Some Google employees are concerned that they will be the next victims of industry-wide layoffs. While Google has so far avoided the widespread job cuts that have afflicted other tech companies, particularly those bolstered by a slumping ad market, internal anxiety is rising, according to documents obtained by CNBC and employees who spoke on the…
Elon Musk accused leaders of major civil rights organizations of breaking an accord with him by inspiring companies to stop advertising on Twitter. Such accusations have however been denied by the civil rights organizations. On Tuesday, Musk had tweeted, “a large coalition of political/social activist groups agreed not to try to kill Twitter by starving us…
The company that intends to take Trump Media and Technology Group and its Truth Social platform public has said that shareholders voted to postpone be a number of months a deadline for its merger with the former president’s firm. Following a brief shareholder meeting to announce the delay, Digital World Acquisition Corp. shares closed more than 5%…
According to six sources with direct knowledge of the situation, Chinese authorities are preparing to levy a fine of more than $1 billion on Jack Ma’s Ant Group, putting an end to the fintech company’s two-year regulatory overhaul. According to five of the sources, the regulator preparing the fine is the People’s Bank of China…
Best Buy Co Inc forecasted a smaller drop in annual sales than previously estimated on Tuesday, saying it was confident that an increase in deals and discounts would attract more inflation-weary customers during the holiday season. In premarket trading, the retailer’s stock rose 8% to $76.60 after the company announced that it had resumed its…
The latest British supermarket chain that has decided to ration eggs due to supply issues is Tesco. Customers are now limited to purchasing three boxes of eggs at the checkout due to rising costs for poultry farmers and an avian flu outbreak. Following in the footsteps of Asda and Lidl, Britain’s largest supermarket chain, Tesco…
A human rights activist is suing Facebook’s owner in the Supreme Court, alleging that the company is violating her right to object to the collection of her personal data. Tanya O’Carroll has sued Mark Zuckerberg’s Meta, alleging that it violated UK data laws by failing to respect her right to request that Facebook stop collecting…
According to the CEO of Tata Group-owned Air India on Saturday, the airline is in discussions with Boeing and Airbus about placing an order for new aircraft while also repairing grounded aircraft and leasing aircraft to meet its immediate needs. The autos-to-steel conglomerate, which completed the acquisition of Air India in January, faces a difficult…
FTX, the cryptocurrency exchange that recently collapsed has announced that it had started a strategic review of its global assets and was getting ready to sell or reorganize some companies. A court order was also requested by FTX and about 101 affiliated companies to permit the operation of a new global cash management system and…
Mark Zuckerberg, the chief executive of Meta Platforms Inc., assured staff on Thursday that the company’s next wave of sales growth would be driven by WhatsApp and Messenger in an effort to allay financial worries following its first round of mass layoffs. A week after Meta announced it would lay off 11,000 employees, Zuckerberg responded…
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