Ten years ago, if somebody had to switch on the air conditioner, television, or geyser, they had to walk to the switch and press it on. Today, people just have to say the word, and things get done automatically. That’s the power of technology! It can simplify things to a point where merely blinking is enough to get the job done.
Drew Angerer/Getty Images | Activisation CEO Bobby Kotick, who knew about the state of women in his organization but still chose to stay quiet
However, like every other field, the technical field isn't perfect. It, too, faces numerous problems, and some are just beyond imagination. In this post, get all the juice from the latest updates in the tech industry.
#1 - Activision's CEO admits he was aware of the inappropriate conduct allegations
Activision Publishing Inc., America's well-known video game publishing house, isn't safe for women. And this isn’t a hollow allegation! According to The Wall Street Journal's report, the company's CEO, Bobby Kotick, knew about the state of women in his organization but still chose to stay quiet.
The 58-year-old kept numerous reports to himself when he should have informed the company's board about it. When the State of California filed a lawsuit against the gaming giant followed by a two-year-long investigation, they discovered that the company followed a "pervasive frat boy" culture where women faced physical harassment regularly.
#2 - JP Morgan files a $162 million suit against Tesla
It doesn't take a genius to understand how a celebrity's tweet can influence people. But when the figure is someone like Elon Musk, the outcome doubles, as it happened in the case of JP Morgan. Earlier, Tesla had sold some warrants to JP Morgan, on the terms that it would pay off when their strike price falls below the EV-maker's share price on the warrants' expiration. In August 2018, when Musk's tweets caused a significant change in Tesla's share price, JP Morgan adjusted the strike price accordingly. Now when the warrant has expired, and JP Morgan is asking Tesla to keep its promise, the company is refusing blatantly.
Beat Jau/Unsplash | With Elon Musk's tweets causing a change in Tesla's share price, JP Morgan has asked for the promised pay off, which Tesla has refused
#3 - Female founders in Europe face gender biases while pitching
Though we've come a long way and are more progressive as a society now, there are still people who doubt females' capabilities at high positions. Something similar happened with Maria de Freitas, uMore's co-founder and CEO, when she tried to raise funds for her company. Speaking about a meeting, Freitas revealed that one of the investors wasn't convinced with her pitch and felt as if she was trying to scam him.
#4 - Facebook accused of deleting evidence
Facebook has been in the news for various reasons, but this time, the platform was making headlines for deleting evidence on extremist groups. Last year, Facebook deleted accounts for the New Mexico Civil Guard, a militia group, and now when the prosecutors are demanding that data, the platform is reluctant about sharing it.
Alex Haney/Unsplash | Last year, Facebook deleted accounts for a militia group, and now when the prosecutors are demanding that data, the platform is reluctant about sharing it
Wrapping it up!
The updates mentioned above aren't the only ones taking place in the buzzing tech world. If you're interested in knowing more about what's happening around you, stay tuned to our page, and don't forget to leave your comments.
