Rothy’s CEO reveals how the sustainable-shoe startup plans to double sales by entering the men’s market after adding a half-million new customers in 2020

Summary List Placement Direct-to-consumer sneaker brand Rothy’s thrived during the pandemic amid a seismic consumer shift to e-commerce spending. The five-year-old company — known for its sustainable lifestyle footwear — added nearly 450,000 new customers in 2020 and launched 30 footwear silhouettes and products like bags and accessories while achieving profitability, according to CEO and cofounder Stephen Hawthornthwaite. Last month, Rothy’s debuted its men’s category with the releases of its RS01 Sneaker for $175 and The Driving Loafer for $185 after focusing exclusively on women’s products since its launch in 2016.   Though the brand reduced marketing spend during the pandemic ahead of the unveiling of the men’s line, Hawthornthwaite told… Read More

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Fox News isn’t even pretending to be a news network anymore — it’s time for consumers to force cable providers and advertisers to drop the network

Summary List Placement After a year spent undermining public health and safety, eroding confidence in our democracy, and mainstreaming white nationalism, it’s become even clearer that Fox News is a threat to the American public. Now, the network wants more money.  Per multiple industry publications, Fox News made a preemptive pitch to advertisers on May 11 in advance of the advertising industry “upfront” presentations scheduled to begin the following week. Major television networks, including Fox News, have traditionally used those presentations to sell the majority of their advertising space “upfront” for the year ahead. Reports suggest that in that pitch, Fox News touted its daytime programming and streaming service and… Read More

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Reddit traders pushing AMC stock have helped add over $120 million to CEO Adam Aron’s fortune since the start of the year (AMC)

Summary List Placement AMC’s chief executive officer Adam Aron has been reaping the rewards of Reddit traders’ push into heavily shorted stocks. The CEO has seen his fortune jump by over $120 million since the start of 2021 as AMC’s stock has risen roughly 1,500% amid a Reddit-induced rally. Aron owns or has been granted roughly 4.2 million shares of AMC stock, and unlike other executives, he hasn’t sold since the start of the year, according to CNBC. The CEO did gift over $15 million worth of shares to his two sons in March, but beyond that, Aron has managed to net over $120 million in paper gains on his… Read More

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Radar for self-driving cars is cheap but can’t see much. A Samsung-backed startup says it has cracked the problem.

Summary List Placement The fully autonomous car may be years — or decades — from widespread deployment, but vehicles rolling off production lines today are doing more and more to move the task of driving from the human to the computer. Today, cars with systems like Cadillac Super Cruise and Nissan Pro Pilot Assist rely largely on radar to “see” the world around them.  Radar is cheap and reliable, but it doesn’t offer detailed resolution. Lidar laser scanners offer much more detail, but the tech remains relatively expensive and is just now making its way into luxury vehicles. (Tesla, ever the aberration, recently dumped radar from its vehicles in favor… Read More

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An influencer boxing event pitting TikTokers against YouTubers has received a cease and desist email, apparently from TikTok’s parent company

Summary List Placement The organizer of an upcoming “YouTubers vs. TikTokers” amateur boxing event says it has received a cease and desist email that appears to be from ByteDance, TikTok’s parent company. ByteDance wants LiveXLive, the music streaming platform producing and streaming the fight, to cancel “Social Gloves: Battle of the Platforms” and delete all promotions, according to the email, which was sent late last month and reviewed by Insider. The June 12 event is set to feature YouTuber Austin McBroom boxing TikToker Bryce Hall in the main event in front of a stadium crowd in Miami and on pay-per-view. The letter states that LiveXLive prominently uses TikTok’s trademark without… Read More

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SIGN UP NOW: CEOs share what’s next and how talent drives transformation

Summary List Placement Insider’s virtual event “What’s Next: CEOs on How Talent Drives Transformation,” presented by PwC, takes place Tuesday, June 29, 2021, at noon ET, and includes live conversations with Insider editors and leaders from companies across sectors like advertising and media, retail, finance and transportation. Sessions will discuss the future of work, mentorship, upskilling, sustainability, diversity, and innovation. Sessions include: The future of work has arrived and it’s hybrid Mentorship and upskilling — the two keys to a high performing workforce Accelerating the green transformation to drive growth and sustainability Diversity and innovation define the future of work Speakers include: Are Traasdahl, CEO and founder, Crisp Devika Bulchandani,… Read More

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The publisher of a Trump-aligned tabloid agreed to pay the FEC nearly $200,000 for violating campaign-finance law during the 2016 election

Summary List Placement A360 Media LLC., the parent company of the Trump-aligned tabloid National Enquirer, has agreed to pay the Federal Election Commission $187,500 for breaking campaign finance law during the 2016 election, The Wall Street Journal reported. The agreement between A360 and the FEC relates to the former’s role in a “catch-and-kill” operation in which it purchased the rights to a story in which the former Playboy model Karen McDougal alleged that she had an affair with then-Republican presidential candidate Donald Trump in the 2000s. In the agreement, dated May 17, the $150,000 payment was described as an illegal corporate campaign contribution, according to the Journal. This week’s development… Read More

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Banking software startup Zeta is now a unicorn valued at $1.45 billion. Here’s an exclusive look at the pitch deck it used to raise $250 million from Softbank.

Summary List Placement Japanese mega-investor Softbank has funneled $250 million into Indian fintech startup Zeta, marking continued investor appetite for companies disrupting legacy banking. The funding comes from Softbank’s Vision Fund 2, a multibillion-dollar fund focused on tech startups. Softbank’s first Vision Fund backed companies like Uber and WeWork to mixed success. Zeta provides software to financial institutions to power credit, debit, and pre-paid cards, alongside buy now, pay later and deposit services. Companies can plug in via an application programming interface, or API. For example, French hospitality group Sodexo (also a minority investor in the business), uses the platform to manage its employee benefits system and distribute cards for… Read More

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A cybersecurity expert takes us inside a ransomware attack on a 70-employee company

Summary List Placement According to a 2019 study from Cybersecurity Ventures and Cisco, US businesses succumb to a ransomware attack on average every 11 seconds, meaning that thousands of small and medium-sized businesses all over the country will have a run-in with this debilitating and potentially devastating form of cybercrime. If your company is attacked, you likely won’t have to shell out $4.4 million like the Colonial Pipeline’s owner — or will you? How will things go down if, despite all your preparations, your company ends up being one of the businesses that Homeland Security Secretary Alexander Mayorkas stated compose 50% to 75% of all the victims of ransomware? For… Read More

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US stocks hover near records as optimism grows around a global economic rebound (INX, DJIA, COMPX, NDX, RUI, RUT)

Summary List Placement Stocks pushed higher Wednesday as investors drew closer to receiving the highly anticipated US monthly jobs report which is expected to show a strengthening labor market.  The S&P 50o and the Dow Jones Industrial Average were moving not far off from record highs as investors marked time to Friday’s jobs report for May. Payrolls are expected to rise to 645,000 following April’s weaker figures, according to Econoday. Here’s where US indexes stood at 9:30 a.m. on Wednesday: S&P 500: 4,207.77, up 0.14% Dow Jones Industrial Average: 34,635.33, up 0.17% (60.02 points) Nasdaq Composite: 13,748.28, up 0.08% Overall, “economic numbers are…painting a much more optimistic picture about the… Read More

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