Business

NYC Comedy Club Loses $3M Suit Over Anti-Vax Post

Upper East Site reports: In a victory for free speech, a Manhattan judge has dismissed a $3 million lawsuit against Upper East Site brought by The Comic Strip, the iconic Upper East Side comedy venue whose antisemitic and anti-vaccination social media post last year embroiled the venue in controversy. The judge even went as far to say that allowing the …

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Whole Foods Closes Flagship SF Store Over Thefts

SF Gate reports: After a short stint in downtown San Francisco, the Whole Foods at 1185 Market St. is closing this week. The Whole Foods at Trinity Place is set to close on April 11, a Whole Foods Market spokesperson confirmed with SFGATE. “To ensure the safety of our Team Members, we have made the difficult decision to close the …

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Tupperware Warns It May Soon Go Out Of Business

The New York Daily News reports: Food-storage company Tupperware’s stock tumbled on Monday after warning it could be on the brink of going out of business after nearly 80 years. The 45% slide came after the company announced it had hired financial advisers to help keep the company solvent amid “substantial doubt about the company’s ability to continue as a …

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Ousted Twitter Executives Sue Over Their Legal Bills

Agence France-Presse reports: Three top Twitter executives who were sacked by Elon Musk last year when he took over the social media company filed suit on Monday, seeking to be reimbursed for costs of litigation, investigations and congressional inquiries related to their former jobs. Ex-CEO Parag Agrawal, along with the company’s former chief legal and financial officers, claim in the …

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Musk Paints Over “W” In Twitter Headquarters Sign

The Daily Beast reports: Twitter CEO Elon Musk has apparently gone to new lengths in his childish joke to have his multibillion-dollar social media company renamed “Titter.” Last week, images were posted on social media showing the sign on the company’s San Francisco office with the “w” covered up. On Sunday night, Musk said he was forced to uncover the …

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Tesla Workers Shared Videos From Customers’ Cars

Reuters reports: Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously important to us.” The cameras it builds into vehicles to assist driving, it notes on its website, are “designed from the ground up to protect your privacy.” But between 2019 and 2022, groups of Tesla employees privately shared via an …

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Musk Attaches “State Media” Label To NPR’s Account

Forbes reports: Twitter added a warning to NPR’s Twitter account on Tuesday, declaring it as “state-affiliated media,” a label that’s typically been reserved for foreign media outlets that represent the official views of the government, like Russia’s RT and China’s Xinhua. In fact, several people on Twitter pointed out that the social media company specifically said that news outlets like …

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DeSantis Orders Criminal Probe Into Disney’s Move

The Orlando Sentinel reports: Gov. Ron DeSantis asked Florida’s chief inspector general on Monday to look into agreements the Reedy Creek Improvement District made with Disney just before the state takeover. DeSantis requested a “thorough review and investigation” in a letter Monday to Melinda Miguel, Florida’s chief inspector general. Last week, DeSantis’ new hand-picked board disclosed that previous board members …

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Richard Branson’s Virgin Orbit Files For Bankruptcy

The BBC reports: British billionaire Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment. The satellite launch company halted operations weeks ago but it hopes to find a buyer for the business. The company, based in California, announced last week that it would cut 85% of its 750-strong workforce. …

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Musk Swaps Twitter Logo For Logo Of Crypto “Meme Coin” Whose Investors Are Suing Him For $258 Billion

Tech Crunch reports: Today Twitter users are noticing that an image of a dog has been added to a place of prominence. You can see it for yourself on Twitter.com, where you will be greeted with a pup. The particular dog image — a Shiba Inu — corresponds with the logo of the dogecoin blockchain and cryptocurrency. Normally the swapping …

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Disney CEO: “Retaliatory” DeSantis Is “Anti-Business”

Deadline reports: Calling moves by Gov. Ron DeSantis “anti-business and anti-Florida,” Bob Iger showed today that he isn’t afraid of a street brawl with the likely GOP presidential hopeful. “We love the state of Florida,” the Disney CEO said today at the company’s annual shareholder meeting, his first since returning to the top job in November. “We respect and appreciate …

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Orlando Paper Scorches DeSantis On Disney’s Move

From the editorial board of the Orlando Sentinel: From now on, Gov. DeSantis, save your tantrums for your taxpayer-funded mansion and endless trips to court donors and rally support in other states.  Whenever you happen to be in Florida, focus on your actual job: Running a massive state government where people are dying every day of drug overdoses and mass …

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Musk Yanks Blue Check From “Propaganda” NY Times

Mediaite reports: Elon Musk has made his first big blue check takedown, and his target is one of the most esteemed newspapers in the world. Twitter previously announced that on Saturday, it would begin “winding down” its “legacy verified program” by removing badges they deemed “legacy verified checkmarks.” The New York Times, which has 54.9 million followers on the social …

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Truth Social Faces Deadline To Keep $300M In Funding

The New York Times reports: If the merger is not completed in the next six months, Digital World — established as a special purpose acquisition corporation — will have to return the $300 million it raised from investors in 2021 through an initial public offering. But it is not clear that the investigations by the Securities and Exchange Commission and …

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Florida Lawmakers Don’t See Fix To Disney’s Slick Move

Florida Politics reports: Gov. Ron DeSantis’ administration is vowing to take legal action against the former board members of the former Reedy Creek Improvement District over their move to cement the Walt Disney Company’s control over the district, but Senate and House leaders are unsure there’s a legislative solution to the issue. “I think we’re going to take a look …

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Top Firms Cut Twitter Ad Spends By 89% Under Musk

Bloomberg News reports: In the weeks after Elon Musk acquired Twitter Inc., hundreds of advertisers paused spending on the platform, wary of the changes the mercurial billionaire might bring to the social media platform. Months later, many still haven’t returned, despite efforts by Twitter’s sales team to woo them back with steep discounts and new safety tools. From September to …

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Major Egg Producer Reports Profits Up Over 700%

CNN Business reports: Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg prices. The company, which controls about 20% of the US egg market according to Reuters, said its average selling price for a dozen eggs in the quarter ending February 25 was $3.30, more …

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DeSantis Board Rages Disney Made Them “Powerless”

The Orlando Sentinel reports: Gov. Ron DeSantis’ handpicked board overseeing Disney World’s government services is gearing up for a potential legal battle over a 30-year development agreement they say effectively renders them powerless to manage the entertainment giant’s future growth in Central Florida. Ahead of an expected state takeover, the Walt Disney Co. quietly pushed through the pact and restrictive …

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Global Corporations Condemn Anti-LGBTQ Uganda Bill

Reuters reports: A coalition of international companies, including Google and Microsoft, on Wednesday denounced anti-LGBTQ legislation passed by Uganda’s parliament last week, warning it would damage the East Africa country’s economy. The Open for Business coalition said the legislation, which criminalises identifying as lesbian, gay, bisexual, transgender or queer, would curb investment flows and deter tourists. The bill imposes the …

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Most Of Twitter’s Paid Users Have Very Few Followers

Mashable reports: Researcher Travis Brown, who has been tracking Twitter Blue subscriptions since January, recently revealed around half of all users subscribed to Twitter Blue have less than 1,000 followers. That’s approximately 220,132 paying subscribers. Furthermore, 78,059 paying Twitter Blue subscribers have less than 100 users following their account. That’s 17.6 percent of all Twitter Blue subscribers. There are 2,270 …

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