Friday 28 October 2022

US economy grew significantly in 3rd quarter, ending 6 months of shrinking

US economy grew significantly in 3rd quarter, ending 6 months of shrinking

The U.S. economy expanded significantly to kick off the second half of the year, marking a dramatic reversal from the contraction experienced over the first six months, government data showed. U.S. gross domestic product grew 2.6% over the three months ending in September, according to data released Thursday. By contrast, economic activity shrank a combined 2.2% over the first six months of the year.
Read more: https://abcnews.go.com/Business/us-economy-expected-grown-significantly-ending-months-shrinking/story?id=92133670?source=Snapzu

Paypal's Objectionable Terms Are Back, $2500 Fines For Content They Don't Like

Paypal's Objectionable Terms Are Back, $2500 Fines For Content They Don't Like

Two weeks ago Paypal introduced language into its terms and conditions that allowed them to withdraw $2500 from your account for each time they believed you “promot[ed] misinformation” or you sent, posted or published “messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful, obscene, harassing, or objectionable.”
Read more: https://viewfromthewing.com/paypals-objectionable-terms-are-back-2500-fines-for-content-they-dont-like/?source=Snapzu

Apple pauses gambling ads on App Store product pages after developer outcry

Apple pauses gambling ads on App Store product pages after developer outcry

It’s hard to imagine anyone but advertisers being happy with Apple for putting more ads on the page in App Store listings, but the way they rolled it out was especially troubling. Ads for shady gambling apps quickly pervaded the platform, appearing in the “you might also like” section of ordinary apps — including at least one for gambling addiction management.
Read more: https://techcrunch.com/2022/10/27/apple-pauses-gambling-ads-on-app-store-product-pages-after-developer-outcry/?source=Snapzu

Thursday 27 October 2022

Adidas ends partnership with Ye over antisemitic remarks

Adidas ends partnership with Ye over antisemitic remarks

Adidas ended its lucrative partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks, which drew widespread criticism from Jewish groups, celebrities and others on social media
Read more: https://apnews.com/article/7425f65ea39f7bbdd02d0e033d9be4b8?source=Snapzu

Wednesday 26 October 2022

The end of Apple’s affair with China

The end of Apple’s affair with China

By a dusty stretch of the deafening road from Chennai to Bengaluru lie three colossal, anonymous buildings. Inside, away from the din of traffic, is a high-tech facility operated by Foxconn, a Taiwanese manufacturer. A short drive away Pegatron, another Taiwanese tech firm, has erected a vast new factory of its own. Salcomp, a Finnish gadget-maker, has set one up not far away.
Read more: http://economist.com/business/2022/10/24/the-end-of-apples-affair-with-china?source=Snapzu

Tuesday 25 October 2022

Adidas Drops Kanye "Ye" West Like A Sleazy Yeezy

Adidas Drops Kanye "Ye" West Like A Sleazy Yeezy

Is Adidas cutting ties with Kanye West just because of possible boycotts? The Kanye West trilogy continues. So Adidas finally dropped Kanye West from its partnership weeks after all the controversial racial slurs and antisemitic rants. Weeks after their new YEEZY launch. Are you reading this? Weeks went by folks.
Read more: https://macsopinion.com/adidas-drops-kanye-ye-west-like-a-sleazy-yeezy/?source=Snapzu

Trump Organization set to face criminal tax fraud trial in New York starting Monday

Trump Organization set to face criminal tax fraud trial in New York starting Monday

More than three years after Manhattan prosecutors started investigating Donald Trump — after going to the Supreme Court twice to gain access to his tax records — the only criminal trial to arise from their efforts is about to begin. No, the former president isn’t going on trial. His company is.
Read more: https://www.pbs.org/newshour/nation/trump-organization-set-to-face-criminal-tax-fraud-trial-in-new-york-starting-monday?source=Snapzu

Sunday 23 October 2022

Snapchat's disappearing message function helped teenagers obtain fentanyl with deadly consequences, lawsuit argues

Snapchat's disappearing message function helped teenagers obtain fentanyl with deadly consequences, lawsuit argues

