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That concentration of digital ownership can create real-world harm, as a recent censorship dispute with Meta lays bare. We don’t know,” Kabas wrote in her recounting of the situation. Meta controls a whole bunch of the social media ecosystem, and that means there aren’t a lot of competitors to keep it honest. Meanwhile, all of media relies on it because content creators have to get in front of readers if they want to survive. We don’t know what happened within Meta to trigger an erroneous block of legitimate news sources last week.
Persons: CNN Business ’, Meta, Marisa Kabas, Kabas, Sherman Smith, Andy Stone, ” Kabas, , , Clay Wirestone Organizations: CNN Business, New York CNN, Facebook, Meta, CNN, Twitter, Free Speech Police Locations: New York, Kansas, Brooklyn, Meta
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
Why ‘dynamic’ pricing feels like such a scam
  + stars: | 2024-04-03 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
These are surge pricing tactics so ingrained in our consumer experience, we hardly notice or care. Wendy’s last month ended up walking back comments about its dynamic pricing plans after consumers were outraged at the notion of a dinner rush making your burger more expensive. So why does surge pricing feel like such a scam? Bertini, who advises companies on dynamic pricing models, says the problem is how badly some businesses bungle the rollout. You have to explain to customers that dynamic pricing means that, over the long run, they’re getting something out of it, too.
Persons: CNN Business ’, It’s, that’s, Wendy’s, Jordan Valinsky, Marco Bertini, ” Bertini, we’ve, it’s, Bertini, , you’re, Organizations: CNN Business, New York CNN, JetBlue, Amazon Locations: New York, Wendy’s, Barcelona
That’s kinda what happened for investors in Trump Media & Technology Group, the troubled owner of Truth Social, on Monday. Even with Monday’s stumble, the stock is still up about 200% over the past six months, giving it a $6.6 billion valuation that defies logic. Trump Media, aka TMTG, generated just $4.1 million in revenue last year. But if history repeats, or even echoes, with Trump Media, investors may want to buckle up. Bottom line: Monday’s slump is hardly game over for Trump and his social media company.
Persons: CNN Business ’, Wile, Coyote, Monday’s, Matt Egan, It’s, ” Axios, Dan Primack, , Donald Trump, David, dusts Organizations: CNN Business, New York CNN, Trump Media & Technology Group, Truth, Trump Media, GameStop, Trump Locations: New York, selloff
They are flying cars, they're flying cars,Tom Chitty: These vehicles aren't necessarily actually cars with wheels, either, because I know that you've done you've got a program coming up soon about eVTOL. And the idea is there's going to be a fleet of these run by an operator. You've alluded to this feature program we've got coming out looking at the future of these, these flying cars, basically in these eVTOLs. And also, we can't finish this episode about flying cars and eVTOLs without talking about Chitty Chitty Bang Bang, the OG. Yeah, no, that's, that's very surprising.
Persons: Tom Chitty, Arjun Kharpal, who's, I've, we've, We've, I'm, they'd, I'd, there's, Arjun, that's, we're, you've, there'll, they're, You've, Kharpal, it's, you'll, They've, Morgan Stanley, someone's, What's, they've, They're, Big Ben, Chitty Chitty Bang Bang, Chitty Bang Bang, Tom, We'll Organizations: JPMorgan, CNBC, Mar, Airbus, Archer Aviation, Joby, Infrastructure, Boeing, Heathrow Airport, Civil Aviation Administration, U.S . Federal Aviation Administration, FAA, Autonomy, London, Transport Locations: Spain, China, Europe, Munich, Germany, beyondthevalley@cnbc.com, London, Chinese, Guangzhou, Birmingham, U.S, Manchester, it's, eVTOLs, Battersea, Heathrow
Why Are Older Americans Drinking So Much?
  + stars: | 2024-03-30 | by ( Paula Span | ) www.nytimes.com   time to read: 1 min
The phone awakened Doug Nordman at 3 a.m. A surgeon was calling from a hospital in Grand Junction, Colo., where Mr. Nordman’s father had arrived at the emergency room, incoherent and in pain, and then lost consciousness. At first, the staff had thought he was suffering a heart attack, but a CT scan found that part of his small intestine had been perforated. A surgical team repaired the hole, saving his life, but the surgeon had some questions. “Was your father an alcoholic?” he asked. The doctors had found Dean Nordman malnourished, his peritoneal cavity “awash with alcohol.”The younger Mr. Nordman, a military personal finance author living in Oahu, Hawaii, explained that his 77-year-old dad had long been a classic social drinker: a Scotch and water with his wife before dinner, which got topped off during dinner, then another after dinner, and perhaps a nightcap.
