Tech & Telecom Law News

IBM Said to Near Acquisition of Software Provider HashiCorp

International Business Machines Corp. is in advanced talks to acquire software company HashiCorp Inc., according to people with knowledge of the matter.

By Ryan Gould and Brody Ford

Jack Dorsey’s Block Finishes Development of Bitcoin Mining Chip

Digital payments company Block Inc., formerly known as Square, has finished the development of its Bitcoin mining chip as Chief Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he’s <-bsp-bb-link state="{"bbDocId":"S5B1TCDWRGG0","_id":"0000018f-0cf3-d583-afbf-ceff706d0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">championed since 2021.

Trump Set for Another $1.2 Billion in Shares He Can’t Sell

The blank-check deal that brought Donald Trump’s media startup public is set to give him another $1.2 billion in stock after meeting certain targets to his present windfall from the merger, yet he remains unable to cash any of it in.

BGOV Bill Summary: H.R. 4755, Privacy-Enhancing Technology

Federal agencies would have to support research and accelerated adoption of privacy-enhancing technology under H.R. 4755.

Amazon Hit With Biometric Privacy Suit Over Workers’ Face Scans

Amazon.com Services LLC collected and disclosed the biometric information of warehouse workers in violation of the Illinois Biometric Information Privacy Act, a proposed federal class action said.

Tesla to Cut More Than 6,000 Jobs Across Texas, California

Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of Chief Executive Officer Elon Musk’s demand to slash more than 10% of the global workforce.

FTC Issues Worker Non-Compete Ban as Chamber Lawsuit Looms

The US <-bsp-bb-link state="{"bbHref":"bbg://securities/13362Z%20US%20Equity","_id":"0000018f-0c67-d583-afbf-ceff955d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Trade Commission voted Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the <-bsp-bb-link state="{"bbHref":"bbg://securities/0392381D%20US%20Equity","_id":"0000018f-0c67-d583-afbf-ceff955d0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Chamber of Commerce vowed to immediately challenge in court.

Teen Social Media Law in Georgia Restricts Youth Under 16 Online

Georgia teens under 16 will need a parent or guardian’s permission to use social media under a law signed Tuesday by Gov. Brian Kemp (R).

Influencer Accuses Creator of Copying Minimalist, Grey Aesthetic

A Texas influencer sued another online content creator for allegedly replicating her photos and videos on Instagram, TikTok, and the Amazon storefront.

Investor Suit Accuses Hong Kong Blood Firm of Financial Cover-Up

Global Cord Blood Corp. was sued by a shareholder who alleges the umbilical cord blood storage company’s planned acquisition of a Texas biotech firm was a cover-up for financial misconduct.