Filing: crypto exchange Mango Markets sues alleged exploiter Avraham Eisenberg for $47M in damages, saying he returned only $67M of the roughly $114M he netted — Mango Markets wants its money back after losing $114 million in October. — Decentralized crypto exchange Mango Markets sued …
A look at Google's evolving legal strategy to combat the DOJ's antitrust claims; sources say Google believed an ad unit spinoff could help end multiple cases — The latest U.S. lawsuit against Google compounds the legal issues the company faces worldwide while broadening the scope …
Hands-on with DoNotPay, a service claiming to be the first robot lawyer: slow, drafted a terrible defamation demand letter, missed legal issues, and more — Note: This post is an adaptation of what started initially as a Twitter thread. — I've been going pretty hard on DoNotPay …
New York AG Letitia James asks Madison Square Garden Entertainment for information on the alleged use of facial recognition to deny access to ticket holders — Probe related to company's alleged use of the technology to bar certain ticket holders from its venues
A brief history of VR/AR/MR devices and why hardware challenges have limited mainstream adoption, which could likely slow the metaverse's emergence and growth — Modern efforts to build extended reality (XR) devices—i.e., dedicated virtual reality (VR), dedicated augmented reality (AR) …
Elon Musk's Twitter has reinstated several Hindu nationalist accounts that were popular in India; upon returning, some have tweeted material denigrating Muslims — Human-rights groups say they have seen a rise in anti-Muslim material on the platform — Elon Musk's Unconventional Management Style: Former Employees Share Stories
NYC-based Precision Neuroscience, co-founded by a Neuralink co-founder to create a less invasive brain implant to track diseases, raised a $41M Series B — A new brain science company co-created by a founding team member of Elon Musk's Neuralink is raising millions of dollars to implant small electronic devices inside human skulls.
Texas Instruments reports Q4 revenue down 3.4% YoY to $4.67B, breaking a run of double-digit growth since 2020, and issues tepid Q1 guidance below estimates — Texas Instruments Inc., one of the world's largest chipmakers, suffered its first sales decline since 2020 and gave a tepid forecast …
UK-based enterprise VR training startup Gemba, used by Coca-Cola, Pfizer, and more, raised an $18M Series A led by Parkway; courses can cost ~$7,250 per person — Gemba, an enterprise-focused virtual reality (VR) training startup used by some of the world's biggest companies, has raised $18 million in a Series A round of funding.
Dutch chip equipment maker ASML reports Q4 sales up 29% YoY to €6.4B, 2022 net sales up 13% YoY to €21.1B, and forecasts 25% revenue growth in 2023 — - Dutch chip equipment maker ASML forecast a 25% jump in 2023 revenue. — ASML CEO Wennink said China accounted for around 15% …
After unofficial walkouts in 2022, hundreds of Amazon workers in a UK warehouse are striking, an unprecedented step by UK workers, after 98% voted in favor — Hundreds of Amazon.com Inc. fulfillment center workers in the UK plan to strike on Wednesday as part of unprecedented industrial action by the company's British employees.
Sources: Marc Benioff's controversial acquisitions, focus on growth over profits, celebrity relationships, and philanthropic pursuits have vexed shareholders — Marc Benioff helped build the software group into a Silicon Valley giant, but shareholders are agitating for change
Sources: increased SEC scrutiny of Circle, eToro, Galaxy Digital, and other crypto companies have blocked them from going public in the US over the past year — Companies including Circle Internet Financial and eToro have failed to secure the regulator's approval — Crypto's Crash Has Been Swift but Largely Self-Contained.
A look at Sam Bankman-Fried's $400M investment in obscure hedge fund Modulo, shortly before FTX collapsed; Modulo's executives had close ties to SBF and FTX — After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder's huge investment in Modulo Capital.
Binance acknowledges mistakenly storing collateral for some of its tokens in the same wallet as customer funds; reserves for around 47 coins are in one wallet — Binance Holdings Ltd., the world's largest crypto platform, acknowledged that it mistakenly keeps collateral for some of the tokens …
Financial Times : Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism o...
