The disquiet

For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in 2011 and held the title almost without interruption.But a transfer of power has begun.On Friday, Microsoft surpassed Apple, claiming the crown after its market value surged by more than $1 trillion over the past year. Microsoft finished the day at $2.89 trillion, higher than Apple’s $2.87 trillion, according to Bloomberg.The change is part of a reordering of the stock market that was set in motion by the advent of generative artificial intelligence. The technology, which can answer questions, create images and write code, has been heralded for its potential to disrupt businesses and create trillions of dollars in economic value.When Apple replac...

The Justice Department charged eBay on Thursday with stalking, witness tampering and obstruction of justice in a rare criminal case against a well-known Silicon Valley company.The charges, which will be dropped under a deferred prosecution agreement if eBay maintains a good record for the next three years, stem from actions taken by the company in 2019 to undermine and silence the writers of an e-commerce newsletter that was mildly critical of some of its behavior. The intimidation efforts included various forms of cyberstalking and harassment that were continuing when the perpetrators were arrested.In its agreement with the government, eBay will engage an independent corporate compliance monitor. It also agreed to pay a criminal penalty of $3 million, the maximum fine for its six felony o...