Tech Brew Ride Home Thu. 08/14 – An Apple Pixar Lamp?
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Aug 14, 2025 New York is taking Zelle to court over major security failures linked to consumer fraud. A crypto startup's IPO soars by 84%, raising eyebrows on Wall Street. Apple might be getting into the business of AI robots and home tech, potentially designing a lamp reminiscent of Pixar. Meanwhile, the rise of AI in hiring is forcing companies like Cisco and Google to bring back in-person interviews, tackling the issue of candidates using AI to cheat during virtual assessments.
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Zelle Sued Over Longstanding Fraud Gaps
- New York AG says Zelle and its bank owners resisted basic safety features and let rampant scams persist for years.
- The suit seeks stronger anti-fraud protections and restitution for defrauded New Yorkers.
Real Consumer Scams Show Stakes
- One victim was told his would electricity be shut off unless he paid Con Edison $1,477 via Zelle.
- Another lost $2,600 buying a puppy and said Chase and Zelle wouldn't help after he was scammed.
Crypto IPOs Seeing Hot Market Re‑Entry
- Bullish's IPO surged 84% on debut, reflecting renewed appetite for crypto public listings.
- The market is again rewarding crypto firms with big pops and heavy oversubscription.