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Factbox: Subway to sell itself to Roark Capital
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsAug 24 (Reuters) - Roark Capital snapped up Subway in a $9.55 billion deal, sources said on Thursday, after it outbid several private-equity groups. The pair then started franchising Subway restaurants, with the first outlet outside of Connecticut being opened in Massachusetts a year later. For 2022, Subway posted a 9.2% year-over-year increase in same-store sales, thanks to its "Subway Series" menu - a lineup of 12 new signature sandwiches. In March, Goldman Sachs' (GS.N) asset management arm, PE firms Bain Capital, TPG, TDR Capital, Advent International and Roark Capital emerged among the list of suitors for the sandwich chain. Reuters reported earlier this week, citing sources that Roark Capital was in the lead to acquire the chain for well over $9 billion after attaching conditions to some of the windfall the two families that own it would get.
Persons: Thomas White, Roark Capital, Fred DeLuca, Peter Buck, DeLuca, Buck, Arby's, Quiznos, Burger, Jared Fogle, Chidsey, John Chidsey, Morgan, Goldman Sachs, Roark, Deborah Sophia, Granth Vanaik, Varun, Anil D'Silva Organizations: REUTERS, Subway, KFC, Bain Capital, TPG, TDR, Advent International, Roark Capital, Reuters, Thomson Locations: Bridgeport , Connecticut, Connecticut, Massachusetts, Bahrain, Subway, United States, Burger, U.S, North America, Bengaluru
AI’s Thorniest Issues Will Be Addressed in CourtCongress is discussing ways to regulate artificial intelligence. But while they debate the best approaches, courts may be the ones to decide some of the most important questions around AI development. WSJ reporter Ryan Tracy joins host Zoe Thomas with a breakdown of multiple lawsuits involving AI and how they could shape the landscape of this burgeoning industry. Illustration: Amogh Alva Vaz
Persons: Will, Ryan Tracy, Zoe Thomas, Amogh Alva Vaz
AI’s Thorniest Issues Will Be Addressed in CourtCongress is discussing ways to regulate artificial intelligence. But while they debate the best approaches, courts may be the ones to decide some of the most important questions around AI development. WSJ reporter Ryan Tracy joins host Zoe Thomas with a breakdown of multiple lawsuits involving AI and how they could shape the landscape of this burgeoning industry. Illustration: Amogh Alva Vaz
Persons: Will, Ryan Tracy, Zoe Thomas, Amogh Alva Vaz
AI’s Thorniest Issues Will Be Addressed in CourtCongress is discussing ways to regulate artificial intelligence. But while they debate the best approaches, courts may be the ones to decide some of the most important questions around AI development. WSJ reporter Ryan Tracy joins host Zoe Thomas with a breakdown of multiple lawsuits involving AI and how they could shape the landscape of this burgeoning industry. Illustration: Amogh Alva Vaz
Persons: Will, Ryan Tracy, Zoe Thomas, Amogh Alva Vaz
Subway nears $9.6 bln sale to Arby's owner Roark - WSJ
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
The Subway restaurant logo is seen on a napkin in this illustration photo August 30, 2017. REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsAug 21 (Reuters) - Roark Capital, which owns restaurants Arby's and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported on Monday. Another group led by Roark Capital was in the running, the sources had added. It has invested in Inspire Brands, which is the owner of Arby's, Baskin-Robbins, Buffalo Wild Wings and Dunkin' among others. Roark Capital did not immediately respond to a Reuters request for comment.
