Meeting with Musk: Ahead of Elon Musk’s potential Twitter acquisition, Twitter’s Slack channels buzzed with layoff fears following a Q&A in which Musk said there must be “some rationalization of headcount.” At one point, Musk reportedly sidetracked into a discussion about aliens.
Shoe wars: Adidas sued Nike, arguing that its digital apps (Nike Run Club, Nike Training Club, and SNKRS) infringe on patented technology. The suit asks Nike to not only pay Adidas damages, but also stop using the tech.
Slow jam: Spotify will slow hiring by ~25% amid economic uncertainty. The company still intends to add to its headcount this year.
Bad blush: Makeup giant Revlon filed for bankruptcy protection, citing its debt load and supply chain challenges.
Tampon manufacturers have started running plants 24/7 in an effort to help stores meet adequate supply levels. Nationwide, ~7% of tampons are out of stock.
Vroom: Ferrari will unveil its first SUV model, dubbed the Purosangue (Italian for “thoroughbred”), in September. The luxury automaker will also release its first EV in 2025.
Before buying an agency, you should hear from the Trendster who owns six. Link Moser talks microdeals, client turnover, and an old-school outreach approach that hits. Read the Trends article for the full story.
Petco’s first Neighborhood Farm & Pet Supply store will open in Floresville, Texas, offering products for both household pets and farm animals. #ecommerce-retail
What happens to a wind turbine in a hurricane? Researchers turned to palm trees to develop a hurricane-resistant design. #clean-energy
Rumor has it: Apple’s new M2 chip is up to 20% faster than its M1 chip. The hot goss comes from leaked benchmarks from the forthcoming 13-inch MacBook Pro. #emerging-tech
Uh-oh: The Markup found that many hospital websites send medical info to Facebook when people schedule appointments, which experts say may be a HIPAA violation. #privacy
Uh, okay: Notorious fraudster Anna Sorokin is launching an NFT collection that will give owners access to her, including one-on-one phone calls. She said she wants to move away from her “scammer persona.” #fintech-crypto
Meta, Twitter, Microsoft, and Google signed an updated EU Code of Conduct in which they agreed to fight against disinformation, including deep fakes, or face fines. #big-tech