FCC Chairman Ajit Pai is under investigation for collusion. Last year, Pai and the FCC changed the law which dictates how many stations a TV broadcaster can own. This paved the way for Sinclair to buy Tribune Media for $3.9 billion. Now, investigators are looking into whether Pai improperly colluded with Sinclair to change these rules.
Snap CEO Evan Spiegel is doubling down on the controversial app redesign after facing fierce backlash. At a conference, Spiegel said the widespread criticism actually validates Snapchat's mission. The update rolled out globally a few days ago and has faced sharp backlash from teens and even celebrity influencers like Chrissy Teigen. The new Snapchat separates friends and family from celebrities and media content. A petition to revert back to the old version has already picked up 1 million signatures.
Hollywood’s video game performers are going on strike, throwing part of the entertainment industry into another work stoppage.
Some of the smallest stocks on Wall Street have shown much more life recently. but professional investors still aren’t convinced.
Global shares have dropped as pessimism set in over Wall Street's nose-dive related to Big Tech's pullback.
Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine.
Warner Bros. Discovery informed the league Monday that it will match the $1.8 billion per year offer by Amazon Prime Video to air NBA games.
U.S. House leaders are calling on CrowdStrike CEO George Kurtz to testify over the global tech outage.
U.S. stocks are ticking higher and clawing back some of the losses from their worst week since April. The S&P 500 ticked up 1.0% on Monday.
The Olympics’ ever-expanding quest to draw in young fans is meeting them where they are — on Roblox.
Amazon says it had its best Prime Day sales event ever this week with $14.2 billion spent online on Tuesday and Wednesday, up 11% compared to last year.
As image-generating AI continues to evolve, artists are increasingly fighting against what they see as an existential threat to their craft.
