Posts by Forbes Washington DC
Supreme Court puts off ruling on whether state social media laws violate the 1st Amendment
WASHINGTON — The Supreme Court on Monday said it is putting off a ruling for now on whether social media laws adopted by Florida and Texas violate the 1st Amendment. Instead, the justices sent those cases back to lower courts to consider how those laws would apply in specific situations. Speaking for the unanimous court, Justice…
Read MoreCalifornia lawmakers advance tax on Big Tech to help fund news industry
SACRAMENTO — The California state Senate on Thursday passed legislation aimed at helping the news industry by imposing a new tax on some of the biggest tech companies in the world. Senate Bill 1327 would tax Amazon, Meta and Google for the data they collect from users and pump the money from this “data extraction mitigation…
Read MoreAli Ramahi’s Six-Figure Success Story Inspires Aspiring Entrepreneurs
Ali Ramahi, a force to be reckoned with in both physical and financial health, has charted a remarkable journey from professional kickboxer to successful entrepreneur. His unique path, initially rooted in the kickboxing world, has evolved into a fruitful venture in dropshipping. Today, he shares his expertise and experiences through his Elite Ecommerce Academy course,…
Read MoreMstar Holdings: The Rising Giant in Global Billion-Dollar Markets
Under the visionary leadership of founder and president Jakapun Viwatkurkul and vice president Pasit Viwatkurkul, a father-and-son duo, Mstar Holdings has emerged as a powerful new player in real estate, entertainment, import/export, tech, and defense across Southeast Asia and now expanding into the Middle East. Spearheading a wave of innovation and growth, Mstar Holdings is…
Read MoreSid Nasnodkar named AVA Digital Award Platinum Winner for Product Leadership
The Association of Marketing and Communication Professionals (AMCP) honored Sid Nasnodkar with a platinum AVA Digital Award for Product Leadership, marking a significant milestone in his distinguished career. The AVA Digital Awards is an international competition recognizing excellence in digital marketing products. The awards are renowned for their stringent selection criteria and rigorous judging process,…
Read MoreAdani Group’s Q1 Performance: A Triumph Amidst Market Challenges
Adani Group, led by billionaire Gautam Adani, has displayed a significant financial growth in the first quarter ending June 30th. Notably, there has been a robust 69.71 percent year-on-year surge in the combined net profit of the group’s companies, reaching Rs 12,116 crore in Q1FY24 compared to Rs 7,139.55 crore in the same period last…
Read MoreUK Retailer Wilko Collapses After Failing to Find Emergency Funding; 12,500 Jobs At Risk
British retailer Wilko said on Thursday it has fallen into administration after failing to secure emergency investment to stay afloat. The development puts the jobs of as many as 12,500 workers across 400 Wilko stores at risk, though the company has assured the stores will remain open for now and the employees will continue to…
Read MoreWeWork to Go Belly Up? SEC Filing Shows Bankruptcy a Near-Certain Option
WeWork, which redrew rules in the corporate office space management in the pre-Pandemic days, has said it is likely to go bankrupt, capping years of financial struggles. The Softbank-backed co-working start-up, which was once valued at $47 billion, has admitted in an SEC filing that it is doubtful of its existence going forward. “Our losses…
Read MoreApple’s Market Value Breaches $3 Trillion for the First Time
Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world’s most valuable company jumped 2.3% to $193.97, giving it a market capitalization of $3.05 trillion,…
Read MoreDisney World Closes Its Newly Launched ‘Star Wars Hotel’ Amid Cost Cuts and Layoffs
Disney World is closing down its Star Wars-themed luxury hotel two years after it opened the much touted property offering immersive space experience. The Star Wars hotel, which offers ‘galactic starcruise’ and a sci-fi inspired star wars experience, was opened at Disney World in Orlando in March 2022. Walt Disney Co. said on Thursday the…
Read MoreLinkedIn Lays off More Than 700 Employees and Shuts Down InCareer App in China
Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China. The company’s CEO Ryan Roslansky said in an email to employees that the move was aimed at streamlining the company’s operations. “As we guide LinkedIn through this rapidly…
Read MoreSEC Probes Top First Republic Executives Who Sold Millions Worth O=of Shares Before Crash – Report
The US regulators have launched a probe into the executives of First Republic Bank following the crisis-hit bank’s takeover by JPMorgan. The Securities and Exchange Commission is investigating if executives of First Republic improperly traded on inside information, Bloomberg News reported, citing sources. JPMorgan Chase entered into a deal to buy the San Francisco bank…
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