Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
New Mexico Jury Hands Meta Historic $375M Loss in Child Safety Case
A Santa Fe jury found Meta liable on all counts, including willfully engaging in “unfair and deceptive” and “unconscionable” trade practices.
OpenAI Kills Sora, Blowing Up Its $1 Billion Disney Deal
Just six months after Sora launched and quickly went viral, OpenAI is shutting down the AI video app as it pulls back on costs ahead of a potential IPO.
Inside Big Tech’s Earnings: How Alphabet, Amazon & Microsoft Stack Up
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Delta and United Urge Congress to End Government Shutdown
Delta Air Lines and United Airlines are calling on Congress to immediately end the government shutdown and restore pay to air traffic controllers.
Report: OpenAI Lays Groundwork for Potential $1 Trillion IPO
According to exclusive reporting from Reuters, OpenAI is reportedly preparing for an initial public offering that could value the company at up to $1 trillion.
Netflix Announces 10-for-1 Stock Split to Make Shares More Accessible
Netflix is splitting its stock 10-for-1, giving shareholders nine additional shares for each one they own as of November 10th.
The Compliance Revolution: Closing the Risk Blind Spots with a 360-Degree Strategy
Goutam Nadella, Chief Product Officer at Smarsh, discusses the 360-degree view of risk in the context of compliance.
Big Business This Week: Building “deep tech” that matters
Maybe it’s not high-tech that’s the answer to improving the world, maybe it’s actually… “deep tech.”
Meta Doubles Down on A.I. Spending as Zuckerberg Defends New Investments
Meta CEO Mark Zuckerberg defended the company’s heavy A.I. spending, saying it’s better to invest “too much than too little”.
Alphabet Tops $100 Billion in Quarterly Revenue for the First Time as Profits Soar
Google’s parent company Alphabet reported its first-ever quarter with more than $100 billion in revenue.
Paramount to Lay Off 2,000 Employees Following $8 Billion Skydance Merger
Paramount has begun layoffs affecting about 2,000 employees, or roughly 10% of its workforce, just months after completing its $8 billion merger with Skydance.