Persons: Thomas White, Roark Capital, Roark, Dunkin, Fred DeLuca, Peter Buck, Ananya Mariam Rajesh, Deborah Sophia, Shinjini Organizations: REUTERS, Buffalo Wild Wings, Wall Street, Reuters, TDR Capital, Sycamore Partners, Subway, Roark Capital, Inspire Brands, Baskin, Robbins, Thomson Locations: Sycamore, Bridgeport , Connecticut, North America, Bengaluru
Lenovo Q1 revenue misses forecasts, hit by poor PC demand
  + stars: | 2023-08-17 | by ( Josh Ye | ) www.reuters.com   time to read: +3 min
The world's largest PC maker has now suffered four consecutive quarters of sales declines. Revenue in the April-June quarter fell to $12.9 billion, below a $13.84 billion average of seven analyst estimates compiled by Refinitiv. Lenovo shares in Hong Kong fell as much as 6% after the result but recouped some losses to trade down 2.9%, while the benchmark index (.HSI) gained 0.9%. However, revenue started contracting last year as demand began to fall, weighed down by rising interest rates and soaring inflation. "The group’s PC business is stabilizing and well-positioned for a year-on-year recovery in the later part of 2023," Lenovo said in a statement.
Persons: Thomas White, HSI, Yang Yuanqing, he's, Yang, Josh Ye, Miyoung Kim, Lincoln, Sonali Paul Organizations: Lenovo, REUTERS, HK, Revenue, Refinitiv, Global, Thomson Locations: HONG KONG, Hong Kong, China
MSCI to acquire remaining stake in Burgiss for $697 mln in cash
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Thomas White/Illustration/File PhotoAug 14 (Reuters) - Index provider MSCI (MSCI.N) said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in cash. The deal will boost MSCI's footprint in the private asset data analytics segment, as Burgiss's dataset covers over 13,000 private asset funds around the world, representing $15 trillion in cumulative investments in 195 countries. Global M&A volumes for the first half of 2023 fell 39%, to $1.38 trillion, according to data from Dealogic. MSCI said it anticipates funding the Burgiss purchase consideration from existing liquidity sources, adding that the transaction is expected to close in the fourth quarter of 2023. Since then, MSCI will have invested a total of $913 million to acquire all of Burgiss, according to the statement.
Persons: Thomas White, MSCI, Jaiveer Singh, Pooja Desai Organizations: Burgiss, Wall, Federal Reserve, Thomson Locations: New Jersey, U.S, China, Bengaluru
[1/2] FILE PHOTO: The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. "We believe (Chriss's) experience sounds highly relevant to PayPal as it reemphasizes focus on small merchants and launches PayPal Complete Payments," William Blair analysts wrote in a note. PayPal Complete Payments is a payments processing solution for small and medium-sized businesses. According to Wolfe Research, his biggest accomplishment was the company's $12-billion acquisition and integration of Mailchimp in 2021. Outgoing CEO Schulman will remain on the board of the company until its next annual meeting of stockholders in May, PayPal said.
Persons: Thomas White, Alex Chriss, Dan Schulman, William Blair, Wolfe, Darrin Peller, Chriss, Schulman, Niket, Pooja Desai Organizations: PayPal, REUTERS, PayPal Holdings, Intuit, eBay, Intuit's, Wolfe Research, Reuters, Thomson Locations: San Jose , California, Bengaluru
The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/File PhotoAug 14 (Reuters) - Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal (PYPL.O), according to a filing with the U.S. Securities and Exchange Commission. Reporting by Manya Saini in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas White, Manya Saini, Shilpi Majumdar Organizations: PayPal, REUTERS, Investment Management, U.S . Securities, Exchange Commission, Thomson Locations: Bengaluru
A group of House Democrats has asked the DOJ to investigate Supreme Court Justice Clarence Thomas. The letter stated that Thomas should be investigated because of the dozens of gifts he failed to disclose. On Thursday, after ProPublica published its latest report, a chorus of Democrats called on Thomas to resign, according to Politico. In April, Crow and Thomas first faced scrutiny related to the 20 years worth of undisclosed trips Crow is accused of gifting to Thomas, per ProPublica. The outlet later reported that Crow purchased Thomas' mother's house and allowed her to live there without paying rent.
