(CNN Business)Today in business news: Snapchat flings itself into the Trump-Twitter battle, bike shops are racing to keep up with demand, and I see how many poultry puns I can reasonably squeeze into serious news about a scandal in the chicken world. Let's get into it.
Several senior executives in the chicken industry have been indicted for an alleged price-fixing conspiracy. Better cluck next time, I guess.
The four men named in the indictment allegedly participated in a "network of suppliers and co-conspirators" with the aim of fixing prices and rigging bids for chicken sales across the United States from 2012 to 2017.
OH SNAP !
Snapchat, the platform that was to 2016 what TikTok is to 2020, just sallied into the battle playing out between the Trump administration and the social media companies he can't seem to quit.
Trump's account will remain, but the decision to stop promoting his content goes further than similar moves by Twitter, which has added fact-checking links and warnings to posts but has not removed them. Facebook isn't doing any of the above -- and many users, including Facebook's own staff, are not happy about it.
BIKES: 'THE NEW TOILET PAPER'
Your gym is closed, the local running trails are crowded and you'll do just about anything to get out of your house and feel the wind in your hair. Solution: You need a bike!
Do you still have that bike you bought in 1994, the one you rode once and then parked behind boxes of holiday decorations and canned goods in the garage? No? Then it's time to buy a bike. If you can find one.
Everyone wants a bike right now, and it's not hard to see why. A good bike is, among other things:
"Bikes are like the new toilet paper," said one bike shop owner, who hasn't had a day off since February. "If it's available, buy it."
RED HOT FAANGS
Main Street is dealing with mass unemployment, riots in the streets and a devastating pandemic. Wall Street's pretty much shrugging off all of that, focusing instead on all the sweet easy money the Fed is providing.
Just to underscore the point: On Wednesday, the Nasdaq was in spitting distance of an all-time high, driven largely by a group of tech stocks ominously nicknamed FAANG that are doing just swell under quarantine. Why?