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Category Archives: Tech
Light & Wonder plans to crush debt with $1 billion unsecured notes
Light & Wonder, Inc. has a new plan to repay its outstanding debt by offering $1 billion in “aggregate principal amount of senior unsecured notes.” These will be due in 2033, as a private offering. This comes as the firm became … Continue reading
Third Circuit judges appear skeptical of New Jersey in Kalshi case
The Third Circuit Court of Appeals heard arguments this week in Kalshi v New Jersey, a closely watched case testing where state authority over gambling stops and where the Commodity Futures Trading Commission’s authority over swaps begins. From the start, … Continue reading
NCAA boots gambling students after they won over $16K betting on themselves
The National Collegiate Athletic Association (NCAA) has released a statement after it uncovered three student-athletes were involved in gambling on their own games. Named and shamed by the organization, Mykell Robinson, Steven Vasquez, and Jalen Weaver have since been released … Continue reading
Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion
Gemini Space Station, the operator of the cryptocurrency exchange founded by the Winklevoss brothers, has seen strong demand for its offering.
PayPal vs Venmo for Business
PayPal Business is built for scale and security; Venmo for Business is better for quick, local sales. Learn more in this guide.
OpenAI says nonprofit parent will own equity stake in company of over $100 billion
OpenAI said that its nonprofit parent will continue to oversee the company and have a very large stake in its future.
‘We will do better.’ Microsoft CEO Nadella admits company has to rebuild trust with employees
Microsoft CEO Satya Nadella told employees on Thursday that the company has work to do to smooth relations with employees after layoffs.
The music industry is broken. OpenWav’s new app aims to change that
OpenWav is building a direct-to-fan platform for music artists which lets them keep more of the profits.
Posted in Tech
Tagged TechCrunch
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Amazon suspends engineer who protested company’s work with Israeli government
Ahmed Shahrour, a Palestinian engineer who works for Amazon’s Whole Foods unit, was suspended this week while the company investigates his case.
Adobe’s stock gains on earnings, revenue beat
Adobe shares have dropped this year, badly underperforming the broader market.