As 2022 winds down and investors reflect on a horrendous year, they can take some comfort in the fact that the big guys had their share of misses. Among them is Harris Kupperman, the president of hedge fund Praetorian Capital, who recently blogged about his 2022 calls he nailed — a selloff of big tech … Read more
Epic Games Inc. has agreed to pay $520 million to resolve Federal Trade Commission allegations that the “Fortnite” videogame developer violated online privacy protections for children and tricked players into making unintended purchases. The FTC said the agreement consisted of two record-breaking settlements that resolve a pair of civil complaints it was filing against Epic. … Read more
Self-driving trucking company TuSimple Holdings Inc. TSP -3.75% plans to cut potentially at least half of its workforce next week, people familiar with the matter said, as it scales back efforts to build and test autonomous truck-driving systems. A staff reduction of that size would likely affect at least 700 employees, the people said. As … Read more
The technology sector’s grip on the top spots in the annual Management Top 250 ranking slipped this year. Microsoft Corp. held its ground, ranking No. 1 in this measure of the best-run companies in the U.S. for the third straight year. But unlike last year, when tech companies took the first five spots in the … Read more
Lensa AI image. Sofia Pitt You may have noticed a new trend taking over your Instagram feed. Your friends are turning themselves into digital art with the help of an artificial intelligence-generated app called Lensa. Lensa AI is currently the top free app in Apple App Store, though you’ll have to pay to use the … Read more
In recent weeks, Apple Inc. AAPL -0.34% has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly … Read more
Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese … Read more
New York CNN Business — Elon Musk on Monday claimed that Apple has “threatened” to pull Twitter from its iOS app store, a move that could be devastating to the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk … Read more
Shawscope Volume 2 Trailer Reel Available December 6 If you have to buy a gift for the martial arts fan in your life, look no further than Arrow Films’ second volume of Hong Kong classics from Shaw Brothers studio. The 14 movies in this Blu-ray box set are The 36th Chamber Of Shaolin, Return To … Read more
Some people turn on closed captions because they like how it helps them understand the plotlines of shows and movies, and multitask in front of the tube. Others turn them on because they can’t hear what actors are saying. That doesn’t always mean they are hard of hearing. Muddled audio is the top reason why … Read more