(Brands & Consumers)
Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of negative headlines about the cryptocurrency industry rattled users of the world’s largest exchange. Andrew Thurman, content lead for Nansen, told CNN that at its peak, Binance saw “as high as $3 billion in net…
Elon Musk joined Dave Chappelle on stage Sunday in San Francisco, home of Twitter’s headquarters where the world’s richest person recently laid off many of its employees. It went about as well as you’d expect. As reported by the CNN, the crowd at the Chase Center loudly booed Musk, who had spent much of the…
Many moto aficionados and fashionistas may not see the connection between Japanese OEM Kawasaki and German apparel brand Adidas, but the stylistic ties go back further than most believe. According to the Adidas website, “the very first ZX design was inspired by Kawasaki back in [1984].” While the ZX500 sneaker drew from Team Green’s sport…
The Federal Trade Commission has sued to block Microsoft’s $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. The administrative complaint filed by the FTC alleges that the blockbuster deal, which would make Microsoft the third-largest video game publisher in the world, would give Microsoft “both the means and…
A federal judge in California on Wednesday dismissed a lawsuit against reality TV star Kim Kardashian, boxing legend Floyd Mayweather Jr. and others over their role in promoting a cryptocurrency, saying it was not clear that the investors who sued actually saw the promotions. As reported by the CNN, the lawsuit filed in January claims…
PepsiCo has joined the growing list of American employers reducing headcount ahead of an anticipated recession as reported by the HCA Mag. The food and beverage giant plans to eliminate hundreds of corporate jobs throughout North America, The Wall Street Journal reported. The layoffs will impact employees in Chicago, Plano, TX and its headquarters in…
Donald Trump’s real estate company was convicted on Tuesday of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former U.S. president as he campaigns for the office again in 2024. As reported by Reuters, the Trump Organization – which operates hotels, golf courses, and other real…
Apple has been sued by two women who allege their previous romantic partners used the company’s AigTag devices to track their whereabouts, potentially putting their safety at risk. As reported by CNN, the proposed class action lawsuit was filed in federal court in San Francisco on Monday on behalf of one woman from Texas and…
Angelina Jolie is anything but happy with Brad Pitt’s claims that she violated their agreement, after the famous actor filed a lawsuit over the sale of her stake in their co-owned vineyard. As reported by MARCA, the former couple bought back in 2008 a controlling interest in Chateau Miraval SA, a French company comprising of…
Elon Musk doesn’t miss an opportunity to take a pop at the President of the United States, Joe Biden, doing so every time he alludes to the electrification of the American automotive industry. As reported by MARCA, this time, Tesla’s CEO has chosen his new ‘toy’, Twitter, to respond to a message from the American…
Parler, the right-leaning social media platform, will no longer be sold to Ye, its parent company said, hours after the rapper formerly known as Kanye West praised Adolf Hitler. As reported by ALJAZEERA, Parlement Technologies has revealed that the company and Ye had “mutually agreed” not to go ahead with the sale and that the…
Kanye West has been banned from Twitter again and accused of “inciting violence” over offensive tweets – a month after his account was reinstated. As reported by the BBC, the US rapper, who now goes by the name Ye, posted a series of erratic tweets – one of which appeared to show a symbol combining…
Spotify’s CEO Daniel Ek renewed his attack on Apple (AAPL.O) on Wednesday in a series of tweets alleging the iPhone maker “gives itself every advantage while at the same time stifling innovation and hurting consumers”. As reported by Reuters, Ek tagged a number of sympathetic business leaders in his 21-tweet thread, including Musk, Microsoft president…
Apple Music has redesigned its Replay feature, which allows users to see their music stats for the year. “New in 2022 is a year-end experience complete with expanded listening insights and new functionality, including a completely personalized highlight reel,” Apple stated. “Users can discover their top songs, top albums, top artists, top genres and more.”…
Elon Musk has said Apple has halted most of its advertising on Twitter and accused the company of threatening to remove the platform from its app store. As reported by the BBC, the feud comes as many companies have halted spending on Twitter amid concerns about Mr Musk’s content moderation plans for the site. Apple…
