The popular meme stock is back on Reddit's radar.
In order to settle a lawsuit brought by the US Equal Employment Opportunity Commission, Activision Blizzard has agreed to establish an $18 million fund for eligible claimants meaning, employees who were harmed by the company's discriminatory hiring and management practices. The EEOC lawsuit was filed Monday, and that same afternoon, Activision Blizzard announced the $18 million conclusion.Activision Blizzard is the company behind blockbuster video game franchises including Call of Duty, World of Warcraft, Diablo and Overwatch. Activision Blizzard's revenue for the year 2020 was $8.1 billion, with a profit of more than $2 billion.Today's $18 million agreement follows a three-year investigation into Activision Blizzard by the EEOC. The agreement is subject to court approval, and any leftover funds will be distributed among equality groups in the video game industry. The company is also upgrading its workplace policies and appointing a third-party equal opportunity consultant that will report to the Board of Directors and the EEOC.This is just one of several lawsuits assailing Activision Blizzard at the moment. The first was filed by California's Department of Fair Employment and Housing on July 20th, following a years-long investigation that concluded Activision Blizzard executives fostered a sexist, frat-boy style culture, and the company routinely violated equal-pay and labor laws. Since then, the SEC has opened its own investigation into the company, investors have filed a separate lawsuit, and the National Labor Relations Board is looking into complaints of coercion and interrogation at Activision Blizzard in response to the recent legal pressure. Several high-profile executives have left the company.
Things got super awkward at this press conference. Andrew might not be able to play home games for his team, and that could cost him millions. It's like the vaccine is the only shot he won't take!
With the addition of features like a 120Hz display on some models, Apples iPhone 13 lineup is many ways a step above the phones the company shipped last year. But when it comes to the question of repairability, the story is more complicated. Conducting a teardown of the device, iFixit found it couldnt get the iPhone 13s Face ID feature to work if replaced the phones display. No matter what workaround it tried, iFixit could not get Face ID to work again. By its estimation, the display on the iPhone 13 lineup is serial-locked to the device. Right now, if you replace your screen, Apple kills your Face ID, unless they control the repair, the company warns.While obviously not a good look for Apple, there may be a simple explanation for whats happening. iFixit says it spoke to a licensed repair technician who said they were told by Apple support that the issue is a bug the company plans to fix in a future iOS release. Weve reached out to Apple for more information. If it turns that limitation is not a mistake, it would be a brazen move on Apples part given that the FTC, at the behest of President Joe Biden, recently voted unanimously to tackle unlawful repair restrictions.