Diamond Comic Distributors, the world's biggest English language comic book distributor, is filing for bankruptcy and scaling its business back in order to survive. The Verge reports: In a letter sent to comics retailers and publishers today, Diamond president Chuck Parker announced that the company has filed for Chapter 11 Bankruptcy and plans to sell off its Alliance Game Distributors arm to Universal in order to "protect the most vital aspects of our business."

Founded in 1982 by Stephen A. Geppi (who still serves as CEO), Diamond became a heavyweight in the comics business by securing a number of exclusive distribution agreements with various publishing houses like DC, Marvel, and Image. For decades, Diamond -- which also publishes its Previews magazine showcasing upcoming titles -- was instrumental in bringing comics to market and played a huge role in determining a book's success because of how Previews influenced retailer orders. "This decision was not made lightly, and I understand that this news may be as difficult to hear as it is for me to share," Parker said. "The Diamond leadership team and I have worked tirelessly to avoid this outcome but the financial challenges we face have left us with no other viable option."

An anonymous reader quotes a report from Ars Technica: Lots of startups use Google's productivity suite, known as Workspace, to handle email, documents, and other back-office matters. Relatedly, lots of business-minded webapps use Google's OAuth, i.e. "Sign in with Google." It's a low-friction feedback loop -- up until the startup fails, the domain goes up for sale, and somebody forgot to close down all the Google stuff. Dylan Ayrey, of Truffle Security Co., suggests in a report that this problem is more serious than anyone, especially Google, is acknowledging. Many startups make the critical mistake of not properly closing their accounts -- on both Google and other web-based apps -- before letting their domains expire.

Given the number of people working for tech startups (6 million), the failure rate of said startups (90 percent), their usage of Google Workspaces (50 percent, all by Ayrey's numbers), and the speed at which startups tend to fall apart, there are a lot of Google-auth-connected domains up for sale at any time. That would not be an inherent problem, except that, as Ayrey shows, buying a domain allows you to re-activate the Google accounts for former employees if the site's Google account still exists.

With admin access to those accounts, you can get into many of the services they used Google's OAuth to log into, like Slack, ChatGPT, Zoom, and HR systems. Ayrey writes that he bought a defunct startup domain and got access to each of those through Google account sign-ins. He ended up with tax documents, job interview details, and direct messages, among other sensitive materials. A Google spokesperson said in a statement: "We appreciate Dylan Ayrey's help identifying the risks stemming from customers forgetting to delete third-party SaaS services as part of turning down their operation. As a best practice, we recommend customers properly close out domains following these instructions to make this type of issue impossible. Additionally, we encourage third-party apps to follow best-practices by using the unique account identifiers (sub) to mitigate this risk."

Nearly a quarter of Harvard Business School's 2024 M.B.A. graduates remained jobless three months after graduation, highlighting deepening employment challenges at elite U.S. business schools. The unemployment rate for Harvard M.B.A.s rose to 23% from 20% a year earlier, more than double the 10% rate in 2022.

Major employers including McKinsey, Amazon, Google, and Microsoft have scaled back M.B.A. recruitment, with McKinsey cutting its hires at University of Chicago's Booth School to 33 from 71. "We're not immune to the difficulties of the job market," said Kristen Fitzpatrick, who oversees career development at Harvard Business School. "Going to Harvard is not going to be a differentiator. You have to have the skills." Columbia Business School was the only top program to improve its placement rate in 2024. Median starting salaries for employed M.B.A.s remain around $175,000.

Google is bundling its AI features into Workspace at no extra charge while raising the base subscription price by $2 to $14 per user monthly, the company said Wednesday. The move eliminates the previous $20 monthly fee for Gemini Business plan that was required to access AI tools in Gmail, Docs and other Workspace apps.

Microsoft is relaunching its free Copilot for businesses as Microsoft 365 Copilot Chat today, complete with the ability to use AI agents. From a report: Copilot Chat is Microsoft's latest attempt to get people used to using AI at work and relying on it enough to tempt them into paying $30 per month to get the full Microsoft 365 Copilot.

Microsoft 365 Copilot Chat is essentially a rebranding of what was once Bing Chat Enterprise before Microsoft rebranded it to just Copilot. It crucially now includes access to Copilot AI agents right within the chat interface -- which was previously only available in the full Microsoft 365 Copilot experience -- requiring a $30 per user per month subscription. These agents are designed to work like virtual colleagues and can do things like monitor email inboxes or automate a series of tasks.

