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Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared Read More »

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its

Dropbox slashes 20% of global workforce, eliminating more than 500 roles Read More »

Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

Sopa Images | Lightrocket | Getty Images Super Micro’s shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence. Ernst & Young in its resignation letter said it was “unwilling to be associated with the financial

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How OpenAI CEO Sam Altman’s lobbying power tamed Washington

How OpenAI CEO Sam Altman’s lobbying power tamed Washington

The results of the presidential election will have a big impact on the economy, foreign relations and health care. But when it comes to technology, one of the most powerful people shaping regulation isn’t a candidate at all. It’s Sam Altman. Neither Republican candidate Donald Trump nor his Democratic rival, Vice President Kamala Harris, have

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AMD shares fall as forecast fails to impress despite strong AI growth

AMD shares fall as forecast fails to impress despite strong AI growth

AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024.  Ann Wang | Reuters Advanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. Here’s how the company did, compared with LSEG estimates for the quarter ending Sept. 28:

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Apple announces new and smaller Mac Mini with first redesign since 2010

Apple announces new and smaller Mac Mini with first redesign since 2010

Apple’s new Mac Mini is smaller than its predecessor. Apple Apple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller. Aside from a redesign that shrunk the case and reduced the computer’s volume in half, the main upgrade on these new computers is

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