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Entrepreneur Marc Lore has already sold two companies for billions of dollars, collectively. Now he plans to take his food delivery and take-out business Wonder public in a couple of years at an ambitious $40 billion valuation. We talked with Lore in person in New York recently about Wonder and its ultimate aim of making […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/6k2x7IL via IFTTT

Cynthia Erivo and Ariana Grande as Elphaba and Glinda in Universal's "Wicked." Giles Keyte/Universal Pictures Jon M. Chu's "Wicked" premiered in theaters on November 22. "Wicked" topped the domestic box office with an estimated $114 million. The film has earned an estimated $164.2 million worldwide so far. "Wicked" is soaring at the box office. Universal Pictures' highly anticipated — and heavily promoted — film topped the domestic box office with an estimated $114 million in ticket sales during its opening weekend. It also earned an estimated $50.2 million in the international market. Director Jon M. Chu's "Wicked" is a prequel to "The Wizard of Oz" and invites audiences to learn how the Wicked Witch of the West came to be. The star-studded cast includes Cynthia Erivo, Ariana Grande, Jeff Goldblum, Michelle Yeoh, Jonathan Bailey, and several other actors who bring the magical realm to the silver s...

It’s not exactly a secret that Apple has explored the possibility of building a television. Before his death in 2011, co-founder Steve Jobs famously told biographer Walter Isaacson that he’d “finally cracked it,” but no full-fledged Apple TV (as opposed to the Apple TV set-top box) has emerged in the years since. Bloomberg’s Mark Gurman […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/3OjP5Qa via IFTTT

The FTC is investigating Microsoft for anticompetitive practices. NurPhoto/Getty Images Microsoft's deals with the government may have breached antitrust laws, ProPublica reported. In 2021, Microsoft pledged $150 billion to the government over five years to upgrade its security. The deal included licensing agreements that may deter customers from switching to competitors. Lina Khan, chair of the Federal Trade Commission, said her agency plans to investigate Microsoft for anticompetitive practices in the cloud market. A recent  report from ProPublica found that the government itself might also have been a target of those anticompetitive practices. In the summer of 2021 — a little more than a year after news broke that the SolarWinds hack breached several government agencies — Microsoft pledged to give the government $150 billion over the coming five years to upgrade its digital security. Typically, the federal government needs to obtain services through a competi...

President-elect Donald Trump nominated hedge fund manager Scott Bessent for Treasury secretary despite Elon Musk's public support for Cantor Fitzgerald CEO Howard Lutnick. Brandon Bell/Pool via AP Elon Musk has become one of Donald Trump's strongest political allies. Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. Trump ultimately went with hedge fund manager Scott Bessent, however. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. From meetings at Mar-a-Lago in Florida to a weekend UFC match in New York, Musk has been a mainstay of Trump's political orbit in recent months. The Tesla CEO spent at least $119 million supporting the president-elect's 2024 campaign. Musk is poised to be a high-profile player in Trump's second term. He's expected to serve as a co-lead of the forthcoming Department of Government Efficiency ...

Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Bloomberg reports that Tesla told a California statement judge that the companies have reached a “conditional” settlement, and that it expects to seek dismissal of the lawsuit by December 24. Tesla filed the suit, which […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/OnqgVoM via IFTTT

Microsoft CEO Satya Nadella discussed the company's security challenges in a recent interview. Microsoft Microsoft CEO Satya Nadella called for a culture change amid the company's security challenges. The company has contended with the global CrowdStrike outage and vulnerability to Chinese hacks. Microsoft has accepted responsibility for security flaws, acknowledging breaches by hackers. Microsoft, the world's largest software maker, doesn't have the best track record regarding security. Microsoft CEO Satya Nadella says the company needs to change that. "That's what will be culture change," he said in a recent Wired interview. Microsoft has faced a series of high-profile cybersecurity challenges over the past year. In July, the company was at the center of a global IT outage caused by a faulty update from cybersecurity firm CrowdStrike . In March, a report from the US Department of Homeland Security flagged Microsoft's security systems as...