DIRS.INFO The most relevant business & tech news

☆ Truth Social: Donald Trump is on the verge of another $1 billion windfall
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social. Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices. Of course, Trump Media’s share price is subject to extreme volatility, meaning the value of this stake can swing wildly. ‘Grossly overvalued’Even though Trump Media’s share price has retreated since spiking to $66 last month, experts warn it remains overvalued based on fundamental metrics. Ritter, who has been studying IPOs for four decades, expects Trump Media’s share price to eventually plunge to just $1 or $2 per share.

Persons: Donald Trump, Trump, ”, Michael Ohlrogge, ‘, Matthew Kennedy, Kennedy, Jay Ritter, University of Florida . Ritter, Peter Byrne, Cooley Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trump, SEC, NYU School of Law, Renaissance, Facebook, Meta, University of Florida, NYU Locations: New York

☆ Why Trump Media & Technology Group’s stock price is so volatile
▼ + stars: | 2024-04-09 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

You might miss a massive move in Trump Media & Technology Group’s stock price. Trump Media is so turbulent that it makes bitcoin’s volatility look tame. There are many reasons why Trump Media shares have been so volatile, including the fact that the company is inextricably linked to the former president. This dynamic makes it easier for investors to place bullish bets, sending Trump Media shares surging. But that has been trickier with Trump Media, allowing its stock to spike in its early days.

Persons: Donald Trump, it’s Trump, ”, Matthew Tuttle, Michael Ohlrogge, Matthew Kennedy, Kennedy, “, it’s, Bob Sloan, Tuttle, Charles Schwab, ” Tuttle, Ohlrogge, Trump, Renaissance’s Kennedy, Jonathan Macey, ” Macey Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, Tuttle Capital Management, Trump Media’s, NYU School of Law, Similarweb, Renaissance, Facebook, Meta, “ Traders, Companies, S3 Partners, CNN, NYU, MBT, Yale Law School Locations: New York

The public backlash persists over the fake, sexually explicit images of Taylor Swift that recently circulated online. The pornographic and digitally altered images of the superstar singer-songwriter and musician spread last week on social media websites such as X, formerly Twitter. The images were deepfakes, a relatively new term for a seemingly realistic but manipulated video or photo produced by a form of AI. But the proliferation of such deepfakes is getting the attention of government officials – both nationally and at the state level. Additionally, at least the 10 states below now have legislation that specifically targets those who create and share explicit deepfake content, as reported by USA Today.

Persons: Taylor Swift, ”, Judith Germano, –, Joe Biden, Germano, ” Germano Organizations: Organization for Social Media Safety, NYU School of Law, Management, “, USA

☆ In any other case, Trump lawyer Alina Habba's antics would be grounds for malpractice, ethics lawyer says
▼ + stars: | 2024-01-24 | by ( Sonam Sheth | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewDonald Trump's lawyer made headlines last week after she violated basic courtroom rules and proper legal procedure in the E. Jean Carroll defamation trial. Alina Habba's behavior would have opened her up to potential malpractice liability in any other case, said one ethics lawyer. But Trump is unlikely to sue Habba for malpractice, he said. "Trump wants a lawyer who will fight in the court of public opinion as much as the courtroom," Neama Rahmani, the president of West Coast Trial Lawyers, told Business Insider. "There aren't a lot of good trial lawyers who want to jump on that grenade."

Persons: —, Donald Trump's, Jean Carroll, Lewis Kaplan, Habba, dinging, Alina Habba's, Trump, Stephen Gillers, Gillers, wouldn't, they'll, Kris Franklin, Mary, Carroll, Rahmani, didn't Organizations: Service, Business, NYU School of Law, West, Trial, New York Law School, New, The New York Times, Habba Locations: New York

☆ An NYU law student lost their post-grad job offer over their statement blaming Israel for the Hamas attacks, firm says
▼ + stars: | 2023-10-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

An NYU law student has lost their job offer after publicly blaming Israel for Hamas' attacks. Law firm Winston & Strawn said it withdrew its offer to the student because of their remarks. The student, president of the NYU Student Bar Association, issued a Monday letter condemning Israel. AdvertisementAdvertisementA New York University law student who published a statement condemning Israel for Hamas' attacks has lost their job offer at Winston & Strawn, the law firm said on Tuesday. "This message was not from NYU School of Law as an institution and does not speak for the leadership of the Law School," McKenzie wrote.

Persons: Israel, Strawn, —, Winston, Ryna Workman, Workman, NYU School of Law Dean Troy McKenzie, McKenzie Organizations: Winston, NYU Student Bar Association, Service, York University, Strawn, NYU School of Law, Law, NYU, Israel Defense Forces, Gaza, Gaza Ministry, Health Locations: Hamas, Israel, New York, Palestine, Gaza

☆ Trump is weaponizing the Russia report he demanded -- even though it lacks bombshells
▼ + stars: | 2023-05-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Another Trump ally, South Carolina Republican Sen. Lindsey Graham, argued the report showed the “rule of law in America is subservient to political outcomes. In another politically sensitive part of his report, Durham found that the FBI did not pursue allegations against Clinton with the same vigor with which they acted against Trump. He pointed out that the Trump investigation was launched at a time when Russia was attacking Democratic National Committee servers and had used stolen information to attack Clinton. The investigation was only launched after the bureau received evidence from a friendly foreign government that the Trump campaign had been offered help by the Russians. But all Trump needed from the report was a headline and a general narrative of suspicion against the FBI.

