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☆ How retailers like Best Buy, T.J. Maxx and Home Depot quietly target 'problem' returners
▼ + stars: | 2024-05-10 | by ( Devan Burris | ) www.cnbc.com time to read: +3 min

Many large retailers in the U.S. have long been engaged in the practice of quietly tracking and targeting return behavior. According to a report by The Wall Street Journal, U.S. retailers use third-party loss-prevention services to track risky return behavior. This doesn't outright mean fraudulent activity, but rather behavior that "mimics" or could be linked to such behavior. The most notable third-party loss-prevention service is The Retail Equation, a software provider that tracks return behavior that retailers deem potentially fraudulent. According to several now-dismissed lawsuits and Better Business Bureau complaints, customers reported they were following a store's return policy and were still issued a warning.

Persons: Robert Overstreet Organizations: Walmart, Staples, National Retail Federation, Iowa, Wall Street Journal, Better Locations: U.S, T.J.Maxx

Berkshire Hathaway Chairman and CEO Warren Buffett on Saturday addressed losses tied to bets on Paramount Global , as well as his reasoning behind slashing the company's Apple stake by 13% . Buffett opined that trimming the company's stake in Apple was in part due to tax reasons after the stock roared in 2023. Coca-Cola, Apple Buffett said Apple and Coca-Cola will remain premier holdings in Berkshire's portfolio. American Express The "Oracle of Omaha" highlighted credit card firm American Express as another favorite, noting the company's growing position in the consumer credit sector. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, Buffett, we've, Apple Buffett, BYD Buffett, Charlie Munger, Charlie, BYD, Munger, Cash, Treasurys Buffett, Greg Abel Organizations: Berkshire Hathaway, Paramount Global, Apple, Paramount, Express, American Express, Oracle, American, Costco, Berkshire, CNBC Locations: Omaha, Costco . Berkshire, Omaha , Nebraska

☆ Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
▼ + stars: | 2024-05-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +9 min

That's about four times bigger than Berkshire's second-biggest public stock holding, Bank of America , and makes the company the No. The bet on Apple and CEO Tim Cook has paid off handsomely for Buffett, who said in 2022 that the cost of Berkshire's Apple stake was only $31 billion. "So I called up Warren Buffett. "It's kind of more like an annuity and I think that's what Warren Buffett really sees as well." "When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said in 2018.

Persons: Tim Cook, Warren Buffett, Berkshire Hathaway, behemoth, Buffett, He's, Cook, Apple, Warren, Ted Weschler, it's, Dan Eye, Buffett hasn't, Bernstein, Toni Sacconaghi didn't, Sacconaghi, Clayton Organizations: Warren Buffett Getty, CNBC, Berkshire, Apple, Bank of America, Buffett, Consumer Intelligence Research Partners, iPhone, Washington Post, Oracle, Fort Pitt Capital Group, Microsoft, The, Apple Watch, DOJ, Clayton Homes Locations: Omaha , Nebraska, Berkshire, Omaha, Cupertino , California, U.S

☆ Microsoft and Alphabet just proved AI boom has room to run
▼ + stars: | 2024-04-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Microsoft and Alphabet reported quarterly earnings that beat Wall Street's expectations. On Thursday, just off the heels of Meta's mixed first-quarter results that caused a dip on Wall Street, Microsoft and Alphabet just proved that there's money to be made off of artificial intelligence. However, the executive also made sure to highlight the contributions of Google Cloud, which now comes with generative AI services through Google's AI model, Gemini. Investors appeared pleased with Microsoft's and Alphabet's quarterly performance, which gave the companies a stock surge, as Wall Street continues to nurse a hangover from Meta's first-quarter report. "They have a goldmine of AI engineers and data, and now they're starting to monetize it," Ives said of Alphabet and Microsoft.

Persons: Wedbush's Dan Ives, —, Meta's, Sundar Pichai, Mercedes, Pichai, Ruth Porat, Satya Nadella's, Nadella, Microsoft's, Dan Ives, Ives Organizations: Microsoft, CNBC, Service, Google, Bayer, Cintas, Mercedes Benz, Walmart

☆ At 31 songs, Taylor Swift's new album is way too long. Is the streaming era to blame?
▼ + stars: | 2024-04-19 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Taylor Swift released "The Tortured Poets Department: The Anthology" on Friday. AdvertisementTaylor Swift's album release days should be days of celebration. "In the past 3 hours she has released more songs than Lorde has in the past decade," one listener observed on X. Indeed, "The Tortured Poets Department" is Swift's eighth album (including rerecords) in less than four years. Of course, Swift is far from the only artist who's released a bloated project, and these days, the streaming era is largely to blame.

