Payments startup Bolt is being sued by Authentic Brands Group. The holding company, which owns brands including Forever 21 and denim maker Lucky Brand, said in a February complaint that Bolt was misleading about its technology capabilities and how many merchants were using its checkout software. ABG said in the complaint that when it entered into an agreement with Bolt in October 2020, the...
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Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits. Amazon granted 138 million restricted stock units to employees in the second quarter, as the chart above shows—an 82% increase from the number of restricted shares for employees it issued during the same period...
Microsoft Lays Off 200 People in Family-Focused App Business Amid Broader Belt-Tightening
Unity Announces China Joint Venture With Partners Including Alibaba, ByteDance
Former Twitter Employee Convicted of Spying for Saudi Arabia
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