Microsoft plans to lay off nearly 5% of its workforce, totaling 10,000 workers this week. The company has a total workforce of nearly 221,000 workers, with 10,000 workers being laid off, this marks Microsofts largest amount…
U.S. AIR FORCE ACADEMY, Colo. -- Tesla Inc. Chief Executive Officer Elon Musk poses for a photograph with U.S. Air Force Academy Cadets in Mitchell Hall during a tour hosted by Superintendent Lt. Gen. Richard Clark on April 7, 2022. Musk met with Academy senior leadership and delivered remarks to a crowd of cadets and faculty. (U.S. Air Force photo by Justin R. Pacheco)
Twitter and Elon Musk: An Update
As of closing bell last night, Twitter was down 1.85% in the markets. Earlier in the year, Elon Musk was poised with $44 billion to acquire Twitter and then tried to back out of the…
Wall Street Deal Making Faces Greater Scrutiny Under…
The Biden administration’s antitrust enforcers are throwing sand in the gears of Wall Street’s deal machine. Under Chairwoman Lina Khan, the Federal Trade Commission is questioning mergers that likely would have gone unchallenged in years past—a…
Amazon Sues Thousands of Facebook Administrators Over Fraudulent…
Amazon on Tuesday filed a lawsuit against the administrators of more than 10,000 Facebook groups who allegedly acted as fake review brokers. The lawsuit filed in King County Superior Court in Seattle accuses the group admins of soliciting reviews for…
Elon Musk via Wikimedia Commons
Judge Agrees to Expedite Twitter Lawsuit Against Elon…
A Delaware judge agreed to expedite the trial for Twitter's lawsuit against Elon Musk to October. Twitter's and Musk's legal teams met on a Zoom call on Tuesday, in which they each presented a case for…
Tomás Del Coro from Las Vegas, Nevada, USA, CC BY-SA 2.0, via Wikimedia Commons
Spirit Postpones Frontier Deal Vote…Again
Spirit Airlines agreed to push its shareholder vote on the Frontier deal again in order to give the airline more time to garner support from Spirit shareholders. Spirit, the nation's largest budget carrier, announced Wednesday that…
Theranos COO Founds Guilty on All 12 Charges
Former Theranos executive Ramesh "Sunny" Balwani was found guilty of 12 federal criminal fraud charges on Thursday, making him the second high-level leader of the now-defunct blood testing firm convicted of deceiving investors about its failed technology.…
Apple to Unveil ‘Lockdown Mode’ to Block Government…
Apple said Wednesday it will roll out a new "Lockdown Mode" option to its upcoming iPhone and Mac software intended to protect users against mercenary spyware unleashed by state-sponsored hackers. The technology giant said the…
Amazon Reveals New Policy for Off-duty Workers
Amazon employees are now barred from accessing buildings and working areas if they are not scheduled to work that day, the company announced. The policy shift comes amid a feud with unions, who have criticized the…
