The Techonomics - 😪 Tiktok does not want your MLM..

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Today's Articles

What TikTok's MLM Ban Means
T-Mobile says hackers accessed some customer call records in data breach – TechCrunch
NHL Team Values 2020: Hockey's First Decline In Two Decades
What TikTok's MLM Ban Means
(BETA) Article Sentiment: mixed
Article

More recently, the pandemic has been an MLM gold rush.

In the past few years, significant pushback against MLMs has also been building online.

"There are more people speaking out against MLMs than there ever have been before."

"I believe people had been reporting MLMers on the app for fraudulent behavior long before TikTok specifically banned the businesses," says Heather Rainbow, a TikTok creator who started dissecting MLMs on her account in March, in response to the spike in recruitment she saw around the start of the pandemic.

TikTok said she's right: It was already removing MLM content before it added the clarifying wording to its guidelines, and nothing in particular has changed to make the situation more urgent.

Though the language might be dramatic, the group wasn't wrong about the uptick in activity: On YouTube, marketing coaches with substantial followings had started encouraging MLM salespeople to use TikTok to bolster their personal brands.

"It is maximum exposure over there, and it is amazing," the MLM coach Julie Reynolds told her audience in a video posted in May..

 
T-Mobile says hackers accessed some customer call records in data breach – TechCrunch
(BETA) Article Sentiment: negative
Article

The cell giant said in a notice buried on its website that it recently discovered unauthorized access to some customers' account information, including the data that T-Mobile makes and collects on its customers in order to provide cell service.

Known as customer proprietary network information, this data can include call records - such as when a call was made, for how long, the caller's phone number and the destination phone numbers for each call, and other information that might be found on the customer's bill.

The notice didn't say when T-Mobile detected the breach, only that it was now notifying affected customers.

A spokesperson for T-Mobile did not respond to requests for comment, but told one news site that the breach affects about 0.2% of all T-Mobile customers - or approximately 200,000 customers.

In 2018, T-Mobile said as many as two million customers may have had their personal information scraped.

A year later, the company confirmed hackers accessed records on another million prepaid customers.

Just months into 2020, T-Mobile admitted a breach on its email systems that saw hackers access some T-Mobile employee email accounts, exposing some customer data.

 
NHL Team Values 2020: Hockey's First Decline In Two Decades
(BETA) Article Sentiment: negative
Article

It pushed the playoffs to neutral sites devoid of fans, robbing "Home" teams of critical revenue from selling tickets, beer and hot dogs, which for two previous Cup winners-the St. Louis Blues and the Washington Capitals-meant more than $20 million.

The result: The average NHL team value has fallen 2%, to $653 million, the first decline since 2001.

The Canadiens collect more than $50 million, followed by the Maple Leafs, at over $40 million.

The NHL did salvage its national TV money by holding last season's playoffs in Edmonton and Toronto "Bubbles," but it missed out on more than $200 million in arena playoff revenue that largely falls to the bottom line, in addition to subsidizing the NHL's weaker teams through revenue sharing.

The Florida Panthers lost nearly $30 million, in part because their revenue-sharing check was roughly $16 million, instead of the expected $24 million.

Some teams have borrowed money to mitigate losses, with average team debt rising to $144 million, from $127 million last year, by our count.

We adjust values for teams moving into new arenas, like the Islanders, based on how the arena is being financed, when it will open and the degree to which we can estimate revenues from the new arena.

 
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