Persons: Taylor Swift, Swift, it's, —, Taylor, I'd, Lorde, That's, Clara Bow, I've, haven't, Rihanna, there's, who's, they've, Swifties Organizations: Poets Department, Service, Department, Spotify, DJ

☆ Taylor Swift fans in the UK have been scammed out of $1.2 million, bank says
▼ + stars: | 2024-04-17 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

UK Taylor Swift fans have lost over $1.2 million to Eras Tour ticket scams, Lloyds Bank says. Most of the ticket scams targeted 25- 34-year-olds through fake ads on Facebook. AdvertisementIt looks like it's heating up to be a Cruel Summer — at least for Swifties in the United Kingdom seeking Eras Tour tickets. Fans of Taylor Swift have already been scammed out of over $1.2 million trying to purchase concert tickets, mostly through Facebook, according to Lloyds Bank. "For her legion of dedicated Swifties, the excitement is building ahead of Taylor's Eras Tour finally touching down in the UK this summer.

Persons: Taylor Swift, —, Liz Ziegler, Swift, Alma Galvan Organizations: Lloyds Bank, Facebook, Service, Swifties, United, Lloyds, Ticketmaster, Business, San Francisco Better Business, ABC, BBB, Facebook Marketplace, Paypal Goods, Services Locations: United Kingdom, United States

☆ Americans lost over $1 million last year falling for online puppy adoption scams, largely on Facebook Marketplace
▼ + stars: | 2024-04-07 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Americans were scammed out of over $1 million in online puppy frauds last year. AdvertisementA shocking number of Americans are falling for online puppy scams. The Better Business Bureau said it received thousands of reports of puppy scams last year, totaling more than $1 million in losses, according to veterinarians.org. AdvertisementThe prevalence of puppy scams online has led to an official crackdown. The Illinois Attorney General's office, for instance, charged one man with 16 different felonies related to an online puppy scam in January.

Persons: —, veterinarians.org, Katherine Smith, Smith, Prosecutors, Kwame Raoul Organizations: FTC, Service, Better Business Bureau, BBB, Facebook, Craigslist, ABC News, Federal Trade Commission, Illinois, Homeland Security Investigations Locations: North Carolina, Yorkshire, Illinois

☆ Biden’s manufacturing industry is expanding, but that could be bad for inflation
▼ + stars: | 2024-04-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. The economy picking up further strength would spook Wall Street because of what it means for interest rates — and some manufacturers say they’re optimistic about the future. The Bank of Canada announces its latest interest rate decision. China’s National Bureau of Statistics releases March inflation data.

Persons: Joe Biden, ”, Tom Barkin, “, Mary Daly, ” Daly, Jerome Powell, Neel Kashkari, ” Kashkari, ” Richard de Chazal, Blair, they’re “, Amazon’s, It’s, Ramishah Maruf, Amazon, haven’t, Read Organizations: Washington CNN, Institute for Supply Management, Congress, Fed, ” Richmond Fed, ” San Francisco Fed, Minneapolis, Dow, Blair Equity Research, Amazon, Fresh, Delta Air Lines, US Labor Department, Index, Bank of Canada, Federal Reserve, National Bureau of Statistics, Constellation Brands, European Central Bank, JPMorgan Chase, Citigroup, State, National Statistics, The University of Michigan Locations: Richmond , Virginia, ” San, Las Vegas, India, Wells Fargo, Progressive, BlackRock

☆ People are getting taxed for gig work they've never done
▼ + stars: | 2024-04-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

It claimed that his wife, Kelly, hadn't paid about $10,000 in taxes on income from her work on DoorDash. None of them referenced Gardner's actual Social Security number, though all included the last four digits of other people's Social Security numbers. The hack gave the attackers access to Social Security numbers and other personal information about the drivers, the retailer said. Gardner, who had previously used DoorDash as a customer, said she ultimately ignored the 1099s she received. Do you work for DoorDash, Instacart, Walmart Spark, or another gig delivery service and have a story idea?

