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News on Medial
Texas sues Yelp over notices about crisis pregnancy centers
Economic Times
·
1y ago
Medial
Texas Attorney General Ken Paxton has sued Yelp Inc for allegedly misleading consumers by posting notices on its business review website that crisis pregnancy centers provide limited medical services. In response, Yelp preemptively sued Paxton in an effort to defend its actions. The lawsuit comes after Yelp began posting notices on crisis pregnancy centers' pages stating that they typically provide limited medical services and may not have licensed medical professionals onsite. Paxton argues that this misrepresentation dissuades consumers from visiting these clinics in favor of clinics that perform abortion services.
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Yelp sues Google for ’anti-competitive practices’; search giant hits back saying, ‘claims nothing new’ | Mint
Livemint
·
11m ago
Medial
Yelp has filed a lawsuit against Google, accusing the tech giant of anti-competitive practices in local search and advertising. Yelp claims that Google manipulates search results to favor its own local search features and prioritizes them over competitors' offerings, even if they are of lower quality. Yelp argues that this harms its business and advertisers. In response, Google says these claims are not new and that they have been thrown out before. Yelp has a history of raising antitrust concerns against Google and has supported government agencies in their investigations.
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GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday - The Economic Times
Economic Times
·
4d ago
Medial
Karnataka CM Siddaramaiah plans to meet stakeholders over GST notices issued to small traders based on UPI data, demanding tax arrears. The notices have sparked protests and rejection of digital payments. Siddaramaiah blames the Centre for the crisis, while BJP offers legal aid. The GST data, covering 2021-2025, has led to many rejecting QR codes. A three-day state-wide protest is planned, highlighting the impact on small businesses and vendors.
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Texas sues TikTok for violating children's privacy
Economic Times
·
9m ago
Medial
- Texas Attorney General filed a lawsuit against TikTok, accusing the social media platform of violating children's privacy and state law. - The lawsuit seeks an injunction and civil penalties of up to $10,000 for each violation of the state's SCOPE Act. - TikTok is accused of sharing children's personal information without consent from parents or legal guardians. - Texas Attorney General claims that TikTok does not provide sufficient tools to restrict children's privacy and account settings. - The lawsuit also alleges that TikTok allows targeted advertising to children. - TikTok's parent company, ByteDance, is based in China.
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OpenAI teams up with SoftBank and Oracle on $500B data center project | TechCrunch
TechCrunch
·
6m ago
Medial
OpenAI, SoftBank, and Oracle are launching "The Stargate Project," a joint venture to build AI data centers in the U.S., starting in Texas. The project aims to invest $500 billion and create hundreds of thousands of jobs over four years to establish U.S. AI leadership. Other partners include Nvidia, Microsoft, and Arm. The initiative addresses infrastructure challenges but faces criticisms over potential environmental impacts and high resource consumption.
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Tesla to lay off over 6,000 employees in Texas, California, notices show
Economic Times
·
1y ago
Medial
Tesla plans to lay off 6,020 employees in Texas and California as part of its strategy to address slowing demand and falling margins. The job cuts were revealed in notices to the states, which require companies to notify 60 days ahead of planned closings or mass layoffs. The cuts will impact 3,332 jobs in California and 2,688 positions in Texas. Tesla's global workforce currently stands at around 140,000, with the recent cuts representing a 10% reduction. The move comes as Tesla faces pressure from dropping sales and increased competition in the electric vehicle market.
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US SEC sues over alleged bogus bailout of Richard Branson's Virgin Orbit
Livemint
·
1y ago
Medial
The US SEC has filed a lawsuit against a Texas man for a fraudulent $200 million offer to rescue Virgin Orbit. Matthew Brown falsely presented himself as an experienced venture capitalist and claimed to have investments in over 13 space companies. He made a bogus offer to buy Virgin Orbit stock and even fabricated a bank account balance to make it seem legitimate. Virgin Orbit's stock price initially rose following the offer but eventually fell. The SEC is seeking penalties against Brown, including a ban on offering securities. Virgin Orbit filed for Chapter 11 bankruptcy in April 2023.
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TGI Friday’s files for bankruptcy on November 2 amid consumer cost concerns and competition | Company Business News
Livemint
·
8m ago
Medial
TGI Friday's has filed for Chapter 11 bankruptcy in Texas as it faces challenges from changing consumer habits and increased competition from fast food options. The casual dining restaurant chain is struggling amidst a cost-of-living crisis. TGIF joins a growing list of restaurant chains seeking bankruptcy protection, including Red Lobster Management, Bucca di Beppo, Rubio's Coastal Grill, and Tijuana Flats. The filing lists assets between $100-550 million and liabilities worth $100-500 million. TGIF has not yet responded to queries about the situation.
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For Bitcoin Mines in Texas, the Honeymoon Is Over
Wired
·
1y ago
Medial
Some residents in Texas are expressing concerns about the negative effects of industrial-scale bitcoin mining on energy prices and the quality of life in nearby communities. In response, the Texas Blockchain Council (TBC) filed a lawsuit against the US government, objecting to a data request that required mining firms in Texas to disclose information about their energy usage. The lawsuit was successful in stopping further data collection, but it has sparked a larger debate about the impact of cryptocurrency mining on the stability of the Texas energy grid and the environment.
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Cards Against Humanity sues SpaceX for ₹125 crore over property damage
Inshorts
·
10m ago
Medial
Cards Against Humanity is suing Elon Musk-led SpaceX for $15 million (₹125 crore) after it allegedly dumped construction equipment on the game company's private land in Texas. In its complaint, CAH compared pictures of the "pristine vacant property" in 2017 with images of the property today. SpaceX cleared the land of vegetation and compacted the soil with gravel, it alleged.
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40 online gaming firms to get notices for tax evasion: Report
Inshorts
·
1y ago
Medial
About 40 online gaming firms will get show-cause notices for alleged tax evasion after the Supreme Court stayed a Karnataka High Court order quashing a ₹21,000-crore GST evasion notice to Gameskraft, Moneycontrol reported. Since activities of Gameskraft and other gaming firms are identical, authorities had held back notices. Two ₹3,000-crore tax evasion notices have already been sent to two firms.
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