Persons: Clarence Thomas, Thomas, Alexandria Ocasio, Cortez, Garland, Harlan Crow, ProPublica, Crow, unearthing, SCOTUS, Jamie Raskin, Hank Johnson, Ted Lieu, Jerry Nadler, Thomas's, gifting, Thomas —, , Michaela Rose, John Roberts Organizations: House Democrats, DOJ, Service, Supreme, of Justice, GOP, Democrats, Politico, Reps, Dallas Morning News, ProPublica, SCOTUS Locations: Wall, Silicon, Alexandria, Rochelle
These costly trips and travel perks often went unreported on the justice’s financial disclosure forms, ProPublica said in its investigation. Lynne Sladky/APProPublica interviewed more than 100 people, including staff that would have worked some of the trips that Thomas took. Thomas did not respond to ProPublica’s detailed list of questions for its report, nor did Novelly. None of the Thomas benefactors highlighted in the new report appear to have had direct business in front of the Supreme Court, ProPublica said. Thomas intends to amend his financial disclosure forms, a source close to the justice previously told CNN, to at least reflect Crow’s 2014 purchase of Thomas’ mother’s home.
Persons: Clarence Thomas, Thomas, ProPublica, Harlan Crow, Thomas ’, Crow, , ” Thomas, David Sokol, Berkshire Hathaway, Wayne Huizenga, Paul “ Tony ” Novelly, Lynne Sladky, Huizenga, Daniel Acker, Getty Images Sokol, ” Sokol, Republican megadonors, he’s, Paul Anthony, Tony, Novelly, Horatio, Jeremy Fogel, , Fogel, Horatio Alger, John Roberts, Roberts, Samuel Alito, Thomas ’ mother’s, Anthony Welters, Obama Organizations: CNN, GOP, Blockbuster, Waste Management Inc, NFL, Miami Dolphins, New York Jets, US Marshals Service, Berkshire Hathaway Inc, Bloomberg, Getty Images, Republican, Horatio Alger, Distinguished, Horatio, Horatio Alger Association, New York Times, The New York Times, Democratic, Times Locations: Florida, Berkshire, Miami, Omaha , Nebraska
Clarence Thomas took at least 38 other previously undisclosed luxury trips, ProPublica reported. The outlet estimates that Thomas has accepted millions in trips he didn't report since joining the court. According to its latest story, Thomas accepted a Bahamas trip, a stay at a luxury Jamaica resort, and premium seats to games. According to ProPublica's report, Thomas has accepted at least 38 other premium vacations that he did not previously disclose. The sheer level of what Thomas has accepted is staggering, a former federal judge responsible for financial disclosures told the outlet.
Persons: Clarence Thomas, ProPublica, Thomas, Jeremy Fogel, Paul, Tony, Novelly, Wayne Huizenga, David Sokol, Huizenga, Gary, Sokol, Virginia, Justice Thomas, he's, Samuel Alito Organizations: Service, Supreme, Miami Dolphins, Florida Panthers, Berkshire, Nebraska Cornhuskers, Big, Congressional, Republicans Locations: Bahamas, Jamaica, Wall, Silicon, Nebraska
But further scrutiny revealed distinctive features: legs slightly longer than those of most domestic cats, and a striking black-tipped tail. I explored this question in my book "The Cat's Meow: How Cats Evolved from the Savanna to Your Sofa." But tomb paintings and sculptures show that by 3,500 years ago, domestic cats lived in Egypt. Or you can measure the length of its intestines – longer in domestic cats to digest vegetable-based food provided by or scavenged from humans. The common view that domestic cats are aloof loners couldn't be further from the truth.
Persons: Jonathan Losos, I've, felines, , Sophie Kleeman, loners couldn't, Thomas Winz, who's, William H, Danforth, St . Louis Organizations: North African Wildcat, Service, wildcats, African wildcats, pumas –, Vikings, Arts & Sciences, Washington University Locations: Wall, Silicon, Africa, New Jersey, South Africa, Egypt, Turkey, Syria, Iran, Europe, North America, Asia, St .
A new ProPublica report found Clarence Thomas has accepted more undisclosed gifts from billionaires. On Thursday, ProPublica released an investigation that revealed new information on the gifts billionaires have given Thomas over the years. Months later, the Supreme Court in June indeed struck down the student-debt relief, with Thomas voting in the majority. Last month, Democrats on the Senate Judiciary Committee passed a bill that would create a code of ethics for Supreme Court justices, but it's unlikely the bill will pass under a Republican-controlled House. Can Congress do various things to regulate the Supreme Court?
