Leakedsource founder arrested for selling 3 billion stolen credentials

Share to Twitter Share to Linkedin Iconic Sports Illustrated covers Courtesy Sports Illustrated Earlier this week, Sports Illustrated was acquired by Authentic Brands Group LLC for $110 million. If you’re not familiar with it, Authentic Brands Group owns brands but doesn’t make any products itself. Authentic Brands licenses its brands out to other companies that make and sell the products to retailers and consumers. It is the owner of many brands you probably know, including Nautica , Juicy , Prince (tennis), Hickey Freeman , Spyder and others. Authentic Brands is big; it says the retail sales volume of the brands it owns is over $9 billion. You may be asking yourself, what does Sports Illustrated have to do with men’s suits and women’s fashion? That’s what makes the deal so interesting. Consumers are changing, and what they want from brands and retailers is changing too. In the past, a brand stood for just its products and the … [Read more...] about Why The Acquisition Of Sports Illustrated Is Important

Over the past several decades, the venture capital industry has gone through significant emotional swings. What should business leaders should do when VCs tell them to cut costs before the next round of capital? Read on for advice from a CEO whose startup just raised $50 million in the midst of the current VC deep freeze . The Venture Capital Roller Coaster When the economy is growing and the initial public offering market starts to light up, VCs are possessed by a bad case of fear of missing out (FOMO). FOMO drives VCs to tell their portfolio companies to spend all the money they need to grow at over 100 percent a year as they sprint for the IPO market. Every few years, FOMO quickly turns to fear of losing everything (FOLE). That certainly happened in a big way when the dot-com bubble burst and during the financial crisis of 2008. It's easy to see it coming ahead of time -- it's usually preceded by a burst of IPOs and a soaring Nasdaq, which is what happened in 1999. … [Read more...] about 5 Steps to Survive Venture Capital’s Deep Freeze

It can seem hard to quantify a company's purpose --but not impossible. The 2022 Purpose Power Index is here, and it points to the 100 most purpose-driven companies at work in the U.S. today. The index is published by marketing and advertising agency StrawberryFrog and first-party data company Dynata and is the result of a survey of the U.S. general population that looked at more than 200 companies across 50 industries. The index measures a few different elements of each company: commitments to a purpose beyond profit, to improving lives, and to creating a better society and world, not just for shareholders. This is the third year that the Purpose Power Index has ranked companies according to these attributes. The top companies that made this year's Purpose Power 100 will likely sound familiar: The ecofriendly cleaning company Seventh Generation, owned by Unilever, once again took home the first spot , after taking home the top prize last year. The charitably oriented … [Read more...] about Meet the 20 Most Purpose-Driven Brands of 2022

Share to Twitter Share to Linkedin Topline The Federal Reserve isn’t doing its job fighting runaway inflation—and unless the central bank tightens monetary policy and raises interest rates “more aggressively,” the ongoing stock market sell-off could well turn into a full “economic collapse,” warned hedge-fund billionaire Bill Ackman on Tuesday. Key Facts The Federal Reserve has lost credibility as it has failed to stop raging inflation, said billionaire investor Bill Ackman, founder and CEO of hedge fund Pershing Square Capital Management, in a series of tweets on Tuesday. “Markets are imploding because investors are not confident that the Federal Reserve will stop inflation,” and with consumer prices surging 8.3% on a yearly basis in April, inflation is way “out of control,” Ackman said. The only way he sees inflation moderating is with more decisive action from the Federal Reserve, and if that doesn’t happen, the result will be a … [Read more...] about Billionaire Investor Bill Ackman Says The Fed Isn’t Doing Its Job Fighting ‘Runaway’ Inflation

File image of Kashmiri separatist leader Yasin Malik Kashmiri separatist leader Yasin Malik was on May 25 sentenced to life imprisonment by a special National Investigation Agency (NIA) court  in a case related to terror funding. The decision came amid tight security at the Patiala House District Court in the national capital. Apart from the life term, special NIA judge Parveen Singh also awarded Malik ten-year hail terms and rigorous imprisonment in other offences including conspiracy, according to a report in Boomlive.in. Life imprisonment means life till death, clarified the judge saying that all the jail terms will run concurrently, the report said. In addition to the life sentence, the court also ordered Malik  to pay a fine of Rs 10 lakh. Earlier in the day, the prosecution had sought a death penalty against Malik, who was convicted by the NIA court on May 19, according to reports. The conviction came after the separatist leader pleaded guilty to all charges. … [Read more...] about NIA court sentences Yasin Malik to life imprisonment in terror funding case