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5 times entire towns were found buried

Derinkuyu, Turkey's underground city.
Derinkuyu, Turkey's underground city.

Wirestock Creators/Shutterstock

  • 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.

Ice-penetrating radar recently captured an image of a frozen town in Greenland.
A plane wing over clouds and a radar image of a structure under the ice
NASA's Chad Greene captured a radar image of Camp Century buried under Greenland's ice.

Michala Garrison and Jesse Allen/NASA Earth Observatory ; Chad Greene/NASA/JPL-Caltech

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.

Camp Century was a military base that was supposed to operate as a small town while holding Cold War secrets.
A tunnel in snow with tire tracks leading into it
Camp Century was located under the ice, and accumulating snow has only buried it deeper.

Pictorial Parade/Archive Photos/Getty Images

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.

Army officials thought Camp Century would remain buried forever, but that now seems unlikely.
Men in winter gear put up support structures in a tunnel
Workers constructing Camp Century in 1959.

US Army/Pictorial Parade/Archive Photos/Getty Images

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.

Lidar data helped researchers find thousands of Maya structures in Mexico.
A strip of lidar showing structures beneath a canopy of leafy trees
Lidar helped reveal hidden structures beneath the trees in Mexico.

Luke Auld-Thomas/Tulane University

Luke Auld-Thomas was deep in a Google search when he hit the jackpot … 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.

The researchers were surprised to find one of the most densely populated settlements at the time.
Lidar images of bumpy structures with labels including ballcourt, dam, and houses
Lidar images of Valeriana, a hidden city in Mexico.

Luke Auld-Thomas/Tulane University

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.

Scientists still haven't visited Valeriana.
A stone structure with steps that are crumbling
A Maya pyramid in the Mexican state of Campeche that may be similar in style to the Valeriana site.

Andrea Sosa/Picture Alliance via Getty Images

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 Nevada drought uncovered a ghost town.
A side-by-side image of Lake Mead in 2000 and 2022 showing how much it's shrunk over the years
Lake Mead in 2000 and 2002.

Lauren Dauphin/NASA Earth Observatory ; US Geological Survey

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.

A small town had to make way for the Hoover Dam.
A hand holds a photo of a building in front of its steps with the rest of the building missing
Many of St. Thomas' buildings are now gone.

National Park Service

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 is a symbol of climate change.
Remains of a building in the drying up Lake Mead
The remains of St. Thomas with the ruins of the Hannig Ice Cream Parlor in the distance in 2015.

Ethan Miller/Getty Images

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.

Archaeologists found a limestone cave leading to an enormous underground city in Turkey.
A large hole in the ground with workers standing in and near it in a building's courtyard
Workers outside the Matiate archaeological site in Midyat in southeastern Turkey.

Yasin Akgul/AFP via Getty Images

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.

As many as 60,000 people may have lived in the city.
A man in shadow shows a figure carved into a cave wall
Mervan Yavuz shows figures carved inside the Matiate archaeological site.

Yasin Akgul/AFP via Getty Images

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."

Tourists may start visiting the underground city soon.
A worker in an orange vest and a person in a plaid shirt inside caves that used to be dwellings
Workers have found many artifacts in the Matiate archaeological site.

Yasin Akgul/AFP via Getty Images

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.

Disappearing chickens helped a farmer locate the underground city of Derinkuyu.
Derinkuyu, Turkey's underground city.
Derinkuyu, Turkey's underground city, has vents for airflow.

LiskaM/Shutterstock

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.

The region's stony spires hide 18 levels of living space connected by tunnels.
Derinkuyu, Turkey's underground city.
Derinkuyu may have helped thousands of people find refuge over the centuries.

Pakhnyushchyy/Getty Images

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.

Derinkuyu is now a tourist draw.
People gather at the opening of a cave with stairs leading down
Tourists explore a passage in the Derinkuyu underground city in Turkey in 2022.

Omar Haj Kadour/AFP via Getty Images

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.

Read the original article on Business Insider

200-acre brush fire erupts in affluent Pacific Palisades neighborhood of Los Angeles, prompting mandatory evacuations

giant grey clouds of wildfire smoke above santa monica
Smoke from the Palisades Fire rises above Santa Monica.

