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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe upcoming HBO documentary, "MoviePass, MovieCrash" chronicles the meteoric rise and fall of the movie-ticket subscription company MoviePass. This story is available exclusively to Business Insider subscribers. (Both Lowe and Farnsworth were charged with securities fraud in 2022 and are awaiting trial.) "MoviePass, MovieCrash" is produced by Assemble Media and Mark Wahlberg's Unrealistic Ideas ("McMillions").
Persons: , MoviePass, Stacy Spikes, Spikes, Hamet Watt, Mitch Lowe, Ted Farnsworth, Lowe, Farnsworth, Mark Wahlberg's Organizations: Service, HBO, Netflix, Business, Helios, Matheson Analytics, Media
Wall Street is getting nervous about Tesla
  + stars: | 2024-04-02 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at why Wall Street is getting nervous about Tesla . South China Morning PostEarnings season is approaching, and Wall Street's already ringing the alarm on a high-profile company. AdvertisementTesla won't report its full earnings until later this month, but Wall Street is preparing for trouble. One analyst called it a "nightmare" quarter for the company, while another firm labeled Tesla "a growth company with no growth." One strategy is getting more Tesla drivers subscribed to its Full Self-Driving software, which can run $199 monthly.
Persons: , Wall, Insider's Beatrice Nolan, Tesla, It's, that's, Elon Musk, ANDERSEN, Alyssa Powell, Donald Trump's, Ken Griffin's, Claire Merchlinsky, MoviePass, Ted Farnsworth, Manoj Bhargava, Putin, Elvira Nabiullina's, Forbes, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tesla, China, Bloomberg, Nvidia, Meta, Microsoft, Apple, Getty, BI Trump Media, SEC, Citadel, BI, Street Journal, Authentic Brands, Energy, Bank of Russia, The Locations: China, Russia's, Connecticut , Delaware , New York, Rhode Island, Wisconsin, New York, London
CNN —When the total solar eclipse traces a path across Mexico, the United States and Canada on April 8, spectators can anticipate a multitude of awe-inspiring moments. For those living outside of the path of totality, a crescent-shaped partial eclipse, rather than a total eclipse, will be the main event. A partial solar eclipse is seen between clouds from Socorro in Sao Paulo, Brazil on October 14, 2023. The diamond ring effect is seen during the total solar eclipse on August 21, 2017, in St. Louis, Missouri. And we’re living at the right time to truly enjoy the sight of a total eclipse on Earth, he said.
Persons: , John Mulchaey, Crawford H, Greenewalt, it’s, Robyn Beck, Igor, ” Mulchaey, , It’s, you’re, Mulchaey, Francis Baily, Heinz, Peter Bader, X00316, Tim Spyers, Andrew Farnsworth Organizations: CNN, Carnegie Institution, Carnegie, NASA, Cornell, of Ornithology Locations: Mexico, United States, Canada, , Prairie, AFP, Socorro, Sao Paulo, Brazil, St, Louis , Missouri
At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."
Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, , Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York
Haiti’s future is being planned on two tracks — one involving traditional political power, the other focused on the power of gangs. Photos You Should See View All 60 ImagesPrime Minister Ariel Henry announced Tuesday that he would resign once the transitional presidential council was created. Guyana President Irfaan Ali said the transitional council would have seven voting members and two nonvoting ones. The transitional council includes a role for civil society alongside the Montana one, but some observers say that is far from enough. Specifically, outside actors have undermined civil society and failed to punish bad elements, he said, making the work of constructing a functional society infinitely more difficult.
Persons: Jimmy “, Chérizier, Ariel Henry, Irfaan Ali, , Michael Deibert, Moïse Jean, Charles, Guy Philippe, Philippe, Jean, Bertrand Aristide, Charles Joseph, Aristide, Henry, Robert Fatton, Francois Pierre, Louis, ” Pierre, Eric Farnsworth, Organizations: United States, Associated Press, Montana Accord, United, Former, University of Virginia, Queens College, City University of New, of, Americas Society Locations: Jamaica, Port, Guyana, Montana, Haiti, United States, EDE, RDE, Haitian, City University of New York, U.S, Americas
His acceptance speech quickly went down in history as one of the most memorable and moving in Oscar history. As we gear up for the 96th Academy Awards on Sunday, here’s a look back at Hanks’ groundbreaking acceptance speech, 30 years later. The speechIt starts out like any other speech, with Hanks thanking his wife Rita Wilson, as well as the film’s cast and crew — including co-stars Antonio Banderas and Denzel Washington. And God bless America.”Tom Hanks winning an Oscar for "Philadelphia" | 66th Oscars (1994)Hanks was speaking of the lives lost to AIDS. His casting wouldn’t have worked today, Hanks saysMemorable Oscars speech aside, “Philadelphia” has been criticized for its casting of a straight actor as a gay man.
