Business & Economy: 6 of 10
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101.
+14
Groupon, which has lost 99.4% of its value since its IPO, names a new CEO... based in Czech Republic
A dozen years ago, Groupon shot to fame popularizing the online group buying format, confidently rejecting a $6 billion acquisition offer from Google and instead going public with a $17.8 billion market cap. The company today says it has 14 million active users, but almost consistently for the last decade, its financial position has been in a slow decline — with stagnation in its core business model, little success in efforts to diversify, declining revenues and ongoing losses.
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102.
+14
Activision threatened, spied on workers amid union drive, U.S. agency says
Activision Blizzard Inc violated U.S. labor law by illegally surveilling employees during a walkout and threatening to shut down internal chat channels as a union sought to organize its workers, a federal labor agency said on Friday.
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103.
+18
Elon Musk's Twitter Blue is breaking European rules about unfair business practices by failing to show its full cost to consumers right away, EU agency says
Twitter Blue prices in the EU don't include taxes, which violates consumer-protection laws in the 27-country union, the agency told Insider.
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104.
+20
Tech industry dodges a financial bullet after SVB crash
What might have been the start of a catastrophic bank run after the Silicon Valley Bank failure has been stopped for now. But tech firms and start-ups that had assets at the bank could still feel a squeeze.
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105.
+20
Mexico too dangerous for spring break, Texas officials say
Texan officials say that cartel violence represents a significant threat for those entering Mexico.
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106.
+13
Robert Smith Forces Ticketmaster to Cancel Scalped Tickets, Donate Fees
God Bless Robert Smith. Although the neverending war against Ticketmaster has been going for decades, it’s only recently that the counter-movement is being taken seriously. When Pearl Jam attempted to take on the ticketing empire almost three decades ago, they were routinely dismissed by venues and lawmakers alike. Now, thanks to the ire of Taylor Swift and Beyoncé fans, it looks like congress is listening. Time will tell if anything actually changes, but it’s a good start.
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107.
+17
Self-help business book teaches leadership skills
“Now when I look back, I can finally see the dots connecting. I can see that everything stands or falls on leaders and leadership. And leadership is all about inspiring hope, because hope makes a difference, serving people and adding value."
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108.
+17
How the Silicon Valley Bank’s Crash Will Impact the Future of Finance
While the government is reassuring depositors that their funds are safe, the collapse has highlighted some fundamental flaws in our banking…
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109.
+30
Apple Pay to Launch in South Korea This Year Following Regulator Approval
After years of discussions with local authorities, Apple Pay in South Korea has been approved by the financial regulator, paving the way for the mobile payment system to launch in the first half of this year (via The Korea Herald). The FSC emphasized that credit card firms should not transfer fees arising from the use of Apple Pay to customers or shops, while calling for measures to ensure customer protection from such risks as the theft of personal information.
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110.
+16
Apple to open flagship India store in Mumbai in April; second store to come up in Delhi
Apple is set to open its flagship store in Mumbai next month, followed by the second store in New Delhi in April-June. The stores will be similar to those in other countries, with a focus on luxury products. India has consistently been one of the best-performing markets for Apple for more than six years now. In the quarter ended December, the company achieved record overall sales in the country.
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111.
+26
This Startup Is Making Ultra-Strong Building Panels Out of Grass
Construction is a major carbon emitter. The manufacture of cement alone accounts for eight percent of the world’s emissions. But humanity certainly isn’t about to stop building things—in fact, fixing the housing shortage should be near the top of our list of problems to solve. So we need to find more sustainable ways to build, and if they can be cheaper to boot, even better.
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112.
+22
Publishers Lobbied To ‘Axe The Reading Tax’ On Ebooks, Then Paid It To Themselves
One of the (many) villains in “Walled Culture” the book (free ebook versions) is the publishing industry, specifically in the context of the transition from analogue books to ebooks. Wh…
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113.
+15
A foldable iPhone may be able to shut itself to protect the screen if it's dropped, Apple patent application shows
The patent application for a "self-retracting display device," dated March 16, suggests Apple is still thinking a foldable smartphone.
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114.
+18
Etsy warns sellers of payments delays due to Silicon Valley Bank collapse
Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News. The online do-it-yourself goods mega shop said it used SVB to facilitate disbursement to some sellers, and that it was working with other payment partners to issue deposits.
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115.
+17
America's immigration system is a nightmare, and it's forcing tech companies to move jobs outside of the country
As issues with labor shortages continue, remote work makes it easier for US tech firms to hire anywhere. These companies are relocating more jobs overseas to avoid American's broken immigration system.
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116.
+17
Meta to lay off 10,000 more workers after initial cuts in November
will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.”
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117.
+21
Europe's plan to rein in Big Tech will require Apple to open up iMessage
European regulators on Thursday revealed their plan to rein in the anti-competitive practices of Big Tech and fundamentally remake how some of the world's most powerful companies do business. The rules, which target tech giants like Apple, Amazon, Meta and Google, are far-reaching and would have huge ramification for those companies' software and services.
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118.
+21
Lifelong bestfriends set to be first recreational cannabis business owners in Trenton
Mayor Reed Gusciora joined John Dockery and Tahir Johnson outside of Simply Pure Downtown, Tuesday morning to celebrate the business being awarded a Class 5 Cannabis Dispensary license. According to NJ.gov, this license allows Dockery to purchase recreational cannabis from licensed cultivators, manufacturers, or wholesalers and sell those items to consumers in a retail store.
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119.
+21
Dystopian games: how contemporary stories critique capitalism through deadly competition
If our nightmares change, what does that tell us about our waking lives? Dystopian stories, from novels and films to games, have often been considered a pessimistic reflection on the direction society is going in.
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120.
+29
Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge
Activist short selling is certainly controversial. But it’s not necessarily illegal nor unethical.