Walt Disney Co. reported that its entertainment division, historically an engine of profits, lost money in the December quarter thanks to a drop in profits from its TV networks and significantly higher losses at its streaming division. Only Disney’s theme parks kept the company in the black. To help cut costs, newly returned CEO Bob Iger announced layoffs of 7,000 people, about 3% of Disney’s...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
Alibaba to Split Into Six Business Units in Major Restructuring
Zoom Adds OpenAI Productivity Features, Launches Digital Assistant
Ten Private Equity Firms Contacted Sumo Logic Before Buyout
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