U.S. Feds Seized Nearly $1 Billion in Bitcoin from Wallet Linked to Silk Road

Speculation kicked off after someone moved the huge sum on Tuesday, and now we know who it was: the U.S. government.
Read more: https://www.vice.com/en/article/akdgz8/us-feds-seize-1-billion-in-bitcoin-from-wallet-linked-to-silk-road?source=Snapzu

Jobless claims: Another 751,000 Americans filed new unemployment claims last week

U.S. states saw another 751,000 Americans file first-time unemployment benefits last week, as still-elevated coronavirus case counts threaten to weigh on the pace of recovery in the labor market.
Read more: https://finance.yahoo.com/news/initial-jobless-claims-week-ended-oct-31-2020-coronavirus-pandemic-185012800.html?source=Snapzu

California passes Prop 22 in a major victory for Uber and Lyft

Uber and Lyft have won a major victory in their battle to continue classifying drivers as contractors, not employees, following the passage of a ballot measure that exempts them from a California labor law. On Tuesday, voters in California passed Proposition 22, the most expensive ballot-measure campaign in state history, which came to symbolize a bitter struggle over the future of the gig economy.
Read more: https://www.theguardian.com/us-news/2020/nov/04/california-election-voters-prop-22-uber-lyft?source=Snapzu

Walmart scrapped plans to let these 6-foot-tall robots check inventory at stores, after reportedly finding that it's simpler to let humans do the job

After a three-year trial that saw Bossa Nova robots rolled out to 500 stores, Walmart has reportedly found that staff can do the job effectively.
Read more: https://www.businessinsider.com/walmart-robots-bossa-nova-check-inventory-staff-humans-2020-11?source=Snapzu

Canada’s House Prices Are Soaring Because Reality Doesn’t Matter Anymore

Many people have been scratching their heads lately trying to understand how it is that Canada’s average house price jumped more than 17 per cent during the worst economic crisis to hit the world in decades. On its face, it seems senseless.
Read more: https://www.huffingtonpost.ca/entry/house-prices-quantitative-easing-government-spending_ca_5f9d9279c5b616c2f315323d?source=Snapzu

How Sierra Was Captured, Then Killed, by a Massive Accounting Fraud

Sierra was one of the biggest game publishers of the 90s. Then they got an offer that was way too good to be true, but too good to decline.
Read more: https://www.vice.com/en/article/z3vem8/inside-story-sierra-online-death-cuc-cendant-fraud?source=Snapzu

Under Armour to sell MyFitnessPal for $345 million, after acquiring it in 2015 for $475 million

Global fitness giant Under Armour announced this morning that it will be selling MyFitnessPal to investment firm Francisco Partners for $345 million, five and a half years after acquiring it for $475 million.
Read more: https://techcrunch.com/2020/10/30/under-armour-to-sell-myfitnesspal-for-345-million-after-acquiring-it-in-2015-for-475-million/?source=Snapzu