Meta will have to sell Giphy after losing UK appeal

Meta will have to sell Giphy after losing UK appeal

Meta will have to unwind one of its significant acquisitions. The UK’s Competition and Markets Authority (CMA) regulator has ordered Meta to sell Giphy after it lost its battle at the Competition Appeal Tribunal. While the CMA reviewed the decision in July after the tribunal sided with Meta on one issue (sharing sensitive third-party information), … Read more

Motorola shows off its concept rollable smartphone

Motorola shows off its concept rollable smartphone

We’ve seen rollable device concepts from companies like Oppo and TCL, and LG was even working on a commercial rollable smartphone until it quit making mobile devices last year. Now, Lenovo is showing off a laptop with a rollout display, while its mobile division Motorola has a roll-out smartphone — and they look like some … Read more

Microsoft reportedly lays off hundreds of employees

Microsoft reportedly lays off hundreds of employees

Microsoft has laid off off employees across multiple divisions, according to Axios, making it the latest big player in the tech space to cut jobs in the face of an economic downturn. A spokesperson told the publication: “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We … Read more

Cadillac’s $300,000 Celestiq EV prioritizes a luxurious ride

Cadillac’s $300,000 Celestiq EV prioritizes a luxurious ride

Cadillac has finally provided more details for the Celestiq, and it’s evident the EV prioritizes luxury over raw power. The custom-built sedan is now known to include a dual-motor 600HP powertrain, all-wheel drive and a 111kWh Ultium battery pack. The combination delivers a 0-60MPH sprint in 3.8 seconds with an estimated 300-mile range. That makes … Read more

Exclusive: Amazon’s attrition costs $8 billion annually according to leaked documents. And it gets worse.

Exclusive: Amazon’s attrition costs $8 billion annually according to leaked documents. And it gets worse.

Amazon churns through workers at an astonishing rate, well above industry averages. According to a tranche of documents marked “Amazon Confidential” provided to Engadget and not previously reported on, that staggering attrition now has an associated cost. “[Worldwide] Consumer Field Operations is experiencing high levels of attrition (regretted and unregretted) across all levels, totaling an … Read more

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