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Influencer marketing is booming, and brands spend billions to promote products with a personal touch. But these days, the industry of influencer marketing is completely off the rails. Since 2016, the dollars driving the influencer marketing industry have ballooned from $1.6 billion a year to an estimated $21.1 billion in 2023, according to Influencer Marketing Hub. Marketers, brands, influencers, and platform companies all have opportunities to exploit one another to varying degrees of harm." It's not great for consumersDespite the money flying around, the FTC only provides basic guidelines about disclosure requirements for influencer marketing to protect consumers of their content.
Persons: , Emily Hund, Hund, David Camp, Michael Jordan, George Foreman, Brooke Shields, Calvin Klein, isn't, It's, Kim Kardashian, influencer Chiara Ferragni, Lindsay Lohan, DJ Khaled, Naomi Campbell, Kardashian, Dylan Mulvaney, Bud Light, Ben Shapiro, Donald Trump Jr, Camp Organizations: Service, Business, Social Media, Harvard Business, CBS News, Nike, Salton, FTC, SEC, Consumer, NBC Locations: influencers, California
The employees behind Tesla's Supercharging stations are being laid off, BI previously reported. Musk said following the cuts that Tesla will keep growing its charger network "at a slower pace." Tesla will now focus on "100% uptime and expansion of existing locations," Musk said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Tesla still plans to grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations," Musk wrote in a post on X.
Persons: Musk, Tesla, , Elon Musk Organizations: Service, Business
Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.
Persons: , Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida
Many in the political world are waiting with bated breath as the Supreme Court considers arguments over whether Donald Trump is immune from criminal prosecution for his behavior while in office. Depending on how the high court rules, some of Trump's most serious legal troubles could melt away instantly. But one clue, hidden in a 2009 legal review written by Trump-appointed Justice Brett Kavanaugh, could indicate how the conservative judge may decide in this case. One might contend that the country needs a check against a bad-behaving or law-breaking president, Kavanaugh acknowledges, but "the Constitution already provides that check." AdvertisementRepresentatives for the Supreme Court did not immediately respond to a request for comment from Business Insider.
Persons: Donald Trump, Trump, Brett Kavanaugh, Kavanaugh, didn't, Jonathan Entin, Ruth Bader Ginsburg, Entin, SCOTUS Organizations: Service, Republican, US, Case Western Reserve University, Supreme, DC Circuit, Department of Justice, Democratic, Trump, Business Locations: Minnesota
Putin critic Alexey Navalny's death may not have been planned to happen when it did, WSJ reported. The Journal reported that this opinion is shared by several US intelligence agencies. AdvertisementAlexey Navalny's February death in a remote Arctic prison camp likely wasn't directly ordered by Vladimir Putin, despite Navalny's outspoken criticism of the Russian president, The Wall Street Journal reported Friday. Despite the suspicious circumstances of the opposition leader's death, the outlet reported Putin may not have intended Navalny to be killed when he was. None of the intelligence agencies cited by the Journal or the Pentagon have responded to requests for comment from Business Insider.
Persons: Alexey Navalny's, Navalny's, , Vladimir Putin, Putin, — wasn't, Putin wasn't, Leonid Volkov, Navalny Organizations: Kremlin, Service, Street, CIA, National Intelligence, State, Journal, Pentagon, Business Locations: Russian, Poland
Apple is in talks with OpenAI and Google to bring AI to the next iPhone, Bloomberg reported. Tim Cook in recent months has teased that Apple has big plans for AI coming this year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Business Insider previously reported that the iPhone 16 is expected to be released this fall.
Persons: Tim Cook, Organizations: Apple, OpenAI, Google, Bloomberg, Service, Business
Celebrity photographer Annie Leibovitz bought her California farm estate in 2019 for $7.5 million. Take a look inside the sprawling 65-acre grounds nestled near the Bolinas Lagoon. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFive years after purchasing a historic property in rural California, celebrity photographer Annie Leibovitz has placed her dream home back on the market. AdvertisementTake a look inside the property that captured this famous photographer's eye.
Persons: Annie Leibovitz, , Stone Organizations: Service, San Francisco Art Institute, Wall Street Locations: California, New York, Europe, Bolinas , California
I know the legislature is doing a bill to try to protect our meat — You need meat, OK? "There's nothing about cultivated meat that is a conservative or a liberal thing," said Josh Tetrick, CEO of GOOD Meat — a cultivated meat company with the largest market share of the global industry so far. Other red-state politicians are also responding to the threat to their red meat, including Alabama State Sen. Jack Williams and Tennessee State Rep. Bud Hulsey, who have supported or proposed legislation to ban cultivated meat in their states. A nugget made from lab-grown chicken meat is seen during a media presentation in Singapore, the first country to allow the sale of meat created without slaughtering any animals.
