Companies & Markets

Microsoft Layoffs: Insane M&A Frenzy Leads To Next Jobs Crisis

by Wolf Richter •  • 3 Comments

35,000 M&A deals will likely be made this year, promising “efficiencies” and “synergies,” hence job cuts. So Microsoft, which bought Nokia’s handset unit, is planning the largest in its history…. The M&A frenzy of 2007/8 was followed by the Great Jobs Crisis!

GoPro Tanks: Who Knew What?

by Wolf Richter •  • 4 Comments

Wearable camera-gadget maker GoPro doubled in the days after its IPO. The media went gaga. But last week, it began to tank, just before Barron’s calamitous article.

Gotham City Takes Down Spanish Joker

by Don Quijones •  • Comments Off on Gotham City Takes Down Spanish Joker

Gowex was one of the most recommended stocks in Spain, including among the biggest banks. But under attack by a short-seller, it jumped from denial to confession and collapse in five short days, exposing just how well Spain’s regulators function.

‘It’s Like We Have Developed An Inability To Even See Risks’

by Wolf Richter •  • Comments Off on ‘It’s Like We Have Developed An Inability To Even See Risks’

My convo with a wealth manager at a megabank who’s been at it for 30 years, has seen three crashes while on the job, but unlike others in finance, hasn’t re-forgotten the lessons for the third time.

Google Glass Hacked, Can Record Everything You Stare At

by Wolf Richter •  • Comments Off on Google Glass Hacked, Can Record Everything You Stare At

You don’t need to break a code; you don’t need to capture a server. “Hardcore hackers wouldn’t even bother with it,” says one of the hackers. “They’d find access too easy.”