Persons: —, Brandon Emerson, Kelly, hadn't, DoorDash, Brandon, She's, @Uber I've, Michael M Organizations: Service, Business, Social, Uber Locations: Rochester , New York

☆ Why you can, and should, ignore that 9pm email from your boss
▼ + stars: | 2024-04-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Work is part of our identity here in a way that people from other countries find at turns fascinating and pathological. The bill would aim to ensure that people aren’t pinged with work emails, texts or calls outside their established work hours, with notable exceptions for emergencies or scheduling issues. If the boss intrudes on your non-work window three times, you can report them and the state could impose fines starting at $100. No one likes pausing Succession to respond to a 9pm request, but the guilt of ignoring it and wondering whether your boss will be mad at you is also, like, not fun. A historically tight labor market has given workers more leverage to negotiate their pay, hours and working conditions.

Persons: CNN Business ’, they’re, ”, Matt Haney, “ Workers shouldn’t, intrudes, Mike Solana, Ashley Herd, Herd, Haney, FDR, “, there’s, she’s, ” Herd, —, Jeanne Sahadi Organizations: CNN Business, New York CNN, Lawmakers, State Assembly, “ Workers, Nanny, Fund, Pew, Fair Labor, Act Locations: New York, France, California, Australia, Italy, Portugal, Belgium, “ california

☆ My husband and I were excited to take a trip to Europe after becoming empty nesters. But I struggled to let go of work.
▼ + stars: | 2024-03-30 | by ( Kelli Thompson | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But it was surprisingly hard to enjoy the lead-up to the trip as a business owner. Just like the motion of pulling my arm back, stepping back from work propelled my business forward. I knew what work I was excited to return to, and I decided to realign on the work that no longer excited me.

Persons: —, Hailey, unplugging, I'd, Greece's, Tonya Organizations: Service, Greece's Panathenaic Locations: Greece, Italy, Venice

☆ Federal regulators are wielding a classic Warren Buffett concept to go after Apple — his biggest stock bet
▼ + stars: | 2024-03-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Federal regulators used the word "moat" eight times in their civil antitrust complain to describe the defenses that Apple sets up to keep competitors at bay. AdvertisementCastles and moatsBuffett popularized the concept of a company having a "moat" around it that protects it from rivals. The dynamics of capitalism guarantee that competitors will repeatedly assault any business 'castle' that is earning high returns. AdvertisementThe Department of Justice has added insult to injury by not only targeting Buffett's biggest stock bet, but also wielding the investor's moat metaphor against him, at least indirectly.

Persons: —, cheekily, Warren Buffett, Buffett, Berkshire Hathaway, you've, Elon Musk, he's, Charlie Munger, Apple, He's, Tim Cook, they're Organizations: Service, Justice, Apple, Business, Berkshire, Coke, Gillette, Costco, Cola, American, Regulators, of Justice Locations: Berkshire, Apple, Buffett's, Berkshire's

NEW YORK (AP) — Garden centers enjoyed a pandemic boom, particularly with millennials, as people looked for outdoor activities during lockdowns. To regain the sales momentum, garden centers must navigate a number of challenges as another spring season kicks in. At Flowercraft Garden Center, a San Francisco garden center that is in its 50th year of operation, houseplants, vegetable starter plants and citrus trees are selling well, said general manager Lydia Patubo. That was good for an area suffering from a yearslong drought, but bad for garden center business. Even though his sales have plateaued since the pandemic, he feels the 34-year-old garden center is in a good spot.

Persons: Danny Summers, Summers, That’s, ”, Lydia Patubo, Patubo, San Francisco, ” Patubo, Chris Cordrey, “, ” Cordray, hasn’t, Kat McGraw, ” McGraw Organizations: Survey, The Garden Center Group, Garden, ”, East Coast Garden, National, Administration, Co, Atlanta, “ Locations: U.S, San Francisco, San, California, Millsboro , Delaware, Chattanooga , Tennessee, Nashville, Tennessee

☆ Cramer's Lightning Round: Datadog is a 'dynamite company'
▼ + stars: | 2024-03-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Marvell Technology's year-to-date stock performance. Stock Chart Icon Stock chart icon Datadog's year-to-date stock performance. Stock Chart Icon Stock chart icon Altimmune's year-to-date stock performance. Stock Chart Icon Stock chart icon Lantheus' year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance.

