Business
Staples Center Will Become Crypto.com Arena After $700 Million Naming Deal
Published
2 years agoon

The deal is believed to be one of the largest naming rights agreements in sports history.
Goodbye, Staples Center
As of Christmas Day, the Staples Center in downtown Los Angeles will officially be known as the Crypto.com Arena.
The iconic entertainment venue has been named the Staples Center since it opened in 1999. It’s home to sports teams like the Lakers, the Clippers, the Kings, and the Sparks, with many winning championship titles and producing legendary athletes there.
It’s also hosted high-profile concerts and events, including 19 Grammy Awards ceremonies and memorials for Michael Jackson, Nipsey Hussle, and Kobe Bryant — so it’s a place that holds importance for a lot of Angelinos.
Crypto.com is a cryptocurrency platform and exchange based in Singapore, and it’s reportedly paying $700 million for the 20-year deal, which is believed to be one of the biggest naming rights deals in sports history.
The agreement marks a great win for AEG, the owner and operator of the arena, as it’s nearly double the $375 million it originally cost the company to build the space.
AEG and https://t.co/mht717OBXs announce their historic naming rights partnership for one of the world’s most iconic sports and live entertainment venues formerly known as STAPLES Center. For full press release visit: https://t.co/jWHLBF7YUv pic.twitter.com/Q6OhDTIZu7
— STAPLES Center (@STAPLESCenter) November 17, 2021
Crypto.com To Take Over
The massive payment might not be too surprising since Crypto.com has been on quite a spending spree in the sports sector over the last few years, inking sponsorship deals with Formula One and the UFC, the Philadelphia 76ers, as well as others in the hockey and soccer space.
According to The Los Angeles Times, Crypto.com and AEG are still working out exactly how far the partnership will go beyond the name change, like by potentially integrating cryptocurrency payments into the arena and online purchases.
For now, the public will have to wait and see, but so far, the reactions to the news have been mixed on social media. Some argue that the change affirms that crypto is the future and makes sense given the fall of the office retail company that the area is currently named after.
If Staples Center renaming their arena to https://t.co/p1rFEB46zP doesn’t convince you crypto is the future…
— Brennan Schlagbaum, CPA (@Budgetdog_) November 17, 2021
I am not sure you will be convinced.
The opportunity is right in front of you.
The Staples Center will be renamed https://t.co/Du7HFiVi2K Arena!
— $Sh!b BPP (@ShibBPP) November 17, 2021
20 years !! If this doesn't tell you the future of crypto i don't know what does $SHIB !!
https://t.co/94DIMi8IPN via @TMZ
I have always wondered how an office supply store could afford to buy the naming rights for one of this country’s most popular sport venues. This naming partner makes more sense. https://t.co/Z5ZQO87CGG
— Teddy Clean Hands 🤲🏻 (@tedchastain) November 17, 2021
Others, however, feel the name is part of the venue’s legacy and have vowed to continue calling it by its original name regardless of the change.
The real value to a naming rights deal is getting it before the venue opens. Slapping a new name on an arena or stadium over 20 years after it opened is like buying a giant billboard. Fans will see it but they will only know the home of the Lakers and Kings as the Staples Center.
— Arash Markazi (@ArashMarkazi) November 17, 2021
Bless their hearts. We are always gonna call it Staples Center no matter what lil name you slap on the building.
— roxane gay (@rgay) November 17, 2021
Your momma named you Staples Center. I'm going to call you Staples Center.
— KC (@KarenCivil) November 17, 2021
See what others are saying: (The Los Angeles Times) (ESPN) (CNBC)
Business
Amazon to Pay Over $30 Million for Alexa and Ring Privacy Violations
Published
5 hours agoon
June 1, 2023By
Star Pralle
Privacy violation charges stack up against the tech giant as the FTC partners up with the DOJ.
Amazon Pays Up
Amazon agreed to a $30 million settlement for each of these complaints over complaints alleging that its Alexa and Ring products violated customer privacy.
The Federal Trade Commission and Justice Department accused Amazon of retaining children’s geolocation data as well as the recordings of their conversations with Alexa. Additionally, the FTC brought another complaint against Amazon’s Ring for violating their customers’ privacy and failing to complement basic security measures.
