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Spotify reported first-quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year of deep cost cutting and streamlining. The company expects net new MAUs of 16 million, for a total of 631 million monthly active users. Spotify attributed the slowed growth to "moderated marketing activity" — driven by cost cutting — resulting in "more normalized growth." ValueAct, which manages nearly $12 billion in assets, has a 0.5% Spotify stake valued at $280 million. When the activist investor first disclosed the position in 2023, it owned around 1.2% of Spotify.
Persons: Daniel Ek, Joe Rogan, MAUs, Mason Morfit's ValueAct Organizations: Spotify, LSEG, StreetAccount Spotify Locations: Tokyo, Swedish
Elon Musk doesn't think aliens are out there. "I have seen no evidence for aliens and, with ~6000 satellites orbiting Earth, I think I would know," Musk said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpaceX owner Elon Musk doesn't think aliens exist. "I have seen no evidence for aliens and, with ~6000 satellites orbiting Earth, I think I would know," Musk wrote on X on Monday.
Persons: Elon, Musk, , Elon Musk, Tucker Carlson, Joe Rogan, Carlson Organizations: SpaceX, Service
@ceevannn #stitch with @Renèe | Influencer Marketing these days, Katy Hearn’s products and branding dont move me to purchase. TikTok influencers stand above IG because of authenticity. As social media marketing evolved, so did the opportunity for influencers to work with more brands. Data shared with the outlet from a YPulse study found that 45% of 13 to 22-year-old respondents felt influencers don't have the sway they used to. Sophie Wood, the director of strategy at influencer marketing agency Fohr, told BI the influencer bubble hasn't burst, it's just changing.
Persons: , Manrika Khaira, TikTok, it's, Zers, CeeVan, influencers, Katy, rogan, @Madeline Pendleton, Ashley Rector, Quimby, — influencers, Rector, Samantha Zink, Zink, Gen Z, Influencers, Catherine Falls, Sophie Wood, Wood, Hannah Witton, Witton, It's, Jessica Dante Organizations: Service, Business, Influencer, qvc, Federal, Quimby Digital, Zink Talent, Yahoo News, YouTube, Smart, BI, Love Locations: Catherine, London
Prince Harry and Meghan Markle seem like lovely people. Netflix dropped "Pearl," an animated children's series Meghan created through her and Harry's production company, Archewell Productions, before it even premiered. The audio-streaming company signed a deal with Harry and Meghan in 2020 reportedly worth $20 million. As Michael Pachter, a managing director at Wedbush Securities who's covered movies, entertainment, and tech for two decades, explained, it's because they've still got that $100 million deal. A public breakup with Meghan and Harry may also be a mess Netflix doesn't want to deal with.
Persons: Prince Harry, Meghan Markle, Duke, Duchess, Meghan, Harry, didn't, Michael Pachter, Wedbush Securities who's, they've, Michelle Obama, Ryan Murphy, Shonda, Pachter, there'll, Markle, Harry won't, They're, Jason Bateman, Will Arnett, Sean Hayes, Joe Rogan's, Magic Johnson, Chevy, Reese Witherspoon, LeBron James, Alicia Silverstone, Nicolas Cage, Demi Moore, Gayle King, Charles Barkley, She's, TIG, Emily Stewart Organizations: Netflix, Florida ., Archewell Productions, Street, Spotify, Wedbush Securities, Chevy Chase, Media, Hollywood, CNN, Archewell, Business Locations: Sussex, Florida, Plenty, British
Tesla is stuck in the mud
  + stars: | 2024-04-17 | by ( Graham Rapier | ) www.businessinsider.com   time to read: +5 min
In all, Tesla said it would cut more than 10% of its workforce, amounting to more than 14,000 people. Tesla is also losing some key top executives: Drew Baglino and Rogan Patel announced this week they would leave the company. AdvertisementIt's unclear what, exactly, Tesla plans to show off in August as a self-driving, revenue-generating new product. He also reportedly said Tesla robotaxis would be able to do 100 hours of work a week for their owners. According to Reuters, Tesla has ended plans for another one of Musk's longtime pet projects: a truly affordable EV.