ALERTCalifornia | UC San Diego

  • 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.

Read the original article on Business Insider

Business leaders and lawmakers react to Meta's content moderation changes

Mark Zuckerberg attending the UFC 300 event in Las Vegas; Elon Musk attending the annual Breakthrough Prize ceremony in Los Angeles.
Mark Zuckerberg took a page from Elon Musk's playbook in announcing Meta is moving to a community notes model of content moderation.

Jeff Bottari/Zuffa LLC via Getty Images; Steve Granitz/FilmMagic via Getty Images

  • 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.

Read the original article on Business Insider

Before MoviePass, Ted Farnsworth had a string of failed businesses. Here's a timeline, and why he's currently in jail.

Ted Farnsworth in a tuxedo
Ted Farnsworth

Jamie McCarthy/Getty

  • 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 β€”reveals 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.

Mid-1990s: Farnsworth ran the Psychic Discovery Network, promoted by La Toya Jackson, that received more than 50 complaints from the FTC
La Toyla Jackson on a couch in a red coat
La Toyla Jackson.

Eric Robert/Sygma/Getty

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.

2000: Auction site Farmbid.com lasts less than a year
farm

James.Pintar/Shutterstock

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.

2001: He gets into the beverage space with XStream

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.

2007: Farnsworth becomes CEO of Purple Beverage
Ted Farnsworth standing next to Mariano Rivera
(L-R) Ted Farnsworth and Mariano Rivera.

Gary Gershoff/WireImage/Getty

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%.

2012: He oversees a vitamin company that flatlines within a year and is sued by FedEx

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.

2016: Farnsworth’s Zone Technologies merges with HMNY to become publicly listed on the Nasdaq

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.

2017: HMNY acquires a majority stake in MoviePass
MoviePass

Hollis Johnson/Business Insider

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.

2021: Less than a year after MoviePass' bankruptcy, Farnsworth founds Zash Global Media and Entertainment

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.

2022: Farnsworth is charged with securities fraud related to his time at MoviePass
MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth.
(L-R) MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth.

MoviePass/Reuters

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."

2024: Farnsworth sits in jail

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.

2025: Farnsworth pleads guilty to defrauding investors
Ted Farnsworth
Ted Farnsworth.

Jamie McCarthy/Getty Images for EJAF

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.

Read the original article on Business Insider

How FIFA corruption actually works, according to a soccer whistleblower

Bonita Mersiades is a FIFA whistleblower and a former head of corporate and public affairs at Football Australia. She played a key role in Australia's bid to host the 2018 and 2022 FIFA World Cups, a bidding season at the heart of a major FIFA corruption scandal that led to the indictment of 14 officials and executives.

After she was fired in 2010, Mersiades became a prominent whistleblower and helped expose "the FIFA way," the culture of bribery and corruption within FIFA. Her efforts contributed to investigations that led to high-profile FIFA arrests in 2015. She is the author of "Whatever It Takes: The Inside Story of the FIFA Way" and the founder of Fair Play Publishing, a company specializing in nonfiction stories about football.

Mersiades speaks with Business Insider about the ongoing culture of corruption within FIFA, the controversial 2018 and 2022 selections of Russia and Qatar, and the history of misconduct and misogyny within the world of football. She speaks about the future of the World Cup tournament, which has been awarded to Saudi Arabia for 2034.

For more: https://www.amazon.com.au/Whatever-Takes-Inside-Story-FIFA/dp/1925914682

Read the original article on Business Insider

Meet Rebecca Yarros, the bestselling author of 'Fourth Wing' taking romantasy by storm

A side-by-side of "Onyx Storm" and Rebecca Yarros.
Rebecca Yarros wrote "Fourth Wing."

Rebecca Yarros/Red Tower Books

  • Rebecca Yarros is best known for writing "Fourth Wing."
  • The third book in her romantasy series will be released on January 21.
  • Yarros has already published over 20 novels, and two are being adapted into shows and films.

Rebecca Yarros has been busy for the past two years.

