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Another CEO has lost his job -- and in this case we can quote a Warner Bros. cartoon character: "Th-th-that's all, folks!"
Kevin Tsujihara out as Warner Bros. chief amid sexual impropriety scandal
https://variety.com/2019/biz/news/ke...ty-1203165653/
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As many as 50,000,000 songs uploaded to Myspace have apparently been lost. The "space" in Myspace is now a whole lot bigger!
Myspace apologizes after losing 12 years' worth of music
https://www-m.cnn.com/2019/03/18/us/...cli/index.html
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Of course, because young people don't have nearly enough ways to waste thousands of hours online.
Google announces its plan to upend the $140 billion video game industry
The company showed off a new streaming service called Stadia that allows people to play high-end games without purchasing expensive consoles or computers.
https://www.nbcnews.com/tech/video-g...dustry-n984991
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It's official now. The new Fox Corporation (symbol: FOXA) retains its television network and its national sports, news and business channels. Disney now owns almost all other Fox assets but still has to divest itself of the 22 regional Fox Sports channels because the company already owns ESPN. Disney is hopeful of getting as much as $20 billion from a sale. Disney may wind up hoping for a long time.
Disney closes $71 billion deal with Fox
https://www.cnn.com/2019/03/19/media...ger/index.html
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McDonald's will no longer spend millions of dollars on lobbyists who fight proposals that McDonald's give their employees a 25ยข-an-hour raise. Okay, maybe that statement is an exaggeration -- but not by much.
McDonald's will no longer lobby against minimum wage hikes
https://www.cnn.com/2019/03/27/busin...age/index.html
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Elizabeth Warren, who had been calling for Sloan's resignation, tweeted: "About damn time. He enabled Wells Fargo's massive fake accounts scam, got rich off it & then helped cover it up." Hey, Elizabeth, tell us how you really feel.
Wells Fargo CEO Tim Sloan steps down suddenly
https://www.cnn.com/2019/03/28/inves...oan/index.html
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Twitter does not allow threats, bullying and hate speech -- but what can they do when the threats, bullying and hate speech come from the President of the United States? I would remove all his offensive tweets but Twitter is unwilling to do that. Instead.....
Twitter is considering labeling Trump's tweets that violate its rules
https://www.cnn.com/2019/03/28/tech/...bel/index.html
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Perhaps people who are willing to pay huge sums of money for plain ol' water in plastic bottles deserve to be swindled. Or am I being too harsh?
Poland Spring accused of defrauding consumers by peddling water from 'phony' springs
A class-action suit contends the company's spring in Poland, Maine, ran dry nearly 50 years ago.
https://www.nbcnews.com/news/us-news...prings-n989086
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iHeartMedia will make an IPO of new Class A and Class B stock after it exits from Chapter 11 bankruptcy. The company will use proceeds from the stock sale to pay down its debt, which will be $5.6 billion. They did not say how many shares would be offered or what the price will be. Here is the prospectus filed today with the SEC:
https://iheartcontent.s3.amazonaws.c...9-12819862.pdf
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UberCab's ridesharing services and mobile app officially launched in 2011 in San Francisco. The company shortened its name to Uber after the city's taxicab drivers started complaining. Uber is hoping for as much as a $100 billion valuation. Really? In the past five years, the company lost more than $8 billion. Good luck with that valuation!
Uber plans to sell around $10 billion worth of stock in IPO, seeks valuation of $90-100 billion
https://www.usnews.com/news/top-news...in-ipo-sources