Persons: , Elon Musk, Tesla, Drew Baglino, Rogan Patel, Baglino, Patel, Musk, Ryan Brinkman, Kelley, Adam Jonas Organizations: Service, Business, CNBC, Reuters, JPMorgan, US Locations: China, Europe, Asia, Mexico
To understand the state of men in this country, it’s necessary to know three things. First, millions of men are falling behind women academically and suffering from a lack of meaning and purpose. Second, there is no consensus whatsoever on whether there’s a problem, much less how to respond and pull millions of men back from the brink. Third, many men are filling the void themselves by turning to gurus to guide their lives. They’re turning to Andrew Tate, Joe Rogan, Jordan Peterson and a host of others — including Elon Musk and Tucker Carlson — to show them the way.
Persons: They’re, Andrew Tate, Joe Rogan, Jordan Peterson, Elon Musk, Tucker Carlson —, He’s, Peterson, Richard Reeves, Lash Organizations: Elon Locations: Romania
Scotland’s Hate Crime and Public Order Act came into force last week, a contentious law that expands existing legislation to include transgender identity as a protected characteristic from hate crimes. In the first week of the law’s enactment, a feminist group, “Let Women Speak,” organized a rally against the legislation in Scotland’s capital on Saturday. Another major concern for those who oppose the Hate Crime Act is the supposed lack of clarity on what type of behavior could constitute an offense under the new law. But 25-year-old Scottish trans student Lucy (who asked not to be identified by her real name due to concerns about continued online abuse), said the new law does not reassure her. Scotland’s proposed reforms would have allowed transgender people to self-identify, without the need for a medical diagnosis or certificate.
Persons: , – Humza Yousaf, , JK Rowling, Elon Musk, Joe Rogan, Jane Barlow, , Susan Smith, , ’ ” Smith, Siobhan Brown, Rowling, Harry Potter, Yousaf, J, Rowling waded, Angela Weiss, ” Vic Valentine, Lucy, Scotland’s, hadn’t, Musk, Ian Miles Cheong Organizations: CNN, ” Scottish, Reuters, Scottish, Women Scotland, Community Safety, Police Scotland, BBC, Getty, Scottish Trans, Public Affairs, Equality Network, Scottish Police Federation, ” Police, Courier, PA Media, Police Locations: Edinburgh, Scotland, United Kingdom, British, Scottish, Malaysian
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMichael C. Donaldson, 84, is an entertainment lawyer by day — and a record-setting under-ice swimmer by night. And now I eat red meat very rarely. Red meat is high in saturated fats, which can increase the "bad" LDL cholesterol in the blood and can lead to cardiovascular disease. According to the Cleveland Clinic, red meat shouldn't be eaten more than once or twice a week, and choosing white meat or vegetarian options is generally healthier.
Persons: Michael C, Donaldson, , wasn't, Markus Rogan, Rogan, — Donaldson, it's, I've, he's, centenarians, Michael, It's, wouldn't Organizations: Service, Austrian Olympic, US Bureau of Labor Statistics, Centers for Disease Control, World Health, International Agency for Research, Cancer, Cleveland Clinic Locations: Los Angeles, Austrian, Austria, Okinawa, Japan, Costa Rica
The Harvard professor's research is bankrolled by tech tycoons "pissed off" at academia's dogma. But this boundary-pushing is exactly why he's backed Loeb's research. AdvertisementDesch, the astrophysicist from Arizona University, posted a critique of Loeb's work on arXiv alleging "multiple fatal flaws with the manuscript's arguments." Asked whether he no longer believes in a possible technological origin for the meteor, Loeb said they need to investigate further. As he plans more extravagant expeditions to prove the origin of the interstellar meteor, Loeb likens his critics to crows pecking at the neck of an eagle.
