Jun 11, 2022
Meta probing Sheryl Sandberg’s use of company resources – WSJ

(Reuters) - Lawyers are investigating Meta Platforms Inc's outgoing operations chief Sheryl Sandberg's use of company resources over several years, the Wall Street Journal reported on Friday, citing people familiar with the matter. Several employees have been interviewed in connection…

Jun 09, 2022
U.S. household wealth drops for first time in 2 years

(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net…

Jun 08, 2022
Spotify expects to reach $100 billion in revenue in 10 years

By Dawn Chmielewski and Supantha Mukherjee (Reuters) -Spotify Technology SA on Wednesday said it expects to reach $100 billion revenue annually in the next 10 years and promised high-margin returns from its costly expansion into podcasts and audiobooks. The audio…

Jun 07, 2022
Buy now, pay later stocks roiled by Apple’s entry

(Reuters) - Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates. The service, called…

Jun 03, 2022
Crypto scam victims lose more than $1 billion since 2021 – FTC

(Reuters) - More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in…

Jun 02, 2022
USPS expects to boost purchase of electric delivery vehicles

By David Shepardson (Reuters) -The U.S. Postal Service (USPS) said on Wednesday it is seeking to boost the number of electric delivery vehicles it plans to buy as it modernizes its network for a new delivery plan. The USPS currently…