MyPillow C.E.O. Mike Lindell Sued by Dominion Over Election Fraud Claims

Dominion Voting Systems sued Mike Lindell, chief executive of MyPillow, on Monday, alleging that he defamed Dominion with baseless claims of election fraud involving its voting machines. The company is seeking more than $1.3 billion in damages. The complaint, filed in U.S. District Court for the District of Columbia, alleged that Mr. Lindell “exploited” false […]

Made your bed: Dominion sues MyPillow CEO Mike Lindell for $1.3bn

The suit is the latest in multibillion-dollar court actions taken by voting machine companies in the wake of the 2020 US election. MyPillow Inc. Chief Executive Officer Mike Lindell tried to boost sales by adopting Donald Trump’s false claims about a vast election conspiracy, according to a $1.3 billion lawsuit filed by a voting machine […]

Biden backs stimulus cheque income limits in CEO meeting

United States President Joe Biden told a group of business leaders gathered at the White House on Tuesday that he supports phasing out stimulus payments for individuals earning more than $75,000 and households earning more than $150,000. United States President Joe Biden said on Tuesday he agreed with a proposal by Democratic lawmakers that would […]

Amazon’s Jeff Bezos to step down as CEO later this year

Company says Bezos will be replaced as CEO in the fall when he will become Amazon’s executive chairman. Amazon.com Inc has announced that longtime CEO Jeff Bezos will step down from his post later this year, transitioning to executive chairman of the world’s largest online retailer. In a statement on Tuesday, the company said Bezos […]

Jeff Bezos to Step Down as Amazon C.E.O.

SEATTLE — Jeff Bezos, Amazon’s founder and chief executive, said on Tuesday that he will hand over the reins of the e-commerce giant this summer and transition into the role of executive chairman, in a changing of the guard for one of the internet’s foundational companies. Andy Jassy, the chief executive of Amazon’s cloud computing […]

Robinhood’s C.E.O. Is in the Hot Seat

SAN FRANCISCO — Vlad Tenev, the chief executive of the online brokerage Robinhood, has had practice doing damage control. Last March, he told customers that “we owe it to you to do better” after Robinhood’s app suffered lengthy outages, leaving many people unable to trade. In June, he wrote in a blog post that he […]

Elon Musk, GameStop and the C.E.O. as Internet Troll

Just weeks before Elon Musk became the richest person in the world thanks to the soaring value of Tesla shares, the eccentric billionaire reflected on the fickle nature of the public markets. “The stock market is a strange thing,” Mr. Musk said in an interview with Business Insider in December. “It’s like having a manic […]

Pillow talk: Brands cut ties with My Pillow CEO, a Trump loyalist

My Pillow CEO Mike Lindell has repeated baseless claims that the 2020 US election was fraudulent and that outgoing President Donald Trump won. Bed Bath & Beyond Inc. will stop selling products from bedding company My Pillow, citing poor sales for a brand that has been embroiled in controversy over its founder’s pro-Trump views. “We […]

Xi to former Starbucks CEO: Help repair US-China relations

United States-China relations have plunged to their lowest level in decades due to the tech and trade war. China’s President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair United States-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. […]

‘It could be never’: Parler CEO says social app may not return

Social media platform Parler, which has gone dark after being cut off by prominent service providers that accused the app of failing to police violent content, may never get back online, said its CEO John Matze. As a procession of business vendors severed ties with the two-year-old site following the storming of the United States […]

‘Dangerous’: Twitter CEO defends Trump ban, warns about precedent

Twitter removed US President Trump’s account last week citing risk of violence after storming of Capitol by his supporters. Twitter Inc Chief Executive Jack Dorsey says that banning United States President Donald Trump from its social media platform after last week’s violence at the US Capitol was the “right decision” but said it sets a […]

AstraZeneca COVID-19 vaccine has ‘winning formula’: CEO

PARIS: EU countries on Sunday embarked on a vaccination campaign hailed as the “key” to defeating Covid-19, as the growing spread of a new coronavirus variant intensified fears the pandemic could wreak further devastation.The jab is a glimmer of hope for a continent still battling the pandemic in earnest, with infection rates again on the […]