❌

Normal view

Today β€” 9 March 2026Main stream

EA Lays Off Staff Across All Battlefield Studios Following Record-Breaking Battlefield 6 Launch

9 March 2026 at 18:00
Electronic Arts has laid off staff across multiple Battlefield studios despite Battlefield 6 being the best-selling game in the U.S. in 2025 and the "biggest launch in franchise history." According to IGN, the layoffs include workers at Criterion, Dice, Ripple Effect, and Motive Studios. From the report: Individuals are being informed that the layoffs are taking place as part of a "realignment" across the Battlefield studios, as the team continues its ongoing, live service support for Battlefield 6 following launch. All four studios will remain operational, though the layoffs seem to be impacting a variety of teams across multiple studios and offices. IGN asked EA for comment on total number and types of roles impacted, as well as for the specific reasons for the layoffs. An EA spokesperson told IGN: "We've made select changes within our Battlefield organization to better align our teams around what matters most to our community. Battlefield remains one of our biggest priorities, and we're continuing to invest in the franchise, guided by player feedback and insights from Battlefield Labs."

Read more of this story at Slashdot.

Before yesterdayMain stream

Oura Buys Gesture-Navigation Startup DoublePoint

6 March 2026 at 18:00
Smart ring maker Oura has acquired Doublepoint, a Finnish startup specializing in gesture recognition technology for wearables. Engadget reports: The Finnish startup uses smartwatches and wristbands as examples of products that benefit from its technology, but Oura will clearly be looking to incorporate it into its rings, in theory allowing you to control your connected devices with hand movements. Oura said in a press release that the deal sees it inherit an "exceptional team of AI architects and builders from Doublepoint," including Doublepoint's four founders. The newly-acquired company will remain in its native Helsinki, where it will work with Oura's international teams. It added that Doublepoint's expertise in helping devices register subtle hand movements will be key, as nobody wearing a smart ring is going to engage with gesture control if they have to thrash their hand around like a conductor.

Read more of this story at Slashdot.

Jensen Huang Says Nvidia Is Pulling Back From OpenAI and Anthropic

5 March 2026 at 09:00
An anonymous reader quotes a report from TechCrunch: At the Morgan Stanley Technology, Media and Telecom conference in downtown San Francisco Wednesday, Nvidia CEO Jensen Huang said his company's recent investments in OpenAI and Anthropic are likely to be its last in both, saying that once they go public as anticipated later this year, the opportunity to invest closes. It could be that simple. While firms sometimes pile into companies until practically the eve of their public debut in search of more upside, Nvidia is minting money selling the chips that power both companies -- it's not like it needs to goose its returns by pouring even more money into either one. Nvidia, for its part, isn't offering much more on the matter. Asked for comment earlier today following Huang's remarks, a spokesman pointed TechCrunch to a transcript from the company's fourth-quarter earnings call, where Huang said all of Nvidia's investments are "focused very squarely, strategically on expanding and deepening our ecosystem reach," a goal its earlier stakes in both companies have arguably met. Still, a few other dynamics might also explain the pullback, including the circular nature of these arrangements themselves. [...] Meanwhile, Nvidia's relationship with Anthropic has looked fraught in its own right. Just two months after Nvidia announced a $10 billion investment in November, Anthropic CEO Dario Amodei took the stage at Davos and, without naming Nvidia directly, compared the act of U.S. chip companies selling high-performance AI processors to approved Chinese customers to "selling nuclear weapons to North Korea." Ouch. [...] Where that leaves Nvidia is holding stakes in two companies that, at this particular moment, are pulling in very different directions, and potentially dragging customers and partners along for the ride. Whether Huang saw any of this coming, given Nvidia's web of partnerships, is impossible to know. But his stated reason on Wednesday for likely pulling the plug on future investments -- that the IPO window closes the door on this kind of deal -- is hard to square with how late-stage private investing actually works. What's looking more probable is that this is an exit from a situation that has gotten really complicated, really fast.

Read more of this story at Slashdot.

