Here is the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on.
1)
Twitter’s source code reportedly gets leaked on GitHub
In a major security breach, Twitter’s partial source code got leaked on popular hosting and repository platform GitHub. This has been revealed by a U.S court filing that has been filed by Twitter for the removal of source code. Ever since this court case has gone public, GitHub has removed the source code from its platform. However, it is still not clear for how long the source code remain posted and how many people were able to access and download it. In addition to filing the case, Twitter has asked the U.S. district court to issue an order to GitHub for revealing the identity of the person who posted the code. Notably, this is the first time that Twitter has faced a major security breach ever since Musk took over the ownership of the microblogging platform.
2)
Jack Ma returns to China after a long-absence
China’s high-profile billionaire Jack Ma has returned back to his home country China after staying abroad for almost one year. Alibaba and Ant Group’s founder visited a school in the Chinese city of Hangzhou where he spoke about AI and ChatGPT’s technology. Ma, who is known for his larger-than-life persona and outspoken nature, has been rarely making public appearance ever since China’s communist government started cracking down on his tech empire. Due to this crackdown, Ma had to stall his mega $34 Bn Ant Group IPO. It is still not known for how long Ma plans to stay in China before he returns to Tokyo where he is currently based.
3)
Crypto Giant Binance Sued by top U.S regulator
One of America’s top regulators CFTC has filed a legal case against Binance and its founder Changpeng Zhao on the grounds of multiple violations. CFTC has accused in its statement that Binance is lagging behind in compliance as it is not upholding the standards that are required of a company trading in derivative markets and dealing with major U.S. trading companies. The regulator also made some damaging accusations calling Binance almost an illegal exchange and its compliance program as a total sham. The latest development comes at a time when the crypto industry is already reeling under pressure due to the implosion of FTX scam. Furthermore, the recent collapse of Silvergate and Signature, banks that were considered to be heavy lenders to the crypto companies, has further complicated the matter for the crypto industry.
4)
Lyft’s founders step down amid fierce competition with Uber
American ride hailing major Lyft announced on Monday that its founders Logan Green and John Zimmer would be stepping down as CEO and President. They will be replaced by a former Amazon and Microsoft Executive David Risher who is already a board member in the company. The change of guard at Lyft comes barely weeks after it announced a weak quarterly forecast, which clearly showed that it is struggling to keep pace with its bigger rival Uber more than ever before. Not only Uber has a larger market share than Lyft but also has a thriving food delivery business to rely upon.
5)
Apple warns Employees ‘come to office or face termination’
Apple has given a stern warning to all its U.S. based employees that they will have to mandatorily come to office for at least 3 days or else face the risk of termination. Apple had enforced the three days office rule in September last year after the COVID cases dropped off significantly in the U.S. It is now a public knowledge that big tech companies are really fan of remote working. Meta’s CEO Mark Zuckerberg recently said that employees working from office showed far more efficiency than remote workers.