Collaborate Disseminate
An anonymous reader shares a report: Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $… Continue reading A Startup Once Valued at $22 Billion is Now Worth Nothing
An anonymous reader quotes a report from Reuters: Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional b… Continue reading Robinhood Launches Desktop Platform, Adds Features and Index Options Trading
U.S. exchanges’ four-character limit for ETF tickers is creating fierce competition in the $10 trillion industry, particularly for single-stock funds. With 456,976 possible combinations, options narrow drastically when built around existing company tic… Continue reading America Risks Running Out of Tickers for Single-Stock ETFs
PayPal completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions. From a report: PayPal paid an invoice to Ernst & Young LLP on S… Continue reading PayPal Completes Its First Business Transaction Using Stablecoin
schwit1 shares a report from The Independent: Thousands of Bank of America customers reported trouble accessing their bank accounts Wednesday afternoon as the financial institution faced a widespread outage. On social media, customers said they could n… Continue reading Bank of America Is Down: Users Report Their Accounts Showing Empty Balance
Financial Times has more details on the new fundraise closed by OpenAI. From the report: OpenAI has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI, as it secures $6.6bn in new funding and seeks to shut out challe… Continue reading OpenAI Asks Investors Not To Back Rival Startups Such as Elon Musk’s xAI
More American workers are seeing their compensation tied to performance metrics, a shift from traditional fixed salaries. A 2024 survey by Alexander Group found 28% of over 300 companies are incorporating incentive pay into new roles, extending a pract… Continue reading The Big Shift From Salaries To Bonus-Based Pay
“The Federal Trade Commission is cracking down on ‘automation’ companies that launch and manage online businesses on behalf of customers in exchange for an upfront investment,” reports CNBC’s Annie Palmer. “The latest case targets Ascend Ecom, which ra… Continue reading Promises of ‘Passive Income’ On Amazon Led To Death Threats For Negative Online Review, FTC Says
German law enforcement seized 47 cryptocurrency exchange services “that facilitated illegal money laundering activities for cybercriminals,” according to BleepingComputer, “including ransomware gangs.”
Long-time Slashdot reader Arrogant-Bastard share… Continue reading Germany Seizes 47 Crypto Exchanges Used By Ransomware Gangs
An anonymous reader quotes a report from Bloomberg: Walmart customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions betwe… Continue reading Walmart Plans Instant Bank Payments, Cutting Out Card Networks