South Korea’s Naver buys US e-retailer Poshmark for $1.2 billion

Rafael Henrique | flare | Getty Images

South Korean internet giant Naver is acquiring US e-retailer Poshmark for around $1.2 billion, the companies announced on Monday. Poshmark shares plummeted as much as 14% in extended trading.

Naver is paying $17.90 per share in the all-cash deal. Shares of the South Korean internet giant fell more than 7% in the Asian trading session, while Poshmark closed at $15.57 on Monday.

Naver operates a search engine, e-commerce platform and other services in South Korea. The companies said the deal will deepen Naver’s reach in online retail and allow Poshmark to enter international markets.

Poshmark is a popular online retail site that allows people to shop in other users’ closets. The company went public in January 2021 at $42 per share, coming at a time when online shopping was booming due to the Covid-19 pandemic and investors were flocking to tech stocks.

Since then, the stock has fallen sharply, crashing along with the rest of the tech industry.

Naver and Poshmark said they expect the deal to generate “significant revenue and cost synergies,” including near-term reacceleration in annual revenue growth to over 20% as ads improve monetization, increase overseas investment and live commerce gains wider adoption finds.

The deal adds to the recent consolidation in the second-hand clothing market. Etsy acquired fashion resale app Depop for $1.62 billion last year. Depop competes with Poshmark and other resale services like ThredUp.

The companies will host a conference call Monday at 9:00 p.m. ET to discuss the deal.

CLOCK: Young entrepreneurs make big money out of old clothes

The clip exhibits Blueface along with his youngsters’s mom amid Chrisean Rock Fallout

blue face energizes Video Vixen with multiple cameos in the last 24 hours! People on the internet saw him swapping saliva with a mystery woman Chrisean Rock and rolls in the bed of his children’s mother, Jaidyne Alexis.

Things began to unravel between the on-again, off-again couple Blueface and Chrisean early Sunday (October 2). While on Instagram Live, Chrisean admitted to wrecking everything in her hotel room after an argument with Blueface over being unfaithful to other women. She even shared a photo of the rapper’s newborn daughter with Jaidyn.

The mother-of-two apparently responded to Chrisean’s posts with screenshot text that reads: “Happy birthday baby I love you I’m coming to you today.” However, it is unclear whether the lyrics are from Blueface.

Video shows Blueface swapping saliva with mystery woman, Chrisean ends relationship

Following Chrisean’s live stream, a video surfaced online of Blueface flicking her tongues, sharing a meal and riding around with a mystery woman.

Chrisean wasted no time in reclaiming her time. First, the aspiring rapper took to Twitter to explain her singleness. You’ll recall she previously tweeted that Blueface popped the girlfriend question on Aug. 10. But it looks like the icy blonde mystery woman’s moment on Sunday was her breaking point.

“You can all have him. ChriseanRock is single,” she tweeted. “Chrisean, you are enough.”

Blueface claims Bachelor status, Mystery Woman explains how she bagged it

Blueface didn’t let Chrisean last tweet. Instead, he spurred talk about his alleged fraud methods.

“I’ve never been single, I’ve always had a couple,” Blueface tweeted.

Chrisean Rock clapped back with a subliminal tweet, saying: “You’ll wish you’d only kept this one.” She continued to share subliminals to her Twitter account, including words about “soaring up.”

Meanwhile, sometime on Sunday, the mystery woman revealed details of what led to her encounters with Blueface.

“I only DMed him once and I was like trying to be in the Blue Girls Club and that was it,” she said on Instagram Live. “That’s how it happened. Just as.”

Chrisean claims to be Blueface’s ‘Best Friend N Bread Winner’ posts sexual acts with him online

The saga leaked on Monday (October 3), with Rock continuing to talk about her relationship with Blueface. Rock went from breadwinner in one tweet to great partner in another — while staying true to her singleness.

“It’s not that we’re a couple, we’re great partners when it comes to money,” Chrisean tweeted. “I am loyal to the person who is there for me. I conditionally love blue. I’m just a great a** friend with a great a** p*ssy and I have a great plan with an***a dats because the only thing that matters #GodsPlan”

Chrisean posts sex videos with Blueface, Jaidyn Alexis reveals Blueface in bed with her

As of Monday lunchtime, Chrisean and blueface were trending topics, mostly after Chrisean became OnlyFans on the Twitter timeline. The rapper posted a short clip of her riding Blueface’s shlong with the caption, “The Luckiest Man Alive.”

She later deleted the video, but social media users said she also shared sexual clips on her Instagram. Rock also confirmed that the sexual acts were recent.