Persons: Avi Loeb, Loeb, , Steven Desch, they're, Loeb's, they've, Charles Hoskinson, that's, Anibal Martel, Mark Zuckerberg, Stephen Hawking, Lucas Jackson, Oumuamua, Desch, It's, Meech, Hoskinson, Rather, Lane Turner, James Webb, Bill Diamond, Stenzel, AARO, UAPs, Loeb hasn't, Joe Rogan's, Eugene Jhong, Galileo, ", Frank Laukien, Laukien, Charles Alcock, Seth Shostak, Stephen Wolfram, Richard Branson's, Vera, Rubin, Avi Loeb Loeb, what's, Rob McCallum, Mariana Trench, James Cameron, Avi Loeb Hoskinson, spherules, Harvard's Stein Jacobsen, Loeb didn't, Monica Grady, Patricio Gallardo, it's, Diamond, That's Avi, Adam Glanzman Organizations: Harvard, Service, Arizona State University, Netflix, Galileo, Anadolu Agency, Reuters, University of Hawaii, Boston Globe, James Webb Telescope, NASA, SETI Institute, Pew Research Center, Department of Defense, UAP Department of Defense, Jhong, Bruker Corporation, Smithsonian's, for Astrophysics, MIT, Wolfram Research, Harvard University, Survey, US Space Command, Hoskinson, UK's Open University, University of Chicago, Arizona University, U.S . Government, The Washington, Getty, Loeb, Astronomy, Astrophysics Locations: Lexington , Massachusetts, United States, Getty, Loeb's, New York, Cambridge, Massachussetts, UAPs, Colorado, Chile, Papua New Guinea, 2401.09882, IM1
Read previewRobert Downey Jr. was so committed to method acting his part as the method actor Kirk Lazarus in "Tropic Thunder'" that he went to the toilet in character, according to his costar Danny McBride. Downey Jr. wore blackface for this role, a decision that has been criticized in recent years because of its racist history. McBride said he heard Downey Jr. saying in character: "I'm gonna go drain the snake." In 2009, Downey Jr. received a supporting actor Oscar nomination for his performance in "Tropic Thunder." AdvertisementRobert Downey Jr. has defended wearing blackface in 'Tropic Thunder'Jack Black, Robert Downey Jr. and Ben Stiller in "Tropic Thunder."
Persons: , Robert Downey Jr, Kirk Lazarus, Danny McBride, Downey Jr, Downey, McBride, Jack Black, Ben Stiller, Tom Cruise, Oscar, Rob Lowe, Stiller, Lazarus, Joe Rogan Organizations: Service, Business, Office, DreamWorks Pictures, Paramount Pictures Locations: Australian
The company is also working on a new basic tier and a "supremium" plan, Bloomberg said. 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 . Spotify last raised prices in July, hiking the cost of most plans by $1 a month. Apple Music's individual plan got $1 more expensive a month in 2022, and YouTube Premium's individual plan rose by $2 a month the following year.
Persons: , Joe Rogan Organizations: Bloomberg, Service, Spotify, Apple, YouTube, Business Locations: Australia, Pakistan, United States
Neil Young attends a press conference for Farm Aid 34 at Alpine Valley Music Theatre on September 21, 2019 in East Troy, Wisconsin. Neil Young on Wednesday said his music will return to Spotify , just over two years after he and other artists removed their catalogues from the music streaming platform amid a vaccine disinformation dispute. Spotify announced a multi-year deal with Rogan last month that removed its exclusivity, meaning "The Joe Rogan Experience" will return to platforms, including Apple Podcasts, YouTube and Amazon Music. Young previously said Spotify accounted for 60% of his global streaming revenue, prior to his departure. The move placed Spotify in a position to choose between numerous legendary musical figures and the controversial but hugely popular Joe Rogan podcast, which was its most streamed show in 2023.
Persons: Neil Young, Joe Rogan, Young, Rogan, Joni Mitchell, India Arie, Crosby, Stills, Nash, Daniel Ek Organizations: Farm, Valley Music Theatre, Spotify, CNBC, Apple, Amazon, Horse Locations: East Troy , Wisconsin, American
Neil Young says his music will return to Spotify. Young took his music off Spotify in 2022 over COVID-19 misinformation on Joe Rogan's podcast. Young took a dig at Spotify's sound quality as he came back to the platform. AdvertisementWhile Neil Young lovers may be rejoicing that the iconic artist is returning to Spotify, Young himself is not. This story is available exclusively to Business Insider subscribers.
Persons: Neil Young, Young, Joe Rogan's, Organizations: Spotify, Service, Business Locations: COVID
Following Young’s protest, the singer-songwriter Joni Mitchell also removed her music from Spotify, and the R&B singer India.Arie circulated clips showing Rogan using a racial slur repeatedly on the show. Rogan apologized for his use of the word, and Spotify quietly removed dozens of episodes of his show. Spotify signed Rogan to a deal in 2020, worth at least $200 million, that made his show exclusive to that platform. Last month, the company announced a new, multiyear arrangement with Rogan in which Spotify would also distribute “The Joe Rogan Experience” to other podcast platforms, as well as YouTube. In his statement on Tuesday, Young didn’t give a timeline for when his music would return to Spotify, and a representative of Spotify did not immediately respond to a request for comment.
