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The Weeknd expands Business Portfolio with latest Esports Investment

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The Weeknd has joined forces with esports under the OverActive Media group umbrella, which owns the Toronto Defiant of the Overwatch League.

The Toronto pop star reportedly now owns a stake in the group of investors including Michael Kimel, part-owner of the Pittsburgh Penguins, and tech entrepreneur Sheldon Pollock. The Weeknd will also serve as global ambassador for the Canadian company.

“We are thrilled to be welcoming a global superstar like Abel to our investor family,” OverActive Media president and CEO Chris Overholt said in a statement Wednesday. “Abel’s standing in the music industry will provide our Toronto Defiant and Splyce brands the opportunity to reach more fans and engage new audiences.”

“As a big esports fan, I am really excited to be involved in this project,” The Weeknd said in a statement. “I am looking forward to collaborating with OverActive Media in unique and innovative ways.”

The sporting giant also owns teams in the League of Legends European Championship, Call of Duty World League, Rocket League, StarCraft, and Smite.

OverActive strongly believes the singer will become an integral part of the brand’s overall elevation in the near future.

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Uber discloses disturbing Data of 3,000+ Sexual Assault incidents

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Uber’s sexual assault problem has skyrocketed, but a new company report released by the ride-sharing hub on Thursday reveals shocking details of the ongoing crisis, and it’s worse then you could fathom.

In the 84-page, self-released report, Uber revealed the company receives thousands of sexual assault and misconduct reports a year, according to NBC News.

The chilling data includes 235 reports of rape, 280 reports of attempted rape, 1,560 reports of groping, 376 reports of unwanted kissing to the breast, buttocks or mouth, and 594 reports of unwanted kissing to a different body part.

In total, the report reveals Uber received 5,981 reports of sexual abuse between 2017 and 2018. While riders are typically the victims in many of the company’s higher-profile sexual assault cases — such as those lodged by four female survivors in 2018 — Uber’s report claims passengers were actually the accused party in 45 percent of the reports filed.

“Each of those incidents represents an individual who has undergone a horrific trauma,” Uber’s chief legal officer Tony West told NBC News. “But I’m not surprised by those numbers,” he added.  “I’m not surprised because sexual violence is just much more pervasive in society than I think most people realize.”

“We had to measure what was happening on our platform,” said West. “We know in business, if you don’t measure it, you can’t address it.”

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Jeff Bezos sets sights on buying NFL team

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Amazon founder and CEO Jeff Bezos is reportedly planning on purchasing an National Football League (NFL) team and is currently in talks with several current owners.

According to CBS Sports, Bezos “has spent considerable time around owners, including Washington Redskins’ Dan Snyder, and is in the process of moving to Washington.” Bezos, is worth an estimated $110 billion, including ownership of The Washington Post.

“There are not any teams currently on the market, though the Seattle Seahawks will be sold at some point following the death of Paul Allen last year,” the report said on Sunday. Snyder has been trying to get a state-of-the-art stadium built in Washington, DC, and Bezos can help him build one.

“Bezos moved The Washington Post to a new location after purchasing the paper, is setting up an Amazon hub in the area and some believe could aid Snyder`s pursuit of a new stadium, perhaps even with an Amazon sponsorship,” the report elaborated. Amazon has a partnership with the NFL to stream Thursday Night Football and he may buy an NFL team from a business perspective.

NFL is a professional American football league consisting of 32 teams, divided equally between the National Football Conference and the American Football Conference.

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Uber’s third round of layoffs raises major red flags

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Uber has reportedly terminated employment for another 350 workers in its third wave of layoffs, the company revealed on Monday. Uber Eats and Uber’s self-driving unit were hit the the hardest according to documents obtained by Tech Crunch

CEO Dara Khosrowshahi sent an email to Uber workers to address what’s being described as “difficult but necessary changes.”

The company has parted ways with an estimated 400 workers in its marketing department since July and 435 engineering and product workers in September. Some workers have also been asked to relocate.

The ride-sharing giant admitted in August that it garnered $5 billion in losses in the second quarter of 2019, attributing the costs to one-time charges connected to Uber’s May stock offering. Excluding those charges, Uber’s ongoing burn rate has been around $1 billion in recent quarters. Third-quarter financial results are due out next month.

While the ongoing layoffs have raised concerns as to where the future of the company’s headed, UBER says those who were fired only make up about 1% of the company’s workforce. 

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