by Charbel Lebbos | Sep 7, 2022 | business
Juul Labs will pay $438.5m (£380m) to end a probe of its advertising to underage buyers as it rose to be one of the top e-cigarette firms in the US. The deal with more than 30 states also restricts Juul’s marketing, for example barring use of people under the...
by Charbel Lebbos | Sep 6, 2022 | business, Featured, Technology
Irish regulators have fined Instagram €405m for violating children’s privacy. The long-running complaint concerned children’s data – particularly their phone numbers and email addresses. Some reportedly upgraded to business accounts to access...
by Charbel Lebbos | Sep 2, 2022 | business, World Economy
Worries over the prospects for the UK economy led the pound to slide by about 5% against the US dollar in August. The last time the pound fell so much against the dollar was in October 2016, in the aftermath of the Brexit vote. Sterling sank again on Thursday morning,...
by Charbel Lebbos | Sep 2, 2022 | business
Adult content subscription platform OnlyFans paid its owner $500m (£433m) in 18 months, accounts show. Leonid Radvinsky was paid $284m (£246m) in dividends in 2021 and another $233m (£201m) since November. Meanwhile, OnlyFans’ two million content creators made...
by Charbel Lebbos | Sep 2, 2022 | business
The Japanese yen has declined to its lowest level against the US dollar since August 1998, prompting the government to weigh action. The boost in the dollar stems from data suggesting the labour market of the world’s biggest economy is recovering. On Thursday,...
by Charbel Lebbos | Sep 1, 2022 | business, Technology
Snapchat will lay off 20% of its staff and shut down a string of new projects. About 1,200 employees will lose their jobs in the restructuring which had been expected after a year of poor financial results. The company was worth $130bn (112bn) a year ago. It’s...
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