Category Archives: Business

Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.

Reports show Temu is growing faster than even its owners expected, but it’s still losing money and straining its logistics as it tries to compete with Shein, TikTok, and Amazon.

The US government is reportedly willing to suspend criminal charges against crypto exchange Binance, provided it steps into line—and pays $4 billion.

In trying to limit the impact of short-term rentals like Airbnbs, New Orleans used an elaborate lottery system to pit neighbors against each other. A lawsuit from angry hosts has put it in limbo.

New York City is lagging in the electric vehicle transition, and officials want to speed it up. What could go wrong? Well, the court’s involved now.

From Israel vs. Hamas threats to Donald Trump’s “wild” posts, Del Harvey helped make the platform’s hardest content moderation calls for 13 years. Then she left in 2021 … and disappeared.

Last week Sam Altman was sensationally fired from OpenAI, tipping the AI company into chaos. It remains unclear what made the board decide to act.

Nearly all of OpenAI’s 770 employees have now joined a letter threatening to quit in protest over the board’s decision to fire CEO Sam Altman. They’re demanding he be reinstated.

EV production often relies on coal power and harmful labor practices. Climate activists in Squid Games costumes disrupted the LA Auto Show this weekend to demand urgent change.

Emmett Shear is taking over from Sam Altman as interim CEO of OpenAI. Sources have given a mixed review of his suitability for the role.