Bulletins

Invite Media shed assets to avoid FTC scrutiny during its takeover by Google.

The company made sure it "didn't have enough money on the books to trigger the FTC stuff," said Michael Provenzano, one of Invite's co-founders, in an interview with Bloomberg.

Latest Bulletins

U.S. Commerce Secretary Gina Raimondo urged the House of Representatives to immediately pass a bill that includes roughly $52 billion of incentives for the semiconductor industry at a Monday roundtable discussion outside Detroit.

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The FTC said Monday it had sent information demands to Amazon as the agency delves into supply chain disruptions.

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The National Labor Relations Board has ordered Amazon to allow workers in the Bessemer, Alabama facility to participate in a second election to decide whether to unionize, after union organizers challenged a sweeping Amazon victory in the first vote earlier this year.

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Jack Dorsey has stepped down as CEO of Twitter and has been replaced with Parag Agrawal, Twitter's current chief technology officer, according to an announcement from the company Monday morning.

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Elizabeth Holmes intentionally hid the use of third-party testing devices from Walgreens, its biggest partner, in order to protect "trade secrets," the former Theranos CEO testified in her third day on the stand for her ongoing fraud trial in San Jose.

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Theranos CEO Elizabeth Holmes took the stand in a San Jose courtroom on Friday, beginning her testimony in the criminal fraud case against her.

So far, Holmes' attorneys have stuck to a few themes of her defense, including highlighting Holmes' inexperience as a college dropout and pointing the finger at Sunny Balwani, Theranos' former COO and president. She began her testimony by covering her background and how she came up with the idea of Theranos during college.

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Google is asking the Justice Department to look into whether Jonathan Kanter, the new head of the antitrust division, should work on the lawsuit against the company.

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General Motors is getting into the chip business.

After months of chip shortages have crippled the world's largest automakers' production, costing the industry hundreds of billions of dollars in lost revenue, GM said that it is partnering with seven chip makers to design the silicon necessary to reduce the number needed and improve their quality.

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Citadel CEO Ken Griffin said that he outbid the ConstitutionDAO group of cryptocurrency enthusiasts for a first-edition printing of the Constitution at a Sotheby's auction Thursday, killing the hopes of the ragtag bunch of online donors who had hoped to make a bold statement about the future of the internet.

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Banks need to tell federal officials of large cybersecurity issues such as ransomware attacks within 36 hours under a new requirement approved Thursday.

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The Chamber of Commerce, the most powerful business lobbying group in the U.S., launched a series of attacks on the Federal Trade Commission on Friday and threatened litigation to push back on the progressive agenda of chair Lina Khan.

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Facebook is giving users more control over what they see in News Feed, the company announced Thursday. Over the coming weeks, the company will being allowing some users to tweak their preferences in News Feed to change the amount of content they see from different accounts, pages and groups, as well as the topics that appear in their News Feeds.

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The ConstitutionDAO raised more than $40 million to win a copy of the U.S. Constitution, but ultimately it wasn't enough. The online group, which organized itself using blockchain technology, lost an auction at Sotheby's that ultimately ended with a winning bid of $43.2 million.

"While this wasn't the outcome we hoped for," said Julian Weisser, one of the group's leaders, "we still made history tonight with ConstitutionDAO. This is the largest crowdfund for a physical object that we are aware of — crypto or fiat."

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A federal judge on Wednesday dismissed a lawsuit against Robinhood that had accused the company of colluding with Citadel Securities to limit trading of GameStop and other meme stocks in January.

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A bipartisan coalition of state attorneys general today launched an investigation into Meta. The coalition seeks to determine whether Meta (formerly Facebook) promoted Instagram to children despite knowing the associated mental and physical health risks.

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OpenAI has removed the waitlist for GPT-3, its AI programming interface that can produce text such as emails, articles and code, it announced Thursday.

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Xbox chief Phil Spencer said Microsoft is in the process of reevaluating its relationship with major game publisher Activision Blizzard. His comments come in the wake of a Wall Street Journal report regarding CEO Bobby Kotick's prior knowledge of sexual assault and workplace discrimination, according to a leaked email sent to Microsoft staff and obtained by Bloomberg.

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In an effort to address its customers' requests quickly, Amazon reportedly put millions of them at risk. The company has allowed its workforce to abuse its access to large quantities of customer data, and has missed large outside security risks, a Wired investigation found.

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Ford struck a deal with recently public contract chip manufacturer GlobalFoundries to secure enough semiconductors for its auto production amid a shortage, it announced Thursday.

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Apple won't call its employees back to the office until Feb. 1, according to news reports.

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German neobank N26 plans to shut down its U.S. operations, it announced Thursday. The service won't be available to U.S. customers after Jan. 11, 2022.

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On Thursday, China officially launched the new national bureau to supervise anti-monopoly work.

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Before the coronavirus pandemic, nearly one quarter of all Americans said that they find meaning and purpose in their lives because of their work and their jobs. Now, that number has declined by more 9% in a new Pew research study, affirming anecdotal stories about the American population's increasing disinterest in participating in the labor market.

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Midweek is the most popular time for tech workers to go to the office. But that's not the case everywhere.

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PFM Health Sciences partner Brian Grossman invested in Theranos despite red flags raised during diligence, according to evidence presented Wednesday in the ongoing fraud trial of former CEO Elizabeth Holmes.

During the process of vetting the blood-testing company, a colleague asked a contact at Blue Cross Blue Shield of Illinois about Theranos, only to be told its tech didn't work. "They said they evaluated service and came to the conclusion that it does not work. They have no contract with Theranos and they did extensive diligence on the machine and came to this conclusion," a PFM team member said in an email to Grossman.

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