The War On Internet Phone Calls
Today Microsoft shut down Skype, a company that helped revolutionize phone calls online. To commemorate the death of Skype, we’re running a recent “Pessimist’s Archive” article on the history ...
ThredUP Surges as CEO Sees Tariffs Tilting Shoppers to Resale
Online resale marketplace ThredUP delivered better-than-expected first-quarter earnings Monday (May 5), reinforcing shoppers’ growing taste for secondhand clothing. And in a theme not sounded very o...
Rite Aid Files for Bankruptcy, Job Cuts Expected
Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a previous restructuring effort.
This bankruptcy filing would be t...
Microsoft’s AI Push Notches Early Profits
Microsoft’s strategy to install artificial intelligence (AI) as a default feature on its software may be paying off.
The company is seeing a 10% rise in revenue from consumer subscriptions to Offic...
eToro Aims to Raise $500 Million After Unpausing IPO Plans
Retail trading platform eToro is seeking to raise $500 million as it prepares to go public.
The company announced Monday (May 5) that it had begun the roadshow for its initial public offering (IPO...
SEC Litigation Targeting Dragonchain Tossed, With Prejudice
The Securities and Exchange Commission (SEC) has thrown out another lawsuit targeting a digital asset firm. According to a release, Dragonchain and founder John Joseph Roets are now off the hook from...
CFTC Puts Staff on Leave. Investigation is Ongoing
The Commodity Futures Trading Commission (CFTC) has announced that it has put staff on leave pending an investigation into unnamed transgressions. Last month, the Acting CFTC Chairman, Caroline Pha...
