Business

Meta To Pay $37M In User Location Tracking Lawsuit

Axios reports: Facebook parent company Meta has reached a $37.5 million settlement in a lawsuit that accused the company of violating user privacy by tracking location data through smartphones without asking users to do so. Meta has faced a number of legal challenges in recent years, and recently reached a separate $90 million settlement over location tracking. The new settlement …

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Former Exec Claims Twitter Lied To Feds About Security

The Washington Post reports: Twitter executives deceived federal regulators and the company’s own board of directors about “extreme, egregious deficiencies” in its defenses against hackers, as well as its meager efforts to fight spam, according to an explosive whistleblower complaint from its former security chief. The complaint from former head of security Peiter Zatko, a widely admired hacker known as …

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Musk Subpoenas Former Twitter CEO In Latest Ploy

The Verge reports: As Twitter and Elon Musk prepare for their October 17th trial date in the Delaware Court of Chancery to argue over his attempt to break their $44 billion acquisition agreement, Musk’s legal team submitted a subpoena for evidence from a familiar face: former Twitter CEO Jack Dorsey. Dorsey stepped down as Twitter CEO for the second time …

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Regal Cinemas Parent To Declare Bankruptcy In US

Reuters reports: Cineworld Group, the world’s second largest cinema chain operator, is preparing to file for bankruptcy, the Wall Street Journal reported on Friday, just days after warning that a lack of blockbusters would hit its liquidity in the near term. Shares in the London-listed company slumped more than 81% to a record low of 1.8 pence after the WSJ …

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Walmart Expands Abortion Coverage For Employees

CNBC reports: Walmart on Friday told employees that it will expand abortion and related travel coverage, according to an internal memo. The change comes about two months after the Supreme Court struck down the federal right to access the procedure. Effective immediately, Walmart’s health-care plans will cover abortion “when there is a health risk to the mother, rape or incest, …

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Starbucks Knockoff Chain Opens In Russia [VIDEO]

The Associated Press reports: People in Moscow who were disappointed when Starbucks closed its coffee shops after Russia sent troops into Ukraine may now feel a caffeine jolt of hope: A nearly identical operation is opening in the capital. The name’s almost the same: Stars Coffee. The logo could be the separated-at-birth twin of the Starbucks mermaid, with flowing hair, …

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Musk Lawyers Subpoena Ad Tech Firms In Twitter Fight

Reuters reports: Billionaire entrepreneur Elon Musk, who is attempting to walk away from his deal to acquire Twitter, is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter, according to filings in a Delaware court on Thursday. Musk’s lawyers have subpoenaed both Integral Ad Science and DoubleVerify …

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Musk To GOP Leaders: Stay Out Of People’s Bedrooms

Axios reports: Elon Musk told GOP congressional leaders and big-dollar donors on Tuesday that Republicans need to present a more compassionate front to voters and appeal to immigrants like himself, Axios has learned. While Musk has been publicly flirting with the Republican Party all year, his attendance at an exclusive GOP retreat in Wyoming marks a new level of involvement …

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Apple Expected To Launch Latest iPhone On Sept. 7th

Bloomberg News reports: Apple Inc. is aiming to hold a launch event on Sept. 7 to unveil the iPhone 14 line, according to people with knowledge of the matter, rolling out the latest version of a product that generates more than half its sales. The new iPhones will kick off a busy fall product season, which will also include multiple …

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American Airlines Orders 20 Supersonic Jets [VIDEO]

The Verge reports: American Airlines announced Tuesday that it has placed an order for up to 20 supersonic aircraft from Boom Supersonic, with an option for an additional 40 jets. American is the second major airline to bet on the return of ultra-fast air travel in just two years. The amount of money exchanging hands was not disclosed, but American …

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Heathrow Airport Extends Capacity Limits Amid Chaos

Via press release from Heathrow Airport: Following a consultation with airlines, Heathrow has confirmed it will extend the existing limits on the airport’s capacity through to 29 October, the end of the summer season. This will provide passengers with confidence ahead of their half-term getaways. In July, Heathrow introduced temporary capacity limits to improve passenger journeys over the summer getaway. …

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Lawsuit: Delta Fired Employee For Anti-Trump FB Post

CNN reports: An employment discrimination lawsuit filed by a former Delta Air Lines flight attendant says she was fired for posting an image of former President Donald Trump wearing a Ku Klux Klan hood on her personal Facebook page. The plaintiff, Leondra Taylor, who is Black, admitted she posted a cartoon image on her personal Facebook page. The image was …

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Disney Passes Netflix In Total Streaming Subscribers

Deadline Hollywood reports: Walt Disney’s total DTC subscribers all in totaled 221.1 million for the company’s fiscal third quarter ended in June. That was a big beat for Disney+ and its parent, and also marked the first time anyone has passed Netflix in total streaming subs. Netflix reported 220.67 million total global subs, after losing almost 1 million for the …

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Musk Teases Creation Of Own Social Media Platform

The Hill reports: Elon Musk on Tuesday evening appeared to tease creating his own social media platform if he does not ultimately buy Twitter. “Have you thought about creating your own social platform?” Tesla Owners Silicon Valley asked the billionaire on Twitter. “If Twitter deal doesn’t come through.” “X.com,” Musk responded. In 1999, Musk co-founded an online financial services company …

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Musk Sells $6.9B In Tesla, Cites “Forced” Twitter Deal

Reuters reports: Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t …

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NJ Shoppers Have Stolen Thousands Of Baskets

NBC New York reports: Call it an unintended side effect of the state’s plastic bag ban. New Jersey supermarkets say shoppers are walking off with baskets and are loading up the store baskets and taking those home, instead. Statewide, supermarkets and grocery stores are reporting that handheld baskets have gone missing by the thousands. Forgetful shoppers who might be trying …

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Twitter Breach Exposed Users Of Anonymous Accounts

The Associated Press reports: A vulnerability in Twitter’s software that exposed an undetermined number of owners of anonymous accounts to potential identity compromise last year was apparently exploited by a malicious actor, the social media company said Friday. It did not confirm a report that data on 5.4 million users was offered for sale online as a result but said …

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Amazon Buys Roomba Maker In Order To Map Homes

Bloomberg News reports: Amazon.com Inc. hasn’t just bought a maker of robot vacuum cleaners. It’s acquired a mapping company. To be more precise: a company that can make maps of your home. The company announced a $1.7 billion deal on Friday for iRobot Corp., the maker of the Roomba vacuum cleaner. And yes, Amazon will make money from selling those …

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Musk Challenges Twitter CEO To Public Debate On Bots

Reuters reports: Elon Musk on Saturday challenged Twitter Inc (TWTR.N) Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has <5% fake or spam daily users!,” Musk said in a tweet. He also started a poll asking users whether less than 5% …

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Musk Claims He Was Tricked Into Signing Twitter Deal

Reuters reports: Twitter Inc on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims in a countersuit filed under seal last Friday, which was made public on Thursday. “According to Musk, he …

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