Hackers drain nearly $200 million from crypto firm Nomad

Billions of dollars in value have been wiped out of the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Credit and trading companies are facing a liquidity crisis and many companies have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers siphoned off nearly $200 million in … Read more

Pinterest (PINS) Q2 2022 Earnings

A woman walks past a sign at Pinterest’s headquarters in San Francisco’s South of Market neighborhood. Smith Museum | Gadó | Archive images | Getty Images Pinterest shares rose on better-than-expected user numbers, even as revenue and earnings missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott Management separately … Read more

Amazon introduces same-day shipping for some retail brands

An Amazon clerk pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Amazon said Monday it is adding a handful of retail brands to same-day delivery for Prime members. For starters, Amazon offers same-day delivery from apparel brands PacSun, Diesel … Read more

Steam, Epic, Ubisoft and Nintendo are blocked by the Indonesian government

Over the weekend, the Indonesian government began the task of blocking any websites or services that had not registered as part of a new “internet control” law. It ended up being a lot, including everything from Steam to the Epic Games Store to Nintendo Online to EA and Ubisoft platforms. Indonesia’s Ministry of Communications and … Read more