The European Union’s antitrust regulator on Tuesday fined Alphabet’s Google a record EUR2.42 billion ($2.71 billion) for favoring its own comparison-shopping service in search results and ordered the search giant to apply the same methods to rivals as its own when displaying their services. Read More
On Tuesday evening, former Alaska Governor Sarah Palin hired Hulk Hogan’s lawyers and sued the New York Times for defamation for falsely accusing her in a June 14 editorial of inciting Jared Lee Loughner to shoot Rep. Gabby Giffords (D-AZ). The Times’ editorial was published on the day that James Hodgkinson shot House Majority Whip Steve Scalise (R-LA) while he was practicing for the Congressional Baseball Game with his GOP teammates.
“Today, Sarah Palin took a stand against The New York Times Company by filing a lawsuit which seeks to hold The Times accountable for stating that Governor Palin is part of a ‘sickeningly familiar pattern’ of politically motivated violence and that she incited the horrific 2011 shooting of Representative Gabby Giffords, a tragedy where the gunman seriously wounded numerous people and killed 6, including a federal judge and a 9-year-old girl,” Palin’s lawyers—Ken Turkel, Shane Vogt, and S. Preston Ricardo—said in a statement. Read More
Speaking at Facebook’s first Communities Summit in Chicago last week, Mark Zuckerberg discussed a number of topics, including Facebook’s new mission statement which was changed from “connecting the world” to a new goal, to “give people the power to build community and bring the world closer together.” Following criticism that Facebook was complicit in the spread of “fake news,” Zuckerberg stated, “Our mission of connecting people, that was not supposed to be controversial. So now the question is, why is that a controversial thing, and how do you rebuild that?”
Jeff Bezos’ net worth rose $2.5 billion in two hours following Amazon’s revelation that it will acquire Whole Foods for $13.7 billion in cash, or $42 per share. The offer represents a 27% premium over Thursday’s closing price. Investors immediately welcomed the news, boosting Amazon’s stock more than 3% by 11 AM Eastern Time. Read More
It’s a great month to be George Clooney. Two weeks ago, he became a father to twins. On Wednesday, British liquor giant Diageo announced it would purchase Casamigos, the tequila company he cofounded, for up to $1 billion. Read More
Miami food distributor Embutidos Fanguito has recalled 984 pounds of pork products shipped to retail stores around the state for, among other reasons, being labeled incorrectly as cooked products. Read More
Travis Kalanick has resigned from his position as the chief executive of Uber. In addition to the death of his mother in a boating accident, there was also a demand from investors for Kalanick to resign. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement. No word on is going to replace Kalanick at the position. To read more about this story click here.