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☆ The strange, improbable rise of Mark Zuckerberg 3.0
▼ + stars: | 2023-07-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +27 min

In early July, Mark Zuckerberg unveiled the latest and perhaps most consequential product in Meta's history: a new model of Mark Zuckerberg. Silicon Valley Zuck was a husband and father with a legacy to build and protect at all costs. Silicon Valley Zuck was suddenly faced with something he'd never dealt with before, shrinking revenue. Still clinging to his persona as Silicon Valley Zuck, Zuckerberg engaged in an all-out media blitz to hawk his vision for the metaverse. They were the sort of people Harvard Zuck would have scoffed at and Silicon Valley Zuck would have gently ignored.

Persons: Mark Zuckerberg, Elon Musk, Joe Rogan, Zuckerberg, Clark Kent, TikTok, Sheryl Sandberg, Mike Schroepfer, Wall, McKinsey Zuck, Rogan, Meta, Harvard Zuck, —, Priscilla Chan, Ray's, pullover, Harvard Zuck —, Dianna, Mick, McDougall, Paul Sakuma, Zuckerberg's, Apple, Facebook, he'd, That's, Frances Haugen, Chris Cox, Zuck, Zach Gibson, Meta's, Sandberg, Marne Levine, who'd, Javier Olivan, he's, bode, Bain, Maher Saba, Lori Goler, He's, He'd, Katie Harbath, it's, Andrew Bosworth, Bosworth, Mark Zuckerberg McKinsey Zuck, Mark Shmulik, Bernstein, Augustus, Julius Caesar, Kali Hays Organizations: Meta, Menlo, Harvard, Apple, McKinsey, Business, Facebook, Cambridge, Capitol, Labs, Menlo Park, Q, Bain & Company, Reality Labs, Wall, Mark Zuckerberg McKinsey, Phillips Exeter Academy, Tech, Twitter Locations: California, Hawaii, United States, Davos, Silicon, contrition, Meta, verbiage, Harvard, Rome

☆ 'Oppenheimer' doesn't get Einstein's relationship with the Los Alamos director quite right. Here's what they really thought of each other.
▼ + stars: | 2023-07-28 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

In reality, Einstein and J. Robert Oppenheimer knew each other but weren't friends until much later. The movie focuses on J. Robert Oppenheimer, who led the assembly and testing of the first-ever atomic bomb at Los Alamos in New Mexico. Einstein and Oppenheimer disagreed on a key issue: the governmentOppenheimer (right) standing with General Leslie Groves of the US army. Out of fear the Nazis would develop and use a nuclear weapon, Einstein wrote the letter that convinced President Franklin D. Roosevelt to launch an atom-bomb program. Einstein the outsider, Oppenheimer the disgraced insiderJ. Robert Oppenheimer in 1950.

Persons: Albert Einstein, Christopher Nolan, Oppenheimer, Einstein, J, Robert Oppenheimer, Nolan, Alex Wellerstein, Corbis, who'd, Edward Teller, Wellerstein, Arthur Compton, Leslie Groves, Einstein wasn't, wouldn't, Franklin D, Roosevelt, Lewis Strauss, Strauss Organizations: Service, Manhattan, Princeton, New York Times, Manhattan Project, University of Chicago, Times, Getty, Trinity, National Security Research, United Locations: Wall, Silicon, Los Alamos, New Mexico, Princeton, United States

☆ I'm a 23-year-old entrepreneur who made $120,000 last year. Here's how I built multiple income streams.
▼ + stars: | 2023-07-27 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I started my blog, "I'm Sweaty And I Know It," where I wrote about exercise, health, recipes, and mental health. One of my first viral TikTok workouts was called "Not in the mood to workout, try this workout for unmotivated days." I made money through YouTube adsWhen I reached 1,000 subscribers on YouTube, I started making money from AdSense. Launching a paid-for app was dauntingI felt that too many YouTube workouts had clickbait headlines about losing weight. I was terrified that no one would subscribe because they'd been used to my free workout classes.

