Business
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Taylor Swift presale disaster sparks investigations into Ticketmaster over possible antitrust violations
Taylor Swift presale disaster sparks investigations into Ticketmaster over possible antitrust violations
Ticketmaster and Live Nation are being investigated by Tennessee Attorney General Jonathan Skrmetti after the chaotic and disastrous presale event for Taylor Swift’s Eras tour, which saw “historically unprecedented demand.” Amidst the overwhelming rush to secure tickets, customers were furious at the website crash, incredibly long waits in line despite receiving a special presale code, and delays in customer service…
Brian Chesky rents out his house on Airbnb
Brian Chesky rents out his house on Airbnb
Billionaire Airbnb founder Brian Chesky lists a bedroom in his San Francisco home on his online homestay rental platform to prove to users that hosting isn’t risky or difficult. Located in the Castro neighborhood of San Francisco, this Airbnb listed “corner bedroom full of light” features north and west-facing windows, an armchair, a desk, two closets and a queen-size bed…
China’s players will lose World of Warcraft as Blizzard shuts down most services there
China’s players will lose World of Warcraft as Blizzard shuts down most services there
American game developer Blizzard Entertainment said Thursday it would shut down most of its game services in mainland China after the current licensing deals with Chinese game company NetEase expired, sending NetEase shares plummeting. Blizzard, which partnered with NetEase in 2008 to offer popular games like World of Warcraft, Overwatch and Diablo in mainland China, said in a statement that…
Starbucks workers plan strikes at more than 100 stores
Starbucks workers plan strikes at more than 100 stores
Starbucks workers at more than 100 US stores say they will go on strike Thursday in what would be the largest industrial action since a campaign to unionize the company’s stores began late last year. The strikes are said to coincide with Starbucks’ annual Red Cup Day, when the company is giving free reusable cups to customers who order a…
US policymakers have one last chance to avoid a recession: to find the 1.5 million women who have disappeared from our workforce
US policymakers have one last chance to avoid a recession: to find the 1.5 million women who have disappeared from our workforce
Want to make a soft landing? Try to stick to a gender equity agenda. By closing the gender equality gap in the US job market, we can achieve the coveted soft landing that political leaders are striving for. And in doing so, we can reap the $1.789 trillion of equity in the labor market. Something fascinating happens when we look…
11 of America’s largest red meat producers have joined forces to squeeze wages, workers say in the lawsuit
11 of America’s largest red meat producers have joined forces to squeeze wages, workers say in the lawsuit
Three meat plant workers have filed a federal lawsuit alleging 11 of the largest beef and pork producers in the United States of conspiring to drive down wages and benefits. The lawsuit, filed Friday in federal court in Denver, seeks class-action status and alleges producers have been working together since at least 2014 to keep workers’ compensation lower than the…
How to raise $2 billion from a sloppy Excel spreadsheet
How to raise $2 billion from a sloppy Excel spreadsheet
Just when you thought the story of crypto exchange FTX’s demise couldn’t get any worse, there are more harrowing details and it involves every CFO’s worst nightmare: messy Excel spreadsheets. Sam Bankman-Fried, the CEO of FTX (which was spun off from Alameda Research in 2019), who resigned last week when the exchange filed for bankruptcy, says he had “poor internal…
Elon Musk’s hasty firings show “he’s not really in control of what’s important,” and the threat of bankruptcy is credible, says the former Twitter chairman
Elon Musk’s hasty firings show “he’s not really in control of what’s important,” and the threat of bankruptcy is credible, says the former Twitter chairman
Elon Musk will make room for rivals from Twitter Inc. if he breaks with the influential social media company’s “ethos,” former chairman Patrick Pichette has said. Pichette, who led the board in 2020 and 2021 and remained a director until the sale to Musk was completed in October, told French-language broadcaster Radio-Canada it was “too early to say” whether the…
Chinese spy sentenced to 20 years for attempting to steal trade secrets from US planes
Chinese spy sentenced to 20 years for attempting to steal trade secrets from US planes
A federal judge on Thursday imposed a 20-year sentence on a Chinese national convicted of attempted theft of trade secrets from several U.S. aerospace companies, including stealing proprietary aircraft engine fan technology. Judge Timothy Black in Cincinnati dismissed the arguments of Yanjun Xu’s attorneys that a long sentence was too harsh and that the nearly five years Xu had served…
Ancestry CEO advises executives not to be “reactionary” in the downturn
Ancestry CEO advises executives not to be “reactionary” in the downturn
Deb Liu, former CEO of Meta and current CEO of Ancestry.com, spoke onstage about the bleak economic climate assets Most Powerful Women Next Gen conference on Tuesday. Liu joined Ancestry, the world’s largest for-profit genealogy company, as the new CEO in 2021, just three months after investment management firm Blackstone bought the company and took it private for $4.7 billion.…