![]() ![]() ![]() Subject to final court approval of the settlement of the Benson v DoubleDown Interactive LLC et al lawsuit, IGT and DoubleDown have also resolved all indemnification and other claims between themselves and their respective subsidiaries and affiliates relating to the case. IGT said that under the terms of the settlement, all members of the class action who do not exclude themselves will release all claims relating to the subject matter of the lawsuit. IGT will contribute $269.8m and DoubleDown $145.25m into a $415m settlement fund. In 2012, The Verge, notably, reported in their own examination of the phrase that doubling down had “become the go-to phrase for tech CEOs when they want to allay fears that their company is flagging,” dubbing it “the most meaningless phrase in tech.IGT and DoubleDown, which it sold to DoubleU Diamond in June 2017, have now announced that they will settle this lawsuit. Double down has also developed special associations in the tech sector. The name is a tongue-in-cheek nod to the outrageousness of such a food item. Perhaps picking up on this, KFC introduced in 2010 its Double Down sandwich. At this time, it seemed to be used synonymously with “to work twice as hard.” In November of that year, AOL.com declared double down its “buzzword of the week,” noting that the term had been “a popular boardroom buzzword” before beginning to spread through politics, communications, and media. By at least the 1990s, the gambling sense of double down extended as a metaphor to a more general sense of “engaging in risky behavior.”ĭouble down started evolving in the 2000–10s away from “taking risks” toward an “impassioned commitment to a cause.” The verb phrase saw an extreme peak in Google trends in April 2010. The phrase is found in a book on card-playing by noted magician John Scarne in 1949. In its original context of the card game blackjack, double down describes a strategy wherein a player who is confident in their hand chooses to double their bid. ![]()
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