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author_name|Sarah Fielding, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

VanMoof e-bikes has declared bankruptcy

July 18, 2023

Sarah Fielding

E-bike company VanMoof has declared bankruptcy for all its Dutch entities and aims to find a buyer in the “next few weeks.” The announcement comes alongside the court of Amsterdam’s withdrawal of suspension of payment proceedings and appointment of two trustees to oversee a possible third-party sale of the assets to ideally keep VanMoof functioning.…
Read more: VanMoof e-bikes has declared bankruptcy
author_name|Igor Bonifacic, Finance, Game Consoles, Information Technology, Investment & Company Information, language|en-US, Mergers, Acquisitions & Takeovers, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News, Video Games

Microsoft and Sony agree to keep Call of Duty on PlayStation

July 16, 2023

Igor Bonifacic

Following a bitter, months-long feud over the company’s proposed acquisition of Activision Blizzard, Microsoft and Sony have signed a deal to keep the multi-billion dollar Call of Duty franchise on PlayStation consoles. “We are pleased to announce that Microsoft and PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the…
Read more: Microsoft and Sony agree to keep Call of Duty on PlayStation
author_name|Igor Bonifacic, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Elon Musk says Twitter’s ad revenue has dropped by 50 percent

July 15, 2023

Igor Bonifacic

Twitter is still spending more money than it’s making, according to Elon Musk. In the early hours of Saturday morning, the billionaire tweeted the company was suffering from an ongoing negative cash flow issue due to an approximately 50 percent drop in…
Read more: Elon Musk says Twitter’s ad revenue has dropped by 50 percent
Billboard Global Music Index, Business, Business News, Finance, midyear 2023, Music Stocks, Spotify, Tech Industry, Tech News

Spotify’s Wall Street Rebound Is Leading Music Stocks’ Growth

July 13, 2023

Marc Schneider

On the Billboard Global Music Index — up 13% at the midyear — two South Korean companies also accounted for some of the biggest gains.
Read more: Spotify’s Wall Street Rebound Is Leading Music Stocks’ Growth
author_name|Lawrence Bonk, Company Legal & Law Matters, Crime & Justice, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Society & Culture, Tech Industry, Tech News

Celsius founder Alex Mashinsky arrested and charged with fraud

July 13, 2023

Lawrence Bonk

The problems keep mounting for Celsius founder Alex Mashinsky, as he’s been arrested and charged by federal authorities with fraud. Mashinsky faces seven criminal counts, including securities, commodities and wire fraud, as originally reported by CBS N…
Read more: Celsius founder Alex Mashinsky arrested and charged with fraud
Business, Business News, earnings, Finance, Hipgnosis, Merck Mercuriadis, Publishing, Tech Industry, Tech News

Hipgnosis Songs Fund Says One-Off Charges Aside, Fiscal Year Ended Up on Streaming and Synch Gains

July 13, 2023

Elizabeth Dilts Marshall

The publicly traded fund’s gross revenue declined during the year ending in March based on one-time costs and a tough year-ago comparison.
Read more: Hipgnosis Songs Fund Says One-Off Charges Aside, Fiscal Year Ended Up on Streaming and Synch Gains
Business, Finance, Hipgnosis, Merck Mercuriadis, Publishing, Tech Industry, Tech News, Ted Cockle

Hipgnosis Sees Flurry of Senior Executive, Staff Departures

July 12, 2023

Elizabeth Dilts Marshall

Chief music officer, global head of sync, others leave as the music investment company explores selling some assets ahead of a shareholder confidence vote.
Read more: Hipgnosis Sees Flurry of Senior Executive, Staff Departures
author_name|Will Shanklin, Finance, Investing Education, language|en-US, provider_name|Engadget, region|US, site|engadget, taxes, Tech Industry, Tech News

Congressional report condemns tax prep companies for sending data to Meta, Google

July 12, 2023

Will Shanklin

A Congressional investigation concluded that several tax prep providers shared sensitive filing data with Meta and Google. It follows a 2022 report from The Markup highlighting the practice in which TaxSlayer, H&R Block and TaxAct used Meta’s Pixel…
Read more: Congressional report condemns tax prep companies for sending data to Meta, Google
author_name|Will Shanklin, Finance, Investing Education, language|en-US, provider_name|Engadget, region|US, site|engadget, taxes, Tech Industry, Tech News

Congressional report condemns tax prep companies for sending data to Meta, Google

July 12, 2023

Will Shanklin

A Congressional investigation concluded that several tax prep providers shared sensitive filing data with Meta and Google. It follows a 2022 report from The Markup highlighting the practice in which TaxSlayer, H&R Block and TaxAct used Meta’s Pixel…
Read more: Congressional report condemns tax prep companies for sending data to Meta, Google
author_name|Jon Fingas, Crime & Justice, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Sonic the Hedgehog co-creator Yuji Naka receives suspended prison sentence for insider trading

July 7, 2023

Jon Fingas

Yuji Naka likely won’t face prison time over his insider trading. Tokyo judge Madoka Hiruta has given the Sonic the Hedgehog co-creator a suspended 2.5-year prison sentence, deferred for four years, as well as two fines worth the equivalent of $1.1 million and $14,000. Naka’s actions hurt the “fairness and soundness” of the stock market…
Read more: Sonic the Hedgehog co-creator Yuji Naka receives suspended prison sentence for insider trading

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Encircle News!

Category: Finance

VanMoof e-bikes has declared bankruptcy

Microsoft and Sony agree to keep Call of Duty on PlayStation

Elon Musk says Twitter’s ad revenue has dropped by 50 percent

Spotify’s Wall Street Rebound Is Leading Music Stocks’ Growth

Celsius founder Alex Mashinsky arrested and charged with fraud

Hipgnosis Songs Fund Says One-Off Charges Aside, Fiscal Year Ended Up on Streaming and Synch Gains

Hipgnosis Sees Flurry of Senior Executive, Staff Departures

Congressional report condemns tax prep companies for sending data to Meta, Google

Congressional report condemns tax prep companies for sending data to Meta, Google

Sonic the Hedgehog co-creator Yuji Naka receives suspended prison sentence for insider trading

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