(Brands & Consumers)
Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its location tracking practices, a coalition of attorneys general announced Monday. As reported by CNN, the attorneys general described it as the largest multi-state privacy settlement in US history. The coalition, which included attorneys general from New York,…
Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime as reported by CNN. In an exclusive interview with CNN, he revealed that he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of…
A Burna Boy and Oraimo collaboration is surely one that nobody expected but one that should be well received. As reported by BellaNaija, Burna Boy announced the partnership on his social media pages, showing his excitement about working with a big brand making strides in Africa. The Nigerian singer and songwriter is a consistent top…
The market capitalisation of all cryptocurrencies plummeted to $841 billion which was a fall of $201 billion in just seven days. This was caused by the disappearance of more than $600 million in cryptocurrency from the wallets of the defunct cryptocurrency corporation FTX, with no apparent cause stated. According to reports, FTX announced on Friday…
Just days after Twitter laid off thousands of employees, a number of top executives from teams working on privacy and security at the platform have reportedly resigned. As reported by CNN, Twitter’s chief information security officer announced their resignation on Thursday, vacating one of the company’s most critical roles just as scrutiny is mounting over…
Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the industry, is now in need of a bailout himself. As reported on CNN, Bankman-Fried, widely known as SBF, started this week firmly in the realm of billionaires, with an estimated fortune of more than $15 billion, according the Bloomberg…
Adidas officially ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the musician’s anti-Semitic tirade. But Adidas will continue to sell the lucrative sneaker and apparel line, stripped of the Yeezy name and branding. As reported by CNN, the company said it’s the sole owner of all Yeezy line design…
Twitter has fired nearly all its staff in Ghana, which was home to its only office in Africa. As reported by the BBC, the firm “is re-organising its operations as a result of a need to reduce costs,” read Twitter’s email. The layoffs were part of a global staff cull introduced by new boss Elon…
Fashion and style enthusiasts worldwide can once again look forward to experiencing extraordinary fashion moments at the 2022 Guaranty Trust (GTCO) Fashion Weekend scheduled to hold on November 12th and 13th, 2022, at the GTCentre, Plot 1, Water Corporation Drive, Oniru, Lagos. GTCO Fashion Weekend is a free business platform that combines elements of global…
Disney’s streaming business has continued to grow – but its losses are rising too. As reported by the BBC, the media giant said it had added more than 12 million subscribers to its Disney+ streaming platform in the three months ended in September. But the unit lost nearly $1.5bn – a hit that weighed on…
Tesla boss Elon Musk has sold another 19.5 million shares of the electric car maker worth $3.95bn (£3.4bn), filings with the US financial watchdog show. As reported by the BBC, the news comes less than two weeks after the world’s richest man completed his $44bn takeover of Twitter. Tesla’s share price has fallen by more…
Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will cut 13% of its workforce. As reported by BBC, the first mass lay-offs in the firm’s history will result in 11,000 employees, from a worldwide headcount of 87,000, losing their jobs. Meta chief executive Mark Zuckerberg said the cuts were “the most difficult…
After a total investment of over $90 million, Kuda, the money app for Africans is launching new offices in the United Kingdom (UK) as part of a major global expansion drive, as reported by Independent. A statement issued by the media consultant to the company said that the launch would among other things, enable hundreds…
Apple reportedly wants to put an end to “Hey.” The company is said to be training its voice assistant Siri to pick up on commands without needing the first half of the prompt phrase “Hey Siri.” As reported by CNN Business, the trigger phrase is used to launch Siri on various products, including the iPhone,…
The owner of Liverpool has confirmed that it is open to selling shares in the Premier League club amid reports it is inviting offers from potential buyers, as reported by The Score. Fenway Sports Group (FSG) said in a statement that it remains committed to the club, which it bought in 2010 and has guided…
Twitter’s founder Jack Dorsey apologized for growing the company too quickly after Elon Musk’s team laid off approximately half of the workforce, as reported by NBC News. “Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment. I realize many are angry with…
Adidas could snap up the boss of crosstown rival Puma to succeed outgoing CEO Kasper Rorsted. As reported by CNN, the sportswear company said Friday that it’s in talks with Puma CEO Bjørn Gulden to step in as successor to Rorsted, who is due to depart some time in 2023. Gulden, meanwhile, is set to…