Persons: Clarence Thomas, David Sokol, Thomas, Justice Alito, ProPublica, Sokol, Joe Biden's, Biden's, Harlan Crow, Sam Alito, Paul Singer, Alito, Elena Kagan, We're Organizations: Service, Nebraska, Berkshire, Supreme, Republican, Street, Liberal Locations: Wall, Silicon, Wyoming, Berkshire Hathaway, Nebraska, Jackson Hole , Wyoming
Trump's lawyers wanted Supreme Court Justice Clarence Thomas to help them stop Biden's 2020 election. One Trump lawyer wrote that "our only chance to get a favorable judicial opinion" that "might hold up the Georgia count in Congress, is from Thomas." one Trump lawyer, Kenneth Chesebro, wrote in a December 31, 2020 email to other attorneys working on Trump's behalf to nullify Biden's victory. Thomas is the circuit justice for Georgia, Alabama, and Florida, meaning he oversees emergency requests coming from those states. He was referring to the conservative lawyer John Eastman, who was one of the recipients of the email.
Persons: Clarence Thomas, Trump, Thomas, Donald Trump's, , Joe Biden's, Biden, Kenneth Chesebro, Chesebro, Jan, Thomas —, Eastman, John Eastman, I've, Jack Smith's, Eastman haven't Organizations: Service, Capitol, New York Times, Trump, Georgia Legislature Locations: Georgia, Wall, Silicon, Trump's, Georgia , Alabama, Florida
Brisbane, Australia CNN —A meal of suspected death cap mushrooms served at a family lunch in late July is at the center of a homicide investigation in Australia following the deaths of three guests less than a week later. Victoria Health issued a warning about death cap mushrooms (Amanita phalloides) in April, describing them as “extremely poisonous” and listing symptoms of consumption including violent stomach pains, nausea, vomiting and diarrhea. Native to Europe, death cap mushrooms were first confirmed in Australia in the 1960s, and they almost always grow near introduced trees, namely oaks, according to Royal Botanic Gardens Victoria. Toxins in death cap mushrooms cannot be destroyed by boiling, cooking, freezing, or drying and eating only a small portion can lead to death. “Obviously a lot of the items that we have seized will be forensically tested in the hope that can shed some light on what has occurred at the lunch,” Thomas said.
Persons: Erin Patterson, Gail Patterson, Heather Wilkinson, Gail’s, Don, Ian, “ I’m, Ian Wilkinson, Heather, Dean Thomas, Patterson, Simon, , ” Thomas, Patterson’s, Thomas, It’s, Dean Thomas of, haven’t, Organizations: Australia CNN, Victoria Police, Salvation Army Australia Museum, Facebook, Victoria Health, Royal Botanic Gardens, Victoria Police Police Locations: Brisbane, Australia, Leongatha, Victoria, Korumburra, Europe, Royal Botanic Gardens Victoria, paddocks
UBS is moving to the sidelines on shipping giant UPS while the company tries to improve margins. The firm downgraded the shipping giant to neutral from buy on Wednesday and lowered its price target to $185 from $198. UPS said the cost of a new labor contract with employees would weigh on shipping volumes. The analyst lowered his 2023 and 2024 earnings per share forecasts by 12% to reflect the margin pressure. UPS YTD mountain UPS stock has added 3.8% so far in 2023.
Persons: Thomas Wadewitz, Wadewitz, — CNBC's Michael Bloom Organizations: UBS, UPS Locations: 2Q24
Opinion | My Hope for American Discourse
  + stars: | 2023-08-06 | by ( Tish Harrison Warren | ) www.nytimes.com   time to read: +3 min
Dealing with them is a privilege and a joy, but habitually dealing with the outside of them is inherently dangerous. The “outsides” of holy things, to me, describes the difference between speaking about divine or sacred things and encountering the divine or the sacred directly. To be sure, we need more and better religious discourse in America. In my very first newsletter for The Times, I wrote that “we need to start talking about God,” and I still believe that. Constant connectivity empties us out, as individuals and as a society, making us shallower thinkers and more impatient with others.
