Spotify shares climbed roughly 10% Monday after the music streaming service said it would cut 17% of its workforce, or about 1,500 jobs.
Category: Technology
Twilio lays off 5% of employees in unit activists want to divest
The company has been targeted by two activists who are pushing for at least the divestiture of Twilio’s Data and Applications business.
Uber shares pop as company is slated to join S&P 500
The S&P Dow Jones Indices announced Friday that Uber has been selected to join the S&P 500 Index.
Rockstar Games publishes Grand Theft Auto trailer early after it was leaked on X
The next game in the popular Grand Theft Auto video game will appear in 2025, more than a decade after Grand Theft Auto V.
How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
About half of America’s copper supply is imported and that could jump to two-thirds by 2035, according to S&P Global.
Amazon broke federal labor law by calling Staten Island union organizers ‘thugs,’ interrogating workers
Amazon retaliated against employees for their union activities at a Staten Island warehouse, a National Labor Relations Board judge ruled
Elon Musk hypes Tesla Cybertruck at deliveries event in Austin
Tesla previously aimed to sell its base model Cybertruck for about $40,000 but on Thursday revealed the base model will cost around $61,000.
Read Linda Yaccarino’s message to X employees about Elon Musk’s controversial DealBook interview
X CEO Linda Yaccarino sent a memo to employees that characterized Elon Musk’s recent controversial interview as “candid” and “profound.”
Amazon to win unconditional EU nod for iRobot deal
Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a few companies and big players leveraging their dominance...
Nvidia delays launch of new China-focused AI chip
Reuters was first to report that Nvidia (NVDA.O) has told customers in China it is delaying the launch of a new artificial intelligence chip it designed to comply with U.S. export rules until the first quarter of next year. The post Nvidia delays launch of new China-focused AI chip appeared first on Reuters News Agency.