DIRS.INFO The most relevant business & tech news

☆ MoviePass CEO Stacy Spikes on his plans to relaunch the service (for real) and bring back an unlimited option
▼ + stars: | 2023-01-24 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +20 min

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?

☆ Nike employees described 'sloppy drunk' men, witnessing oral sex, and requests to 'dress sexier' at work in newly unsealed surveys
▼ + stars: | 2022-12-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

In early 2018, female Nike employees were fed up with the company's response to claims of sexual harassment and gender discrimination, so they anonymously surveyed each other about their experiences at the company. A third wrote that she caught a male executive receiving oral sex from a lower-ranking female in the campus gym. But four former Nike employees familiar with the collection of the surveys told Insider closer to 100 were collected. "Maybe if you dressed nicer I would be on time," one female Nike worker said she was told by a male Nike executive. "Kept it to myself because of who he is at the company," wrote the person who was told to "show some skin."

☆ UK's Labour comfortably beat PM Sunak's Conservatives to retain parliamentary seat
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 2 (Reuters) - Britain's opposition Labour Party retained a parliamentary seat in the northwest of England on Friday, comfortably winning the vote in the first electoral test for Rishi Sunak as prime minister. Labour candidate Samantha Dixon won the City of Chester constituency, securing 61% of the vote, compared to 22% for the candidate from Sunak's Conservatives. The next national election is expected in 2024. Curtice said the scale of the swing could indicate Labour winning an outright majority in parliament at the next national election, but noted that local elections were rarely a good guide. Labour have held the Chester seat since 2015, when it was the most marginal seat in the country.

As House Speaker Nancy Pelosi said herself, quoting scripture on the House floor Thursday: “For everything there is a season — a time for every purpose under heaven.”For Pelosi, the season to be leader of House Democrats has passed. She’ll continue to represent San Francisco while serving as an invaluable source of guidance and resolve for the next generation of House Democratic leaders. At 82, Pelosi is a historic figure, of course: the first female House speaker and one of the strongest speakers, if not the strongest, that America has ever seen. Yet as a minority in a GOP-run House, Democrats won’t be able to rack up accomplishments like they did in the last two years. There were calls for Pelosi to step aside in 2010 when Democrats lost 60 House seats — a true wipeout.

☆ United States at risk of tight electric supplies this winter -NERC
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

Those reliability concerns stem from higher peak demand projections, generator retirements, generator vulnerability to extreme weather and fuel supply and natural gas infrastructure limitations, the North American Electric Reliability Corp (NERC) said on a webcast of its 2022-2023 Winter Reliability Assessment. NERC said that the lack of interconnections with other regions limited Texas' ability to import power from other regions if problems arise. "Energy emergencies are likely in extreme conditions," NERC said about MISO, noting wind generator performance would be a key factory this winter. In New England, NERC warned that the amount of oil stored at power generators was just about 40% of capacity. "We encourage generators to fill up those tanks," Mark Olson, manager for reliability assessments at NERC, said on the webcast.

☆ Nike's diversity chief is leaving after 6 months in the role, marking the third departure from the position in 2 years
▼ + stars: | 2022-11-11 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

Sam, hired in 2018, was promoted to chief diversity, equity and inclusion officer in June. He succeeded Felicia Mayo, who served as chief talent, diversity and culture officer for two years. Nike named Sam chief diversity, equity and inclusion officer this summer. He succeeded Felicia Mayo, who left the company in June after two years as chief talent, diversity and culture officer. Mayo succeeded Kellie Leonard, who stepped down as chief diversity and inclusion officer in 2020.

☆ Why these five states don’t sell lottery tickets
▼ + stars: | 2022-11-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Since 1964, when New Hampshire became the first to offer a state lottery, 44 states have started their own or joined multi-state jackpots. More than 200,000 retail stores and other outlets in the United States sell lottery tickets. That’s because when one state adds a lottery, people often flood across state lines to buy tickets. Recently, states that have adopted lotteries have emphasized that sales from tickets will go to social programs. The people likeliest to buy tickets are often the same ones who most rely on these government programs, he said.

