News and trends

New York City Caves on Plan to Cap Uber Drivers
Regulations

New York City Caves on Plan to Cap Uber Drivers

Mayor Bill de Blasio faced vocal opposition to plans to stop Uber's growth in New York.
Ray Hennessey
The Celebs Who Lashed Out at NYC's Mayor Over the Uber Cap
Uber

The Celebs Who Lashed Out at NYC's Mayor Over the Uber Cap

Ashton Kutcher, Neil Patrick Harris and Kate Upton weren't happy with Bill de Blasio's attack on the ride-sharing company.
Laura Entis
Ikea Issues Repair Kits for 27 Million Dressers After Child Deaths
IKEA

Ikea Issues Repair Kits for 27 Million Dressers After Child Deaths

The line of MALM chests and dressers has been sold since 2002.
Carly Okyle
Yahoo Fails to Soothe Investors' Fears About the Company's Future
Earnings Reports

Yahoo Fails to Soothe Investors' Fears About the Company's Future

The company boosted revenue slightly, but lost money due to traffic costs. And it failed to provide any outlook for its massive Alibaba spinoff.
Mathew Ingram
Microsoft Posts Record Loss as It Writes Down Nokia
Microsoft

Microsoft Posts Record Loss as It Writes Down Nokia

Also, demand fell for its Windows operating system.
Seattle CEO Who Set Minimum Salaries to $70,000 Sued By Brother for Allegedly Overpaying Himself
Legal Issues

Seattle CEO Who Set Minimum Salaries to $70,000 Sued By Brother for Allegedly Overpaying Himself

Gravity Payments' Dan Price made national news when he announced an across-the-board raise for his 120-person team. Now, he is being accused of cutting his brother out of profits.
Geoff Weiss
Wikipedia Founder Jimmy Wales Is Launching a Social Network and Phone Service to Make It Easier to Donate to Charity
Charity

Wikipedia Founder Jimmy Wales Is Launching a Social Network and Phone Service to Make It Easier to Donate to Charity

It's all designed to make it easier for the everyday person to support their favorite cause.
Toshiba CEO Quits Over Accounting Scandal
Leadership

Toshiba CEO Quits Over Accounting Scandal

An independent inquiry found the CEO had been aware the company had inflated its profits by $1.2 billion over a period of several years.
Josh Greenberg, Co-Founder of Shuttered Music Service Grooveshark, Dead at 28
Obituaries

Josh Greenberg, Co-Founder of Shuttered Music Service Grooveshark, Dead at 28

While Greenberg's death arrives on the heels of his company's closure due to a four-year legal war, police found no evidence of foul play or suicide.
Geoff Weiss
PayPal Valued at About $52 Billion in Market Return
PayPal

PayPal Valued at About $52 Billion in Market Return

The ecommerce company is expected to build partnerships with rivals and try to seize market share from startups.
This Is How Instacart Is Reclassifying Contract Workers as Part-Time Employees
Sharing Economy

This Is How Instacart Is Reclassifying Contract Workers as Part-Time Employees

The on-demand grocery delivery company expects three-fourths of eligible workers to make the transition.
Laura Entis
Cleaning Startup Homejoy Shuts Down, Blames Worker Classification Lawsuits
Legal Issues

Cleaning Startup Homejoy Shuts Down, Blames Worker Classification Lawsuits

The multiple worker classification lawsuits filed against the company were the 'deciding factor.'
Laura Entis
Turmoil at Reddit, and Shots of the Pluto Flyby: Weekly News
Weekly News Roundup

Turmoil at Reddit, and Shots of the Pluto Flyby: Weekly News

Plus: The sharing economy continues to grapple with the status of its workers.
Tanya Benedicto Klich
Sarcasm Poses Problem for Computer Algorithms in U.S. Election
Social Media

Sarcasm Poses Problem for Computer Algorithms in U.S. Election

Increasingly, data gatherers find themselves tripped up by basic social media conventions like sarcasm and mockery.