Sources: Wayfair plans to lay off over 1,000 employees, or 5%+ of its staff, due to shrinking sales; the online furniture seller cut ~870 jobs in August 2022 — Online furniture retailer has struggled with shrinking sales — Tech Layoffs Pile Up as Bosses Reverse Course — Created with sketchtool.
Autonomous vehicles in China face legal and financial issues, including different rules set by local governments, less funding, and uncertain profit prospects — WeRide and Pony.ai turn to selling systems for short-term profits — GUANGZHOU/TOKYO — China's efforts to get more nearly autonomous vehicles …
Analysis: ransomware attackers received at least ~$457M in 2022, a low estimate, down from ~$766M in 2020 and 2021, as victims increasingly refuse to pay — 2022 was an impactful year in the fight against ransomware. Ransomware attackers extorted at least $456.8 million from victims in 2022, down from $765.6 million the year before.
India's Supreme Court declines Google's request to block the Competition Commission of India's antitrust order on Android, leaving in place a $116M fine — India's competition regulator on Thursday denied allegations by Google that investigators had “copy-pasted” parts of a European ruling …
Twitter launches Blue on Android for $11 per month, the same as iOS and $3 more than the web, after launching an annual subscription — A day after launching an annual Twitter Blue subscription, the social media company made the paid plan available for purchase for Android users today.
National Australia Bank creates the AUDN stablecoin, the second major Australian bank after ANZ's A$DC, letting customers settle transactions on the blockchain — National Australia Bank has become the second of the major banks to create a stablecoin, called the AUDN, to allow its business customers …
CoinDesk retains investment bankers at Lazard to help the outlet explore options including a partial or full sale after “numerous” indications of interest — Company has ‘received numerous inbound indications of interest,’ CEO Kevin Worth says — CoinDesk Inc. …
At the World Economic Forum in Davos, Circle and other crypto companies are hoping to rehabilitate the industry's image after FTX and find new investors — The World Economic Forum's annual gathering has become an unlikely destination for the crypto industry as it tries to raise its profile — and new funds
Twitter begins offering an annual Blue plan for $84 on the web, saving around 12% for a monthly web subscription and 36% for an iOS subscription — Ever since Elon Musk took over Twitter, one of his aims has been to build up its subscription business, launching a revamped Twitter Blue package …
After criticism from users, Adobe Chief Product Officer Scott Belsky denies using customer projects to train the company's generative AI services — Adobe Inc. Chief Product Officer Scott Belsky said the company has never trained its generative artificial-intelligence services on customer projects …
As Apple shifts from China, experts worry India will struggle with iPhone production due to supply chain issues, labor woes, a lack of automation, and more — The tech giant increasingly finds itself beholden to America's biggest geopolitical rival. But is diversification even possible?
A look at LockBit, a Russia-linked hacking group that claimed responsibility for compromising 40 organizations in the past month, including the UK's Royal Mail — LockBit claims it has compromised 40 organisations around the world in just the past month — As the UK's Royal Mail grappled …
Interviews with 24+ people detail Elon Musk's destructive Twitter leadership: brutal layoffs, relaunching Blue, losing money, and breaking the company's culture — Twitter's staff spent years trying to protect the social media site against impulsive billionaires who wanted to use the reach …
A draft House memo detailed failures by Twitter, YouTube, and other platforms to address extremism before January 6, much of which were not in the final report — The House committee investigating the riot avoided detailed discussion in its report for fear of offending Republicans and tech companies, sources say
Google's Nest appears to be working on AirTag-like location trackers, codenamed “Grogu”, with support for Bluetooth LE and UWB, possibly for launch at I/O — Google is reportedly working on a location tracking tag to compete with the likes of Apple's AirTags and Tile trackers …
Yazhou Sun / Bloomberg : Anthropic cuts its list of unauthorized secondary market sellers from eight to four after the initial notice cau...
