Four years ago Tim Stokley used the equivalent of $13,271.96 to establish an internet company called OnlyFans. With the British businessman at the helm, the small startup company went on to surpass a valuation of $300 million. But because the website is largely viewed as an adult-film-based platform, it has often been at the center of controversy in
Twitter, Inc. announced on Monday (November 29) that CEO and founder Jack Dorsey will be stepping down from his position at the company, effective immediately. The company’s chief technology officer, Parag Agrawal, will take over for Dorsey. Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders.
The iconic STAPLES Center in Los Angeles is set to undergo a name change after Crypto.com bought the naming rights to the arena for a whopping $700,000,000. It is reportedly the richest naming rights deal in sports history. News of the sudden rebrand was announced on Tuesday and the name change will go into effect
Tesla is on track to lose $42 billion in market value after company stock fell as much as 4%. This comes after shares of Tesla have risen nearly 33% since rental car company Hertz announced an order of 100,000 Tesla vehicles by the end of 2022. The rise also boosted Musk’s net worth by $85 billion, making
Facebook announced the company has changed its name to “Meta” to capture the company’s ambition to move beyond social media and expand into the virtual world. The name change will result in its stock ticker changing from FB to MVRS beginning Dec 1. Zuckerberg revealed that the company is investing $10 billion in the development
Mark Zuckerberg famously changed Facebook’s name from The Facebook to just Facebook, but it appears an even bigger change-up is in store for the company. But this would almost certainly not change the name of the website itself, but rather be a new parent company name to better convey its growing portfolio. According The Verge,
According to reports, a company called World View has opened up reservations for five-day balloon excursions to the edge of space. World View is a stratospheric ballooning company, and they are promising to take participants up to 100,000 feet above the earth in order to see various wonders of the world. The company revealed their
The outages on Facebook, Instagram, and WhatsApp yesterday reportedly caused Facebook head Mark Zuckerberg to lose over $6 billion within a few hours. The outages reportedly came after a former employee Frances Haugen called out the company as a whistleblower. Now, Zuckerberg addressed users of the platforms via Twitter and said, “Facebook, Instagram, WhatsApp, and
Twitter took a stance on Donald Trump and how he used his massive platform to cause chaos as President of the United States. The social media platform went on to ban Trump following the January 6th insurrection at the U.S. Capitol that resulted in many deaths. Now, Trump has reportedly asked a judge to force the
Facebook CEO Mark Zuckerberg has fallen down the list of the world’s billionaires after losing billions amid outages on the social media website. This comes after former Facebook employee Frances Haugen coming forward as the whistleblower who filed complaints with federal law enforcement. According to Bloomberg, Facebook stock dropped 5% on Monday (October 4), which took Zuckerberg’s net
