Facebook shuttered its answer to TikTok this month. The social media giant will launch a similar Instagram feature in August. Facebook knows it needs to poach TikTok creators – but it’s going to fail. Facebook (NASDAQ: FB) rarely meets a competitor it doesn’t want to acquire. Failing that, it seeks to vanquish them. After a…
Kim Kardashian just sold a 20% stake in her beauty company to Coty. She’s rich, but contrary to what Kanye West says, she’s not a billionaire. Why does Kanye seem so desperate for Kim to join him on the billionaires list? You can tell Kylie Jenner and Kanye West to move over because there’s a new…
Ellen DeGeneres is getting her own network. She’s filling the lineup with influencers. She’s desperate to stay relevant. Amidst rumors of her show being canceled, Ellen DeGeneres makes yet another bid for relevancy. This time, it’s with news about the Ellen Digital Network. (EDN) Ellen’s own network needs television shows. Any television show. | Source:…
American Airlines is relaxing social distancing measures beginning in July. The carrier’s break-even load factor is the highest among the big four U.S. airlines. American is the most heavily indebted U.S. airline at the moment. American Airlines (NASDAQ:AAL) will end the physical distancing policy on its flights in July. The decision comes at a time…
Demand for liquidity could see Fed take further unprecedented action. Bank of England becomes first to directly finance state spending. More central banks could follow if borrowing costs rise. The Federal Reserve may need to provide funds directly to the U.S. government as central banks ramp up spending to tackle coronavirus. The Fed has already…
Augmented reality headset maker Magic Leap has struggled with the laws of physics and failed to get to market. Now it’s seeking an acquirer, but talks with Facebook and medical goods giant Johnson & Johnson led nowhere according to a new report from Bloomberg’s Ed Hammond. After raising over $2 billion and being valued between…
CCN previously reported that Netflix (NASDAQ:NFLX) saw a potential peak in subscriber growth in the United States. The streaming platform was already looking to their next quarterly earnings report, which was published on Oct 16. 2019, to reassure investors that the brand still had opportunities for growth. The quarterly report revealed that Netflix expects to…
Venezuela’s President Nicolas Maduro has openly declared his regime’s love for cryptocurrencies like Bitcoin and Ethereum. The controversial politician on Tuesday said his government is using cryptocurrencies to access national and international payment infrastructure. He confirmed that Venezuela’s finance minister and central bank are close to introducing “new instruments.” It would give every Venezuelan access…