Persons: Callie Jardine, Jardine, I've, who'd, they'd Organizations: YouTube, Free Locations: Palm Beach , Florida, Barre, Canada, AdSense

☆ Sam Bankman-Fried could be headed to jail. Prosecutors say he tampered with a witness by sharing ex's diary entries — and want him locked up
▼ + stars: | 2023-07-26 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Prosecutors want to send Sam Bankman-Fried to jail over alleged witness tampering. Prosecutors asked a federal judge Wednesday to send Sam Bankman-Fried to jail after he leaked his ex-girlfriend's private Google Docs to the New York Times. Bankman-Fried's lawyers said his interaction with the journalist was just addressing his overwhelmingly negative press, but prosecutors say it was much more than that. Bankman-Fried sent more than 100 emails to journalists and made 1,000 calls to journalists, prosecutors say. He called the New York Times journalist who wrote the story based on the leak 100 times, they said.

Persons: Sam Bankman, Caroline Ellison's, Danielle Sassoon, Lewis Kaplan, Caroline Ellison, who'd, Ellison, Fried, FTX, Ms, Sassoon, Mark Cohen Organizations: Prosecutors, New York Times, US, Alameda Research, Google, Bankman Locations: Manhattan, York

☆ A Russian soldier said he was shot in the leg fighting in Ukraine then sent back out 10 days later, where he was shot again
▼ + stars: | 2023-07-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Russian soldier said he was shot in the leg, sent back to the front after 10 days, and shot again. CNN interviewed the soldier, Sergei, twice: once when he was in a military hospital, and again last week. Sergei told CNN that he was shot in the leg over the winter but was sent back out after only 10 days of treatment. He was injured again when Ukrainian troops dropped a grenade into a foxhole where he and another Russian soldier took cover. "Sometimes we didn't eat for several days, we didn't drink for several days," Sergei said.

Persons: Sergei, Sergei's, who'd Organizations: CNN, Service Locations: Russian, Wall, Silicon, Ukraine, Russia

☆ HGTV's Galey Alix wants to be a star. Will the spotlight crush her — or set her free?
▼ + stars: | 2023-07-25 | by ( Anna Peele | ) www.businessinsider.com time to read: +19 min

Alix is the creator and star of the HGTV show "Home in a Heartbeat With Galey Alix," which premiered in April and streams on Max. Galey Alix Gravenstein comes from a family of overachievers. Alix got to work with Jay Delgado, remaking Calloway's blank white box into a Galey Alix take on a rich person's beach house. In April 2021, Parker, who had no renovation experience, offered to help Alix with an install. He and Lauren Parker insist Alix is OK because she's able to ask people like them for help without fear.

Persons: Galey Alix, Nancy Meyers, Dale Moss, Alix, semiprivate, fiancé, Goldman Sachs, Joanna Gaines, Drew Scott, Alix gravitates, Jay Delgado, PJ Fetscher, Instagram, she's, she'll, Sonya Revell, —, It's, Goldman, I'm, Galey Alix Gravenstein, she'd, Alix didn't, Alix's fiancé, Carrie Calloway, who'd, Mac, Calloway, I'd, Lauren Parker, Parker, Delgado, Fetscher, Kay Marryshow, she's fallible, Phil, Alix's Instagram, it's, She's, Moss, of Moss, he's, Rebecca Zisser, Crystal, Anna Ruiz, Agency Gerard, Ester Gattuso, Susana Betancourt Organizations: grays, Goods, Fort, HGTV, Goldman, Target, University of Florida, Home Depot, Parker, Netflix, Crystal Cox, Agency, Agency Gerard Artists Locations: Italian, Fort Lauderdale, Max, Florida, overachievers, New York, Connecticut, fiancé's Connecticut, Westport , Connecticut, Target, Instagram, Australia, London, India , Puerto Rico, Wyoming, Orlando, peeking

☆ An ex-Guantanamo Bay detainee says he still remembers Ron DeSantis smiling at him from behind a fence while he was being force-fed: 'You cannot forget that'
▼ + stars: | 2023-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

An ex-Gitmo detainee said Ron DeSantis smiled at him as he was being force-fed, per The Daily Beast. The remarks come from an unaired documentary transcript detailing DeSantis' time as a Navy lawyer. Ron DeSantis smiled at him from behind a fence while watching him get force-fed, per the Daily Beast. This stands in stark contrast to a 2018 CBS interview, during which DeSantis told a reporter that JAG legal advisers told Guantanamo Bay commanders that people "can force-feed" and laid out the "kind of the rules for that." In the Al Jazeera piece, Adayfi said DeSantis wasn't the person who ordered that the hunger strike be broken violently — he just watched.

