Feed Items
The Justice Department has launched a criminal investigation into allegations payroll startup Deel recruited and paid a spy inside a Rippling office in Ireland, according to The The Wall Street Journal. In recent weeks, prosecutors have distributed subpoenas for a grand jury, the Journal ...
Some of the world’s biggest crypto exchanges are racing to let their customers trade crypto tokens that seek to track U.S. stocks, creating a parallel market that’s beyond the reach of U.S. regulators.
Binance is exploring reintroducing stock tokens on its exchange after having removed them in 2021, according to a person familiar with the plan. OKX, another major global platform, is also...
Google invested in Sakana AI, a Tokyo-based developer of AI models and applications, Sakana said Friday. Google invested at the same valuation as the Japanese company’s recently announced funding round, which valued it at $2.5 billion without the newly raised capital, according to Sakana ...
Amazon will begin a round of layoffs next week, which could affect thousands of corporate employees, Reuters reported. In October, Amazon announced it was laying off 14,000 employees to help reduce management layers and bureaucracy. The upcoming layoffs will affect roughly the same number of ...
Meta Platforms CEO Mark Zuckerberg has expanded his direct reports to include the two co-heads of the company’s newly created Meta Compute team, signaling the importance of the new effort to manage Meta’s AI computing capacity needs.
Zuckerberg announced Meta Compute in mid-January, declaring it a new “top-level initiative” that will be central to its plans to build hundreds of gigawatts’ worth...
TikTok announced it has completed a restructuring in which its data security arm is being transferred into a joint venture, owned by a group of investors including Oracle, MGX and Silver Lake, to bring the popular app into compliance with a 2024 law. The law had required TikTok’s U.S. ...
That’s what you call going out with a whimper. Capital One’s agreement on Thursday to buy Brex, a corporate credit card startup, for $5.15 billion is an uninspiring end to Brex’s life as an independent company. Those with long memories will remember that the nine-year-old Brex’s ambitions were once so grand it claimed to be disrupting American Express—Brex even used the term “BuyAmex” as the Wi-...
Brex’s $5.15 billion agreement to sell to Capital One isn’t the kind of exit employees or investors would have dreamed of four years ago, when it was valued privately at $12.3 billion. But it appears to be a good enough ending to the corporate credit card startup’s run as a private company. For one, the half-cash, half-stock deal gives Brex shareholders the kind of instant payday another private...
Microsoft said Thursday it was investigating an outage that took down Office 365 apps such as its Outlook email service and Teams messaging app in North America throughout the day. The company said it was aware of customers who were unable to send or receive emails through Outlook. It’s one of ...
Capital One struck a deal to buy payments and credit card startup Brex for $5.15 billion, the U.S. bank said on Thursday. That is a far cry from Brex’s last valuation of $12 billion during a 2022 fundraising, though the sale means investors in the nine-year-old startup will be able to cash out ...