Adidas says Ye debacle could cost brand more than $1 billion in sales

February 10, 2023

CNN

Adidas’ split with Ye, formerly known as Kanye West, could cost the company $1.3 billion in sales this year. The sportswear brand severed its relationship with Ye following a series of antisemitic statements made by the rapper and entrepreneur.

Recent News

Google’s Antitrust Trial Teeters On

Google’s landmark antitrust case against the Justice Department has reached its final stage, sparking concern across Silicon Valley. Prosecutors argue that Google’s dominance in online search and search advertising markets is illegal, while Google maintains its superiority. The outcome, to be decided by US District Judge Amit Mehta, could have significant implications not only for Google but also for other tech giants like Apple, Amazon, and Meta.

Apple’s Vision Pro Headset Dominates Enterprise Market

Apple’s Vision Pro headset, a mixed-reality spatial computing device, has found its way into the arsenals of more than half of the Fortune 100 companies, with over 50% investing in at least one unit. This revelation came during Apple’s first quarter 2024 earnings call, where CEO Tim Cook highlighted the enthusiastic reception of their products within the corporate sector.