Accenture Acquires Ookla, Downdetector As Part of $1.2 Billion Deal

3 March 2026 at 14:00
Accenture is acquiring Downdetector parent company Ookla from Ziff Davis in a $1.2 billion deal to bolster its network analytics and visibility tools for telecoms, hyperscalers, and enterprises. "The deal, which will transfer all of Ziff Davis's Connectivity division to Accenture, includes Ookla's Speedtest, Ekahau, and RootMetrics," notes The Register reports: "Modern networks have evolved from simple infrastructure into business-critical platforms," said Accenture CEO Julie Sweet in a canned statement. "Without the ability to measure performance, organizations cannot optimize experience, revenue, or security." Ookla is meant to let them do just that. Data captured at the network and device layer are used to enhance fraud prevention in banking, smart homes monitoring, and traffic optimization in retail, Accenture said. Ookla's platform, which lets user's test their own connectivity speed, captures more than 1,000 attributes per test, and provides the foundation for those analytics, Accenture said.

Read more of this story at Slashdot.

Charter Gets FCC Permission To Buy Cox, Become Largest ISP In the US

2 March 2026 at 16:00
An anonymous reader quotes a report from Ars Technica: Charter Communications, operator of the Spectrum cable brand, has obtained Federal Communications Commission permission to buy Cox and surpass Comcast as the country's largest home Internet service provider. Charter has 29.7 million residential and business Internet customers compared to Comcast's 31.26 million. Buying Cox will give Charter another 5.9 million Internet customers. The FCC approved the deal on Friday, but the companies still need Justice Department approval and sign-offs from states including California and New York. Opponents of Charter's $34.5 billion acquisition told the FCC that eliminating Cox as an independent entity will make it easier for Charter and Comcast to raise prices. But the FCC dismissed those concerns on the grounds that Charter and Cox don't compete directly against each other in the vast majority of their territories. FCC Chairman Brendan Carr's primary demand from companies seeking to merge has been to eliminate diversity, equity, and inclusion (DEI) programs and policies. In a press release (PDF), the Carr-led FCC said that "Charter has committed to new safeguards to protect against DEI discrimination," and that Charter's network-expansion plans will bring "faster broadband and lower prices" to rural areas. The merger was approved one day after Charter sent a letter to Carr outlining its actions to end DEI. Charter offers broadband and cable service in 41 states, while Cox does so in 18 states.

Read more of this story at Slashdot.

Silicon Valley's Ideas Mocked Over Penchant for Favoring Young Entrepreneurs with 'Agency'

1 March 2026 at 00:34
In a 9,000-word expose, a writer for Harper's visited San Francisco's young entrepreneurs in September to mockingly profile "tech's new generation and the end of thinking." There's Cluely founder Roy Lee. ("His grand contribution to the world was a piece of software that told people what to do.") And the Rationalist movement's Scott Alexander, who "would probably have a very easy time starting a suicide cult..." Alexander's relationship with the AI industry is a strange one. "In theory, we think they're potentially destroying the world and are evil and we hate them," he told me. In practice, though, the entire industry is essentially an outgrowth of his blog's comment section... "Many of them were specifically thinking, I don't trust anybody else with superintelligence, so I'm going to create it and do it well." Somehow, a movement that believes AI is incredibly dangerous and needs to be pursued carefully ended up generating a breakneck artificial arms race. There's a fascinating story about teenaged founder Eric Zhu (who only recently turned 18): Clients wanted to take calls during work hours, so he would speak to them from his school bathroom. "I convinced my counselor that I had prostate issues... I would buy hall passes from drug dealers to get out of class, to have business meetings." Soon he was taking Zoom calls with a U.S. senator to discuss tech regulation... Next, he built his own venture-capital fund, managing $20 million. At one point cops raided the bathroom looking for drug dealers while Eric was busy talking with an investor. Eventually, the school got sick of Eric's misuse of the facilities and kicked him out. He moved to San Francisco. Eric made all of this sound incredibly easy. You hang out in some Discord servers, make a few connections with the right people; next thing you know, you're a millionaire... Eric didn't think there was anything particularly special about himself. Why did he, unlike any of his classmates, start a $20 million VC fund? "I think I was just bored. Honestly, I was really bored." Did he think anyone could do what he did? "Yeah, I think anyone genuinely can." The article concludes Silicon Valley's investors are rewarding young people with "agency". Although "As far as I could tell, being a highly agentic individual had less to do with actually doing things and more to do with constantly chasing attention online." Like X.com user Donald Boat, who successfully baited Sam Altman into buying him a gaming PC in "a brutally simplified miniature of the entire VC economy." (After which "People were giving him stuff for no reason except that Altman had already done it, and they didn't want to be left out of the trend.") Shortly before I arrived at the Cheesecake Factory, [Donald Boat] texted to let me know that he'd been drinking all day, so when I met him I thought he was irretrievably wasted. In fact, it turned out, he was just like that all the time... He seemed to have a constant roster of projects on the go. He'd sent me occasional photos of his exploits. He went down to L.A. to see Oasis and ended up in a poker game with a group of weapons manufacturers. "I made a bunch of jokes about sending all their poker money to China," he said, "and they were not pleased...." "I don't use that computer and I think video games are a waste of time. I spent all the money I made from going viral on Oasis tickets." As far as he was concerned, the fact that tech people were tripping over themselves to take part in his stunt just confirmed his generally low impression of them. "They have too much money and nothing going on..." Ever since his big viral moment, he'd been suddenly inundated with messages from startup drones who'd decided that his clout might be useful to them. One had offered to fly him out to the French Riviera. The author's conclusion? "It did not seem like a good idea to me that some of the richest people in the world were no longer rewarding people for having any particular skills, but simply for having agency."

