Snap Inc. has a message for its employees: if you leak company information, you could go to jail. The chief lawyer and general counsel of Snapchat's parent company, Michael O'Sullivan, warned employees in a memo obtained by Cheddar of the consequences for leaking. A Snap spokesperson declined to comment on the memo.
Amazon announces it will increase prices on monthly Prime memberships by 20%. Monthly subscribers who used to pay $10.99 a month will now pay $12.99 a month. No changes are expected for the annual Prime membership fees.
Facebook recently announced it will change the News Feed to favor posts from friends and family over posts from publishers. Lindsey Shepard, Director of Product Marketing for News Feed at Facebook, joins Cheddar to discuss these changes.
And the clock is ticking for Congress to extend funding and avoid a government shutdown. James Arkin, Congressional Reporter for RealClearPolitics, weighs in on what could happen, and who could be to blame.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
