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Amazon and other retailers hit by refund fraud costing them billions

by Sipho Sepamla
Amazon and other retailers hit by refund fraud costing them billions

A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, …

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A successful Reddit IPO would be bad news for the bull market

by Merchant Moller
A successful Reddit IPO would be bad news for the bull market

There’s nothing like a moribund IPO market to create a pleasant backdrop for a bull run. We’ve had some small biotech deals and the usual SPAC junk. But nothing big, …

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Fraudster impersonated Mansour family to peddle fake Airbnb equity

by Sipho Sepamla
Fraudster impersonated Mansour family to peddle fake Airbnb equity

The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images When prosecutors announced …

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Meta says Broadcom CEO Hock Tan is joining board of directors

by Sipho Sepamla
Meta says Broadcom CEO Hock Tan is joining board of directors

Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company’s …

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AI lobbying spikes nearly 200% as calls for regulation surge

by Sipho Sepamla
AI lobbying spikes nearly 200% as calls for regulation surge

Artificial intelligence-related lobbying reached new heights in 2023, with more than 450 organizations participating. It marks a 185% increase from the year before, when just 158 organizations did so, according …

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The future of computing and entertainment

by Sipho Sepamla
The future of computing and entertainment

Apple Vision Pro Todd Haselton | CNBC It’s night. I’m at a lake near Oregon’s Mount Hood, sitting on the beach. Jazz music is playing as I write. I’m not …

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Sheryl Sandberg says she’s leaving Meta’s board

by Sipho Sepamla
Sheryl Sandberg says she’s leaving Meta’s board

Sheryl Sandberg, chief operating officer of Facebook Inc. David Paul Morris | Bloomberg | Getty Images Former Meta operating chief Sheryl Sandberg is leaving the company’s board of directors. “With …

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Friday’s S&P 500, Nasdaq-100 rebalance may reflect concerns over concentration risk

by Merchant Moller
Friday’s S&P 500, Nasdaq-100 rebalance may reflect concerns over concentration risk

It’s arguably the biggest stock story of 2023: a small number of giant technology companies now make up a very large part of big indexes like the S&P 500 and the …

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Wonder Group food delivery startup gets $100 million Nestle investment

by Mark McDuffie
Wonder Group food delivery startup gets 0 million Nestle investment

Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up …

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Half of Current’s customers have multiple jobs

by Merchant Moller
Half of Current’s customers have multiple jobs

The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current CEO Stuart Sopp finds almost half of the firm’s payment …

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