Tuesday, October 26th, 2021

Category: Business

Missing Foreign Workers Add to Hiring Challenges

Neha Mahajan was a television journalist in India before her husband’s job moved her family to the United States in 2008. She spent years locked out of the labor market, confined by what she...

Mastercard expands cryptocurrency services with wallets, loyalty rewards

Mastercard said on Monday it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under...

E-sports joins the SPAC craze as FaZe Clan seeks to go public.

FaZe Clan, the e-sports conglomerate, announced on Monday that it planned to join the public markets in a deal that involves merging with a special purpose acquisition company, or SPAC, which would value it...

Facebook failed to police abusive content globally, documents show

Facebook employees warned the company for years that it was failing to effectively respond to abusive and harmful content, particularly in developing countries, according to leaked documents and interviews with former employees. Facebook knows...

Grubhub ‘cause of the public market’s loss’ under new owner, investor claims

Just four months after Grubhub was acquired by a Dutch company, an investor says Grubhub is a dud that needs to go.   On Monday, Cat Rock Capital Management sent a letter to the board...

E-sports joins the SPAC craze as FaZe Clan seeks to go public.

FaZe Clan, the e-sports conglomerate, announced on Monday that it planned to join the public markets in a deal that involves merging with a special purpose acquisition company, or SPAC, which would value it...

‘History will not judge us kindly’: Facebook employees rip Zuckerberg in leaked messages

Facebook employees say Mark Zuckerberg’s obsession with growth has overridden ethical concerns and allowed hate speech and incitements to violence to spread unchecked, internal messages leaked to media outlets show.  “History will not judge...

Tesla stock pops as Hertz orders 100,000 cars in electric rental revamp

Shares of Tesla popped more than 4 percent Monday morning after car-rental company Hertz announced a deal to buy 100,000 of Elon Musk’s electric cars in an overhaul of its rental fleet. The order...

Facebook misled investors as it lost young users, whistleblower alleges

Facebook allegedly misled investors and masked slowing growth among critical demographics like young users in the US, according to internal documents leaked by whistleblower Frances Haugen. The documents show that young people are generally...

The New Billionaire Tax in Democrats’ Sights

Billionaires on the hook? As Democrats race to find ways to pay for President Biden’s social spending plans — particularly as one of their own, Senator Kyrsten Sinema of Arizona, blocks efforts to raise...