Big Tech Is in Crisis. That's Exactly What It Needed. – Bloomberg

Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
Bed Bath & Beyond Shares Are Worth Only a Dime, KeyBanc Says
Lufthansa to Bring Back Aging A340 Jets to Add More First-Class Seats
Fed’s Bullard Says Rates Are Getting Closer to Sufficiently High
US May See Only Mild Economic Recession, Rajan Says
ECB Should Hit Terminal Rate by Summer, Then Hold, Villeroy Says
Andretti Partners With General Motors for Cadillac F1 Bid
Justice Jackson Is Writing Memoir Titled ‘Lovely One’
China’s Giant Chip Ambitions Fall Prey to Covid Turmoil
Sony and Honda Unveil Afeela EV in Latest Challenge to Tesla
IRS Ticks Off Tesla, Pleases Hyundai With EV Tax Credits
Boric Rolls Out $2 Billion Aid Package as Chile’s Economy Worsens
Macron Urges Energy Suppliers to Cut ‘Excessive’ Contracts
Compass Is Eliminating More Jobs as US Housing Market Slows
College Admissions Cheating Mastermind Gets 3 1/2 Years Prison
‘Avatar 2’ Beats ‘Top Gun’ Sequel With $1.5 Billion in Global Sales
As COVID Surges in China, US Begins Testing More Travelers
CoinDeal’s Bentleys Weren’t Real
China’s Covid Surge Poses a Challenge to the World
A Month of Russian Oil Sanctions Puts the Heat on Putin
It Takes 6,000 Gallons of Water to Cool the World’s Fastest Supercomputer
The Many Forces Fueling Tesla’s $860 Billion Tumble
California’s Workers’-Rights Push Threatens What’s Left of ‘Made in the USA’ Fashion
Justice Jackson Is Writing Memoir Titled ‘Lovely One’
Finnish Defense Minister Takes Paternity Leave as Country Prepares to Join NATO
Meet the Climate Quitters
As Powerful California Storm Weakens, Another Lashing Looms
Valparaiso’s Decline Leaves Unesco World Heritage Site Graffitied, Crumbling
How Formerly Incarcerated People Won Legal Protection in Atlanta
Relentless Rents Leave Few Choices for Americans Relying on Assistance
Crypto’s Alpha Male Culture, Explained (Podcast)
What’s to Become of Miami’s “Crypto Hub” Status? (Podcast)
Indonesia to Start Crypto Exchange Ahead of Regulatory Shift
Painful pressures and AI advances will help reinvigorate a lackluster industry. 
Startups are positioned to scoop up the best of Big Tech.
Illustration: Jessica Karl

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Joshua Browder, a 26-year-old entrepreneur from the UK, recently supercharged his main product in a way that he could hardly have imagined a few years ago.
His startup DoNotPay had spent several years developing a chatbot that could negotiate erroneous or excessive fines and fees on behalf of consumers — think unwarranted parking tickets — building a database of expertise based on its history of human interactions.