Verano Sees Expenses Climb Substantially In Q2
Verano Holdings (CSE: VRNO) has released its latest financial results as of this morning, reporting revenue of $223.7 million for the quarter ended June 30. While the firm managed to push its topline figure higher, in the process the company saw its costs climb even higher. Revenue for the quarter increased 10.6% from $202.2 million […]
FTC Looks Into Rulemaking To Rein In Big Tech’s Commercial Surveillance Practices
The Federal Trade Commission announced on Thursday its Advance Notice of Proposed Rulemaking (ANPRM) set to explore rules on how to crack down the “harmful commercial surveillance and lax data security.” In a 3-2 vote, the agency launched the notice that will seek “public comment on the harms stemming from commercial surveillance and whether new […]
‘The Big Short’ Michael Burry Sells Entire US Portfolio, Except Only One Stock in Q2
Does Michael Burry know something the rest of us don’t? After successfully waging against subprime mortgages leading up to the 2008 financial crash, the Scion Capital owner warned last week that “the silliness is back,” and that asset prices that became inflated during the Covid-19 area are slated for a hard crash. As such, Burry […]
Meta’s New AI Chatbot Said That Mark Zuckerberg’s Company ‘Exploits People For Money’
BlenderBot 3, Meta Platforms’ (NASDAQ: META) latest artificial intelligence-powered chatbot was recently released for a public demo, and it had some choice words about CEO Mark Zuckerberg. The chatbot, according to a Meta blog post, was trained using “a large amount of publicly available language data.” BlenderBot 3 is also supposed “to learn from conversations […]
Lisa LaFlamme was ‘Blindsided’ by CTV Contract Cancellation
Long-time anchor Lisa LaFlamme has taken to social media to speak out following Bell Media’s abrupt cancelation of her contract with CTV National News. According to a press release published by Bell Media, LaFlamme’s position as Chief News Anchor was terminated as the company looks to take the role in “a different direction” with respect […]
WeWork To WeHome? Adam Neumann’s New Residential Real Estate Venture Gets Fresh US$350 Million From Andreessen Horowitz
Despite whatever happened to former WeWork (NYSE: WE) CEO Adam Neumann’s plan to tokenize carbon credits through his tech firm Flowcarbon, he has come back–this time, to “solve” the shelter problem. Venture capital giant Andreessen Horowitz announced on Monday its move to invest in Neumann’s new residential real estate venture Flow. “The residential real estate […]
Donald Trump Claims His Passports Were Seized During Mar-a-Lago Raid
Former President Donald Trump is accusing the FBI of stealing his passports during their raid at his Mar-a-Lago residence last week. “Wow. In the raid by the FBI of Mar-a-Lago, they stole my three Passports (one expired), along with everything else. This is an assault on a political opponent at a level never before seen […]
China Unexpectedly Cuts Rates Amid Weakening Economy
China, which plays an important role in upholding the global economy, appears to be suffering from a demand slump. Latest data shows the country’s retail and factory activity unexpectedly slowed last month, prompting the central bank to abruptly cut its two key lending rates in an effort to revive the economy. The world’s second largest […]
Over 60,000 People Sign Petition To End Canada’s Telecom Oligopoly
Canadians are calling on the Canadian Radio-television and Telecommunications Commission (CRTC) to end the domination of Rogers Communications Inc. (TSX: RCI.B), BCE Inc (TSX: BCE) and Telus Corporation (TSX: T) over the country’s telecommunications industry. The campaign, in the form of a Change.org petition started by Nicole Goodmurphy-McCallum, has gathered over 60,300 signatures so far. […]
Lithium Americas: Production At Flagship Project Could Commence Before Year-End
In late July, Lithium Americas Corp. (TSX: LAC) reported 2Q 2022 results. The most important segment of the release was a refinement of the company’s mid-March disclosure that the flagship Cauchari-Olaroz lithium brine project in Argentina will start commissioning in the second half of this year. Indeed, in a slide in its investor presentation, Lithium Americas now expects “early-stage […]