Amazon.com’s doorbell camera unit Ring has reached a settlement with the U.S. Federal Trade Commission regarding privacy, according to a filing Wednesday in U.S. District Court for the District of Columbia. As part of the agreement,…
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Business
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Business
Disgraced Theranos founder Elizabeth Holmes is booked into prison in Texas to begin serving 11-year sentence
Elizabeth Holmes, the founder of the blood-testing lab Theranos, arrived at a federal prison in Texas on Tuesday to start serving an 11-year, 3-month sentence for her role in the fraud that transpired at the…
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Business
Elizabeth Holmes, disgraced Theranos founder, will report to prison to begin 11-year sentence
Elizabeth Holmes, the founder of blood lab Theranos who became the face of Silicon Valley duplicity after her company collapsed amid fraud claims, is scheduled to report to prison Tuesday to begin her sentence of…
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Business
Budweiser parent is now offering money back to boost Bud Light sales after transgender marketing backlash
Just in time for Memorial Day: cheap beer and, in some cases, practically free. Bud Light parent company, AB InBev, has launched a promotion offering a rebate of up to $15 to win back customers…
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Business
Elon Musk’s brain implant company Neuralink announces FDA approval of in-human clinical study
Neuralink, the neurotech startup co-founded by Elon Musk, announced Thursday it has received approval from the Food and Drug Administration to conduct its first in-human clinical study. Neuralink is building a brain implant called the Link, which aims to…
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Mega retailer Target is pulling some of its merchandise that celebrates Pride month after threats to employees, the company said Tuesday. “Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense of…
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A baker and a tattoo artist recently garnered TikTok virality other small business owners could only dream of. The only problem? The exposure wasn’t positive. Kylie Allen, owner of the West Virginia-based bakery Kylie’s Kakes,…
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Business
‘Nobody imagined it would go on this long’: Bud Light sales continue to plummet over Mulvaney backlash
Sales of Bud Light continue to plummet, reflecting ongoing backlash to the brand’s decision to hire transgender influencer Dylan Mulvaney as a spokesperson. According to data cited by the beverage industry trade publication Beer Business…
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PacWest Bancorp, one of the lenders seeking to survive the U.S. regional banking crisis, said on Monday it had agreed to sell a $2.6 billion real estate construction loan portfolio at a discount in a…
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Business
Peloton aims to rebrand as a fitness company for all with a focus on app and tiered subscription pricing
When Peloton unveiled its 2019 holiday commercial depicting a husband who gifted his wife a stationary bike for Christmas, the ad was widely panned as sexist, dystopian and reminiscent of a hostage video. People took umbrage at the commercial’s…