Persons: , Ron DeSantis, DeSantis, Josh Tetrick, Mark Post, David Parry, Reuters SB1084, David Marshall, Alabama State Sen, Jack Williams, Bud Hulsey, Williams, Hulsey, hasn't, George Peppou, Justin Sullivan, there's, OpenSecrets, Alabama Sen, NICHOLAS YEO, Tetrick, Lauš Organizations: Service, GOP, Business, Maastricht University, Reuters, DeSantis, Arizona, Alabama State, Tennessee State, Marshall, FDA, USDA, Cargill, Foster Farms, US Department of Agriculture, Getty, Alabama, Foods Locations: Florida, Netherlands, Singapore, Alameda , California, California, AFP, United States, Czech
Donald Trump has inexplicably flip-flopped from his years of previous remarks disparaging the voting system and is now supporting absentee and early voting. "Absentee voting, early voting, and election day voting are all good options," the former president wrote on Truth Social on Friday afternoon. This story is available exclusively to Business Insider subscribers. AdvertisementWhile "vote-by-mail" and "absentee voting" are phrases often used interchangeably, there are minor differences in the procedures for each system. AdvertisementNicholas Grossman, an assistant professor of Political Science at the University of Illinois, told Business Insider it's unlikely Trump will maintain his newfound position supporting absentee and early voting.
Persons: Donald Trump, Trump, Jack Smith, Mitt Romney, Barack Obama —, Nicholas Grossman, Grossman, he's, That's, couldn't Organizations: Service, Business, US Post Office, Los Angeles Times, Science, University of Illinois, GOP, Trump, CNN, Republicans Locations: Trump, California
Court proceedings for Donald Trump's various criminal and civil cases are beginning to overlap. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump is juggling so many court proceedings they're beginning to overlap. Opening arguments will begin on Monday at 9:30 a.m. in Trump's hush-money case, the first-ever criminal trial to be held against a former president — and just the first of four criminal cases facing Trump to be heard in court. Trump denies the affair took place and refutes allegations that his financial records were falsified.
Persons: Donald Trump's, , Donald Trump, Trump, Stormy Daniels Organizations: Service, Trump, Business
The United Auto Workers union won a critical vote at a plant in Tenessee. The union's white whale is Tesla, workers of which have never been represented by a union. The warm-up for TeslaConquering the South is just a warm-up for the big event for the UAW: Organizing Tesla. Tesla has never held a union vote at any of its US facilities. Many Tesla workers already make more per hour than their unionized counterparts.
Persons: aren't, , Shawn Fain, Fain, Tesla, Elon Musk, Elon Organizations: United Auto Workers, Service, UAW, National Labor Relations Board, Reuters, unionizing, Detroit, Volkswagen, Mercedes, Tesla, Organizing, New York Times Locations: Tenessee, Tennessee, Chattanooga, Detroit, Alabama, Sweden
Live Nation is expected to be hit with an antitrust lawsuit as soon as next month, The WSJ reported. Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. The Justice Department could sue Live Nation, the concert giant that owns Ticketmaster, as soon as next month following a probe into its handling of venue and ticket negotiations, The Wall Street Journal reported Monday. Related storiesThe department is prepared to file the antitrust suit alleging Live Nation leveraged is dominance in the market to suppress competition, The Journal reported, citing people familiar with the matter. Swift released a statement shortly after the incident saying she was "pissed off" and described the outage as "excruciating," The New York Times reported at the time.
Persons: , Taylor, Swift, I'm, Swifties Organizations: WSJ, Ticketmaster, Service, The, Street, Legal, Institute of Cornell Law School, LiveNation, Justice Department, Business, New York Times, Times, Billboard
The US military remains poised to provide "defensive support" to Israel, the official said. AdvertisementThe US military on Saturday shot down drones fired by Iran and headed toward Israel amid Iran's retaliatory strike on the country. Advertisement"The matter can be deemed concluded," the official statement read. "However, should the Israeli regime make another mistake, Iran's response will be considerably more severe. It is a conflict between Iran and the rogue Israeli regime, from which the US MUST STAY AWAY!"