You'll be able to create and use agents using Copilot Studio, use agents that rely on web data, and even use agents grounded on work data through the Microsoft graph. The usage of agents with Copilot Chat will be priced through the Copilot Studio meter in Azure or through a pay-as-you-go option.

An anonymous reader quotes a report from CoinTelegraph: Social media platform Meta has confirmed that its fact-checking feature on Facebook, Instagram and Threads will only be removed in the US for now, according to a Jan. 13 letter sent to Brazil's government. "Meta has already clarified that, at this time, it is terminating its independent Fact-Checking Program only in the United States, where we will test and refine the community notes [feature] before expanding to other countries," Meta told Brazil's Attorney General of the Union (AGU) in a Portuguese-translated letter.

Meta's letter followed a 72-hour deadline Brazil's AGU set for Meta to clarify to whom the removal of the third-party fact verification feature would apply. [...] Brazil has expressed dissatisfaction with Meta's removal of its fact check feature, Brazil Attorney-General Jorge Messias said on Jan. 10. "Brazil has rigorous legislation to protect children and adolescents, vulnerable populations, and the business environment, and we will not allow these networks to transform the environment into digital carnage or barbarity." Last Tuesday, Meta CEO Mark Zuckerberg announced an end to fact-checking on Facebook and Instagram -- a move he described as an attempt to restore free expression on its platforms. He likened his company's fact-checking process to a George Orwell novel, saying it "something out of 1984" and let to a broad belief that Meta fact-checkers "were too biased."

A week after announcing performance-based job cuts similar to those at Meta, Microsoft said it also plans to pause hiring in part of its consulting unit. CNBC reports: The changes by the U.S. consulting division are meant to align with a policy by the Microsoft Customer and Partner Solutions organization, which has about 60,000 employees, according to a page on Microsoft's website. The changes are in place through the remainder of the 2025 fiscal year ending in June. To reduce costs, Microsoft's consulting division will hold off on hiring new employees and back-filling roles, consulting executive Derek Danois told employees in the memo. Careful management of costs is of utmost importance, Danois wrote.

The memo also instructs employees to not expense travel for any internal meetings and use remote sessions instead. Additionally, executives will have to authorize trips to customers' sites to ensure spending is being used on the right customers, Danois wrote. Additionally, the group will cut its marketing and non-billable external resource spend by 35%, the memo says. Further reading: Companies Deploy AI To Curb Hiring as 'Cost Avoidance' Gains Ground

An anonymous reader quotes a report from Gizmodo: Texas has sued (PDF) one of the nation's largest car insurance providers alleging that it violated the state's privacy laws by surreptitiously collecting detailed location data on millions of drivers and using that information to justify raising insurance premiums. The state's attorney general, Ken Paxton, said the lawsuit against Allstate and its subsidiary Arity is the first enforcement action ever filed by a state attorney general to enforce a data privacy law. It also follows a deceptive business practice lawsuit he filed against General Motors accusing the car manufacturer of misleading customers by collecting and selling driver data.

In 2015, Allstate developed the Arity Driving Engine software development kit (SDK), a package of code that the company allegedly paid mobile app developers to install in their products in order to collect a variety of sensitive data from consumers' phones. The SDK gathered phone geolocation data, accelerometer, and gyroscopic data, details about where phone owners started and ended their trips, and information about "driving behavior," such as whether phone owners appeared to be speeding or driving while distracted, according to the lawsuit. The apps that installed the SDK included GasBuddy, Fuel Rewards, and Life360, a popular family monitoring app, according to the lawsuit.

Paxton's complaint said that Allstate and Arity used the data collected by its SDK to develop and sell products to other insurers like Drivesight, an algorithmic model that assigned a driving risk score to individuals, and ArityIQ, which allowed other insurers to "[a]ccess actual driving behavior collected from mobile phones and connected vehicles to use at time of quote to more precisely price nearly any driver." Allstate and Arity marketed the products as providing "driver behavior" data but because the information was collected via mobile phones the companies had no way of determining whether the owner was actually driving, according to the lawsuit. "For example, if a person was a passenger in a bus, a taxi, or in a friend's car, and that vehicle's driver sped, hard braked, or made a sharp turn, Defendants would conclude that the passenger, not the actual driver, engaged in 'bad' driving behavior," the suit states. Neither Allstate and Arity nor the app developers properly informed customers in their privacy policies about what data the SDK was collecting or how it would be used, according to the lawsuit. The lawsuit violates Texas' Data Privacy and Security Act (DPSA) and insurance code by failing to address violations within the required 30-day cure period. "In its complaint, filed in federal court, Texas requested that Allstate be ordered to pay a penalty of $7,500 per violation of the state's data privacy law and $10,000 per violation of the state's insurance code, which would likely amount to millions of dollars given the number of consumers allegedly affected," adds the report.

