A U.S. judge is allowing a class-action lawsuit claiming BlackBerry Ltd. defrauded investors by misleading them about the success of its BB10 devices to move forward. New York judge Colleen McMahon ruled this week that the case brought against the Waterloo, Ont. technology company by purchasers of BlackBerry’s common stock can head to trial, likely […]
Category Archives: Technology
BOSTON—A critical vulnerability in a widely used software tool — one quickly exploited in the online game Minecraft — is rapidly emerging as a major threat to organizations around the world. “The internet’s on fire right now,” said Adam Meyers, senior vice president of intelligence at the cybersecurity firm Crowdstrike. “People are scrambling to patch,” […]
Microsoft Corp.’s head of Xbox said he’s “evaluating all aspects of our relationship with Activision Blizzard and making ongoing proactive adjustments,” in light of the recent revelations at the video game publisher. In an email to staff seen by Bloomberg News, Phil Spencer said he and the gaming leadership team are “disturbed and deeply troubled […]
Sony Group Corp.’s PlayStation chief Jim Ryan criticized Activision Blizzard Inc. Wednesday for the game publisher’s inadequate response to an explosive news article alleging that CEO Bobby Kotick was aware of sexual misconduct and harassment allegations for years and that he had also mistreated women. In an email to employees reviewed by Bloomberg, Ryan linked […]
Activision Blizzard Inc. shares tumbled Tuesday after a news report said the chief executive officer of one of the U.S.’s biggest video game publishers was aware for years of sexual misconduct claims at the company and that he has been accused of mistreatment by several women. The story by the Wall Street Journal details allegations […]
Elon Musk, the world’s wealthiest person, began his Sunday sparring with U.S. Sen. Bernie Sanders, who tweeted a day earlier that “we must demand that the extremely wealthy pay their fair share.” Musk even raised the notion of selling more of his Tesla Inc. shares, which would require him to pay taxes on the gains. […]
In his 1992 novel Snow Crash, author Neal Stephenson introduced the concept of a “metaverse” — a fantastical virtual world that felt as real and present as reality itself. Almost three decades later, Mark Zuckerberg is dragging Stephenson’s vision into reality. Last Thursday, the Facebook CEO and co-founder unveiled his company’s metaverse project during a […]
SAN RAMON, CALIF. — Apple unveiled its next iPhone lineup, including a model that offers twice the storage available in earlier versions and other modest upgrades to last year’s editions that proved to be a big hit among consumers devouring the latest technology during the pandemic. The pre-recorded video event streamed Tuesday gave Apple a […]
Vertical agriculture company Plenty Inc. has an unusual selling point: Its crops of arugula, kale and microgreens are grown in an indoor farm run by robots. That hasn’t always been a winning proposition. Two years ago, the company had to scale back an ambitious international expansion plan, realizing it wasn’t ready to bear the cost […]
Airbnb Inc.’s recovery from the travel slump caused by COVID-19 has been so swift that the startup’s much-anticipated stock listing is still on the table for 2020, chief executive officer Brian Chesky said. “We’re not ruling it out this year, but we’re definitely not committing to a time line right now,” Chesky said in an […]