Persons: Marvell, Centrus, it's, Eli Lilly, Lantheus, they've, Jim Cramer's Organizations: Marvell Technology, Centrus, GE

☆ Quince Restaurant Sues E-Commerce Brand, Says It Stole Its Name
▼ + stars: | 2024-03-15 | by ( Kate Taylor | ) www.businessinsider.com time to read: +10 min

Tusk told BI that Last Brand has "continuously expanded their product line smack dab into our backyard." According to Gupta, the founders renamed the brand Quince in 2020 upon its official launch to play on the word quintessential, a reference to the brand selling premium essentials. "Off the record, we were eating at a sister restaurant to a three-Michelin-starred restaurant named Quince in SF, and we really loved the name," Gupta said. For now, the restaurant Quince will continue to deal with confused customers. "I know that we're outmatched and all that, but it kind of left us no choice," Tusk told BI.

Persons: Lindsay Tusk, She'd, Michael, Everett Noel, Tusk, Quince, —, Sid Gupta, Zachary Briers, " Briers, David —, Gupta, Leslie Williamson, Daniel Page, Last, Page Organizations: MICHELIN, Michelin, Better, Inc, Last Brand Inc, The New York Times Style Magazine, TV, FedEx, YouTube, Last, Brand Locations: San Francisco, Italy, San Francisco's, The, Bolinas , California

☆ McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
▼ + stars: | 2024-03-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.

Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia

☆ Billionaires and A-listers pay me to plan their luxury vacations. For $150,000 a year, I get them into the best restaurants and hotels in the world.
▼ + stars: | 2024-02-26 | by ( Maria Noyen | ) www.businessinsider.com time to read: +10 min

Read previewThis as-told-to essay is based on a conversation with Jaclyn Sienna India, the founder of the luxury travel concierge Sienna Charles. I wanted to take that elegance, knowledge, and personal service I learned in the restaurant and bring it to travel. Faking it until I made itI started my own travel concierge, Sienna Charles, 16 years ago. Before it had a name, we definitely had been practicing quiet luxury travel and hospitality. Sienna Charles specializes in "quiet luxury" travel.

Persons: —, Jaclyn Sienna India, Sienna Charles, Bec, Abercrombie, there's, it's, We're, we're, George W, Bush, Sienna Charles Many, I've, We've, Mariah Carey, we've, They've, Carbone, I'd, I'm, Jacqueline Sienna India, Sienna Charles ., Sienna Charles I Organizations: Service, Business, Gotham Magazine, Manhattan Magazine, Disney Locations: New Jersey, Kent, Paris, Ethiopia, Turkey, Los Angeles, New York City, Africa, Capri, Sicily, I'm, Europe

☆ A woman was charged $1,000 for a Subway sandwich. She says she's not been refunded and has struggled to afford groceries.
▼ + stars: | 2024-02-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewA woman was charged over $1,000 for a Subway sandwich, leaving her strapped for cash and struggling to feed her family, according to reports. For context, this far exceeds the typical costs of a footlong sandwich at Subway, which tends to cost between $6.50 and $12. Bishop told ABC 6 that the charge left her feeling "stressed, overwhelmed," and, at one point, she couldn't even afford groceries because her "account was negative." She told ABC 6 she tried this multiple times but to no avail. "I'm just trying to make ends meet at this point in time," Bishop told ABC 6.

Persons: —, Letitia Bishop, WSYC, Bishop, couldn't, I'm, Lee Anne Lanigan, Lanigan Organizations: Service, Subway, Oil, WSYC ABC, Business, ABC, Better Business Bureau Locations: Columbus , Ohio, Ohio

☆ I've been a Jack in the Box franchisee for 3 decades. Here are 4 surprising things about franchising a fast-food restaurant.
▼ + stars: | 2024-02-21 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +5 min

AdvertisementMuch like owning your own independent restaurant, owning and operating a fast-food restaurant as a franchisee can be a lot of work. Business Insider spoke to Terry Jones, a longtime franchisee of Jack in the Box restaurants, about the most surprising parts of his job. AdvertisementHere are the most surprising parts about owning a fast-food restaurant, according to Jones. Jones said he earned money flipping houses in order to purchase his first Jack in the Box restaurant. AdvertisementHowever, there are also benefits to being a franchisee compared to being a typical restaurant ownerThe counter at a Jack in the Box restaurant.

