Reading view
Hoda Kotb, Who Became a Mom at 52, Gave This Parenting Advice to Andy Cohen
Jennifer Lopez Will Keep This $5 Million Dollar Asset From Ben Affleck Marriage
US Regulators Open Probe Into Tesla Vehicles Over Remote Driving Feature
Hearts Break as Neighbor's Dog Keeps Coming Over Looking for 'Best Friend'
The Girl Scout Cookies Retiring From the Roster After 2025
Bedbug Scourge in Public Housing Forces Residents to Sue
'60s Folk Icon Dies
Parts of Los Angeles County Under Evacuations Due to Palisades Fire
Biden infuriates Trump supporters with "Dark Brandon" final act
President Biden is infuriating critics in the twilight of his term, unburdened by optics as he resorts to raw instincts β and seemingly a bit of trolling β to write the final pages of his polarizing presidency.
Why it matters: Biden's legacy will be defined, in many ways, by Donald Trump's reelection. But the 81-year-old president appears too proud to allow MAGA's rising tide to sweep him into premature irrelevance.
Zoom in: The conservative frenzy around Biden's lame-duck behavior began with the December pardon of his son, Hunter, which upset even some Democrats who saw the move as morally inconsistent.
- Two days before Christmas, Biden commuted the sentences of 37 out of 40 federal inmates on death row β drawing praise from criminal justice groups, but outrage from Republicans and some victims' families.
- Last week, Biden gave former Rep. Liz Cheney (R-Wyo.) β whom Trump has called to be prosecuted β the Presidential Citizens Medal for her work leading the House panel that investigated the Jan. 6 assault on the Capitol.
Then on Saturday, Biden honored Hillary Clinton and liberal philanthropist George Soros with the Presidential Medal of Freedom β a move that might as well have been lab-engineered for maximum MAGA meltdown.
Zoom out: Partisan catnip aside, the bulk of Biden's lame-duck agenda has been aimed at extending the longevity of his core policy themes, primarily through a flurry of rules and regulations finalized in recent weeks.
- The latest: New consumer rules banning medical debt from being included on credit reports, which the White House touted as an example of making "every day count" in advancing Biden's economic vision.
- Biden also issued a sweeping executive order Monday blocking about 625 million acres of offshore areas from future oil and gas drilling, potentially hindering Trump's plans to quickly scale up fossil fuel production.
- Trump expressed disbelief at the move on Hugh Hewitt's radio show Monday, and later complained on Truth Social: "Biden is doing everything possible to make the TRANSITION as difficult as possible."
Reality check: Incoming Trump chief of staff Susie Wiles told Axios that the White House has been "very helpful" during the transition, despite the policy differences.
- That's not to mention Congress' uneventful 30-minute certification of Trump's victory on Jan. 6 βΒ a striking contrast with the unprecedented political violence of four years ago.
What they're saying: "After inheriting an economy in freefall and skyrocketing violent crime, President Biden is proud to leave his successor the best-performing economy on earth, the lowest violent crime rates in over 50 years, and the lowest border crossings in over four years," White House spokesman Andrew Bates told Axios in a statement.
Between the lines: Biden, who declared "America is back" when he took office four years ago, has remained deeply engaged on global issues as he seeks to Trump-proof his legacy.
- He's continued to rush aid to Ukraine, and after the election approved Kyiv's request to strike deep inside Russia with American-made missiles β prompting claims of sabotage from Trump and his allies.
- A staunch Zionist, Biden also has refused to bow to progressive pressure to cut off military support to Israel β and even approved an $8 billion arms sale last week, while still working to secure a hostage deal in Gaza.
- "I might be the oldest president, but I know more world leaders than any one of you have ever met in your whole goddamn life," a feisty Biden scolded reporters at the White House on Sunday.
The intrigue: The clearest sign of Biden relying on gut instincts in his final days is his decision to block Nippon Steel's $14.9 billion takeover of U.S. Steel β a position that he and Trump share.
