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Snap to lay off 10% of global workforce, around 500 employees
Snap said it will lay off 10% of its workforce worldwide, around 500 employees, to “promote in-person collaboration.”
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Reed Hastings sells $1.1 billion in Netflix shares
Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of the streaming giant, according to a regulatory filing, with a current value of more than $1.1 billion.
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23andMe’s Fall From $6 Billion to Nearly $0
From celebrity ‘spit parties’ to a drop in the bucket: The once-hot DNA-testing company is struggling to profit
By Editors Desk
Latest Business
Elon Musk’s $55.8 Billion Tesla Pay Package Struck Down by Judge
The Delaware judge cited Musk’s “extensive ties” with those determining his most recent pay deal, which shareholders approved in 2018.
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Amazon calls off its $1.7 billion purchase of iRobot amid antitrust challenges
The companies abandoned the deal amid rising global challenges to tech mergers
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China Evergrande Is Told to Liquidate
The breakup of the company, once China's top property developer by sales, is set to send a further shock wave through the country's struggling real-estate sector.4 min read
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Bernard Arnault Overtakes Elon Musk As Richest Person In The World
French billionaire Bernard Arnault—owner of luxury brands like Louis Vuitton and Sephora—is now the richest man in the world.
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Microsoft Hits $3 Trillion, Cementing Strength of AI Rally
The threshold cements Microsoft’s status as one of the largest public stocks.
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Ebay to Lay Off 9% of Full-Time Workforce
Online marketplace to lay off about 1,000 full-time employees
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Netflix password crackdown fuels sign-up surge
Netflix sign-ups boomed at the end of last year as customers prodded by the firm's crackdown on password-sharing created their own accounts.
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Boeing Faces More Pressure as United CEO Vents Frustrations
Scott Kirby has vented his frustrations over quality lapses
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Sony Calls Off $10 Billion Merger With Indian TV Giant Zee Entertainment Enterprises
Following the deal cancelation news, Zee shares sank by a further 6% in early Monday trading on the Bombay Stock Exchange and the NSE, featuring around INR231 apiece.
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Macy’s Plans to Slash 2,350 Jobs and Close 5 Stores
Macy’s executive compensation included salary, equity, and other benefits which reportedly totaled above 12 million for Gennette in 2021.
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Wayfair lays off 13% of its workforce weeks after telling employees to work harder
Wayfair announced Friday it's laying off 1,650 employees.
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Spotify Dominates Audio Streaming, but Where Are the Profits?
The company has expanded beyond music to stay ahead but has struggled to make money
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Sam Altman and Satya Nadella talk to The Economist
The bosses of OpenAI and Microsoft on the future of AI and superhuman intelligence
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Sam Altman, Bill Gates Weigh AI Risks in Big Election Year
AI and democracy are the talk of Davos.
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Electric Car Owners Confront a Harsh Foe: Cold Weather
In freezing temperatures, the batteries of electric vehicles can be less efficient and have shorter range, a lesson many Tesla drivers in Chicago learned this week.
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