The CEO of WW, the weight loss company also known as WeightWatchers, apologized to a body positivity advocate for the company’s role in contributing to ‘toxic’ diet culture in the past. On Wednesday, WW CEO Sima Sistani posted an Instagram story video directly addressing influencer Katie Sturino, author of “Body Talk: How to Embrace Your […]Read More

Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 […]Read More

Hermès is being targeted in a new lawsuit accusing the luxury retailer of selling its coveted Birkin handbags only to customers who have spent exorbitant amounts of money at the store on other goods. The proposed federal class-action lawsuit, which was filed this week in San Francisco, alleges that Hermès is violating antitrust law by […]Read More

Disney’s ESPN is at a crossroads. For more than 40 years, the world’s largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN’s monthly carriage fee was $9.42 per subscriber, according to data from S&P […]Read More

In his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners. “Strategically, I don’t really see a benefit in bringing on yet another minority partner into ESPN,” Chapek said as part of the CNBC documentary “ESPN’s Fight for Dominance,” […]Read More