Persons: Tom Hanks, — Hanks, , Hanks, Rita Wilson, Antonio Banderas, Denzel, Rawley Farnsworth, John Gilkerson —, , ” Hanks, ” Tom Hanks, he’d, Philadelphia ”, Steven Spielberg, Philadelphia ’, Farnsworth, I’ve, , I’d, wouldn’t Organizations: CNN, AIDS, Philadelphia, New York Times, People Magazine, Academy Locations: Hollywood, “ Philadelphia, Denzel Washington, Philadelphia, Independence
WASHINGTON (AP) — When a total solar eclipse transforms day into night, will tortoises start acting romantic? They previously detected other strange animal behaviors in 2017 at a South Carolina zoo that was in the path of total darkness. This year’s full solar eclipse in North America crisscrosses a different route than in 2017 and occurs in a different season, giving researchers and citizen scientists opportunities to observe new habits. After the 2017 eclipse, he analyzed data from tracking devices previously placed on wild species to study habitat use. So do feral horses, “probably taking cover, responding to the possibility of a storm out on the open plains.”The last full U.S. solar eclipse to span coast to coast happened in late summer, in August.
Persons: , Adam Hartstone, Siamangs, gibbons, “ It’s, Jennifer Tsuruda, Tsuruda, of Alberta's Olav Rueppell, Nate Bickford, , Andrew Farnsworth, Raffaela Lesch Organizations: WASHINGTON, Fort Worth Zoo, North Carolina State University, University of Tennessee, of Alberta's, Oregon Institute of Technology, Cornell University, University of Arkansas, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Texas, South Carolina, Columbia , South Carolina, Hartstone, Little Rock , Arkansas, Toledo , Ohio, Indianapolis, North America
Frank Herbert first described this harsh, fictional world of Arrakis in his 1965 novel "Dune," which was recently adapted into a film trilogy. The movie was shot in the deserts outside Abu Dhabi, but we wondered what it would actually take to survive on a real-life Arrakis. AdvertisementDune's planet Arrakis has enormous sandworms, a drug known as spice that helps with interstellar travel, and two moons. Planet Arrakis lacks oceans, lakes, or even tiny puddles on its surface. Surviving the temperature extremesIf the lack of water on Arrakis doesn't kill you, the heat certainly will if you're not prepared.
Persons: , Frank Herbert, Seth Collings Hawkins, Amy J, it's, Alexander Farnsworth, Farnsworth, Herbert, Hawkins, Arrakis, Kreykes Organizations: Service, Business, Wake Forest University School of Medicine, University of Texas Medical Branch, Warner Bros, University of Bristol, Mexican - Locations: Abu Dhabi, Arrakis, Sonoran, Mexican, Mexican - U.S, Arizona , New Mexico, California
Garrett kept a low profile for the next four years until he announced last November that he would run for the Virginia House of Delegates. Garrett, who denies the accusations, is among four candidates for state legislative seats in Virginia this year who have been accused of physical violence against women — two during divorce proceedings, one in a pending criminal case and one in criminal cases decades ago that ended with charges being dismissed. Political Cartoons View All 1233 Images“Domestic and sexual violence is not blue, and it's not red," she said. Chuck Felmlee, Fariss' attorney, said that Fariss did not intend to hit the woman but that she bumped into the SUV and fell down. The House Republican caucus is supporting GOP nominee Eric Zehr in the deep red district.
