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GOOGL   2,036.98 (+0.15%)
TSLA   558.41 (-10.14%)
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Stores drop MyPillow after CEO pushes election conspiracies

Tuesday, January 19, 2021 | Joseph Pisani And Anne D'innocenzio

Donald Trump
In this March 30, 2020 file photo, My Pillow CEO Mike Lindell speaks as President Donald Trump listens during a briefing about the coronavirus in the Rose Garden of the White House, in Washington. Lindell, an avid supporter of President Donald Trump, who has continued to push the notion of election fraud since Trump lost to Joe Biden in the presidential election in November, said his products will no longer be carried in the stores of some retailers, including Bed Bath & Beyond and Kohl's. (AP Photo/Alex Brandon, File)

NEW YORK (AP) — The founder and CEO of MyPillow, who amplified President Donald Trump's claims of election fraud, said a backlash against his company has begun after a mob stormed the U.S. Capitol this month.

Mike Lindell, who appears in TV commercials hugging the company’s foam-filled pillows, said major retailers like Bed Bath & Beyond and Kohl’s have dropped his products recently.

Both companies confirmed the decision to cease carrying the brand Tuesday, but cited flagging sales rather than Lindell’s actions or his support for Trump.

“There has been decreased customer demand for MyPillow,” Kohl’s said in an email.

Lindell has continued to push bogus claims of election fraud since Trump’s loss to President-elect Joe Biden in the presidential race. MyPillow's logo was also prominently featured on TrumpMarch.com, a website that promoted the Jan. 6 events in Washington, in which rioters stormed the Capitol.

That has led people to flock to social media and put pressure on stores carrying MyPillow to drop the brand. Lindell said products have also been pulled from online furniture store Wayfair and Texas supermarket chain HEB. Neither company responded to a request for comment.

“They’re succumbing to the pressure from these attacks,” Lindell said in an interview with The Associated Press. “I’m one of their best-selling products ever. They’re going to lose out. It’s their loss if they want to succumb to the pressure.”

Lindell said he doesn’t regret his election claims or his support of Trump, who he said he first met in 2016.

“I stand for what’s right,” said Lindell, who created the MyPillow in 2004 and built the business in Chaska, Minnesota, southwest of Minneapolis. “I’m standing firm.”

Aside from the retail pressure, Lindell is also facing potential litigation from Dominion Voting Systems for his accusations that their voting machines played a role in election fraud. The Washington Post reported that Dominion sent Lindell a letter earlier this month stating that they would pursue legal action against him.

Lindell said he's conducted his own investigation into the voting machines and hopes Dominion will file its suit quickly so that “all the evidence can come out.”

Asked if he played a role in the insurrection of the Capitol, Lindell said he didn’t support it at all.

“What are you talking about? I wasn’t even there," he said before abruptly ending the call. “I have to get on another show. Now our conversation ends.”

___

AP Business Writer Michelle Chapman in New York contributed to the report.


7 Cryptocurrencies That Are Leading The Market Higher

An Influx Of Capital Is Driving Cryptocurrency Higher

There is an influx of money to the cryptocurrency market that is driving the entire complex higher. Not only is institutional interest peaking but recognition and use are on the rise as well. With Bitcoin setting new all-time highs 100% above the 2017 highs the number of new Bitcoin millionaires is on the rise too.

But Bitcoin is not the only cryptocurrency on the market today by far. The number of cryptocurrencies on the market has been growing steadily with more than 4,000 listed on Coinmarketcap alone. But that doesn’t mean they are all worth your time. Many if not most will not stand the test of time.

One way to judge the market’s interest in a cryptocurrency is its market performance gains. A cryptocurrency that is gaining in value is certainly one that you may want to own. The better method of judging the market’s interest in a cryptocurrency is the market cap. The cryptocurrency market is worth upwards of $1 trillion and growing, and most of that value is centered in the top seven. Together, the bottom 3,993 odd cryptocurrencies only account for 12% of the market and have yet to prove any lasting value.

View the "7 Cryptocurrencies That Are Leading The Market Higher".

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