- Biden overruled several of his top advisers, including Treasury Secretary Janet Yellen and national security adviser Jake Sullivan, in blocking the Japanese giant's acquisition, according to the Washington Post.
- Instead, "Scranton Joe" sided with the United Steelworkers union to ensure that the company remains American-owned β even at the risk of potential job losses and plant closures.
What to watch: The "Dark Brandon" era could end with preemptive pardons for Democrats and government officials targeted for retribution by Trump, including Anthony Fauci.
5 times entire towns were found buried
- Throughout human history, cities have been abandoned or reclaimed by nature.
- Sometimes people rediscover these cities using technology or by a stroke of luck.
- These five cities, buried under rock, ice, or vegetation, have resurfaced.
Humans have been building cities for centuries, but they don't always last. In some cases, nature has reclaimed them. Other times, people simply built on top of older structures.
Technology, including lidar and radar, helps uncover some lost or abandoned cities. Warming temperatures and drier conditions have caused other towns to resurface.
Here are five hidden cities buried by rock, snow, or vegetation that people have rediscovered.
In April 2024, NASA Jet Propulsion Laboratory scientists accidentally caught a glimpse of the Cold War past, buried 100 feet under Greenland's frozen landscape.
Over 900 miles north of Nuuk, the country's most populous city, there was once a secret town of Army workers. Now the only way to see the frozen city, known as Camp Century, is through ice-penetrating radar.
"It's sort of like an ultrasound for ice sheets, where we're mapping out the bottom of the ice sheet," Chad Greene, the cryospheric scientist who took the picture, told Business Insider.
While there are other radar images of Camp Century, this newer device, the UAVSAR (Uninhabited Aerial Vehicle Synthetic Aperture Radar), is more powerful. "That is the highest-resolution image that we've ever gotten to see at this camp," Greene said.
Remote and inhospitable, northern Greenland seemed like an ideal place for a Cold War military base. The US Army Corps of Engineers started constructing Camp Century 26 feet below the ice in 1959.
They dug tunnels large enough for an electric railroad to connect to a supply base over 150 miles away. The 2-mile-long complex, powered by a nuclear reactor, was large enough for 200 soldiers. So they didn't miss the comforts of home, they would have access to a gym, game rooms, library, and barber shop, Popular Science reported in 1960, while the base was still under construction.
The Army told journalists that scientists used Camp Century as a base for collecting and researching the world's first ice core samples. While that was true, the frozen city was also part of Project Iceworm. That mission, to launch ballistic missiles from under the ice, was kept under wraps and was eventually scrapped.
The Army's expectation for Camp Century after abandoning it in 1967 was that snowfall would keep it "preserved for eternity," a group of engineers wrote in a 1962 journal article. Over the decades, dozens of feet of ice and snow have further covered the base. The problem is that warming temperatures could reverse that trend.
If Camp Century melts, thousands of gallons of radioactive waste could surface as well. A 2016 study predicted the area will start losing ice by 2090.
Luke Auld-Thomas was deep in a Google search when he hit the jackpot β¦ for a graduate student in archaeology, at least. It was lidar data for environmental analysis, but he was interested in what was under the trees.
To capture that kind of information, a plane flies over an area and the lidar sensor emits millions of pulses of light that are used to measure the distance between the plane and the objects below. Some light slips between the tree canopy to the ground, which can reveal forgotten structures.
The dataset covered an area of Campeche in Southeastern Mexico where Lowland Maya civilizations once flourished. However, the area is so dense with trees, it's impossible to see structures from the sky. Archaeologists had never studied this particular spot, so Auld-Thomas wasn't sure what the data would show.
It turned out that there were thousands of structures under the leaves.
"The locals were aware of the ruins nearby, but the scientific community had no idea," Marcello Canuto, a Tulane University professor and Auld-Thomas' advisor, told Business Insider.
When Auld-Thomas and Marcello started looking at the lidar data, they were surprised to see an entire city, packed with buildings. It may have been home to 30,000 to 50,000 people between 750 and 850 CE.
