Monday, October 25th, 2021

Category: Business

Trump SPAC appears to be hurting ‘meme stocks’ — but boosting Robinhood

As shares of the “Trump SPAC” get pushed to eye-popping levels, the “meme stocks” that were all the rage on Reddit this spring could be collateral damage, sources told On The Money. Shares of...

Survey Shows Broad Support For Worker Strikes

Workers at companies like Kellogg’s, Nabisco and John Deere have hit the picket lines in recent weeks hoping to get a better deal from their employers. A new survey suggests the public by and...

Mark Zuckerberg accuses whistleblowers and media of plotting against Facebook

Mark Zuckerberg angrily fired back at a torrent of bad press on Monday, accusing whistleblowers and reporters of plotting against the company as it posted better-than-expected quarterly profits.  “My view is that what we...

Jeff Bezos’ Rocket Company Wants to Build a Space Station

Blue Origin, the space company owned by Jeff Bezos, the founder of Amazon, is teaming up with other firms to build a space station in Earth orbit. The group announced its plans on Monday,...

Blue Origin teams with Boeing to create ‘business park’ in space

Billionaire Jeff Bezos-owned Blue Origin on Monday unveiled plans to develop a commercial space station called “Orbital Reef” with Boeing aiming to launch the spacecraft in the second half of this decade. The venture...

Gene Freidman, ‘Taxi King’ Who Upended His Industry, Dies at 50

He bid up the price of medallions and borrowed against them. When their value plummeted, immigrant cabbies were left deep in debt. Source link

Facebook has struggled to fight human trafficking, leaked documents show

Facebook for years has reportedly struggled to crack down on human traffickers using its platforms, leaked documents show. Facebook has known about human traffickers using its platforms since at least 2018, according to CNN. The...

McDonald’s workers set to strike Tuesday over sexual harassment

McDonald’s employees in at least 10 cities are planning to strike on Tuesday to protest the company’s handling of sexual harassment in the workplace and urge workers at the burger chain to unionize. The...

PayPal says it’s not buying Pinterest

PayPal is not pursuing an acquisition of Pinterest at this time, the digital payments company said on Monday, after several media last week reported on its talks to buy the digital pinboard site for...

Proposed Tax on Billionaires Raises Question: What’s Income?

Democrats are homing in on unrealized capital gains raises as a way to help fund their social spending bill. Source link