Persons: Tom Garrett, Garrett, Flanna Sheridan Garrett, , Lisa Sales, , Stephen Farnsworth, University of Mary Washington, Trump, Farnsworth, Clinton Jenkins, Emily Brewer, Jenkins, Brewer, “ Emily Brewer's, , Republican Del, Matt Fariss, Fariss, Chuck Felmlee, Felmlee, he’s, Eric Zehr, Sen, Joe Morrissey, Morrissey, Challenger Lashrecse Aird, ” Jason Seiden, Flanna, Tom Garrett’s, ” Garrett, Christopher Smith Organizations: — Republican U.S . Rep, Virginia, Senate, National Organization for Women, Democrats, Republicans, University of Mary, GOP, Republican, Democratic, News, Politico Locations: RICHMOND, Va, Virginia, Tuesday's, Hampton Roads, Southside Virginia, , Lynchburg
But this year, abortion is on the ballot, with party control of the closely divided chambers of the legislature determining whether Virginia will lose its status as the last Southern state where abortion is mostly legal and accessible. Democrats, meanwhile, see the races as critical not only to sustaining abortion rights in swing-state Virginia but as a test of how powerful the issue remains nationally. Predicting winners is always difficult in state legislative races, but especially hard in Virginia. Where Democrats have an edge, experts say, is on the motivating factor of abortion rights. Since Dobbs, pro-abortion rights voters have become more energized, Rackaway says, since they're trying to regain something they lost in the Supreme Court ruling.
Persons: Danica Roem, Danny Diggs, Glenn Youngkin, Youngkin's, Chapman Rackaway, Youngkin –, Zack Roday, Dobbs, Steven Farnsworth, University of Mary Washington, Ohioans, Andy Beshear, Daniel Cameron, Jaime Harrison, Harrison, Kyle Kondick, Biden, Youngkin, Farnsworth, , Rackaway, you've, Diggs, Roday doesn't, they've, Roday, Heather Williams Organizations: Senate, Republican, Gov, Old Dominion, Republicans, Radford University, U.S . Senate, GOP, Youngkin's PAC, Jackson, Health Organization, University of Mary, Democratic, Bluegrass State, Democratic National Committee, Center, Politics, University of Virginia, Virginia, Democrats, The Washington Post, , National Democrats, Democratic Legislative, Republican National Committee, Republican Party of Virginia, Campaign Locations: Northern Virginia, Virginia, Southern, Old, Dobbs – California , Kansas , Kentucky, Michigan, Montana, Vermont, Pennsylvania, Kentucky
The free-wheeling Senate District 27 race in the Fredericksburg area features Republican Del. “I’ve always run a true independent campaign. But because the race could determine control of the state Senate, much of the focus has been on abortion. “I’ve always been very honest and transparent than I am pro life,” Durant said. Griffin, a Democrat, said he would leave current Virginia law in place but seek to enshrine abortion rights in the state constitution.
Persons: Republican Del, Tara Durant, Joel Griffin, Monica Gary, Gary, “ I’ve, , Glenn Youngkin, Durant, ” Durant, ” Griffin, Griffin, she's, Stephen Farnsworth, restauranteur Matt Strickland, Strickland, deride Durant, Youngkin, She, Organizations: Democrat, Republican, Marine, Stafford, Economic Development Authority, Republican Gov, Democrats, Associated Press, Mary Washington University, Life, Republicans, AP Locations: FREDERICKSBURG, Va, Fredericksburg, Stafford County, Virginia, Durant
CNN —The formation of a new “supercontinent” could wipe out humans and all other mammals still alive in 250 million years, researchers have predicted. They found it would be extremely hot, dry and virtually uninhabitable for humans and mammals, who are not evolved to cope with prolonged exposure to excessive heat. Humans – along with many other species – would expire due to their inability to shed this heat through sweat, cooling their bodies,” Farnsworth added. This grim outlook is no excuse for complacency when it comes to tackling today’s climate crisis, the report authors warned. “While we are predicting an uninhabitable planet in 250 million years, today we are already experiencing extreme heat that is detrimental to human health.
Persons: ” Alexander Farnsworth, ” Farnsworth, Farnsworth, ” Benjamin Mills, Eunice Lo, ” Lo Organizations: CNN, University of Bristol, Nature, University of Leeds Locations: United Kingdom, UN
It’s been about 250 million years since reptile-like animals evolved into mammals. Now a team of scientists is predicting that mammals may have only another 250 million years left. The researchers built a virtual simulation of our future world, similar to the models that have projected human-caused global warming over the next century. Using data on the movement of the continents across the planet, as well as fluctuations in the chemical makeup of atmosphere, the new study projected much further into the future. Alexander Farnsworth, a paleoclimate scientist at the University of Bristol who led the team, said that the planet might become too hot for any mammals — ourselves included — to survive on land.