Persons: Ron DeSantis, Mansoor Adayfi, Adayfi, DeSantis, I'm, Al Organizations: Navy, Service, Guantanamo, Florida Gov, Daily, Florida Republican, US Navy, Showtime, Hollywood, CBS, Washington Post Locations: Wall, Silicon, Florida, Qaeda, Serbia, Guantanamo, Al Jazeera

☆ I finally landed a 6-figure book deal after 20 years of trying to become an author. Here's how I did it.
▼ + stars: | 2023-07-19 | by ( Melissa Petro | ) www.businessinsider.com time to read: +6 min

Melissa Petro is a freelance writer, writing instructor, and author in New York City. Days after my story was publicized, my writer friends and other industry folks begrudgingly congratulated me on my presumably imminent book deal. It took about two years to write the book proposal, and I wrote the book in about nine months. She was a Facebook friend of mine whom I saw left her job as a book editor to become a literary agent, so I reached out to her. After working with her to craft my book proposal that ultimately sold, it was a different book — a better one.

Persons: Melissa Petro, I'd, NYC Department of Education —, that's, begrudgingly, who'd, you'll, I've, bylines, it's, she'd, They'll Organizations: Service, Big, Fine Arts, New York Post, NYC Department of Education, Putnam Books, Penguin Random, PEN Locations: New York City, Wall, Silicon

☆ How the scammer selling NYC socialites fake Birkins got caught
▼ + stars: | 2023-07-17 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +3 min

George Mickum, Gillian Hearst's former BFF, sold the heiress and his other rich friends fake Birkins. But the first red flag should have been a forged Hermès receipt that featured the wrong font. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later. It was floppy, like a bouncy castle that had lost half its air, instead of having the architectural stiffness of a real Hermès bag. The HAC was one of at least six fake Hermès bags Mickum had sold to friends, including Hearst.

Persons: George Mickum, Gillian Hearst's, Courroies Birkin, Mickum, Alexis Clarbour, Clarbour, —, Mickum's, Goodman, who'd, Hearst Organizations: Service, New, Rue du Faubourg Saint, Madison, Couture, Nike, Hearst Locations: Wall, Silicon, New York, Paris, Rue, Clarbour

☆ Robert F. Kennedy Jr.'s own sister is slamming the candidate over his baseless suggestion that COVID-19 was 'ethnically targeted' to spare Jews and Chinese people
▼ + stars: | 2023-07-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

The people who are most immune are Ashkenazi Jews and Chinese," Kennedy Jr. said at the event. "His statements do not represent what I believe or what Robert F. Kennedy Human Rights stand for, with our 50+ year track record of protecting rights and standing against racism and all forms of discrimination." Kerry Kennedy, the seventh child of the late Robert F. Kennedy and Ethel Skakel Kennedy, is currently the president of Robert F. Kennedy Human Rights, a nonprofit human rights advocacy organization. Former Rep. Joe Kennedy III of Massachusetts on Monday also spoke out against Kennedy Jr.'s remarks. But Kennedy Jr. in recent weeks has been ramping up his campaign, with his most recent comments further attracting attention.

Persons: Kerry Kennedy, baselessly, Joe Biden, Robert F, Kennedy Jr, Kennedy, Kerry Kennedy chimed, untruthful, Ethel Skakel Kennedy, Joe Kennedy III of Massachusetts, —, Donald Trump, Nobody Organizations: RFK Jr, Democratic, Service, The New York, Kennedy Human, Former Locations: Wall, Silicon, Manhattan

☆ How to save San Francisco
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. Paul Chinn/The San Francisco Chronicle via Getty ImagesThis is just a matter of good old-fashioned supply and demand. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville

☆ San Francisco’s ‘doom loop’ is a warning for every American city. Here’s how we can fix it — before it’s too late.
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

If you want to rile up a San Francisco native, mention the doom loop. But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

☆ How the hidden story of the most lethal Marine Corps sniper came out after decades of secrecy and what happened when it did
▼ + stars: | 2023-07-15 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

The deadliest Marine sniper by number of confirmed kills is Chuck Mawhinney. The Vietnam War was a brutal conflict that left many of the service members who survived it with invisible scars. In Vietnam, Mawhinney "figured he'd never make it home alive," according to "The Sniper," a new book by Jim Lindsay written with input from the marksman. "Chuck" Mawhinney poses with a replica of the M40 sniper rifle he used during the Vietnam War. Another author of a series of books on snipers, Peter Senich, was able to use his connections with the Marine Corps archives to access Mawhinney's kill sheets showing 103 confirmed kills, officially making him the deadliest Marine sniper.

