Google has agreed to settle a $5 billion lawsuit that alleges the company secretly tracked Chrome users while they were browsing the web in incognito mode, according to a Reuters report Thursday. Terms of the settlement haven’t been disclosed, but are expected to be presented to the court for approval by Feb. 24, according to … Read more
The NBA has been a business since it started in 1946. Throughout the years, commissioners have done their best to make it the best league in the world, and they’ve reached that feat for quite a while now. But change is inevitable, and even the association isn’t immune to it. Patrick Bet-David, a podcaster, broke … Read more
In 2020, Google was hit with a lawsuit that accused it of tracking Chrome users’ activities even when they were using Incognito mode. Now, after a failed attempt to get it dismissed, the company has agreed to settle the complaint that originally sought $5 billion in damages. According to Reuters and The Washington Post, neither … Read more
Françoise Bettencourt Meyers, the heir to the L’Oréal beauty empire is worth over $100 billion. The 70-year-old is the first woman to be worth over $100 billion. L’Oréal’s stock are up 35% year-to-date after hitting a record high on Thursday. Françoise Bettencourt Meyers, the heir to the L’Oréal beauty empire has become the first woman … Read more
For yet another year, hackers stole billions of dollars in crypto. But for the first time since 2020, the trend is downwards, according to crypto security firms. This year, hackers stole around $2 billion dollars in crypto across dozens of cyberattacks and thefts, according to De.FI, the web3 security firm that runs the REKT database. … Read more
China’s first offline esports experience hall Tencent V-Station, Shanghai, China, October 31, 2020. Costfoto | Future Publishing | Getty Images Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press … Read more
Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. In a statement, the two companies said “there is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.” Adobe shares rose around … Read more
SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on Nov. 18, 2023. Joe Skipper | Reuters The valuation of Elon Musk’s SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday. The company is discussing … Read more
The long suffering shareholders of Macy’s (M) just scored an early Christmas gift. Macy’s has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management, a source familiar with the matter told Yahoo Finance late Sunday. The offer — which values Macy’s at about $21 a share … Read more
A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021. Brian Snyder | Reuters AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in … Read more