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PRESS DIGEST - Wall Street Journal - April 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.


- Gap Inc said it is eliminating 1,800 jobs as part of a broad restructuring aimed at making the company more nimble and less bureaucratic.


- Dropbox Inc will cut 500 jobs, about 16% of its workforce, amid slowing growth and an industrywide push toward artificial intelligence.


- Vice Media said it was restructuring its global news operation, including shutting down its Vice News Tonight broadcast, as the embattled media company looks to sell itself.


- Lyft Inc said Thursday that it is cutting over 1,000 additional jobs, days after a new chief executive took over and following a round of layoffs of 700 people in November.


- Coinbase Global Inc said Thursday it would fight the Securities and Exchange Commission over the agency's claim that much of its business is illegal and try to convince a court that Wall Street regulators lack the authority to oversee cryptocurrency markets.


- A U.S. appeals court on Thursday refused to revive a lawsuit filed by states against Meta's Facebook that alleged the company had broken antitrust law.




(Compiled by Bengaluru newsroom)

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