Susan Wojcicki, a pioneering tech executive who helped shape Google and YouTube, has died, her husband said. She was 56.

Wojcicki played a key role in Google’s creation and served nine years as YouTube’s CEO, stepping down last year to focus on her “family, health, and personal projects I’m passionate about,” she said at the time.

cross-posted from: https://lemmy.world/post/18478191

Paramount Global will cut 2,000 employees, 15% of its U.S. workforce, in the next few weeks, ahead of its planned merger with Skydance.

Paramount has reduced the book value of its cable channels by $6 billion.

Sports, broadcast TV and $1 billion in digital commitments paced Paramount Global's overall upfront ad performance, Co-CEO Chris McCarthy said.

Was Intel hiding its big problems all along?

The app problems are having a ripple effect within Sonos. In addition to the remediation that will cost Sonos up to $30 million, the company is also delaying two hardware releases.

Spence said:

>The app situation has become a headwind to existing product sales, and we believe our focus needs to be addressing the app ahead of everything else. This means delaying the two major new product releases we had planned for Q4 until our app experience meets the level of quality that we, our customers, and our partners expect from Sonos.

Sonos didn't specify the devices affected, but Sonos has been rumored to be planning a new flagship soundbar to succeed the Arc.

With these delays in mind, Sonos expects $240 to $260 million in fiscal Q4 revenue, compared to $397.1 million in fiscal Q3 2024 and $305.1 million in fiscal Q4 2023.

cross-posted from: https://lemmy.world/post/18438141

A Tennessee law firm paid people with disabilities $200 to visit targeted businesses, then sent demand letters threatening to sue if the property owner.

Warner Bros. Discovery in its earnings says its TV assets are worth $9 billion less than it had assessed, because of weak advertising and the NBA.

Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost-efficient versions — a sign of just how much the company could use the $5 billion it could get as part of a recently announced deal with Volkswagen Group.

The company announced Tuesday that it lost $1.46 billion in the second quarter of 2024, up from a first-quarter loss of $1.45 billion. The loss was nearly $300 million worse than the second quarter last year.

Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its second-quarter earnings report that an affiliate of the Saudi sovereign wealth fund is committing another $1.5 billion, with half coming in the form of a private placement and the other half as a loan facility.