Persons: Thomas Wingfold, George MacDonald, I’ve, Nikolai Berdyaev Organizations: Scottish, The Times, Social Locations: America, Russian
Affirmative action supporters and counterprotesters shout at each other outside the U.S. Supreme Court building in Washington, D.C., June 29, 2023. Now that the Supreme Court has struck down race-conscious admissions, employers could face challenges in how they find diverse talent. A group of 13 Republican attorneys general suggested in the wake of the ruling that companies' diversity, equity and inclusion, or DEI, programs could be considered unlawful discrimination. In the wake of the ruling, many fear universities could become less reliable sources from which to recruit diverse talent. However, during the last year there has been a "step back" in terms of diversity hiring, said Reyhan Ayas, a senior economist at Revelio Labs, a workforce data and analytics firm.
Persons: Kent Nishimura, Jocelyn Samuels, Lorraine Hariton, Donald Harris, Stacy Hawkins, Kim Waller, Korn, Waller, Ahmad Thomas, Thomas, it's, We've, Alvin Tillery, Tillery, Carey Thompson, Adam Kovacevich, George Floyd, Russell, Reyhan Ayas, Northwestern's, Salesforce, Kovacevich, VI, Temple's Harris, " Harris Organizations: U.S, Supreme, Washington , D.C, Los Angeles Times, Apple, General Electric, Google, Starbucks, Harvard University, University of North, Democratic AGs, Employment, Commission, Catalyst, Temple University School of Law, University of California, University of Michigan, Urban Institute, Employers, Rutgers University . Companies, . Census, Temple University School of Law Business, Leadership Group, Corporate, Northwestern's Center, Diversity and Democracy, Gettysburg, of Progress, Economic, Revelio Labs, Silicon, Amazon, Microsoft, Civil Locations: Washington ,, University of North Carolina, U.S, Silicon Valley
He may soon face more charges in Georgia, where a state prosecutor is investigating his attempts to overturn the election there. TRUMP STILL THE REPUBLICAN FRONT-RUNNER Trump's legal woes have done little to damage his status as Republican front-runner. The indictment describes a phone call in which Pence told Trump there was no legal basis for the theory that Pence could block certification of the election. Although Pence repeatedly told Trump he lacked the authority to reject electoral votes from certain states, Trump kept repeating the claim. On Jan. 6, as he spoke to his supporters before they attacked the Capitol, Trump said: "If Mike Pence does the right thing, we win the election."
Persons: Donald Trump, Jack Smith, Trump, Judge Moxila Upadhyaya, Joe Biden, Smith, Tanya Chutkan, Upadhyaya, Chutkan, John Lauro, Thomas Windom, Biden, Todd Blanche, Judge Moxila, Jane Rosenberg, Donald J, Fani Willis, Ron DeSantis, Mike Pence, Pence, Sarah N, Lynch, Jacqueline Thomsen, Andrew Goudsward, Luc Cohen, Jason Lange, Tim Reid, John O'Connell, Jeff Mason, Patrick McFarland, Joseph Ax, Scott Malone, Daniel Wallis, Howard Goller Organizations: U.S, U.S . Capitol, Republican, Democratic, Biden, America, Republicans, Secret, REUTERS, TRUMP STILL, Reuters, Trump, White, Justice Department, U.S . House, Capitol, Thomson Locations: Washington, Bedminster , New Jersey, Ukraine, American, United States, America, New York, Georgia, Atlanta, Florida
[1/2] The Subway restaurant logo is seen on a napkin in this illustration photo August 30, 2017. Subway expects to fetch well over $9 billion in a deal, and it remains uncertain whether TDR and Sycamore can meet its price expectations, the sources said. Private equity firm Advent International, which had teamed up with Goldman Sachs Asset Management on a bid for Subway, has dropped out of the process, the sources said. Goldman Sachs (GS.N) may decide to team up with one of the other bidders, the sources added. Subway, Roark and TDR did not immediately respond to requests for comment.