Snapchat's disappearing message feature helped enable the sale of fentanyl to teenagers who went on to die of overdoses, a lawsuit claimed. According to a filing in a Los Angeles court seen by Insider, parents of teens who died from Fentanyl overdoses are pursuing Snap for strict product liability over what they claim is a design defect in the social media app Snapchat.
Read more: https://www.businessinsider.com/snapchat-disappearing-messages-helped-teenagers-obtain-fentanyl-lawsuit-2022-10?source=Snapzu

Vogue says it has ‘no intention’ of working with Kanye West in future

Vogue says it has ‘no intention’ of working with Kanye West in future

A Vogue spokesperson told Page Six exclusively on Friday that neither the magazine nor its editor-in-chief Anna Wintour intend to work with Kanye West again after his anti-Semitic rants and support for the White Lives Matter cause.
Read more: https://pagesix.com/2022/10/21/vogue-has-no-intention-of-working-with-kanye-west-again/?source=Snapzu

Saturday 22 October 2022

Chart-armed Katie Porter proves that corporate greed is behind inflation

Chart-armed Katie Porter proves that corporate greed is behind inflation

During a House of Representatives hearing on Wednesday, United States Congresswoman Katie Porter (D-California) grilled Mike Konczal, the director of Macroeconomic Analysis at the Roosevelt Institute, over the primary cause of inflation in the post-COVID-19 economy.
Read more: https://www.alternet.org/2022/10/katie-porter-corporate-greed-inflation/?source=Snapzu

Thursday 20 October 2022

NHL, its workforce 84% white, sets baseline to up diversity

NHL, its workforce 84% white, sets baseline to up diversity

The NHL for the first time has done an internal demographic study of its staff and all 32 teams, and the results show that hockey has a lot of work to do to increase diversity at all levels. The report released Tuesday found that 83.6% of the NHL’s workforce is white and that men make up nearly 62% of the total, based on the 4,200 people who participated in a voluntary and anonymous survey (about 67% of all employees).
Read more: https://apnews.com/article/nhl-sports-hockey-race-and-ethnicity-racial-injustice-1fc28e1d7db391c2bec6203fa19fda1f?source=Snapzu

Netflix adds more than 2.4 million subscribers, reveals details about password-sharing crackdown

Netflix adds more than 2.4 million subscribers, reveals details about password-sharing crackdown

Netflix reported third-quarter earnings after the bell. Here are the results.
Read more: https://www.cnbc.com/2022/10/18/netflix-nflx-earnings-q3-2022.html?source=Snapzu

Tuesday 18 October 2022

What is Fog Reveal? Police use new app to track people without a warrant

What is Fog Reveal? Police use new app to track people without a warrant

New tool shows where and when people work and live, with whom they associate and what places they visit.
Read more: https://www.salon.com/2022/10/18/what-is-fog-reveal-police-use-new-app-to-track-people-without-a-warrant_partner/?source=Snapzu

Workers strike at Apple’s core in unprecedented industrial action

Workers strike at Apple’s core in unprecedented industrial action

Apple workers across the nation walked off the job on Tuesday, in the first nationally coordinated industrial action by retail workers in Australian history. Staff protested at Apple stores in Brisbane, in the CBD and Chermside, and at Charlestown in Newcastle — the three stores with the highest percentage of Retail and Fast Food Workers Union members in the country — for an hour to demand a better deal on pay and conditions.
Read more: https://www.smh.com.au/business/companies/workers-strike-at-apple-s-core-in-unprecedented-industrial-action-20221018-p5bqob.html?source=Snapzu

Monday 17 October 2022

Saturday 15 October 2022

Meta's Shares Are a Hard Sell as Good Old Facebook Days Are Over

Meta's Shares Are a Hard Sell as Good Old Facebook Days Are Over

In most market environments, a company with one of the lowest valuations in the Nasdaq 100 Index, a solid balance sheet and sales growth averaging 34% a year would be an obvious buy. In the case of Meta Platforms Inc., it’s not so obvious.
Read more: https://www.msn.com/en-us/money/other/metas-shares-are-a-hard-sell-as-good-old-facebook-days-are-over/ar-AA12XG7a?source=Snapzu