Persons: Doug Nordman, Nordman’s, , , Dean Nordman, Nordman Locations: Grand Junction, Colo, Oahu, Hawaii
Those who have already swallowed the high borrowing costs to short Trump Media are getting hosed. But if the stock price keeps going up, there’s no limit to the amount you’d have to pay to replace the borrowed shares. “But…long shareholders have a much different and much more positive view” on Trump Media. Bottom line: Trump Media, trading under the ticker DJT, is a classic meme stock (if “classic” can apply to a three-year-old concept). Whether you’re going short or long, “think of that as you’re making a political statement,” said Laurence White, an economics professor at New York University’s Stern School of Business.
Persons: CNN Business ’, New York CNN —, Donald Trump’s, it’s, , Ihor Dusaniwsky, Trump, you’re, Laurence White, University’s Organizations: CNN Business, New York CNN, New York CNN — Trump, Trump Media, S3 Partners, GameStop, AMC, University’s Stern School of Business Locations: New York, New
Exactly how much Calhoun will receive isn’t clear yet, as it depends on how Boeing’s stock performs. According to Boeing’s most recent proxy statement, Calhoun is set to walk away with about $15 million worth of stock, cash and options in retirement. One estimate, according to Fortune, suggests Calhoun could walk away with $24 million, with the potential to collect $45.5 million more if Boeing’s stock goes up 37%. And while Muilenburg was denied severance pay, he still walked away with $80 million worth of stock and other assets. Even as the board heaped praise on Calhoun, Boeing’s own customers started sounding off about their frustrations with the leadership.
Persons: CNN Business ’, Dave Calhoun, he’ll, There’s, Calhoun, Dennis Muilenburg, Muilenburg, , CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, Ryanair, Avalon Locations: New York, America, Calhoun, Washington, South Carolina, Seattle
New York CNN —Former President Donald Trump doesn’t have the cash he needs to stop the state of New York from potentially seizing his assets. In a court filing Monday, Trump’s lawyers laid out the stark economic reality facing the leading Republican candidate for president. Trump’s lawyers, for their part, say the ruling is unprecedented and underwriters don’t write checks that big — even to billionaires. What could happen to Trump’s properties? James has made it clear she won’t hesitate to go after Trump’s properties if he doesn’t come up with the cash.
Persons: CNN Business ’, Donald Trump doesn’t, Arthur Engoron, Trump, Letitia James, underwriters don’t, James, , , Temidayo Aganga, Williams, Selendy Gay, Judge Engoron, Jean Carroll, Banks, ” Aganga, they’re, who’d, Mitchell Epner, Rottenberg Lipman Rich, underwriters Trump, Engoron, ” Epner, Tish James Organizations: CNN Business, New York CNN, Republican, Trump, New York, underwriters, ABC, ABC News, Financial, Trump Organization, , Forbes Locations: New York, York
Who will buy TikTok from ByteDance?
  + stars: | 2024-03-14 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
At $100 billion, there are few companies that could afford to buy TikTok outright. Citing people familiar with the matter, the Journal wrote that Kotick “floated the idea of partnering to buy TikTok to a table of people that included OpenAI CEO Sam Altman.”CNN couldn’t independently confirm the report. Its one go at the social media scene, the buggy and short-lived Ping, was one of Apple’s biggest flops. And any tech executive or private equity investor thinking of buying TikTok would need to be prepared to enter the social media quagmire. A key question in assessing the value of a TikTok deal is whether China would allow ByteDance to export its algorithm — the secret sauce that keeps TikTok users glued to their phones.
Persons: CNN Business ’, There’s, Joe Biden’s, who’d, Dan Ives, ” Ives, Who’s, , Gene Kimmelman, OpenAi, Bobby Kotick, Activision Blizzard, , Sam Altman, ” CNN couldn’t, Altman didn’t, doesn’t, quagmire, They’d, Mark Zuckerberg, Shou Chew, It’s, Trump, , Brian Fung Organizations: CNN Business, New York CNN, Senate, Microsoft, Department, Google, ” Meta, Facebook, Street Journal, Activision, ” CNN, Kotick, Apple, Oracle, Walmart, Communist Party, ByteDance Locations: New York, United States, Beijing, Europe, China
How do we solve a problem like Boeing?
  + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.
Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, , ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American
Musk’s haphazard philanthropy is under scrutiny
  + stars: | 2024-03-12 | by ( Allison Morrow | ) edition.cnn.com   time to read: +2 min
As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year. But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times. In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas. “The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.