The city covered around 6 square miles. The team found over 6,700 structures, including houses, plazas, temple pyramids, and a ballcourt. Some areas were dense while others were more rural, Canuto said.
"There's also causeways, like roads, terraces, hydraulic canals, reservoirs, things that suggest that the landscape is being modified for a series of reasons," he said, including transportation and growing food.
Based on the city's scope, Canuto said it may have served as a regional capital that would have been home to elites or a royal family.
The researchers called it Valeriana, after a nearby lagoon.
Right now, everything the researchers know about Valeriana comes from the lidar data. That information can help see the size and shape of buildings and the size of the city, but they need to visit the site to learn more.
"What lidar doesn't tell you is what's below the surface," Canuto said. The Maya may have buried some objects or structures, or soil may have covered them.
Canuto said many of the stone buildings have likely crumbled over the centuries. They may be decorated or have important architectural features that lidar can't reveal.
While Canuto isn't planning to go to Valeriana himself, he hopes researchers from Mexico's National Institute of Anthropology and History will study the site.
"That's the point of open data is to say, 'Look, it's open to everybody, so make use of it,'" he said.
A decades-long megadrought continues to bake the Southwestern US.
In the early 1980s, Lake Mead, the Hoover Dam's reservoir, was nearing its full capacity of 9.3 trillion gallons of water. In 2022, it was at its lowest level since 1937, when it was first filling up, according to NASA's Earth Observatory.
Satellite images showed a "bathtub ring" of mineralization where water previously covered the shore. A once-wide section of the lake narrowed and then disappeared in the past 20 years.
As the evaporating water revealed the bed below, the remnants of an abandoned town began to emerge.
In 1928, President Calvin Coolidge signed a bill ordering the construction of what would become the Hoover Dam. It was completed in 1936, causing the Colorado River to start rising.
As water pooled in valleys, Lake Mead began to form. Unfortunately for the residents of St. Thomas, Nevada, they were right in its path.
Mormons settled the town in 1865, though most burned their homes and moved after a dispute over taxes, according to the National Park Service. By the 1880s, newcomers had found the town, which would eventually become home to around 500 people.
When the river water started flooding, the town had everything from a school to a post office to an ice cream shop.
In 1838, the last resident escaped by boat.
"St. Thomas, for a long time, you couldn't get to without scuba diving," Michael Green, a University of Nevada, Las Vegas history professor, told The Las Vegas Review-Journal in 2019.
The drought changed that.
St. Thomas started peeking through the disappearing lake in 2002. Walls, foundations, bits of metal, and broken glass litter the earth now.
The town reemerged in 1945 and 1963 but the lake swallowed it up again. It's unclear when that may happen again because climate change is fueling water loss in the Colorado River, a 2023 study found.
Lake Mead rose 16 feet in 2024 after coming dangerously close to the "dead pool" level, when the Hoover Dam would no longer be able to release water downstream to Arizona and California, SFGate reported.
Midyat, in southeastern Turkey, has long held religious significance, as evidenced by its monasteries and churches, some of which were built in the 6th century.
In 2020, researchers on an excavation project unexpectedly found an entrance to a sprawling subterranean city, Agence France-Presse reported in 2024. Its construction was even older than the above-ground churches, dating back almost 2,000 years.
The city's inhabitants, possibly fearing persecution, fled underground and created an entire world.
Tunnels carved into the rock connect dozens of rooms in the underground city, known as Matiate. Researchers found coins, human and animal bones, and areas for storing food and wine, The Wall Street Journal reported in 2022.
People occupied the site for hundreds of years and had many reasons for seeking shelter under ground.
"To protect themselves from the climate, enemies, predators and diseases, people took refuge in these caves, which they turned into an actual city," Mervan Yavuz, the Midyat conservation director, told AFP.
Some may have been looking for a place to safely practice their religions, Yavuz added. "Pagans, Jews, Christians, Muslims, all these believers contributed to the underground city of Matiate."
