Business News
Meta Platforms Inc. and Microsoft Corp. are contemplating reductions or disclosing buyouts that may impact up to 23,000 positions, as part of a strategy to optimize operations and mitigate substantial expenditures on artificial intelligence. Meta informed its staff in an
The state of New York is taking legal action against Coinbase and Gemini, alleging that their prediction market platforms operate without regulation and licensing, which the state argues constitutes illegal gambling activities. Attorney General Letitia James has initiated a lawsuit,
Tim Cook Steps Down as Apple CEO
Apple Inc. Chief Executive Officer Tim Cook will pass the leadership to hardware chief John Ternus later this year, concluding a 15-year period that transformed the company into a $4 trillion enterprise encompassing watches, video streaming, and financial services. Ternus
Amazon.com Inc.’s $11.6 billion deal to acquire Globalstar Inc. intensifies the competition with Elon Musk’s Starlink in the satellite communications sector, a market anticipated to double to $200 billion in the near future. On Tuesday, Amazon revealed its intentions to
Meta Set to Outpace Google in Digital Ad Revenue
According to reports, Meta Platforms is expected to exceed Alphabet’s Google in global digital advertising revenue by the end of 2026, effectively dethroning the search-engine giant in this profitable sector. The global net ad revenues for the owner of Instagram
Amazon.com Inc. is reportedly in advanced discussions to acquire satellite operator Globalstar Inc. in a move that would enhance the tech giant’s ambitions to establish its own satellite operation, according to sources. A transaction could be announced as soon as
Apple Inc. is set to close its retail store in Towson, Maryland — a site that garnered national attention in recent years as the focal point of a rare unionization effort by the iPhone maker’s employees. The company announced on
Elon Musk is pursuing the removal of Sam Altman from his positions as Chief Executive Officer and board member at the artificial intelligence startup, as part of the billionaire’s legal challenge against the transition of the ChatGPT creator to a
Paramount Skydance is negotiating to obtain signed equity commitments nearing $24 billion from three sovereign wealth funds, spearheaded by Saudi Arabia, to support its acquisition of Warner Bros Discovery, as reported on Sunday. The US entertainment giant in February announced
The Trump administration announced on Friday its decision to merge two agencies that had been separated following the 2010 Gulf oil spill. This move is part of a broader initiative aimed at enhancing efficiency and expediting the permitting process for