Jonathan Wong
The Latest
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eBay Announces 1,000 Job Cuts Amid Tech Industry Downturn
eBay, the renowned online marketplace, has joined the ranks of tech companies implementing significant workforce reductions, announcing the layoff of 1,000 employees, approximately 9% of its total staff. This move comes amid a broader trend of tech sector retrenchment, as companies like Google, Amazon, and TikTok have also recently announced layoffs. 
eBay, the renowned online marketplace, has joined the ranks of tech companies implementing significant workforce reductions, announcing the layoff of 1,000 employees, approximately 9% of its total staff. This move comes amid a broader trend of tech sector retrenchment, as companies like Google, Amazon, and TikTok have also recently announced layoffs. -
Netflix Hits New High with Record Subscriber Growth
Netflix Inc., the leading streaming service, has surpassed Wall Street's expectations with a remarkable increase in its subscriber base, adding 13.1 million subscribers in the fourth quarter. This surge, significantly higher than the anticipated 8 to 9 million, has brought its total paid membership to a record 260.8 million. 
Netflix Inc., the leading streaming service, has surpassed Wall Street's expectations with a remarkable increase in its subscriber base, adding 13.1 million subscribers in the fourth quarter. This surge, significantly higher than the anticipated 8 to 9 million, has brought its total paid membership to a record 260.8 million. -
Amazon's French Unit Fined $35 Million for Invasive Employee Monitoring
France's data protection watchdog, the CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a significant fine of 32 million euros (approximately $34.7 million) on Amazon France Logistique, the manager of Amazon's large warehouses in France. The fine is a response to what the CNIL deems "excessively intrusive" surveillance practices on employees. 
France's data protection watchdog, the CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a significant fine of 32 million euros (approximately $34.7 million) on Amazon France Logistique, the manager of Amazon's large warehouses in France. The fine is a response to what the CNIL deems "excessively intrusive" surveillance practices on employees. -
United Airlines Reassesses Boeing 737 Max 10 Plans Amid Quality Concerns
United Airlines, one of Boeing's largest customers, is reconsidering its fleet expansion plans involving the Boeing 737 Max 10, as expressed by CEO Scott Kirby. 
United Airlines, one of Boeing's largest customers, is reconsidering its fleet expansion plans involving the Boeing 737 Max 10, as expressed by CEO Scott Kirby. -
J&J Agrees to $700 Million Settlement Over Talc Safety Investigations
Johnson & Johnson, the pharmaceutical and consumer goods giant, has tentatively agreed to pay approximately $700 million to resolve investigations by 42 U.S. states and Washington, D.C. The probes in question centered on allegations that the company misled consumers regarding the safety of its talc-based products. 
Johnson & Johnson, the pharmaceutical and consumer goods giant, has tentatively agreed to pay approximately $700 million to resolve investigations by 42 U.S. states and Washington, D.C. The probes in question centered on allegations that the company misled consumers regarding the safety of its talc-based products. -
Boeing 737 Models Under Increased FAA Scrutiny After Mid-Air Safety Concerns
The U.S. Federal Aviation Administration (FAA) has issued a directive for airlines operating Boeing 737-900ER jets to inspect door plugs, ensuring they are properly secured. 
The U.S. Federal Aviation Administration (FAA) has issued a directive for airlines operating Boeing 737-900ER jets to inspect door plugs, ensuring they are properly secured. -
Coinbase Likely to Win Legal Battle Against SEC, Analyst Predicts
In a significant development in the legal skirmish between Coinbase and the U.S. Securities and Exchange Commission (SEC), a Bloomberg Intelligence senior litigation analyst, Elliott Z. Stein, has predicted a 70% likelihood of the cryptocurrency exchange achieving a complete dismissal of the lawsuit. 
In a significant development in the legal skirmish between Coinbase and the U.S. Securities and Exchange Commission (SEC), a Bloomberg Intelligence senior litigation analyst, Elliott Z. Stein, has predicted a 70% likelihood of the cryptocurrency exchange achieving a complete dismissal of the lawsuit. -
Macy's Turns Down Arkhouse's $5.8 Billion Acquisition Offer Over Financing Concerns
Macy's Inc. (M.N) has decisively turned down a $5.8 billion acquisition proposal from Arkhouse Management and Brigade Capital Management, raising critical concerns about the offer's financial viability and overall valuation. 
Macy's Inc. (M.N) has decisively turned down a $5.8 billion acquisition proposal from Arkhouse Management and Brigade Capital Management, raising critical concerns about the offer's financial viability and overall valuation. -
Wayfair Cuts 13% of Staff Following CEO's Call for Harder Work
Wayfair, a leading e-commerce home goods retailer, is set to reduce its global workforce by approximately 13%, affecting around 1,650 employees. This move is part of the company's broader strategy to navigate through an economically challenging period, as it seeks to save more than $280 million annually. 
Wayfair, a leading e-commerce home goods retailer, is set to reduce its global workforce by approximately 13%, affecting around 1,650 employees. This move is part of the company's broader strategy to navigate through an economically challenging period, as it seeks to save more than $280 million annually. -
Macy's Announces Major Layoffs and Store Closures in Strategic Overhaul
Macy's, one of America's iconic department store chains, has announced sweeping changes that will see the layoff of approximately 13% of its corporate staff, translating to roughly 2,350 positions. Macy's, one of America's iconic department store chains, has announced sweeping changes that will see the layoff of approximately 13% of its corporate staff, translating to roughly 2,350 positions.
