business
Why is gaming giant Roblox losing tens of billions in market value?
Roblox isn’t getting the high financial scores that it used to, as the popular gaming platform has lost approximately $70 billion US in market value over the last year. The company says the steep drop-off is partly because of changes in the games its users play and growing pains as it attempts to attract older […]
Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years
Canada added 75,000 jobs in July, up 0.4 per cent, as the unemployment fell to 6.4 per cent, its lowest level in two years. Source link
Backlash to OpenAI luxury retreat highlights influencers' uncertain relationship with AI
OpenAI, the tech giant behind ChatGPT, hosted an all-expenses-paid gathering of content creators to promote its new AI workplace tools. The backlash from followers was fierce and experts say it may just force the influencer marketing economy to figure out where it stands on artificial intelligence. Source link
WestJet cabin crew union reveals details of tentative deal following strike
The union representing WestJet cabin crew has shared details of the tentative deal reached with the Calgary-based airline this week after a one-day strike. Source link
Montreal-based Goodfood seeks creditor protection while looking for buyer
The Montreal-based company asked the Quebec Superior Court to authorize a formal sale and investment solicitation process under the Companies’ Creditors Arrangement Act (CCAA). The company intends to continue operating while looking for a buyer or new capital. Source link
What we know about ongoing Coldcard hack that's stolen over $100M worth of bitcoin
A Toronto-based company that made Coldcard, a bitcoin-only hardware wallet that has been the latest target of a data breach, has reportedly lost $100 million US worth of bitcoin as a result of the hack. Source link
WestJet cancels 81 flights ahead of Sunday strike deadline
WestJet announced early Saturday morning that 81 of the day’s scheduled flights have been scrubbed ahead of the stike deadling on Sunday. Source link
WestJet to begin parking planes ahead of possible strike
WestJet says it’s still bargaining with flight attendants in hopes of a deal, but the company is beginning to keep planes on the ground as a “necessary measure” to protect travellers and their operations. Source link
First 7-Eleven, now Zabka: Canadian convenience giant Alimentation Couche-Tard eyes takeover of Polish rival
The Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it made an offer valued at more than $12 billion to buy Polish convenience store operator Zabka Group. The play comes after Alimentation Couche-Tard tried, but failed, to buy the parent company of 7-Eleven for more than a year. Source link