Spotify Axes 17% Of Workforce In Third Round Of Layoffs This Year
The music streaming service hopes the cuts, which amount to about 1,500 people, will help it become profitable.
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The Global Stories People Are Feeling More Than Following
Not all global stories are being followed closely. Some aren’t tracked through headlines or updates at all. Instead, they’re felt — as mood, tension, fatigue, or unease. People may not be able to name the issue precisely, but they recognize its weight in their daily lives. These are the stories that don’t require constant attention…
Morgan Stanley nears deal to pay as much as $300M to settle stock sales probe: report
Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a US investigation into its employees’ handling of big stock sales, Bloomberg News reported on Thursday. The penalty, expected to be announced in the coming days, will be divided between the Justice Department and the Securities and Exchange Commission, the report said, citing people with knowledge of…
ByteDance in Talks With Potential Buyers to Sell Game Titles
TikTok’s parent company ByteDance is further scaling back its ambitions in the gaming industry and is in talks to sell game titles to several prospective buyers. Chinese media LatePost reported Monday that ByteDance’s gaming unit Nuverse is negotiating to sell games to Tencent. A Bytedance spokesperson told The Wall Street Journal Tuesday that negotiations with…
Boeing prioritizing diversity and inclusion over flier safety, Elon Musk says after near-catastrophic Alaska Airlines mishap
Elon Musk ripped Boeing over a filing that appeared to show the aeronautical giant two years ago began using diversity, equity and inclusion goals as incentives for executive compensation after previously focusing solely on safety and quality controls. “Do you want to fly in an airplane where they prioritized DEI hiring over your safety? That…
Nine months after scandal, publishers are still sorting out a plagiarism mess
This week, Simon & Schuster finally published “The Book of Animal Secrets: Nature’s Lessons for a Long and Happy Life,” the highly anticipated book by USC’s Dr. David Agus whose release was suspended after the manuscript was found to contain numerous instances of plagiarism. The new version of the book differs subtly from the one…
Zee Entertainment Shares Fall on Reports of Sony Calling off Merger Deal
Shares of Zee Entertainment Enterprises fell sharply Tuesday after news reports that Japan’s Sony Group may call off a merger of its India operations with the former. Zee Entertainment shares fell as much as 13% and were last down 6.7% at 258.75 Indian rupees ($3.12). Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved….
