Collaborate Disseminate
Online education company 2U filed for Chapter 11 bankruptcy protection and is being taken private in a deal that will wipe out more than half of its $945 million debt [non-paywalled link]. From a report: 2U was a pioneer in the online education space, … Continue reading 2U, Once a Giant in Online Education, Files for Chapter 11 Bankruptcy
snydeq shares a report from CIO.com: ServiceNow has reported potential compliance issues to the US Department of Justice “related to one of its government contracts” as well as the hiring of the then-CIO of the US Army to be its head of global public s… Continue reading ServiceNow Embroiled In DOJ Probe of Government Contract Award
Southwest Airlines announced Thursday that it will get rid of open seating in a sweeping change from its decades-long practice. Instead, it will begin assigning seats and offer premium seating with extra leg room. From a report: Southwest CEO Bob Jorda… Continue reading Southwest Scraps Open Seating, Ending Decades-Long Practice
Malaysia’s digital minister said today he has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during last week’s global tech outage. From a report: Five government agencies and nine companies op… Continue reading Malaysia Asks Microsoft, CrowdStrike To Consider Covering Losses From Global Outage
Humble Games, the indie game publisher behind the popular pay-what-you-want “Humble Game Bundle,” has laid off its entire staff of 36 people. However, the company says it is not shutting down and Humble Bundle will not be impacted. Instead, the job cut… Continue reading Indie Game Publisher Humble Games Reportedly Lays Off All Staff
smooth wombat writes: The FTC has sent mandatory notices for information to eight companies it says engages in “surveillance pricing”, the process by which prices are rapidly changed using AI based on data about customer behavior and characteristics. T… Continue reading FTC Launches Probe Into ‘Surveillance Pricing’
Amazon’s strategy to set prices low for Echo speakers and other smart devices, expecting them to generate income elsewhere in the tech giant, hasn’t paid off [paywalled]. From a report: Amazon’s Echo speakers are the type of business success companies … Continue reading Alexa Is in Millions of Households – and Amazon Is Losing Billions
Wiz, the cloud security startup that was in acquisition talks with Google, has decided not to forward with the deal and to remain an independent company, according to an internal note sent to company employees on Monday. Fortune: “While we are flattere… Continue reading Wiz Turns Down $23 Billion Google Deal
8.5 million Windows devices were ultimately affected by the Crowdstrike outage, according to figures from Microsoft cited by CNN.
And now an anonymous Slashdot reader shares CNN’s report on the ramifications:
What one cybersecurity expert said appea… Continue reading Who Will Pay For the Costs of Crowdstrike’s Outage?
Shares of cybersecurity company CrowdStrike Holdings dropped 15% on Friday after the company’s software update resulted in what may turn out to be the largest IT outage ever. CrowdStrike stock “is on pace for its steepest daily loss since November 2022… Continue reading CrowdStrike Stock Tanks 15%, Set For Worst Day Since 2022