Gaming Giant Steam Accused of Ripping Off 14m UK Gamers

Gaming Giant Steam Accused of Ripping Off 14m UK Gamers

Valve Corporation, the owner of Steam, the world’s largest digital distribution platform for PC games, finds itself embroiled in a legal quagmire as it faces a lawsuit amounting to £656 million. The lawsuit alleges that Valve leveraged its market dominance to overcharge a staggering 14 million UK gamers. Digital rights campaigner Vicki Shotbolt, spearheading the…

No Respite for Apple as Four More States Join Lawsuit Over Alleged Smartphone Monopoly

No Respite for Apple as Four More States Join Lawsuit Over Alleged Smartphone Monopoly

Apple is encountering intensifying legal battles as four additional U.S. states have aligned with the federal government’s antitrust lawsuit, alleging monopolistic practices within the smartphone market. Indiana, Massachusetts, Nevada, and Washington have formally joined the Justice Department’s civil case against Apple, according to a statement released by the agency. The initial complaint, filed in March,…

Judges Hear Elizabeth Holmes’ Appeal Against Fraud Conviction

Judges Hear Elizabeth Holmes’ Appeal Against Fraud Conviction

Judges have recently heard an appeal by Elizabeth Holmes, the founder of Theranos, challenging her conviction for defrauding investors in her blood-testing company. An appeal was also presented for Ramesh “Sunny” Balwani, the startup’s president and Holmes’s former partner, in the San Francisco federal court. Holmes and Balwani were tried separately in 2022 and received…

Samsung Reveals Advanced Chip Technology to Capture AI Market Share

Samsung Reveals Advanced Chip Technology to Capture AI Market Share

Samsung Electronics Co. has unveiled a series of technological advancements designed to attract AI chip manufacturers to its production facilities. The announcement was made at the company’s annual foundry forum held at its US chip headquarters in San Jose, California. Despite being the world’s leading memory-chip maker, Samsung is striving to close the gap with…

Fired SpaceX Employees Sue Over Alleged Retaliation for Criticizing Elon Musk

Fired SpaceX Employees Sue Over Alleged Retaliation for Criticizing Elon Musk

Eight former SpaceX employees have filed a lawsuit against the company and its CEO, Elon Musk, alleging wrongful termination after they criticized the company’s work environment and Musk’s public behaviour. The lawsuit, filed in California state court, claims that Musk ordered their dismissal after they highlighted pervasive sexual harassment and a toxic “Animal House”-style culture…

WeWork Emerges From Bankruptcy, Charts Uncertain Future

WeWork Emerges From Bankruptcy, Charts Uncertain Future

Co-working giant WeWork has officially exited Chapter 11 bankruptcy protection, but questions linger about its long-term viability. The company, once a Wall Street darling valued at nearly $47 billion, filed for bankruptcy in November 2023 after struggling with massive debt and unsustainable real estate costs. To survive, WeWork shed over $4 billion in debt, secured…

Boeing Struggles to Regain Momentum Amid Lingering Safety Concerns

Boeing Struggles to Regain Momentum Amid Lingering Safety Concerns

Boeing continues to face challenges in attracting new orders for its commercial jets, with sales remaining stagnant amidst ongoing safety questions and production woes. In May, the aviation giant reported a meagre four new jet orders, all for the 787 Dreamliner, with no orders for the troubled 737 Max. This marked a decline from the…

Raspberry Pi’s Stock Skyrockets as Investors Flock to Tiny Computer Maker

Raspberry Pi’s Stock Skyrockets as Investors Flock to Tiny Computer Maker

Investors are eagerly embracing the shares of Raspberry Pi, a British manufacturer of compact computers, following its debut on the London Stock Exchange on Tuesday. Raspberry Pi’s stock surged by up to 40% in early trading, settling slightly lower at £3.85 ($4.90) by 11:54 a.m. ET, still boasting a remarkable 38% increase above its listing…

Starbucks Introduces Discounted “Pairings Menu” to Compete in Value Menu Wars

Starbucks Introduces Discounted “Pairings Menu” to Compete in Value Menu Wars

In a bid to compete in the ongoing value menu wars and attract budget-conscious consumers, Starbucks has unveiled its latest offering – the “Pairings Menu,” combining drinks and breakfast items at discounted prices. Released on Tuesday, the “Pairings Menu” aims to rejuvenate spending and appeal to cost-conscious customers amidst concerns over rising fast-food prices and…

Elon Musk Drops Lawsuit Against OpenAI After Publication of Emails

Elon Musk Drops Lawsuit Against OpenAI After Publication of Emails

Elon Musk has moved to dismiss his lawsuit against OpenAI and CEO Sam Altman, bringing an end to a legal dispute that has lasted several months between the co-founders of the artificial intelligence startup. In February, Musk, who co-founded OpenAI in 2015, filed a lawsuit accusing the company of deviating from its original nonprofit mission…