Workers have only excavated a tiny fraction of Matiate, which covers an estimated 9 million square feet.
"Our aim is to gradually uncover the entire underground city and open it to tourists," excavation leader Gani Tarkan told Daily Sabah last year.
Eventually, Matiate could rival the size and popularity of another of Turkey's underground cities, Derinkuyu.
In 1963, a man in the Cappadocia region of Turkey kept losing chickens during renovations on his basement, the BBC reported in 2022. They would slip through a gap in the wall and disappear. It turned out the wall concealed a tunnel to a long-forgotten city.
Located nearly 280 feet under the ground, the cavernous rooms and tunnels were once home to 20,000 people.
Cappadocia's rock is made from volcanic ash and forms natural spires. Known as tuff, the rock is easy to carve and shape, which may have helped residents build the underground tunnels and dwellings.
The city is ancient, with some estimates of its age at around 3,000 years. In 370 BCE, Xenophon of Athens described a site that seemed to match what's now known as Derinkuyu.
After its rediscovery, archaeologists and others began excavating Derinkuyu, eventually finding over 600 openings leading to the city. Storage rooms, stables, and schools covered 171 square miles. There was a well for water and ventilation shafts bringing in fresh air.
While residents didn't seem to live underground permanently, they could hide from violence or harsh weather for months at a time, the BBC reported.
In the 1920s, Cappadocian Greeks left the city behind after the Greco-Turkish War. They likely knew about the metropolis beneath their feet but took that knowledge to Greece.
Following Derinkuyu's rediscovery, it became a huge draw for the region.
Visitors can now explore several levels of Derinkuyu to see how people sought refuge for hundreds of years in the claustrophobic caves.
200-acre brush fire erupts in affluent Pacific Palisades neighborhood of Los Angeles, prompting mandatory evacuations
- A brush fire erupted in Pacific Palisades amid a powerful windstorm Tuesday.
- The Palisades Fire quickly grew to 200 acres, prompting mandatory evacuations in the area.
- Santa Ana winds, with gusts up to 100 mph, are creating extreme fire conditions.
A major brush fire erupted in the Pacific Palisades, an affluent neighborhood of Los Angeles, in the first hours of a powerful windstorm on Tuesday.
The Palisades Fire broke out around 10:30 a.m. Pacific Time and quickly ballooned to 200 acres.
Mandatory evacuation orders were issued for the area all the way down to the Pacific Ocean.
Westwood Recreation Center was open to evacuees as of Tuesday afternoon.
Further evacuation warnings prompted residents to prepare for evacuation in the Topanga Canyon area and an additional swath of the hills down to La Costa Beach.
Palisades Drive, the major road out of the neighborhood, was packed with slow-moving lines of cars as people evacuated beneath a smoky haze and bright-orange flames licking the hillside in the distance, shown live on ABC7 shortly after noon.
The state agency CalFire reported that the fire was on both sides of Palisades Drive.
ABC7 reported that some people were evacuating on foot and spoke with one family who abandoned their car on the road.
An LA Fire Department captain told the news station that they had not yet confirmed any property damage.
Highway 1 has closed between Santa Monica and Malibu.
Officials have not yet determined how the fire started, but it erupted during a high-risk major windstorm that created extreme fire conditions in the area.
Warm, dry Santa Ana winds from the deserts of Nevada and Utah are expected to bring gusts up to 100 mph to Southern California through Wednesday morning.
The National Weather Service called the windstorm "life-threatening and destructive" and warned that these could be the strongest north winds in 14 years. The NWS urged residents to be ready to evacuate, as such winds can rapidly spread any fire that breaks out.
"This is pretty much the worst possible scenario for a firefight," David Ortiz of the LAFD told local news station KTLA.
Business leaders and lawmakers react to Meta's content moderation changes
- Meta announced Tuesday it's doing away with third-party fact-checking in favor of community notes.
- Several lawmakers told BI the move is an indication Mark Zuckerberg is catering to Trump.
- Some business leaders praised Meta for the change while others expressed concern.
