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Read previewAn appellate court decision reducing former President Donald Trump's bond to $175 million was a win for the former president — and certainly a rare one, according to legal experts. But the former president was tossed a last-minute lifeline Monday when an appeals court ordered a whopping 62% reduction in the size of the bond. AdvertisementIn that time, he's only heard of roughly a couple dozen instances when a New York appeals court reduced an appeal bond — and those involved far lower judgments. While the lowered bond buys Trump time, he'll still owe the entire sum if he loses on appeal. As part of Monday's decision, Trump is required to file a full appeal argument in time for the court's September 2024 session.

Persons: —, Donald Trump's, Trump, Neil Pedersen, Pedersen, he's, Letitia James, Eric Snyder, Wilk Auslander, Snyder, he'll, Arthur Engoron, Engoron Organizations: Service, Business, Sons, New York, Trump, New, Trump Organization Locations: York, New York, he'll

☆ Out of options, Trump will pay $500M cash bond to appeal his NY fraud case, experts predict. Not paying will hurt even more.
▼ + stars: | 2024-03-09 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Trump must stow $500M cash in a bank to cover the appeal bond for his NY fraud case, experts say. His next appeal bond will cost him far more. By posting another appeal bond. Similar to the more familiar jail bond, an appeal bond is a promise of payment that's backed by collateral, meaning cash or property. The premium on a half-billion-dollar appeal bond could run anywhere from $250,000 to north of one million dollars, just to purchase the bond, experts guestimated.

Persons: Trump, —, Donald Trump, Jean Carroll, Letitia James —, Sheriff, Eric Snyder, Snyder, Arthur Engoron, Wilk Auslander, He's, Julie Alleyne, Carroll, Chubb, Evan G, Greenberg, Neil Pedersen, Pedersen, Alleyne, Cash, Jeff Bezos, Elon Musk, Christopher Kise, — Chubb, Letitia James, James, Roy Rochlin, Justin Sullivan Organizations: stow, Service, Trump, New York, New, NRA, Fox, Wilk, Fidelity Association of America, Federal Insurance Company, Chubb Group, Sons, Forbes, Bloomberg, ABC, Midtown, Financial, Getty Locations: NY, Manhattan, New York, New York City, Americas, Midtown Manhattan, New Yorkers

☆ Anonymous tips work to prevent school shootings and suicides, new study finds
▼ + stars: | 2024-01-17 | by ( Josh Campbell | ) edition.cnn.com time to read: +6 min

CNN —Anonymous reporting systems used by schoolchildren to report concerning behavior among their peers has resulted in the prevention of numerous instances of suicide, school violence and planned attacks, according to a study published Wednesday. The firearm-related tips received by the anonymous reporting system included potential school shootings, observing someone in possession of a weapon, bullying, and harassment or intimidation, according to the study. The Sandy Hook Promise’s Say Something Anonymous Reporting System serves more than 5 million students in sixth through 12th grade in 23 states, according to the study. Other areas use the StopIt anonymous reporting system or unique apps for students in a particular school district for students to report threats. While the topic of gun control can be politically polarizing in the US, improving mechanisms for anonymous reporting of threats by students has been met with bipartisan support.

Persons: Sandy, Sandy Hook, ”, Mary Ellen O’Toole, Robert Taylor, ” Taylor, Luke Meerman, Meerman, Rather, Dr, Sanjay Gupta, Sen, Scott Wilk, ” Wilk, Holly Yan, Annette Choi Organizations: CNN, Anonymous, Chaiken Foundation, US Centers for Disease Control, University of Michigan, CDC, International Association for Suicide Prevention, Befrienders, Public, FBI, US Secret Service, “ Research, Wake County Public School System, Oxford High School, Republican, Democratic, CNN Health, Saugus High School Locations: Wake, North Carolina, Michigan, California, Saugus, Los Angeles

UKRAINE DIVERSIONReuters spoke to around a half dozen Czech and Polish defence companies and government officials who described renewed efforts to carve out a bigger share of the African arms market as the Ukraine conflict diverts Russia's attention. Privately-held defence and civil manufacturing company Czechoslovak Group - the biggest Czech defence company - said its ability to maintain and modernize armoured vehicles using Soviet-era standards has helped it win business in Africa. ...in Poland where our stand was visited by numerous delegations from African countries that appeared here for the first time," WB Group spokesman Remigiusz Wilk said. The effort to supply Ukraine has pushed Czech companies to boost production and expand supply lines, something Czech-based independent defence analyst Lukas Visingr said has burnished the region's reputation. "The Czech arms industry is stepping up its efforts towards certain African countries still using Soviet-style equipment but who start to see Russia as a problematic supplier," Visingr said.

