July 4, 2024
Tech News
Chinese social media companies like NetEase, Tencent, ByteDance, and Weibo are cracking down on anti-Japanese sentiment following a fatal stabbing incident in Suzhou. The attack has led to the removal of posts and accounts promoting hate speech and nationalism, reflecting broader tensions between China and Japan.
Electric vehicle manufacturer Fisker is seeking bankruptcy court approval to sell its remaining inventory of Ocean SUVs at reduced prices to a New York-based leasing company. This move is part of Fisker’s Chapter 11 bankruptcy proceedings to generate funds for its creditors.
Amazon has launched early deals ahead of Prime Day 2024, offering discounts on a range of its devices to boost membership and sales among Amazon Prime subscribers.
“One Million Checkboxes,” a website with one million checkboxes for users to interact with, has unexpectedly gone viral, attracting hundreds of thousands of visitors and sparking collaboration, creativity, and conflict among users.
Tech Explained
Venture Capital – Venture capital is a type of private equity financing that investors provide to startup companies and small businesses that are deemed to have long-term growth potential.
Chapter 11 Bankruptcy – Chapter 11 bankruptcy is a form of bankruptcy that involves reorganization of a debtor’s business affairs, debts, and assets under the supervision of the court.
Amazon Prime – Amazon Prime is a subscription service offered by Amazon that provides members with various benefits, including free shipping, streaming of movies and TV shows, and exclusive deals.
Viral Sensation – A viral sensation refers to content that spreads rapidly and widely across the internet, attracting a large audience in a short period of time.
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