Elon Musk, not for the first time in his life, seemingly broke the internet last week with his offer to buy Twitter in a nearly $44 billion bid. In early April 2022, Elon Musk purchased 73,486,938 shares of Twitter’s stock, valued at $2.89 million, making him the largest shareholder of the social media company at […]
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What Are NFTs and How Do They Work? Understanding Non-Fungible Tokens
NFTs, or non-fungible tokens, are digital assets that represent something in the real world, like art, music, or collectibles. Non-fungible, aka unique, means each NFT is one-of-a-kind and can’t be easily replaced with another NFT or another form of internet currency, unlike cryptocurrencies, such as bitcoin or dogecoin. NFTs are something like virtual trading cards. […]
Grubhub Gives Its European Owner Indigestion and Options
Despite Amsterdam-based Just Eat Takeaway.com’s hopeful acquisition of Grubhub in June, many investors are beginning to think that the transaction may have been a mistake. This past week, The Wall Street Journal covered an earnings report released by Just Eat Takeaway.com, which revealed that orders increased by 14% globally in Q4 of 2021 compared to […]
Uber Eats Withheld Thousands Owed to Independent NYC Restaurant
Over the course of two months, delivery giant Uber Eats refused to pay their restaurant partner Wings Factory order proceeds totaling over $11,000. The issue? An unpaid bill of $498.97 from the Internal Revenue Service (IRS). As a result, the IRS contacted the vendors of the Manhattan establishment, including Uber Eats and Grubhub, and placed […]
Gig Companies Prepare for 2022 as Challenges Add Up
Over the last decade, the rapid expansion of the gig economy has had a significant impact not just on the future of work, but on our digital society. Given its swift rise to meteoric growth, few have stopped to consider the possible negative impact that third-party delivery apps might have on restaurants, gig workers, and […]
AI Hits a New Milestone in Farming With John Deere’s Self-Driving Tractor
We may not have flying cars as “Back to the Future” predicted we would’ve by now, but we are at a point where self-driving vehicles are moving off the roads and into the fields. Agricultural equipment maker John Deere announced Tuesday that it developed technology to create a fully autonomous tractor. The equipment in question […]