Tag: Chief executive officer

BusinessSoftwareTelecom

HBO Max Implements Widespread Subscription Price Increases Following Market Trends

HBO Max has quietly increased subscription prices across all plan tiers, marking the second price adjustment in recent years. The streaming service’s parent company reportedly considered the platform “way underpriced” prior to these changes.

Streaming Service Implements Price Adjustments

HBO Max has reportedly increased subscription costs across all its plan tiers, according to industry reports. The price changes, which took effect October 21, represent the latest in a series of adjustments as streaming services continue to reevaluate their pricing strategies in a competitive market.

by Liam Dorsey
LegalSocialTechnology

Tech CEOs Zuckerberg, Mosseri, Spiegel Ordered to Testify in Landmark Social Media Addiction Trial

A Los Angeles judge has ordered three top tech executives to testify in a landmark trial addressing social media addiction claims. The January proceedings will examine whether platforms knowingly harmed young users through addictive features.

Judge Orders Compulsory Testimony in Social Media Safety Case

Meta CEO Mark Zuckerberg, Instagram chief Adam Mosseri and Snap CEO Evan Spiegel have been ordered to testify in an upcoming trial examining social media addiction and platform safety, according to reports from CNBC. The Los Angeles Superior Court ruling mandates the executives’ appearance in proceedings scheduled to begin in January, marking a significant development in the ongoing legal scrutiny of social media companies’ practices.

by Liam Dorsey
AcquisitionsBusinessRetail

Kering Sells Beauty Division to L’Oréal in $4.7 Billion Strategic Partnership

In a transformative move for the luxury beauty sector, L’Oréal has agreed to acquire Kering’s beauty business for approximately $4.7 billion. The deal includes the prestigious Creed fragrance brand and establishes a long-term partnership for developing beauty products for Kering’s luxury houses.

Landmark Beauty Industry Acquisition

L’Oréal has reportedly reached a $4.7 billion agreement to acquire Kering Beauté, marking the beauty giant’s largest acquisition to date according to industry reports. The transaction includes the coveted Creed fragrance brand and establishes what sources describe as a 50-year strategic partnership between the two French luxury conglomerates.

by Darren Holt