Read more of this story at Slashdot.

Duolingo Grows, But Users Disliked Increased Ads and Subscription Pushes. Stock Plummets Again

28 February 2026 at 18:25
Friday was "a horrible day" for investors in Duolingo, reports Fast Company. But Friday's one-day 14% drop is just part of a longer story. Since last May, Duolingo's stock has dropped 81%. Yes, the company faced a social media backlash that month after its CEO promised they'd become an "AI-first" company (favoring AI over human contractors). And yes, Duolingo did double its language offerings using generative AI. But more importantly, that summer OpenAI showed how easy it was to just roll your own language-learning tool from a short prompt in a GPT-5 demo, while Google built an AI-powered language-learning tool into its Translate app. And yet, Friday Duolingo's shares dropped another 14%, after announcing good fourth quarter results but an unpopular direction for its future. Fast Company reports: On the surface, many of the company's most critical metrics saw decent gains for the quarter, including: β€” Daily Active Users: 52.7 million (up 30% year-over-year) β€” Paid Subscribers: 12.2 million (up 28% year-over-year) β€” Revenue: $282.9 million (up 35% year-over-year) β€” Total bookings: $336.8 million (up 24% year-over-year) The company also reported its full-year 2025 financials, revealing that for the first time in its history, it crossed the $1 billion revenue mark for a fiscal year. But the Motley Fool explains that Duolingo's higher ad loads and repeated pushes for subscription plans "generated revenues in the short term, but made the Duolingo platform less engaging. Ergo, user growth decelerated while revenues rose." Thursday Duolingo announced a big change to address that, including moving more features into lower-priced tiers. Barron's reports: D.A. Davidson analyst Wyatt Swanson, who rates Duolingo stock at Neutral, posited that the push to monetize "led to disgruntled users and a meaningful negative impact to 'word-of-mouth' marketing." Duolingo has guided for bookings growth between 10% and 12% in 2026, compared with the 20% rate the company would have expected to see "if we operated like we have in past years...." If stock reaction is any indication, investors are concerned about Duolingo's new focus.

Read more of this story at Slashdot.

Duolingo Users Grow, But Users Disliked Increased Ads and Subscription Pushes. Stock Plummets Again

28 February 2026 at 18:25
Friday was "a horrible day" for investors in Duolingo, reports Fast Company. But Friday's one-day 14% drop is just part of a longer story. Since last May, Duolingo's stock has dropped 81%. Yes, the company faced a social media backlash that month after its CEO promised they'd become an "AI-first" company (favoring AI over human contractors). And yes, Duolingo did double its language offerings using generative AI. But more importantly, that summer OpenAI showed how easy it was to just roll your own language-learning tool from a short prompt in a GPT-5 demo, while Google built an AI-powered language-learning tool into its Translate app. And yet, Friday Duolingo's shares dropped another 14%, after announcing good fourth quarter results but an unpopular direction for its future. Fast Company reports: On the surface, many of the company's most critical metrics saw decent gains for the quarter, including: β€” Daily Active Users: 52.7 million (up 30% year-over-year) β€” Paid Subscribers: 12.2 million (up 28% year-over-year) β€” Revenue: $282.9 million (up 35% year-over-year) β€” Total bookings: $336.8 million (up 24% year-over-year) The company also reported its full-year 2025 financials, revealing that for the first time in its history, it crossed the $1 billion revenue mark for a fiscal year. But the Motley Fool explains that Duolingo's higher ad loads and repeated pushes for subscription plans "generated revenues in the short term, but made the Duolingo platform less engaging. Ergo, user growth decelerated while revenues rose." Thursday Duolingo announced a big change to address that, including moving more features into lower-priced tiers. Barron's reports: D.A. Davidson analyst Wyatt Swanson, who rates Duolingo stock at Neutral, posited that the push to monetize "led to disgruntled users and a meaningful negative impact to 'word-of-mouth' marketing." Duolingo has guided for bookings growth between 10% and 12% in 2026, compared with the 20% rate the company would have expected to see "if we operated like we have in past years...." If stock reaction is any indication, investors are concerned about Duolingo's new focus.