Persons: CNN Business ’, New York CNN — Elon Musk, Tesla, , MacKenzie Scott, Jeff Bezos, , , ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic Organizations: CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX Locations: New York, Cameron County , Texas
Ultimately, it’s very high leverage,” Tomasz Piskorski, a finance professor at Columbia Business School, tells me. Even a year after that exact thing happened — Silicon Valley Bank failed after depositor demand eclipsed the value of its assets — regulators haven’t addressed the core leverage issue. The most obvious answer is one the banking industry hates: Increase the amount of money a bank is required to hold in reserve. And their go-to argument against such regulations is that they force banks to curtail loans to customers, hurting folks in the real economy. The upshot: Despite the banking industry’s protest, banks can handle much higher capital requirements (at least, according to Piskorski et al).
Persons: CNN Business ’, it’s, ” Tomasz Piskorski, there’s, Piskorski, haven’t, Jerome Powell, ” Piskorski Organizations: CNN Business, New York CNN, New York Community Bank, Columbia Business School, Valley Bank, Federal Reserve, National Bureau of Economic Research Locations: New York, Basel, stow,
That goes for MBAs as much as MFAs, and it’s a lesson Lyft executives learned the hard way on Tuesday, when an errant zero sent its stock (briefly) to the stratosphere. The Lyft typo came in an earnings report that stated, incorrectly, that the company’s estimated gross margin would expand by 500 basis points, which would amount to a stunning five-percentage-point bump. The stock shot up more than 60% before Lyft’s CFO corrected the error on a call with analysts, bringing the stock back to Earth. With the error in the rear view, Lyft shares were up up 30% Wednesday, bolstered by stronger-than-expected earnings and a rosy outlook for future cash flows. “Look, it was a bad error, and that’s on me,” Lyft CEO David Risher told CNBC on Wednesday.
Persons: CNN Business ’, History’s, , Arthur C, Clarke, Galena Biopharma, King Charles I, , David Risher Organizations: CNN Business, New York CNN, MBAs, Citibank, Citi, Mizuho Securities, NASA, New York Times, Bangladesh Bank, Reuters, Maine, SEC, CNBC Locations: New York, Mizuho, Galena
New York CNN —Netflix recently bet $5 billion on the idea that pro wrestling is due for a renaissance. The potential liability for Netflix, though, lies with World Wrestling Entertainment’s longtime puppet master and promoter, Vince McMahon. CNN: Vince McMahon has been a powerful force in American culture over the last 40 years, but I think that’s hard to convey to non-wrestling fans. Riesman: For about 40 years, Vince McMahon was the central actor and gravitational point for the American and Canadian professional wrestling industry. There’s kayfabe, and then there’s what Vince really pioneered, which is neokayfabe, a term I made up.
Persons: CNN Business ’, , Hulk Hogan, That’s, Wrestling Entertainment’s, Vince McMahon, McMahon, didn’t, Abraham Josephine Riesman, , ” Riesman, Dwayne “, ” Johnson, Steve Austin, Donald Trump, Riesman, Vince, Donald Trump’s, Vince’s, Donny Trump, Trump, Linda, I’m, It’s, There’s, You’re, you’re, Vince McMahon’s, Mr, McMahon ”, Sammy Stein — Organizations: CNN Business, New York CNN, Netflix, Wrestling, WWE, Wall Street, CNN, American, Trump, Trump . CNN, Endeavor Locations: New York, America, Canadian, Queens, United States
But this week, a Delaware state judge handed down a message that Musk and other powerful men in America seldom hear: Nope. The outcome of Musk’s pay package dispute is the latest instance of a towering, brash business leader getting put in his place by the one institution powerful enough to do so: US courts. Kathaleen McCormick struck down Elon Musk’s 2018 Tesla pay package after an investor challenged it as excessive. Kathleen Flynn/ReutersAmong the threads connecting Musk, Trump and McMahon is a history of evading negative consequences. “And if that’s the case, let that be a message to other people: The litigation system actually does work.”The pay package dispute wasn’t McCormick’s first rodeo with Musk.
Persons: CNN Business ’, New York CNN — Elon Musk, Kathaleen McCormick, who’d, Donald Trump, Trump, Vince McMahon, McMahon, Elon, Kathleen Flynn, Eric Talley, Talley, , Musk, McCormick, McCormick didn’t, “ We’ve, , ’ ” Talley, , Katie McCormick Organizations: CNN Business, New York CNN, Bloomberg, World Wrestling Entertainment, Reuters, Trump, Columbia, Twitter Locations: New York, Delaware, America
"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.
Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, , Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss
New York CNN —Office work has become a far less rigid affair in the era of remote collaboration and hybrid schedules. (Just ask me, I’m writing this in bed while wearing a hoodie and yoga pants on a Monday afternoon.) But a lot of companies haven’t updated their scripts when it comes to delivering hard news to their employees. And in both cases, the fired employees funneled their anger toward a social media audience that would have their backs. “The comments were right — it was scripted … I just basically read it, it wasn’t sincere,” she says in her second apology video.
Persons: CNN Business ’, , that’s, Kyte Baby, , James Haggerty, Eva Rothenberg, ” Kyte, Ying Liu, Liu, , “ I’ve, Matthew Prince, ” Prince, “ There’s Organizations: CNN Business, New York CNN, Corporate, Times Locations: New York, America
Read previewLiquor lockers, also known as bottle keeps, are popping up in bars and members' clubs across the globe. They allow patrons to buy a bottle of alcohol and store it at the establishment to be consumed at a later date. AdvertisementLiquor lockers provide a home away from homeThe Whiskey Locker at The Other House resident's club in South Kensington, London. "We've had members buy some exclusive bottles, come in and do exactly that — show off," he added. Though the venue has 120 spaces for bottles, Gow told BI they have been extremely popular and they're quickly running out of space.
Persons: , Priya Raj, James Semenowycz, Liam Simmons, Tom Dixon keyring, Simmons, Kyle Gow, they've, Gow, We've, It's Organizations: Service, Business, Soho House, Co Inc, Pan, BI Locations: South Kensington, London, Pan Pacific London, Edinburgh, Scotland, San Francisco, New York
Paige Bennett for InsiderIt really doesn't get any easier than this. Paige Bennett for InsiderI did wish there was some kind of garnish to make the drink feel more like a cocktail. Paige Bennett for InsiderThe first few sips were mainly club soda, which is not entirely pleasant on its own. Paige Bennett for InsiderOne of my favorite cocktail ingredients is ginger beer. Paige Bennett for InsiderThis virgin margarita was really good and refreshing.
Persons: , Aaron McCargo Jr, Geoffrey Zakarian, Ree Drummond, McCargo, Paige Bennett, Geoffrey Zakarian's, Zakarian's, margarita, Ree, I'd, McCargo Jr, we've Organizations: Service, Business, Food
Take the $16 McDonald’s meal that struck a nerve on TikTok late last year. Of course, fast food prices have gone up along with everything else in the past few years, but not by as much as the TikTok video suggests. Because the vast majority of McDonald’s restaurants in the United States are independently owned, prices vary from region to region. The social media megaphoneIn an era before TikTok or YouTube, a $16 burger moment would have lasted a few seconds. The real beefPerhaps the more significant economic takeaway from the viral McDonald’s meal is not that the meal actually cost $16 but that the man paid for it.
Persons: CNN Business ’, , , there’d, Joe Biden’s, , , Biden, Topher Olive, Olive, pollsters Organizations: CNN Business, New York CNN, New York Post, Democratic, Mac, CBS News, CNN, White, Office, Digital Strategy, Washington Post, Consumer Locations: New York, Idaho, America, United States, Darien , Connecticut
Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. Political Cartoons View All 1265 ImagesJared Goff bounced back from three picks to lead Detroit to a comeback win over Chicago last week. Jordan Love rallied the Packers to a comeback win last week over the Chargers. COWBOYS, 31-16SAN FRANCISCO at SEATTLELine: 49ers minus 7The 49ers (7-3) are healthy and back to playing at a championship caliber. VIKINGS, 24-21Last week: Straight up: 8-6.
