Business

Coachella Parent Donates Big To Support Abortion Bans

Popular Information reports: June 24, the day the Supreme Court overturned Roe v. Wade, the Republican Attorneys General Association reached out to its supporters with an urgent plea for money: “[E]very donation will help Republican Attorneys General combat the Democrats’ pro-abortion agenda and stand tall for life.” Several days later, on June 29, according to a filing submitted to the …

Read More »

Facebook Remakes App To Copy TikTok’s Algorithm

Axios reports: Facebook wants to shape your online life around the algorithmically-sorted preferences of millions of strangers around the globe. That’s how TikTok sorts the videos it shows users, and that’s largely how Facebook will now organize its home screen. The dominant player in social media is transforming itself into a kind of digital mass media, in which the reactions …

Read More »

Musk Denies Affair With Google Co-Founder’s Wife

The Guardian reports: Elon Musk has denied a Wall Street Journal report claiming he had an affair with Nicole Shanahan, the wife of the Google co-founder Sergey Brin, accusing the outlet of running “hit pieces” on him and Tesla. The chief executive of the electric carmaker tweeted on Monday rejecting the claim that he had an affair with Shanahan as …

Read More »

WSJ: Musk Had Affair With Wife Of Google Co-Founder

The Wall Street Journal reports: Elon Musk engaged in a brief affair last fall with the wife of Sergey Brin, prompting the Google co-founder to file for divorce earlier this year and ending the tech billionaires’ long friendship, according to people familiar with the matter. Their falling out is one of a string of personal issues Mr. Musk has faced …

Read More »

Walgreens Staffer Refused To Sell Condoms To Woman On Religious Grounds, Company Says That’s Allowed

NBC News reports: A pair of shoppers at a Walgreens in Wisconsin said an employee refused to sell condoms to them on religious grounds — something Walgreens said is permitted under its policies. Nathan Pentz tweeted earlier this month that his partner, Jess, went to buy condoms at a store in Hayward because she forgot her birth control. He said …

Read More »

Tesla Sells Off Most Of Its Bitcoin At Huge Loss

Yahoo News reports: Electric car maker Tesla sold $936 million worth of bitcoin during the second quarter, the company said Wednesday, citing uncertainties related to COVID-19 shutdowns in China. Tesla’s remaining digital asset holdings total $218 million, a sharp drop from its previous stash of $1.2 billion, which had gone untouched over the previous three quarters. “We are certainly open …

Read More »

90% Of Companies Silent On Abortion After Roe Ruling

Axios reports: Only 10% of companies have made, or plan to make, a public statement about abortion in the wake of the Supreme Court’s decision overturning Roe v. Wade, according to a survey of approximately 300 public, private and nonprofit entities released Tuesday by the Conference Board. In recent years, businesses have increasingly taken stands on social issues — particularly …

Read More »

Elon Musk Loses Attempt To Delay Twitter Buyout Trial

Reuters reports: Twitter Inc’s lawsuit to hold Elon Musk to his $44 billion takeover will go to trial in October after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal’s uncertainty. The ruling is a blow to Musk who pushed for a trial in February which his lawyer told the court would …

Read More »

Amazon Sues Over Fake Reviews Coordinated On FB

The Wall Street Journal reports: Amazon said it filed a lawsuit against the administrators of what it says are more than 10,000 Facebook groups used to coordinate fake reviews of Amazon products. Those in charge of the Facebook groups solicit the reviews for items ranging from camera tripods to car stereos in exchange for free products or money, Amazon said …

Read More »

Fired Anti-Abortion Flight Attendant Awarded $5.1M

The Associated Press reports: A former Southwest Airlines flight attendant who was fired after sparring with her union president over abortion and other issues won a $5.1 million jury verdict against the airline and the union. If it stands, Charlene Carter could collect $4.15 million from Southwest and $950,000 from Local 556 of the Transport Workers Union, mostly in punitive …

Read More »

Musk Seeks To Delay Twitter Trial Until Next Year

Bloomberg News reports: Elon Musk’s lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims the billionaire improperly canceled his proposed $44 billion buyout of the social media company, and asked that the case be heard next year instead. Musk is requesting a Feb. 13, 2023, trial at the earliest, “an extremely rapid schedule for …

Read More »

NY To See Up To 200 Weed Stores By End Of Year

The New York Daily News reports: State regulators approved rules Thursday governing New York’s soon-to-begin retail cannabis sales, ensuring the first batch of licenses will go to business owners with past pot convictions. Under the state’s Seeding Opportunity Initiative, between 100 and 200 dispensary licenses could be issued by this fall, with sales allowed before the end of the year. …

Read More »

Twitter: Musk’s Poop Emoji Tweet Violated Our Deal

The Insider reports: In a lawsuit filed Tuesday, Twitter cited posts made by billionaire Elon Musk — including one of a single poop emoji — as evidence he had disparaged the company in violation of contracts he was beholden to when he agreed to buy it for $44 billion. When Musk sent the poop emoji on May 16, the single-character …

Read More »

Major Cryptocurrency Outfit Files For Bankruptcy

Reuters reports: U.S. crypto lender Celsius Network said on Wednesday it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency sector of a dramatic plunge in token prices. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. In …

Read More »

Netflix Readies Cheaper Advertising-Based Plan

Reuters reports: Netflix Inc said on Wednesday it has selected Microsoft Corp as technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscriber growth by rolling out a cheaper plan. Netflix said in April that it would introduce a new, lower-priced version of its service in a bid to attract more …

Read More »

Twitter Feared Musk Wanted Data To Build Competitor

The Insider reports: Twitter says it handed over massive amounts of user data to Elon Musk over the last several months, even as it grew concerned that he could use it to his own ends. In a lawsuit filed Tuesday against Musk over his attempt to walk away from his $44 billion deal to buy the platform, Twitter said the …

Read More »

Twitter Sues Elon Musk To Compel $44B Buyout Deal

NPR reports: Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world’s richest person said last week he was calling off. The lawsuit, filed in Delaware’s Court of Chancery on Tuesday, accuses Musk of hypocrisy and bad faith in his dealings with Twitter. It sets Twitter and Musk …

Read More »

Musk Mocks Legal Action By Twitter With Memes

CNN Business reports: Elon Musk mocked Twitter’s efforts to force him to purchase the company — in a tweet, of course. Early Monday, Musk tweeted four images of him laughing next to captions that read: “They said I couldn’t buy Twitter. Then they wouldn’t disclose bot information. Now they want to force me to buy Twitter in court. Now they …

Read More »

Twitter And Musk Lawyer Up Over Failed Buyout Deal

Bloomberg News reports: Twitter Inc. has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter. The social media company aims to file suit early this week, according to the people, who declined to be identified …

Read More »

Musk Dodges Questions About Twitter Deal Breakup

The Guardian reports: Elon Musk reportedly talked about the colonization of Mars and boosting Earth’s birthrates during his keynote address at Allen & Co’s Sun Valley conference on Saturday, but he avoided discussing his attempt to withdraw from his $44bn bid to buy Twitter. The billionaire accused the social media firm of failing to provide information on bot accounts, among …

Read More »