64 posts tagged ‘Business’
MoviePass CEO faces prison after defrauding investors
Boing Boing,
Smug fraudster and MoviePass mastermind Ted Farnsworth finally faces justice after years of exploiting investors' dreams – but his potential 25-year sentence feels light for someone who made a career of destroying trust and retirement accounts. The 62-year-old serial scammer, who cringingly describes himself as a "financier, entrepreneur, and consummate disrupter" pleaded guilty this week to brazenly defrauding investors not once, but twice – first through MoviePass's infamous "$9.95 unlimited movies" scheme, then astonishingly repeating his con at Vinco Ventures after that company inexplicably hired him as CEO in 2022. — Read the rest The post MoviePass CEO faces prison after defrauding investors appeared first on Boing Boing.
Big Potato under fire: how 4 suppliers raised prices in suspicious lockstep
When Washington D.C. bar owner Josh Saltzman had the audacity to question four major potato suppliers' perfectly synchronized $0.12 price hike by Tweeting "Totally not collusion or anything, right?" he revealed himself as yet another victim of dangerous consumer-rights propaganda. What's next, Mr. — Read the rest The post Big Potato under fire: how 4 suppliers raised prices in suspicious lockstep appeared first on Boing Boing.
Bench Shut Down, Then Acquired
mjtsai,
Charles Rollet (Hacker News): Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has abruptly shut down, according to a notice posted on its website.[…]The company’s entire website is currently offline except for the notice, leaving thousands of businesses in the lurch. Bench touted having more than 35,000 U.S. customers just […]
Honey Extension Scam
David Nield: Honey, which is owned by PayPal, is a popular browser extension—with 19 million users on Chrome alone—but the shopping tool is being accused of some seriously shady practices, including keeping users away from the lowest online prices and blocking creator affiliate links to deprive them of revenue. The scandal surfaced through a comprehensive […]
Apple to Defend Google Revenue Sharing Agreement
Jody Godoy (Hacker News, Reddit): Apple has asked to participate in Google’s upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser.[…]Apple received an estimated $20 billion […]
Vlad Prelovac on Kagi Search and Orion
The Talk Show (transcript): Kagi founder and CEO Vlad Prelovac joins the show to talk about the business of web search, the thinking behind Kagi’s own amazing search engine, and their upstart WebKit-based browser Orion. Here are some highlights from what I thought was a very interesting conversation: Microsoft tried that with Bing and they […]
Why Disney Stopped Subscriptions on the App Store
Ariel Michaeli (October 2024): I see Disney’s choice of leaving the App Store as a long-term mistake that would cost them even more than the 30% they were giving Apple. Ariel Michaeli: Now that we have enough MRR data I think the reason is a bit clearer - and it isn’t just about fees.[…]In November, […]
Delta Adds External Purchase Link in US
John Voorhees: Delta, the MacStories Selects App of the Year, received an important update today that allows users of the game emulator to support its development via Patreon from inside the app. Existing patrons can connect their Patreon accounts from Delta’s settings, too, allowing them to access perks like alternative app icons and experimental features.This […]