November 2022

Rapper Sean Combs, also known by the stage names Puff Daddy, P. Diddy, Diddy or Puff, struck up a deal with Cresco Labs and Columbia Care last week.  CNBC reported, “The transaction marks Combs’ first investment in cannabis and will create the country’s first minority-owned, vertically integrated multi-state cannabis company, as well as the world’s largest Black-owned cannabis company, according to a release from Combs and...

Tubi, a free, ad-supported streaming service, helped boost the advertising revenue for Fox for its first fiscal quarter.  According to CNBC, Fox acquired Tubi in 2020 for an estimated valuation of $490 million to boost advertising revenue. And it looks like it paid off.  Tubi offers a library of Tubi Originals, on-demand movies and TV shows, and a selection of channels. Having an account is not necessary...

The challenging economic conditions have led many companies to cut large numbers of employees. The most recent, and most talked about, are the rumors of Elon Musk cutting 25% of Twitter’s staff just a week after he took over the company. The Washington Post obtained this information from four different anonymous sources.  But prior to that, many other companies made headlines with alarming layoff announcements. Here...

Bed Bath & Beyond is facing yet another unfortunate situation. The company confirmed there was a data breach after an employee was phished. Although details of the breach are limited, the company stated in an 8-K filing to the U.S. Securities and Exchange Commission, “an attacker had “improperly accessed” company data after a successful phishing scam targeting an employee in October. This gave the hacker access...

Starbucks will be opening a new Reserve location in the Empire State Building on November 16. According to the company, it is “like nothing you’ve seen before.” The new location will take up 23,000 square feet and three floors of the Empire State Building, Foodgressing reported.  If you are not super familiar with the coffee chain, you may be wondering “What is Starbucks Reserve?” According to the...

GM (General Motors) suspended its paid Twitter advertising directly after Elon Musk took over the platform. GM told CNBC on Friday that the company will continue to engage with customers on the social media platform but they will not be paying for advertising. The future of Twitter seems to be unknown, and GM explained in an emailed statement to CNBC, “We are engaging with Twitter to understand...

Walmart announced last week that it will be expanding its digital storefront, The Netflix Hub. The expansion brings a new Netflix Streaming Gift card and more opportunities to bring fans closer to the shows they love.  According to a press release published by the company, “Walmart customers will find even more music, apparel, collectibles, games and seasonal items from all their favorite shows and films including...

Elon Musk is not wasting any time. After Musk took control of Twitter for $44 billion last Thursday, he promptly fired CEO, Parga Agrawal, and Financial Chief, Ned Segal. Now, rumors are swirling that Musk has plans for even more job layoffs. According to The Wall Street Journal, the layoffs “are expected to reduce engineering positions as well as affect other areas at the company, according to...

Say goodbye to the Ford Fiesta. Ford announced this week that European production for the Ford Fiesta sedan will come to an end in 2023. The vehicle, first produced in 1976, has been replaced with a focus on electric vehicles.  Ford’s plans to end European production of the Fiesta are a step in the company’s major journey to bringing electric vehicles to all customers. Quartz reported that...