Economy of the United States

Vice Media filed for Chapter 11 bankruptcy in the Court for the Southern District of New York on Monday, becoming the latest digital media giant to throw in the towel after years of economic struggles. Robinhood App Lays Off 9% of StaffThe company, which owns emblematic websites such as Vice, Motherboard, and Refinery, announced that it had filed for bankruptcy in a press release on Monday after months of failing to find a buyer. In the announcement, Vice Media stated that a consortium of its lenders, made up of Fortress…

A federal judge slapped down a discrimination lawsuit against Twitter filed by former employees who said owner Elon Musk specifically targeted women for his mass layoffs.Twitter Verification is a Hot MessAt the tail end of last year, close to 100 female former Tweeps sued the company in a proposed class action claiming the company discriminated against them based on their gender. The suit said owner Musk was already known for his “sexist, demeaning, and hostile comments” against women. The women alleged Twitter primarily…

In the blink of an eye, Wall Street Bets’ once-favored trading app burned a hole in one of meme stock traders’ favorite gambles, AMC Entertainment. On Monday, the stock trading platform briefly and erroneously told users that the company had suddenly gone belly up.Robinhood App Lays Off 9% of StaffRobinhood confirmed in a Monday tweet that around 1:45 p.m. that day, the platform “experienced a technical issue” that created a banner on the AMC Entertainment listing declaring it bankrupt. The trading platform claimed it…

Twitter founder and ex-CEO Jack Dorsey admitted he was wrong when he said that Elon Musk was the “singular solution” he trusted with the company and criticized his one-time friend for going through with his $44 billion takeover even after he got buyer’s remorse. Mr. Tweet Fumbles Super Bowl TweetOver on Twitter competitor Bluesky, a decentralized network similar to Mastodon that Dorsey helped start, the former Twitter leader struck a harshtone on the subject of Musk and said that it was important to build something new…

Google’s cloud business has turned a profit for the first time in more than three years, the company announced in a Q1 earnings report Tuesday. Google’s parent company, Alphabet, Inc., reported the cloud division saw a $706 million loss in its first quarter in 2022, according to CNBC, but a year later its earnings report revealed it has brought in $69.8 billion in revenue and $191 million in operating income.Google’s Antitrust Case Is the Best Thing That Ever Happened to AIThe cloud business is a collection of cloud…

Photo: Scott Olson (Getty Images)Musk spent most of 2022 trying to get out of the $44 billion deal to buy Twitter, which promptly got him sued. Although he never said so publicly, it was widely assumed that Musk closed the deal to buy Twitter in October because he determined that a court was going to force him to do so, anyway.The Twitter CEO confirmed as much in his chat with the BBC, where he compared the experience of buying the social media platform to a “soap opera” that was “quite entertaining.”“They were like,…

If an environmental law professor at a prominent university—who makes more than $350,000 a year advising a major oil and gas company—helps that company set up meetings with the federal government, is that lobbying? This is the question surrounding Harvard law professor Jody Freeman, who has come under increasing scrutiny in recent weeks for her paid position on the board of ConocoPhillips, as the Guardian and the Bureau of Investigative Journalism (TBIJ) reported this week.Robinhood App Lays Off 9% of StaffAccording to…

While the rest of the world marveled at the arrest of former President Donald Trump on Tuesday afternoon, Twitter’s resident menswear guru Derek Guy focused on something that, for him, was more important: Trump’s courtroom outfit. In his review, Guy discovered evidence not of criminal conduct, but supporting the age-old theory that the former president does indeed wear makeup, and lots of it, which his representatives have long denied. The Elon Musk Twitter Saga, Part 1 of Who Knows?Last week, Guy told his more than…

The Apple weather app is working again after it appeared to struggle to meet consumer expectations on Monday night into Tuesday. As more and more people rely on technology, we’ve become dependent on it for nearly everything, including the (usually) quick and easy step of referring to a weather app on our phone instead of stepping outside.Why Banning TikTok Won’t Protect Our PrivacyNonetheless, we all fall victim to the information that is supposed to be available at our fingertips, but one click on Apple’s weather app…

Image: Kena Betancur (Getty Images)Well, the day has come. As much of the country waited on pins and needles over the past few weeks for the indictment of twice-impeached former president Donald Trump, Tuesday, April 4, 2o23 became the day that Trump officially was arraigned in Manhattan. Naturally there was plenty of pushback from Trump’s supporters, who appeared in Manhattan in a crowd that was less than a fraction of what could have potentially beenJanuary 6: Part 2. The protests occurred both at Trump Tower in…