Skip to main content

New Fortune 500 Rankings: Texas Overtakes California, But Amazon is #1, Beating Walmart

9 hours 32 minutes ago
"Texas has dethroned California as the state with the most Fortune 500 companies," reports the Los Angeles Times: The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California's 56. It's a reversal from two years ago when the Golden State had the pole position... California's corporate haters say they try to avoid the state's high costs, income taxes and strict regulations, but the western state is still a top money maker. "California dominates on nearly every other measure: its Fortune 500 companies are the most profitable ($647 billion), most valuable ($20 trillion), and employ more people than any other state (2.8 million workers)," Fortune said in a news release. Indeed, despite the naysayers, Californian companies have been leading the world in developing artificial intelligence technology as well as the latest in space and defense tech. The state is home to nearly 400 "unicorns," or billion-dollar startups — more than any other state, according to CB Insights. It also gobbled up nearly two-thirds of U.S. venture capital last year, with San Francisco Bay Area startups such as OpenAI leading the way, according to the business information platform Crunchbase. Texas and California have been in a tug-of-war for the crown. In 2024, after a decade, California bagged the top spot with 57 companies on the list, while Texas and New York tied in second with 52 companies each... The fourth spot was tied between Illinois and Ohio, with 29 companies each. Amazon was the top company on the list, ending Walmart's 13-year reign at the top of the annual Fortune 500 companies list. Amazon's 2025 revenue was $716.9 billion, compared with Walmart's $713.2 billion. Seattle-headquartered Amazon joined Exxon Mobil, General Motors, and Walmart as the only four companies to have ever held the top position since Fortune began publishing the data in 1955.

Read more of this story at Slashdot.

EditorDavid

The Gamer-Rights Group Fighting to Make the Industry Stop Killing Games (Servers)

10 hours 51 minutes ago
"Can a company take away something you've already paid for?" asks the BBC. "In the world of online video games, some already do." Publishers can decide to switch off a game's servers, often leaving it effectively unplayable. Stop Killing Games, a growing consumer rights campaign started by American YouTuber Ross Scott in 2024, is challenging that practice. In January, the group submitted a petition featuring nearly 1.3 million signatures to the European Commission, triggering a public hearing in the European Parliament in April. What began as an online campaign is now awaiting a decision from one of the EU's most powerful institutions... Scott's campaign began following an announcement from the major studio Ubisoft, saying it would shut down the online-only racing game The Crew in 2024... Ubisoft has already defended its position in court. Responding to a proposed class-action lawsuit brought by two The Crew players in California, the studio argued that customers had purchased a licence to use the game, not unlimited ownership rights, and that players had been warned online services would not be available forever. The lawsuit was dismissed without prejudice in June 2025, after the plaintiffs voluntarily withdrew the case. The wider games industry has also pushed back against the campaign. Video Games Europe, which represents many of the industry's largest publishers, said shutting down online services "must be an option" when games are no longer commercially viable. It also warned that some of the campaign's proposals could make online-only games significantly more expensive to develop. "In no way are we asking companies to keep servers running or services going, they can end it any time they want," said Scott. Instead, he and his fellow campaigners argue that when a game is shut down it should be done "responsibly", with publishers considering "end-of-life plans" such as updating the game to work offline or releasing software that allows players to continue running it. Two key points from the article: "In March, French consumer group UFC-Que Choisir launched legal action against Ubisoft over the shutdown of The Crew, arguing that players were misled about the permanence of their purchase and that some of the company's contract terms were unfair." "The European Commission must respond to the European Citizens' Initiative — the petition brought by the group — by 27 July." Thanks to Alain Williams — Slashdot reader #2,972 — for sharing the article.

Read more of this story at Slashdot.

EditorDavid