A top Nike executive is stepping down over misconduct allegations. Brand president Trevor Edwards will resign from his position immediately but will stay on with the company through August. It was not immediately clear what sort of misconduct Edwards had engaged in. Nike sent an internal memo to employees saying it had received reports of behavior that was not in line with the company values of inclusivity, respect, and empowerment. Edwards, who's been with the company since 1992, was seen as a potential successor to the current CEO Mark Parker.
The popular stock trading app Robinhood is reportedly now worth $5.6 billion. According to a Wall Street Journal report, the company just get a new funding round of around $350 million from Russia's DST Global. That would make Robinhood worth $5.6 billion dollars, four times the amount its previous valuation of $1.3 billion. The app was introduced just three years ago and currently has 4 million users.
Hidden inside the foundation of popular artificial intelligence image-generators are thousands of images of child sexual abuse, according to a new report that urges companies to take action to address a harmful flaw in the technology they built.
Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
Hackers accessed Xfinity customers’ personal information by exploiting a vulnerability in software used by the company, the Comcast-owned telecommunications business announced this week.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
A new study published in the journal Behavior and Information Technology reveals less time on social media makes people happier and more efficient at work.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