Since January 2023, Yarros, 43, has become a household name thanks to her bestselling novelΒ "Fourth Wing"Β and its sequel,Β "Iron Flame."

She also released two titles unrelated to "Fourth Wing" and had two of her works optioned for screen adaptations while raising six children with her husband, Jason.

The third book in the "The Empyrean" series, "Onyx Storm," will hit bookshelves on January 21, and readers are on the edge of their seats to see how dragon rider Violet Sorrengail's story will continue.

Ahead of its release, take a look back at the prolific author's career, from writing her first novel to hitting The New York Times bestseller list with her romantasy debut.

The military defined much of Rebecca Yarros' early life

Both of Yarros' parents were lieutenant colonels, so she moved around frequently during her childhood, as she told The New York Times.

Yarros shared on her website that she enrolled in the University of Colorado, Colorado Springs, for college, where she had a vocal scholarship. When she was 19, she met Jason Yarros at a karaoke bar. The New York Times reported that he was a private in the Army at the time.

A headshot of Rebecca Yarros.
Rebecca Yarros.

Rebecca Yarros/Red Tower Books

The couple tied the knot in 2002, and Yarros dropped out of school when they were expecting their first child shortly after they got married.

Yarros and her husband have six children, including their adopted daughter Audrey-Grace, who inspired them to found the nonprofit One October. Today, the couple lives in Colorado, and they have a cat, two dogs, and two chinchillas in addition to their children.

Yarros published her first book in 2014

Yarros got her degree in history and English from Troy University online while she was raising her children.

Her husband Jason continued to serve in the military until 2019, and he was deployed to Iran and Afghanistan multiple times throughout their marriage.

The "Fourth Wing" author told the Times that she started reading romance books and writing them at night when she developed insomnia after her husband was injured during one of his deployments.

She first wrote an urban fantasy in 2011 but couldn't sell the book. Then, in 2014, Entangled Publishing released her debut novel "Full Measures," the first installment in the "Fight & Glory" series.

Since then, Yarros has published over 20 books, and many of her works are inspired by the role the military played in her life.

However, none gained the traction "Fourth Wing" did when it was released in 2023.

'Fourth Wing' changed everything

In 2020, Yarros and four of her children were diagnosed with Ehlers-Danlos syndrome after she started passing out frequently and getting migraines, The Times reported. The rare group of genetic disorders weakens the body's connective tissues and can cause an array of health problems.

The diagnosis helped inspire Yarros to write "Fourth Wing," which Entangled's burgeoning romance imprint, Red Tower, published in April 2023.

In the novel, 20-year-old Violet Sorrengail's mother forces her to enter the Rider's Quadrant at Basgiath War College to train to be a dragon rider, even though she spent her life preparing to become a Scribe.

"Fourth Wing" by Rebecca Yarros
"Fourth Wing" by Rebecca Yarros.

Amazon

Violet not only hasn't been preparing to be a Rider, but her medical condition β€” which isn't named in the novel but Yarros confirmed on Instagram is Ehlers-Danlos β€” makes training more risky for her than her classmates. Plus, many of her peers have it out for Violet, as they are the children of the Rebels her mother helped destroy.

But Violet proves surprisingly powerful, and her success at the school brings her closer to Xaden Riorson, the son of a rebel and someone she never expected to fall for.

"Fourth Wing" became an instant New York Times bestseller and BookTok sensation, finding an eager audience as the romantasy genre, which blends romance and fantasy, grew in popularity.

Red Tower published the second book in "The Empyrean" series, "Iron Flame," in October of 2023, just six months after "Fourth Wing" came out. It was a massive success despite a messy rollout, with the books selling over 1 million copies combined in the first half of 2024 alone, according to Publisher's Weekly.

Yarros isn't slowing down anytime soon

The third installment of "The Empyrean" series, "Onyx Storm," will be released on January 21. Yarros is attending a midnight release party for the book at Barnes & Noble The Grove in Los Angeles to celebrate.

The author has started sharing snippets of the book on her Instagram, hinting at how Violet and Xaden's story will continue.

Yarros plans for the series to have five books in total, and she is still publishing titles unrelated to Violet's world amid the rollout of "The Empyrean" series. Indeed, Yarros published "Variation," a contemporary romance, in November 2024.