Persons: , Adrienne Watson Organizations: Israel, Saturday, BI, Service, Business, Islamic Revolutionary Guards Corps, Nations Locations: Iran, Israel, Iranian, Damascus, Syria, Islamic Republic of Iran, United States
The White House confirmed the attack was underway and underlined American support for Israel. Iran has threatened retaliation for an earlier strike by Israel on Iranian military targets in Syria. AdvertisementIran has begun an airborne attack against Israel, the White House confirmed on Saturday. Iran threatened to retaliate after Israel struck an Iranian consulate in Damascus, Syria on April 1, killing several high-level Iranian military commanders. The United States will stand with the people of Israel and support their defense against these threats from Iran."
Persons: , Kian Sharifi, Emanuel Fabian, Biden, Adrienne Watson Organizations: Saturday, White House, Service, Free, White Locations: Iran, Israel, Syria, Iranian, Damascus, United States
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA TikToker says she was "roasting like a freakin' chicken" after she got stuck in her Tesla on a hot day while the car completed its software update. I can't open up the doors or the windows otherwise, I could potentially damage my car," Janel continued in her viral video. AdvertisementIn a later video, Janel said she had owned her Tesla for about 6 years, but this was the first time she'd decided to update the car while she was inside. I'm literally dripping sweat; you can see it on my face," she said in a video update regarding her ordeal.
Persons: , Tesla, Brianna Janel, Chick, Janel, she'd, I've Organizations: Service, Business Locations: Orange County
Special Counsel Jack Smith implored the Supreme Court to reject Trump's immunity claims. The Supreme Court is set to hear arguments on the matter later this month. Related stories"A bedrock principle of our constitutional order is that no person is above the law — including the President," Smith wrote in this week's filing. AdvertisementThe Supreme Court is set to rule on Trump's immunity claim on April 25, the last day of oral arguments for the top court's current term. If the court rules against Trump's immunity claim, an eventual trial would likely coincide with the height of election season.
Persons: Jack Smith, , Donald Trump's, Trump, Smith, SCOTUS, Joe Biden's Organizations: Trump, Service, Justice Department, Business
Tesla's stock is down over 10% in the last year, and Elon Musk's net worth has also fallen. Lately, social media platform X has begun to look more like regular old Twitter. With his social media venture, X, that seems to mean returning to the app to the pre-Musk days of plain old Twitter. Musk and representatives for Tesla and X did not respond to requests for comment from Business Insider. "Honestly, the best thing that Twitter can do to regain its position is to sideline Musk.
Persons: Tesla, Musk, , Elon, Gabor Cselle, CNN's Oliver Darcy, David Camp, Metaforce, Camp, X, Cselle, Ed Zitron, Kim Kardashian, Jay, Zitron, Linda Yaccarino, Yaccarino, he's Organizations: Elon, Service, Twitter, NBC News, Variety, Business, Camp Locations: China, Texas
Google on Monday announced its enhanced Find My Device feature for Android phones is now available. Using a crowdsourced network of Androids, the feature can find your device even if it's offline. AdvertisementAfter missing its original summer 2023 release target, Google announced Monday that its enhanced Find My Device feature is now available for Android phones and tablets. The feature leverages Bluetooth technology across a network of over a billion Android devices to help users find their misplaced devices — even if they're offline. A representative for Apple declined to comment on the new Android feature when reached for comment by Business Insider.
Persons: , they've Organizations: Google, Monday, Service, Motorola, Apple, Business
Tesla settled a wrongful-death lawsuit related to a fatal 2018 crash . Walter Huang's family sued after the Apple engineer died when his Tesla was in Autopilot mode. AdvertisementTesla settled a wrongful-death lawsuit brought by the family of an Apple engineer who died when his Tesla crashed while in Autopilot mode, according to court records viewed by Business Insider. "The Huang family wants to help prevent this tragedy from happening to other drivers using Tesla vehicles or any semi-autonomous vehicles." AdvertisementRepresentatives for Tesla and the Huang family did not immediately respond to requests for comment from Business Insider.
Persons: Tesla, Walter Huang's, , Walter Huang, Huang, Mark Fong, Bryant Walker Smith Organizations: Apple, Service, Business, Court, The Washington Post, University of South Locations: California's Santa Clara, The, University of South Carolina
Luxury brands seek new retail storefronts in a bet that shoppers prefer in-store experiences. The Journal reported Kering, which owns Gucci and Saint Laurent, spent $1.4 billion on a building in Milan. E-commerce surged during the pandemic, but luxury brands thrive in hands-on environments. AdvertisementWhile vacancies in retail real estate have surged since the pandemic, luxury brands from Gucci to Chanel are betting big bucks that their in-store experience will draw in shoppers for the long haul. Kering, which owns Gucci and Saint Laurent, recently spent $1.4 billion on a building in Milan's Via Montenapoleone, The Wall Street Journal reported.
