Yandex sells its Russian operations to local executives for $5.2 billion

Yandex, often described as Russia’s Google, has sold its domestic businesses at a knock-down price. Bloomberg reports the search and services giant, now headquartered in the Netherlands, has handed off its Russian operations for 475 billion rubles ($5.2 billion) in cash and shares. The new owners include the management group, as well as Russia’s biggest … Read more

Samsung chair acquitted in Korean stock manipulation case

Samsung chairman Jay Y. Lee’s legal troubles may be in the rearview mirror as a Korean court acquitted him of stock manipulation and accounting fraud charges over a 2015 merger, The Financial Times has reported. The ruling allows Lee to continue leading Samsung, which saw a sharp decline in revenue last year.  Seeking a five … Read more

The Morning After: Joe Rogan’s new Spotify deal

The Morning After: Joe Rogan’s new Spotify deal

The biggest podcast in the world makes many people furious, but it’s still the biggest podcast in the world. Now, the man behind The Joe Rogan Experience has signed another deal with Spotify, worth an estimated $250 million. The deal allows the streamer to distribute Rogan’s podcasts on additional platforms, including a video version for … Read more

Scammers use deepfakes to steal $25.6 million from a multinational firm

Bad actors keep using deepfakes for everything from impersonating celebrities to scamming people out of money. The latest instance is out of Hong Kong, where a finance worker for an undisclosed multinational company was tricked into remitting $200 million Hong Kong dollars ($25.6 million).  According to Hong Kong police, scammers contacted the employee posing as … Read more

Maliciously edited Joe Biden video can stay on Facebook, Meta’s Oversight Board says

The Oversight Board is urging Meta to update its manipulated media policy, calling the current rules “incoherent.” The admonishment comes in a closely watched decision about a misleadingly edited video of President Joe Biden. The board ultimately sided with Meta regarding its decision to not remove the clip at the center of the case. The … Read more

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