An anonymous reader shares a report: PayPal said on Tuesday it was booting its CEO and replacing him with its board chair Enrique Lores, sparing no ambiguity as to why: "The pace of change and execution was not in line with the Board's expectations," it said in a statement. One group that was blindsided was HP, where Lores was until Tuesday serving as CEO, according to people familiar with the matter.
Lores' switchup sent them rushing to launch a search process, those people said. HP's board does have internal candidates which it's considering for the top job, according to a person familiar with the board's thinking. As chair of PayPal's board, Lores played a role in a process evaluating internal and external candidates. It was unclear when or if he recused himself from the final decision to name him as CEO. But HP's board was only made aware that Lores was taking the CEO role at PayPal in recent weeks, the people said.
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Security updates have been issued by AlmaLinux (fence-agents, gcc-toolset-15-binutils, golang-github-openprinting-ipp-usb, iperf3, kernel, kernel-rt, openssl, osbuild-composer, php:8.2, python3, util-linux, and wireshark), Debian (clamav and xrdp), Fedora (gimp and openttd), Mageia (docker-containerd), Oracle (gimp:2.8, golang-github-openprinting-ipp-usb, grafana-pcp, image-builder, iperf3, kernel, openssl, osbuild-composer, php, php:8.2, php:8.3, python3.9, util-linux, and wireshark), SUSE (cockpit-subscriptions, elemental-register, elemental-toolkit, glibc, gpg2, logback, openssl-1_1, python-urllib3, ucode-amd, and unbound), and Ubuntu (inetutils, libpng1.6, mysql-8.0, mysql-8.4, openjdk-17, openjdk-17-crac, openjdk-21, openjdk-21-crac, openjdk-25, openjdk-25-crac, openjdk-8, openjdk-lts, and thunderbird).
An anonymous reader shares a report: By now, the Forbes 30 Under 30 list has become more than a little notorious for the amount of entrants who go on to be charged with fraud.[...] Gokce Guven, a 26-year-old Turkish national and the founder and CEO of fintech startup Kalder, was charged last week with alleged securities fraud, wire fraud, visa fraud, and aggravated identity theft. The New York-based fintech startup -- which uses the "Turn Your Rewards into [a] Revenue Engine" tagline -- says it can help companies create and monetize individual rewards programs. The company was founded in 2022, and offers participating firms the opportunity to earn ongoing revenue streams via partner affiliate sales, Axios previously reported.
Guven was featured in last year's Forbes 30 Under 30 list. The magazine notes in the writeup that Guven's clients included major chocolatier Godiva and the International Air Transport Association, the trade organization that represents a majority of the world's airlines. Kalder also claims to have enjoyed the backing of a number of prominent VC firms. The U.S. Department of Justice alleges that, during Kalder's seed round in April of 2024, Guven managed to raise $7 million from more than a dozen investors after presenting a pitch deck that was rife with false information.
According to the government, Kalder's pitch deck claimed that there were 26 brands "using Kalder" and another 53 brands in "live freemium." However, officials say that, in reality, Kalder had, in many cases, only been offering heavily discounted pilot programs to many of those companies. Other brands "had no agreement with Kalder whatsoever -- not even for free services," officials said in a press release announcing the indictment. The pitch deck also "falsely reported that Kalder's recurring revenue had steadily grown month over month since February 2023 and that by March 2024, Kalder had reached $1.2 million in annual recurring revenue." The government also accuses Guven of having kept two separate sets of financial books.
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The original Switch is officially Nintendo's best-selling console of all time after surpassing the DS handheld in lifetime sales. From a report: In its latest earnings release, Nintendo reports that the Nintendo Switch has, as of December 31, 2025, sold 155.37 million units since its launch in 2017, compared to 154.02 million units for the 2004 Nintendo DS.
In November, Nintendo reported that the Switch and DS were neck and neck. We expected the holiday sales period would see the Switch surpass the DS, even with Nintendo announcing that primary development would focus on the Switch 2. Nintendo previously said that it would continue to sell the original Switch "while taking consumer demand and the business environment into consideration."
Nintendo has to keep selling the Switch if it wants to dethrone Sony's PlayStation 2 as the best-selling video game console of all time. The PlayStation 2, discontinued in January 2013, sold more than 160 million units over its 13-year lifespan.
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The U.S. laid fiber-optic cables to a record number of homes last year as billions of dollars in federal broadband grants and a surge in data-center construction fueled an enormous buildout, but the industry does not have enough workers to sustain the pace.
A 2024 report by the Fiber Broadband Association and the Power & Communication Contractors Association projects 58,000 new fiber jobs between 2025 and 2032 and estimates 120,000 workers will leave the field in that period, mostly through retirement -- a combined shortage of 178,000. The gap is especially acute among splicers, who fuse hair-thin filaments by hand, and directional drill operators.
Telecommunications line installers and repairers earned annual median wages of $70,500 for the year ended May 2024, according to the Bureau of Labor Statistics, against a $49,500 national median. Push, a utility-construction firm, raised hourly pay for fiber crews by 5% to 8% in each of the past several years and expects the pace to quicken.
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