"The lawsuit also asks the court to make Allstate delete all the data it obtained through actions that allegedly violated the privacy law and to make full restitution to customers harmed by the companies' actions."

Meta is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to a company memo. From a report: As of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. "I've decided to raise the bar on performance management and move out low-performers faster," Chief Executive Officer Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg News. "We typically manage out people who aren't meeting expectations over the course of a year," he said, "but now we're going to do more extensive performance-based cuts during this cycle."

U.K. public sector and critical infrastructure organizations could be banned from making ransom payments under new proposals from the U.K. government. From a report: The U.K.'s Home Office launched a consultation on Tuesday that proposes a "targeted ban" on ransomware payments. Under the proposal, public sector bodies -- including local councils, schools, and NHS trusts -- would be banned from making payments to ransomware hackers, which the government says would "strike at the heart of the cybercriminal business model."

This government proposal comes after a wave of cyberattacks targeting the U.K. public sector. The NHS last year declared a "critical" incident following a cyberattack on pathology lab provider Synnovis, which led to a massive data breach of sensitive patient data and months of disruption, including canceled operations and the diversion of emergency patients. According to new data seen by Bloomberg, the cyberattack on Synnovis resulted in harm to dozens of patients, leading to long-term or permanent damage to their health in at least two cases.

Tech workers at major U.S. companies are earning thousands of dollars by referring job candidates they've never met, creating an underground marketplace for employment referrals at firms like Microsoft and Nvidia, according to Bloomberg.

One tech worker cited in the report earned $30,000 in referral bonuses after recommending over 1,000 strangers to his employer over 18 months, resulting in more than six successful hires. While platforms like ReferralHub charge up to $50 per referral, Goldman Sachs and Google said such practices violate their policies. Google requires referrals to be based on personal knowledge of candidates.

Employee engagement in the U.S. fell to its lowest level in a decade in 2024, Gallup reported Tuesday, with only 31% of employees engaged. This matches the figure last seen in 2014. The percentage of actively disengaged employees, at 17%, also reflects 2014 levels. Gallup: The percentage of engaged employees has declined by two percentage points since 2023, highlighting a growing trend of employee detachment from organizations, particularly among workers younger than 35.

These are among the findings of Gallup's most recent annual update of U.S. employee engagement. Though engagement increased slightly midyear, it declined through the rest of 2024, finishing the year at its decade low. In Gallup's trend dating back to 2000, employee engagement peaked in 2020, at 36%, following a decade of steady growth, but it has generally trended downward since then.

Each point change in engagement represents approximately 1.6 million full- or part-time employees in the U.S. The declines since 2020 equate to about 8 million fewer engaged employees, including 3.2 million fewer compared to 2023. Among the 12 engagement elements that Gallup measures, those that saw the most significant declines in 2024 (by three points or more in "strongly agree" ratings) include:
Clarity of expectations. Just 46% of employees clearly know what is expected of them at work, down 10 points from a high of 56% in March 2020.
Feeling someone at work cares about them as a person. Currently, 39% of employees feel strongly that someone cares about them, a drop from 47% in March 2020.
Someone encouraging their development. Only 30% strongly agree that someone at work encourages their development, down from 36% in March 2020.

People of all ages come to work seeking role clarity, strong relationships and opportunities for development, but managers, combined, are progressively failing to meet these basic needs. However, managers themselves are faring no better than those they manage, with only 31% engaged.

The Register's Simon Sharwood reports: Broadcom has lost another sizable customer for its VMware platform: Austrian cloud provider Anexia has moved 12,000 VMs, some of them rented by major European businesses, to an open-source system based on the KVM hypervisor. Anexia was founded in 2006, is based in Austria, and provides cloud services from over 100 locations around the world by placing equipment in third party datacenters. Clients include remote access and control vendor TeamViewer, and airline Lufthansa -- plus plenty more outfits that need reliable hosting and service to match.

CEO Alexander Windbichler told The Register that after Broadcom acquired VMware, increased licensing costs, and made big changes to its partner program, Anexia remained eligible to operate a VMware-powered cloud. But Windbichler felt he couldn't afford to continue, because Broadcom offered new terms that saw the cost of VMware licenses rise sharply. The CEO preferred not to enumerate the increase precisely however The Register understands it exceeded 500 percent. Whatever the actual figure, Windbichler said the cost increase "Would have been existential for us."