Meta is carrying out the biggest overhaul to its content moderation system in years.
The company announced on Tuesday that it's replacing third-party fact-checking program with user-generated community notes, like those on Elon Musk's X, formerly Twitter.
In another page from Musk's playbook, Meta said it's moving some teams β specifically its trust and safety teams, responsible for writing the company's content policies and reviewing content β out of California into Texas and other locations in the US.
CEO Mark Zuckerberg said the decision was about getting "back to our roots and focus on reducing mistakes, simplifying our policies, and restoring free expression on our platforms."
Democrats: Zuckerberg's sucking up to Trump
Democratic lawmakers told BI at the US Capitol on Tuesday that they saw the move as a sign that Zuckerberg is trying to appease President-elect Donald Trump ahead of his return to the Oval Office.
Rep. Alexandria Ocasio-Cortez of New York said Zuckerberg was "kissing Trump's ass" in making the change.
"I think that Mark Zuckerberg is trying to follow in Elon's footsteps, which means that actually, they're going to use this guise of free speech to actually suppress critics of Trump and critics of themselves," Ocasio-Cortez said. "That's why they're moving to this system. It's a model for their own self-aggrandizement."
Sen. Elizabeth Warren of Massachusetts told BI that Big Tech CEOs "want a government that works for them, and they're making clear that sucking up to Donald Trump is one of the ways they think they'll get that."
Rep. Maxwell Frost of Florida said the change appeared to be symptomatic of authoritarianism.
"It's not just about the legislation they pass, or what they push, but it creates this environment of fear and self-censorship, and a place where companies will begin to do the things he wants them to do without him forcing them to do it," he said, referring to Trump.
"They're surrendering essentially to implied threats by the government, which is very dangerous," Rep. Jerry Nadler of New York said.
Trump himself told reporters Tuesday that he believed Zuckerberg's changes at Meta were "probably" in response to previous threats Trump has made to the Meta chief executive, including to jail him.
Republicans: A good sign, but we'll see
Republicans offered more mixed reactions to Zuckerberg's decision, with some expressing skepticism while others saw it as a win. Sen. Ted Cruz of Texas told reporters at the Capitol that what the Meta CEO said "sounds good" but that the "proof will be in the pudding."
He also said he saw Zuckerberg's move as the product of both political positioning and a sincere evolution in his thinking.
"I've had multiple conversations with Mark on this topic," Cruz said, "and I will say, he had previously expressed an interest in protecting free speech."
Sen. Marsha Blackburn of Tennessee, meanwhile, called the decision a "ploy to avoid being regulated." For several years, she's been pushing a bill to increase social media protections for kids.
"Can any of us assume Zuckerberg won't return to his old tricks?" wrote Sen. Mike Lee of Utah on X.
Republican Rep. Randy Weber of Texas, meanwhile, wrote on X that it was "a great day for freedom of speech."
"It seems like Meta is finally taking a page from Elon Musk's playbook & letting Americans make decisions for themselves. It's about time Meta owned up to censoring Americans," he added.
Tech and business leaders react
In the tech and business world, some of Zuck's peers congratulated him and Meta on the move.
Musk said in separate tweets that the decision was "cool" and "awesome."
X CEO Linda Yaccarino called it "a smart move by Zuck."
"Fact-checking and moderation doesn't belong in the hands of a few select gatekeepers who can easily inject their bias into decisions. It's a democratic process that belongs in the hands of many," she wrote.
David Marcus, the former Meta exec in charge of the company's Libra cryptocurrency project, said the change marked a "massive step in the right direction towards free expression for Meta."
Other tech and business figures were more skeptical of the decision.
Yoel Roth, the former head of Twitter's trust and safety department, said, "Genuinely baffled by the unempirical assertion that Community Notes 'works.' Does it? How do Meta know? The best available research is pretty mixed on this point. And as they go all-in on an unproven concept, will Meta commit to publicly releasing data so people can actually study this?"
