ownership stake
Socialism, But Make It Trump
After Zohran Mamdani's victory, Republicans are fearmongering about Democrats turning socialist. Meanwhile, Donald Trump is busy taking stakes in private companies and ordering them around. With the victory of Zohran Mamdani, a self-described democratic socialist, in New York City's mayoral election last week, socialism is on the march. "This is the future House Democrats want, and your city could be next," an N.R.C.C. ad blared the day after Mamdani won. Mamdani is hardly representative of the national Democratic Party.
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Softbank Robotics Europe cutting workforce 40% in shake-up
Softbank Robotics Europe, the group behind two of the more recognizable robots, is laying off 40% of its workforce. On July 7, the developer of the famous Nao and Pepper robots will reduce its Paris-based workforce that had 330 employees as of March 2021. The Robot Report confirmed this news, which was first reported by French media outlet Le Journal du Net. Softbank Robotics Europe lost \$38 million in its fiscal 2019-2020 year and more than \$119 million over the last three years, according to Le Journal du Net. Despite their worldwide fame, the Nao and Pepper robots never achieved financial success.
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