☆ Republican Sen. Mike Lee faces off against independent Evan McMullin in the Utah Senate race
▼ + stars: | 2022-11-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Utah GOP Sen. Mike Lee is running for a 3rd term against independent candidate Evan McMullin. In the Senate, Lee serves on the Judiciary Committee, the Energy and Natural Resources Committee, the Commerce, Science and Transportation Committee, the Joint Economic Committee, and the Special Committee on Aging. Utah independent Senate candidate Evan McMullin. Republicans have won every presidential race in the state since 1968, often with landslide margins, and the last Democrat to win a Senate race in the state was Frank Moss in 1970. In the 2020 presidential election, Trump defeated now-President Joe Biden in Utah by 20 points (58%-38%), a significant drop from Romney's sweeping victory (73%-25%) over Obama in 2012.

☆ Former MoviePass executives face fraud charges
▼ + stars: | 2022-11-06 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

The men each face one count of securities fraud and three counts of wire fraud with a maximum of 20 years in prison. Farnsworth had a first appearance in DC District Court Friday after he voluntarily turned himself in. But MoviePass’ business model was at best unsustainable — and at worst nonexistent. Spikes helped found MoviePass before being pushed out in 2018 after selling the company to HMNY. Details remain scarce, but the company says the new MoviePass will have three pricing tiers that will cost $10, $20 or $30, depending on the market.

☆ Ex-MoviePass Executives Are Charged in Securities Fraud Case
▼ + stars: | 2022-11-05 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

MoviePass, a Netflix-like subscription service for movie theaters, made a splash in 2017 when it made its debut. Former executives at MoviePass and its prior parent company were charged in a securities fraud case, accused of defrauding investors, the Justice Department said Friday. Former MoviePass CEO J. Mitchell Lowe and Theodore Farnsworth , who led Helios & Matheson Analytics Inc., the movie-subscription company’s parent at the time, are accused of engaging in a fraudulent scheme to inflate the company’s stock and attract new shareholders, the Justice Department said.

☆ Why is the Powerball prize at a record? Thank Fed Chairman Jerome Powell
▼ + stars: | 2022-11-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The current annuity prize is beating the record set in January 2016 when three winners split a prize advertised at $1.586 billion. Each took their share of the cash value, which added up to $983.5 million, $200 million more than cash prize in Saturday’s “record” drawing. That advertised then-record annuity prize was 61% greater than the cash prize. This time, the estimated annuity prize is 104% greater than the cash prize. If it was the same ratio as in 2016, Saturday’s annuity prize would be only $1.26 billion.

☆ Federal prosecutors charge ex-CEOs of MoviePass, parent company in alleged fraud scheme
▼ + stars: | 2022-11-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Former executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was unsealed Friday. MoviePass skyrocketed to popularity in 2017 because of its seemingly too-good-to-be-true unlimited movie pass that initially offered customers one movie voucher per day for $30 to $40 a month. However, many MoviePass subscribers began to use the service too frequently and the company started to lose money quickly. According to the DOJ document, the pair also allegedly knew that the price of MoviePass' unlimited plan would not be enough to offset losses. Instead, the pair had directed employees to implement tactics to prevent subscribers from using their unlimited service, according to prosecutors.

☆ The Fed's interest rate hikes helped make this weekend's $1.6 billion Powerball prize the largest lottery jackpot in US history
▼ + stars: | 2022-11-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

This weekend's $1.6 billion Powerball prize is the largest lottery jackpot in US history. The Federal Reserve's interest rate hikes are a key reason the headline prize is so high. In comparison, the lump sum prize for Saturday's lottery would only be approximately 49% of the $1.6 billion. So in some ways, the Fed is one reason Saturday's headline Powerball jackpot is the highest ever. This week, it surpassed the $1.54 billion Mega Millions jackpot in 2018 and the $1.59 billion Powerball jackpot in 2016.

☆ $1 billion lottery jackpots are more common than ever—and it’s actually making them harder to win
▼ + stars: | 2022-11-02 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

It's the fifth time a U.S. lottery prize has reached 10 digits since 2016, when the first billion-dollar prize jackpot was announced. Make that lottery harder to win and you can almost guarantee higher jackpots on a regular basis, incentivizing even more people to buy lottery tickets. Powerball's organizers have gradually made their lottery harder to win for decades, says Victor Matheson, an economics professor at the College of the Holy Cross who studies lotteries. Before then, your odds of winning a Powerball lottery were around 1 in 175 million, Matheson says. "They've been running Powerball or its predecessor for [34 years], and they've gradually been making it harder and harder to win," Matheson tells CNBC Make It.

