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Five times the Kardashian-Jenner clan got in legal trouble over promotions
The Kardashian-Jenner family is the biggest influencer collective in the world. Kris, Kim, Kylie, Kourtney, Khloe and Kendall have more than 1.2 billion followers combined. A profile that large allows the clan to make highly lucrative deals to promote pretty much anything, and we have the promos that landed them in legal hot water in this…
Five sectors facing layoffs amid economic uncertainty and high inflation
Concerns about the state of the economy come with worries about job security. In fact, half of companies are expecting to cut staff according to a PwC survey of more than 700 executives. The same survey found many executives are also planning hiring freezes and even rescinding job offers. But many companies have already trimmed…
Netflix makes games? Five gaming investments that have yet to pay off
The video game industry experienced a massive boom during the COVID-19 pandemic, but then Americans spent 13% less on gaming in the second quarter of this year from the same period a year ago and more time outside. Consumer spending has also been taking a hit amid worries about the state of the economy. Still,…
Kevin Spacey ordered to pay ‘House of Cards’ makers $30M
Kevin Spacey and his production companies owe the makers of “House of Cards” more than $30 million because of losses brought on by his 2017 firing for alleged sexual harassment of young crew members. Los Angeles Superior Court Judge Mel Red Recana ruled in favor of MRC and other companies that produced the popular Netflix…
Netflix CEO Hastings predicts linear TV will be dead in a few years
Netflix revealed it lost nearly 1 million subscribers in 2022’s second quarter, but the company called it a win and saw its stock jump following the news. In a call with investors, CEO Reed Hastings said that despite the losses, the company is sitting pretty since, as he believes, linear TV will be dead in…
NASA: China wants military moon base
The head of NASA is calling out the Chinese government. Bill Nelson said China wants to “take over” the moon and build a military base there. The Chinese call the accusation a smear. However, for the last 10 years, the country’s space program has expanded dramatically, and the country definitely has designs to build a…
Netflix lays off 150 workers, cancels three projects following subscriber loss
In what could be a sign that streaming giant Netflix is reeling from its first subscriber loss in more than a decade, the company announced it has laid off about 150 people. Netflix lost more than 200,000 subscribers in the first quarter of 2022, and it blamed the war in Ukraine and fierce competition for…
Attacker tackles Dave Chappelle on stage during Netflix comedy festival
A man tackled comedian Dave Chappelle as he was performing on stage at the Hollywood Bowl in Los Angeles. The man, Isaiah Lee, was arrested and booked into jail early Wednesday morning for assault with a deadly weapon. “The suspect produced what was later discovered to be a replica handgun and pointed the item at…
Netflix, CNN+ enduring subscriber struggles
As Netflix is looking to recover from a major drop in subscribers and stock value, a new Axios report has spelled trouble for CNN+. According to sources who spoke to Axios, Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN’s longtime chief financial officer. Axios reported Tuesday that…
Twitter popped a poison pill. Here are 3 other companies that did, too.
Twitter’s board of directors voted to take a poison pill to try to prevent Elon Musk from executing a hostile takeover. Also called a shareholders-rights plan, a company engages in a poison pill strategy by diluting the value of the hostile party’s shares by flooding the market with new, discounted stock. The practice became widely…
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