Rihanna and Twitter boss Jack Dorsey have donated $15 million dollars toward mental health services. Riri’s pledge is a joint venture between her nonprofit, The Clara Lionel Foundation, and the social media mogul's #StartSmall initiative, and will help fund mental health services amid the ongoing social unrest and the coronavirus pandemic.
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Twitter CEO Jack Dorsey responded to criticism over adding fact-checking labels to the president’s tweets. According to Business Insider, Twitter tagged mail-in ballots tweets as something that needed to be checked. Dorsey said he’s “ultimately accountable” for Twitter’s actions and asked the public to “leave our employees out of this.” He said: "We'll continue to point out incorrect or disputed information about elections globally.
Twitter CEO Jack Dorsey is firing back at President Donald Trump, Gal Gadot has a new series coming to Apple TV+ and all is right in the world again! And get ready, 'The Simpsons' is back to its proper aspect ratio on Disney+.
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Organizers of a growing Facebook Inc advertising boycott said they saw "no commitment to action" after meeting with Facebook Chief Executive Mark Zuckerberg on Tuesday. This report produced by Jillian Kitchener.
Business Insider reports that Chelsea Clinton is forming her own venture capital firm. The firm will be called Metrodora Ventures. It was registered in April and has its own Twitter account. Clinton hasn't decided whether to commit to the firm full-time, Axios reports. On Twitter, Metrodora Ventures describes itself as "a values conscious venture capital firm focused on health and learning businesses.
Business Insider reports that Walmart is set to launch Walmart+ by the end of this month. The subscription will cost $98 a year. It will offer members free same-day delivery from Walmart stores. Members will also get delivery perks, discounts at Walmart gas stations, early access to promotions, and self-checkout tools. The retailer will also introduce a Walmart+ branded credit card and possibly video entertainment.
On Wednesday, Brooks Brothers filed for bankruptcy. It was in business for over 200 years. The coronavirus pandemic has hurt the retailer's business. Business Insider reports the company has been considering strategic options for about a year. "It has become increasingly out of step with a new generation of consumers who are looking for a more edgy approach to smart casual," Neil Saunders, managing director of GlobalData Retail, said in emailed comments.
Not only are new cases of the novel coronavirus COVID-19 climbing dramatically, so are the numbers of its victims being hospitalized. According to Business Insider, COVID-19 hospitalizations started going up toward the end of June, after two straight months of decline. The mayors of Houston and Austin, Texas, said over the weekend that hospitals will be overwhelmed within two weeks if the virus isn't gotten under control.
Ascena owns specialty retail brands Ann Taylor and Lane Bryant. The company plans to shut at least 1,200 stores as part of bankruptcy proceedings this week, according to a Bloomberg report. Under its Chapter 11 arrangement, Ascena would do away with around $700 million from its $1.1 billon debt load. Business Insider reports that Ascena's lenders will assume ownership of the company. The New Jersey-based company has been battling the consumer shift to online shopping for years.