When you were a child, you stood at the base of the Empire State Building and looked up to the top. How did it feel to read Amazon’s Q4 report yesterday? Among the huge number of people… There are now more than 1.6 million people working for Amazon around the world, up from just over … Read more
Selena Gomez is a great pivoter, but not everyone can do it as well. Meta is having a lot of problems in the real world as it moves to focus on digital worlds. Shares of the company that used to be called Facebook fell more than 22% after it said that revenue for the current … Read more
NFL and each of its 32 teams are being sued by former head coach Brian Flores, who claims that they discriminated against Black coaches when hiring them. New York Giants, Denver Broncos, and the Dolphins, which recently fired Flores after two straight winning seasons, are named in the lawsuit, which is being filed as a … Read more
A lot of big game companies tried to get the best console money can’t buy because there aren’t enough of them to go around. The most recent news: Sony plans to buy Bungie, the company that made Halo and Destiny, for $3.6 billion. Besides the fact that Bungie is known for making high-quality games, the … Read more
But not on Spotify, I’m sorry to say. Spotify took a number of steps yesterday to try to calm the growing storm after Young and other artists took their music off the site because Spotify was spreading false information about Covid-19. It’s adding a label to any podcast episode that talks about Covid-19 and giving … Read more
Whether we didn’t ask our crush out or had too much to drink at a wedding, we’ve all felt bad about something. The Power of Regret by Daniel Pink says that’s a good thing. Regret can help us become better people by revealing the things we want most in life, and that can help us … Read more
At 6:39am on Friday, the heavily used Fern Hollow Bridge in Pittsburgh’s East End collapsed with five cars and a bus on it. Ten people were hurt. When President Biden arrived in Pittsburgh hours after the splinter, he was going to be there to talk about the $1.2 trillion infrastructure package that he recently signed … Read more
It looks like the glory days of meme stocks are over. Same goes for the trading app that propelled them to fame. When Robinhood reported a bigger loss than expected and said that it expected to make less money in the first quarter than it did last year, the stock fell about 12% after-hours Thursday. … Read more
The Federal Reserve plans to raise interest rates in the spring, when we won’t have to worry about bombogenesis or dry skin. The central bank said yesterday that it will do this. If inflation is above 2% and the job market is healthy, the Fed thinks it will soon be time to raise its target … Read more
One year ago, the shares of a struggling video game store called GameStop rose by 90%, and then another 60% in the afternoon. One week later, the start of “meme stock mania,” when people bought stocks that had been written off or shorted by professionals. There were a lot of people who thought that the … Read more
