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Elon Musk’s tenure at Twitter got even bumpier on Thursday, as he reportedly told employees during an emergency all-hands meeting that he can’t rule out the company filing for bankruptcy in the next year. Musk made the announcement during the all-hands meeting after an employee asked about the company’s current run rate, according to both The Information and Platformer managing editor Zoë Schiffer. Musk also reportedly told employees that if they weren’t physically at the office 40… Source link

Meta’s (META) recent mass layoff marks a turning point for a company whose business model once seemed untouchable despite years of controversies over privacy and Russian election interference. While some might blame Meta’s fall on CEO Mark Zuckerberg’s obsession with the immersive online world known as the metaverse, that’s only one factor that helped send its stock price plummeting 70% in the last year. Other major blows include the rise of short-form video platform TikTok, Apple… Source link

U.S. stocks posted outsized gains Thursday, logging their biggest one-day climb in two years, as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies. The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and 0.5% monthly gain. Moderations in the data again fueled bets that the Federal… Source link

Google says it has evidence that a commercial surveillance vendor was exploiting three zero-day security vulnerabilities found in newer Samsung smartphones. The vulnerabilities, discovered in Samsung’s custom-built software, were used together as part of an exploit chain to target Samsung phones running Android. The chained vulnerabilities allow an attacker to gain kernel read and write privileges as the root user, and ultimately expose a device’s data. Google Project Zero security… Source link

Google says it has evidence that a commercial surveillance vendor was exploiting three zero-day security vulnerabilities found in newer Samsung smartphones. The vulnerabilities, discovered in Samsung’s custom-built software, were used together as part of an exploit chain to target Samsung phones running Android. The chained vulnerabilities allow an attacker to gain kernel read and write privileges as the root user, and ultimately expose a device’s data. Google Project Zero security… Source link

Damian Lillard has a projection of 43.7 points ahead of Thursday night. Building the best DFS lineups for Cash and GPP contests is all about identifying the best ways to utilize your available budget by comparing projections to prices. Luckily, FantasyPros offers a complete suite of DFS tools, including DFS Cheat Sheets, a DFS Lineup Optimizer and more. Below is today’s Yahoo DFS Optimal Lineup using the FantasyPros DFS Lineup Optimizer tool. This is the current lineup of the day. For… Source link

FTX on Thursday said it will open a Tron credit facility to allow holders of TRX, BTT, JST, SUN, and HT to remove their assets from the platform. “As part of this agreement, we will be disabling Tron deposits for all users during this period. The only deposits will be the pre-announced deposits conducted weekly by the Tron Team. Initially, $13,000,000 of assets will be deployed to facilitate such swaps,” the exchange said. The development comes after founder of the Tron cryptocurrency network,… Source link

At the start of the year, new and used car prices were soaring. Nobody had ever heard of a 40% inflation rate for used cars, yet an acute shortage of semiconductors threw the car market into disarray. With chip shortages severely depressing new-car production, consumers with plenty of cash shopped used instead. So prices skyrocketed. With the chip shortage easing, car prices are falling back to earth. The year-over-year change in new cars peaked at 13.2% in April and has now dropped to 8.4%,… Source link

An Android statue is displayed in front of a building on the Google campus on January 31, 2022 in Mountain View, California. Google parent company Alphabet will report fourth quarter earnings on Tuesday after the closing bell. Justin Sullivan | Getty Images The Google Play app store will allow Spotify and Bumble to bill U.S. users for subscriptions directly inside their Android apps, Google announced on Thursday. Typically, Google Play and Apple’s App Store for iPhones take between 15% and 30%… Source link

Twitter power user and AMC (AMC) CEO Adam Aron is hoping for the best for the social media platform under the ownership of billionaire Elon Musk. “I hope that Elon Musk runs it responsibly,” Aron said on Yahoo Finance Live (video above). “He paid a lot of money for it. It would be foolish of him to destroy it. He is a smart man, and so hopefully he will do good things with Twitter.” Aron is viewed by some as a pioneer in Corporate America when it comes to using Twitter as a tool to communicate… Source link