Meta is set to unveil its latest app Threads this week, which mimics Twitter.
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Snap Subpoenaed Over IPO Disclosures
Federal regulators have subpoenaed Snap as part of a probe into its 2017 initial public offering, the company confirmed in a statement to Cheddar.
Juul Pulls Products, Abandons Social Media Feeds Under Pressure Over Teen Vaping
E-cigarette maker Juul announced new concessions to limit rampant teen vaping on Tuesday ー including pulling certain products from stores and abandoning social media feeds ー in the face of increasing pressure from the FDA and anti-smoking groups.
Dirty Lemon Pulls CBD Drink From Shelves, But Says It's Not Slowing Down
Trendy beverage maker Dirty Lemon may have halted production of its CBD-infused drink due to legal concerns, but CEO Zak Normandin insisted the company isn't otherwise slowing down or playing it safe. Rather, it is working to expand the brand's physical presence and develop new products.
EHealth CEO: Some Health Industry Mergers May Mean More Choices, Better Access
In a big year for mergers and acquisitions in the healthcare industry, consumers are right to fear rising insurance premiums and prescription drug prices. But eHealth ($EHTH) CEO Scott Flanders told Cheddar on Tuesday that vertical integration, like Aetna's merger with CVS, might actually help combat rising costs by creating more choices for consumers.
Petco Appeals to 'Pet Parents' With All-Natural Pet Food Initiatives
Petco will phase out dog and cat food containing artificial ingredients and preservatives entirely by May 2019. Petco CEO Ron Coughlin told Cheddar Tuesday that the decision to move to a wholly natural-ingredient line was part of a corporate strategy to become a full-service "partner to pet parents." It also reflects broader consumer trends toward healthier, organic foods ー that now includes the diets of their pets.
IBM's Bob Lord: Red Hat Acquisition Makes IBM the Top Hybrid Cloud Provider
Hybrid cloud computing is now the name of the game at IBM, thanks to the company's recent acquisition of Red Hat. "We are going to be the company that is providing enterprise-ready hybrid cloud solutions and actually create the foundation of the infrastructure of the future," IBM's chief digital officer Bob Lord told Cheddar on Tuesday.
It's Official: Amazon Chooses Northern Virginia, NYC for Split HQ2
The backlash was swift after Amazon announced on Tuesday morning that it will split its second unbuilt headquarters and up to 50,000 full-time jobs between two locations: Long Island City, in Queens, N.Y., and the Crystal City neighborhood of Arlington, Va, just outside the nation's capital.
Banning Flavored Nicotine Might Entice Teens Even More
The Food and Drug Administration plans to restrict the sale of flavored e-cigarettes that might appeal to teens, according to a Washington Post report. But some worry a ban will only further entice young users. "Some people say it will just make it more attractive. That's one of the problems ー the more you restrict it, the more enticing it can be," USA Today health care policy reporter Jayne O'Donnell told Cheddar on Monday.
Bumble's New Gay Dating App 'Chappy' Wants to End Discrimination and 'Endless Torso Scrolls'
From the makers of the dating app, Bumble, the newest dating app exclusively for gay men is here. Chappy caters gay men and Adam Cohen-Aslatei, managing director of Chappy, said the app not only wants to help make meaningful relationships, but combat the discrimination seen in other dating apps.
