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GameStop fires CFO, shares fall

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 A person walks past a GameStop store in Manhattan, New York City, U.S., January 29, 2021. REUTERS/Carlo Allegri. July 7 (Reuters) - GameStop Corp (GME.N) announced on Thursday that it had terminated the hiring of Chief Financial Officer Michael Recupero, sending shares of the video game retailer down 8 percent in after-hours trading. Axios, which first reported the exit, also cited a memo saying it was laying off an undisclosed number of employees. GameStop did not respond to Reuters' request for comment. Shares closed up about 15% in regular trading after the company announced a 4-for-1 stock split late Wednesday. Recupero, who previously served as chief financial officer of Amazon's North American consumer business (AMZN.O), will be succeeded by chief accounting officer Diana Saadeh-Jajeh. GameStop also last year hired Amazon Australia head Matt Furlong as chief executive as part of its focus on online sales in the wake of the pandemic. Both executives were hired as chairman...

Facebook owner Meta announces new virtual reality login system

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 A participant wearing a virtual reality (VR) headset at Meta Platforms Inc. on June 16, 2022 at the Viva Technology Innovation and Startup Conference at the Porte de Versailles exhibition center in Paris, France Trying out a VR app at the booth. REUTERS/Benoit Tessier/File photo. July 7 - Meta Platforms Inc (META.O) is changing the way users log into its virtual reality headsets, returning to a previous change of opening an account from the company's flagship Facebook app device while maintaining social connections there the link to. The company will roll out new "meta accounts" starting in August, CEO Mark Zuckerberg said in a Facebook post on Thursday. The social media giant announced plans last year to drop the Facebook login requirement after a backlash from users who previously had separate accounts with Oculus, the virtual reality company Meta, then known as Facebook, acquired in 2014 with access to headsets . With a new login structure, Meta accounts control devic...

Crypto Exchange FTX Has 'Billions' to Support Industry - Bankman-Fried

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 In this undated handout image obtained by Reuters on July 5, 2022, FTX CEO Sam Bankman-Fried is photographed at an unspecified location. FTX/handout via REUTERS. July 6 (Reuters) - Sam Bankman-Fried, head of FTX, one of the largest cryptocurrency exchanges, said he and his company still have "billions" on hand to back what could further disrupt the digital asset industry Stable distressed companies, but the worst of the liquidity crisis may be over. Bankman-Fried, 30, from California but living in the Bahamas, where FTX is located, has become a white knight for cryptocurrencies in recent weeks, laying down a lifeline for the faltering digital asset platform as cryptocurrency prices tumbled. Bitcoin is down about 70% from its all-time high of nearly $69,000 in November. "We started getting more companies to approach us," Bankman-Fried said in an interview. While some smaller cryptocurrency exchanges may still fail, the companies are generally not doing badly, he sai...

Apple has released a new \"lockdown mode\" in its fight against spyware companies.

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 The Apple Inc logo hangs at the entrance to the Apple Store on Fifth Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar. July 6 (Reuters) - Apple Inc (AAPL.O) announced on Wednesday that it plans to release a new feature this fall called \"Lockdown Mode\" aimed at helping human rights defenders, dissidents and others. People add a new layer of protection. Sophisticated targeted hacking.. The move comes after at least two Israeli companies exploited a flaw in Apple's software to remotely hack into iPhones without the target having to tap or tap anything. NSO Group, the maker of \"Pegasus\" software that can perform such attacks, has been sued by Apple and placed on a trade blacklist by U.S. officials. Locked Mode, which will be available on Apple's iPhones, iPads and Macs this fall, will block most attachments sent to the iPhone's Messages app when turned on. Security researchers believe NSO Group exploited a vulnerability in Apple...

UK regulators probe Microsoft's $68.7 billion deal with Activision

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 In this image dated January 18, 2022, the Microsoft logo is seen on a smartphone on top of the Activision Blizzard logo displayed. Reuters/Dado Ruvic/Illustration. July 6 (Reuters) - U.K. antitrust regulators said on Wednesday they were opening up a bid by Microsoft (MSFT.O) to buy Call of Duty maker Activision Blizzard (ATVI.O) for $68.7 billion investigation. Britain's Competition and Markets Authority (CMA) said it had until September 1 to make a first-stage decision on whether a deal between the US tech firm and video game maker Activision would reduce competition in the UK. Lisa Tanzi, Microsoft's corporate vice president and general counsel, said in an interview with Reuters: \"We are committed to answering the questions raised by regulators and ultimately believe that a thorough scrutiny will help close the deal with broad confidence and have an impact on competition. Positive impact.\" emailed statement. \"We anticipate and believe it is appropriate for ...

Crypto Lender Voyager Digital Bankruptcy Files

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 Voyager Digital Ltd. CEO and co-founder Stephen Ehrlich speaks at the Piper Sandler Global Exchange and Fintech Conference on June 8, 2022 in New York City, USA. REUTERS/Brendan McDermid. July 6 — U.S. cryptocurrency lender Voyager Digital (VOYG.TO) announced on Wednesday that it has filed for bankruptcy, becoming another victim of a price drop that has rocked the cryptocurrency industry. Cryptocurrency lenders like Voyager have thrived during the COVID-19 pandemic, attracting savers with high interest rates and easy access to credit rarely offered by traditional banks. However, the recent plunge in crypto markets — sparked by the demise of two major tokens in May — has hurt lenders. New Jersey-based Celsius froze withdrawals in June and hired advisers who could file for bankruptcy protection. Voyager froze withdrawals this month, as did Singapore-based Vault, another bank. Last week, Voyager announced that it had issued a formal notice of default to Singapore-based crypto hedge f...

Facebook asks U.S. court for old FTC merger documents in antitrust dispute

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 In this photo illustration, the Facebook logo is viewed on a smartphone. REUTERS/Dadoruvic. WASHINGTON, July 6 (Reuters) - Metas Facebook has asked a U.S. court for eight documents prepared by the U.S. Federal Trade Commission as part of its review of the company’s purchases of Instagram and WhatsApp, which the agency continues to make. . The request was filed late Tuesday and was filed by the FTC, asking the court to quash the two deals. Facebook bought Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014. The FTC sued Metas Facebook in 2020 during the Trump administration, accusing the company of unlawful conduct to maintain its social network monopoly. Facebook is battling the lawsuit and wants the material to be part of that fight. \"It is almost certain that both Instagram and WhatsApp filings indicate that the FTC has determined that each acquisition is unlikely to reduce competition or harm consumers,\" Facebook said in its filing. The company argued ...