Tag Archives: Promise

The GameStop turnaround promise is failing

The GameStop turnaround promise is failing

GameStop Chairman Ryan Cohen and CEO Matt Furlong promised to turn the gaming retailer into one of operational excellence and amazing store experiences while cashing in on new opportunities like crypto and NFTs. More than a year into their collective and rather secretive leadership, the entire experiment is beginning to look like an utter failure — underscoring longtime Wall Street concerns about the company’s business model such as too many costly physical stores in dying malls and shifts… Source link

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FTX collapse ‘doesn’t represent the promise of this technology’

FTX collapse ‘doesn’t represent the promise of this technology’

Those advocating for a more equitable financial system suffered a serious setback last week, when revelations emerged that crypto’s so-called white knight, Sam Bankman-Fried, reportedly used customer deposits in FTX (FTT-USD), the crypto exchange he founded, to fund risky bets in Alameda, a sister company he owned. The bankruptcy of one of the world’s largest crypto exchanges and ensuing allegations around its demise have sent shockwaves across the crypto industry and shaken the… Source link

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Google and Microsoft promise billions to help bolster US cybersecurity

Tech companies like Apple, Google, and Microsoft promised to help bolster US cybersecurity after a meeting with President Joe Biden at the White House on Wednesday. The pledges vary by company but range from spending billions on cyber infrastructure to offering supply-chain aid and education. Wednesday’s high-profile meeting with tech CEOs comes on the heels of major cyberattacks against US government agencies and energy infrastructure like the Colonial Pipeline. “The federal… Source link

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Twitter, TikTok, Google, and Facebook promise to boost protections for women online

At the UN Generation Equality Forum in Paris on Thursday Twitter, TikTok, Google, and Facebook committed to tackling online abuse and improving safety for women on their platforms. The pledge came following consultations with the World Wide Web Foundation (WWWF) over the past year, aimed at examining online gender-based violence and abuse. The WWWF said the consultations showed women want more control over who could reply or comment on their social media posts and more choice around what… Source link

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Analysis: Google’s Starline shows promise and perils of 3D chats

OAKLAND, Calif. (Reuters) – Google’s Project Starline 3D videoconferencing system, unveiled last week, is well-timed for a post-pandemic world but still has a long way to go in seamlessly marrying the in-person and the virtual, three people who have used the system say. FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave Alphabet’s Google and rivals, including Microsoft Corp, Apple Inc… Source link

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Google selling users’ personal data despite promise, federal court lawsuit claims

Google is making a fortune by selling users’ personal information despite the company’s pledge that it never sells the data, a lawsuit filed this week claims. “Google promises its hundreds of millions of users that it ‘will never sell any personal information to third parties’ and ‘you get to decide how your information is used.’ These promises are false,” the lawsuit claims, quoting a 2019 New York Times op-ed by Google CEO Sundar Pichai. “In fact, Google monitors its… Source link

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Google selling users’ personal data despite promise, suit claims

Google is making a fortune by selling users’ personal information despite the company’s pledge that it never sells the data, a lawsuit filed this week claims. “Google promises its hundreds of millions of users that it ‘will never sell any personal information to third parties’ and ‘you get to decide how your information is used.’ These promises are false,” the lawsuit claims, quoting a 2019 New York Times op-ed by Google CEO Sundar Pichai. “In fact, Google monitors its… Source link

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