Read more of this story at Slashdot.

OpenAI Fires an Employee For Prediction Market Insider Trading

27 February 2026 at 22:30
An anonymous reader quotes a report from Wired: OpenAI has fired an employee following an investigation into their activity on prediction market platforms including Polymarket, WIRED has learned. OpenAI CEO of Applications, Fidji Simo, disclosed the termination in an internal message to employees earlier this year. The employee, she said, "used confidential OpenAI information in connection with external prediction markets (e.g. Polymarket)." "Our policies prohibit employees from using confidential OpenAI information for personal gain, including in prediction markets," says spokesperson Kayla Wood. OpenAI has not revealed the name of the employee or the specifics of their trades. Evidence suggests that this was not an isolated event. Polymarket runs on the Polygon blockchain network, so its trading ledger is pseudonymous but traceable. According to an analysis by the financial data platform Unusual Whales, there have been clusters of activities, which the service flagged as suspicious, around OpenAI-themed events since March 2023. Unusual Whales flagged 77 positions in 60 wallet addresses as suspected insider trades, looking at the age of the account, trading history, and significance of investment, among other factors. Suspicious trades hinged on the release dates of products like Sora, GPT-5, and the ChatGPT Browser, as well as CEO Sam Altman's employment status. In November 2023, two days after Altman was dramatically ousted from the company, a new wallet placed a significant bet that he would return, netting over $16,000 in profits. The account never placed another bet. The behavior fits into patterns typical of insider trades. "The tell is the clustering. In the 40 hours before OpenAI launched its browser, 13 brand-new wallets with zero trading history appeared on the site for the first time to collectively bet $309,486 on the right outcome," says Unusual Whales CEO Matt Saincome. "When you see that many fresh wallets making the same bet at the same time, it raises a real question about whether the secret is getting out." [...] Though this is the first confirmed case of a large technology company firing an employee over trades in prediction markets, it's almost certainly not the last. Opportunities for tech sector employees to make trades on markets abound. "The data tells me this is happening all over the place," Saincome says.

Read more of this story at Slashdot.

Netflix Ditches deal for Warner Bros. Discovery After Paramount's Offer is Deemed Superior

27 February 2026 at 11:00
Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be a superior offer. From a report: Earlier this week, Paramount raised its bid to buy the entirety of WBD to $31 per share, up from $30 per share, all cash. It was the latest amendment to Paramount's multiple offers in recent months -- and since moving forward with a hostile bid to buy the company -- and it's now unseated a deal between WBD and Netflix to sell the legacy media company's studio and streaming businesses for $27.75 per share. Last week, Netflix granted WBD a seven-day waiver to reengage with Paramount, resulting in the higher bid. Paramount's offer is for the entirety of WBD, including its pay-TV networks, such as CNN, TBS and TNT. Netflix had four business days to make changes to its own proposal in light of Paramount's superior bid, the WBD board said in a statement Thursday. Instead, the decision by the streaming giant to walk away puts a pin in a drawn-out saga that saw amended offers from both bidders.

Read more of this story at Slashdot.

Jack Dorsey's Block Cuts Nearly Half of Its Staff In AI Gamble

26 February 2026 at 18:20
Jack Dorsey's Block is cutting more than 4,000 jobs, or nearly half its workforce, as part of a deliberate shift toward becoming a smaller, "intelligence-native" company built around AI. The Verge reports: "We're not making this decision because we're in trouble," Dorsey says. "Our business is strong. Gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. But something has changed. We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. And that's accelerating rapidly." Dorsey opted to do a big layoff instead of gradual cuts because "I'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome." The layoffs were announced on Thursday as part of the company's Q4 2025 earnings. In a shareholder letter (PDF), Dorsey says that "We believe Block will be significantly more valuable as a smaller, faster, intelligence-native company. Everything we do from here is in service of that."

