Innovation
WeWork to Go Belly Up? SEC Filing Shows Bankruptcy a Near-Certain Option
[ad_1] WeWork, which redrew rules in the corporate office space management in the pre-Pandemic days, has said it is likely to go bankrupt, capping years of financial struggles. The Softbank-backed...
Apple’s Market Value Breaches $3 Trillion for the First Time
[ad_1] Apple Inc's stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone...
Disney World Closes Its Newly Launched ‘Star Wars Hotel’ Amid Cost Cuts and Layoffs
[ad_1] Disney World is closing down its Star Wars-themed luxury hotel two years after it opened the much touted property offering immersive space experience. The Star Wars hotel, which offers...
LinkedIn Lays off More Than 700 Employees and Shuts Down InCareer App in China
[ad_1] Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.The company's CEO...
SEC Probes Top First Republic Executives Who Sold Millions Worth O=of Shares Before Crash – Report
[ad_1] The US regulators have launched a probe into the executives of First Republic Bank following the crisis-hit bank's takeover by JPMorgan. The Securities and Exchange Commission is investigating if...
Subway Comes Up With Debt Plan to Clinch $10 Billion-Plus Sale – Report
[ad_1] The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a...
Meta Share Surge Makes Zuckerberg Richer by $10 Billion As Facebook Makes More Money After massive Layoffs
[ad_1] A surge in Meta's share prices after its strong quarterly results resulted in Facebook founder Mark Zuckerberg's wealth rising by more than $10 billion, even as reports of layoffs...
Amazon Rakes in Massive Profits in First Quarter, Months After Cutting 27,000 Jobs
[ad_1] Amazon returned to profit and recorded better than expected profit of $3.2 billion for the first quarter. This return to profits came after reporting a loss of $3.8 billion...
Microsoft and Google’s Quarterly Revenue Surges After Cutting Thousands of Jobs Citing Poor Outlook
[ad_1] Tech giants Alphabet and Microsoft reported higher than expected quarterly revenues and the companies' shares rose more than 5 and 9 percent respectively on Tuesday.Alphabet, Google and YouTube parent...
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