COMPANIES

Grab and Olx Group have joined the list of companies that implemented layoffs this month. Grab last slashed its workforce three years back, while Olx Group last reduced its staff in January.

Apple growers in Switzerland are raising concerns over the tech giant's bid to own the intellectual property rights of apple fruit depictions, as they argued that they will have to spend millions if the iPhone maker is granted trademark rights that will force farmers to rebrand or change their group's red apple logo.

Byju's, which was the subject of an April investigation by India's anti-crime agency, has reportedly laid off up to 1,000 employees in a new round of job cuts that affected a wide of range departments. The company has been accused of aggressive sales tactics and a harsh working environment.

Indian health and wellness startup Mojocare has joined the growing list of Sequoia-backed companies that have been found with irregularities in financial reporting. The company also recently laid off about 80% of its workforce but denied allegations that any money was taken out of the company.

Contrary to the FUD (fears, uncertainties, doubts) making rounds online claiming that Musk does not own any Dogecoin wallet, the tech billionaire said otherwise a few years ago.

Oracle has reportedly cut hundreds of jobs and canceled job offers – one day after the company's stock saw a fifth consecutive hike. One source told Insider that the cuts were implemented largely due to Cerner's issues with the Department of Veterans Affairs over the agency's EHRs.

Sonos has laid off about 7% of its workforce roughly two weeks after it won a million-dollar patent case against Google. The company last cut its global workforce in 2020 as the pandemic hit its business. It is now looking to reduce its real estate footprint in the coming months.

Apple pointed out in the warning email that Damus' tipping feature allows users to send tips for receiving content from content creators, which utilizes a mechanism "other than in-app purchase."

CZ denied the allegations and shared his disbelief on how "they can know exactly who sold based on just a price chart involving millions of traders. FUD."

The FTC dimmed hopes for Microsoft to complete its acquisition of Activision Blizzard this month after the court granted the regulator's request for a temporary restraining order and a preliminary injunction. The FTC wants to present its case that the deal will harm cloud gaming competition. The U.K. previously expressed its opposition to the deal over antitrust concerns.

Grubhub is letting hundreds of employees go, months after the food service delivery company was sued by the D.C.'s Karl Racine over alleged "misleading marketing tactics" that resulted in customers paying more than what they were supposed to pay.

"Binance and Zhao are not the typical foreign entity and individual, as they are widely known for disagreeing with the premise of a headquarters or domicile, let alone identifying one, and Zhao is famously protective of revealing his whereabouts," the SEC said in the court filing.

The company announced a fundraising initiative, dubbed "Connect for Good," that will see Salesforce donating $10 to a local charity for every day an employee reports to the office between June 12 and June 23.

While the Binance and Coinbase CEOs lost part of their personal wealth in the wake of the SEC lawsuits, their collective losses account for only 14.3% of their collective gain in the early part of 2023.

Reddit, which confidentially filed for an initial public offering in 2021, is reportedly looking to finally go public in the second half of the year. Its recent move to hike prices for third-party developers may help push its goal of hitting a $15 billion valuation before going public.

Binance allegedly established Binance.US as a protective shield for Zhao and the main company.

The non-custodial crypto wallet, which reportedly supports more than 300 crypto coins and tokens and claims that it has more than 5 million users, has not yet offered any explanation as to how the attack was carried out.

The amendment centered on the "deliberate course of carnival barking, market manipulation and insider trading" allegedly devised by Musk to artificially boost the price of Dogecoin.

Twitter will be put to the test this month to give the platform a preview of how the European Union will enforce its rules that it expects digital platforms to follow.

Activision Blizzard is in hot water following reports of a workplace culture that fostered sexual misconduct and discrimination.

Despite the issues they are currently faced with, the Winklevoss twins appear optimistic about the future.

The EU's European Digital Services Act will take effect in August.

The Boring Company is expanding its facilities in Bastrop County and some residents are unhappy about the possible environmental repercussions of the tunneling company's activities.

The tech billionaire maintained that Dogecoin is still his 'favorite cryptocurrency because it has the best humor and has dogs'

Elon Musk has repeatedly warned of the dangers of un-regulated AI, but he also thinks there needs to be more competition in the AI realm.

Ledger Recover was introduced so users of the hardware wallet, who lost their private keys, could recover them.

Mark Zuckerberg previously announced layoffs will hit business teams this month after the company cut thousands of tech jobs in April.

Altman called for regulating AI during a Senate judiciary subcommittee on artificial intelligence last week.

Meta is expected to lay off around 6,000 employees this week.