A third of people who complain about debt-collectors who break the law say they don't even owe the money under discussion. Of the victims who complained to the Consumer Financial Protection Bureau about being hounded for money they don't owe, two thirds say they never owed it, and a third say they had already paid it off. Debt-collectors call wrong numbers or hassle people with names similar to those of debtors. They call them at work and at home, and use threats and obscene language when they're told they've got the wrong person. One offender, CashCall Inc, is being sued over its practices, and was separately ordered to refund $14M in debts it collected through fraudulent robo-signing.
Amazon is expected to lay off about 10,000 employees this week, mostly in technology roles. They'll be the biggest job losses in the company's history and reflect the tech sector's downturn; Microsoft made similar cuts last week. The holiday shopping season is critical for Amazon, and usually, one where the company has increased its headcount… READ THE REST
After a day filled with fake but verified brands pouring funny, obscene, profane nonsense onto Twitter—and verified Nazis, too!—the $8 bluecheck sale is already being "paused." Sofia Pitt: The quick suspension of the service suggests that, at least currently, CEO Elon Musk's big plan to generate new revenue from users isn't working as expected. The… READ THE REST
Rumored for weeks and coinciding with Twitter's own downsizing, Meta is expected to lay off thousands of workers today. The company, which has lost nearly three quarters of its market capitalization in recent months, is among those hardest-hit by the tech downturn—a malaise seemingly compounded by its expensive pivot to VR. Zuckerberg appeared downcast in… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. This year, instead of giving to others, it's time to think of yourself. You can't be reliant on your goodwill alone to feel fulfilled, and cash can usually fill that void… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Everyone needs a reliable machine for work, pleasure, or whatever else they do on their computer (your business, not ours.) However, with the holidays around the corner, we know cash is tight, and… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. If you're one of the millions of people who didn't win a Powerball, let us be the first to send our condolences. If you're anything like the rest of us, there's… READ THE REST