GameStop is preparing a potential offer for eBay as CEO Ryan Cohen pushes an aggressive strategy to dramatically increase the struggling retailer’s market value, the Wall Street Journal reported on Friday. The report said GameStop has quietly built a stake in eBay ahead of a possible bid. Cohen could take the proposal directly to eBay […]
Zuckerberg Defends Massive AI Spending as Shares Fall
Chief executive Mark Zuckerberg has defended Meta’s aggressive investment in artificial intelligence after the company’s shares dropped more than 6 percent, even as it reported strong quarterly earnings. The social media giant raised its capital expenditure forecast to between 125 billion and 145 billion dollars for the year. The move unsettled investors who questioned how […]