Mastodon CEO Steps Down as the Social Network Restructures
Leadership Shift as Mastodon Moves Into a Non-Profit ModelMastodon creator Eugen Rochko is stepping down as CEO as the decentralized social network transitions into a non-profit structure announced earlier this…
DoorDash Confirms Data Breach Exposing Users’ Phone Numbers and Physical Addresses
Contact and Location Details Among Compromised InformationDoorDash confirmed a data breach that exposed names, email addresses, phone numbers, and physical addresses belonging to an unspecified number of users. The company…
Jeff Bezos to Serve as Co-CEO of New AI Startup Project Prometheus After Backing Its $6.2 Billion Raise
Bezos Steps Back Into Operations With New VentureJeff Bezos is set to step back into day-to-day operations as co-chief executive of Project Prometheus, a new AI startup he is helping…
Tesla Quietly Reworks Its U.S. Supply Chain to Phase Out China-Made Parts
Tesla is moving to eliminate China-made components from vehicles built in the United States, a major supply-chain overhaul driven by escalating trade tensions and new technology restrictions. According to people…
Verizon Plans 15,000 Job Cuts in Its Largest Workforce Reduction to Date
Verizon Communications is preparing to lay off roughly 15,000 employees in the coming days, marking the largest job reduction in the company’s history, according to The Wall Street Journal. The…
Checkout.com Rejects Ransomware Demand and Donates the Money to Cybercrime Research
Checkout.com declined to pay a ransom after a hacker group claimed to have stolen company data, instead choosing to donate the equivalent amount to academic institutions researching cybercrime. Chief technology…
Apple Reportedly Accelerating Plans to Replace Tim Cook, Eyes John Ternus as Likely Successor
Apple is preparing for the possibility that CEO Tim Cook could step down as early as next year, according to a report from the Financial Times. The company’s board and…
Jury Rules Apple Must Pay Masimo $634M for Infringing Blood Oxygen Monitoring Patent
A federal jury in California has determined that Apple must pay medical device company Masimo $634 million in damages for infringing a patent related to blood oxygen monitoring technology. Reuters…
RedBird Capital Withdraws £500m Bid for Daily Telegraph After Government Signals Review
U.S. investment group RedBird Capital has abandoned its £500 million bid to acquire the Daily and Sunday Telegraph, ending months of uncertainty surrounding the future ownership of the newspapers. The…
Walmart CEO Doug McMillon to Retire After More Than a Decade, Longtime Deputy John Furner to Take Over
Walmart chief executive Doug McMillon will step down in January, ending more than 10 years leading the world’s largest retailer and handing the role to John Furner, a longtime company…
German Court Orders Google to Pay €572M in Damages for Antitrust Violations in Price Comparison Market
A German court has ruled that Google abused its dominant position in the price comparison sector and must pay €572 million ($665.6 million) in damages to two German price comparison…
D.R. Horton Adopts Prophetic’s AI Zoning Platform to Accelerate Homebuilding Amid National Housing Shortage
D.R. Horton, the largest homebuilder in the United States, is partnering with Portland-based startup Prophetic to speed up land identification and development through an AI-driven zoning analysis tool. The company…
Despite High-Profile Exits, Only 28 Companies Have Left Delaware This Year
The number of companies choosing to leave Delaware remains small, despite public pressure from Elon Musk and recent high-profile departures. Coinbase became the latest to move its state of incorporation,…
Starbucks Faces New Strike as Labor Dispute Over Pay and Staffing Pressures Turnaround Efforts
Starbucks is confronting another strike from unionized baristas at a moment when the company is attempting to revive sales through faster service, store updates, and a renewed emphasis on its…
Skims Reaches $5 Billion Valuation After Raising $225 Million in New Funding
Skims, the shapewear company co-founded by Kim Kardashian, has secured $225 million in new investment, pushing its valuation to $5 billion. The funding round, which includes backing from a Goldman…
Deepwatch Cuts Dozens of Jobs as Company Shifts Resources Toward AI Automation
Cybersecurity company Deepwatch has laid off dozens of employees as part of a restructuring effort tied to expanding its investment in AI and automation. The company, which develops an AI-powered…
Anthropic Commits $50 Billion to U.S. Data Centers in Partnership With Fluidstack
Anthropic has announced a $50 billion data center buildout across the United States through a new partnership with U.K.-based neocloud provider Fluidstack, marking its largest infrastructure investment to date. The…
Foxconn’s Q3 Profit Rises 17% on Surging AI Server Demand, Beating Expectations
Foxconn, the world’s largest contract electronics manufacturer and a major supplier to Nvidia and Apple, reported a 17% year-on-year rise in third-quarter profit, fueled by robust demand for artificial intelligence…
Guinness Maker Diageo Names Former Tesco Chief Sir Dave Lewis as CEO Amid Declining Sales
Drinks conglomerate Diageo, the maker of Guinness, Johnnie Walker, and Smirnoff, has appointed Sir Dave Lewis, the former chief executive of Tesco, to lead the company as it struggles with…