Montana regulators say an Idaho mining company and its president are in violation of the state's "bad actor" law because they are pursuing two new mines without paying for the cleanup of past projects
After steep losses a day ago, US stock indexes finish mostly higher as retailers rise, energy companies climb with oil prices and banks move up with interest rates
Patent infringement suits are usually boring, but the ongoing Tinder vs. Bumble beef is full of soapy, corporate intrigue. Tinder’s parent company, Match Group, launched a patent infringement suit against rival Bumble on Monday. The suit alleges Bumble has stolen numerous design ideas since Tinder’s creation in 2014. Bumble says the suit is part of a pattern of behavior meant to harass and intimidate the start-up into accepting buyout offers from Match, which also owns online romance services, OkCupid and Match.com.
A day can't go by without us mentioning Amazon.... Today, the company had at one point passed Alphabet as the 2nd largest company in the US by market cap. But the more interesting Amazon news today is for its Prime members.. Bloomberg is reporting that Amazon is going to start limiting your small orders due to climbing shipping costs and is seeking to pass these costs on to suppliers like Procter & Gamble, a tactic long-known as a favorite of Walmart in the retail space. Do you think Amazon users will find a constant upselling to meet a minimum unpleasant? -Do you use Amazon for small purchases? What's the smallest you can remember? --
Steve Marcus / Reuters Facebook's head of information security is leaving over disagreements about how the company polices the spread of disinformation on its platform, the New York Times first reported Monday. Alex Stamos joined Facebook as chief information security officer in June 2015 and has been a staunch proponent of uncovering and disclosing how Russia used the social network to influence the US presidential election.
Forget the XFL reboot because there is ANOTHER new football league in the works... The Alliance of American Football, founded by Charlie Ebersol with backing from a bunch of VC groups, will launch in 2019 with a TV deal with CBS. This follows on heels of Vince McMahon's XFL reboot
The future of Facebook as an advertising platform was called into question by marketers, lawmakers and privacy activists on Monday after revelations that its data on 50 million users was harvested and used by Donald Trump's political ad firm in 2016. Facebook was already under pressure for its role in enabling fake news across its platform during the 2016 election but had mostly escaped serious consequences.
Shares of Facebook are sliding Tuesday morning following a report the Federal Trade Commission is probing the company's use of personal data. The FTC is looking into whether the social media giant "violated terms of a consent decree over its use of personal data," Bloomberg says, citing a person familiar with the matter. Shares came under significant pressure Monday, falling as much as 8.1%, its biggest decline in two and a half years, on the news that Cambridge Analytica accessed data from 50 million Facebook without the users' permission. Facebook has now fallen 9.3% since the news broke. It is down 4.8% this year.
The Weinstein Company has voluntarily filed for bankruptcy and entered into a stalking horse bid for the majority of its film and TV assets with the Dallas-based private equity firm Lantern Capital Partners.