"We used to pay for VMware software one month in arrears," he said. "With Broadcom we had to pay a year in advance with a two-year contract." That arrangement, the CEO said, would have created extreme stress on company cashflow. "We would not be able to compete with the market," he said. "We had customers on contracts, and they would not pay for a price increase." Windbichler considered legal action, but felt the fight would have been slow and expensive. Anexia therefore resolved to migrate, a choice made easier by its ownership of another hosting business called Netcup that ran on a KVM-based platform.

An anonymous reader quotes a report from TechCrunch, written by Ivan Mehta: Decentralized social network organization Mastodon said Monday that it is planning to create a new nonprofit organization in Europe and hand over ownership of entities responsible for key Mastodon ecosystem and platform components. This means one person won't have control over the entire project. The organization is trying to differentiate itself from social networks controlled by CEOs like Elon Musk and Mark Zuckerberg. While exact details are yet to be finalized, this means that Mastodon's current CEO and creator, Eugen Rochko, will hand over management bits of the organization to the new entity and focus on the product strategy.

The organization said that it will continue to host the mastodon.social and mastodon.online servers, which users can sign up for and join the ActivityPub-based network. Mastodon currently has 835,000 monthly active users spread across thousands of servers. [...] Last year, the company formed a U.S.-based nonprofit to get more funds and grants with Twitter co-founder Biz Stone on the board. At the same time, the organization lost its nonprofit status in Germany. [...] The blog post noted that the new Europe-based nonprofit entity will wholly own the Mastodon GmbH for-profit entity. The organization is in the process of finalizing the place where the new entity will be set up. "We are taking the time to select the appropriate jurisdiction and structure in Europe. Then we will determine which other (subsidiary) legal structures are needed to support operations and sustainability,â Mastodon said in a blog post. "Throughout, we will focus on establishing the appropriate governance and leadership frameworks that reflect the nature and purpose of Mastodon as a whole, and responsibly serve the community."

Microsoft is raising Microsoft 365 subscription prices by up to 46% across six Asian markets to fund AI features. In Australia, annual Microsoft 365 Family subscriptions will increase to AU$179 ($110) from AU$139, while Personal subscriptions will jump to AU$159 ($98) from AU$109. The price hikes also affect New Zealand, Malaysia, Singapore, Taiwan and Thailand customers.

One in five online job postings may be "ghost jobs" that companies never intend to fill, according to new data from hiring platform Greenhouse examining its clients' recruitment patterns in 2024. The analysis found that 18-22% of advertised positions across technology, finance, and healthcare sectors went unfilled, while nearly 70% of companies posted at least one ghost job in the second quarter of 2024.

Construction, arts, food and beverage, and legal industries showed the highest rates of ghost listings. In response, Greenhouse and LinkedIn have introduced verification systems for job postings. LinkedIn reports more than half its listings are now tagged as "verified," indicating confirmed open positions. Companies maintain ghost listings for various reasons, including projecting growth, keeping options open for exceptional candidates, or meeting federal posting requirements, said Jon Stross, Greenhouse's president and co-founder.

Sonos Chief Executive Patrick Spence stepped down on Monday, following a tumultuous period marked by a botched app rollout that angered customers and hurt sales of its new headphones. Board member Tom Conrad, a former Pandora chief technology officer, will serve as interim CEO while the audio equipment maker searches for a permanent replacement, the company said.

Spence's departure comes eight months after Sonos released a revamped app that launched with missing features and technical problems, leading to widespread customer complaints and necessitating an extensive fix-it effort. The company will pay Spence, who joined Sonos in 2012 as chief commercial officer, a $1.875 million severance package. He will remain as a strategic advisor until June 30, earning $7,500 monthly, according to a regulatory filing.

"Nuclear you can trust," reads the web page promoting "The Egg, an at home nuclear reactor."

Yes, Enron.com is now announcing "a micro-nuclear reactor made to power your home." (A quick reminder from CNN in December. "A company that makes T-shirts bought the Enron trademark and appears to be trying to sell some merch on behalf of the guy behind the satirical conspiracy theory "Birds Aren't Real....")

Does that explain how we got a product reveal for "the world's first micro-nuclear reactor for residential suburban use"? (Made possible "by the Enron mining division, which has been sourcing the proprietary Enronium ore...") Enron's new 28-year-old CEO Connor Gaydos insists they're "making the world a better place, one egg at a time."

