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Alibaba Faces $2.8 Billion Fine From Chinese Regulators

China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely.Beijing’s market watchdog began investigating Alibaba in December for potential antitrust violations including preventing merchants from selling their goods on other shopping platforms. On Saturday, the regulator said its investigation had concluded that Alibaba had hindered competition in online retail in China, affected innovation in the internet economy and harmed consumers’ interests.The fine on Alibaba, one of China’s …

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Amazon Workers Defeat Union Effort in Alabama

Amazon beat back the most significant labor drive in its history on Friday, when a tally showed that workers at its giant warehouse in Alabama had voted decisively against forming a union.Workers cast 1,798 votes against a union, giving Amazon enough to emphatically defeat the effort. Ballots in favor of a union trailed at 738, less than 30 percent of the votes tallied, according to federal officials. The lopsided outcome at the 6,000-person warehouse in Bessemer, Ala., dealt a crushing blow to labor organizers, Democrats and their allies at a time when conditions have been ripe for unions to make advances.Amazon, …

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Are NFT Purchases Real? The Dollars Are.

Is his art real, I asked? He said he provides his buyers with physical screens with his works on them, so that’s kind of real, maybe.Then he held up his phone and showed me an app that summarized his personal financial assets: At that moment, they included $56,635,781.41 in cash. He had received his payment in cryptocurrency, and immediately converted it into what I still think of as real money. The digital artist had transformed most of his new wealth into something I could understand: U.S. dollars.But those dollars on his screen are a digital representation, too! “ …

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Online Scammers Have a New Offer For You: Vaccine Cards

SAN FRANCISCO — On Etsy, eBay, Facebook and Twitter, little rectangular slips of paper started showing up for sale in late January. Printed on card stock, they measured three-by-four inches and featured crisp black lettering. Sellers listed them for $20 to $60 each, with a discount on bundles of three or more. Laminated ones cost extra.All were forgeries or falsified copies of the Centers for Disease Control and Prevention vaccination cards, which are given to people who have been inoculated against Covid-19 in the United States.“We found hundreds of online stores selling the cards, potentially thousands were sold,” said Saoud Khalifah, …

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From the Charred Wreck of a Lamborghini, a D.I.Y. Supercar

PORTLAND, Ore. — Under the rear hood of Chris Steinbacher’s Lamborghini Huracán sits a Chevy engine. Sure, it’s a twin turbo, and, yes, it pumps a menacing 900 horsepower to the wheels, but the pedigree is Detroit, not Italy. And the rest of the car was basically put together in Portland.Lamborghini purists may want to cover their eyes now.The left-for-dead Lambo is one of Mr. Steinbacher’s salvaged supercars. He bought it — what was left of it, anyway, after a fire burned it nearly in two — for $40,000, and it was delivered via forklift. (A new Huracán can approach $300,000, …

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Amazon’s Clashes With Labor: Days of Conflict and Control

In recent weeks, a heated discussion about whether Amazon’s workers must urinate in bottles because they have no time to go to the bathroom — a level of control that few modern corporations would dare exercise — has raged on Twitter.“Amazon is reorganizing the very nature of retail work — something that traditionally is physically undemanding and has a large amount of downtime — into something more akin to a factory, which never lets up,” said Spencer Cox, a former Amazon worker who is writing his Ph.D. thesis at the University of Minnesota about how the company is transforming labor. “For …

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Returning to the Office Sparks Anxiety and Dread for Some

Last fall, after some of the restrictions had eased in Germany, Trivago, a travel company based in Düsseldorf, let employees work remotely three weeks of the month and then spend one week in the office. The office weeks were designed for collaboration and were treated like celebrations, with balloons hanging from the ceilings and employees plied with coffee and muffins, said Anja Honnefelder, the chief people officer and general counsel of the company.But the experiment failed, she said. “We saw that many of the people only came back for two or three days during the week because it felt …

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That Spotty Wi-Fi? There’s $100 Billion to Fix It.

WASHINGTON — Kimberly Vasquez, a high school senior in Baltimore, faced a tough problem when the pandemic began. She had no fast internet service in her home, but all her classes were online.Marigold Lewi, a sophomore at the same school, was regularly booted off Zoom classes because of her slow home connection.Ms. Lewi spent a lot of time explaining Zoom absences to teachers. Ms. Vasquez sat outside local libraries to use their internet access and at times used her phone. The two of them helped push a successful public campaign for better and free service to low-income families in …

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If You Care About Privacy, It’s Time to Try a New Web Browser

Meet the private browsersFirefox Focus, DuckDuckGo and Brave are all similar, but with some important differences.Firefox Focus, available only for mobile devices like iPhones and Android smartphones, is bare-bones. You punch in a web address and, when done browsing, hit the trash icon to erase the session. Quitting the app automatically purges the history. When you load a website, the browser relies on a database of trackers to determine which to block.Let Us Help You Protect Your Digital LifeDuckDuckGo, also available only for mobile devices, is more like a traditional browser. That means you can bookmark your favorite …

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The Start-Up Enemies of Wall Street Are Booming

“The infrastructure has gone to a whole other level,” said CJ MacDonald, founder of Step, a debit card provider aimed at teenagers. Introduced in September, Step quickly reached one million customers, partly from endorsements from social media influencers like Charli D’Amelio.In December, Step raised $50 million in funding. The company was not looking for more money, Mr. MacDonald said. But investors started calling as soon as the app joined the top-downloaded finance app list shortly after it was released. The money came together in a matter of weeks, he said.Investors are even clamoring to buy into broken deals. …

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