And in response to a message from Zuckerberg saying Meta will work with Trump to "push back against foreign governments going after American companies to censor more," Mark Cuban wrote on Bluesky: "Translation: Americans are going to see Tariffs on products from countries you believe censor Meta services as a means of pressuring them into removing any restrictions that impact your profitability in those countries. Also: You'll have carte blanche to take posts that no longer have restrictions, making them a more explicit representation, and train your AI Models."
Meta did not immediately respond to a request for comment.
BMW's New Tech Turns Your Car Into Your Digital Command Center
Joe Rogan Says Mexico Should Become US State With Canada
Palisades Fire Is 'Near Worst-Case Scenario,' Meteorologist Warns
Suspect in Gaudreau Brothers' Deaths Pleads Not Guilty to Homicide Charges
Who Is Joel Kaplan? Meta's New Policy Chief Already Shaking Up Washington
Medicare Bills Are Increasing: Here's Who's Impacted
Before MoviePass, Ted Farnsworth had a string of failed businesses. Here's a timeline, and why he's currently in jail.
- Ted Farnsworth is the former CEO of Helios and Matheson Analytics, which previously owned MoviePass.
- The documentary "MoviePass, MovieCrash" shows how he blew through hundreds of millions of dollars.
- He and former MoviePass CEO Mitch Lowe pleaded guilty to securities fraud.
In the HBO documentary "MoviePass, MovieCrash," Ted Farnsworth is the CEO of the publicly traded Helios and Matheson Analytics (HMNY) when the company takes a majority stake in the movie-theater-subscription startup MoviePass in 2017.
Under Farnsworth's watch, MoviePass became a sensation after he and then-CEO Mitch Lowe dropped the monthly subscription fee from $30 a month to $10. It led to millions of subscribers and the company being hailed as the Netflix of movie theaters. Farnsworth and Lowe touted themselves in the press as the masterminds behind it all.
The documentary β based on reporting by Business Insider βreveals the more complicated reality of the phenomenon, showing how MoviePass cofounders Stacy Spikes and Hamet Watt were pushed out of the company after the arrival of Farnsworth and Lowe.
With Farnsworth and Lowe at the helm, hundreds of millions of dollars were spent to not just keep the unsustainable $10-a-month plan going, but also on lavish parties at Coachella, and starting a movie production arm best known for releasing the 2018 movie "Gotti," a biopic on notorious crime boss John Gotti starring John Travolta that received a 0% critics' score on Rotten Tomatoes.
In 2020, both HMNY and MoviePass went bankrupt (Spikes has since relaunched MoviePass), and two years later, Farnsworth and Lowe were charged with securities fraud.
As the documentary shows, the crash of MoviePass is just one of many failed ventures of the 61-year-old Farnsworth. Business Insider reached out to Farnsworth for comment but didn't get a response.
Here's a rundown of many of those companies (some of which went bankrupt), what Farnsworth did after MoviePass, and why he's currently in jail.
Note: "MoviePass, MovieCrash" is based on Business Insider's award-winning reporting on the company.
Farnsworth's first major attention came when he ran the 900-number psychic network, which became famous thanks to its star promoter, La Toya Jackson.
A 1998 bulletin from the Federal Trade Commission noted the Psychic Discovery Network as a company that received more than 50 complaints in 1997. It had a total of 60.
Farnsworth tried to use the popularity of the Psychic Network and the dot-com boom to capitalize on the multitrillion-dollar agricultural business in the early 2000s with the site Farmbid.com.
A 2000 Wired story touted the company as a site that featured "farm auctions, links to wholesalers, a detailed weather center, and even a 'farm chat' area."
But the farming industry wasn't that into it. According to Sunbiz, the official Florida business registry, the company folded in less than a year.
Farnsworth founded the company XStream Beverage Network Inc. in 2001, touting it as "an emerging developer, marketer and distributor of new age beverages."
He tried to buy a European energy drink called Dark Dog, but that deal never closed, according to Bloomberg.