Meanwhile, Jaidyn Alexis stirred the pot with her own little video. The mother of two posted a video with the man of the hour on her Instagram story. She asks Blueface “Ay, are you alright or sleeping?” He lifts his head off Jaidyn’s pillow long enough to see her pick him up.

“Are you good cuz? What’s happening? There’s a lot of shit going on, you know that? There’s a lot of shit going on. Finna hits your ass. Get up dammit,” Jaidyn said.

For a change, Chrisean offered a limited response to Jaidyn’s messy reveal. Instead of ranting, the rapper retweeted a comment about the situation.

chrisean was blue-faced last night, blue-faced this morning in his bm bed 😂😂😂😂😂

– Cancer. (@kaigivenchy) October 3, 2022

And that’s it, we’ll have to see what Tuesday brings!

In A Should See Second, Rachel Maddow says the subsequent six weeks will decide the path of US democracy

Rachel Maddow said the efforts of the American people will determine the direction of our democracy over the next six weeks.

Video:

Maddo says:

We can be sure that we are playing with the basics in many ways. We push ourselves to the edge and occasionally beyond, and we all know enough history to know that we have pushed ourselves very far in the past, but these struggles to retain our constitutional republic do not win by themselves, The constitution is not self-healing document. Prosecutions for these kinds of things, even when they happen, are hard to win and they’re not the end of all accountability.

Whether you’re volunteering for a candidate, or perhaps running for office yourself, or volunteering as an election worker, or knocking on the door for the latest pro-democracy good government initiative that’s on the ballot where you live. Whatever you do now, especially over the next six weeks, you are part of what will determine what happens next in our country. The outcome is not at all certain at this point. We’re right in the middle.

The corporate media has a way of trying to box everything into a politics-as-usual box. Remember how they tried to normalize Donald Trump’s presidency?

The 2022 midterm elections are not normal. Anti-democratic forces are on the ballot across the country, and their victory will weaken democratic institutions in the United States.

Maddow was right. The next few weeks will determine the further course of the nation. Getting rid of Donald Trump was a start, but to save democracy, the authoritarians flying the Republican banner must be defeated.

Mr. Easley is the managing editor. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public policy with a specialization in social reform movements.

Awards and professional memberships

Member of the Society of Professional Journalists and the American Political Science Association

Ukraine ambassador tells Elon Musk to again off after billionaire’s Twitter ballot

In this photo illustration Elon Musk’s Twitter account is shown on a smartphone screen with the Twitter logo in the background.

Pavlo Gonchar | Light Rocket | Getty Images

WASHINGTON — American tech billionaire Elon Musk drew the public ire of Ukraine’s top officials on Monday after the Tesla CEO tweeted what he said was the most likely outcome of Russia’s brutal invasion of Ukraine.

“F—off is my very diplomatic response to you,” Ukraine’s outgoing Ambassador to Germany Andriy Melnyk wrote in response to Musk’s tweet. “The only result is that now no Ukrainian will buy your fucking Tesla crap. So good luck to you.”

Musk released a Twitter poll assessing support for what he believed to be a likely outcome of the seven-month conflict. Special:

  1. That the Ukrainian territory of Crimea, which Russia forcibly annexed in 2014, be permanently handed over to Russia and permanent water supplies guaranteed.
  2. That the four regions of eastern Ukraine where Russia held mock referendums last month before illegally annexing the country will be subjected to new referendums, this time organized by the United Nations.
  3. That Ukraine should be forced to remain “neutral” and achieve the Kremlin’s long-term goal of preventing Ukraine from joining the NATO defense alliance.

Ukrainian President Volodymyr Zelenskyy responded with his own Twitter poll.

“Which Elon Musk do you like more?” Zelenskyy asked, giving two possible answers: “One who supports Ukraine” or “One who supports Russia”.

The sharp reactions from Ukraine were all the more remarkable given that Musk has earned the status of a quasi-hero of the people in Ukraine since the beginning of the conflict.

Musk’s Starlink satellite communications system has allowed Ukrainians and the Ukrainian military to bypass internet outages that have plagued the country.

Still, Musk’s comments aren’t entirely out of character for the political iconoclast and richest man in the world.

While Tesla’s business interests have traditionally aligned with America’s political left, Musk has recently maintained an antagonistic relationship with key Democratic politicians, including President Joe Biden, whose administration has strengthened Ukraine with arms packages and sanctions against Moscow.

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Bella Hadid sizzles in a horny sheer catsuit at Paris Vogue Week

Bella Hadid is back with another unforgettable look during Paris Fashion Week.