Read more of this story at Slashdot.

Which Piece of Speculative Fiction Had the Greatest Single-Day Stock Market Impact?

26 February 2026 at 13:40
Speaking of the Citrini's blog post, which imagines a near-future AI-driven economic collapse, and which ended up help triggering the S&P 500's worst single-day drop in nearly two weeks on Monday, FT Alphaville decided to track how US stock markets have moved on the release days of notable dystopian speculative fiction throughout history. The story adds: You may contend that this is facile. We would agree. You might contend that the comparisons make no sense because it's possible to read a blog post during a single work shift, but it's tricker to complete a whole novel (or sneak out to watch a movie). We would contend: do you really think traders read? Let's begin. The methodology -- tracking S&P 500 daily moves for post-1986 releases and DJIA moves for pre-1986 ones -- crowned The Matrix as the all-time leader, its March 1999 US debut coinciding with a 1.11% drop in the index. Citrini's "The 2028 Global Intelligence Crisis" came in a close second at -1.04%. On the positive end, the 2013 release of Her, a film about a man falling in love with an AI agent, coincided with the largest gain in the set at +1.66%.

Read more of this story at Slashdot.

EBay Is Laying Off About 800 Workers, 6% of Global Workforce

26 February 2026 at 09:00
EBay is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities. From a report: "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce," the San Jose, California-based company said early Thursday in a statement. "We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect." EBay will continue to hire in key areas. The cuts come a week after the company said it would acquire secondhand fashion marketplace Depop for about $1.2 billion in an effort to draw younger shoppers and after it reported robust quarterly results. Revenue increased 15% to $3 billion in the fourth quarter, surpassing analyst estimates.

Read more of this story at Slashdot.

Uber Employees Have Built an AI Clone of Their CEO To Practice Presentations Before the Real Thing

26 February 2026 at 01:01
An anonymous reader shares a report: Some Uber employees have built an AI clone of CEO Dara Khosrowshahi -- internally dubbed "Dara AI" -- and have been using it to rehearse and fine-tune presentations before delivering them to the actual Khosrowshahi, he revealed on a recent podcast. Khosrowshahi said a team member told him that some teams "make the presentation to the Dara AI as a prep for making a presentation to me," and that the bot helps them adjust their slides and sharpen their delivery. Asked by the podcast host whether employees might eventually show Dara AI to the board, Khosrowshahi laughed but noted that AI models still can't process and act on new information the way executives do. "When the models can learn in real-time, that is the point at which I'm going to think that, yeah, we are all replaceable," he said.

Read more of this story at Slashdot.

Prediction Market Platform Kalshi Discloses First Insider Trading Enforcement Action

25 February 2026 at 20:30
Kalshi, the prediction market platform regulated by the Commodity Futures Trading Commission, has for the first time publicly disclosed the results of an insider trading investigation, naming an editor for YouTube's biggest creator as the offender. The company identified Artem Kaptur, an editor for MrBeast, who it says traded around $4,000 on markets tied to the streamer and achieved "near-perfect trading success" on low-odds bets -- a pattern investigators flagged as suspicious. Kalshi froze Kaptur's account before he could withdraw any profits, fined him $20,000, suspended him for two years, and reported the case to the CFTC.

Read more of this story at Slashdot.

Tech Firms Aren't Just Encouraging Their Workers To Use AI. They're Enforcing It.

25 February 2026 at 17:30
Tech companies ranging from 300-person startups to giants like Amazon, Google, Meta, Microsoft and Salesforce have moved beyond encouraging employees to use AI tools and are now actively tracking adoption and, in several cases, tying it to performance reviews. Google is factoring AI use into some software engineer reviews for the first time this year, and Meta's new performance review system will do the same -- it can track how many lines of code an engineer wrote with AI assistance. Amazon Web Services managers have dashboards showing individual engineer AI-tool usage and consider adoption when evaluating promotions. About 42% of tech-industry workers said their direct manager expects AI use in daily work as of last October, up from 32% eight months earlier, according to AI consulting firm Section. At software maker Autodesk, CEO Andrew Anagnost acknowledged that some employees had been using initially blocked coding tools like Cursor stealthily -- and warned that AI holdouts "probably won't survive long term."