Zegna’s luxe leisurewear offerings just got a lot more interesting. The Italian menswear label has just pre-launched its new Triple Stitch Sneakers, designed in collaboration with London-based footwear designer Daniel Bailey (aka MRBAILEY), at Kith. The hiking-inspired shoes debuted in the brand’s Summer 2023 fashion show in Oasi Zegna and are “ideal for roaming the…
Twitter has launched an updated version of its iOS app that promises to allow users to pay a monthly subscription to receive a blue checkmark on their profiles, a feature that Elon Musk, the company’s new owner, has proposed as a way to fight spam on the platform. As reported by CNN, the app’s latest…
In 2019, Netflix said in a letter to shareholders “we… are advertising free,” and added that being commercial-free is a “deep part of our brand proposition.” As reported by CNN, all that changed on Thursday when the streaming leader launched “Basic with Ads,” the platform’s much anticipated ad-supported subscription plan. The new tier will cost…
Internet domains for the popular Z-Library online eBook repository were seized early this morning by the U.S. Department of Justice, preventing easy access to the service. Z-Library is ranked in the top 10k most visited websites on the Internet, offering over 11 million books and 84 million articles for free via its website. Yesterday, the…
A United States Central District Court in California has sentenced alleged Nigerian cyber fraudster, Ramon Abbas popularly known as Hushpuppi to 11 years imprisonment for cyber fraud. As reported by Leadership, Hushpuppi, who had already spent two years in prison, is now expected to spend nine more years behind bars in the US. The controversial…
Javon “Wanna” Walton, star of Euphoria, joins Jordan Brand as its youngest-ever ambassador. As reported by Solesavy, the actor and boxer joins a stacked roster that just added Kiki Rice as its first NIL signing. As well as Paolo Banchero, the number one overall pick of the Orlando Magic, and 49ers receiver Deebo Samuel. In…
Adidas’ plan to re-release one of Kobe Bryant’s signature sneakers went awry last week, when a flaw issue caused the brand to recall pairs, some of which had already been sent to stores. As reported by Complex, retailers who were meant to launch the Lakers-themed “Sunshine” colorway of the Adidas Crazy 1 tell Complex that…
The three top Twitter executives whom Elon Musk fired Thursday will walk out the door with about $187 million of Musk’s money. As reported by CNN, former CEO Parag Agrawal, former CFO Ned Segal and former Chief Legal Officer Vijaya Gadde were ousted after Musk took control of the company late Thursday, according to a…
Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it’s going to cost the automaker $2.7 billion to walk away. As reported by CNN, the company announced Wednesday it would no longer provide financial support for Argo AI, a self-driving car technology company it invested $1 billion…
Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined for the influential social media platform, as reported by Reuters. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s…
Executives at Skechers escorted Kanye West out of the company’s corporate offices in Los Angeles, after the rapper and fashion designer showed up “unannounced and without invitation,” as reported by The Guardian. In a statement released after the incident, the footwear brand said it “has no intention of working with West” and that the artist,…
Barcelona talked a lot about “economic levers” as the Catalan club looks to improve its finances, but it won’t be able to use the Champions League pulley anymore after exiting at the competition’s group stage for the second consecutive season. As reported by CNN, even before a ball was kicked at the Camp Nou against…
American business magazine, Forbes has disclosed that American rapper, Kanye West is no longer a billionaire after German multinational corporation, Adidas cut ties with him. This was announced in an official statement on the magazine’s website. According to Forbes, Kanye no longer has a place on its billionaire’s list after being dropped by Adidas for…
No matter the reason, the USB-C is finally coming to iPhones as Apple looks to switch from Lightning to USB-C port on its iPhones. As eported by The company did not officially announce anything, but its senior vice president of worldwide marketing all but confirmed it in an interview with The Wall Streeet Journal’s Joanna…
Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week. As reported by TechCrunch, Musk is expected to close the deal by Friday, October 28, putting him officially in charge of one of the most prominent social networks in the world. Musk…
TiKTok is aiming to graduate along with its primary user-base. And as one step towards maturity, the platform is introducing an adults-only option for live streamers on the platform who wish to restrict their viewership to those 18 and older, as reported by Gizmodo. As for when and why streamers might opt to set an…
The White House has said that Elon Musk’s recent deals, including his takeover of Twitter and operations of Starlink internet in Ukraine, are not under national security review. As reported by Gizmodo, while that would seem like a denial of the original reports from last week by Bloomberg News about the deals, there’s seemingly still…
