August 2023

Tesla investors might get payout from SEC settlement

August 25, 2023
Tesla shareholders who claimed to face financial losses after CEO Elon Musk tweeted about taking the company private might be on the verge of receiving compensation from a $42.3 million fund established as part of Musk’s federal securities fraud settlement. The United States Securities and Exchange Commission said 3,350 eligible claimants will share in the […]

Powell’s Jackson Hole Bombshell! Markets on Edge

August 25, 2023
Every year, financial markets eagerly anticipate the annual symposium at Jackson Hole, where central bankers and policymakers convene to discuss the current state of the economy and monetary policy. This…

Uber, squeezed by insurance, increases minimum age for new drivers in California

August 25, 2023
Uber has raised the minimum age requirement for new rides-hailing drivers in California to 25 years old due to what it described as “baselessly higher” commercial insurance costs in the state. The new policy will only apply to new drivers planning to use the rideshare platform. Those who plan to use the app to make […]

YouTube demystifies the Shorts algorithm, views and answers other creator questions

August 25, 2023
YouTube this week put out a new video meant to address creators’ questions over its short-form video platform, YouTube Shorts. The questions it answered ranged from how the algorithm for Shorts differs from long-form YouTube to what counts as a view as well as those that addressed other best practices for creators who want to […]

Dropbox drops unlimited storage, blames crypto miners and resellers for the change

August 25, 2023
Dropbox is ending its unlimited option because some customers were using it for purposes like crypto mining, pooling storage for personal use cases and even reselling storage. The company’s highest-tier “all the space you need” storage plan will now be capped. With this new change, customers who purchase a Dropbox Advanced plan with three active […]