Shareholders

Like plenty of tech giants, Apple is no stranger to legal battles. In the latest development, Apple has agreed to shell out a hefty $490 million (£385 million) to settle a lawsuit that accused Tim Cook of pulling a fast one on investors. The claim? That Cook was a bit too optimistic about iPhone demand in China -- and hence defrauded shareholders by misleading them.This lawsuit was brought to the stage by Norfolk County Council from the UK, representing a pension fund that apparently took a hit thanks to Cook's alleged…

Tesla has put up a website allowing TSLA shareholders to register for early Cybertruck delivery, as long as they fit certain criteria. It could give us a hint as to how Cybertruck deliveries are going. Tesla first started delivering Cybertrucks in November of last year, more than three months ago today. First deliveries were of the limited-edition “Foundation series”, which costs a $20k premium for what seems to be some slight trim differences and the privilege of having early delivery. So far, virtually…

Apple Inc. shareholders rejected a labor-backed request for an artificial intelligence transparency report, which would have delved into whether the company is using the technology ethically. The proposal, submitted by AFL-CIO Equity Index Funds, was voted down in a preliminary tally at Apple's annual meeting on Wednesday. Shareholders also rejected measures about equal employment policies, civil liberties, racial and gender pay gaps, and human rights. They approved the board slate and the company's executive…

Apple shareholders on Wednesday rejected a measure asking the iPhone maker to disclose more information about how it uses artificial intelligence in its business and its ethical guidelines for the technology.The proposal, which was defeated at the company's annual shareholder meeting, was put forth by the pension trust of the AFL-CIO, the largest American labor union federation, which has also proposed AI measures at other technology companies.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Apple has been infamously tight-lipped regarding its AI plan, yet one shareholder movement might force it to finally reveal its plans. As initially reported by the Financial Times, Norges Bank Investment Management and Legal & General, which are two of the biggest Apple shareholders, are backing a proposal from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) that could force Apple to announce its plans for AI.According to the Financial Times report, Legal & General has…

Major Apple shareholders want the Cupertino firm to announce its use of AI before the company is ready to reveal its plans to the public. According to the Financial Times, these shareholders want to pressure the company to reveal its AI tools at its annual shareholder meeting on Wednesday, February 28th. As it stands now, Apple almost certainly plans to hold off on making any AI announcements until the WWDC 2024 developer conference in June.FT says the American Federation of Labor and Congress of Industrial…

Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing have been “greatly exaggerated,” a day after a shareholder group voted to remove him at an emergency general meeting. In a 758-word letter, content of which was reviewed by TechCrunch, Raveendran claimed that the shareholders violated several “essential” local rules. The shareholder group, which included Prosus…

Shareholders at Byju's are set to vote on Friday on a resolution brought by some investors to oust founder CEO Byju Raveendran and his family members over alleged "mismanagement and failures" at what was once India's hottest tech startup. However, the outcome of the vote at the extraordinary general meeting (EGM) will not be applicable until March 13, when the Karnataka High Court will next hear Raveendran's plea challenging the move by certain investors. The Karnataka High Court on Wednesday refused to stay the EGM,…

is fully subscribed. He also iterated further steps he is taking to ensure transparency on the usage of the funds.Dear Shareholders,I am reaching out today to take you into confidence on certain pivotal steps towards a brighter future for our company. My deep sense of commitment is bolstered by your support as we embark on this new and exciting journey together.Our rights issue is fully subscribed and my gratitude to my shareholders remains strong. But my benchmark of success is the participation of all shareholders in…

Ahead of the Friday extraordinary general meeting (EGM), founder and CEO Byju Raveendran wrote to shareholders, informing them that the $200 million rights issue is fully subscribed. He also iterated further steps he is taking to ensure transparency on the usage of the funds.Read the full text of Byju's email to employees:Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product…