SAP Faces Scrutiny Over Promotion of Manager Amid Harassment Allegations
In a recent controversial decision, SAP, the German software giant, has come under fire for promoting a manager who has faced multiple allegations of sexual harassment. This news has sparked outrage among employees and industry watchers, raising questions about the company's commitment to fostering a safe and equitable workplace environment.
Continue readingTikTok's Future Hangs in the Balance as Appeals Court Upholds US Ban
TikTok, the immensely popular social media platform owned by Chinese company ByteDance, could soon face a nationwide ban in the United States after an appeals court declined to halt a law prohibiting its operation. This crucial decision came from the U.S. Court of Appeals for the Ninth Circuit, which refused TikTok's request to stay the law that has the potential to eliminate its presence in the American market.
Continue readingMeta Secures Legal Victory Against FTC Over Antitrust Allegations
In a significant development for Meta Platforms Inc., the company has successfully convinced a federal judge to limit the scope of the Federal Trade Commission's (FTC) antitrust suit concerning its popular social media platforms, Instagram and WhatsApp. This ruling, announced on November 13, 2024, marks an important moment for the tech giant at a time when regulatory scrutiny has intensified across the industry.
Continue readingThai Tycoon’s Power & Telco Arms Skyrocket as Holders Approve Merger
Shareholders approved the merger of Thai billionaire Sarath Ratanavadi's telecom and power companies in a milestone chapter for Thai corporate history, paving the way for a sharp surge in shares of both companies. The complex deal represents one of the major corporate restructurings of Ratanavadi's diverse interests and promises to alter the business landscape.
Continue readingExpanding Investigation: SAP and Carahsoft Under Scrutiny for Deals with Almost 100 Government Agencies
The investigation into the dealings of software giant SAP SE and its public-sector reseller, Carahsoft Technology Corp., with U.S. government agencies has dramatically widened in a growing controversy. Federal audits of the partnerships, to examine questions of procurement practices, transparency, and compliance, have now expanded to nearly 100 agencies, according to sources familiar with the probe.
Continue readingBreaking News: SAP and Carahsoft Under Scrutiny, OpenAI Presents to the White House
Now, in a dramatic turn of events, two giants are facing the wrath of regulators. On September 25, 2024, it was announced that an investigation into the two technology powerhouses has been launched. This news sent ripples in the industry and attracted massive attention from the media. Reliable sources indicate that several areas have been covered by the investigation, though specifics remain scanty.
Continue reading