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Now, ValueAct has engaged another titan of the market, Meta Platforms, announcing an approximately $1 billion dollar position in the company. With the stock price up about 56% in 2024, ValueAct still sees significant untapped value in Meta. ValueAct has shown at Microsoft and Salesforce that it is very good in helping companies trim fat and build muscle. The AI spending, while concerning to some in the market, can be the muscle that strengthens Meta's core FoA business. It should more than justify Meta's AI spend.
Persons: ValueAct, Mason Morfit, Mark Zuckerberg, OpenAI's GPT, Meta, Martha Stewart Living, Ken Squire Organizations: Reality Labs, Facebook, Microsoft, Meta, RL, Spotify, OpenAI, Adobe, New York Times, Expedia, Century Fox, KKR, 13D Locations: Salesforce
CNN —In the spring of 2015, homemaking expert Martha Stewart was giving Justin Bieber some dating advice. Long before Kylie Jenner may or may not have become a self-made billionaire, Stewart became the first woman to actually achieve that status when the company she founded, Martha Stewart Living Omnimedia, went public in 1999. But the “Martha Stewart” brand lives on across thousands of products that reach approximately 100 million consumers each month, according to a tally from the current owner, Marquee Brands. There is no modern lifestyle brand without Stewart, who taught a generation of women how to turn themselves into a brand and grow a business. After she sold her namesake brand, Stewart has turned to social media to unlock new streams of revenue while still forging what feels like authentic connections with her millions of followers.
Persons: Martha Stewart, Justin Bieber, Stewart, Justin, Long, Kylie Jenner, Omnimedia, MSLO, Martha Stewart ”, , Michael Kupinski, , ” Kupinski, ” It’s, Gwyneth Paltrow, Jessica Alba, TikTok, ” Martha Stewart, Marc Bryan, Brown, ” Claire Saffitz, Gary Nardilla, Martha, ” Nardilla, Stewart’s, Tang ”, Martha’s, Saffitz Organizations: CNN, Comedy, Marquee Brands, Noble Financial Capital Markets, Bloomberg, Everett, CNN Studios Locations: West Virginia, Instagram, Martha’s Chard
The new CNN Original Series “The Many Lives of Martha Stewart” premieres Sunday, January 28 at 9pm ET/PT. CNN —It’s rare to meet someone who’s totally indifferent to Martha Stewart. For women who remember the “Martha Stewart Living” media empire at the zenith of its influence — the 1990s — she can inspire a feeling of inadequacy. American media mogul and businesswoman Martha Stewart stands in a kitchen in August 1976. Snoop Dogg and Martha Stewart at a private table in the kitchen of Nice Guy in West Hollywood, Calif., Oct. 25, 2016.
Persons: Sarah Archer, , Martha Stewart ”, who’s, Martha Stewart, Sarah Archer Sarah Archer, she’s, Justin Bieber, Snoop Dogg, Martha, Martha I, steely perfectionism, homekeeping, Julia Child, doughty, “ Martha Stewart, Jadeite, Marc Morrone, Susan Wood, , Anna Wintour, Nice Guy, Kendrick Brinson, Dobbs, they’ve Organizations: New York Times, Vox, Washington Post, Culture, CNN, Comedy Central, Sports Illustrated, Reading, Vogue Locations: Philadelphia , PA, Japan, Las Vegas, Turkey, Nice, West Hollywood, Calif, America, California
Jeffrey Ubben, Founder & CEO at ValueAct Capital, speaks on the Reuters Newsmaker event "The Future of Shareholder Activism" in Manhattan, New York, U.S., February 22, 2017. Ubben told investors in a memo he was winding down some funds and returning capital, two people familiar with the matter said on Wednesday. Ubben and Inclusive Capital, known as InCap, did not respond to calls and emails for comment. Last year more hedge funds closed their doors than launched, data from Hedge Fund Research show. More than two decades ago, Ubben, 61, who started his career at mutual fund giant Fidelity, founded ValueAct Capital in San Francisco.
Persons: Jeffrey Ubben, Andrew Kelly, Jeff Ubben, Ubben, InCap, Martha Stewart, John Paulson, Louis Bacon, Svea Herbst, Bayliss, Sabrina Valle, Josie Kao Organizations: ValueAct, Reuters, REUTERS, Capital Partners, Inclusive, Hedge Fund Research, Fidelity, Microsoft, Street Journal, Exxon, Rad Laboratories, Unifi Inc, Bayer, Svea, Thomson Locations: Manhattan , New York, U.S, San Francisco, Houston
OVER THE COURSE of her career, Martha Stewart, the self-made mogul and pop-culture phenomenon, has seldom considered the concept of power dressing. “It has never fit into my lifestyle,” said Stewart, 82, who worked on Wall Street before founding her Martha Stewart Living empire. “I’m probably more casually dressed than most women executives. I never felt I had to dress to show off for men. “It looked good, I felt great.
Persons: Martha Stewart, , Stewart, “ I’m, I’ve, , Locations: Hermès, New York
Watch CNBC's full interview with Martha Stewart
  + stars: | 2023-05-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Martha StewartMartha Stewart, founder of Martha Stewart Living Omnemedia, joins 'Squawk Box' for a wide-ranging interview to discuss becoming the oldest woman to grace the cover of the Sports Illustrated swimsuit issue, building a sprawling business empire, her thoughts on social media, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMartha Stewart on her business empire: I'm always looking for the best quality at the best priceMartha Stewart, founder of Martha Stewart Living Omnemedia, joins 'Squawk Box' for a wide-ranging interview to discuss becoming the oldest woman to grace the cover of the Sports Illustrated swimsuit issue, building a sprawling business empire, her thoughts on social media, and more.
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