Facebook parent Meta to pay $1.4B to settle Texas facial recognition lawsuit
Meta Platforms has agreed to pay $1.4 billion to the state of Texas to settle a lawsuit that alleged that Facebook’s parent company illegally used facial recognition technology to collect biometric data on millions of Texans without their consent. The settlement terms announced Tuesday are the largest single-state agreement ever, according to a team of […]
Elon Musk says Starlink and X will move out of California to Texas after Dems pass extremist law against parent notification
Billionaire entrepreneur Elon Musk has announced he is moving two of his major companies out of California after the state’s Democrats passed a radical law that would ban public schools from informing parents about gender and sexual orientation. After California Governor Gavin Newsom (D) signed a bill into law that bans schools from requiring parents […]
Tinder parent Match Group faces activist campaign from Starboard: ‘Lack of innovation’
Match Group, the parent company of Tinder and Hinge, is facing a campaign from activist investors who are calling for the dating app giant to either overhaul its business or consider taking it private. Starboard Value said on Tuesday it had acquired a 6.6 percent stake in Match Group and is in discussions with the […]
Redbox shutting down 24K kiosks, after parent company, Chicken Soup for the Soul Entertainment bankruptcy filing
Moviegoing in the digital age has claimed another casualty in the long-running battle for audience control. Redbox, the once-beloved movie rental kiosk and rival to video store Blockbuster, is closing after its parent company filed for bankruptcy. Chicken Soup for the Soul Entertainment (CSSE) changed its Chapter 11 bankruptcy filing to a Chapter 7 liquidation […]
Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion
Saks Fifth Avenue’s parent company, HBC Announced Thursday The deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for $2.65 billion. HBC said if the deal closes, it will create Saks Global, which will include Saks Fifth Avenue, Saks Off Fifth, Neiman Marcus and Bergdorf Goodman. Each of the […]
Redbox DVD rental parent company files for bankruptcy
See what’s clicking on FoxBusiness.com Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy nearly two years after acquiring DVD rental company Redbox. CSSE, the ad-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it owes nearly $1 billion to more than 500 creditors, including Walmart, Walgreens and […]
Social media expert rejects ‘Wait Until 8th’ campaign: ‘Can’t rely on a rhyme to parent’
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Ben Rice’s father, Dan, exudes the pride of being a Yankees parent
His parents drove up from Cohasset, Massachusetts, on Saturday and returned to the stadium Saturday night to watch Ben Rice play his third game this week for the New York Yankees, this time against the Braves. “It’s scary to even think about something like this happening,” Dan Rice said over the phone. “I always say, […]
Olive Garden parent CEO says fast food inflation driving customers to sit-down franchises
CABIA President Tom Manzo appeared on “Fox & Friends” to discuss how the minimum wage increase is affecting the fast-food industry at a time when thousands of people are out of work. Darden Restaurants CEO Rick Cardenas said fast-food chains’ sit-down restaurant prices are driving some customers to avoid drive-thrus in favor of a true […]
Temu parent company led by top former Chinese Communist officials
The parent company of China-based online marketplace Temu employs a large number of former Chinese Communist Party officials among its executives, posing serious national security risks, experts told The Washington Post. Amazon competitor Temu is expanding aggressively into the US. Its parent company, Shanghai-based Pinduoduo (PDD), is listed on the Nasdaq and currently has a […]