By 2007, he was able to buy Global Beverage, which had in its stable Rudy Beverages, founded by famed 1970s Notre Dame football player Daniel "Rudy" Ruettiger.
In November of that year, Farnsworth resigned as chairman of XStream, and its stock dropped 99%, according to Bloomberg.
Farnsworth's failure with XStream didn't stop him from trying another venture in the drink space. He became the CEO of Purple Beverage Co., touting an antioxidant-rich drink.
The stock for Purple Bev went as high as $3.24 in April 2008, according to Bloomberg, thanks partly to Farnsworth landing celebrity spokespeople like Chaka Khan and New York Yankees Hall of Fame pitcher Mariano Rivera. But by the time he resigned a year later, the stock had plummeted by 99%.
Farnsworth became the chairman of LTS Nutraceuticals Inc., a multilevel-marketing vitamin company. In 2011, it traded as high as $4.85. But by 2012, with Farnsworth running things, the stock fell 99%. It's unclear when he left the company because it didn't make periodic regulatory filings, according to Bloomberg.
In 2013, FedEx sued the vitamin company, saying it was owed $26,000. According to The Miami Herald, the judge ruled in FedEx's favor.
Over a decade after Farmbid, Farnsworth went back into the tech space with an app called RedZone Maps (through a company called Zone Technologies). The app flagged where crimes were being reported in a user's area.
A year later, Zone Technologies merged with Helios and Matheson to become publicly listed on the Nasdaq. That same year, Farnsworth was named CEO of HMNY.
Since its birth in 2011, MoviePass had been trying to figure out a monthly subscription price that attracted moviegoers and would make a profit. By 2017, the company was on the brink of running out of money when Farnsworth got connected with MoviePass' then-CEO, Mitch Lowe. A deal was made for HMNY to take a majority stake in MoviePass. By that summer, Farnsworth and Lowe dropped the price to $10 a month, and the rest is history. With a huge rise in subscribers for MoviePass, the HMNY stock initially soared. But by 2020, MoviePass and HMNY went bankrupt.
At the time of bankruptcy, the company said it was under pending investigations by the Federal Trade Commission, SEC, four California district attorneys, and the New York attorney general.
In 2021, Farnsworth and Lowe settled with the FTC and reached a $400,000 settlement with the California district attorneys.
After MoviePass' bankruptcy, Farnsworth quickly landed back on his feet by starting a media company called Zash in less than a year. He later merged it with the publicly traded company Vinco Ventures. He acquired a TikTok rival called Lomotif and even tried (unsuccessfully) to buy the National Enquirer.
By the end of 2022, Vinco stock had cratered and is now worth less than one cent.
In 2024, Business Insider reported on Farnsworth's business tactics while at Zash. They mirror how he operated at MoviePass and some other ventures over the decades: Get involved with a publicly traded company, help raise funding from his finance connections at favorable terms for them, drive up the company's stock with splashy announcements, and leave retail investors with big losses when the stock crashes.
In 2022, Farnsworth and Lowe were each charged with one count of securities fraud and three counts of wire fraud by the Department of Justice, which alleged the two "engaged in a scheme to defraud investors through materially false and misleading representations relating to HMNY and MoviePass's business and operations to artificially inflate the price of HMNY's stock and attract new investors."
Farnsworth has been in a Florida jail since August 2023.
During Farnsworth's time out on bail, he traveled from his home in upstate New York to Miami on multiple occasions without notifying his probation officer and was involved in a domestic incident that resulted in a restraining order, which he also didn't report, according to Bloomberg.
His bail was revoked in an August 2023 hearing. He's now in jail awaiting sentencing.
In January, Farnsworth pleaded guilty to defrauding investors in the movie-ticket subscription service MoviePass, the US Department of Justice announced.
This came on the heels of Lowe pleading guilty to securities fraud conspiracy in September 2024.
Farnsworth also pleaded guilty to a conspiracy charge for a second scheme related to a video-sharing platform he was involved with while under investigation for MoviePass.
January 7, 2025: This story has been updated to reflect new details.