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Former Microsoft CEO Steve Ballmer is set to make $1 billion a year for doing nothing
Renowned tech figure and the sixth richest person globally, Steve Ballmer, is poised to receive a substantial $1 billion in passive income from Microsoft in 2024. This windfall follows Microsoft's
Kanye West Yeezy Sneaker Sales Continue to Bring Adidas Huge Revenue
Adidas' decision to resume selling Kanye West's Yeezy shoes has proven to be a wise move, as the sportswear giant disclosed its preliminary earnings for the third quarter of 2023,
Elon Musk’s Tesla Sells Most of its Bitcoin Holdings
Barely a year after Tesla announced a major investment in Bitcoin, the company has now sold off most of its holdings of the cryptocurrency. At the end of 2021, Tesla
Kanye West No Longer a Billionaire – Forbes
American business magazine, Forbes has disclosed that American rapper, Kanye West is no longer a billionaire after German multinational corporation, Adidas cut ties with him. This was announced in an
‘Air’ Will Tell the Story of How Nike Landed the Michael Jordan Deal
One of the greatest tales of marketing and sponsorships is perhaps the legendary partnership between Nike and Michael Jordan. In 1984, Jordan was a rookie on his way to the
Toyota Reveals Demand For its Vehicles Remains High Despite Falling US Sales
Automobile manufacturing giant, Toyota has said that demand for its cars, trucks, and EVs remains high, despite a fall in US sales. As reported by Business Insider Africa, the world's
US Stocks See Worst First Half Drop in More Than 50 Years
Stocks in the United States of America have seen their worst first half of a year since 1970 even as concerns continue to grow over how steps to curb inflation
Couple Suing Eataly Boston After Woman Slipped on Piece of Prosciutto and Broke Ankle, Lawsuit States
A New Hampshire couple has initiated legal proceedings against Eataly Boston following an incident in which a woman allegedly slipped and fell on a piece of prosciutto within the store,
Blizzard and NetEase Resolve Dispute, ‘World of Warcraft’ Returns to China
In a significant development for gaming enthusiasts in China, Blizzard Entertainment and NetEase have announced the resolution of their dispute, paving the way for the return of iconic titles such
Adidas Will Continue to Sell Kanye West’s Shoe Designs Without the Yeezy Name
Adidas officially ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the musician’s anti-Semitic tirade. But Adidas will continue to sell the lucrative sneaker and
Amazon and Apple Fined $218 Million by Spain Antitrust Watchdog
Spain's antitrust regulator, known as CNMC, has levied substantial fines on tech giants Amazon and Apple, totalling €194.1 million ($218 million), for colluding to limit competition on the Amazon platform
MacKenzie Scott Sold Over $10 Billion Worth of Amazon Shares in 2023, Continues Philanthropic Efforts
MacKenzie Scott, the philanthropist and ex-wife of Amazon founder Jeff Bezos, has reportedly sold nearly 65.3 million Amazon shares in the past year, amounting to a value exceeding $10 billion,
Google Stock Loses $57 Billion Amid Microsoft’s AI ‘Lead’ — And Reports It Could Be Replaced By Bing On Some Smartphones
Alphabet shares are on pace for their worst day in over two months following a report indicating the Google parent company is in danger of losing a key multibillion-dollar search
Texas Company Identified as Source of AI-generated Deepfake Biden Robocalls
New Hampshire's Department of Justice announced that it has uncovered the source behind the fraudulent Biden AI robocalls that targeted residents last month. The investigation led to Life Corporation, a
Kendrick Lamar Shares New Song in Short Film for Chanel
Renowned rapper Kendrick Lamar has collaborated with luxury fashion house Chanel to unveil a new song featured in a captivating short film. On Saturday (January 20), Chanel released a mini-movie
Netflix Password Crackdown Boosts New Subscribers to Highest Level Since Covid Began
Netflix's crackdown on password sharing in the United States is yielding positive results, as early data suggests a significant increase in new subscriber sign-ups compared to the early days of
World Bank Approves $700 Million Support Package for Sri Lanka’s Economic Recovery
In a significant funding initiative, the World Bank has sanctioned $700 million in budgetary and welfare support for Sri Lanka, marking the largest tranche of financial assistance for the crisis-stricken
Elon Musk Pulls Out of $44bn Deal to Buy Twitter
American billionaire businessman, Elon Musk has pulled out of the deal to buy Twitter as he seeks to officially end his $44bn (£36bn) bid to buy the social media brand
TikTok Fined $368 Million in Europe for Failing to Protect Children
TikTok, the popular social media platform, has been slapped with a hefty €345 million ($368 million) fine by a major European tech regulator over allegations of insufficient measures to safeguard
Amazon Set to Begin New Round of Layoffs Affecting More Than 18,000 People
Amazon is expected to begin a fresh round of job cuts in what looks poised to become the largest workforce cuts in its 28-year history as reported on CNBC. Earlier