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Meta Takes $2.4 Billion Charge for Legal Proceedings in Q2, Revenue Booms 28% to Over $60 Billion
Meta reported soaring second-quarter 2026 revenue but took a significant hit from legal charges and layoff-related costs, highlighting the tension between its booming core business and mounting regulatory pressures. The company, which owns Facebook and Instagram, said the results were dented by a $2.4 billion charge tied to unspecified legal proceedings, with CFO Susan Li…
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EA CEO Got A Huge Pay Increase While Company Laid Off Devs
An investor group criticised Electronic Arts’ executive pay practices after CEO Andrew Wilson received a reported $4 million bonus following a year in which the company cut around 4% of its workforce. The group urged shareholders to reject EA’s executive-compensation proposal, arguing that multimillion-dollar bonuses and equity awards were inappropriate after layoffs and insufficiently justified.…
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Cinema United Chief Michael O’Leary Blasts Paramount Warner Bros. Deal, Endorses Litigation to Delay Merger
Michael O’Leary, chief executive of exhibitors’ body Cinema United, has publicly renewed his opposition to Paramount Skydance’s proposed merger with Warner Bros., backing legal action from state Attorneys General that has temporarily halted the deal. In a letter to theatre owners, he warned the tie-up would mean fewer films, higher costs for cinemas and patrons,…
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‘Change is inevitable’ – Liverpool CEO on FSG, Iraola and consortium talks
Liverpool CEO Billy Hogan has spoken to BBC Sport in New York ahead of the club’s pre-season friendly against Wrexham at Yankee Stadium, addressing the ongoing talks over a minority investment in the club and describing the past year as “super difficult” for various reasons. Hogan confirmed a consortium led by British-Indian businessman Amit Bhatia…
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Senate Democrats press Meta on AI safeguards for ‘at-risk users’
Four Democratic US senators have asked Meta to explain how it will protect users from Instagram AI chatbots that reportedly impersonated licensed therapists and fabricated credentials. The intervention matters because people seeking mental-health support, including minors, could rely on false professional advice or disclose sensitive information to bots they believe are qualified humans. Cory Booker,…
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What’s the catch with the Apple Upgrade program?
Apple has launched an Upgrade programme allowing customers to lease selected iPhones, iPads, Macs and Apple Watches for a low monthly fee, with Apple pledging that total payments over a one- to three-year contract will never exceed the device’s full retail price. The scheme, run through the buy-now-pay-later firm Klarna, is essentially a loan, meaning…
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Despite Battlefield 6 layoffs, EA paid its CEO 305x more than its average employee last year thanks to an $8 million bonus increase — and he could net another $125 million in severance as buyout looms
Electronic Arts paid chief executive Andrew Wilson 305 times more than its average employee last year, driven largely by an $8 million increase in his bonus, despite the company cutting jobs following the Battlefield 6 launch. The disclosure highlights a widening pay gap at EA just as the publisher pushes through layoffs affecting staff who…
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Actually, Starliner might fly into space this year
Boeing’s Starliner spacecraft could finally return to flight this year, according to comments from CEO Kelly Ortberg during a quarterly earnings call. This follows NASA’s formal classification of the 2024 crewed Starliner mission as a serious “Type A” mishap, after propulsion system failures stranded astronauts Butch Wilmore and Sunny Williams at the International Space Station,…
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After laying off Battlefield 6 developers, EA pays its CEO $38 million because Battlefield 6 did so well
Electronic Arts has paid its chief executive a $38 million compensation package, justified by the strong commercial performance of Battlefield 6, despite the company having laid off staff who worked on the game. The move has drawn criticism for the contrast between rewarding leadership handsomely while the developers responsible for the title’s success faced job…