In addition to writing books, the author will be busy with adaptations of her works in the coming years.

Amazon MGM Studios bought the rights to "The Empyrean" series and already started working on making a TV show based on "Fourth Wing," as Deadline reported in October 2023. Michael B. Jordan's Outlier Society will produce the show, with Yarros serving as an executive producer. Moira Walley-Beckett, who produced "Breaking Bad" and "Anne with an E," will be the showrunner.

Casting has yet to be announced for the series, nor has a release date. In a clip of a Q&A shared on TikTok, Yarros said she doesn't have control over casting, though she made clear to the team working on the project that she doesn't want Xaden to be whitewashed.

"They know how staunch I am against whitewashing Xaden," she said. "I think that's the biggest thing."

In the series, Xaden is described as having "warm tawny skin," dark hair, and stubble.

The Hollywood Reporter also revealed in October that Yarros' 2023 novel "In the Likely Event" is being adapted into a Netflix film by Lindsey Ferrentino. Yarros will be an executive producer on the project as well.

Red Tower and Yarros have not announced a release date or title for the fourth "Empyrean" book, though it likely won't come out too far in the future given the author's rapid writing pace.

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Panera is the latest restaurant chain to announce a management shake-up

Panera Bread.
Panera CEO JosΓ© Alberto DueΓ±as stepped down on Tuesday.

Scott Olson/Getty Images

  • The parent company of fast-casual chain Panera Bread has a new CEO.
  • The restaurant has undergone a menu overhaul and seen lawsuits over highly caffeinated beverages.
  • It's the latest in a series of leadership switches at restaurant chains over the past 12 months.

The parent company of fast-casual chain Panera Bread is getting a new chief executive, the latest in a series of CEO transitions at major restaurant chains.

Panera Brands said Tuesday that current CEO JosΓ© Alberto DueΓ±as, who has held the job for the last 1 Β½ years, would step down immediately but remain as a "special advisor" to the new CEO until the end of March. Paul Carbone, Panera's CFO, will serve as interim CEO as the company looks for a permanent leader.

"I am immensely proud of leading Panera during this transformative period for the Company," DueΓ±as said. Panera Brands includes the eponymous chain as well as Caribou Coffee and bagel chain Einstein Bros.

DueΓ±as joined Panera in mid-2023, with the chain describing his appointment as its "next generation of CEO leadership and Board governance in preparation for its eventual IPO." While the company reportedly filed confidentially to go public in late 2023, it has yet to list.

DueΓ±as also oversaw the Panera chain's "largest menu transformation ever" in 2024, which included more focus on items like mac and cheese and sandwiches and bigger portion sizes.

The menu changes also eliminated Panera's Charged Sips range of beverages, which contained high levels of caffeine. The drinks were the subject of multiple lawsuits, which alleged that they left some customers with permanent injuries and problems such as body shakes.

The executive change at Panera is the latest of several CEO switches at major restaurant chains over the past year amid a tough consumer spending environment for brands from McDonald's to Nike.

Brian Niccol, formerly the CEO of Mexican grill chain Chipotle, took over the top job at Starbucks in September in an abrupt end to former CEO Laxman Narasimhan's time in the role. Starbucks has reported falling sales in key markets, including the US and China, for much of the past year.

Scott Boatwright, previously Chipotle's COO, took over as interim CEO in August.

Meanwhile, former P.F. Chang's CEO Damola Adamolekun has helmed Red Lobster since September, the same month that the seafood-focused chain emerged from bankruptcy.

Subway CEO John Chidsey retired at the end of 2024, the year after he oversaw the sandwich chain's sale to private equity firm Roark Capital in a deal worth about $9 billion.

Do you work at Panera and have a story idea to share? Reach out to this reporter at [email protected]

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Former MoviePass executive Ted Farnsworth pleads guilty to defrauding investors

Ted Farnsworth in a tuxedo
Ted Farnsworth.

Jamie McCarthy/Getty

  • Ted Farnsworth pleaded guilty to defrauding investors in MoviePass and Vinco.
  • Farnsworth has been in prison since August 2023.
  • MoviePass's $10 plan led to its popularity but was unsustainable, causing bankruptcy.

