US Business

Founder Jeffrey Katzenberg and Chief Executive Meg Whitman decided to shut down the company in an effort to return as much capital to investors as possible instead of trying to prolong the life of the company and risk losing more money.

The electric-car maker revived a pre-pandemic target to build at least 500,000 vehicles this year.

The U.S. government needs to show how Google’s alleged conduct is harmful even as it gives away its services, experts say. Google likely will need to explain why it has paid billions to ensure its search engine is the default on mobile phones.

The settlement, which includes guilty pleas, helps clear the way for the bankrupt OxyContin maker to pay cities and states that accuse it of fueling the opioid crisis.

Google, facing a U.S. antitrust lawsuit, is a major player in many businesses and minor in others. Here’s a look at its footprint in several areas.

Snap Chief Executive Evan Spiegel said he was pleased with the company’s growth and will continue long-term investments on things including augmented reality for its app.

Netflix added 2.2 million subscribers in the quarter on a net basis, short of its forecast in July of 2.5 million new subscriptions for the period.

The Justice Department’s antitrust lawsuit claims that the Alphabet unit misused its power in an anticompetitive manner, potentially threatening a major revenue stream for both tech giants.

CEO Dara Khosrowshahi said the ride-hailing operator is “looking at all our options” if voters in the state reject an effort by Uber and other companies to secure an exemption from a law reclassifying drivers as employees.

Building on the attitude shift spurred by #MeToo, employees demand exit agreements permit them to speak out about their alleged discrimination, and companies reconsider confidentiality restrictions.