billionaire denies report he plans to fire workers to avoid payouts The world's richest man completed his takeover of the platform last week after months of legal wrangling.

Jeff Bezos of Amazon issues a "Batten down hatches" warning regarding the economy.

Jeff Bezos, the founder of Amazon, has joined his voice to the chorus of people predicting trouble for the US economy.

The billionaire claimed on social media that the economy was telling people to "batten down the hatches."

In the US, growth has already slowed for two consecutive quarters, a development that in many other nations—but not in the US—is regarded as a recession.

Numerous economists anticipate a further slowdown as a result of the US central bank raising interest rates to combat increasing costs.

Recently, US President Joe Biden was compelled to address the matter due to the constant uproar of worry.

He stated last week in an interview "There won't be a recession, in my opinion. If so, the recession will be quite small ".

learn more: https://www.bbc.com/news/business-63319010

Amazon's Jeff Bezos in economy warning: 'Batten down hatches' With economic gloom on the US's horizon, the tech giant's boss points out warning signals.

Zoetop, the owner of Shein, was fined $1.9 million for their response to the data breach.

Due to how it handled a data breach, the owner of the fast-fashion website Shein was fined $1.9 million (£1.69 million).

In 2018, 39 million Shein accounts' login information was stolen after its parent business, Zoetop, was attacked by hackers.

Letitia James, the attorney general for New York, alleged that Zoetop had exaggerated the scope of the breach and had informed "just a portion" of the consumers who were impacted.

Shein claims that it has improved its cyber-security by taking "major efforts."

Tens of millions of Shein account holders had their names, email addresses, passwords, and credit card information stolen by hackers and sold online.

learn more: https://lnkd.in/dkwbxxce

Shein owner Zoetop fined $1.9m over data breach response New York Attorney General Letitia James accuses Zoetop of lying about the extent of the 2018 attack.

Xbox vs. PlayStation: Call of Duty battle pits giants

Microsoft, the owner of Xbox, has rebuffed accusations that its proposal to acquire the company behind Call of Duty may unjustly hurt its competitors, notably Sony, the owner of PlayStation.

Microsoft wants to pay $68.7 billion (£59.2 billion) to acquire Activision Blizzard, which also produces Candy Crush and Overwatch.

According to the UK watchdog investigating the proposal, Microsoft might utilise Activision games to "out-compete" its competitors.

Microsoft stated that it was still hoping for a June 2023 closing date.

It has already received approval from Saudi Arabian and Brazilian competition authorities.

However, the Competition and Markets Authority declared last month that it would request an impartial panel to review the plan.

learn more: https://lnkd.in/dNwSvZM6

Xbox v PlayStation: Giants clash over Call of Duty Microsoft hits back at claims its proposed purchase of Activision Blizzard could harm its rival Sony.