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Grubhub to pay $25M to settle charges that it misled diners and drivers about costs and pay

Grubhub to pay $25M to settle charges that it misled diners and drivers about costs and pay

December 19, 2024
Grubhub will pay $25 million to settle charges it misled customers about the cost of their delivery and drivers about how much they could earn on the food-delivery platform. The Federal Trade Commission and the attorney general for the state of Illinois accused Chicago-based Grubhub of engaging ‘in an array of unlawful practices’ designed to […]
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Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

December 18, 2024
Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our players haven’t even taken the court yet and the foundation we are building with our partners unites unparalleled expertise, strategic insight, and an incredible product,” Unrivaled President Alex Bazzell said in a press […]
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CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

December 18, 2024
CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that the airline’s litigation was an attempt to circumvent the contract between the two companies. The agreement between CrowdStrike and Delta includes a clause limiting CrowdStrike’s liability and a cap on damages, which the […]
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Walmart employees are now wearing body cameras in some U.S. stores

Walmart employees are now wearing body cameras in some U.S. stores

December 18, 2024
Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has learned.  It’s not clear how many of Walmart’s stores have the recording devices, but some locations now have signs at entry points warning shoppers that it has “body-worn cameras in-use,” according to […]
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From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

December 17, 2024
A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown more discerning about how they spend their dollars. “I’ve been eating out less this year — it tastes just as good, and it’s way cheaper,” said Jennifer Jennings, who […]
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Former Ozy Media head sentenced to nearly 10 years in prison

Former Ozy Media head sentenced to nearly 10 years in prison

December 17, 2024
The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving the failed content startup. Carlos Watson was facing a maximum of 37 years in prison after his July conviction on securities and wire fraud charges. Prosecutors had sought a 17-year sentence and multimillion-dollar […]
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Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

December 17, 2024
President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects. The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years. Trump and Son announced a similar initiative in 2016 after Trump […]
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