Persons: Rob Maaddi, Jared Goff, Jordan Love, FanDuel, Kenny Pickett, Jake Browning, Joe Burrow, it’ll, Josh Allen, Geno Smith, Tua, Aaron Rodgers, Tim Boyle, Zach Wilson, Mac Jones, Bailey, Tommy DeVito, QB C.J ., DeMeco Ryans, Desmond Ridder, Derek Carr, Winston, Bryce Young, Carolina’s, Shaquille Leonard, Patrick Mahomes, They’ve, Aidan O’Connell’s, Kyler Murray, QB Dorian Thompson, Robinson, Myles Garrett, Russell Wilson, Mark Andrews, Justin Herbert can’t, Joshua Dobbs, Justin Field, ___ Organizations: AP Pro Football, Detroit Lions, Lions, Green Bay Packers, NFC, Chicago, Packers, Chargers, The Packers, Dallas, Washington, San, Seattle, LIONS, PITTSBURGH, CINCINNATI Line, Steelers, Bengals, BEST BET, STEELERS, BUFFALO, PHILADELPHIA, Eagles, Super Bowl, Kansas City, Chiefs, 49ers, Bills, WASHINGTON, DALLAS Line, Cowboys, Philadelphia, Giants . COWBOYS, FRANCISCO, SEATTLE Line, Seahawks, Rams, 49ERS, MIAMI, NEW YORK JETS Line, Dolphins, Jets, DOLPHINS, NEW YORK, Line, Patriots, Giants, PATRIOTS, JACKSONVILLE, HOUSTON Line, AFC South, Jaguars, Texans, JAGUARS, ORLEANS, ATLANTA Line, Falcons, New Orleans . FALCONS, Panthers, Titans, Tennessee, Chicago . TITANS, TAMPA BAY, Pro, Buccaneers, BUCCANEERS, LAS VEGAS, Raiders, CHIEFS, ANGELES RAMS, ARIZONA, Cardinals, RAMS, CLEVELAND, DENVER Line, Broncos, Browns, BRONCOS, LOS ANGELES CHARGERS, Ravens, underachieving Chargers, RAVENS, MINNESOTA, Vikings, Bears, Detroit, VIKINGS Locations: Minnesota, Detroit, San Francisco, Washington, New York, QB C.J . Stroud, New, CAROLINA, TENNESSEE, Chicago, TAMPA, INDIANAPOLIS, KANSAS, BALTIMORE, CHICAGO
Hate speech, whether uttered by Musk or merely endorsed by him, is amplified when the world’s richest person posts or comments on it. “It’s doubtful that Musk harbors personal animosity toward Jewish people,” wrote the Atlantic’s Yair Rosenberg earlier this year, regarding another incident in which Musk trumpeted antisemitic statements. Mezrich in recent weeks has told several interviewers about how “Elon Musk broke Twitter, and Twitter broke Elon Musk.”It’s a punchy line, and in some ways I’m sure it’s accurate. There’s plenty of evidence that Musk broke Twitter — gutted it, rebranded it, tanked its revenue, and made it unrecognizable to its most active users. But Musk was at this long before, spreading countless conspiracy theories, particularly around the Covid pandemic.
Persons: CNN Business ’, New York CNN — Elon Musk, Musk, Robert Bowers, , Jonathan Greenblatt, ” Musk, , Yair Rosenberg, Walter Isaacson, Ben Mezrich, “ Elon Musk, Elon Musk, Thomas Edison, you’ll Organizations: CNN Business, New York CNN, Whites, Twitter, Defamation League Locations: New York, Pittsburgh
New York CNN —Hollywood writers and actors are going back to work after one of the longest strikes ever in the entertainment industry. Hollywood is in a rebuilding era — a painful, awkward transition fueled by tectonic changes in technology and consumer behavior. Strikes, while disruptive, were only a blip compared with the many other existential quandaries weighing on media companies. Cable TV sign-ups have been rapidly falling for a decade, and no one believes that trend is going to reverse. Netflix and Disney aren’t just competing against each other, they’re also competing with YouTube and TikTok and endless podcasts.
Persons: CNN Business ’, Bob Iger, , , We’re, Hulu —, Peacock, HBO Max — we’re, Max, “ OTT ” —, Iger, aren’t, Harrison Ford, Disney, they’re, That’s, Barbenheimer ”, Taylor Swift, Indiana Jones, you’ll Organizations: CNN Business, New York CNN, Hollywood, Studio, Disney, Paramount, Warner Bros, Cable, Netflix, Hulu, Apple, Amazon Prime, HBO, CNN, Discovery, Disney aren’t, YouTube, Intelligence Locations: New York
There’s a conundrum that economists and political strategists have been chewing on for more than a year: The economy is good, but Americans say it’s lousy. Just 2% of voters say the economy is excellent, according to a New York Times-Siena College poll. But there’s a conundrum within the conundrum, which is that, despite what Americans say, they are not behaving like a people particularly worried about the economy. That’s why Americans are pulling money from their 401(k)s at an alarming rate to pay the bills. For young people living paycheck to paycheck, the dream of homeownership (and the financial security that comes with it) feels frustratingly out of reach.
Persons: CNN Business ’, Bidenomics, Taylor Swift, they’re, It’s, Jay Powell, it’s squishy, don’t Organizations: New, New York CNN, CNN Business, New York Times, Siena, Starbucks Locations: New York, pollsters
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