Persons: Gucci, Saint Laurent, , Chanel Organizations: Service, Gucci, Street Journal, New, Business Locations: Milan, Milan's
By failing to report the offer, Trump's legal team may have violated ethics rules, ProPublica found. "I saw that they were rejected by everyone, and I said, 'Gee, that doesn't seem like a difficult bond to post,'" Hankey told ProPublica. However, legal experts told Business Insider, that if his lawyers knew about the offer and failed to notify the court, they may have violated ethics rules. However, he noted it would be difficult to prove what Trump's lawyers knew and when they knew it. The Trump campaign, lawyers representing the former president in his civil fraud case, and Knight Specialty Insurance Company representatives did not immediately respond to requests for comment from Business Insider.
Persons: ProPublica, , Donald Trump's, he'd, Don Hankey, Gee, Hankey, Trump, Neama Rahmani, Andrew Lieb, " Lieb Organizations: Service, Trump, Knight Specialty Insurance, New York, Bar Association, NY, Division, Supreme, Business, Knight Specialty Insurance Company Locations: ProPublica
Read previewA former employee of Kanye West's has accused the rap mogul of threatening the staff and students of his private Christian school, Donda Academy, according to a new lawsuit filed Tuesday. Representatives for Donda Academy, Yeezy, and a lawyer for West did not immediately respond to a request for comment from Business Insider. AdvertisementPhillips was hired shortly after West's business empire began to collapse following his repeated antisemitic comments on social media, in which he claimed he would go "death con 3" on Jewish people. But, despite his public apologies for the remarks, Phillips said West's antisemitic comments and praise of Hitler continued at work, sometimes within earshot of students. "Fearing for their jobs and also to de-escalate Kanye's absurdities (so that the two present school children did not hear), the school staff did their best to ignore him."
Persons: , Kanye West's, It's, Donda, Trevor Phillips, Ye, West, Hitler, Phillips, Kanye, Pablo, West's, Bill Gates, Carney, Shegerian Organizations: Service, Donda Academy, Business, Yeezy, West, Associates Locations: Paris, California . West
At Starbucks, where each store is corporately owned, increased prices took effect as soon as the new law did, BI found. AdvertisementA roughly 15% price increaseBI found prices on Starbucks menu items increased from $0.50 to as much as $1.00 by comparing previous receipts to current prices. Others lamented that their typical order increased by a dollar or more. Baristas bear the brunt"As if we don't get harassed enough," a Starbucks barista posted on Reddit along with pictures of new signage reflecting the higher menu costs. Representatives for Starbucks United, which represents unionized Starbucks employees, did not immediately respond to a request for comment from Business Insider.
Persons: , Gavin Newsom, they're, hasn't, They're Organizations: Service, Gov, Food, Business, Starbucks, Starbucks United, California Starbucks Locations: California, North America
Read previewApple's new development in AI aims to take on OpenAI's GPT products and may make your interactions with virtual assistants like Siri more intuitive. The ReaLM system, which stands for "Reference Resolution As Language Modeling," understands ambiguous on-screen images and content and conversational context to enable more natural interactions with AI. The new Apple system outperforms other large language models like GPT-4 when determining context and what linguistic expressions refer to, according to the researchers who created it. The ReaLM system can interpret images embedded in text, which the researchers say can be used to extract information like phone numbers or recipes from on-page images. The researchers behind ReaLM and representatives for OpenAI did not immediately respond to requests for comment from Business Insider.
Persons: , Siri, OpenAI's, that's, Tim Cook Organizations: Service, Business, Apple, Microsoft, Google, OpenAI
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The bond sets the money aside — untouchable by either Trump or state officials — while he appeals the case. James' office had pushed back against lowering the bond amount, arguing that should Trump lose on appeal, state officials would need to chase him for whatever money he owes. With the interest stacking up every day, he's betting pretty big on winning this appeal. If Trump loses his appeal, he and his associates will then owe the remaining amount, plus interest.
Persons: , Donald Trump, Judge Arthur Engoron, Trump, Engoron's, Alina Habba, Letitia James, James Organizations: Service, Insurance Company, Business, Knight Insurance, Trump, Trump Organization Locations: New York, Manhattan, Los Angeles
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