Category: Companies

Robinhood Wins Dismissal of Shareholder Lawsuit Over 2021 IPO

A U.S. judge on Friday dismissed a lawsuit accusing Robinhood Markets Inc. of misleading investors about the online brokerage’s financials and growth prospects when conducting its 2021 initial public offering. U.S. District Judge Edward Chen in San Francisco found no proof that disclosures in Robinhood’s IPO materials were false or misleading, or that declines in…


PREMIERING 2/11 at 7:30PM ET: Aaron Siri (Part 2): How the Vaccine Paradigm Has Led to Medical Coercion and Conflicted Health Agencies

“I was always told that vaccines are safe. And if a product is safe, why do you need to give the manufacturer … essentially immunity to liability for the injuries that that product causes? Because if it’s safe, certainly in the way that our public health authorities project it safe to the public, there shouldn’t…


PREMIERING 7:30PM ET: Aaron Siri (Part 2): How the Vaccine Paradigm Has Led to Medical Coercion and Conflicted Health Agencies

“I was always told that vaccines are safe. And if a product is safe, why do you need to give the manufacturer … essentially immunity to liability for the injuries that that product causes? Because if it’s safe, certainly in the way that our public health authorities project it safe to the public, there shouldn’t…


Kraken Settles With SEC for $30 Million and Will Close US Crypto Staking Operations

The Securities and Exchange Commission (SEC) settled a case with the cryptocurrency exchange Kraken, as it cracked down on one of its U.S. operations. Kraken agreed to shut down its cryptocurrency staking service and paid a $30 million fine to settle charges that it failed to register the offer or sale of the program, the SEC…


Ford Cuts Rivian Stake to About 1 Percent

Ford Motor Co. has cut its stake in Rivian Automotive Inc. to 1.15 percent, as part of a plan to scale down its holdings in the electric-vehicle maker. Ford, which wrote down the value of its Rivian investment by $7.4 billion in 2022, had said last week that the monetization of its stake in Rivian…


Blue Origin Awarded Its First NASA Interplanetary Launch Contract for Mars Mission

WASHINGTON—Blue Origin, the private space company founded by billionaire Jeff Bezos, was awarded its first interplanetary NASA contract on Thursday to launch a mission next year to study the magnetic field around Mars, the U.S. space agency and company said. Plans call for Blue Origin’s recently developed New Glenn heavy-lift rocket to blast off with…


Judge Rejects Bid to Nullify Boeing Deal Over Max Crashes

DALLAS—A federal judge has rejected an effort by families of passengers who died in Boeing 737 Max crashes to reopen an agreement that allowed Boeing to avoid prosecution for fraud in how it won regulatory approval for the plane. District Judge Reed O’Connor in Fort Worth said that he has sympathy for families of the…


White House Confirms Biden’s Super Bowl Interview With Fox News Isn’t Happening

President Joe Biden will not sit for a pre-Super Bowl interview with Fox before the network airs the game on Sunday, according to a statement from the White House. “The President was looking forward to an interview with Fox Soul to discuss the Super Bowl, the State of the Union, and critical issues impacting the…


White House Says Fox Pulled Out of Biden’s Super Bowl Interview; Fox Says He’s Still Invited

President Joe Biden will not sit for a pre-Super Bowl interview with Fox before the network airs the game on Sunday, according to a statement from the White House. In a later statement, Fox said that Biden is still invited to sit for the interview. “The President was looking forward to an interview with Fox…


Yahoo Slashing 20 Percent of Its Workforce by the End of 2023

Yahoo announced that the layoff of more than 20 percent of its workforce by the end of 2023. The tech company said it would eliminate 1,000 positions by the end of this week, the company said in a statement on Feb. 9. A total of more than 1,600 employees are expected lose their jobs in these…