#Parler scraps Amazon antitrust lawsuit after relaunching

#Parler scraps Amazon antitrust lawsuit after relaunching

“#Parler scraps Amazon antitrust lawsuit after relaunching” Parler has dropped the antitrust lawsuit it brought against Amazon after the tech titan booted the right-wing social network from its servers. In a three-page court filing, Parler said it was voluntarily dismissing its scathing January complaint accusing Amazon’s cloud computing unit of forcing its website offline out…

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#Michaels to be acquired by Apollo for .3 billion

#Michaels to be acquired by Apollo for $3.3 billion

“#Michaels to be acquired by Apollo for $3.3 billion” Arts-and-crafts retailer Michaels said it has agreed to be acquired by private equity giant Apollo Global Management in a deal that values the company at $3.3 billion. The going-private transaction values Michaels’ outstanding stock at $22 a share, a 47 percent premium to the closing price…

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#Alamo Drafthouse cinema chain files for bankruptcy

#Alamo Drafthouse cinema chain files for bankruptcy

“#Alamo Drafthouse cinema chain files for bankruptcy” Dine-in cinema chain Alamo Drafthouse filed for bankruptcy Wednesday after taking a beating from the COVID-19 pandemic. The Texas-based company said it plans to restructure itself after facing a “liquidity crisis” last year as the coronavirus shuttered its 18 corporate-owned movie theaters, which feature cushy seats and a…

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#‘Space hurricane’ spotted above Earth for the first time ever

#‘Space hurricane’ spotted above Earth for the first time ever

“#‘Space hurricane’ spotted above Earth for the first time ever” A first-ever “space hurricane” was spotted whirling above the Earth, scientists said. The 600-mile-wide mass of plasma occurred several hundreds of miles above the North Pole, according to a study in the journal Nature Communications. “Until now, it was uncertain that space plasma hurricanes even existed, so…

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