Read more of this story at Slashdot.

Uber Previews Its Dubai Air Taxi Service

25 February 2026 at 10:00
An anonymous reader shares a report: Uber is one step closer to going airborne. On Wednesday, the company previewed its air taxi booking service ahead of an expected launch in Dubai later this year. The inaugural Uber Air program will let travelers book Joby Aviation's electric air taxis through a familiar process in the Uber app. The experience of booking an air taxi will be much like reserving a four-wheeled Uber. In the app, after entering your destination, Uber Air will appear as an option for eligible routes. The Uber app will book a flight and an Uber Black to pick you up and drop you off at a Joby "vertiport." Joby's air taxis, built exclusively for city travel, can accommodate up to four passengers and luggage. (Uber says size and weight guidelines will be announced closer to launch.) The interior is about the size of an SUV and has "comfortable seating" with panoramic windows. They can travel up to 200 mph and have a range of up to 100 miles. Four battery packs and a triple-redundant flight computer are onboard for safety purposes.

Read more of this story at Slashdot.

OpenAI Calls In the Consultants For Its Enterprise Push

23 February 2026 at 18:20
OpenAI has formed a multi-year "Frontier Alliance" with four consulting heavyweights to accelerate enterprise adoption of its no-code AI agent platform, OpenAI Frontier. TechCrunch reports: The alliance includes multi-year partnerships between OpenAI and four major consulting firms, Boston Consulting Group (BCG), McKinsey, Accenture and Capgemini, to sell its enterprise products. OpenAI's Forward Deployed Engineering team will work with the consulting giants to help them implement OpenAI's enterprise-focused technologies like OpenAI Frontier into customers' tech stacks. The company launched OpenAI Frontier in early February. The no-code open software allows users to build, deploy, and manage AI agents both built on OpenAI's AI models and beyond. OpenAI argues in its latest announcement that consultants are the right avenue to get enterprises on board. "AI alone does not drive transformation. It must be linked to strategy, built into redesigned processes, and adopted at scale with aligned incentives and culture to deliver sustained outcomes," BCG CEO Christoph Schweizer said in OpenAI's blog post. "Our expanded partnership combines OpenAI's Frontier platform with BCG's deep industry, functional, and tech expertise and BCG X's build-and-scale capabilities to drive measurable impact with safeguards from day one."

Read more of this story at Slashdot.

PayPal Attracts Takeover Interest After Stock Slump

23 February 2026 at 11:48
An anonymous reader shares a report: PayPal, the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, according to people familiar with the matter. The San Jose, California-based company has fielded meetings with banks amid unsolicited interest from suitors, the people said. At least one large rival is looking at the whole company, while some other suitors are only interested in certain PayPal assets, the people said, asking not to be identified because the information is private. Buyer interest in PayPal is still at a preliminary stage and may not lead to a transaction, the people cautioned. Founded in the late 1990s, PayPal was an early mover in the world of digital payments. But the company now finds itself in a rut with its customers increasingly turning to alternative ways to pay for things. PayPal's shares have fallen around 46% in New York trading over the last 12 months, giving the company a market value of about $38.4 billion.

Read more of this story at Slashdot.

PayPal Discloses Data Breach That Exposed User Info For 6 Months

20 February 2026 at 13:00
PayPal is notifying customers of a data breach after a software error in a loan application exposed their sensitive personal information, including Social Security numbers, for nearly 6 months last year. From a report: The incident affected the PayPal Working Capital (PPWC) loan app, which provides small businesses with quick access to financing. PayPal discovered the breach on December 12, 2025, and determined that customers' names, email addresses, phone numbers, business addresses, Social Security numbers, and dates of birth had been exposed since July 1, 2025. The financial technology company said it has reversed the code change that caused the incident, blocking attackers' access to the data one day after discovering the breach. "On December 12, 2025, PayPal identified that due to an error in its PayPal Working Capital ('PPWC') loan application, the PII of a small number of customers was exposed to unauthorized individuals during the timeframe of July 1, 2025 to December 13, 2025," PayPal said in breach notification letters sent to affected users. "PayPal has since rolled back the code change responsible for this error, which potentially exposed the PII. We have not delayed this notification as a result of any law enforcement investigation."

Read more of this story at Slashdot.

❌
❌