Shaquille O’Neal will pay $1.8 million to settle claims that he deceived investors by promoting a now-bankrupt crypto exchange FTX, CBNC reports. The case had been pending since November 2022. The FTX Class Action Lawsuit The class action lawsuit also includes notable celebrities such as Tom Brady, Gisele Bündchen, Steph Curry, Naomi Osaka, Larry David, and FTX founder Sam Bankman-Fried. However, O’Neal was the only celebrity defendant to remain associated with the company after he was served legal papers. After avoiding rocess servers for months, O’Neal was served with two complaints during
McDonald’s has settled a $10 billion lawsuit by Byron Allen, who accused the company of racial bias by excluding Black-owned media from much of its advertising budget, Reuters reports. The settlement between McDonald’s and two of Allen’s companies, Entertainment Studios Networks and the Weather Group, was announced on June 13, 2025. Financial details have not been disclosed and McDonald’s denies any wrongdoing. Byron Allen’s lawsuit against McDonald’s Allen’s lawsuit claims that McDonald’s created a separate “African American tier” with significantly lower advertising budgets for Black-owned media. He argues that this
Elon Musk’s Starlink has gradually expanded its presence in Africa, with the Democratic Republic of the Congo (DRC) being the latest African country to grant the company permission to operate. The Gambia, a country with an underdeveloped broadband infrastructure, would be an ideal region for Starlink to run in. So, when the US government arrived in The Gambia, it framed Starlink’s entry as part of the broader Digital Transformation for Africa (DTA) initiative, a White House-led effort to improve internet access across Africa. However, critics, including Lamin Jabbi of Gambia’s
Tubi is collaborating with Kickstarter to offer distribution opportunities to producers who utilize the crowdfunding platform to support independent filmmaking. From the beginning of fall, more than 20 movies that “uniquely resonate with Tubi fandoms” will begin exclusively streaming on the platform. Tubi also plans to invest in Kickstarter’s FilmStream Collective Fund, which focuses on providing financial support to early-career filmmakers to help them complete their projects. Both Tubi and Kickstarter will also pledge to 10 specific Kickstarter campaigns to help them meet their funding goals. These 10 films will
Khaby Lame has left the US after being briefly detained by immigration agents for allegedly overstaying his visa, according to The Guardian. The TikTok star, whose legal name is Seringe Khabane Lame, was detained on Friday, 6 June, at an airport in Las Vegas. A spokesperson for the US Immigration and Customs Enforcement (ICE) told the Guardian in a statement that he was released on the same day and has since left the country. Lame had arrived in the US on 30 April and had allegedly overstayed the terms of
Steph Curry’s Thirty Ink generated $173.5 million in revenue in 2024, according to CBNC. Thirty Ink is a brand conglomerate that houses all of Curry’s business entities, including Unanimous Media, Gentleman’s Cut bourbon, and Underrated Golf and Basketball. A high percentage of that revenue came from its partnership with Under Armour, where the basketball player launched the Curry Brand, a basketball and golf footwear and apparel brand company. He is also the president of that brand. In 2023, Curry was given $8.8 million Under Armour common shares, valued at $75 million
Starlink has received the green light to begin operating in the Democratic Republic of Congo (DRC) following a previous ban. Reuters reported that the Democratic Republic of Congo said that it had become the latest African country to grant a license to Starlink. In March 2024, the Congolese government announced that Starlink was banned from operating in the country, following concerns from military officials that it could be used by rebel groups, such as the Rwandan-backed M23, which had taken over more territory than ever in the east of the country
Byron Allen is selling local television stations owned by his Allen Media Group (AMG), and Moelis & Co. is managing the deal. Allen Media Group announced the news on May 2, according to The Los Angeles Times. The company needs to pay down debt, Allen said in a statement. Over the past six years, the company has invested over $1 billion in acquiring stations with the hopes of becoming the largest independent television operator in the United States. Its portfolio includes 28 stations affiliated with ABC, NBC, CBS, and Fox,
The Independent Communications Authority of South Africa (ICASA) has begun seizing Starlink equipment from local resellers as part of a crackdown aimed at reducing the illegal use of Starlink in the country. “Icasa has taken note, with serious concern, of recent reports alleging that Starlink may be offering its services within the Republic of South Africa without the requisite authorization,” the sector regulator said. Cracking down on the illegal use of Starlink The internet satellite company does not have a license to operate in South Africa as it refuses to
Rhode was recently acquired by e.l.f. fr $800 million, with the potential for an additional $200 million payout based on the brand’s future growth over the next three years, as reported by Forbes. Perhaps less well known, but essential to Rhode’s success, is longtime cosmetic chemist and BeautyStat founder Ron Robinson. Ron Robinson’s career With 30 years in the beauty industry, Robinson played a part in leading Rhode to success. Beauty Matter reported that his career began at Adelphi University, where he studied biology and chemistry, with the intention of
