Apple Watch sales have fallen almost 90% since the device hit shelves. Some are mulling the potential that Apple Watch is a bust, with only 38% of reviewers giving it a thumbs-up. While contributor Gene Marks sees similarities with the Google Glass crackup, he says Apple Watch's potential fail is much worse. First, Apple Watch is not an experiment, but a huge market launch with huge marketing spend; and second, it isn't revolutionary or even that innovative.

Hillary Clinton, while laying out her economic platform, said companies like Uber that rely on contract labor, is not part of it. She says the on-demand economy commits wage theft. Workers, she argues, should be employees. Republican Sen. Rand Paul Twitter-blasted her over her questioning the economic model of the "gig" economy.

Among the likely reasons Ellen Pao left Reddit as interim CEO is that it's a non-starter for marketers. She said she couldn't meet revenue goals set by the board because the business depends on advertising. Though 160 million people post on the bulletin board-type setup, advertisers won't drink from a toxic sub-Reddit soup of vitriol, pot shots, sexism, racism and just general hatred.

Net income at Yum! Brands Inc. fell 30% in the second quarter ended June 13, the company said on Tuesday, blaming weakness in China. The company said that net income in the period was $235 million, down from $334 million in the same period a year before. Yum CEO Greg Creed said that China sales are expected to recover in the second half of the year as the Louisville, Ky.-based company continues to distance itself from health scares in the country.

Cathay Pacific announced three new directorial positions. Among them, Julian Lyden is appointed as its new general manager of marketing, loyalty programs and CRM. Lyden takes over from Simon Large, who will become director of cargo. Lyden's previous role was overseeing revenue for North America, Southeast Asia & India. The Hong Kong-based airline announced the changes in CX World, a monthly magazine for staff.

American Airlines has launched a review of its global advertising and media accounts. The carrier, with AAR helping in the review, hopes to make a decision by the end of the year. The airline has worked with McCann Worldgroup agencies for more than 20 years. In the U.S. American Airlines works with McCann Erickson and sibling Dallas-based TM. Universal McCann handles American Airline's media account outside the U.S. In the UK, Universal McCann Manchester has the business.

After the quiet period post IPO, analysts are effusive on Fitbit, flooding the grapevine with praise. And that has helped the company's stock price. The company owns 85% of the U.S. market, up from 59% just two years ago. Analysts say Fitbit is in pole position for wearables, which is only going to get bigger. IDC says consumer spending is growing faster on wearables than any other consumer electronics segment.

CKE Restaurants Holdings Inc., parent of both Carl's Jr., and Hardee's, has promoted Eric Williams to the newly created position of chief operating officer. Williams was previously EVP of operations for Carl's Jr., a position he had held since August 2011. Previously, Carl's Jr. and Hardee's each had an executive vice president of operations. The chains merged ownership in 1997, when Carl's Jr.'s parent company purchased Hardee's.

Hormel's spiced ham brand Spam is getting a redux at Taste of Chicago this weekend. The brand will have a Spamerica food truck, free samples and some recipes by celebrity chefs. Celebs and chefs, like Food Network host Sunny Anderson, will appear at such events as Taste on Friday to cook Spam recipes. Chicago is the last stop of a national tour for the Spam truck, which spanned 12 cities over three months.

Whataburger is the latest chain to give the middle trigger finger to Texas' antediluvian open-carry law. With that announcement the chain, with 780 locations in 10 states, has raised the ire of people who think guns should be seen, and then heard. People in Texas who argue that guns have rights too plan boycotts. Whataburger president and CEO Preston Atkinson counters that employees and customers are "uncomfortable being around someone with a visible firearm."