Category Archives: Business News – ABC Audio
Epic Games agrees to pay $520 million over FTC investigation into Fortnite privacy violations
BARTOSZ SIEDLIK/AFP via Getty Images(NEW YORK) -- Epic Games, the creator of Fortnite, agreed to pay about $520 million over allegations that it violated children's privacy laws and used misleading ga...
Dec 19, 2022
Twitter users tell Elon Musk to step down after CEO asks in poll
DKart/Getty Images(NEW YORK) -- The results are in: Twitter users told CEO Elon Musk he should step down. Musk polled Twitter users Sunday night on whether he should step down as head of the social me...
Dec 19, 2022
Sam Bankman-Fried, former FTX CEO, expected to waive extradition from Bahamas: Sources
ABC News(NEW YORK) -- Sam Bankman-Fried, who is facing charges in the United States following the collapse of his cryptocurrency company, FTX, is prepared to waive extradition from the Bahamas during ...
Dec 18, 2022
Elon Musk’s Twitter sparks backlash from lawmakers, pundits over suspension of journalists
Constanza Hevia/AFP via Getty Images(NEW YORK) -- Elon Musk prompted backlash from lawmakers and figures across the political spectrum overnight in response to Twitter suspending the accounts of more ...
Dec 16, 2022
TikTok pushes harmful content to teens every 39 seconds, new report claims
NurPhoto via Getty Images(NEW YORK) -- A new NGO report released Thursday claims TikTok's algorithm targets "vulnerable teens" and recommends "harmful" content to them, sometimes as rapidly as every 2...
Dec 16, 2022
Why the stock market has fallen in December, and what it means going forward
Matteo Colombo/Getty Images(NEW YORK) -- A devastating year for the stock market is hurtling toward its end, but not before December delivers a final verdict for investors. After rallying in October a...
Dec 15, 2022
New York jury to decide brew-haha over definition of beer
Mint Images/Getty Images(NEW YORK) -- A federal judge in New York has decided it's best to let a jury define what beer actually is. The judge denied a request for summary judgment from Modelo, which i...
Dec 15, 2022
Social media stock influencers accused of $114M 'pump and dump' scheme
David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- "We're going to keep growing and making a lot of money," social media influencer Zack Morris said during a Dec. 11 recording on Twitter. "I ne...
Dec 14, 2022
Federal Reserve approves 0.5% hike, slowing rate increases
Murat Taner/Getty Images(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an...
Dec 14, 2022
Senators slam FTX, Sam Bankman-Fried and back crypto regulation
MARIO DUNCANSON/AFP via Getty Images(WASHINGTON) -- Senators across both major parties on Wednesday sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while ...
Dec 14, 2022
