Photo Credit: File Photo

Facebook on Thursday announced that it has changed its company name to Meta. The name change was announced at the Facebook Connect augmented and virtual reality conference. The new name reflects the company’s growing ambitions beyond social media. Facebook, now known as Meta, has adopted the new moniker, based on the sci-fi term metaverse, to describe its vision for working and playing in a virtual world.

“Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Meta CEO Mark Zuckerberg said. 

Photo Credit: File Photo

Toyota Motor Corp and Tesla clashed with Ford Motor Co and the United Auto Workers (UAW) union over a proposal by Democrats in the U.S. House to give union-made, U.S.-built electric vehicles an additional $4,500 tax incentive.

In a letter to Congress, Toyota said the plan discriminates against nearly half of American autoworkers who do not belong to a union and called on lawmakers to reject giving "exorbitant tax breaks" to wealthy buyers of high-priced cars and trucks.

Photo Credit: AP

The U.S. Supreme Court on Monday gave Microsoft Corp's LinkedIn Corp another chance to try to stop rival hiQ Labs Inc from harvesting personal data from the professional networking platform's public profiles - a practice that LinkedIn contends threatens the privacy of its users.

The justices threw out a lower court ruling that had barred LinkedIn from denying hiQ access to the information that LinkedIn members had made publicly available.

Photo Credit: Bill Gates

Bill and Melinda Gates said Monday that they are divorcing but would keep working together at the Bill and Melinda Gates Foundation, one of the largest charitable foundations in the world.

In identical tweets, the Microsoft co-founder and his wife said they had made the decision to end their marriage of 27 years.

“We have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives,” they said in a statement. “We ask for space and privacy for our family as we begin to navigate this new life.”

Twitter on Wednesday locked the account of U.S. President Donald Trump for 12 hours and threatened its permanent suspension, as tech giants scrambled to crack down on his baseless claims about the U.S. presidential elections amid riots at the U.S. Capitol.

The social media platform hid and required the removal of three of Trump’s tweets “as a result of the unprecedented and ongoing violent situation in Washington, D.C.,” after pro-Trump protesters stormed the U.S. Capitol in an attempt to force Congress to overturn the election results.

One woman was shot and killed inside the Capitol building in the chaos.

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