Telegram’s CEO Charged In France, Banned From Leaving Territory
Telegram founder Pavel Durov was indicted by French prosecutors on Wednesday for allegedly illegally using the platform. He faces six charges: Remaining French territory, Politico ReportedHe was arrested at Paris' Le Bourget airport and has been in domestic custody since Saturday. Durov's bail has been set at 5 million euros. Or $5.56 million, CNN ReportedAdditionally, […]
Abercrombie shares plunge 16% as CEO warns of ‘increasingly uncertain environment’
Abercrombie & Fitch shares plunged 17% on Wednesday after the company's CEO warned of an “increasingly uncertain environment ahead,” the first time in four quarters that the company cited cautious consumer sentiment. The company reported better-than-expected quarterly earnings and raised its full-year sales target, but its shares tumbled even as investors were banking on even […]
Ryanair CEO Michael O’Leary wants airports to put alcoholic drink limit on flyers
Ryanair chief executive Michael O'Leary said airports should impose a two-alcoholic drink limit on passengers. O'Leary believes airports “should limit the amount of alcoholic drinks sold to passengers to two” to reduce incidents of disruptive behaviour on planes. According to the Independent. “Just as you have to show your boarding pass when buying cigarettes or […]
Ex-Levi’s exec says ‘woke’ Harley-Davidson CEO failed ‘Business 101’ by allowing ‘elitist jerks’ to rule
An entrepreneur on the front lines of the corporate culture wars told Fox New Digital that “elitist jerks and hypocrites” at brands like Harley Davidson and Bud Light are to blame for the woke destruction suffered by some of America's biggest companies in recent years. “This is business fundamentals: You can't neglect your core consumers […]
Russia’s Vladimir Putin backs jailed Telegram CEO Pavel Durov, demands France provide evidence
Russian strongman Vladimir Putin has given his full support to Telegram CEO Pavel Durov following his arrest in France, after the tech tycoon fled his home country a decade ago after a standoff with the Kremlin over freedom of speech. French prosecutors said on Monday that Durov was handcuffed over the weekend as part of […]
Top lawmakers on China panel press US, drone company CEO on DJI threat
Top member of the House China Select Committee I sent a letter this month He is secretary of the Department of Commerce and head of a newly formed U.S. company with suspected ties to Chinese drone maker DJI. The letter suggests that Congress is seeking to scale back US oversight of Chinese-made drones and further […]
Paris Court Reveals Charges Filed Against Telegram CEO Pavel Durov
The Paris Criminal Court has released details regarding the arrest of Telegram founder and CEO Pavel Durov, who was detained on August 24 in connection with a cybercrime investigation. TechCrunch Reports Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested by French authorities on August 24. The arrest, which […]
Red Lobster bankruptcy forces CEO switch
Celebrity chef Andrew Gruelle speaks out about the rising costs of doing business in California as his beloved fast-food chain is forced to close 48 locations across the state. The group seeking court approval to buy Red Lobster has chosen former PF Chan CEO Damola Adamolekun to run the embattled seafood chain as it emerges […]
Nvidia CEO Jensen Huang reluctant to fire employees
Nvidia CEO Jensen Huang has said he is reluctant to fire employees, preferring instead to “work them hard to make them great,” a strategy he claims has made the company one of the world's most valuable companies. Hwang said his employees work seven days a week, sometimes until 2 a.m., but don't work overtime because […]
Court Orders Fmr Pharma CEO Martin Shkreli To Surrender All Copies of Unreleased Wu-Tang Clan Album
A judge has ordered Martin Shkreli to turn over all copies of the rare Wu-Tang Clan album “Once Upon a Time in Shaolin” to his lawyers, according to the Associated Press. The directive came as part of an ongoing lawsuit with cryptocurrency collective PleasrDAO, which purchased the album for $4.75 million and alleged that Shkreli […]