The European Commission recently announced that it has launched a formal investigation into AliExpress, an international e-commerce platform owned by Alibaba, the Chinese tech giant. This investigation comes as a result of concerns over the dissemination of illegal content on the website. The investigation is being conducted under the Digital Services Act, a new legislation
Enterprise
MicroStrategy, under the leadership of CEO Michael Saylor, has been making headlines with its significant Bitcoin purchases. Saylor recently announced on social media the acquisition of 12,000 more bitcoins for $822 million. This move brought MicroStrategy’s total holdings to 205,000 bitcoins, valued at over $15 billion. While this has resulted in a surge in MicroStrategy’s
Alex Karp, the CEO of Palantir, has made public statements supporting Israel that have resulted in some employees exiting the company. Karp acknowledged that this is a consequence of taking a controversial stance and expressed that he expects more employees to leave in the future. This raises questions about the impact of CEO activism on
In a recent interview with CNBC, Palantir CEO Alex Karp expressed his strong feelings towards short sellers, investors who profit from betting on the decline of a company’s stock price. Karp’s disdain for short sellers was evident as he stated, “I love burning the short sellers.” His animosity towards them was further highlighted when he
Neil Young announced on Wednesday that he will be returning his music to Spotify, marking the end of a two-year stand-off with the music streaming platform. This decision comes after a dispute over vaccine misinformation that led Young and other artists to remove their catalogs from Spotify back in January 2022. The controversy stemmed from
The tensions between the United States and China continue to escalate, with more curbs being imposed to contain competition from Chinese companies. Steven Okun, founder and CEO of consultancy APAC Advisors, stated that “the decoupling is really in full force.” The key question that remains is the extent and breadth of these restrictions. Okun emphasized
Reddit, a popular social media platform, is gearing up for its IPO with the aim of raising up to $748 million. The company is seeking a valuation of approximately $6.5 billion and plans to sell around 22 million shares at a price ranging from $31 to $34 per share. Additionally, Reddit has reserved about 1.76
The traditional way of planning purchases for special occasions like Super Bowl parties or Valentine’s Day celebrations often involves scouring multiple online sources or relying on a search engine like Google. However, retail giant Walmart is on a mission to change this narrative by introducing generative AI as a game-changer in the world of online
As we reflect on the 30-year history of the Sony PlayStation, it is impossible to ignore the significant impact it has had on the video game industry. Back in 1994, when Sony Interactive Entertainment president and CEO Jim Ryan first embarked on his journey with the company, there was considerable uncertainty surrounding the launch of
UnitedHealth Group has announced that it anticipates restoring Change Healthcare’s systems by mid-March following a ransomware attack that disrupted vital operations in the U.S. healthcare system. The cyber threat actor breached part of Change Healthcare’s information technology network on February 21, prompting UnitedHealth to isolate and disconnect the impacted systems upon detection. This action temporarily