Persons: Chuck Mawhinney, wasn't, Charles, Chuck, Mawhinney, Jim Lindsay, wouldn't, George Gill, Gill, Charles B, Garrett White, Joseph Ward, Ward, who'd, Carlos Hathcock, Norm Chandler, Peter Senich, Jayson Jacoby, Lindsay, he'd Organizations: Service, US Marine Corps, Marine Corps, Forest Service, Marine, Baker City Herald, Associated Press Locations: Vietnam, Wall, Silicon, Oregon, Baker City

☆ Biden administration forgives $39 billion in student debt for more than 800,000 borrowers
▼ + stars: | 2023-07-14 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. The relief is a result of fixes to the student loan system's income-driven repayment plans . The Biden administration announced on Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers. To bring people over the line for forgiveness, the Biden administration counted payments for borrowers who'd paused their payments in certain deferments and forbearances and those who'd made partial or late payments. The announcement comes weeks after the Supreme Court struck down President Joe Biden's sweeping student loan forgiveness plan, which would have delivered relief to about 37 million people.

Persons: Joe Biden, Biden, Education Miguel Cardona, who'd, Joe Biden's Organizations: Education, The Education Department

☆ Prigozhin outsourced violent beatings of those who angered him to a man dubbed 'The Teacher,' who'd then send him photos: report
▼ + stars: | 2023-07-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Wagner boss Yevgeny Prigozhin had a man dubbed "The Teacher" who beat up employees, according to The Project. "The Teacher" beat up people who'd fallen out of favor in a basement, the report said. An ex-staffer told the outlet he would send Prigozhin photos to see if the beatings should continue. A man dubbed "The Teacher" beat up employees in a basement in Prigozhin's office, according to the report. The Wagner Group gained global attention for its brutal tactics and for its role in the conflict in Ukraine, where it sent thousands of mercenaries and released prisoners.

Persons: Wagner, Yevgeny Prigozhin, Vladimir Putin, Vyacheslav Tarasov, you've, Prigozhin, Putin Organizations: Service, Wagner Group, Independent, Kremlin Locations: Wall, Silicon, Independent Russian, Ukraine, Africa, Prigozhin, Russian, Moscow, Belarus

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ 100 days captive: Journalist Evan Gershkovich is one of my closest friends. Here's what the world needs to know about him.
▼ + stars: | 2023-07-07 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +9 min

The journalist Evan Gershkovich has been in captivity in Moscow for 100 days on espionage charges. My friend Evan Gershkovich, many of you now know, was captured by the Russian government on March 29. Evan loves his friends. Evan loves the Mets, and he loves Arsenal, and he especially loves sharing those teams with people who aren't already under the spell. Natalia Kolesnikova/AFP/Getty ImagesLet's bring Evan homeFor everyone who is friends with Evan, for everyone in his orbit, he's the center of their world.

Persons: Evan Gershkovich, He's, extrovert who'd, Jeremy Berke, Evan, he'd, Gershkovich, It's, —, Yevgeny Prigozhin, Berke, He'll, we'd, Natalia Kolesnikova, — who've, Let's, we've, We've, he's, I'm, Jeremy Organizations: Moscow, Morning, CNN, Wall Street, Bowdoin College —, New York Times, Russia's, Muscovites, West, Arsenal, Mets, Court, Getty, Columbia Business School Locations: Moscow, Russian, New York, Soviet Union, New Jersey, Russia, Ukraine, Brooklyn, AFP

☆ I know Evan Gershkovich, who has now been imprisoned in Russia for 100 days. Here's what I want you to know about one of my closest friends.
▼ + stars: | 2023-07-07 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +9 min