Black Twitter is mourning the possible end of the influential community they found on Twitter more than a decade ago, but users are split between finding a new app or staying put. “I’m not ready to go because I feel like that’s the case with a lot of things. Black people bring culture, community and…
Adidas has launched an investigation into reports that controversial rapper Kanye West created a “toxic environment” when he was working with the brand. Rolling Stone reported claims from some workers on the Yeezy collaboration, saying he showed them explicit pictures and videos as part of bullying tactics. In a letter, they said bosses were aware…
A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. As reported by the CNN, the troubles started last month when workers left the factory campus in Zhengzhou, the capital of…
Carmaker Jaguar Land Rover (JLR) is reducing output at its factories in Solihull and Halewood until the spring, due to ongoing problems obtaining enough computer chips for new vehicles. The action is expected to affect the output of models such as the Jaguar F-Pace and Land Rover Discovery Sport. The move is understood to be…
Ford has announced another SUV recall, this time impacting about 520,000 Ford Escape and Bronco Sport compacts in the United States. Potential cracks in the vehicles’ fuel line could cause fires to break out under the hood of some cars, according to Ford and the National Highway Traffic Safety Administration. As reported by the CNN,…
Manchester United’s owners, the Glazer family, are looking for a world record price for a sports franchise if they are to sell the club, sources have told ESPN. As reported by ESPN, the Glazers issued a statement on Tuesday to say they are looking at “strategic alternatives” including outside investment or a sale. Sources have…
Some of the celebrities that fans are demanding speak out against Balenciaga for their problematic advertisements portraying kids carrying teddy bears clothed in bondage-style harnesses include Bella Hadid and Kim Kardashian, as reported by Marca. In response to criticism, the high-end fashion label dropped the divisive campaign on Tuesday. The following day, Balenciaga removed all…
The Glazer family are open to selling Manchester United. The American owners are willing to listen to offers for the club they bought in a controversial leveraged buyout 17 years ago. If the club is sold, it is expected to be purchased by US investors. As reported by SkySports, a Manchester United statement confirmed plans…
Publishing giant Penguin Random House has scrapped a $2.2bn (£1.9bn) planned takeover of rival Simon & Schuster. As reported by the BBC, last month, a US court blocked the deal, saying it could “substantially” weaken competition in the industry. Penguin’s parent company Bertelsmann said Paramount Global, the owner of Simon & Schuster, decided not to…
Less than 24 hours after his shock return as Disney’s chief executive, Bob Iger says he is planning a major shake-up of the business. As reported by the BBC, one of his first moves has resulted in the exit of the head of company’s Media and Entertainment Distribution division, Kareem Daniel. Mr Daniel was a…
About a dozen Twitter staff based in Ghana, which was the firm’s only office in Africa, have rejected a severance package offered to them and are now considering taking legal action. As reported by the BBC, the staff’s legal firm revealed that Twitter wants to negotiate the severance package and termination process, but it did…
When Elon Musk took over Twitter, firings were the talk of the town. Contractors were laid off in mass with minimal notice. However now, it seems like the tables have turned. Owing to Musk’s “extremely hardcore” environment, hundreds of Twitter employees have put down their papers. JUST IN: Hundreds of Twitter employees resign following Elon…
Kanye West hasn’t been garnering buzz for his music as of late and has instead been making headlines due to a number of the things he’s said during interviews. As reported by Cinemablend, the rapper has a series of controversial comments, some of which has been anti-Semitic rhetoric. Though West’s career has been negatively impacted…
Elon Musk has told Twitter staff that they must commit to working “long hours at high intensity” or else leave the company, according to reports. In an email to staff, the social media firm’s new owner said workers should agree to the pledge if they wanted to stay, the Washington Post reported. Those who do…
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…
