American bank, Wells Fargo, is set to retreat from the mortgage business after years of scandals that have plagued the bank’s reputation. According to Bloomberg, the company plans on pulling back its mortgage business. The decision will reduce the bank’s ties to outside mortgage firms, which helped them generate $205 billion in new home loans last year. The demand for mortgages drastically falling is another reason the mortgage giant, Wells Fargo, has decided to step away from the industry it once dominated. “Like others in the industry, we’re evaluating the size
Music platform, Shazam, has officially crowned Drake as the most searched artist of all, with over 350 million searches. According to Variety, the platform put together a list of its most searched artists to celebrate the app’s 20th birthday. Unsurprisingly, musician Drake was ranked as the most sought-after artist on Shazam’s radar. Out of all tracks in Drake’s discography, “One Dance” was one of the most searched tracks with over 17 million Shazams. Gnarls Barkley’s “Crazy” took second place as the most Shamazed song, with most people searching for the
The Black Lives Matter foundation reportedly paid £1.4million to companies owned by the co-founder’s relatives, including her brother and the father of her child, tax filings have revealed. According to tax documents filed with the IRS, the foundation started by organizers of the Black Lives Matter movement is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses. In a 63-page Form 990 shared exclusively with The Associated Press, the Black Lives Matter Global Network Foundation Inc. reports that
Back in April 2021, João Gualberto, the district mayor of Mata de São João, held an in-person auction letting Brazilian technology companies bid for a contract to supply facial recognition technology for the public school system. The $162,000 tender was won by PontoiD, and in July that year, two public schools — João Pereira Vasconcelos and Celia Goulart de Freitas — began secretly rolling out the facial recognition system, without informing parents or students in advance, according to research by Rest Of World. Students were registered on the system, which
It seems Meek Mill isn’t the only one that wants to tag team with Elon Musk in buying Twitter – Snoop Dogg has jumped on the scene and expressed his interest. Elon Musk is set to buy Twitter for $54.20 per share, which equates to approximately $44 billion, and last week we reported Meek Mill wanted a slice of the pie after the rapper tweeted: “Elon musk let us invest in Twitter with you “big homie” It doesn’t seem like Elon has responded to Meek yet but Snoop Dogg was
Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation (IFC), it was reported on Wednesday. Wale Ayeni wrote: “After 5+ thrilling years at the IFC, last week was my last. I cannot but be grateful for the years filled with purpose, joy, learning and growth working alongside extremely passionate and mission-driven colleagues focused on changing the narrative in emerging and frontier markets, with action, and through technology. “The wealth, breadth & depth of the experience was only possible by
Social media giant Meta Platforms, Inc., formerly known as Facebook, Inc., faces prosecution in South Africa for unfairly trying to block local startups from using its WhatsApp Business Application Programming Interface (API), a government agency said Monday. It comes after the country’s competition regulator, the Competition Commission, said in a statement that it has referred Meta Platforms and its subsidiaries WhatsApp Inc and Facebook South Africa to the Competition Tribunal for prosecution for abusing its market dominance. According to Anadolu Agency, the commission alleges that Facebook in July 2020 threatened to
Last year – Vishal Garg went from being the relatively unknown CEO of an online mortgage services company to being the boss who laid off 900 people on a Zoom call. The video and Garg went completely Now, the company says it will lay off another 3,000 employees, a third of its workforce. Sources familiar with internal happenings at the company told TechCrunch on Monday that the online mortgage lender Better.com was reported to be poised to lay off roughly 50% of its staff of about 8,000 this week. According to a Better.com
Xbox continues to power dreams through gaming and has announced an expansion of its sponsorship with the iconic NBA franchise, the Los Angeles Lakers. To celebrate, the Microsoft-owned video game company teamed up with philanthropist and NBA All-Star Dwight Howard to remodel part of the Boys & Girls Club of San Fernando Valley. The new state-of-the-art gaming lab features new artwork, custom purple and gold Xbox Series S consoles, gaming PCs, screens, and more to allow the club members to experience the joy of gaming and exploring their passions. A family-oriented nonprofit dedicated
You might have read the article published last year on the Silicon Valley employee who hid his disability from his employers. In an in-depth piece about his experiences, they started off by saying: “I have a learning disability, meaning that I learn differently from other people. I live and work in Silicon Valley, the natural habitat of road runners. I’ve spent my professional life as one of those worker bees who creates the widgets and doodads that make life a little easier. For the sake of this story—and my employability—let’s
