Rivian agrees to settle shareholder lawsuit for $250 million

Rivian has agreed to settle a 2022 shareholder lawsuit. The automaker will pay out $250 million to qualifying investors if the agreement is approved. The lawsuit stemmed from alleged deception surrounding a March 2022 price hike for the R1S SUV and R1T truck. The class-action lawsuit alleges that Rivian misled investors around the time of … Read more

Netflix reportedly shutters studio behind Squid Game mobile spinoff

Netflix is reportedly closing its Boss Fight Entertainment game development studio, according to various LinkedIn posts by staffers. The streaming giant bought the company back in 2022 and it has been responsible for games like Squid Game: Unleashed and the interactive narrative Netflix Stories. This is relatively surprising, as Squid Game: Unleashed was something of … Read more

Amazon says automation bug caused massive AWS outage

Amazon has published a lengthy report about the outage that knocked numerous websites, services, apps and games offline on October 20. It all started with a bug in its automation software DynamoDB, where its AWS customers store their data, which then triggered more issues in its other systems that relied on the software.  As Amazon … Read more

Meta lawyers tried to block internal research showing teen harm, judge rules

A federal court ruled that Facebook parent Meta can’t use attorney-client privilege to block internal documents and research related to teen harm, Bloomberg Law reported. The decision is a setback to Meta in its lawsuits against multiple states that accused the company of making its platforms addictive despite knowing they were harmful to teenagers.  Judge … Read more

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