Elon Musk escapes paying $500 million to former Twitter employees They could still amend and refile their complaint. anna washenko Updated Wed, Jul 10, 2024 Reuters / Reuters The social media platform formerly known as Twitter has been at the center of multiple legal battles from the very beginning of Elon Musk’s takeover. … Continue reading Elon Musk escapes paying $500 million to former Twitter employees
July 10, 2024 Elon Musk doesn’t owe ex-Twitter employees $500 million in severance, court rules The lawsuit alleged that Twitter paid laid-off employees less severance than they were contractually promised. BY Jessica Bursztynsky In a win for Elon Musk, a judge dismissed a lawsuit claiming that the billionaire owed former Twitter employees upwards of $500 million … Continue reading Elon Musk doesn’t owe ex-Twitter employees $500 million in severance, the court rules
Microsoft agrees to $14 million California pay discrimination settlement The company allegedly passed over employees who has taken protected leave when it came time for bonuses and promotions. sarah fielding Thu, Jul 4, 2024 Microsoft Microsoft is set to pay $14.4 million to resolve a case alleging retaliatory and discriminatory practices against California workers … Continue reading Microsoft agrees to $14 million California pay discrimination settlement
June 27, 2024 How cool-girl brand Ganni made sustainable style a $700 million business The Danish ‘It Girl‘ brand is determined to grow, but not at all costs. BY Elizabeth Segran In 2023, Nicolaj Reffstrup made a tough decision—one that would lose his company half a million dollars in annual revenue. [Photo: Ganni] As cofounder and … Continue reading How cool-girl brand Ganni made sustainable style a $700 million business
Amazon faces nearly $6 million in fines over California labor law violations The company failed to properly notify its warehouse workers about their expected quotas. anna washenko Updated Wed, Jun 19, 2024 ASSOCIATED PRESS The California Labor Commissioner’s office has fined Amazon $5,901,700 for infractions related to a law designed to protect warehouse … Continue reading Amazon faces nearly $6 million in fines over California labor law violations
May 31, 2024 Merrill Lynch settles class action racial discrimination lawsuit for $20 million The lawsuit alleges that African American advisers employed by Bank of America-owned Merrill received less compensation and promotions than their white counterparts—and were terminated at higher rates. BY Associated Press Merrill Lynch has agreed to pay nearly $20 million to settle a … Continue reading Merrill Lynch settles class action racial discrimination lawsuit for $20 million
May 23, 2024 Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake? It may be a small fraction of the company, but activist investors in Apple and ExxonMobil have accomplished a lot, with a lot less. BY Clint Rainey Update, 5/23/24: After this article was published, … Continue reading Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake?
April 29, 2024 Largest wireless carriers fined nearly $200 million for illegally sharing location data Carriers have allowed the use of location-data for programs like roadside assistance, logistics, medical emergency alert services, human trafficking alerts and fraud prevention. BY Reuters The Federal Communications Commission on Monday fined the largest U.S. wireless carriers nearly $200 million for … Continue reading Largest wireless carriers fined nearly $200 million for illegally sharing location data
April 24, 2024 Caitlin Clark, WNBA’s newest star, is expected to ink a $28 million Nike deal The eight-year contract includes a signature shoe. BY Associated Press Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 overall pick in the … Continue reading Caitlin Clark, WNBA’s newest star, is expected to ink a $28 million Nike deal
April 23, 2024 Perplexity becomes an AI unicorn with new $63 million funding round The San Francisco-based AI-native search company will use the money to add new talent and continue developing its platform. BY Mark Sullivan The buzzy AI-native search company Perplexity has joined the Unicorn club. The company has raised another $62.7 million in … Continue reading Perplexity becomes an AI unicorn with new $63 million funding round
