After years of aggressively fighting any efforts to force it to recognize its drivers as employees, on Tuesday Uber performed a U-turn on the streets of Britain and recognized all of its drivers as working for the company rather than serving as freelancers. The change is the result of a court ruling last month that Read more about Following Supreme Court ruling, Uber UK recognizes drivers as workers, offers min wage, holiday pay, pension[…]

[…] indie developer Jason Rohrer has added a new wrinkle by creating an NFT auction using artwork he commissioned from other people in 2012—long before NFTs were ever created. NFT is short for “non-fungible token,” a cryptographic token that is, unto itself, one of a kind. NFTs have been tied to images, videos, and even Read more about Game Artists Not Happy That Developer Is Selling Their Nearly Decade-Old Work As NFTs[…]

After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and reported lower rates of anxiety and depression, according to a study released Wednesday. The program in the Northern California city of Stockton was the highest-profile experiment in the U.S. Read more about Results of US ‘Universal Basic Income’ Program? Employment Increased[…]

Short sellers lost $664 million on Wednesday as GameStop shares spiked 104% in the final 30 minutes of trading, S3 Partners said.The stock’s 84% intraday gain on Thursday fueled another $1.19 billion in mark-to-market losses. Source: GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock’s latest spike | Markets Insider

Uber drivers in the UK should be classified as workers and entitled to both paid vacation time and the minimum wage, according to a ruling Friday by Britain’s Supreme Court. But Uber’s London office is already disputing the scope and relevance of the ruling for its British drivers, insisting that its own rules have changed Read more about Uber Drivers Entitled to Paid Vacation and Minimum Wage According to UK Supreme Court[…]

I am not a cat I believe in the stock

A judge has ruled that Citibank can’t claw back more than $500m (£360m) it mistakenly paid out after outsourced staff and a senior manager made a nearly billion-dollar (£700m) user-interface blunder.The error occurred on August 11 last year, when Citibank was supposed to wire $7.8m (£5.6m) in interest payments to lenders who are propping up Read more about Citibank accidentally wired $500m back to lenders in user-interface super-gaffe – and judge says it can’t be undone[…]

Keith Gill, known as ‘Roaring Kitty’ on YouTube, allegedly duped retail investors into buying inflated stocks while hiding his sophisticated financial background.Mr Gill has downplayed his impact and rebutted claims he violated any laws.Separately, he will testify on Thursday to Congress about the “Reddit rally”.”The idea that I used social media to promote GameStop stock Read more about ‘Roaring Kitty’ GameStop investor hit with lawsuit by American idiot[…]

The new rules formalise an earlier anti-monopoly draft law released in November and clarify a series of monopolistic practices that regulators plan to crack down on. The guidelines are expected to put new pressure on the country’s leading internet services, including e-commerce sites such as Alibaba Group’s Taobao and Tmall marketplaces or JD.com. They will Read more about China issues new anti-monopoly rules targeting its tech giants[…]

China will set up a new information platform to allow the public to track the emissions of polluting enterprises and help authorities prosecute those that break the rules or try to “evade supervision”, the environment ministry said. A total of 2.36 million companies, industrial facilities and institutions in China are legally obliged to obtain permits Read more about China to launch public platform to track, crack down on polluters[…]

Late on Wednesday, a moderator of the popular Reddit message board WallStreetBets posted several screenshots on the chat app Discord. They showed that other moderators had quietly started talking among themselves about landing a movie deal. “What’s our cut?” one of the moderators had asked in a Discord chat, according to the screenshots. By Thursday Read more about Quest for Hollywood Fame Splits Redditors at Heart of Market Frenzy[…]

Amazon will pay a $61.7 million fine to settle allegations the company had failed to properly pay out tips to its Flex delivery drivers, the Federal Trade Commission (FTC) announced on Tuesday. The fine stems from a payment change the company implemented in late 2016. At the time, Amazon said Flex drivers, which use their Read more about FTC fines Amazon $61.7 million for withholding tips from Flex drivers[…]

Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon’s board. In a statement, Bezos said: I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy Read more about Jeff Bezos To Step Down as Amazon CEO, Andy Jassy AWS Boss to succeed[…]

