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Google Burns Cash With Spiraling AI Costs 0
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- July 23, 2026
Google parent company Alphabet has seen its business continue to grow in recent months, but rising spending on artificial intelligence (AI) infrastructure has put excess cash into negative territory. The company’s free cash flow, the cash it held after paying for operations and investments, hit negative $5.9bn (£4.3bn) for the first time in at least
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Russians turn to cash, adding pressure on slowing wartime economy 0
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- July 19, 2026
Cracking down on the shadow economy has become a key goal for the Kremlin. Before the VAT increase came into force, Putin warned that the new rules should not leave companies in the shadows and called for a “radical reduction in illegal employment.” “One arm of the government is trying to squeeze as much money
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Block reaches $45 million settlement with 46 states over Cash App fraud investigation | TechCrunch 0
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- July 9, 2026
Block has agreed to pay $45 million to settle lawsuits brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud. State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection. Block denied
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GameStop’s CEO Unleashed a Flood of Memes With His eBay Offer 0
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- May 4, 2026
How do you celebrate a memestock trying to buy a company four times its size? You make memes, of course. On Sunday, GameStop’s CEO, Ryan Cohen, made an unsolicited offer to buy internet retailer eBay for about $56 billion. GameStop has a market cap of about $11 billion, compared with eBay’s $46 billion. “EBay should
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