Hashtag Trending, July 2 – Apple’s Remote Work Pushback; Sony’s PS3 Leak; Facebook hits $1 Trillion in Value

With Files from Jori Negin-Shecter

Apple responds to employee requests for remote work, Sony’s PlayStation 3 Console experiences a major leak, and Facebook’s stock value soars after a court decision.

It’s all the biz/tech news that’s popular right now. Welcome to Hashtag Trending! It’s Friday, July 2nd and I’m your host Tom Li.

Apple has pushed back in response to an internal letter from its employees requesting to work fully remote. Apple’s senior vice-president of retail and people Deirdre (Dee-Druh) O’Brien stated in a recent interview that Apple believes “in-person collaboration is essential to our culture and our future.” The news follows another report from earlier this month about an internal memo from CEO Tim Cook requiring employees to be present in office on Mondays, Tuesdays, and Thursdays starting in the fall. This memo received pushback quickly, as employees followed up with Apple executives, noting some had been forced to quit because of the policy, and requested that all teams be given the opportunity to work remotely. Many employees felt that they’ll need to choose between a combination of their families and wellbeing and being a part of Apple. [The Verge] [LinkedIn]

Sony leaked every PS3 ID and now users consoles are getting banned from technology

Sony’s Playstation 3 has experienced a breach that is resulting in large swaths of its remaining user base being banned from the console. The seventh generation console was reportedly breached after a file containing every user’s online console ID was left unsecured. Users have begun taking to online boards to voice their frustrations of receiving error codes while being unable to log into their consoles. US based Cybersecurity website Threatpost is reporting that threat actors have begun using the stolen PS3 console IDs for malicious purposes, resulting in bans against legitimate PS3 users. Sony has yet to address these concerns or confirm any connection between the PS3 ID breach and reports that their player base is being locked out. [Reddit]

Facebook is now worth $1 trillion after a US court’s dismissal of 2 antitrust lawsuits spurs jump in stock from technology

And finally, following the dismissal of two antitrust lawsuits, Facebook has seen its stock prices leap, reaching the $1 trillion benchmark earlier this week for the first time. Facebook is the 5th U.S. based company to reach the milestone, and the youngest of the group to do so in just 17 years. The lawsuits were ultimately dropped after the FTC “failed to support its claims that Facebook held monopoly power” according to Business Insider. Facebook controls over 60% of the social-networking market, and has also been in hot water of late with the FTC over concerns regarding its purchases of Whatsapp and Instagram in a separate suit. Facebook’s stock has added nearly $600 billion since the beginning of the pandemic.[Reddit]

That’s all the tech news that’s trending right now. Hashtag Trending is a part of the ITWC Podcast network. Add us to your Alexa Flash Briefing or your Google Home daily briefing. Make sure to sign up for our Daily IT Wire Newsletter to get all the news that matters directly in your inbox every day. Also, catch the next episode of Hashtag Tendances, our weekly Hashtag Trending episode in French, which drops every Friday at 3 pm. Thanks for listening.

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Jim Love, Chief Content Officer, IT World Canada
Tom Li
Tom Li
Telecommunication and consumer hardware are Tom's main beats at IT Business. He loves to talk about Canada's network infrastructure, semiconductor products, and of course, anything hot and new in the consumer technology space. You'll also occasionally see his name appended to articles on cloud, security, and SaaS-related news. If you're ever up for a lengthy discussion about the nuances of each of the above sectors or have an upcoming product that people will love, feel free to drop him a line at [email protected].

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