obuaki Kobayashi, the trustee for the Mt. Gox bankruptcy, has announced that the deadline for repayment selection and registration of payee information for its creditors has been moved from Jan. 10 to Mar. 10. According to Kobayashi, the change was made due to “various circumstances such as the progress by rehabilitation creditors in respect of Read more about Mt. Gox creditors now have until March to register for payouts[…]

The vast majority of companies taking part in the world’s largest trial of a four-day week have opted to continue with the new working pattern, in a result hailed as evidence that it could work across the UK economy. Of the 61 companies that entered the six-month trial, 56 have extended the four-day week, including Read more about Four-day week: ‘major breakthrough’ as most UK firms in trial extend changes[…]

Merchants on Amazon Marketplace are paying the company a commission fee of more than 50% of each sale. A new report by Marketplace Pulse revealed Amazon raised the total cost sellers are required to pay out toward storage fees at company warehouses, packaging and delivery, and advertising on the site. The commission fee has gradually Read more about Amazon Is Pocketing Half of Retailers’ Sales[…]

Now that Microsoft has launched its Teams Premium service, it’s shaking up the free offering for work — and not everyone will be happy. The company is retiring the existing Teams Free version for small business in favor of the similarly-titled Teams (free) on April 12th, and legacy data won’t carry over. Your office will Read more about Microsoft will wipe free Teams business users’ data if they don’t upgrade to a paid tier[…]

We recently wrote about Cory Doctorow’s great article on how the “enshittification” of social media (mainly Facebook and Twitter) was helping to lower the “switching costs” for people to try something new. In something of a follow up-piece on his Pluralistic site, Doctorow explores the process through which basically all large companies eventually hit the Read more about How The Friedman Doctrine Leads To The Enshittification Of All Things[…]

[…] Customers have been reporting steep price increases across a number of items from Royal Canin – with one saying her food had increased by £15 for a 10kg bag in less than a year. Zooplus, an online pet food seller that stocks Royal Canin – among other brands – said it did not want Read more about Pet food retailer Zooplus hits out at Royal Canin’s ‘excessive’ price increases – and offers customers 10% off its competitors[…]

Moderna is considering raising the price of its COVID-19 vaccine by over 400 percent—from $26 per dose to between $110 and $130 per dose—according to a report by The Wall Street Journal. Ars has reached out to Moderna for comment but has not yet received a response. The plan, if realized, would match the previously Read more about Moderna CEO: 400% price hike on COVID vaccine “consistent with the value”, Pfizer-BioNTech thinks so too[…]

In a far-reaching move that could raise wages and increase competition among businesses, the Federal Trade Commission on Thursday unveiled a rule that would block companies from limiting their employees’ ability to work for a rival. From a report: The proposed rule would ban provisions of labor contracts known as noncompete agreements, which prevent workers Read more about US Moves To Bar Noncompete Agreements in Labor Contracts[…]

The law affects every company with more than 15 employees looking to fill a job that could be performed from the state of California. It covers hourly and temporary work, all the way up to openings for highly paid technology executives. That means it’s now possible to know the salaries top tech companies pay their Read more about Californian law forces salary disclosure for companies > 15 people – fair and inclusive[…]

[…] Months of reporting tied to lawsuits filed by Hertz renters falsely accused of theft should now come to a halt. Maybe. Here’s the company’s statement on the multi-million dollar settlement, which doesn’t say much about Hertz’s culpability, nor any plans it has in place to prevent something that has only occurred with this rental Read more about Hertz Shells Out $168 Million To Settle 364 False Theft Reports[…]

U.S. prosecutors on Wednesday said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million from by using Twitter and Discord to manipulate stocks. The eight men allegedly purported to be successful traders on the social media platforms and then engaged in a so-called “pump and dump” scheme by Read more about U.S. authorities charge 8 social media influencers in pump and dump plan[…]

Polestar is delivering a not-so-subtle snub to Mercedes’ subscription performance upgrade. The automaker has released an update that gives the Polestar 2’s long range dual motor variant a 68HP power boost (plus 15lb. ft. of torque) in the US and Canada for a one-time $1,195 fee. That’s far from a trivial expense, but it’s a Read more about Polestar 2 gets a 68HP power boost through a paid update, no subscription required – but you are still charged twice what you already bought[…]

It’s a lesson that apparently keeps needing to be re-learned over and over again: for far too many types of digital purchases, you simply don’t own the thing you bought. The arena for this perma-lesson are varied: movies, books, music. And, of course, video games. The earliest lesson in that space may have been when Read more about Square Enix paid mobile games To Be Completely Disappeared With Studio Shutdown[…]

Kevin Mazur via Getty Images Ticketmaster’s chaotic handling of Taylor Swift’s tour ticket sales has brought the company under increased scrutiny, including from lawmakers. Sens. Amy Klobuchar (D-MN) and Mike Lee (R-UT), the chair and ranking member of the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, have announced a hearing to gather Read more about Ticketmaster’s Taylor Swift fiasco sparks Senate antitrust hearing[…]

Nepali workers hired to pick fruit on British farms say they have been left thousands of pounds in debt after being sent home only weeks after they arrived. The fruit pickers were recruited under the government’s seasonal worker scheme and say they were offered work for six months. But less than two months after arriving, Read more about AG Recruitment hires Seasonal workers, makes them pay a year’s salary on flights, then dumps them after 2 months leaving them hugely in debt[…]

The Federal Trade Commission issued a statement today that restores the agency’s policy of rigorously enforcing the federal ban on unfair methods of competition. Congress gave the FTC the unique authority to identify and police against these practices, beyond what the other antitrust statutes cover. But in recent years the agency has not always carried Read more about FTC Restores Rigorous Enforcement of Law Banning Unfair Methods of Competition, Might give them some teeth against mono/duopolists[…]

A new antitrust class-action lawsuit accuses Apple Inc. and Amazon.com of colluding to raise the price of iPhones and iPads, […] The lawsuit, filed in the U.S. District Court for the Western District of Washington accuses Apple and Amazon of seeking to eliminate third-party Apple resellers on Amazon Marketplace in a scheme to stifle competition, Read more about Antitrust Lawsuit Says Apple and Amazon Colluded to Raise iPhone, iPad Prices[…]

A former Apple employee has pled guilty to defrauding the company out of over $17 million. Dhirendra Prasad, who spent most of his decade at Apple working as a buyer in the Global Service Supply Chain department, admitted to “taking kickbacks, inflating invoices, stealing parts and causing Apple to pay for items and services never Read more about Former Apple employee admits to defrauding the company out of $17 million[…]