Persons: Robert Malone, , Joni Mitchell, India.Arie, Rogan, Daniel Ek, Joe Rogan, Young didn’t, Mitchell Organizations: Spotify, Street Journal Locations: Covid
Lil Wayne loves weed. But in 2021, Lil Wayne — whose real name Dwayne Carter — told the government that his touring company was a "drug-free" workplace. No one at the Small Business Administration appeared to question it, and the government cut a $8.9 million check to Lil Wayne's company Young Money Touring Inc. Representatives for Beach House didn't respond to a request for comment, nor did press contacts for Lil Wayne or Post Malone. The feds could claw the money backThe SBA told grant applicants that they could be sued or even prosecuted for lying.
Persons: Malone, Lil Wayne, , Lil Wayne —, Dwayne Carter —, Lil Wayne's, Post Malone, Post, Joe Rogan's, they're, Carter, ​ ​, Harold Pollack, Josh Schiller, Schiller, Dan Meyer, Andrew Preble, should've, Day Organizations: Service, Small Business Administration, Inc, Austin Post, Post, SBA, Touring Inc, University of Chicago, Elon, SpaceX, Beach House, NME, Beach Locations: people's, San Francisco, Angeles, New Orleans
YouTuber JerryRigEverything put Elon Musk's claims that the Cybertruck is bulletproof to the test. AdvertisementThe Cybertruck might not be as bulletproof as Elon Musk has advertised. AdvertisementWhile the truck didn't prove entirely bulletproof, Nelson said he was still impressed by its durability. Since the Cybertruck was first announced in 2019, Musk has hyped up the rugged nature of the truck, claiming the vehicle would be entirely bulletproof. AdvertisementDuring an interview with Joe Rogan in 2023, Musk said that the standard Cybertruck wouldn't have bulletproof glass, but the stainless steel doors would still be thick enough to stop a bullet.
Persons: YouTuber JerryRigEverything, Elon Musk's, , Elon Musk, Zach Nelson, Nelson, InsideEVs, Gun, Tesla, Tommy Gun, Musk, Joe Rogan Organizations: Service, Elon, YouTube, Browning
A Pentagon report denies government cover-up of extraterrestrial activity. The report refutes claims of UFO sightings and supposed knowledge of alien existence. AdvertisementThe Pentagon released a report saying they'd found no evidence of UFO sightings or an alien cover-up. AARO found no evidence confirming unidentified anomalous phenomenon (UAP) as extraterrestrial technology — most were ordinary objects or misidentified phenomena. AdvertisementThe lack of conclusive evidence has fueled conspiracy theories, complicating efforts to address popular beliefs about UFOs and aliens.
Persons: , they'd, AARO, Fan, Tommaso Boddi, Edward Snowden, Joe Rogan Organizations: Pentagon, Service, US, NSA
So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.
Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, , we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, , kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, , Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The
CNN —In early January, anyone who visited the ski resort village of Gulmarg in Indian-administered Kashmir with hopes of actually skiing was out of luck. A severe snow shortage, blamed on dry weather, threatened to derail the entire winter season, leaving both travelers and tourism operators disappointed. Regardless of whether you’re a full-time athlete or someone who enjoys skiing and snowboarding for fun, Gulmarg offers a winter experience like no other. Today, travelers headed for Asia’s highest ski resort can enjoy over 1,330 vertical meters (4,363 feet) of skiable terrain, with lifts offering access to four separate skiing zones on Mount Apharwat. Many of those visitors don’t ski but just ride up the gondola to play in the snow and take in the views at the top.
Persons: Mukhtar Ahmad, Nanga Parbat, , Brian Newman, Newman, , ” Mehmood Ahmad Lone, , nans, Kababs, Rogan Josh, Kati, It’s, Mount Apharwat, Colonel Mirza Zahid Baig, Gulmarg, Javedh Ahmad Reshi Organizations: CNN, El, El Nino, Adventure, Hindustan Times, Newman’s, US Department of State, Warfare, USA Locations: Gulmarg, Kashmir, India, Mount Apharwat, British, Apharwat, Nanga, Colorado, Europe, North America, Pakistan, Khyber, Highland, Hilltop, Kashmir’s, Srinagar, Mount
In the four years since he began creating content, MrBallen has become a fixture in the true-crime world and built an empire that spans video content, podcasts, live events, and a talent-management company. "I realized that I had first-mover advantage on TikTok," Allen told Business Insider. "This is a 50-50 partnership through and through, where he has his side of the business, and I have my side of the business," Witters said. "I'll never run out of content," Allen said. Now, Ballen Studios publishes four weekly podcasts, with more shows to be released this year, as well as weekly content across all social platforms.
