Amazon, UPS, Target, GM, and other major US companies are laying off tens of thousands of white collar workers, as executives hope AI can handle their workload
Layoffs at companies ranging from Amazon to Target are sending young and experienced workers alike into an unwelcoming market
Meta officials say the US stopped proactively sharing information on foreign influence operations, as the company releases its Q3 2023 Adversarial Threat Report
AJ Vicens / CyberScoop :
Internal document: Twitter's US ad revenue from April 1 to the first week of May fell 59% YoY to $88M; sources say that performance is unlikely to improve soon
In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.
How the US is making arrests and seizing crypto funds, like James Zhong's 50K+ bitcoin, using Chainalysis and other tools to identify criminals via transactions
Federal authorities are making arrests and seizing funds with the help of new tools to identify criminals through cryptocurrency transactions
How the gambling industry has kept up with decades of computer-assisted tech developed to beat roulette, like wearable devices, timers, and predictive software
https://www.bloomberg.com/... John Connolly : When I was at the ICE show in London in February 2004, I offered my services to a manager friend of mine at the Ritz Club Casino. … Tw...
How the gambling industry has kept up with decades of computer-assisted tech developed to beat roulette, like wearable devices, timers, and predictive software
One spring evening, two men and a woman walked into the Ritz Club casino, an upmarket establishment in London's West End. LinkedIn: John Connolly , Christine C. Cook , David Sharra...
How GameStop chairman Ryan Cohen abandoned his e-commerce push for the company to refocus on its ~4,400 stores, leading to GameStop's first profit in two years
GameStop has decided to hit the brakes on its eCommerce push to refocus on its 4,400 brick-and-mortar locations. … Tweets: Glenn Gabe / @glenngabe : It's quite the comeback story, ...
A profile of FTX co-founder and CTO Gary Wang, a roommate to Sam Bankman-Fried at MIT who is cooperating with the US, as insiders say he may have key insights
They'd come a long way together, from teenage mathletes to MIT frat brothers to crypto billionaires.
Donald Trump and Facebook have both decayed since his ban, and despite his unpredictability and tech's recent wild swings, his reinstatement may not matter much
Trump is key to social media company's success Travis Gettys / Raw Story : Trump official: Former president would look ‘pathetic’ if he returns to Facebook — and destroy his ‘usele...
Facebook and Donald Trump have experienced a mutual decay since his ban, both losing their shine, meaning his reinstatement may not be as impactful as feared
stale, even—about the news.” Smart and clarifying, by @cwarzel: https://www.theatlantic.com/ ... Cheri Jacobus / @cherijacobus : “internet-addled aging rageposters” is the name of ...
Meta plans to reinstate Donald Trump's Facebook and Instagram accounts in the coming weeks with “new guardrails to deter repeat offenses”, after a two-year ban
- “We've always believed that Americans should be able to hear from the people who want to lead the country,” Clegg told Axios.
By suing Genesis Global Capital and Gemini Trust over Gemini Earn in 2023, the SEC is years late to addressing the crypto lending product marketed as a security
Earn — Well, of course: … We covered this in 2021, when Coinbase Global Inc.'s similar crypto lending program was shut down by the SEC before it started.
Adobe: US consumers spent $10.7B online on Cyber Monday, below expectations and down 1.4% from $10.8B in 2020, as many shoppers returned to physical stores
- Consumers logged online Monday and spent $10.7 billion, marking a 1.4% decrease from year-ago levels, according to data from Adobe Analytics.
Profile of Twitter's new CEO Parag Agrawal, little known to the public and a Jack Dorsey confidant who has been involved in many big strategic initiatives
A longtime Twitter insider and a confidant of co-founder Jack Dorsey, Mr. Agrawal takes over as the social media company confronts various challenges.
Jeff Bezos beat the National Enquirer by bypassing media and appealing directly to regular people, retaliating with the brutal efficiency used to build Amazon
Brad Stone / Bloomberg : Tweets: @bradstone , @ashleevance , @jackposobiec , @nkulw , @stevekopack , @ritholtz , @gregotto , @tomgara , @benyt , @jbarro , and @bradstone Tweets: B...
Sources: Mark Zuckerberg stoked concerns about Chinese internet companies and TikTok in meetings with officials and several senators in Washington, DC last fall
Social-media tycoon emphasized threat from Chinese internet companies as he worked to fend off U.S. regulation of Facebook
Facebook, Google, and Twitter are making the same mistakes big news outlets made decades ago, trying to placate hyperpartisan critics who are “working the refs”
The new referees in American politics are Facebook, Google and Twitter, and they would be wise to pay attention to lessons the old media tried to learn. Tweets: @rottenindenmark , ...
Sources: Zuckerberg told staff Facebook won't change policies because of “threat to a small percent of our revenue”, expects advertisers to return “soon enough”
Facebook CEO Mark Zuckerberg told employees he was reluctant to bow to the threats of a growing ad boycott …
Of the top 25 Facebook advertisers in 2019, which include Uber and Netflix, only three, Microsoft, Starbucks, and Pfizer, have said they are pausing ad spending
the ones with presumably the most leverage — have stayed quiet https://www.cnn.com/... Barry Ritholtz / @ritholtz : Walmart, Wells Fargo, Uber, Netflix, Domino's, American Express....
Facebook says it has removed ads from Trump's 2020 campaign that featured Nazi iconography; the campaign ran 88 ads with the inverted red triangle symbol
Update (6/18/20, 1:15 p.m. EDT): Facebook has removed the ads in question following this post and public backlash.