☆ Medieval Times sues performers' union over trademark infringement
▼ + stars: | 2022-10-14 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

The restaurant-and-show chain is suing its employees' New Jersey union for allegedly infringing on its trademark by using the Medieval Times name. The union also represents Medieval Times workers at a location in California. Medieval Times, which is privately owned, is seeking an injunction on the infringement and payment from the unionized castle workers for damages, attorney's fees and unjust profits made under the Medieval Times name. Medieval Times Performers United is a subset of a national performers union called the American Guild of Variety Artists. Medieval Times Performers United on Thursday called the complaint a "frivolous lawsuit" and "unlawful thuggery."

☆ Former MoviePass executives sued by the SEC, which alleges they made 'false or misleading statements' to the public
▼ + stars: | 2022-09-27 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

The SEC is suing former MoviePass executives Mitch Lowe and Ted Farnsworth. The suit claims they made "false and misleading statements" about the company being profitable. In a complaint filed late Monday, reviewed by Insider, it claims that the duo made "false or misleading statements" in financial filings and in the press. Itum is accused of submitting false invoices and receiving more than $310,000 from both MoviePass and HMNY. Last June, Farnsworth and Lowe settled with the FTC and reached a $400,000 settlement with the California district attorneys.

☆ Former MoviePass CEO Mitch Lowe looks back on the mistakes that led to the startup's collapse
▼ + stars: | 2022-09-06 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +19 min

Mitch Lowe, who has been a leader at Netflix, Redbox, and MoviePass, is releasing his book "Watch and Learn" on September 6. (L-R) MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth. I never tried to quiet people internally, if they said something wasn't going well I always embraced it. Like you wrote that you "didn't know jack shit" when you first started at Netflix. When I was offered to be CEO of MoviePass, I felt my whole career had led up to this moment.

According to financial advisors, your money will lose value over time due to inflation by doing this. Setting financial goals, saving for retirement, and learning more about basic investing can help. Lauren Anastasio, Director of Financial Advice and financial planner at Stash, says there's an opportunity cost to keeping cash. Evon Mendrin, a financial planner, says that too much cash can be a sign that a person doesn't have financial goals or priorities. "Once that bucket is filled, then think about your mid-term and longer-term financial goals.

Persons: —, I'm, Lauren Anastasio, there's, Anastasio, it's, Evon, Mendrin, Nate Hansen, Hansen, " Hansen, Tony Matheson, Roth, Matheson Organizations: Service, Personal Capital, Roth IRA, IRA

☆ Women sport stars' fight for body acceptance
▼ + stars: | 2020-06-10 | by ( Noura Abou Zeinab | ) edition.cnn.com time to read: +14 min

She also wants to start a wider conversation about the issues surrounding women and body acceptance. Okoro says that Van Commenee then asked her about her weight. Which is fine for say tennis, in the 80s, where all women look the same. “They are women first, athletes second,” Dr. Emily Matheson, a research fellow at the Centre for Appearance Research, told CNN Sport. Okoro has also drawn inspiration from women athletes in rugby and football.

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

Persons: John Travolta, He'd, " Gotti, John Gotti, Travolta, Ted Farnsworth, Mitch Lowe, who'd, he'd, Farnsworth, Lowe, Gotti, Dave Kotinsky, Samantha Lee, Stacy Spikes, Spikes, Spikes wasn't, MoviePass, —, Ava DuVernay, Malcolm D, Lee, Hulu, Hamet Watt, Chance Yeh, He's balding, He's, Ted I, La Toya Jackson, couldn't, Matheson, Watt, Helios, Mitch, Ted, MoviePass swag, Dennis Rodman, Jerry Media, hite, Boi, ann u, abi l, tim e, red tha, ord, ul, hal, ove, flo, ann o, bec, lon, Jen, liv, dre Organizations: HBO, Manhattan's SVA, Helios, Matheson Analytics, Netflix, Matheson, MoviePass, SEC, Sony, Miramax, Loews Cineplex, Spotify, Pandora, AOL, True Ventures, Business, Ventures, AMC, Federal Communications Commission, Matheson's, Reuters, Hulu, Coachella Valley Music, Arts Festival, Jerry, acc, pla Locations: Manhattan's, MoviePass, Houston , Texas, San Francisco, America, New York, Florida, India, New, Palm Springs , California, Coachella, fes, ord, pla, Mo

Search resuls for: "Matheson"

20 mentions found