Persons: David W Cerny, Jiri Hynek, Filip Kulstrunk, Andrej Cirtek, Pieter Wezeman, Sebastian Chwalek, –, Remigiusz Wilk, Petr Fiala, Tomas Pojar, Tomas Kopecny, Kopecny, Lukas Visingr, Visingr, Michael Kahn, Anna Koper, Alex Richardson Organizations: Aero Vodochody, REUTERS, Western, Central, Russia Czech, Defence, Western NATO, Warsaw, Defence and Security Industry Association of, Reuters, Aero, Privately, Czechoslovak Group, CSG, Stockholm International Peace Research Institute, WB Group, WB, Ivory, Thomson Locations: Odolena Voda, Czech Republic, Russia, Africa, PRAGUE, WARSAW, European, Western, Czechoslovakia, Czech, UKRAINE, Polish, Ukraine, Stockholm, China, Saharan Africa, Poland's, Poland, Ethiopia, Kenya, Ghana, Prague, Mozambique

The auction could start a new chapter for the 113-year-old company, which has been owned by Venezuela for almost 40 years. Washington and Venezuela's political opposition wanted Citgo to anchor the country's economic future under a democratically elected government. The sale could become the biggest court auction ever held. Motiva, Valero and Citgo's ultimate parent, Venezuela's state oil company PDVSA, did not reply to requests for comment. "Citgo will be strategic for Venezuela in the next 20-25 years, not only as a refining company, but with an expanded role," director Medina said.

Persons: Biden, Citgo, Nicolas Maduro's, Matthew Blair, Tudor, Blair, Jose Ignacio Hernandez, Leonard Stark, PDVSA, PDV, Juan Guaido, Natalie Shkolnik, Wilk Auslander, Nicolas Maduro, Stark, Evercore, Conoco, Horacio Medina, Carlos Jorda, Medina, Hernandez, Marianna Parraga, Erwin Seba, Gary McWilliams, Anna Driver Organizations: U.S . State Department, Reuters, Marathon Petroleum, Motiva Enterprises, Valero Energy, Koch Industries, Valero, U.S . Treasury, Holt, U.S, Crystallex International, PDVSA, National Assembly, Citgo, PDV, Supreme, Evercore, ConocoPhillips, Exxon Mobil, Exxon, U.S . Treasury Department's, Foreign Assets Control, Thomson Locations: United States, Petroleum, U.S, Houston, Venezuela, Washington, Saudi, Pickering, Citgo, Delaware, Caracas

☆ Ticketmaster has a total stranglehold on the live event industry. Here's how some states are trying to break that.
▼ + stars: | 2023-07-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +8 min

Rafael Henrique/SOPA Images/LightRocket via Getty ImagesA California legislator is trying to strike back at Live Nation Entertainment's grip on the live events space. It was actually the ticket-buying experience for a minor-league hockey game that could lead to a large legislative setback for Live Nation Entertainment. The extent of Live Nation Entertainment's graspIn June, the American Economic Liberties Project released a report detailing the extent of the stranglehold Live Nation Entertainment has on the live events industry. Brown explained to Insider that Live Nation Entertainment has been able to become so powerful in the industry as it's vertically integrated very effectively. Live Nation Entertainment is under federal pressureThe federal government is also cracking down on Ticketmaster's reign in the entertainment industry.

Persons: Rafael Henrique, California Sen, Scott Wilk, Sen, wasn't Taylor, Wilk, Pat Garafolo, Krista Brown, Brown, Joe Biden, Samuel Corum, Amy Klobuchar, Richard Blumenthal, Klobuchar, It's, Blumenthal Organizations: Getty, California State Senate, Service, Nation Entertainment, Ticketmaster, California Senate, American Economic Liberties, Entertainment, Department of Justice, DOJ, Federal Trade Commission, Live, New York Times, Live Nation Entertainment Locations: California, Wall, Silicon, United States, AFP, Minnesota

☆ Snap loses 'respected' monetization leader to Uber amid broader executive shakeup
▼ + stars: | 2023-06-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

He is now vice president of engineering at Uber. Panda reported to Nima Khajehnouri, Snap's vice president of engineering, who has been at the company since 2015. Snap, however, recently hired Eric Young as its new senior vice president of engineering, with Khajehnouri now reporting to him. He joined Greylock earlier this year after being at Snap also since 2015 as its senior vice president of product and growth. Along with Patrick Harris in a newly created role as Snap's senior vice president of partnerships, and David Sommer as head of verticals.