Adidas has ended its partnership with Kanye West after he made a series of antisemitic remarks and embraced a slogan associated with white supremacists that earned him widespread condemnation. The German sportswear giant said on Tuesday, October 25, that it “does not tolerate antisemitism” after the rapper was suspended from Instagram and Twitter over offensive…
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are…
Kanye West is not worried about being canceled. Balenciaga had announced that it was ending its relationship with Ye in the wake of his many controversies, including his anti-Semitic remarks and “White Lives Matter” shirt. “Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” Kering, the parent company…
Fashion powerhouse Balenciaga has officially severed ties with Kanye West following a series of anti-Semitic posts and other controversial comments from the rapper, according to a report from Women’s Wear Daily citing a statement from Balenciaga’s parent company. “Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” Kering,…
Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. As reported by BBC, Mateschitz was the driving force behind the establishment of what became the global market leader in energy drinks. He used the fortune created by that to set up a…
The Air Jordan 1 Low has recently emerged in a healthy mix of heritage and experimental takes, as reported on Sneaker News. For its latest proposition, the lifestyle offering has taken on a cool “French Blue” take for kids. Akin to dozens of pairs of the similar Nike Dunk, the newly-surfaced pair indulges in a…
Ghana, the second largest cocoa producer in the world, bags the worst-performing currency against its global counterpart, the United States Dollar. Earlier this week, the local currency lost 3.3% of its value against the United States Dollar before paring losses to 11.2750, according to a Bloomberg report. So far this year, the currency has lost…
On Wednesday morning, millions of subscribers in Latin America woke up to an email from Netflix, announcing that the streaming giant was immediately suspending its experimental pricing trial in Argentina, El Salvador, Guatemala, Honduras, and the Dominican Republic. Abandoning part of its password crackdown strategy after six months, Netflix will be bringing its other ongoing…
YouTube, an American online video-sharing and social media platform will be introducing handles for members of its community by 14 November 2022. For a long time, most popular social media platforms like Twitter, Instagram and TikTok have allowed users to create unique handles to identify themselves differently. Now, YouTube has finally decided to jump on…
Elon Musk, the CEO of Tesla and the world’s richest man, has said that his electric vehicle company could become more valuable than the world’s two largest companies — Apple and Saudi Aramco. As reported by Business Insider Africa, the combined market capitalization of tech giant Apple and Saudi Arabian state energy giant Aramco is…
Porsche Retail Group’s Porsche Centre Reading dealership has been re-developed as the UK’s first Destination Porsche location, meeting a new corporate identity for the sports car brand. The new concept reflects the changing landscape of automotive retailing, bringing together the online and physical sales channels, the recently-floated German sports car specialist said. Porsche said the…
Los Angeles Lakers forward LeBron James and Nike are at it again with another comedic video. James’ 20th signature sneaker, the Nike LeBron 20, was recently released, and Nike is pulling out all the stops with its promotion. In the newest advertisement, Nike pits the 37-year-old against Father Time, played by Jason Momoa. The two…
At parent company Lenovo’s Tech World 2022 event, Motorola is showing off a rollable mobile phone in a quick video demo. With the press of a button, the screen extends and retracts, with a moving wallpaper to match, as reported by The Verge. https://www.theverge.com/2022/10/18/23409591/motorola-rollable-phone-concept-flexible-device-lenovo The demo video only gives us a glimpse of the front…
Ye, formerly known as Kanye West, has agreed to purchase Parler, a social media site that bills itself as “uncancelable,” as reported by Marca. After posting anti-Semitic remarks, the star’s Twitter and Instagram accounts were shut last week. The popularity of Parler has increased among US conservatives as more established platforms crack down on false…
Real Madrid hosted Barcelona on Sunday, October 16. The merengues defeated Barcelona 3-1, but there was a larger loser from the game. As reported by Marca, the Canadian rapper and R&B idol Drake lost more than $800K in a two-leg parlay that included the Blaugrana’s victory. In an image shared by Drake’s Instagram account, the…
Electronics brand Sony and car manufacturer Honda announced they would form a partnership, creating Sony Honda Mobility Inc. The new company will focus on developing and selling electric vehicles in the future, with the first cars from the partnership set to go on sale in 2026. The plan for the new company, due to be…
