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WSJ Tech News Briefing

TNB Tech Minute: Starbucks Wrestles With Ransomware Attack

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 25 November 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, prospective Bitcoin investors are instead buying shares in a software company that owns tens of billions of the cryptocurrency’s tokens. And Chinese tech company Bilibili beat quarterly expectations thanks to a new videogame release. Danny Lewis hosts.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

exchanges the goldman sacks podcast featuring exchanges on rates inflation and u.s recession risk

0:12.1

exchanges on the market impact of ai for the sharpest analysis on forces driving the markets

0:18.8

and the economy count on exchanges between the leading

0:22.1

minds at Goldman Sachs. New episodes every week. Listen now. Here's your TMB Tech Minute for Monday,

0:34.5

November 25th. I'm Danny Lewis for the Wall Street Journal.

0:38.7

Starbucks says a ransomware attack on one of its software suppliers is affecting how it

0:43.1

pays its baristas. The coffee giant says the system its employees use to view and manage their

0:48.6

schedules has been disrupted since late last week. The outage has affected about 11,000 Starbucks-owned stores in North America,

0:56.6

forcing cafe managers to manually calculate employees pay. The company says it will ensure staff

1:02.3

are paid for all hours worked. Some individuals looking to invest in Bitcoin are instead buying

1:08.3

shares in a software company that holds tens of billions of dollars

1:11.7

of the cryptocurrency token. Micro Strategy has bought roughly $36 billion in Bitcoin since 2020

1:18.7

and is trading more than twice the value of those holdings. The company's shares have soared

1:23.9

more than sixfold this year and 77% since November 5th, with traders

1:28.6

betting that the digital assets industry will flourish under President-elect Donald Trump.

1:33.9

But while some investors say the company's volatility can help amplify gains quickly, skeptics

1:38.7

question if it's sustainable.

1:41.8

And Chinese tech company Billy Billy beat expectations for its third quarter earnings, according to Morningstar.

1:47.9

The financial services company says that's thanks to robust game revenue driven by the June release of a strategy game based on the 14th century novel, Romance of the Three Kingdoms.

1:58.2

For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.

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