foxconn Foxconn Offers Massive Bonuses to Lure Workers Back After Unrest Foxconn is offering thousands of dollars in bonuses to entice workers back to its Zhengzhou factory following protests and a Covid-19 outbreak that threaten global iPhone supplies.
twitter Twitter Downloads Surge in China as Citizens Seek Protest Information Chinese citizens are flocking to Twitter to share news about widespread COVID-19 protests as local platforms face strict censorship. The app jumps to 9th place in the iOS App Store despite being officially blocked by the Great Firewall.
elon musk Elon Musk Targets Apple Over App Store Threats and Advertising Pullback Elon Musk publicly accuses Apple of threatening to remove Twitter from the App Store and halting advertising on the platform. The conflict highlights ongoing tensions over content moderation rules and Apple's in-app purchase fees.
apple Violent Foxconn Protest Deepens Apple iPhone Supply Crisis A major worker revolt at Foxconn's primary iPhone factory in China over broken bonus promises severely impacts Apple's supply chain. The ongoing disruptions cost Apple roughly $1 billion per week and cause significant iPhone 14 shortages ahead of the holiday season.
foxconn Foxconn iPhone Plant Faces Worker Protests Over Pay and COVID Rules Hundreds of workers protest at Foxconn's major iPhone factory in China over delayed bonus payments and strict COVID-19 protocols. The unrest creates new uncertainties for the facility's production targets.
foxconn Foxconn Workers Clash With Police Over Pay and COVID Lockdowns at iPhone Plant Hundreds of workers protest at Foxconn's massive Zhengzhou facility, smashing cameras and demanding unpaid wages while facing strict COVID quarantine measures. Police respond with tear gas as the contractor denies the unrest impacts iPhone production.
tech layoffs Major Tech Firms Slash Thousands of Jobs Amid Economic Downturn High-profile technology companies like Twitter, Stripe, and Lyft are laying off thousands of workers and freezing corporate hiring. These cutbacks reflect a brutal mix of rising interest rates, economic uncertainty, and slowing consumer spending rather than a permanent industry collapse.
big tech Big Tech Stumbles in Third Quarter as Meta Suffers Historic Weekly Loss Major tech companies outside of Apple lose over $350 billion in market value following bleak third-quarter earnings and weak future guidance. Meta experiences its worst week since its 2012 IPO as economic headwinds weigh heavily on the sector.
apple Apple Posts Record Q4 Revenue Amid Economic Uncertainty Apple reports $90.1 billion in quarterly revenue for Q4 2022, narrowly beating earnings expectations despite missing revenue targets for the iPhone, iPad, and services divisions.
apple Oklahoma City Apple Store Becomes Second US Location to Unionize Retail workers at an Apple Store in Oklahoma City vote to unionize, marking the second such victory for Apple employees in the United States. The workers join the Communications Workers of America despite facing alleged anti-union tactics from the tech giant.
meta Meta's Massive Stock Plunge Fails to Deter Zuckerberg's Metaverse Investment Despite a devastating 20 percent stock drop and massive market value losses, Mark Zuckerberg maintains total control over Meta and continues to pour billions into his metaverse vision.
lynk Lynk Gains FCC Approval for Satellite-to-Phone Texting Service Lynk receives FCC approval for its space-based texting technology, potentially beating Starlink and Apple to market. The company now seeks a US mobile network partner to launch its emergency SMS service.
apple Apple's iPhone 14 Pro Transforms the Notch Into a Useful Tool Apple leverages its chip advantage to deliver major camera improvements and an innovative Dynamic Island in the iPhone 14 Pro. The new flagship offers better performance and battery life while maintaining last year's price point.
remote work Tech Industry's Return-to-Office Push Exposes Deep Disrespect for Labor Major tech companies like Apple and Google hypocritically force employees back to the office despite building the tools that make remote work possible. This contradiction reveals an underlying disregard for workers that mirrors traditional corporate greed.
apple Apple Event and YC Demo Day Collide in a Busy Tech Week This week's biggest tech news centers around Apple's new hardware releases and Y Combinator's latest Demo Day pitches. Other major stories include ongoing legal battles in the Elon Musk and Twitter acquisition saga.