☆ Bloggers who turned their side hustle into their main income share 6 ways they make more than $100,000 from their blogs
▼ + stars: | 2023-07-07 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

To find her audience, North created a Facebook group, called Get US Citizenship, where she shared blog posts from her website. "Then you could write 10 blog posts on one topic cluster and another 10 blog posts around another cluster." She said that using affiliate platforms such as ShareASale helped keep affiliate marketing passive. Reach out to brands for partnershipsNorth said brand partnerships could be more lucrative than affiliate marketing. "It's more labor-intensive than affiliate marketing, but it's more tailored as well,"she said.

Persons: Samantha North, she'd, Jasper, ChatGPT, Bonds, Whitney Bonds, Jobs, North, who'd, ShareASale, — Organizations: Union, Google, Facebook, North Locations: Portugal, Europe

☆ ESPN's layoffs underscore its desperate need for a post-cable lifeline, but analysts are split on Disney's streaming plan that puts $20 billion of revenue at risk
▼ + stars: | 2023-07-07 | by ( James Faris | ) www.businessinsider.com time to read: +13 min

But that plan carries serious risk, as it would jeopardize still-sizable cable revenue without guaranteeing that enough sports fans would support such a product. Several other analysts — including Barton Crockett of Rosenblatt Securities, who has a buy rating for Disney shares — seconded those concerns about cannibalizing cable revenue. Nollen estimated 35 million current cable customers would switch to ESPN DTC. ESPN DTC is zero incremental cost and potentially billions in incremental revenue." An ESPN streamer (in light purple) would gradually drive revenue for Disney, Wells Fargo predicts.

Persons: Disney, that's, Jalen Rose, Todd McShay, Bob Iger, Macquarie's Tim Nollen, Nollen, Barton Crockett, —, Crockett, who'd, Will, you've, they'll, William Cohan, Cohan, Joe Bonner, Bonner, Brandon Nispel, Iger, Nispel, We've, Jason Bazinet, Bazinet, Hulu —, Wells Fargo's Steven Cahall, Cahall, Wells Organizations: ESPN, Disney, Bank of America, NBA, Sports, ESPN Disney's ESPN, Rosenblatt Securities, ESPN DTC, Will Disney, Citigroup, NFL, NBC, Apple, Comcast, NBC Sports, Netflix Netflix, Hearst, Argus Research, Netflix, KeyBanc, Hulu, DIS, Wells Fargo Sports Locations: Wells Fargo, it's, Wells, Hulu, Puck

☆ Inside Reddit's path to an IPO, where employees see 'thrash' from constant pivots and say more managers may leave amid a flattening
▼ + stars: | 2023-07-05 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +6 min

Reddit employees say the company has a bloated leadership structure with too many managers. They described some leadership moves and road-map changes that caused what one employee described as "thrash." Managers who attended the summit told employees that leadership suggested the company would in the second half of the year consolidate teams with managers overseeing fewer than six employees, two employees said. Leadership shake-upsReddit had some leadership changes earlier this year. Three employees described Lobez's departure as a surprise, as he was well liked within the data-science organization.

Persons: Reddit, Mark Zuckerberg, Shopify, Reddit hasn't, Steve Huffman, Jack Hanlon, Hanlon, Reddit's, Jose Lobez, Tyler Otto, who'd, Huffman, —, Lopez Organizations: Employees, Meta, Reddit Locations: New York City, Hipmunk

☆ Helping investors buy thousands of run-down houses on the cheap was to be the specialty of this proptech. Not even Dr. Phil could save it.
▼ + stars: | 2023-07-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

Stech told the wholesaler that the woman deserved some of that profit. "He looked me square in the eyes and said, 'That's all she said she needed,'" Stech told Dr. Phil. But Sundae, Stech said, marketed homes directly to investors, who would bid up the price in an effort to win the property. Two of the former Sundae employees told Insider that they often had to make determinations about the mental fitness of their elderly customers. When Insider asked Canavari about the layoffs in June, she told Insider that she was leaving the company herself.