Friday 14 October 2022

OnlyFans lawyers accidentally reveal which Meta execs allegedly took bribes

OnlyFans lawyers accidentally reveal which Meta execs allegedly took bribes

When adult entertainers initially filed a lawsuit alleging that OnlyFans bribed Meta to block competitors on Instagram by flagging their content as terrorism, it was not clear who at Meta was being accused of accepting bribes. That changed this week when lawyers for OnlyFans’ owner Fenix International Limited accidentally filed a court document that mistakenly failed to redact the names of Meta employees allegedly connected to the global conspiracy.
Read more: https://arstechnica.com/tech-policy/2022/10/onlyfans-lawyers-accidentally-reveal-which-meta-execs-allegedly-took-bribes/?source=Snapzu

Thursday 13 October 2022

The Beef Industry Is Trying to Sell Us Bullshit

The Beef Industry Is Trying to Sell Us Bullshit

Like the oil and gas industry once did, Big Meat is slowly ramping up its PR spin on climate.
Read more: https://gizmodo.com/beef-industry-spin-climate-change-1849629519?source=Snapzu

Amazon faces a wave of walkouts and strikes as it heads into the season of sales

Amazon faces a wave of walkouts and strikes as it heads into the season of sales

Amazon is in the midst of its second Prime Day sale of the year, pitched as a way to get Black Friday and Cyber Monday deals early. But as it courts consumers, the workers who handle the mass amount of packages that flow through Amazon’s facilities, warehouses, and air hubs are demanding better pay and working conditions. The threat of strikes, walkouts, and potentially another unionized warehouse are all looming as Amazon’s about to enter one of its busiest seasons.
Read more: https://www.theverge.com/2022/10/12/23400847/amazon-prime-day-walkouts-strikes-labor-unions?source=Snapzu

Wednesday 12 October 2022

New Zealand angers its farmers by proposing taxing cow burps

New Zealand angers its farmers by proposing taxing cow burps

New Zealand's government on Tuesday proposed taxing the greenhouse gasses that farm animals make from burping and peeing as part of a plan to tackle climate change. The government said the farm levy would be a world first, and that farmers should be able to recoup the cost by charging more for climate-friendly products.
Read more: https://www.npr.org/2022/10/11/1127955580/new-zealand-angers-its-farmers-by-proposing-taxing-cow-burps?source=Snapzu

Monday 10 October 2022

Dutch employee fired by U.S. firm for shutting off webcam awarded €75,000 in court

Dutch employee fired by U.S. firm for shutting off webcam awarded €75,000 in court

A remote employee of a U.S. business who was fired for refusing to leave his webcam on while he was working was awarded roughly 75,000 euros by a Dutch court for wrongful termination. The resident of Diessen, Noord-Brabant, was hired by the the Rijswijk branch of Chetu Inc., a software development company headquartered in Miramar, Florida.
Read more: https://nltimes.nl/2022/10/09/dutch-employee-fired-us-firm-shutting-webcam-awarded-eu75000-court?source=Snapzu

Saturday 1 October 2022

House of Zana owner hopes Zara trademark win will inspire others

House of Zana owner hopes Zara trademark win will inspire others

Amber Kotrri says since her victory other businesses said they also received letters from Zara.
Read more: https://www.bbc.com/news/uk-england-tees-62489485?source=Snapzu

Facebook scrambles to escape stock's death spiral as users flee, sales drop

Facebook scrambles to escape stock's death spiral as users flee, sales drop

A year ago, before Facebook had turned Meta, the social media company was sporting a market cap of $1 trillion, putting it in rarefied territory with a handful of U.S. technology giants. Today the view looks much different. Meta has lost about two-thirds of its value since peaking in September 2021. The stock is trading at its lowest since January 2019 and is about to close out its third straight quarter of double-digit percentage losses. Only four stocks in the S&P 500 are having a worse year.
Read more: https://www.cnbc.com/2022/09/30/facebook-scrambles-to-escape-death-spiral-as-users-flee-sales-drop.html?source=Snapzu