CNN, NATIONALSANTA.COM, OLD NAVY, THEREALBLACKSANTA.COM, FACEBOOK By Samantha Murphy Kelly, CNN Business “We’re about to be joined by a very important customer,” said Christian Braun, CEO of collectible e-commerce company hobbyDB, during a recent Zoom meeting with his marketing team. “Over to you, Nick.” That’s St. Nick, actually. A jolly ho-ho-ho-ing Santa entered the virtual
Continue ReadingBy Sara Ashley O’Brien, CNN Business After three months of testimony from 32 witnesses, the criminal fraud case of Theranos founder Elizabeth Holmes has made its way to the jury of eight men and four women who will decide her fate. In dueling closing arguments spanning two court days, the prosecution and defense put forth
Continue ReadingBy Samantha Murphy Kelly, CNN Business “We’re about to be joined by a very important customer,” said Christian Braun, CEO of collectible e-commerce company hobbyDB, during a recent Zoom meeting with his marketing team. “Over to you, Nick.” That’s St. Nick, actually. A jolly ho-ho-ho-ing Santa entered the virtual room ringing a bell and turning
Continue ReadingCNN, CNNBUSINESS By Rishi Iyengar, CNN Business Apple will delay bringing its workers back to the office until a “yet to be determined” date, while giving all of its corporate and retail employees $1,000 to buy equipment for their home offices. The development was shared with Apple employees in an email from CEO Tim Cook
Continue ReadingBy Jennifer Korn Ultimate Kronos Group, one of the largest human resources companies, disclosed a crippling ransomware attack on Monday, impacting payroll systems for a number of workers. After noticing “unusual activity” on Saturday, Kronos noted that its systems were down and could remain that way for several weeks. Kronos has a long list of
Continue ReadingBy Michelle Toh and Brian Fung, CNN Business The United States has added drone maker DJI and seven other Chinese companies to an investment blacklist, raising even more pressure on businesses in the world’s second largest economy. The US Treasury Department announced Thursday that it has placed investment restrictions on the firms due to their
Continue ReadingBy Sara Ashley O’Brien, CNN Business The government made its final case on Thursday that Elizabeth Holmes knowingly misled investors, doctors and patients about her startup’s blood testing capabilities in order to take their money. In its closing arguments, the prosecution attempted to undercut parts of Holmes’ defense by painting the Theranos founder as an
Continue ReadingBy Walé Azeez, CNN Business Black tech entrepreneurs in the United Kingdom say they have to rely on foreign investors to get their businesses off the ground. More than a year after the Black Lives Matter protests prompted the UK government to investigate discrimination against Black business owners, British venture capital firms continue to neglect
Continue ReadingBy Rishi Iyengar, CNN Business Apple will delay bringing its workers back to the office until a “yet to be determined” date, while giving all of its corporate and retail employees $1,000 to buy equipment for their home offices. The development was shared with Apple employees in an email from CEO Tim Cook on Wednesday,
Continue ReadingBy Clare Duffy, CNN Business Meta, the company formerly known as Facebook, is asking for help in avoiding having personal data about its users scraped from its platforms and posted to the web. The social media giant announced Wednesday that it is expanding its bug bounty program — which offers rewards for helping identify and
Continue ReadingBy Jennifer Korn A critical flaw in widely used software has cybersecurity experts raising alarms and big companies racing to fix the issue. The vulnerability, which was reported late last week, is in Java-based software known as “Log4j” that large organizations use to configure their applications — and it poses potential risks for much of
Continue ReadingCNN By Jennifer Korn A critical flaw in widely used software has cybersecurity experts raising alarms and big companies racing to fix the issue. The vulnerability, which was reported late last week, is in Java-based software known as “Log4j” that large organizations use to configure their applications — and it poses potential risks for much
Continue ReadingBy Clare Duffy, CNN Business The US Department of Labor has launched a whistleblower investigation into Apple, in the latest sign of tensions between the famously secretive company and its current and former employees spilling over into public view. “We can confirm that there is an open whistleblower investigation at Apple,” a Department of Labor
Continue ReadingBy Rishi Iyengar, CNN Business Apple will once again require anyone inside its US retail stores to wear a mask as concerns mount over rising Covid-19 cases and the spread of the Omicron variant. “Amid rising cases in many communities, we now require that all customers join our team members in wearing masks while visiting
Continue ReadingBy Sara Ashley O’Brien, CNN Business A group of employees at the controversial real-time crime alert startup, Citizen, voted in favor of forming a union. The Communications Workers of America confirmed that “a strong majority” of roughly 70 eligible workers voted to join its union in a National Labor Relations Board election, according to its
Continue ReadingBy Brian Fung, CNN Individual users, not tech platforms, shoulder the responsibility for the spread of misinformation online, according to Andrew Bosworth, a top exec at Meta, the company formerly known as Facebook. In an interview over the weekend with Axios on HBO, Bosworth said it is not up to Meta to stifle the views
Continue ReadingBy Akanksha Sharma, CNN Business Narendra Modi‘s Twitter handle was “very briefly compromised,” his office said, when a tweet was sent from the Indian Prime Minister’s account saying his country had adopted Bitcoin and would be distributing the cryptocurrency. “The matter was escalated to Twitter and the account has been immediately secured,” the Indian PM’s
Continue ReadingCNN, CNNBUSINESS By Jennifer Korn Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back. Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to
Continue ReadingBy Jennifer Korn Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back. Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to one analysis,
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, became the subject of a federal review this fall after a group of 21 current and former employees co-signed an essay that raised serious questions about the safety of the company’s rockets — including the rocket making headlines for flying Bezos and other celebrities
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