Persons: Sundae, it's, Josh Stech, Phil, Phil —, —, Phil's, Stech, who'd, Andrew Swain Sundae, Peter Thiel's, Will Smith, Isaiah Thomas, HomeVestors, Susan Canavari, Canavari, Phil McGraw, Chris Terry, Terry, Opendoor, I'd, Dawn Tarner, Beth Sallomi Organizations: Fund, Investors, Getty, Facebook Locations: Sundae, Vegas, mailers, Atlanta, Florida

☆ 7 slang terms you'll only hear at Trader Joe's, according to current and former employees
▼ + stars: | 2023-07-04 | by ( Kaila Yu | ) www.businessinsider.com time to read: +5 min

Insider spoke to current and ex Trader Joe's employees about the slang terms used to do their jobs. Insider spoke to current and former Trader Joe's employees who shared some of these slang terms and their definitions. Mates and merchantsInstead of calling their workers employees, Trader Joe's has nautical titles for positions. Opportunity buyIf you see something labeled "opportunity buy" at your favorite Trader Joe's, scoop it up ASAP because there's a limited supply. Applied to Trader Joe's products, it means that a poorly performing product needs to get out of the way.

Persons: —, Joe's, who've, you've, Gabrielle Rojas, Rojas Organizations: Service, Merchants, Houston, Little Rock Locations: Little Rock , Arkansas, Houston , Texas

☆ Supreme Court strikes down Biden's student loan forgiveness plan
▼ + stars: | 2023-06-30 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Supporters of student debt forgiveness demonstrate outside the US Supreme Court on June 30, 2023, in Washington, DC. Olivier Douliery | AFP | Getty Images"Under the Secretary's plan, roughly half of all federal borrowers would have their loans completely discharged," Roberts wrote. How student loan forgiveness got to the Supreme CourtSupreme Court justices listen to arguments. watch nowTwo of those legal challenges made it to the Supreme Court: one brought by six GOP-led states — Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina — and another backed by the Job Creators Network Foundation, a conservative advocacy organization. While the justices' decision largely matched the predictions of many legal experts, some saw it going another way, especially after the Supreme Court heard oral arguments for the two challenges to the president's plan at the end of February.

Persons: Olivier Douliery, Roberts, Persis Yu, who'd, Biden, Bill Hennessey, he'd, Grant, overreach, Jed Shugerman, Elizabeth Prelogar Organizations: AFP, Getty, U.S . Department of Education, Consumer, Student, Protection, Supreme, U.S . Department of Justice, Heroes, Republican, GOP, South Carolina —, Job, Network Foundation Locations: Washington ,, Missouri, delinquencies, U.S, — Nebraska , Missouri , Arkansas , Iowa , Kansas, South Carolina, Fordham

☆ Startup studio Fractal created 130 companies in 3 years. Founders say the deal structure has led VCs to 'blacklist' them.
▼ + stars: | 2023-06-29 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +19 min

www.fractalsoftware.comOf the dozens of Fractal startups that have raised a seed round of funding, about half had Bienville Capital lead the deal, according to people familiar with the matter. Others say they knew what they were getting into with a venture studio, where a large ownership position is standard. Brendan Smialowski/AFP via Getty ImagesThe biggest draw for some Fractal founders was its plug-and-play approach. The founder of one Fractal startup remembered a time when his company was struggling to grow its customer base. That firm is raising a new $325 million fund to provide additional funding to Fractal companies exclusively, according to a person familiar with the effort.

Persons: Fractal's, he'd, they'd, Andreessen Horowitz, Mike Furlong, Nate Baker, Bienville, —, Brendan Smialowski, Founders, Angela Lee, Furlong, Baker, Ezra Shaw, who'd, who's, It's, Lee, She's, 8VC, Bain, Jeff Greenberg, Omri Bloch, who've, didn't, Stephanie Palazzolo, Melia Russell Organizations: Flatiron Health, Bienville, Insight Partners, Bienville Capital, Getty, Columbia Business School, Alpha, Midwest, Science, Olympic Club, Tiger Global, Craft Ventures, Founders, Vertical Venture Partners, Zag, Crew Capital, Bain Capital, Universal, Foundation, Fifth Locations: Bienville Capital, New York, Bienville, Indio, AFP, Santa Monica , California, Miami, San Francisco, GreenSpark, Columbia, Barti, Aktos, Bessemer, 8VC

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