Persons: Panda, Snapchat, Nima Khajehnouri, Khajehnouri, Jerry Hunter, Eric Young, Young, Hunter, Jacob Andreou, Peter Sellis, Darshan Kantak, Rob Wilk, Patrick Harris, David Sommer, Kali Hays Organizations: Uber, Google, Reuters, . Workers, Greylock, Microsoft, Meta, Facebook, Twitter Locations: khays

☆ Hunter Biden's jail-free plea deal isn't the end of his legal troubles
▼ + stars: | 2023-06-20 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Hunter Biden's criminal plea deal still needs approval from a judge — which isn't guaranteed. The plea deal, however, still must be approved by a judge. Most plea deals skate through court without any problems, but judges do occasionally reject plea deals in high-profile cases. With a plea deal, prosecutors bind themselves to recommend a particular sentence. It's unusual for a judge to reject a plea deal if the sentencing recommendations are too harsh.

Persons: Hunter, Biden, —, Hunter Biden isn't, Delaware —, Donald Trump —, Hunter Biden, Joe Biden, Ahmaud, Sarah Krissoff, Pitney, it's, Neama Rahmani, Rahmani, Jill Biden, Ashley Biden, Patrick Semansky, Krissoff, aren't, It's, Department's, David Weiss, Susan Walsh, Randy Zelin, Wilk Auslander, Zelin, He's, he's Organizations: Prosecutors, Service, Department, Washington Post, Pitney LLP, United States, West, AP, Republicans, Congress, Justice Department, Wilk, US, Biden Locations: Delaware, Manhattan, Ukrainian, Ukraine

☆ New report shows Ticketmaster controls the vast majority of the live event business, and any promises of 'transparency' just mean they'll overcharge concertgoers more brazenly
▼ + stars: | 2023-06-17 | by ( Madison Hall | ) www.businessinsider.com time to read: +6 min

Live Nation Entertainment announced new "transparent" pricing where it will display fees at the beginning of the transaction. While this has been on Biden's agenda for months, he hasn't addressed the grip Live Nation Entertainment has on the entertainment industry. Republican state Sen. Scott Wilk introduced a bill in early 2023 to ban exclusivity contracts in the ticketing industry. Ultimately, she said, it's up to the Department of Justice to investigate and potentially take action on Live Nation Entertainment. According to the New York Times, the DOJ opened an antitrust investigation into Live Nation Entertainment in late 2022.

Persons: hasn't, —, Biden, Krista Brown, Sen, Scott Wilk, Wilk, Brown Organizations: Nation Entertainment, Service, Ticketmaster, American Economic Liberties, Nation, Congress, Entertainment, California's State Senate, Department of Justice, New York Times, DOJ, Live Nation Entertainment Locations: United States, California's

☆ Snap hires new head of engineering from Google
▼ + stars: | 2023-06-05 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

June 5 (Reuters) - Snap Inc (SNAP.N) said on Monday it hired a new senior vice president of engineering from Google, the latest in a string of new recruits to advance its advertising business. Eric Young, who was previously vice president of engineering for Alphabet Inc's (GOOGL.O) Google Cloud, will oversee the core infrastructure for Snap, which owns the popular photo messaging app Snapchat. While Snap has consistently expanded its audience for Snapchat, which now has 750 million monthly users, the company has struggled to generate revenue at the same pace. While at Google, Young worked on building the tech infrastructure for products like search, ads and YouTube. His appointment at Snap comes after the company hired Rob Wilk, former head of advertising at Microsoft Corp (MSFT.O), to become president of the Americas region, as well as another Google executive to lead revenue product.

Persons: Eric Young, Young, Rob Wilk, Sheila Dang, Matthew Lewis Organizations: Google, YouTube, Microsoft Corp, Thomson Locations: Americas, Dallas

☆ Snapchat's vision of the future has dystopian vibes
▼ + stars: | 2023-05-04 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

Snap executives took the stage on Tuesday to pitch its social app to brands and ad agencies. The company said Snapchat was one of the last places for real and authentic relationships. But in highlighting one-way relationships with influencers and AI, its pitch felt dystopian. Snapchat is the one of the last places for "authentic" and "real" relationships, and therefore, a great place for brands to sell products, the company said. "We created a space for people to truly be themselves, and all along we've been building for a future that is grounded in reality."