Persons: It’s, Alexander Farnsworth, , Dr, Farnsworth Organizations: University of Bristol, Nature
RICHMOND, Va. (AP) — A Democratic Virginia legislative candidate whose race was rattled by the revelation that she and her husband livestreamed themselves having sex moved forward with her campaign Tuesday and drew some early support in the high-stakes contest. But state Sen. L. Louise Lucas, a leading Democratic lawmaker in Virginia, quickly came to her defense, calling on voters to “make this the biggest fundraising day of (Gibson's) campaign.” Many women voters retweeted Lucas with a link to donate to Gibson's campaign. Linton said she plans to donate another $100 to Gibson's campaign even though she can't vote for her because she lives outside her district. Mark Rozell, dean of George Mason University’s Schar School of Policy and Government, said the sex videos are a huge distraction from Gibson's campaign. But Monica Hutchinson, a legislative coordinator for a youth justice organization, said she supported Gibson before the videos surfaced and she will continue to support her.
Persons: livestreamed, Susanna Gibson, Gibson, Roe, Wade, — Gibson, Sen, Louise Lucas, retweeted Lucas, , Amanda Linton, Linton, “ It's, Lucas, , Glenn Youngkin —, “ Susanna, she’s, Susanna, Lauren Chou, Stephen Farnsworth, University of Mary Washington, it’s, “ Donald Trump, Farnsworth, Mark Rozell, George Mason University’s, Monica Hutchinson, Hutchinson, ” Gibson, ” ___ Barakat Organizations: , Democratic, Republican, General Assembly, U.S, Washington Post, The Associated Press, Republican Gov, GOP, University of Mary, George Mason University’s Schar, of Policy, Government Locations: RICHMOND, Va, Democratic Virginia, Richmond, U.S ., Virginia, , Falls Church , Virginia
But the high-profile assassination on Wednesday of presidential candidate Fernando Villavicencio could be a turning point for the country that has so far struggled to control the bloodshed. Ecuadorean presidential candidate Fernando Villavicencio ran on an anti-corruption platform prior to his death. Floundering authoritiesSecurity and state forces have been badly unprepared for the rise of criminal groups in the country. A a car transports the body of Ecuadorean presidential candidate Fernando Villavicencio on August 10. Last year, the US withdrew visas from high-ranking officers of Ecuadorian state security forces, alleged to be linked to drug trafficking, as well as several judges and lawyers.
Persons: CNN —, Fernando Villavicencio, ” Juan Pappier, Watch’s, , Karen Toro, Laura Lizarazo, , ” Lizarazo, Ecuador’s, Guillermo Lasso, Lizarazo, Eric Farnsworth, , Villavicencio –, El, Nayib Bukele, Luisa González, Rafael Correa, Vicente Gaibor del Pino Organizations: CNN, Customs, Border Patrol, Ecuadorian, Reuters, Lobos, of, Americas Society, Security Locations: Ecuador, , Peru, Colombia, Europe, Washington, Americas
Embattled digital-media company Vinco Ventures has been suspended by Nasdaq after a board exodus. It became a meme stock in 2021 after teaming up with the ex-chairman of MoviePass and touting buzzy acquisitions. The future of Vinco Ventures, the publicly traded media venture with ties to ex-MoviePass chairman Ted Farnsworth, is hanging in the balance after a series of buzzy deals collapsed and a board exodus has put the stock on the brink of a Nasdaq delisting. Shares of Vinco have nosedived 99% since their recent peak in September 2021, when meme-stock investors helped propel the stock. Farnsworth led the 2017 acquisition of MoviePass as chairman and CEO of the then-publicly-traded company Helios & Matheson Analytics, or HMNY for short.
Persons: Ted Farnsworth, we've, Shadwrick Vick, Farnsworth, Vick, It'd, Vinco, They're, Mitch Lowe, Lowe, MoviePass, Chris Bond, Mr Organizations: Vinco Ventures, Nasdaq, Zash Global Media, Entertainment, National Enquirer, Street Journal, MoviePass, Helios, Matheson Analytics Locations: Vinco, Clark County , Nevada
If “Futurama” were a person, you could imagine it saying “Doh” when it returns after 10 years and “The Simpsons,” the show in whose shadow it has always resided, is still around. The new season picks up in the next moment, with both fictional time and the actual show rebooted. If you haven’t watched the show before, you won’t know what you’re missing, but you probably will be aware that you’re missing something and that this is a problem. A greater concern is that a little of the zip has gone out of the writing and the overall comic conceptualism. Episodes aimed at big, easy targets like Bitcoin and Amazon feel routine, no matter how many opportunities they provide for making connections to the show’s past.