Persons: Terry Jones, —, Jones, Jack, I've, Shutterstock Jones, It's, Eric Broder Van Dyke, you've Organizations: Service, Business

☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Warren Buffett’s Berkshire Hathaway sells off some Apple stock
▼ + stars: | 2024-02-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Warren Buffett’s Berkshire Hathaway sold off 10 million shares of Apple stock in the final three months of 2023, representing about 1% of its holdings in the company. Berkshire still owns more than 905 million shares of the company, worth about $174 billion. That represents 6% of all Apple shares and one-fifth of Berkshire’s entire portfolio. Shares of Berkshire Hathaway were 0.7% higher. More to comeFilings also showed that Berkshire sold 80 million shares of printer company HP in the fourth quarter of 2023, reducing its holdings by 78%.

Persons: New York CNN — Warren, Berkshire Hathaway, ”, Buffett, ” he’s, “, Tim Cook, Charlie Munger Organizations: New, New York CNN, Apple, Oracle, Securities and Exchange Commission, Berkshire, Apple Apple, HP, Paramount Locations: New York, Omaha, Berkshire, China

☆ Temu dropped tens of millions of dollars on its flurry of Super Bowl ads — and its big spending may pay off
▼ + stars: | 2024-02-13 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Temu's Super Bowl ads sparked a surge in online searches despite recent downturn among users. AdvertisementTemu was the talk of the town on Monday after its ambitious Super Bowl advertising campaign sparked a flurry of online queries about the Boston-based, Chinese-owned e-commerce company. The company splurged on three ads during the game and two afterward, per CNN, also offering $15 million in giveaways and coupons as part of its Super Bowl promotion. But while Temu saw massive growth in 2023, some of its numbers have started to fall off in recent months among American users, according to Bloomberg. But its Sunday advertising campaign may have already helped Temu regain some of its early success in the US.

Persons: Temu, —, Morgan Stanley Organizations: Service, Super Bowl, Bloomberg, CNN, Bowl, Temu, Google, Apple, USA Locations: Boston

☆ Zyn confirms that business is booming in the US
▼ + stars: | 2024-02-09 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. While shipments to retailers and distributors can outpace actual consumer sales of the pouches, those year-over-year growth numbers indicate that Zyn sales are booming in the US. A spokesperson for Philip Morris International told Business Insider that "the best thing anyone worried about their health can do is to quit, or never start, using nicotine. "ZYN is marketed exclusively to current adult nicotine consumers as an alternative — with cigarettes being the most harmful nicotine product," the spokesperson added.

Persons: —, Philip Morris, Zyn, It's, Chuck Schumer Organizations: Service, Philip Morris International, Swedish, Business, GOP, PMI

☆ Well, this could be what finally kills cable TV
▼ + stars: | 2024-02-06 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

It could end up killing cable TV. That said, it really seems like this new service will include all the major sports offerings on cable TV. Cord cutting has been gradually chipping away at the cable TV ecosystem for years. AdvertisementBut don't cry too much yet for the cable TV companies. Last year, in a dispute with Disney, Charter, one of the biggest cable companies in the US, called the cable TV model broken and said it was willing to walk away entirely.

Persons: —, Price, it's Organizations: Disney, Fox, Warner Bros, ESPN, Service, ESPN2, ABC, FOX, TNT, TBS, truTV, CBS, NBC, NFL, Paramount, Netflix, CNN, Fox News, MSNBC, P Global Market Intelligence

☆ Snap begins a new round of layoffs with staffers expecting more next week
▼ + stars: | 2024-02-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

The Snapchat company let go of several dozen staffers on Friday, according to two people familiar with the company. Many Snap employees took the memo as a hint that more company changes were coming. Staffers have been "on pins and needles" about layoffs in recent weeks, according to one of the people familiar with the company. In September, Snap let go of about 150 people after shutting down a short-lived division for creating augmented reality tools for businesses. Evercore senior managing director Mark Mahaney said in mid-January that "Snap has yet to snap back."

Persons: Evan Spiegel, Spiegel, It's, Jerry Hunter, Hunter, Snap's, Nima Khajehnouri, Bernstein, Evercore, Mark Mahaney Organizations: Business, Meta, Block, PayPal

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