☆ Snapchat just launched 'Creator Collab,' a new marketplace for top influencers to work with brands. Here's how it works.
▼ + stars: | 2023-05-03 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +2 min

Snapchat has introduced Collab Studio to help top influencers on the platform connect with brands. Snap is offering a new way for influencers to connect with brands to create sponsored content. Snapchat has become a creator favorite lately — its parent company Snap boasts of over 750 million monthly users on the app, most of whom open it almost 40 times a day. Snap's new Collab Studio offers brands the ability to work with four initial partners — Whalar, Beeline by Brat TV, Influential, and Studio71 — to produce video content. With thousands of creators on the platform, Collab Studio also helps companies identify the best talent for their campaigns, execute contracts, and track deliverables.

☆ Bed Bath & Beyond vows it can pull off a sale – here's what that means for shareholders
▼ + stars: | 2023-04-24 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Bed Bath & Beyond is confident it can offload its names and stores after it declared bankruptcy, but shareholders are expected to be wiped out as its stock plummets. "Bed Bath & Beyond has pulled off long shot transactions several times in the last six months, so nobody should think Bed Bath & Beyond will not be able to do so again. To the contrary, Bed Bath & Beyond and its professionals will make every effort to salvage all or a portion of operations for the benefit of all stakeholders," she added. The likelihood of finding a buyer will come down to how much Bed Bath and Buy Buy Baby's names are worth. As of late November, Bed Bath & Beyond had about $4.4 billion in assets and $5.2 billion in debts, court filings show.

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☆ Snap hires Google ad executive to help improve ad performance
▼ + stars: | 2023-04-12 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

April 12 (Reuters) - Snap Inc (SNAP.N), owner of photo messaging app Snapchat, said on Wednesday it has hired a former Google executive to help the tech company improve the performance of its digital ads. Darshan Kantak, who previously led product management for search ads at Alphabet Inc's (GOOGL.O) Google, joins Snap as senior vice president of revenue product. Snap is rebuilding its ad sales team after two key leaders left for Netflix Inc last year. Last month, Snap hired Rob Wilk, a longtime Microsoft ad executive, to lead ad sales in the Americas region. Kantak will lead the teams that develop ad formats and also focus on improving how to measure and optimize the effectiveness of Snapchat ads, the company said.

☆ The criminal case against Sam Bankman-Fried and Caroline Ellison could put jilted FTX customers in the backseat
▼ + stars: | 2023-02-02 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

The parallel criminal case against SBF, Caroline Ellison, and Gary Wang may be to blame. But they told a Delaware bankruptcy court recently that they hit a roadblock, accusing Sam Bankman-Fried and those close to him of not playing ball with them. The criminal case takes priorityEllison and Wang separately reached plea deals with federal prosecutors in Manhattan, copping to charges including wire fraud and conspiracy. But, experts told Insider, the deals require them to focus on working with prosecutors in the criminal case — even if it could be at the expense of other parties. But when both criminal and civil proceedings are ongoing, it's the criminal case that goes first in line, Snyder said.

Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter. Comparable sales declined 32% year over year in the most recent fiscal quarter, ended Nov. 26. Last week, CNBC reported Bed Bath had begun another round of layoffs in an attempt to further cut costs. One possible buyer circling Bed Bath is private equity firm Sycamore Partners, according to the people familiar with the discussions. Bed Bath has also drawn interest from companies that acquire the intellectual property, or brands, of companies, particularly those under distress, the people said.

FTX Ventures was described as a $2 billion venture fund, in its press release with Dave. FTX Ventures was allegedly part of that scheme. But the investments appear to be the first identified examples of customer money being used by FTX and Bankman-Fried for venture funding. In explicitly linking the two $100 million investments to customer money, the SEC has raised the possibility that they'll be prospects for clawbacks. FTX's $100 million investment was through a convertible note, a short-term loan of cash that FTX could convert into shares at a later date.

☆ How Microsoft can double its ad business to $20 billion
▼ + stars: | 2022-11-28 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

As the ad industry braces itself for what's sure to be a challenging 2023, we're taking a look at what Microsoft will need to do to achieve its ambitious goal of doubling its advertising business to $20 billion. Microsoft plans to grow its advertising business to $20 billion. In an interview with Insider, Microsoft Ads chief Rob Wilk shared plans to double the size of the company's ad business. Were Microsoft to reach $20 billion in ad revenue, it would overtake Chinese tech and media giant Tencent to become the sixth-largest digital ad seller worldwide, based on Insider Intelligence's estimates. Gyasi Calhoun, a front-end software engineer and developer at Twilio, said there's perks to the job, but that the industry can be stressful.

☆ Microsoft has laid down a plan to double the size of its advertising business to $20 billion
▼ + stars: | 2022-11-25 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Microsoft Advertising has ambitions to double the size of its ads business to $20 billion. Today, Wilk heads up Microsoft Advertising, a $10 billion business. Microsoft is now looking to double the size of its ads business, Wilk said, though he didn't offer a timeframe of when it might hit that target. If Microsoft Advertising were to grow into a $20 billion business, it would overtake Chinese tech giant Tencent. Gaming could become an important Microsoft Advertising assetGaming will become another key driver of Microsoft's advertising growth.

