By Bloomberg Published Feb 27, 2024 EBay Inc. posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts. Ebay The company also added $2 billion to an existing stock buyback program, increasing the total repurchase authorization to $3.4 billion. Fourth-quarter profit was $1.07 a share on [...]read moreEBay reports strong holiday quarter, expands buyback plan
New data from Norway examines how video games influence children, their social behaviors, and their spending habits. It turns out, younger players are being bullied over their lack of cosmetic skins, are using in-game items to become more popular, and are struggling to avoid all the ads and user-made scams connected to popular online games [...]read moreKids Bullied For Not Buying Skins In Fortnite, Roblox, Warzone
Apple has halted its long-rumored “Project Titan” work on developing an electric car, according to Bloomberg. The company reportedly announced the news internally on Tuesday and said many people in the 2,000-person team behind the car will shift to generative AI efforts instead. Apple’s chief operating officer Jeff Williams and Kevin Lynch, a vice president [...]read moreApple’s electric car project is dead
UBS analysts are predicting Netflix will raise streaming plan prices in 2024, according to Variety. This price hike prediction follows announcements made alongside the company’s fourth-quarter results in January, which hinted at such incremental increases in Netflix’s subscription plans. “We expect to see rate increases [from Netflix] this year,” UBS analyst John Hodulik said, pointing [...]read moreNetflix May Rise Prices Again This Year Analysts Expect
OpenAI has claimed in a motion filed Monday that The New York Times used “deceptive prompts” to get ChatGPT to regurgitate its content. For that and other reasons, the company is asking the US District Court in southern New York to dismiss several of the claims in the outlet’s copyright infringement lawsuit. OpenAI asserts that [...]read moreOpenAI claims the Times cheated to get ChatGPT to regurgitate articles
The Athlete’s Foot (TAF) on Tuesday reported global sales of $593 million, up 7%, in fiscal year 2023, as the sportswear retailer continued on its growth trajectory, “even amidst a challenging retail landscape.” The Athlete’s Foot The Atlanta, Georgia-based company attributed its financial growth to “heightened customer engagement,” during the year, particularly with the global rollout of its [...]read moreThe Athlete’s Foot posts 7% sales uptick in 2023
Call it what you want, but the genre popularized by Vampire Survivors has become a veritable sensation, with countless attempts to capitalize on its popularity. (Seriously, the number of these–and propensity for using the word Survivor in their name–is astounding.) I’ve found and enjoyed a number of these, particularly those that introduce some kind of [...]read moreDeep Rock Galactic’s Vampire Survivors-Style Game Excels By Giving You Something New To Do
In one of the VC world’s greatest ironies, investors have lately been clamoring to back startups that are helping other startups shut down. So whether a VC-backed startup is succeeding or shuttering, investors themselves are finding ways to make returns for their limited partners while also helping founders move on more quickly. And with an [...]read moreWhy VCs are investing in startups that help other startups shut down
Wendy’s will start experimenting with surge pricing, much like Uber and Lyft, as the company rolls out digital menus to all its United States restaurants by 2025, according to the company’s February earnings call. Under the test, burgers, Frosties, and other menu items will have “dynamic prices,” costing more during times of increased demand. Total [...]read moreWendy’s To Add Uber-Like Surge Pricing Next Year
Intuitive Machines’ first moon mission will come to a premature end due to the spacecraft landing on its side, which altered how the solar panels are positioned in relation to the sun, the company said in an update Tuesday morning. Flight controllers were still working to determine the battery’s remaining life, which could be between [...]read moreIntuitive Machines faces early end to moon mission after lander tips over