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New York CNN —Casino owner PENN Entertainment has dropped Barstool, the sports website, agreeing to a $2 billion dollar deal with ESPN to create ESPN Bet. The online Barstool Sportsbook will be rebranded as ESPN Bet in the fall, PENN said in a statement Tuesday. It secured exclusive rights to the ESPN Bet trademark for 10 years, with an option to be extended for another 10. To get out of some its “non-compete and other restrictive covenants” with Barstool, PENN sold all of its Barstool common stock to the sports site’s founder, David Portnoy. PENN completed its acquisition of Barstool in February, after buying an initial 36% stake of Barstool Sports in 2020.
Persons: PENN, Jay Snowden, David Portnoy, , Portnoy, it’s, ” Portnoy, “ Penn, ” PENN, Organizations: New, New York CNN — Casino, PENN Entertainment, ESPN, ESPN Bet, Penn, Twitter, Barstool Sports, Barstool Locations: New York, Barstool
Meanwhile, Twitter’s resources to fight child sexual exploitation content online (and what is sometimes called child pornography or child sexual abuse materials) are thin, following layoffs, mass-firings and resignations from the company. Child sexual exploitation content has remained a problem for Twitter, though most major social media platforms continue to deal with it in some form or another. Moderation of this content usually relies on a combination of automated detection systems and specialized internal teams and external contractors to identify child abuse content and remove it. “So, I mean, that is disheartening.”It’s unclear how many Twitter employees remain to work on child safety issues. A search on LinkedIn for current Twitter employees who say they work on child safety turned up only a few accounts.
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