Just this week, it was discovered that Facebook was storing millions of users’ unencrypted personal passwords on company servers, readable by thousands of employees. Unfortunately, this has not been Facebook’s only blunder regarding user privacy. Most notably, in March of last year, it was found that user data for about 50 million Facebook users had […]

Biogen, a multinational biotechnology company, just suffered massive setbacks after the company halted two Phase 3 clinical trials for aducanumab, a drug designed to slow the adverse effects of Alzheimer’s. The drug was designed to target brain-destroying protein fragments known as beta-amyloids. Once promising, Aducanumab successfully reduced beta-amyloid plaque levels in mice during earlier phases […]

Airbnb recently announced its acquisition of HotelTonight for an undisclosed amount. Based on its most recent round of funding in 2017, HotelTonight was valued at approximately $460 million, making its sale to Airbnb relatively sizeable. The acquisition represents Airbnb’s latest advancement towards fulfilling its desire to build an end-to-end travel platform that serves everyone. While […]

Elon Musk fired back at the Securities and Exchange Commission (SEC) in federal court last week, accusing the agency of making a retaliatory “unconstitutional power grab” to silence his free speech. The SEC seeks to hold the Tesla CEO in contempt of court over tweets sent on February 19 that allegedly violated a 2018 settlement […]

Ride-hailing company Lyft announced yesterday that it began its roadshow in preparation for its IPO later this year. While the company has not yet announced what day it will publicly list, companies typically begin trading two weeks following their roadshow, meaning Lyft’s IPO is just around the corner. Lyft is set to debut on NASDAQ […]

Last Friday, a jury in U.S. District Court for the Southern District of California awarded Qualcomm $31.6 million patent royalties based on the finding that Apple infringed three Qualcomm patents.  This lawsuit marked Qualcomm’s first legal victory of US jury trial over its prolonged global dispute with Apple. Comparing to the figure of about $265 […]

This past weekend, Deutsche Bank and Commerzbank announced that they had begun talks for a possible merger of Germany’s two largest financial institutions. Marked by several years of disappointing revenue, the two firms hope a consolidation effort might give them the edge they need to compete with the likes of Goldman Sachs, JP Morgan Chase, […]

Amazon raked in $11.2 billion in profit last year, about double its 2017 profits of $5.6 billion. However, instead of paying a 21% income tax rate on its U.S. earnings, Amazon reported a $129 million federal tax rebate for 2018. This represents the second year in a row that Amazon paid zero federal income taxes […]

The majority of Americans don’t know that they possess a variety of rights while they sit on an airplane, let alone a more robust bundle of rights that they possess at essentially every step of the air travel process. In fact, 92% of Americans have no clue what their rights are or entail. From the […]

In recent years, Amazon has developed and widely marketed its facial recognition technology. This new invention has made it quicker and more convenient for organizations that use the technology to identify individuals. Many police departments and federal agencies across the country have already begun to use the service. Although this new technology has the ability […]