Category: finance
Hitting the Books: Raytheon, Yahoo Finance and the world’s first ‘cybersmear’ lawsuit
A company's public image is arguably even more important to its bottom line than the product they produce and very much not something to be trifled with. Would Disney be the entertainment behemoth it is today if not for its family-friendly facade, would Google have garnered so much goodwill if…
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Hitting the Books: Raytheon, Yahoo Finance and the rise of the ‘cybersmear’ lawsuit
A company's public image is arguably even more important to its bottom line than the product they produce and very much not something to be trifled with. Would Disney be the entertainment behemoth it is today if not for its family-friendly facade, would Google have garnered so much goodwill if…
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Mark Zuckerberg’s bet on the metaverse is off to an expensive start
Mark Zuckerberg’s metaverse pivot is off to slow start. The company now known as Meta lost just over $10 billion on its Reality Labs division in 2021, according to its fourth-quarter earnings report. “This fully realized vision is still a ways off,” Zuckerberg said of Meta’s metaverse investments. “And although…
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GameStop jumps after report on NFT trading hub, crypto pact
A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake Shares of GameStop Corp (GME.N) rose on Friday after the video game retailer announced plans to expand its non-fungible token (NFT) market and partner with crypto companies. The company’s shares soared last year as…
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Facebook is rebranding itself as ‘Meta’
Facebook, the social network, will no longer define the future of Facebook, the company that will now be known as Meta. Facebook Inc. is changing the name in order to distinguish its beleaguered social network, which has an increasingly poor reputation around the globe, from the company that is pinning…
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Hitting the Books: How Bitcoin is somehow worth more than the paper it’s printed on
Bitcoin and similar blockchain-based cryptos exhibit the same radical divergence from traditional scarcity economics that we first saw when MP3s and Napster cratered physical album sales at the turn of the century. Unlike gold, which derives its value from both its myriad uses in fashion and industry as well as…
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