Below is from the CNBC website. SLV spiked yesterday and some people will have you believe it’s the Gamestop buying and holding redditors from wallstreetbets that are pushing it. They are not. SLV is being pushed up by Capital Investments, the people the redditors are trying to destroy. Below is a list of stories from Read more about CNBC, others tell you redditors want to pump SLV, others. They don’t. SLV is owned by Citadel, the people redditors hate. It’s only about GME, AMC, BB.[…]

Google has removed a wave of negative reviews of popular stock-market trading apps targeted by furious investors. Platforms such as Robinhood have been hit after preventing independent traders buying GameStop and AMC shares. Users of a Reddit message board had managed to upset the market by buying the shares and inflating their value, hitting established Read more about Google side with Hedge funds, wipes Play Store reviews of RobinHood by pissed off GameStop traders[…]

GameStop’s stock has continued to make big moves, briefly crossing $450 a share on Thursday, fueled by Reddit users collectively taking on the Wall Street establishment. But individual investors looking to make trades have faced multiple issues on trading sites and apps over recent days, with many experiencing service disruptions, according to Bloomberg. The frenzy Read more about Robinhood, TD Ameritrade restrict buying of GameStop, AMC stock – shorters continue game, killing pumpers. Reps + Dems agree market manipulation. The shorters are big customers and are reloading their short positions.[…]

After kicking off a historic rally around GameStop stock that has incited the ire of hedge fund tycoons and the SEC, the r/wallstreetbets channel was banned from Discord on Wednesday over apparent hate speech violations. While some on Reddit were quick to speculate that the server had been taken down by hackers as part of Read more about Here comes the slander: Discord Bans r/WallStreetBets For Hate Speech Violations[…]

Struggling retailer GameStop’s stock curiously hit an all time high today. But it’s not because Sony, Microsoft, and Nintendo suddenly decided to stop selling their games digitally. And it’s not because a new set of Funko Pops has taken the internet’s imagination by storm. No, the stock price jumped to an all-time high because some Read more about GameStop Stock Breaks Records As Reddit Traders War With Short Sellers[…]

Elastic CEO and co-founder Shay Banon has attacked AWS for what he claims is unacceptable use of the open-source Elasticsearch product and trademark. Banon’s post is part of the company’s defence of its decision to drop the open-source Apache 2.0 licence for its ElasticSearch and Kibana products and instead use the copyleft SSPL or restrictive Read more about AWS has been doing things that are ‘just NOT OK since 2015,’ says Elastic as firm yanks Apache 2.0 licence – FOSS blues[…]

A lengthy antitrust investigation into PC games geo-blocking in the European Union by distribution platform Valve and five games publishers has led to fines totalling €7.8 million (~$9.4 million) after the Commission confirmed today that the bloc’s rules had been breached.The geo-blocking practices investigated since before 2017 concerned around 100 PC video games of different Read more about Valve, Bandai, Capcom, Focus Home, Koch Media, Zenimax fined $9.4M by EU for illegal geo-blocking, antitrust collusion[…]

In 2017, Facebook said it was testing a new way of selling online advertising that would threaten Google’s control of the digital ad market. But less than two years later, Facebook did an about-face and said it was joining an alliance of companies backing a similar effort by Google.Facebook never said why it pulled back Read more about Behind a Secret Deal Between Google and Facebook – how monopolies define winners and kill losers[…]

Tesla is an oddity in the business landscape. The company’s stock is so stratospheric that Elon Musk has surpassed Jeff Bezos as the world’s richest person. Now, we have another mind-blowing metric. At Tesla’s current price-to-earnings ratio, it would take the company almost 1,600 years to make what the stock market says it’s worth.The New Read more about Tesla Would Take Nearly 1,600 Years To Make The Amount Of Money The Stock Market Values It At[…]

Epic Games intends to file a competition lawsuit against Google in the UK as part of the ongoing Fortnite-kicked-off-platforms saga, according to documents lodged with the Competition Appeal Tribunal.The lawsuit will allege that Google, holder of “a dominant position in the Android app distribution market”, has unfairly restricted “competition from alternative app stores and other Read more about Epic Games files competition lawsuit against Google in the UK over Fortnite’s ejection from Play Store[…]