DIRS.INFO The most relevant business & tech news

☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

In a text message with his producer, Alex Pfeiffer, Mr. Carlson appeared livid that viewers were turning against the network. On Nov. 7, 2020, Mr. Carlson told Mr. Pfeiffer that claims about manipulated software were “absurd.” Mr. Pfeiffer replied later that there was not enough evidence of fraud to swing the election. A video of Carlson from “Tucker Carlson Tonight.” Said publicly on Nov. 19, 2020 Carlson: “We did not dismiss any of it. It aired on the programs hosted by Mr. Dobbs, Ms. Bartiromo and Jeanine Pirro. On Feb. 5, 2021, one day after Smartmatic filed a defamation lawsuit against Fox, Fox Business canceled “Lou Dobbs Tonight.” At the time, Fox said it regularly reviewed its lineup.

☆ Paul Ryan will be deposed in Dominion's $1.6 billion defamation lawsuit against Fox News over election conspiracy theories
▼ + stars: | 2023-01-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Dominion is scheduled to depose Paul Ryan in its lawsuit against Fox News. The company alleges Fox News pushed false conspiracy theories about its role in the 2020 election. Ryan joined the Fox Corporation board of directors in 2019 after choosing not to run for re-election in the 2018 midterms. A Friday court filing also shows that Dominion is soon scheduled to depose Raj Shah, another Fox Corporation executive. Dominion deposed Fox Corporation chairman Rupert Murdoch over two days, on January 19 and 20, court records show.

☆ Wayfair Is Laying Off 1,750 Workers
▼ + stars: | 2023-01-25 | by ( Paul Berger | Sarah Nassauer | ) www.wsj.com time to read: 1 min

Wayfair aggressively added staff during the pandemic to expand its warehouse operations and customer-service teams. Wayfair Inc. is laying off about 1,750 workers, or 10% of its workforce, as the online furniture seller confronts shrinking sales after a pandemic-driven boom. Wayfair co-founder and CEO Niraj Shah in an email to staff Friday morning said the company had grown too big.

☆ Wayfair stock climbs after online retailer lays off 1,750 workers
▼ + stars: | 2023-01-20 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Wayfair 's stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to support company-wide cost reductions. Executives expect the two rounds of layoffs will save $750 million a year, according to a press release. The retailer will offer employees severance based on each individual's circumstances, such as their country, tenure and level, Shah wrote. Wayfair reported a revenue decrease of 9% year over year and a $286 million loss in the third quarter of 2022. In addition to layoffs, he added the retailer has slimmed costs in advertising, insurance policies, janitorial services and software licenses.

☆ Why corporate leaders like Mark Zuckerberg, Jack Dorsey, and Evan Spiegel are all apologizing for the massive layoffs at their companies
▼ + stars: | 2022-11-15 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +10 min

Since the pandemic, the largest tech layoffs have been at Meta, Getir, Booking.com, Twitter, Uber, Better.com., Peloton, and Groupon, Layoffs.fyi data show. Now companies in tech are reversing some of the huge hiring that they did in the past couple of years, Lee said. Mark Zuckerberg, MetaFacebook CEO Mark Zuckerberg speaks about "News Tab" at the Paley Center, in New York on October 25, 2019. In the memo he wrote: "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. Jack Dorsey, ex-CEO TwitterTwitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee in Washington, DC, in 2018.

☆ White House chief of staff Ron Klain warned after Hatch Act violation flagged by former Trump official Stephen Miller
▼ + stars: | 2022-10-27 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

White House Chief of Staff Ron Klain received a warning for violating the Hatch Act after he retweeted a political group's post from his government Twitter account. The Hatch Act prohibits government officials from using government resources for political activities. Miller was not the only member of the Trump administration to violate the Hatch Act during his time in office. Jean-Pierre herself is cautious about running afoul of the Hatch Act. She frequently reminds reporters from the White House briefing room podium that she cannot comment on political issues because of the act.

Search resuls for: "Raj Shah"

7 mentions found