Apple wins tax appeal in EU
Apple has won a tax appeal case that will spare it from paying Ireland some 13 billion euro in back taxes. The BBC reported the news: Apple has been told it will not have to pay Ireland €13bn (£11.6bn) in back taxes after winning an appeal at the European Union’s second-highest court. It overturns a […]
How a tech reporter was threatened after a Facebook story
Guardian tech reporter Julia Carrie Wong, who is based in San Francisco, talked with Anushka Asthana about the racist and sexist harassment that followed her story about how white nationalist groups were using Facebook. She received an email over Thanksgiving about the story. “I opened it up, and it was a horrifying racist, slur-filled rape threat,” […]
One more EV startup joins the industry with $2.9-bln listing
Fisker, an electric car startup, will go public through a merger with private equity-backed Spartan Energy Acquisition. Michael Wayland reported the news for CNBC: Electric vehicle start-up Fisker is expected to go public through a merger with a company backed by private equity firm Apollo Global Management with a combined value of $2.9 billion, the […]
Chatham to acquire McClatchy
Hedge fund Chatham has made the winning bid for bankrupt publisher McClatchy. Ismail Shakil reported the news for Reuters: Hedge fund Chatham Asset Management’s bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co MNIQQ.PK, the news company said on Sunday. The Miami Herald publisher said Chatham’s proposed deal, which needs a court […]
4.8 million jobs return in June
Some 4.8 million jobs were added in the U.S. in June but worry remains it would not be enough to restart the economy. Lucia Mutikani from Reuters wrote: The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the […]
Coronavirus pushes U.S. car sales down in Q2
U.S. car sales during the second quarter of the year fell by more than a third from Q1, registering the second consecutive quarterly decline. Sebastian Blanco reported the news for Car and Driver: Stay-at-home orders and plant shutdowns prompted by the spread of COVID-19 were a major impediment to sales between April 1 and June […]
What it’s like to cover Facebook
Jacob Silverman writes for Columbia Journalism Review about the issues reporters face when covering Facebook. Silverman writes, “Beyond the company’s dissembling, reporting on Facebook’s operations has become increasingly complex simply because of its size. The company controls the communications and informational intake of more than two and a half billion people. It can feel impossible to […]
Uber offers to take over Postmates
Uber has approached delivery service Postmates for a potential takeover. Mike Isaac and Erin Griffith reported the news for The New York Times: Uber has made a takeover offer to buy Postmates, the upstart delivery service, according to three people familiar with the matter, as the on-demand food delivery market consolidates and Uber looks for […]
Chesapeake Energy files for bankruptcy
Chesapeake Energy has filed for Chapter 11 bankruptcy protection after amassing a debt loan of more than $9 billion and oil prices remaining too low for breakeven. David French and Rama Venkat reported the news for Reuters: Chesapeake Energy Corp (CHK.N) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer […]
How Business Insider covered the Pinterest toxic workplace story
Business Insider deputy executive editor Olivia Oran spoke to chief tech correspondent Julie Bort and reporter Taylor Nicole Rogers, who revealed in a recent story that Pinterest is a toxic workforce for black workers. Here is an excerpt: Olivia Oran: Tell me about your reporting process. When did you start looking into Pinterest and how long […]