Ted Farnsworth pleaded guilty on Tuesday to defrauding investors in the movie-ticket subscription service MoviePass, the US Department of Justice announced. He bought the company in 2017 while CEO of Helios and Matheson Analytics (HMNY).

Farnsworth, 62, 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.

Farnsworth has been in federal custody since August 2023.

"Farnsworth was anxious to accept responsibility for his conduct," Farnsworth's lawyer, Sam Rabin, told Business Insider in a statement. "The most important step in doing that was to plead guilty to the crimes with which he is charged. He did that today."

The Department of Justice charged Farnsworth and then MoviePass CEO Mitch Lowe with securities fraud in 2022. The DOJ alleged that Lowe and Farnsworth "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."

The DOJ also recently charged Farnsworth and others with using "the same strategy to defraud" investors in Vinco Ventures, another publicly traded company.

MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth.
MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth.

MoviePass/Reuters

Lowe, the former MoviePass CEO, pleaded guilty to securities fraud conspiracy in September 2024.

The rise and fall of MoviePass

In 2017, HMNY became the parent company of MoviePass. Farnsworth and Lowe launched a $10-a-month plan that made the service very popular. As subscriptions soared into the millions, HMNY's stock skyrocketed.

However, the $10 plan β€” which allowed subscribers to see a movie a day in theaters β€” was not sustainable, and the company burned through hundreds of millions of dollars. By 2020, both MoviePass and HMNY went bankrupt.

MoviePass founder Stacy Spikes, who was ousted by Lowe and Farnsworth from MoviePass in 2018, bought back the company in 2021.

MoviePass β€” under Spikes' leadership β€” is currently available nationwide.

The story of the rise and fall of MoviePass is chronicled in the documentary "MoviePass, MovieCrash," which was released in May and is based on BI's award-winning reporting.

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Internal Amazon list shows more than 40 office locations where its five-day RTO plan is delayed

Amazon CEO Andy Jassy
Amazon CEO Andy Jassy

Reuters; SEBASTIEN BOZON/AFP via Getty Images; Chelsea Jia Feng/BI

  • Amazon delayed its full RTO plan in some locations due to insufficient office space.
  • An internal list shows the where Amazon employees will work three days a week until space is ready.
  • The list shows more than 40 locations where the full five-day RTO policy is delayed.

Amazon delayed its five-day return-to-office plan in some locations due to a lack of space, as Business Insider recently reported.

An internal Amazon list viewed by Business Insider shows where employees are being asked to continue following the company's previous policy, requiring only three days a week in the office.

The locations include major tech hubs such as Santa Clara, Austin, Beijing, Shenzhen, and Bangalore.

Amazon's original guidance required employees to work from the office five days a week, beginning January 2. An Amazon spokesperson told BI on Tuesday that buildings were ready for a majority of employees on that day.

The company's real estate team late last year started notifying employees that they could continue following their current in-office guidance until workspaces were ready, with delays stretching to as late as May, according to internal Amazon notifications viewed by BI.

The company has said the return to office will improve collaboration and bring other benefits. CEO Andy Jassy, in a memo announcing the mandate, said Amazon made the decision to "further strengthen" its culture and teams.

Here are more of the Amazon locations where employees are being told to continue working three days a week in the office:

Raleigh, Annapolis Junction, Baltimore, Columbia, Austin, Cupertino, Irvine, Nashville, Boulder, Charlotte, Houston, Jersey City, Newark, Atlanta, Dallas, East Palo Alto, Mexico City, Santa Clara, Sao Paulo, Tampa, Miami, Brooklyn, Columbus, New York, Sacramento, Hamburg, Munich, Tel Aviv, Amman, Milan, Cairo, Madrid, Barcelona, Berlin, Dubai, Istanbul, Beijing, Hyderabad, Shenzhen, Bangalore, Mumbai, and Shanghai.

Are you a tech-industry employee or someone else with insight to share?

Contact the reporter, Ashley Stewart, via the encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]). Use a nonwork device.

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