The Houston Chronicle delves into the details: Supposedly a micro-nuclear reactor capable of powering a home for up to 10 years, the Enron Egg would be a significant leap forward for both energy technology and humanity's understanding of nuclear physics — if, of course, such a thing were actually feasible. "With our current understanding of physics, this will never be possible," said Derek Haas, an associate professor and nuclear and radiation engineering researcher at the University of Texas at Austin. "We can make a nuclear reactor go critical at about the size of the egg that I saw on the pictures. But we can't capture that energy and turn it into useful electric heat, and shield the radiation that comes off of the reactor." [Haas adds later that nuclear reactors require federal licenses to operate, which take two to nine years to procure and "typically require several hundred pages of documentation to be allowed to build it, and then another thousand pages of safety documents to be allowed to turn it on."]

The outlandish claims Enron has made in the weeks since its brand revival have left many to speculate that the move is part of some large-scale joke similar to Birds Aren't Real — a gag conspiracy movement that Connor Gaydos, Enron's 28-year-old CEO, published a book on alongside co-author and movement founder Peter McIndoe. In an exclusive interview with the Houston Chronicle, Gaydos asked that people look past the limitations — be they in the form of regulations or physics — and embrace the impossible....

Several since-deleted blurbs — both on the company's website and on social media — have alluded to Enron potentially expanding into the world of cryptocurrency. Gaydos said he hasn't ruled it out, but the company currently does not have any plans in the works to debut an Enron-themed coin. "I think in a lot of ways, everything feels like a crypto scam now, but thankfully, we are a completely real company," Gaydos said.
When announcing the Egg, Gaydos stressed Enron was now revolutionizing not just the power industry, but also two others — the freedom industry, and the independence industry. And Gaydos reminded his audience that their home micro-nuclear was "safe for the whole family."

"Preorder now," adds the Egg's web page at Enron.com. "Sign up for our email newsletter and be the first to know when we launch..."

An anonymous reader quotes a report from TechCrunch: On Saturday, Triplegangers CEO Oleksandr Tomchuk was alerted that his company's e-commerce site was down. It looked to be some kind of distributed denial-of-service attack. He soon discovered the culprit was a bot from OpenAI that was relentlessly attempting to scrape his entire, enormous site. "We have over 65,000 products, each product has a page," Tomchuk told TechCrunch. "Each page has at least three photos." OpenAI was sending "tens of thousands" of server requests trying to download all of it, hundreds of thousands of photos, along with their detailed descriptions. "OpenAI used 600 IPs to scrape data, and we are still analyzing logs from last week, perhaps it's way more," he said of the IP addresses the bot used to attempt to consume his site. "Their crawlers were crushing our site," he said "It was basically a DDoS attack."

Triplegangers' website is its business. The seven-employee company has spent over a decade assembling what it calls the largest database of "human digital doubles" on the web, meaning 3D image files scanned from actual human models. It sells the 3D object files, as well as photos -- everything from hands to hair, skin, and full bodies -- to 3D artists, video game makers, anyone who needs to digitally recreate authentic human characteristics. [...] To add insult to injury, not only was Triplegangers knocked offline by OpenAI's bot during U.S. business hours, but Tomchuk expects a jacked-up AWS bill thanks to all of the CPU and downloading activity from the bot. Triplegangers initially lacked a properly configured robots.txt file, which allowed the bot to freely scrape its site since the system interprets the absence of such a file as permission. It's not an opt-in system.

Once the file was updated with specific tags to block OpenAI's bot, along with additional defenses like Cloudflare, the scraping stopped. However, robots.txt is not foolproof since compliance by AI companies is voluntary, leaving the burden on website owners to monitor and block unauthorized access proactively. "[Tomchuk] wants other small online business to know that the only way to discover if an AI bot is taking a website's copyrighted belongings is to actively look," reports TechCrunch.

Meta CEO Mark Zuckerberg criticized Apple's innovation record and business practices in a Joe Rogan podcast interview on January 10, claiming the iPhone maker has not "invented anything great in a while" and is "just sitting" on its flagship product 20 years after Steve Jobs created it.

Zuckerberg accused Apple of using arbitrary App Store rules and 30% developer fees to offset declining iPhone sales. He also said Apple blocks competitors from accessing iPhone protocols, citing Meta's failed attempt to integrate its Ray-Ban smart glasses with Apple's connectivity features. The Meta chief also criticized Apple's $3,500 Vision Pro headset, calling it inferior to Meta's $300-400 device.