May 23, 2024 Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake? It may be a small fraction of the company, but activist investors in Apple and ExxonMobil have accomplished a lot, with a lot less. BY Clint Rainey Update, 5/23/24: After this article was published, … Continue reading Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake?
April 29, 2024 Largest wireless carriers fined nearly $200 million for illegally sharing location data Carriers have allowed the use of location-data for programs like roadside assistance, logistics, medical emergency alert services, human trafficking alerts and fraud prevention. BY Reuters The Federal Communications Commission on Monday fined the largest U.S. wireless carriers nearly $200 million for … Continue reading Largest wireless carriers fined nearly $200 million for illegally sharing location data
April 24, 2024 Caitlin Clark, WNBA’s newest star, is expected to ink a $28 million Nike deal The eight-year contract includes a signature shoe. BY Associated Press Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 overall pick in the … Continue reading Caitlin Clark, WNBA’s newest star, is expected to ink a $28 million Nike deal
April 23, 2024 Perplexity becomes an AI unicorn with new $63 million funding round The San Francisco-based AI-native search company will use the money to add new talent and continue developing its platform. BY Mark Sullivan The buzzy AI-native search company Perplexity has joined the Unicorn club. The company has raised another $62.7 million in … Continue reading Perplexity becomes an AI unicorn with new $63 million funding round
April 22, 2024 TikTok warns 170 million Americans could lose their free speech rights if U.S. bill is enacted The legislation provides a nine-month deadline with a possible extension, if ByteDance makes progress towards a sale. BY Reuters TikTok on Sunday repeated its free-speech concerns about a bill passed by the House of Representatives that would … Continue reading TikTok warns 170 million Americans could lose their free speech rights if U.S. bill is enacted
April 16, 2024 A baby born this year could lose $1 million over their lifetime because of climate change Climate change is already costing you money. But for the average American born in 2024, the costs will be even higher, according to a new study from Consumer Reports and ICF. BY Adele Peters A baby born … Continue reading A baby born this year could lose $1 million over their lifetime because of climate change
April 04, 2024 An inside look at the Phoenix Suns and Mercury’s new $100 million headquarters The new headquarters is designed for the behind-the-scenes staff who makes Phoenix’s basketball teams run. BY Hunter Schwarz In Michael Lewis’ Moneyball, the Oakland Athletics use data and statistics, rather than traditional scouting methods, to build a team of players … Continue reading An inside look at the Phoenix Suns’ new $100 million headquarters
March 15, 2024 This one comment from Tim Cook just cost Apple $490 million A class-action lawsuit alleging that Cook’s 2018 call with investors was ‘misleading’ has netted a massive settlement. BY Sarah Bregel When you’re the CEO of a multibillion-dollar corporation, your words have weight. As Apple chief executive Tim Cook just found out, … Continue reading This one comment from Tim Cook just cost Apple $490 million
Twitter’s former CEO and other execs are suing Elon Musk and X for $128 million in unpaid severance The group says Musk “made up a fake cause” for their firing to avoid paying them. Karissa Bell Tue, Mar 5, 2024 Anadolu via Getty Images A group of former Twitter executives, including former CEO Parag … Continue reading Twitter’s former CEO and other execs are suing Elon Musk and X for $128 million in unpaid severance
Amazon to pay $1.9 million to settle claims of human rights abuses of contract workers The money will be split among 700 laborers. Lawrence Bonk Fri, Feb 23, 2024 jokuephotography via Getty Images Amazon will pay out $1.9 million to more than 700 migrant workers to settle claims of human rights abuses following exploitative … Continue reading Amazon to pay $1.9 million to settle claims of human rights abuses of contract workers
