Category: finance
Etsy is laying off 11 percent of its staff
Etsy is the latest company to lay off staff in 2023. CEO Josh Silverman confirmed the marketplace is letting go of 11 percent of its staff (around 225 employees) in its first significant staffing cut in recent years. It’s also reshuffling its leadership, including announcing two executives’ departures at the…
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The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment
OpenAI’s recent drama hasn’t only caught UK regulators’ attention. Bloomberg reported Friday that the Federal Trade Commission (FTC) is looking into Microsoft’s investment in the Sam Altman-led company and whether it violates US antitrust laws. FTC Chair Lina Khan wrote in a New York Times op-ed earlier this year that…
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The Morning After: The first trailer for GTA 6 has landed
A day earlier than teased, Rockstar has released the first official trailer of Grand Theft Auto VI, the next installment in arguably the biggest AAA game series. As indicated by a recent teaser image, GTA VI will be set in Leonida, Rockstar’s take on Florida, and largely centered on Vice…
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Apple Pay Later is available to everyone in the US
Apple’s buy now, pay later system is finally available to all customers in the US after its soft launch back in March. To pay later and begin making equal payments over the course of six weeks, you must be set up on Apple Pay with an eligible debit card. There…
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Activision Blizzard now officially belongs to Microsoft
The biggest acquisition in gaming history and one of the largest in the tech industry is in the books. Twenty months after the deal was announced, Microsoft has bought Activision Blizzard for $68.7 billion, the largest acquisition in the company’s history. CEO of Microsoft Gaming Phil Spencer has asked Activision…
Read MoreBank of Canada asks for public feedback about a national digital currency
The Bank of Canada wants the public’s opinions on a potential digital Canadian dollar. Although the country’s central bank says a national digital currency isn’t yet needed, it wants to remain flexible and ready should that ever change. “As Canada’s central bank, we want to make sure everyone can always…
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