The supermodel stole the show at Stella McCartney’s Spring/Summer 2023 presentation on October 3, when she stalked the runway in a sexy, iridescent catsuit that showed off her nipples with its bare, sheer material.

The 25-year-old’s slightly bleached eyebrows, which were extremely thinned and a major throwback to ’90s style, added an extra touch to her bold look.

Of course, that wasn’t the only runway Bella modeled for on October 3rd.

She dropped her jaw at The Thome Brown Show, where she rocked a preppy-meets-punk look that included a mini pleated miniskirt paired with a ruffled bodysuit (complete with an Elizabethan collar) and larger than life spikes of hair.

While Bella’s latest ensembles have been nothing short of spectacular, there’s no denying that she won the PFW when she performed on the Coperni runway on September 30.

For Biden’s scores to rise, it is apparent what must go down

US President Joe Biden delivers remarks on economic growth, employment and deficit reduction in the Roosevelt Room of the White House on May 4, 2022 in Washington, United States.

Evelyn Hockstein Reuters

Fewer small business owners than a year ago are endorsing the work Joe Biden is doing as president. According to the most recent CNBC|SurveyMonkey Small Business Survey, conducted April 18-25 among 2,027 small business owners in the United States, small business owners are twice as likely to dislike Biden as to endorse him

Biden’s approval rating in this group hasn’t changed over the past three quarters, but few small business owners have been particularly focused on politics during that time. Instead, inflation has dominated concerns on Main Street for the third straight quarter. In this latest survey, about four in 10 small business owners (38%) say inflation is the biggest risk facing their business right now, at least twice as many who put it down to supply chain disruptions (19%), labor shortages (13%) or Covid -19 (13%).

About three in four small business owners say they are currently facing rising material costs, a number that has remained steady since the fourth quarter of 2021.

40% of those facing rising costs say they need to raise their prices to keep up, and another 35% plan to raise their prices if their costs continue to rise.

However, that leaves 24% to absorb rising costs without raising prices themselves. As inflation rises across sectors, small companies may be the most reluctant to raise their own prices because they lack some of the pricing power that helps large companies maintain their dominance.

Zoom In IconArrows pointing outwards

One of the concerns about inflation is how quickly it can spiral out of control: as prices rise at each stage of production, they continue to drive prices higher at each subsequent stage. Additionally, as prices rise, companies are forced to raise wages, but those higher wages result in consumers having more money to spend, and the cycle continues.

But you won’t see much acceptance of price gouging on Main Street. Small business owners seem particularly reluctant to take advantage of the current inflationary environment by passing higher costs on to their customers. Overall, twice as many small business owners say now is a bad time to raise prices than they say now is a good time to raise prices.

Obviously, small business owners can’t fight inflation alone; It is squarely within the purview of the Federal Reserve and Biden administration to make policy changes that can curb widespread price hikes. So far, few on Main Street have been impressed with the response.

This quarter, just 27% of small business owners say they trust the Federal Reserve’s ability to control inflation, almost exactly the same as last quarter’s 28%. On Wednesday, Chairman Jerome Powell announced that the Fed would raise interest rates by half a percentage point – the first such move since the latest surge in inflation began last year.

Zoom In IconArrows pointing outwards

Not coincidentally, small business owners’ approval of the way Joe Biden is doing his job as president plummeted just as inflation began to rise last fall — and has stayed there ever since. During the first three quarters of his presidency, Biden averaged a 42% approval rating for small businesses: not great, but not terrible considering the majority of small business owners are Republican rather than Democrats.

Over the past three quarters, Biden’s approval rating has fallen to the low 30s, and fewer small business owners than ever are agreeing with Biden. Other polls suggest Biden needs to get inflation under control to shore up his lagging job admissions.

Similar to our quarterly survey, Biden’s approval in general opinion polls began to decline last fall as inflation began to rise. The FiveThirtyEight tracker for presidential approval shows August 29, 2021 as the tipping point where Biden’s disapproval outpaced his approval in poll averages. Even then, the speed of price increases broke records.

In a new Washington Post and ABC News poll, Biden’s job approval rose slightly from February to April and now stands at 42% overall. That number is still well below the 52 percent mark Biden had in the first Washington Post/ABC News poll during his presidency in April last year.

This latest poll is particularly prescriptive for Biden as it asked about various aspects of the president’s approval. Though his overall approval rating is underwater, a majority of US adults (51%) support Biden’s handling of the coronavirus pandemic. Fewer approve of his handling of the Russia/Ukraine situation, his ability to create jobs, or his handling of the economy in general. And at the bottom of the list, just 28% agree with its handling of inflation.