☆ Should parents decide what their kids do online? These states think so
▼ + stars: | 2023-04-15 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +8 min

That, at least, is the vision emerging from a growing number of states introducing — and in some cases passing — legislation intended to protect kids online. Now, in the absence of federal legislation, states are taking action, and raising some alarms in the process. On the surface, providing more guardrails for teens is a step forward that some parents may welcome after years of worrying about the potential harms kids face on social media. “Not all parents are passionate, kind and supportive of their kids, and even the ones who are don’t have the capacity or time to deal with the 24/7 nature of social media,” said Heitner. “It’s an unfair burden.”Enforcement issuesGiven that the bills are unprecedented, it’s unclear how exactly social media companies will adapt and enforce it.

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ Analysis: Bed Bath's novel deal is no universal dodge-bankruptcy card
▼ + stars: | 2023-02-17 | by ( Shankar Ramakrishnan | ) www.reuters.com time to read: +5 min

It's unclear whether Bed Bath can capitalize on the breathing room to turn around its business, which has been battered by competition from other online and brick-and-mortar retailers. A spokesperson for Hudson's Bay declined to comment, while Bed Bath & Beyond did not respond to requests for comment. To secure the Hudson's Bay investment, Bed Bath offered a deal that guarantees the hedge fund a lucrative return in most circumstances. It is not clear how much of the stock Hudson's Bay has converted and sold since it inked the deal with Bed Bath on Feb. 6. The deal is very dilutive for other Bed Bath investors, who will end up owning 80% less if the company survives.

☆ The DOJ's antitrust case against Google is ambitious but risky
▼ + stars: | 2023-01-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +10 min

But alongside the possibility of great reward comes significant risk in seeking to push the boundaries of antitrust law. "All antitrust cases are an uphill battle for plaintiffs, thanks to 40 years of case law," said Rebecca Haw Allensworth, an antitrust professor at Vanderbilt Law School. But, Allensworth added, the government's challenges may be different than those in many other antitrust cases. Like all antitrust cases, this one is unlikely to be concluded anytime soon. "This is clearly the blockbuster case so far from the DOJ antitrust division," Francis said.

Now, with the fraud charges filed earlier this week against Sam Bankman-Fried, the founder of the bankrupt FTX exchange, Williams has further solidified his office's growing role in prosecuting financial crimes involving cryptocurrency, according to interviews with a half-dozen former prosecutors. Bankman-Fried, 30, has acknowledged risk management failures at FTX but said he does not believe he has criminal liability. In the wake of Bankman-Fried's arrest, Williams has made clear he would plow on with cryptocurrency enforcement. On Wednesday, he announced wire fraud conspiracy charges against the founders of two separate cryptocurrency mining and trading companies he called Ponzi schemes. On Tuesday, Williams told reporters more charges in the FTX probe were possible.

☆ Comedian Eric André is suing police after saying he was racially profiled at Atlanta airport in a 'humiliating and degrading experience'
▼ + stars: | 2022-10-13 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Eric André is suing police after saying he was racially profiled at Atlanta airport last year. André and fellow comedian Clayton English were both questioned on a jet bridge about carrying drugs. Representatives for the two men said 56% of stops at the airport involved Black passengers. André is suing Clayton County Police Department alongside fellow actor and comedian Clayton English after both said they were racially profiled by police at Hartfield-Jackson International Airport on a jet bridge in "nearly identical situations several months apart." In a press release from Policing Project, André said: "I was blocked in a jet bridge by two police officers who interrogated me about drugs.

☆ Comedians sue over drug search program at Atlanta airport
▼ + stars: | 2022-10-11 | by ( Kate Brumback | ) www.nbcnews.com time to read: +6 min

Lawyers for the two men filed a lawsuit Tuesday in federal court in Atlanta alleging that they were racially profiled and illegally stopped by Clayton County police at Hartsfield-Jackson Atlanta International Airport. The Clayton County Police Department did not immediately respond Tuesday to an email seeking comment. Clayton County police said at the time that it was “consensual.”“Mr. The lawsuit names Clayton County and the police chief, as well as four police officers and a district attorney’s office investigator. The comedians seek a jury trial and ask that the Clayton County police jet bridge interdiction program be declared unconstitutional.

☆ Amazon's latest product announcements are a reminder the company is always watching
▼ + stars: | 2022-10-02 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

But the event was also another reminder of just how much Amazon’s many products are watching us. The new Halo Rise sleep tracking device, for example, sits on the nightstand and monitors a person’s breathing and micro-movements as they sleep without the need to wear a sleep tracker. Amazon is far from the only tech company offering products that monitor users or collect data with the promise of improved conveniences, productivity and safety. In the months leading up to the product event, Amazon made two big announcements that could expand its reach into our lives even more. The Halo Rise sleep tracking device, meanwhile, encrypts the collected data and stores it in the cloud, according to the company.

Search resuls for: "NYU School of Law"

14 mentions found