In addition to the accusations of retaining data, the FTC also charges Amazon with deceiving their customers, saying requests from parents to delete their children’s recordings and other data went ignored despite repeated assurances that parents can delete the data at any time.
Amazon says this data was retained to train their Alexa algorithms to better understand children. But their reasoning does not change law. Their actions are still in violation of the federal Children’s Online Privacy Protection Act, known as COPPA.
“Amazon’s history of misleading parents, keeping children’s recordings indefinitely, and flouting parents’ deletion requests violated COPPA and sacrificed privacy for profits,” said Samuel Levine, the director of the FTC’s Bureau of Consumer Protection in the press release regarding the complaint. “COPPA does not allow companies to keep children’s data forever for any reason, and certainly not to train their algorithms.”
The Settlement’s Details
The proposed settlement that Amazon agreed to on Wednesday includes a $25 million civil penalty as well as requirements to both delete the data in question and never use voice recordings of adults or children in the development or creation of a product again.
However approval on this settlement is still needed from the federal courts.
Despite agreeing to the settlement, Amazon denies violating COPPA, saying they designed Amazon Kids for parents to have full control and to comply with the law.
In their complaint against Ring, the FTC accused the company of violating their customers’ privacy by allowing countless employees and hundreds of contractors access to the videos from Ring cameras.
Leading to situations like one in 2017, when a Ring employee watched thousands of videos belonging to dozens of female customers, including those in their bedrooms and bathrooms.
Additionally, the FTC says that Ring did not implement basic security protections for years which allowed hackers to take control of their customers’ accounts, cameras, and videos leading to 55,000 US Ring customers facing hacker attacks. In some cases, hackers could access Ring’s two-way functions to harass, insult, and threaten people – including children. The complaint alleges that Ring’s egregious privacy failings lasted for at least 4 years – between at least 2016 to 2020.
Amazon responded to the complaint saying that RIng had addressed the concerns before the FTC even began their inquiry.
The FTC proposed a settlement of $5.8 million in consumer refunds – as well as a demand for Ring to create a privacy and security program. The settlement also awaits federal court approval.
See what others are saying: (New York Times) (Axios) (CNBC)

Some have accused the company of joining a woke “cult” after learning of its diversity, equity, and inclusion initiative.
Chick-fil-A Goes “Woke”
Conservatives are condemning Chick-fil-A after learning of the fast food chain’s commitments to diversity, equity, and inclusion.
Some have accused the brand of bowing “to the Woke mob.” Others have debated boycotting the chain.
Chick-fil-a bowed the knee to the Woke mob.
— Smash Baals (@smashbaals) May 30, 2023
https://t.co/chhvwmglko
We have a problem.
— Joey Mannarino (@JoeyMannarinoUS) May 30, 2023
Chick-Fil-A just hired a VP of Diversity, Equity and Inclusion.
This is bad. Very bad.
I don’t want to have to boycott.
Are we going to have to boycott?
It’s unclear when exactly Chick-fil-A began its DEI campaign, but according to LinkedIn, the current Vice President of DEI, Erick McReynolds, has been working in the department since 2020 before taking on his current role in 2021. It is also unclear why right-wingers on Twitter have just now discovered Chick-fil-A’s DEI website, but many spent a chunk of Tuesday morning lambasting the company for working to promote diversity.
Chick-fil-A’s DEI page is titled “Committed to being Better at Together.”
“Modeling care for others starts in the restaurant, and we are committed to ensuring mutual respect, understanding and dignity everywhere we do business,” McReynolds said in a statement on the website.
Chick-fil-A is no stranger to boycott campaigns, though those efforts usually come from the opposite side of the political aisle. The company, known for its strong Christian ties, has been criticized for donating to groups with anti-LGBTQ missions. As a result, many on the left have refused to eat there, while it has been a haven for those on the right.
Conservatives, however, have become increasingly outraged by DEI initiatives. Chick-fil-A’s website, which only vaguely outlines its DEI efforts, still seems to be enough for the right to change its tune about the brand.
“Even our beloved Chick-Fil-A has fallen to the DEI cult,” one person tweeted. “the same agenda that is turning our beloved military woke.”
Even our beloved Chick-Fil-A has fallen to the DEI cult (Diversity, Equity, Inclusion); the same agenda that is turning our beloved military woke.