Presidents are lauded for a strong economy in good times and blamed for a flagging economy in bad times, as Biden is now witnessing. With inflation ranked first across the country, including on Main Street, Biden’s job permit won’t recover unless he takes it.

Economic system, inflation high the agenda for mid-term voters giving GOP a slight benefit in new Monmouth ballot

A woman votes in a voting booth on May 17, 2022 in Norwood, North Carolina, USA. North Carolina is one of several states that hold midterm elections.

Sean Rayford | Getty Images

Economic issues like inflation top the list of midterm voters a month before Election Day, giving Republicans a slight advantage over Democrats in a new poll released Monday by Monmouth University.

For the first time since the Supreme Court’s Dobbs v. Jackson Women’s Health decision overturned constitutional abortion rights, a majority of voters polled by Monmouth say they think Republicans should take back control of Congress.

The poll found that 47% of voters want or prefer Republicans to control Congress, compared to 44% who want or prefer Democrats. It’s a 4 percentage point gain for Republicans from 43% in August and a 6 percentage point loss for Democrats from 50% a month ago.

The poll was conducted September 21-25 and has an error rate of 3.5 percentage points.

While Democrats are concerned with a variety of issues, from climate change to abortion, and Republicans are concerned with inflation and immigration, the survey found that independent voters are primarily concerned about rising prices.

Overall, 82% of Americans ranked inflation as an extremely or very important issue, compared to 56% who ranked abortion as their top concern and 32% who said the coronavirus pandemic was a major concern. More broadly, for 54% to 38% of Americans, concerns about the economy and the cost of living outweigh concerns about the loss of basic rights or threats to democracy.

“Democrats are everywhere when it comes to their core issues. That makes it difficult for the party to develop a coherent messaging strategy to motivate its base. Republicans, on the other hand, only need to hammer on rising prices and ‘the wolf is coming’ to piss off their voters,” said Patrick Murray, director of Monmouth University’s polling institute. “A big problem for Democrats is that their grassroots news isn’t as appealing to independents as the GOP issue agenda.”

Independents in particular are more than twice as likely to prioritize economic issues over threats to human rights and democracy, 61% versus 29%.

Additionally, only 30% of voters approve of President Joe Biden’s handling of inflation. He also received low marks on abortion (31%) and immigration (also 31%).

Gucci Mane had no intention of dissing Jeezy’s lifeless boyfriend throughout Verzuz

Gucci mane keeps going with Jeezy right. Almost two years after the name drop jeezy‘s boyfriend who died during their Verzuz fight, Gucci admits he immediately regretted it.

“I didn’t know what was going to happen when I got on stage. [That I was gonna say that,” Gucci said. “I ain’t go up there thinking, I’m bringing negative energy. It really just came out.”

According to XXL, Gucci gave the comment at the 2022 Revolt Summit on September 25. During a Rap Radar Live panel, the artist spoke about unleashing The Truth during the battle. The 2012 diss song refers to Jeezy’s associate Henry “Pookie Loc” Lee Clark III.

Gucci shot and killed Henry during an attempted robbery in 2005. The rapper was arrested on murder charges but claimed self-defense leading to dropped charges over insufficient evidence.

 

Gucci Mane Felt Grateful For How The Hit-For-Hit Battle Ended 

So, given their history, the rappers sent shockwaves throughout the industry when they agreed to go hit-for-hit in November 2020. Then, Gucci rapped The Truth–prompting a speech from Jeezy about violence among the youth and being role models.

During the sit-down at the Revolt Summit, Gucci explained that he felt empowered to play the song by his ability to back up what he raps!

 “I say what I mean. So, my thing was, if I was bad enough to say it in the studio, I’m bad enough to say it in your face. That’s just how I felt personally,” he said.”

Still, he claims he regretted taking the battle in that direction.

“When I left, I felt like ‘damn, I wish I would have said what I said. But at the same time, I was like, I’m glad that we [performed So Icy at the end.] It shows that I am developing. I’m growing up. I’m not the same anymore,” Gucci added.

#RapRadar @gucci1017 talks about his relationship with Jeezy. @revoltsummit pic.twitter.com/QKK66pweUT

— Elliott Wilson (@ElliottWilson) September 29, 2022

And then Gucci revisited it in 2022…twice

Though feeling regret after the moment, Gucci doubled down on his Pookie Loc comments in a song released in January 2022. The song is called Rumors featuring Lil Durk.

