Crypto giant Binance is buying its rival FTX following a very public dispute

Two of the largest crypto exchanges have just announced one of the stranger tech mergers in recent memory (and that’s saying something). Binance plans to acquire its rival FTX after a brief but very public dispute. As Bloombergexplains, Binance CEO Cha…

Nintendo lowers Switch sales forecasts but still expects a healthy year

Nintendo has announced a solid quarter of earnings, with revenue for the quarter at 349.5 million yen ($2.38 billion) and a 118.7 million yen ($809.6 million) operating profit. That’s up by 15.9 and 18.5 percent over last year, largely in part due to a…

Meta will reportedly announce ‘large-scale’ layoffs next week

Facebook parent company Meta could announce large-scale layoffs as early as next week, according to The Wall Street Journal. The outlet reports the company is planning to cut “many thousands” of employees, with an announcement coming as soon as Wednesd…

Elon Musk is officially the CEO of Twitter (for now)

Now that Elon Musk owns Twitter, he’s officially taking the reins as CEO — for the moment, anyway. Twitter has made an amended filing with the Securities and Exchange Commission indicating that Musk is “the Chief Executive Officer” of the social networ…

Elon Musk is officially the CEO of Twitter (for now)

Now that Elon Musk owns Twitter, he’s officially taking the reins as CEO — for the moment, anyway. Twitter has made an amended filing with the Securities and Exchange Commission indicating that Musk is “the Chief Executive Officer” of the social networ…

Google buys an AI avatar startup to take on TikTok

Google has quietly acquired a startup that was working on using AI to generate avatars for social media users and brands. According to TechCrunch, the company recently paid about $100 million to buy Alter. The acquisition went through about two months …

Mark Zuckerberg will testify in the FTC’s antitrust case against Meta

The Federal Trade Commission will call on Meta CEO Mark Zuckerberg to testify in its upcoming case against the company. The FTC sued the social media giant in July in an attempt to block it from buying Within Unlimited, the creator of the popular VR wo…

Apple turns healthy profit despite weak iPad sales

Apple seems to be weathering the financial storm, albeit with a few hitches. The company reported a record high revenue of $90.1 billion in its fiscal fourth quarter, with a net profit of $20.7 billion. While those were only slight increases versus the…