— Caroline Kane for Congress (@CarolineKaneTX) May 30, 2023
This is what happens when we’ve allowed this Environmental, Social, and Governance score (ESG), pushed by anonymous Boards of…
“It’s becoming an epidemic that even Christian companies are being strong-armed to participate in,” the tweet continued.
Old Clip of Chairman Resurfaces
Some have also started resurfacing an old clip of Chick-fil-A Chairman Dan Cathy speaking on a panel about racism during the summer of 2020. During the discussion, he talked about repentance and said that if you ever see someone who needs their shoes shined, you should do it. He then walked over to a Black person on the panel, got on his knees, and shined their shoes.
“There’s a time in which we need to have, you know, some personal action here, and maybe we need to give them a hug, too,” Cathy said while shining the shoes.
“I bought about 1,500 of these and I gave them to all our Chick-fil-A operators and staff a number of years ago,” Cathy continued, in reference to his shoe-shining brush. “So, any expressions of a contrite heart, of a sense of humility, a sense of shame, a sense of embarrassment begat with an apologetic heart — I think that’s what our world needs to hear today.”
The clip caused a stir when the events first unfolded, and has prompted a new wave of anger now. Some are accusing Cathy of being “a woke, anti-American, anti-white BLM boot licker” who thinks all white people need to shamefully shine the shoes of Black people to apologize for racism, though that is not what he said.
Chick-Fil-A CEO Dan Cathy says ALL whites should get on their knees and shine black peoples’ shoes with "a sense of shame, a sense of embarrassment". pic.twitter.com/KlEotHowWU
— Stew Peters (@realstewpeters) May 30, 2023
The guy running chick-fil-A is a woke, anti-American, anti-white BLM boot licker. https://t.co/vwgYqzCX9J
— Mr. America (@ConservativesSo) May 30, 2023
These boycott calls are just the latest from conservatives who have been on a rampage against any company supporting any social cause they deem as “woke.” Earlier this year, the political right took a stand against Bud Light after it included a trans influencer in a sponsored Instagram post. Just last week, Target and Kohls faced boycotts over items in their Pride Month collections.
See what others are saying: (The Hill) (Rolling Stone) (AL)
Business
Bioré Apologizes For Referencing School Shooting in Mental Health Ad Campaign
Published
1 week agoon
May 23, 2023
“Our tonality was completely inappropriate. We are so sorry,” the skincare brand said.
Video Faces Backlash
The skincare brand Bioré apologized this week for partnering with a school shooting survivor as part of its Mental Health Awareness Month campaign.
“We are committed to continuing our mental health mission, but we promise to do it in a better way,” the company said in an Instagram post on Sunday.
Last week, influencer and recent Michigan State University graduate Cecilee Max-Brown posted a video to TikTok sponsored by Bioré where she discussed the numerous challenges she had faced throughout the year. Among them was a school shooting on her college’s campus, which killed three people in February.
“Life has thrown countless obstacles at me this year, from the school shooting to having no idea what life is going to look like after college,” Max-Brown says in the video. “In honor of mental health awareness month, I’m partnering with Bioré skin care to strip away the stigma of anxiety.
“We want you to get it all out, not only what’s in your pores, but most importantly, what’s on your mind, too,” she continued.
In the 50-second video, Max-Brown went on to discuss more details about her mental health struggles, as well as how “seeing the effects of gun violence firsthand” has impacted her and led to “countless anxiety attacks.”
“I will never forget the feeling of terror that I had walking around campus for weeks in a place I considered home,” she said before closing the video by encouraging her followers to participate in Bioré’s mental health campaign.
Bioré Apologizes
The video ignited swift outrage from people who accused Bioré of using a school shooting to sell products. In its apology, the brand admitted the video was misguided.
In the past, Bioré said it has worked with influencers to discuss and reduce mental health stigmas, as the subject is a top priority for its consumers.
“This time, however, we did it the wrong way,” the company said. “We lacked sensitivity around an incredibly serious tragedy, and our tonality was completely inappropriate. We are so sorry.”
Max-Brown also apologized on TikTok, writing that the video was intended to spread awareness, not suggest a product fixed the struggles she has experienced as a result of the shooting.
“I did not mean to desensitize the traumatic event that took place as I know the effects that it has had on me and the Spartan community,” she wrote.
Max-Brown has since removed the initial sponsored video from her account.
See what others are saying: (The New York Times) (NBC News) (The Independent)

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