ITBEAR

Tesla Pushes for Shareholder Approval of Musk’s Lucrative Compensation Package and Texas Relocation

May 16, 2024 – Tesla is actively lobbying its shareholders to approve two key proposals at the upcoming annual general meeting. The first proposal seeks approval for CEO Elon Musk’s 2018 compensation package worth $56 billion (currently valued at approximately 405.44 billion Chinese yuan), while the second proposal aims to relocate Tesla’s incorporation from Delaware…

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Mercedes-Benz to Forge Ahead with Pure Electric Vehicle Platforms

May 16, 2024 – Amidst recent rumors suggesting a reduction in investment towards electric vehicle (EV) platform research and development, as well as the abandonment of the planned MB.EA Large architecture, Mercedes-Benz has responded to Dongchedi, reassuring its commitment to electric transformation. The automaker stated, “Mercedes-Benz will not stop developing new pure electric vehicle architecture…

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NMPA Demands Spotify Remove Unauthorized Copyrighted Material

May 16, 2024 – The National Music Publishers’ Association (NMPA) has recently taken action against Spotify, accusing the music streaming giant of utilizing copyrighted content from its members without proper authorization. According to a letter shared by Billboard, Spotify has been hosting unlicensed musical works, including lyrics, videos, and podcasts. The NMPA, which represents American…

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Google Responds to CVE-2024-4947 Threat with Immediate Chrome Update

May 16, 2024 – Google has urgently released a security update for its Chrome browser this Wednesday, addressing a critical vulnerability tracked as CVE-2024-4947. This marks the third zero-day vulnerability discovered and exploited in the past seven days, and the seventh such vulnerability identified this year. The tech giant has pushed out updates versioned 125.0.6422.60/.61…

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Apple Blocks $7 Billion in Potential Fraud on App Store Over Four Years

May 15, 2024 – Apple today issued a press release revealing that over the past four years, its App Store has successfully thwarted more than 7billioninpotentialfraudulenttransactions,withover1.8 billion worth of attempted frauds prevented in 2023 alone. Between 2020 and 2023, Apple blocked over 14 million stolen credit cards and disallowed further transactions on more than 3.3…

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