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Texas Attorney General Investigates StubHub Ticket Issues

Catch up on the weekend's top five stories with this list compiled by The Fly: 1) Texas Attorney General Ken Paxton announced an investigation into StubHub (STUB) over widespread reports that the company is cancelling or failing to provide World Cup tickets that fans have purchased. Since the 2026 FIFA World Cup kicked off, fans across the country have reported that StubHub cancelled their tickets days or even hours before kickoff. StubHub has blamed the cancellations on "transfer problems" tied to FIFA's ticketing platform, but "consumer complaints point to a broader pattern often called "ghost ticketing," in which sellers list tickets they do not actually possess, collect payment, and then cancel when they cannot deliver," the Attorney General said. 2) Continental (CTTAY) announced the sale of its ContiTech group sector to an affiliate of Lone Star Funds for EUR 4B. The transaction also includes performance-based components of up to EUR 250M in subsequent years. The sale of its industrial business is the final step in Continental's realignment. Once completed, the DAX-listed company will become a pure-play tire manufacturer for the first time in its history. The transaction is subject to regulatory approval. After taking into account transferred net liabilities, particularly pension and leasing commitments, Continental expects a cash inflow from the transaction of around EUR 3.1B. Around EUR 2.5B is expected to be used for a special dividend or for a combination of a special dividend and share buybacks. Lone Star Funds will take over all of ContiTech's business operations worldwide. 3) SK Telecom (SKM) announced that it will pursue the construction of an AI data center with a scale of up to 15GW. The goal is to become an AI infrastructure hub in Asia. "The move is intended to preemptively build domestic AI computing infrastructure at a time when demand for AI model training and inference is surging and high-performance computing infrastructure determines national competitiveness," the company said. 4) Alarum Technologies (ALAR) announced the following update. Further to the Company's announcements dated July 2 and July 3, 2026, the Company continues to investigate the recent incident affecting certain aspects of NetNut Ltd's network. As part of this ongoing investigation, and as a precautionary operational measure, the Company has decided to temporarily pause traffic through the relevant network services for several days. This step is intended to enable the Company to investigate the incident, assess the affected infrastructure, determine whether any malicious activity occurred, and implement any measures the Company determines are appropriate before resuming normal operations. The Company believes that temporarily pausing traffic through the relevant network services is the most responsible course of action while the investigation is ongoing. As a result of this temporary operational measure, the availability of the Company's services will be significantly reduced during this period. 5) On social media platform X, Tesla (TSLA) Robotaxi posted, "What's up with Miami? Robotaxi now available in Miami."

Alarum Technologies Updates on Proxy Network Incident

Alarum Technologies provided a further update to its announcement issued on July 2, 2026 regarding recent reports concerning its proxy network operations. As previously disclosed, on July 2, 2026, the Company and its subsidiary, NetNut, became aware that certain domains associated with NetNut had been seized by the U.S. Federal Bureau of Investigations. Since that announcement, the Company has continued to analyze the incident and additional domains associated with NetNut have also been seized. As a result of these developments, the Company is currently experiencing disruptions to a portion of its services. If these disruptions continue for an extended period, they are likely to have a material adverse effect on the Company's operations, financial results and its ability to provide certain services to its customers. The Company itself is continuing to investigate whether its network or services have been used for malicious, fraudulent or unlawful purposes by third parties. Alarum takes this matter seriously and will fully cooperate with law enforcement to ensure any misuse of its infrastructure is thoroughly investigated and those responsible are held to account.

Alarum Technologies Updates on Proxy Network Operations

Alarum Technologies provided a further update to its announcement issued on July 2 regarding recent reports concerning its proxy network operations. "As previously disclosed, on July 2, 2026, the Company and its subsidiary, NetNut Ltd., became aware that certain domains associated with NetNut had been seized by the U.S. Federal Bureau of Investigations. Since that announcement, the Company has continued to analyze the incident and additional domains associated with NetNut have also been seized. As a result of these developments, the Company is currently experiencing disruptions to a portion of its services. If these disruptions continue for an extended period, they are likely to have a material adverse effect on the Company's operations, financial results and its ability to provide certain services to its customers. The Company is devoting substantial resources to investigating the circumstances surrounding these events and is working intensively to obtain additional information regarding the nature and scope of the incident. As of the date and time of this press release, neither the Company nor NetNut has been formally contacted by the FBI or any other governmental or regulatory authority in connection with these matters. The Company itself is continuing to investigate whether its network or services have been used for malicious, fraudulent or unlawful purposes by third parties. Alarum takes this matter seriously and will fully cooperate with law enforcement to ensure any misuse of its infrastructure is thoroughly investigated and those responsible are held to account," the company stated.