Persons: Thomas White, Goldman Sachs, Roark, Jimmy John's, Jimmy John’s, TDR, Fred DeLuca, Peter Buck, Anirban Sen, Abigail Summerville, Nick Zieminski Organizations: REUTERS, TDR Capital, Sycamore Partners, Roark Capital, International, Goldman Sachs, Management, Subway, Bloomberg News, JPMorgan Chase &, Reuters, Thomson Locations: Sycamore, Champaign , Illinois, Milford , Connecticut, Bridgeport , Connecticut, The Milford , Connecticut, U.S, New York
There were hints of a similar strategy in the first hearing in the election subversion case. Key prosecutors make their public debutThursday marked the public debut of the Smith team that will handle the election subversion prosecution. Smith himself attended the hearing, as he did for Trump’s first appearance in the classified documents case in Florida earlier this year. Windom – who moved from the US attorney’s office in Maryland to play a central role in the federal election subversion investigation, spoke on behalf of the government Thursday. In the election subversion case, Trump’s attorneys have previewed arguments that the case should be moved elsewhere, given the city’s political bent.
Persons: Donald Trump, Trump, Jack Smith’s, Smith, John Lauro, they’ll, ” Lauro, Thomas Windom, Tanya Chutkan, Fani Willis, There’s, Jean Carroll, Windom –, Molly Gaston, Gaston, Steve Bannon, Rick Gates –, , Paul Manafort, Lauro, Todd Blanche, Blanche, Evan Corcoran, He’s, he’ll, didn’t, , he’s Organizations: CNN, Trump, Republican, Fulton, New, DC US, Justice Department, Trump . New Trump, Capitol, Metropolitan Locations: Washington, DC, Georgia, Fulton County, Manhattan, New York, Florida, Maryland, Manhattan’s, egging
The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.
Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, , ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, , MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA
Supreme Court Justice Samuel Alito spoke to The Wall Street Journal about congressional oversight. "No provision in the Constitution gives them the authority to regulate the Supreme Court," he said. "Congress did not create the Supreme Court," Alito said in an interview with The Wall Street Journal. No provision in the Constitution gives them the authority to regulate the Supreme Court — period." "Dear Justice Alito: You're on the Supreme Court in part because Congress expanded the Court to 9 Justices," Lieu tweeted.
Persons: Samuel Alito, Alito, Ted Lieu, Lieu, Sen, Sheldon Whitehouse, David B, Rivkin, Moore, SCOTUS, Harlan Crow, Clarence Thomas, Crow, gifting, Thomas, Thomas —, , ProPublica, Paul Singer Organizations: Wall Street, Service, Democratic, Twitter, GOP, Dallas Morning News, Democrats Locations: Wall, Silicon
Insider spoke with influencer marketing experts and creators about sponsored content on Threads. Within two days of Threads' launch on July 5 , certain brands and influencers started posting paid, sponsored content. She's since posted more sponsored content to Threads. Hulu worked with creator Adam Rose on a sponsored Threads post. Some creators, like travel creator Jessica Ufuoma, are turning down sponsored content requests from brands for this reason.
Persons: influencers, Adam Rose, Kristen Bousquet, I've, Bousquet, Hulu, Krishna Subramanian, Amber Venz, Alessandro Bogliari, Ayomi Samaraweera, Meta, Rose, Brittany Mehciz, Hulu's, Thomas Walters, Ajai Guyot, Guyot, it's, Elon Musk, Ryan Detert, Matt Navarra, who's, what's, Elon, Navarra, Meta's, Instagram, Sooraj Saxena, he's, Sydney Bradley, Taryn Hicks, Jessica Ufuoma, collabs Organizations: She's, Brands, Meta, Creators, Hulu, Dollar, Amazon, Twitter, Sydney Locations: Europe
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