Ford Battery Announcement
Ford’s EV Unit Is Losing Billions, Company Likens It to a Startup

Ford revealed that its EV unit is losing billions of dollars and says it should be viewed as a startup, one Ford is committed to.

Amazon Shopping - Image by Hannes Edinger
Amazon Is Taking Half of Sellers’ Revenue

Many e-commerce companies rely on Amazon for the bulk of their business, but it is a costly proposition with Amazon taking half of their revenue.

Typing on Computer Keyboard - Image by Victoria Loveland
Move Over Subscription Economy, Usage-Based Billing Is Here

Subscription pricing models may be an unforeseen casualty of the economic downturn, paving the way for usage-based billing.

Twitter Screen - Image by Photo Mix
Twitter Payments Head Esther Crawford Has Been Laid Off

The carnage at Twitter continues, with Twitter Payments head Esther Crawford laid off, along with most of her team.

Amazon CEO Andy Jassy
Amazon Reports First Unprofitable Year in Almost a Decade

Amazon delivered its quarterly report and it was bad news as the company turned in its first unprofitable year in almost a decade.

Income Tax Calculator - Image by Steve Buissinne
Intuit Lobbying Congress to Protect Its Tax Filing Business

Intuit is going all-in in its lobbying efforts to protect its lucrative tax filing business at a time when Congress is threatening it.

Reddit Logo
Reddit’s IPO May Be on Track for the Second Half of 2023

Reddit may finally be moving forward with its IPO after laying the groundwork for nearly two years.

Bitcoin Blockchain - Image by Mohamed Hassan
Tesla’s Net 2022 Bitcoin Losses Totaled $140 Million

Tesla executives may be regretting the company’s investment in Bitcoin, with its losses totaling a whopping $140 million in 2022.

Snap Is Cutting Google and AWS Cloud Spending

Snap is cutting back its cloud spending, reducing how much it pays both Google Cloud and AWS.

Intel CEO Pat Gelsinger
Intel Slashes Employee Pay Rather Than Reduce Dividend

Intel is showing where its priorities are, slashing employee pay in an effort to maintain its quarterly dividend.

Figma - Credit Figma
Adobe’s Figma Purchase May Be In Jeopardy

Adobe’s $20 billion Figma deal may be in trouble, with EU Commission weighing whether to launch an antitrust probe.

Liz Coddington, Former AWS VP of Finance, Joins Peloton As CFO

Peloton has scored a major win in its recruiting efforts, hiring Liz Coddington to be the company’s new CFO.

Marc Andreessen
Andreessen Horowitz Wants to Manage the Finances of Startups It Invests In

VC firm Andreessen Horowitz (a16z) may be looking to more aggressively protect its investments by managing the finances of startups it invests in.

GM CEO Mary Barra
GM Investing $650 Million in Lithium Americas for Lithium Mining

General Motors is investing $650 million in Lithium Americas to help develop the Thacker Pass lithium mine in Nevada.

PayPal Is Laying Off 2,000 of Its Workforce

PayPal has announced it is laying off roughly 2,000 employees, representing approximately 7% of its staff.

Impossible Meat
Impossible Foods May Lay Off 20% of Its Workforce

Impossible Foods may be poised for a second round of layoffs, with a report putting the number at 20%.

Arrival UPS Van
EV Startup Arrival Appoints New CEO, Lays Off 50% of Staff

Electric vehicle startup Arrival has undergone a major shakeup, appointing a new CEO and announcing layoffs of 50% of its staff.

Salesforce Logo
Salesforce Bows to Investor Pressure, Appoints New Board Members

Salesforce is bowing to investor pressure, appointing new board members shortly after activist investor Elliott Management invested in the company.

Visa Mastercard - Image by Alina Kuptsova
Major Banks Joining Forces to Take on Apple Card, PayPal

Major banks are reportedly joining forces in an effort to better take on Apple Card and PayPal in the digital wallet market.

Intel Ocotillo - Credit Intel
Intel Loses $8 Billion Market Value in ‘Historic Collapse’

Intel’s recovery hit a major speedbump Friday as the company saw $8 billion of its market value wiped away, surprising analysts.