In the summer, Gucci was on a different beat again. In July he released a track called Dissin the Dead. In it, he lashed out at songs dissing dead people while also acknowledging his past transgressions on the matter.

“I know my tongue is a sword, I know I should be more careful with the shit I said. “None of that shit no shit this shit so real and a young n***a get shot in the head / young n***a mad at pills and doing exercises we gotta stop the dead to diss.”

Search and rescue efforts underway in Florida after ‘catastrophic’ hurricane

An aerial photo taken on Sept. 30, 2022 shows the only access to the Matlacha neighborhood destroyed after Hurricane Ian in Fort Myers, Florida.

Ricardo Arduengo | AFP | Getty Images

Search and rescue efforts are underway in Florida after a devastating Category 4 hurricane made landfall on Wednesday.

At least 77 people have been confirmed dead and more than 860,000 people are still without power, according to NBC News. There is “significant damage” along Florida’s west coast, and many homes in central parts of the state are still flooded, FEMA Director Deanne Criswell told ABC’s This Week on Sunday.

She said the road to recovery will be long.

“We’re still active in the search and rescue phase trying to make sure we’re considering everyone who was in the path of the storm and going through each home to make sure we don’t leave anyone behind,” she said.

Criswell said Hurricane Ian was “catastrophic” and officials knew it would have a major impact on Florida residents. A large number of federal and state search and rescue resources are poised and ready to roll out “immediately” after the storm, she said.

“They were outside before dawn on Thursday,” Criswell said. “They are still here today.”

Florida Senator Rick Scott echoed this sentiment while addressing concerns about rebuilding RV parks in Florida and the need for potentially stricter building codes. He said those decisions should be made by each county.

“You don’t want these things to ever happen again,” he said in an interview with NBC’s Meet the Press on Sunday. “I think every county needs to look at that and say, ‘Does this make sense for their county?

Scott commented on the overall recovery effort and addressed concerns in the property insurance market. He found that insurance fraud hurts some Florida businesses or discourages others from doing business in the state.

“They need to have stricter building codes,” he said. “You have to make sure you learn from every storm, and on top of that you have to make sure there’s no cheating.”

President Joe Biden will visit Florida on Wednesday to meet with officials and assess storm damage, the White House said Saturday.

He will also visit Puerto Rico as it works to recover from Hurricane Fiona, which struck the island as a Category 1 storm in September.

“We will do everything we can to get these communities back on their feet,” Biden said on Twitter.

Pfizer is asking the FDA to approve Omicron Covid booster pictures for youngsters ages 5 to 11

Jack Wasserman, 6, receives a Pfizer-BioNTech booster vaccine for coronavirus disease (COVID-19) on May 19, 2022 in Schwenksville, Pennsylvania, United States.

Hannah Beier Reuters

Pfizer on Monday asked the Food and Drug Administration to approve its new Covid booster shots, which target the omicron BA.5 subvariant for children ages 5 to 11.

Pfizer’s application to the FDA comes ahead of the release of clinical trial results for the new vaccines. The company said in a statement its request was based on human data from a similar vaccine targeting the Omicron BA.1 subvariant and animal test data on the BA.5 shots.

Pfizer’s main competitor in Covid shots, Moderna, asked the FDA on Friday to clear its Omicron shots for children ages 6 to 17. The Centers for Disease Control and Prevention earlier this month cleared Pfizer’s Omicron boosters for people ages 12 and older and Moderna’s new vaccines for adults.

The CDC said in a document released earlier this month that the recordings will likely be available to children ages 5 and older in October. The health agency’s Vaccine Advisory Committee has scheduled meetings for October 19 and 20, which are expected to review the available data on the boosters for this pediatric age group.

FDA and CDC officials expect the omicron BA.5 syringes to provide significantly better protection against infection and disease this fall and winter. But US health officials have conceded that in the absence of human data, it’s unclear how much more protection the new vaccines will offer compared to the old ones.

dr Peter Marks, who heads the FDA’s vaccine review division, said the US uses the same process to switch the Covid vaccines to a new strain that it uses to update flu shots every year. Flu shots are also often released for use without human data.

The new boosters target the dominant subvariant omicron BA.5 as well as the original Covid strain that first emerged in Wuhan, China in 2019. The old shots developed against the original Covid strain no longer provide meaningful protection against contagion and mild illness because the virus has mutated so extensively over the course of the pandemic.

The original vaccines still prevent serious illnesses, although their effectiveness against hospitalization is also declining.

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