Cinema operator AMC Entertainment Holdings has raised about $428 million from a share sale, capitalizing on the retail-trading driven surge in its stock earlier this year. The world’s largest cinema chain operator’s shares have gained more than five-folds in 2021 thanks to interest from amateur traders on Reddit that were piling into heavily shorted stocks such as …
In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg’s government amounted to illegal state support. The EU’s executive branch ordered the US online retailer in 2017 to pay around 250 million euros …
NASA’s OSIRIS-REx spacecraft on Monday began its long journey back to Earth after collecting a sample from the asteroid Bennu. The Origins, Spectral Interpretation, Resource Identification, Security, Regolith Explorer was NASA’s first spacecraft to visit an asteroid near Earth to bring back a sampling for scientists. The spacecraft reached asteroid Bennue in 2018 and spent two …
Pentagon officials are mulling ending its JEDI cloud-computing project, caught up in litigation from Amazon, the Wall Street Journal reported on Monday. Amazon, which was seen as a front-runner to win the $10 billion JEDI project that went to Microsoft in 2019, has argued the contract process reflected undue influence from former President Trump. A …
A co-chair of the Facebook Oversight Board that temporarily extended the ban against former President Donald Trump said Sunday that the social media giant’s rules governing content are in “shambles” and “not transparent” — and the company “exercises too much power.” Michael McConnell, a law professor at Stanford University, said the board agreed that Facebook …
Now you can send money to your favorite content creators on the platform, using services such as Venmo and PayPal.
In the desert just north of Las Vegas, a long white metal tube sits at the base of the mountains, promising to one day revolutionize travel. That is where Virgin Hyperloop, whose partners include Richard Branson’s Virgin Group, is developing the technology for passenger pods that will hurtle at speeds of up to 750 miles …
Will prompts make people play nicer? In an effort to become a kinder social network, Twitter is testing a function that asks users to reconsider what they share before smashing the send button. In 2020, the notoriously toxic network tested prompts encouraging users to pause and reconsider potentially mean or offensive replies before posting them. …
Blue Origin, billionaire Jeff Bezos’ rocket company, said Wednesday it is targeting July 20 for its first suborbital sightseeing trip on its New Shepard spacecraft, a landmark moment in a competition to usher in a new era of private commercial space travel. Blue Origin also said it will offer one seat on the first flight to the winning …
The Heritage Foundation has stopped accepting donations from tech giants amid an escalating battle with Silicon Valley over censorship, The Post has learned. The influential conservative think tank — which famously turned pro-Trump after initial skepticism of his presidential candidacy, brokering appointments of cabinet members including Mick Mulvaney, Jeff Sessions and Betsy DeVos — said …