Persons: Matt Groening, David X, Cohen, Philip J, Fry, Billy West, , Homer Simpson, Leela, Katey, Farnsworth, Bender, John DiMaggio, it’ll, you’re Organizations: Hulu Locations: Hulu
MoviePass will be available at Walmart, several sources familiar with the deal told Insider. MoviePass relaunched last year in beta form and plans to be available to all customers by the summer. MoviePass will have displays in Walmart stores across the country where its subscription cards will be available for shoppers, sources said. No details were given to Insider about what the offer on the MoviePass Walmart cards will be, or when the cards will be available in stores. "This is a huge win for MoviePass and for the theatrical movie business," Comscore senior media analyst Paul Dergarabedian told Insider.
A former MoviePass exec was arrested Tuesday on allegations that he embezzled $260,000 from its former parent company. Khalid Itum was charged with two counts of wire fraud and two counts of money laundering. According to the indictment, Itum, 42, registered the Los Angeles-based company Kaleidoscope Productions LLC in 2017 that provided production and marketing services. Itum was arrested by the FBI and has been charged with two counts of wire fraud and two counts of money laundering. In November, Farnsworth and Lowe were charged in a securities fraud case by the Department of Justice on one count of securities fraud and three counts of wire fraud.
In this photo illustration, celebrity gossip dominates the cover of a National Enquirer magazine on April 11, 2019 in Chicago, Illinois. The National Enquirer, the tabloid at the center of many controveries involving former President Donald Trump, will be sold to a joint venture involving Theodore Farnsworth, the former MoviePass chairman who has been criminally charged with securities fraud. The Enquirer's parent company, a360 Media, agreed to sell the publication – along with other tabloid brands the National Examiner, the Globe and the National Enquirer UK – to VVIP Ventures, a joint venture made up of Vinco Ventures and Icon Publishing, the companies said Monday. The deal's price wasn't disclosed, but Farnsworth, the founder of Icon Publishing, told The New York Times that it was a little under $100 million. The National Enquirer has been on the block for about four years.
MoviePass is working on an unlimited option in its new beta form. Spikes said MoviePass will leave beta and be available to the general public by the summer. During an interview with Insider, cofounder Stacy Spikes revealed that the movie-ticket-subscription service is working on an unlimited plan. "In at least two the unlimited option is being tested. Spikes told Insider he plans to open up MoviePass to the general public by the summer.
Stacy Spikes told Insider he plans to put MoviePass out of beta and make it available for all by the summer. You would think Spikes would want to run as far away as possible from the movie-ticket-subscription startup. Before Stacy Spikes created MoviePass he created the Urbanworld Film Festival. I wanted to put that down because I see so many times people approach me and think MoviePass was my first business. MoviePassThe MoviePass beta version is focused on the credits system, e-ticketing, and fixing bugsWhat have been the biggest challenges in getting this beta version of MoviePass off the ground?
That came after the leaders had touted a "common South American currency" on Sunday and officials told the Financial Times the tender could even be called the "sur" and eventually look to bring in other countries around South America. "It has failed to achieve simpler integration goals than that of a common currency." He called the idea of a currency union a "fantasy." Currency union talk was just a distraction, she said. Todd Martinez, a director at Fitch Ratings' sovereigns group focused on Latin America, said the two countries appeared to be unlikely partners to form a successful currency union, given their diverging economies.
It was totally avoidable.”Now, Bolsonaro is in Orlando, where he has supporters among the state's growing number of Brazilian Americans. After Bolsonaro's loss, unfounded claims of election fraud, reminiscent of those in the U.S., began to surface in Brazil. Bannon had said prior to the Brazilian election that Bolsonaro would lose only if “the machines” steal the election. Leading to the presidential elections in Brazil, Trump allies exported many of the former president's campaign strategies to the Latin American country. After Bolsonaro's October loss, tens of thousands of supporters began camping outside military facilities throughout Brazil to protest his loss.
In 2021, Google's cofounders, Larry Page and Sergey Brin, collectively gave away nearly half a billion dollars from their philanthropic foundations. 2 moguls, 2 different approaches to charitiesBrin's personal foundation, the Sergey Brin Family Foundation, disbursed roughly $250 million in both 2020 and 2021. The Sergey Brin Family Foundation lists three key officers. Brin's and Page's philanthropic donations, while extensive, represent a fraction of their net worths. Brin donates directly to the Sergey Brin Family Foundation, while Page's contributions to the Carl Victor Page Memorial Foundation are routed through a limited-liability company named Florida LLC.
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