Journal
- Technology
NY AG Letitia James files a civil suit against Alex Mashinsky, alleging the co-founder of Celsius defrauded investors out of billions by making false statements (Wall Street Journal)
Wall Street Journal: NY AG Letitia James files a civil suit against Alex Mashinsky, alleging the co-founder of Celsius defrauded…
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Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after finding it came at a "high and inefficient cost" (Wall Street Journal)
Wall Street Journal: Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after…
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Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal: Some VCs that held onto stakes in startups after IPOs during the bull market,…
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Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in November 2022, with new cuts starting over the coming weeks (Wall Street Journal)
Wall Street Journal: Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in…
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The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector's 12% drop and Nasdaq Composite Index's 33%, weighed down by interest rates (Peter Rudegeair/Wall Street Journal)
Peter Rudegeair / Wall Street Journal: The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector’s…
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A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance (Megha Mandavia/Wall Street Journal)
Megha Mandavia / Wall Street Journal: A look at three pieces of Indian government legislation planned in 2023 to regulate…
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The US Federal Reserve, FDIC, and OCC release a joint statement warning banks that issuing or holding crypto is likely inconsistent with safe banking practices (Paul Kiernan/Wall Street Journal)
Paul Kiernan / Wall Street Journal: The US Federal Reserve, FDIC, and OCC release a joint statement warning banks that…
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Foxconn partners with Nvidia to produce electronic control units based on Nvidia's Drive Orin intelligent vehicle SoC and use them in Foxconn's manufactured EVs (Sabela Ojea/Wall Street Journal)
Sabela Ojea / Wall Street Journal: Foxconn partners with Nvidia to produce electronic control units based on Nvidia’s Drive Orin…
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CWA announces that about 300 quality-assurance testers in Microsoft's ZeniMax unit have voted to form a union, the first in the US for Microsoft (Sarah E. Needleman/Wall Street Journal)
Sarah E. Needleman / Wall Street Journal: CWA announces that about 300 quality-assurance testers in Microsoft’s ZeniMax unit have voted…
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