Persons: Doja Cat, MrBallen, John Allen, Addison Rae, Allen, Nick Witters, Witters, John, Cadence13 Zak Levitt, Joe Rogan's, Nick, we've Organizations: YouTube, Business, Ballen Studios, Amazon Music, Spotify, Ballen
What's on deck:This story is available exclusively to Business Insider subscribers. Long considered the bane of white-collar workers' existence, people now view cubicles as a sanctuary instead of a jail cell. AdvertisementCalling for a return to the cubes might seem odd when so many are pushing to evolve the workplace. Experts told Business Insider that a wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. Get in touchAdvertisementinsidertoday@insider.comTo read unlimited articles, subscribe to Business Insider.
Persons: , It's, Rebecca Zisser, Long, Kelli María Korducki, haven't, Korducki, cubicles, Ken Griffin, Vernon Yuen, Jerome Powell, Donald Trump, buybacks, Tammi Jantzen, Joe Rogan, Both Rogan, BI's Peter Kafka, Jenny Chang, Rodriguez, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Corporate, Citadel, Getty, Federal Reserve, Deutsche Bank, Spotify, Bureau of Labor Statistics, Boomers, Caterpillar Inc Locations: Silicon Valley, Wellington, Astarte, China, New York, London
Elon Musk's drug use worries his business associates and board members, The Wall Street Journal reported. Former Tesla director Larry Ellison urged Elon Musk to visit Hawaii to "dry out," per The Journal. Ellison's proposal came amid increasing concerns among Musk's friends and associates that Musk's drug use was getting worse, per The Journal. Despite proclaiming that he doesn't "like doing illegal drugs," Musk's drug use has previously put him and his companies on notice. The company spent $5 million in taxpayer money to properly train its employees on the rules, the Journal reported.
Persons: Elon, Larry Ellison, Elon Musk, Musk's, , Musk, Ellison, Alex Spiro, Christopher Muzzi, Joe Rogan Organizations: Street Journal, Service, Elon, Wall Street, Oracle, Hollywood Hills, Business, The, NASA, SpaceX, CNBC Locations: Hawaii, Hollywood, Silicon Valley
NEW YORK (AP) — Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also be available on competing platforms, including YouTube and Apple Podcasts. Spotify announced the renewed partnership in a post on the company's corporate blog Friday. Under a prior multimillion-dollar deal, “The Joe Rogan Experience,” had been a Spotify exclusive since 2020. Wall Street Journal, which first reported the new deal on Friday, estimated that the new contract was worth as much as $250 million over its multiyear term. These conversations have changed the way I think about life immeasurably and continue to do so.”The show is consistently Spotify's most popular podcast but also a frequent cause of controversy for the company.
Persons: Joe Rogan, , Rogan, “ It’s, immeasurably, Neil Young, Daniel Ek, Joe Organizations: Spotify, YouTube, Apple, Wall Street
But it's still going to be a major force in podcasting for years to come — because it's hanging on to Joe Rogan. Spotify says Rogan, the most popular person in podcasting, will be sticking around the platform via a "multiyear" contract. AdvertisementAll of this makes a lot of sense, given the way that podcasting — and Spotify's commitment to podcasting — has changed. That backing almost certainly helped keep Rogan with Spotify for another deal. So instead, this deal means Rogan gets a reliable income source, and Spotify gets the best-known name in the industry.
Persons: , it's, Joe Rogan, Rogan, Rogan's, Meghan Markle, Prince Harry, Alex Cooper, Cooper, Alex Jones, Neil Young, Rogan didn't Organizations: Service, Spotify, Street Journal, Bloomberg, Business, Apple, YouTube, Edison Research
New York CNN —Spotify announced a new multiyear partnership deal with podcaster Joe Rogan. “The Joe Rogan Experience” had been Spotify’s last exclusive podcast, the company confirmed. Spotify said Rogan’s podcast will be available on Apple, Amazon and YouTube, but it did not comment further about the deal’s terms. In the past three years, “The Joe Rogan Experience” has consistently been the number-one podcast across the globe. In 2020, Spotify announced it signed “The Joe Rogan Experience” for a multi-year exclusive licensing deal.
Persons: podcaster Joe Rogan, , Joe Rogan, , Rogan, CNN’s Jordan Valinsky Organizations: New, New York CNN, Spotify, Apple, YouTube Locations: New York
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