PayPal Slashes CEO Dan Schulman’s Pay 32% to $22 Million
PayPal Holdings Inc. cut outgoing Chief Executive Officer Dan Schulman’s pay by 32% for last year after failing to meet its financial targets.
Bloomberg Tech
Twitter Launches Way for Users to Charge for Access to Their Content
Twitter is allowing users to charge for access to their content, “from longform text to hours-long video,” owner Elon Musk said in a post on the site Thursday.
Risk of Chinese Economic Blockade Has Taiwan Preparing Response
Taiwan is working with friendly nations on how to respond to a possible economic blockade by China, a scenario that appears more likely than a direct military attack on the island, according to a senior Taiwanese diplomat.
Walmart Sells Bonobos, Gets $235 Million Less Than What It Paid
Walmart Inc. agreed to sell its Bonobos menswear line to WHP Global and Express Inc. for $75 million — $235 million less than what the retail giant paid for the business in 2017.
San Francisco Bob Lee Murder Leads to Acquaintance’s Arrest
Police announced an arrest in last week’s San Francisco slaying of Bob Lee, chief product officer of crypto startup MobileCoin Inc., and the alleged killer is a fellow technology entrepreneur who knew Lee.
Stocks Gain as Data Anchor Bets Peak Rates Is Near: Markets Wrap
US equities traded higher Thursday, as the latest readings on jobs and factory-gate inflation were slightly softer than expected, a boost for those hoping the Federal Reserve may be approaching the end point of an era of aggressive interest rate hikes.
US Arrests 21-Year-Old National Guardsman in Classified Documents Leak
The FBI arrested a 21-year-old Air National Guardsman in connection with the leak of highly classified documents including maps, intelligence updates and the assessment of Russia’s war in Ukraine.
US Seeks to Avoid Duplicating Efforts on Chips With Partners
The US is hard at work with partners and allies to streamline global supply chains for semiconductors and restore its leading edge in chip technology, according to a top official overseeing the efforts.
Crypto’s Ethereum Network Completes Key Software Upgrade Without a Hitch
Ether rallied past $2,000 for the first time since August after a widely anticipated software upgrade to the most commercially important blockchain went according to plan, and as worries of initial rapid outflows proved unfounded.
Goldman Banker Quits to Join Biden’s Made-in-USA Chips Push
The Biden administration has lured away a Goldman Sachs Group Inc. banker to help build a program that will act as a quasi-investment firm to ramp up US semiconductor production amid a growing feud with China over technology leadership and security.