☆ 'We’re alive and kicking': CEO of banking app Dave wants to dispel doubts after this year's 97% stock plunge
▼ + stars: | 2022-11-21 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. But Dave is not capsizing, despite a staggering 97% decline in its shares, Wilk said. "We're trying to dispel the myth of, 'Hey, this company does not have enough money to make it through,'" Wilk said. "If you told me that only a few months later, we'd be worth $100 million, I wouldn't have believed you," Wilk said. "It's tough to see your stock price represent such a low amount and its distance from what it would be as a private company."

☆ How to Keep Your Job in a Recession or Find a New One
▼ + stars: | 2022-11-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +6 min

That doesn't mean you should stay put in a stable job if you're miserable, careers experts say. Workers have been worried about job cuts since the summer, with a July survey from Insight Global finding that 78% of US employees were anxious about job security in the event of recession. "There is definitely more competition for talented workers, so if people are interested in changing jobs, or getting a better job or looking for a promotion, it's a pretty good time to be doing it." Don't quit in a hurryOver half of American employees have said they'll look for a new job if there's a recession, June data from recruitment software company Greenhouse found. Be flexible about your demandsHaving a degree of flexibility during a recession can't hurt your job hunt.

☆ FTX: Customers who trusted crypto giant may be left with nothing
▼ + stars: | 2022-11-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But a liquidity crunch last week forced FTX to halt withdrawals, leaving customers and investors in limbo. In theory, FTX’s customers should get a cut of what’s left of the company’s assets at the end of the bankruptcy process. And FTT coins, the crypto token issued by FTX, have lost more than 90% of their value over the past week.) But I think this is actually good for the industry long-term.”The giant crypto exchange briefly emerged as a lifeline for FTX before reversing course last week. Correction: An earlier version of this article misstated the name of the law firm Loeb & Loeb.

☆ ‘Quiet layoffs’ are growing across Big Tech, benefiting the image and bottom line of major companies while hurting workers
▼ + stars: | 2022-10-27 | by ( Kali Hays | Diamond Naga Siu | ) www.businessinsider.com time to read: +6 min

Tech companies of all sizes are facing the brunt of a volatile economy, impacting their stability. Tech companies are having a tumultuous time. "There is nothing that prohibits an employer from doing mass PIPs or letting people go," Rella said. Using workers' performance, and setting new standards for them to be judged on, like what is happening inside Facebook, is workers bearing the brunt of mismanagement. Yet, mass PIPs are ultimately an improper usage of a management tool that should be prefaced with feedback and coaching, said Cooney of Bambee.

☆ These 15 top Microsoft Advertising execs are behind the company's plan to double its ad revenue to $20 billion
▼ + stars: | 2022-10-10 | by ( Ryan Joe | Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

Microsoft posted $10 billion in ad revenue last year and it's positioning itself to double that to $20 billion. It's signed a deal to sell ads for Netflix and is building out its Xbox ads division. But recently, Microsoft has shown signs it's regaining its advertising mojo. Microsoft posted $10 billion in ad revenue last year, and Wilk recently told Insider he plans to double that number to $20 billion, though he didn't say when. And ads are a feature in Microsoft's pending $68.7 billion deal to acquire "Call of Duty" games publisher Activision.

☆ What the corporate rule book skips: The unspoken guidelines every Gen Z worker should know to help their career
▼ + stars: | 2022-08-16 | by ( Ebony Flake | ) www.businessinsider.com time to read: +9 min

Most big companies provide comprehensive orientation programs, employee handbooks, and on-the-job lessons to get new hires up to speed. To help recently hired graduates better understand the corporate world, Insider spoke with five human-resources professionals and advisors about their advice for young workers. But Traci Wilk, the chief people officer at The Learning Experience, a national preschool franchise, says new hires especially should demonstrate their curiosity. When determining how to show up for work, new hires should weigh what the culture actually is versus what it professes to be. To that end, Walden advises new hires to sweep their social-media accounts for any posts that could be deemed inappropriate.

Persons: Traci Wilk, David Altman, McKensie Mack, Mack, Sasha Diskin, Sasha Diskin Sasha Diskin, Rob Cross, Leah Scanlan, Scanlan, Wilk, Jeanniey Walden, Walden Organizations: Starbucks, Center for Creative Leadership, Horizon Therapeutics, Babson College, Oak HC

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