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Workers picket in front of an Amazon Logistic Station on December 19, 2024 in Skokie Illinois. Scott Olson | Getty Images Italo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of Raleigh to earn some extra cash. The past…
Jaque Silva | Nurphoto | Getty Images The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. Reddit on Wednesday reported fourth-quarter revenue of $428 million, which was up 71% from the previous year and represents the fastest growth rate for any quarter since 2022. Although Reddit’s…
Blue Origin, the space company owned by Jeff Bezos, is laying off roughly 10 percent of its work force, according to an email that was sent to staff on Thursday and that was viewed by The New York Times. The cuts, which could affect about 1,000 roles, follow several years of rapid growth and the…
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares fell more than 10% on Wednesday after the company reported weaker-than-expected user numbers in…
Last month, the Golden Globes drew 10.1 million viewers. No, wait, maybe 9.3 million. The very same night, “Sunday Night Football” attracted 28.5 million people. Scratch that, perhaps it was 25.8 million. The “Yellowstone” finale? Possibly 11 million — or 8 million? Ratings have long been the currency of the TV business, helping to determine…
Wall Street went into panic mode about two weeks ago after the Chinese start-up DeepSeek released an artificial intelligence system that appeared to be radically more efficient than what its American competitors had built. The investors who had pumped trillions of dollars into tech stocks over the last few years worried whether the tens of…
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential….
Amazon saw healthy consumer sales and a pickup in its cloud computing business in its latest quarter, but the company told investors on Thursday to expect slowing growth ahead. Sales from October through December hit $187.8 billion, up 10 percent from a year earlier. Profit rose 88 percent, to $20 billion. Both were roughly in…
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to just under 19% year over year in the fourth quarter,…
U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025. Carlos Barria | Reuters The former chair of the National Labor Relations Board in a new lawsuit Wednesday accused President Donald Trump of breaking the law when he fired…
