Following CEO Pavel Durov's detention in France over accusations of inadequate moderation, reports from BBC showed that Telegram has refused to join key child protection programs.
Firm Management
Venture Capital Firm, Atomico, Raises $1.24B to Help European Startup Companies Grow—How Will They Benefit?
Atomico has raised $1.24 billion across two new funds to support both early-stage and growth-stage startups in Europe, causing renewed confidence in the region's tech sector.
Ford and Other Top Companies Pull Back From DEI Initiatives—Here's Why It's Bad for Business
Anti-DEI activism pushes major companies like Ford and Molson Coors to scale back their diversity efforts, risking brand reputation and investor confidence.
Bluesky Warns of Tech Outage After Usage Traffic Surges in Brazil Following X Ban
Bluesky saw a surge in users in Brazil after the country banned Elon Musk's X platform, leading to performance issues due to high traffic.
Nbcuniversal’s Olympics Strategy Draws 30 Million Viewers and $1.2 Billion in Ad Revenue
NBCUniversal's overhaul of its Olympics coverage led to a record $1.2 billion ad revenue and more than 30 million viewers for the 2024 Paris Games, thanks to a revamped strategy focused on Peacock.
Latest News
Brave has laid off 27 employees, reducing its workforce by 14%, amid ongoing concerns about the financial impact of its recent AI ventures.
Eli Lilly is launching a lower-priced version of its weight loss drug Zepbound to increase access and combat counterfeit versions.
Telegram CEO Pavel Durov was arrested in France for allegedly failing to moderate criminal activity on his platform.
Nestlé has ousted Mark Schneider as CEO and replaced him with Laurent Freixe amid recent financial struggles and a drop in stock price. At the same time, analysts express optimism about the leadership change.
Brian Niccol, Starbucks' new CEO, faces criticism for his planned 1,000-mile commute from California to Seattle via corporate jet and his $1.6 million base pay with up to $7 million bonus.
A Greek oil tanker, the Sounion, was set on fire and left drifting in the Red Sea after an attack by gunfire from small boats off Yemen, raising environmental and insurance concerns.
Donald Trump's Florida golf resorts are now the primary source of revenue for his business empire, bringing in around $80 million annually.
California Governor Gavin Newsom has signed 10 new laws to combat organized retail crime, focusing on shoplifting, vehicle theft, and the resale of stolen goods online, with increased penalties for middlemen and stricter regulations for online sellers.
The Nevada Gaming Control Board has accused Resorts World Las Vegas of enabling illegal gambling and failing to address violations related to bookmaking and criminal ties.
