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☆ 2 former bankers turned their experience into HBO's most underrated show. Now it's finally getting the attention it deserves.
▼ + stars: | 2024-08-09 | by ( Samantha Rollins | ) www.businessinsider.com time to read: +8 min

After 2 seasons under the radar, 'Industry' is poised for its breakout seasonHarper (Myha'la) has a new role in season three of "Industry." With the "Summer of the Finance Bro" in full swing, could this be the season "Industry" finally cuts through the noise? AdvertisementWorking in finance didn't prepare the 'Industry' cocreators for running a TV setMickey Down and Konrad Kay on the set of "Industry" season three. But they were delighted to hear from some cast and crew members who told them how much they enjoyed working on season three. "I really credit finance with pushing me towards it, because it's the polar opposite of finance in some respects," Down says.

Persons: —, Mickey Down, I'm, Harper, Simon Ridgway, Konrad Kay, thrums, Bro, Kay, didn't, Jami O'Brien, They're, Yasmin, Marisa Abela, inflicts, Indy Lewis, Kenny, Conor MacNeill, Henry Muck, Kit Harington, intertwines, HBO Rich, you'd, who's, Jamie O'Brien Organizations: Service, Business, HBO, Rotten, Venetia Locations: London

Vice President Kamala Harris, the Democratic nominee for president, has chosen Gov. Tim Walz of Minnesota as her running mate, elevating a former football coach whose rural roots, liberal policies and buzzy takedowns of former President Donald J. Trump have recently put him on the map. Mr. Walz, 60, emerged from a field of candidates who had better name recognition and more politically advantageous home states. Minnesota is not a top-tier presidential battleground and is unlikely to prove critical to a Harris-Walz victory. “One of the things that stood out to me about Tim is how his convictions on fighting for middle class families run deep,” Ms. Harris said in a social media post confirming his selection.

Persons: Kamala Harris, Tim Walz, Donald J, Trump, . Walz, Harris, Walz, Tim, Ms, “, ” Organizations: Democratic, Republicans Locations: Minnesota, . Minnesota

☆ A struggling gaming company tried to destroy its rivals by creating a fake website to solicit complaints: court documents
▼ + stars: | 2024-08-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

A new court filing accuses Skillz Inc. — a struggling mobile gaming company — of trying to sabotage its rivals by creating a fake consumer advocacy website. The allegations were made in a counterclaim filed to court Monday by one of those competitors, Papaya Games. A screenshot of the 4 Fair Play website, included in a Papaya Games court filing, shows that Skillz's competitors were identified as the worst offenders — not Skillz itself. A Skillz executive provided comments on the 4 Fair Play website design, according to screenshots of a website mockup included as a court exhibit. But it said in Monday's counterclaim that Skillz games, however, do use bots.

Persons: —, Skillz, 4fairplay.org wasn't, Cash, Papaya's, Josh Levin, Levin Organizations: Service, Skillz Inc, Business, Avia, Straits Research, Apple, Bloomberg News, Skillz

☆ Alexa Von Tobel Is the Super Connector of New York's Buzzy Tech Scene
▼ + stars: | 2024-07-31 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +11 min

Inspired Capital co-founders Lucy Deland (left), Alexa von Tobel (center), and Mark Batsiyan (right) speak to portfolio companies at the firm's annual founder dinner in June 2024. Born and raised in Jacksonville, Florida, von Tobel attended Harvard University, where she graduated with a degree in psychology. AdvertisementInspired Capital co-founders Alexa von Tobel and Penny Pritzker. Inspired Capital founding partners Mark Batsiyan, Lucy Deland, Alexa von Tobel, and Penny Pritzker. Although von Tobel was on vacation outside the country, she stepped away from a fancy dinner to take McNulty Rojas's call and brainstorm solutions.

Persons: Alexa von Tobel, she's, Lucy Deland, Mark Batsiyan, It's, von Tobel, Capital's, who's, Zuckerburg, I've, Morgan Stanley, —, LearnVest, Batsiyan, Alexa, they'd, von Tobel's, Penny Pritzker, Obama, Brynne McNulty Rojas, — von Tobel, McNulty Rojas, Habi, Tobel, Von, Deland, it's, von, McNulty, hasn't, guac, She's, Benjamin Vandiver, Ivan Zhao, Lindsey Vonn Organizations: Flatiron, Business, New York VC, Harvard University, Facebook, Harvard Business School, Accel Partners, American Express Ventures, Northwest Mutual, LearnVest, Ventures, Northwest, Capital, Harvard, of Commerce, America Fund, Tiger Global Management, II, Alexa, Inc, Magazine, Winder, New York Locations: Jacksonville , Florida, New York, Deland, Miami, Latin America, York

☆ Marvel reclaims its mojo with ‘Deadpool & Wolverine’ and the return of Robert Downey Jr.
▼ + stars: | 2024-07-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

“Deadpool & Wolverine” clawed through initial analyst expectations, delivering a monster $211 million jolt to the domestic box office. The film’s massive success pushed Marvel past the $30 billion mark at the global office, making it the highest-grossing franchise of all-time. Meanwhile, the box office success coincided with the Disney-owned studio making buzzy announcements at Comic-Con. And, in a stunning announcement, Robert Downey Jr. emerged onstage as Marvel unveiled the one-time “Iron Man” actor as the franchise’s next big supervillain, Doctor Doom. But what happens when Marvel doesn’t have the Russo Brothers and Downey Jr. to lean on?

Persons: Deadpool, Russo, Robert Downey Jr, Doom, Marvel, “ Loki, ” Ryan Reynolds, Wolverine, Downey, Bob Iger’s, It’s, Marvel doesn’t Organizations: New, New York CNN, Marvel, Marvel Studios, Disney, Russo Brothers, Bob Iger’s Magic Locations: New York

☆ How Truth Social can make money for former President Trump
▼ + stars: | 2024-07-24 | by ( Carlos Waters | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Truth Social can make money for former President TrumpFormer President Donald Trump launched Truth Social to fight what the company calls liberal bias within Big Tech. After a buzzy initial public offering, the former president stands to personally profit, despite early reports of the company's low revenue and massive quarterly losses. Trump's controlling stake could cover his potential legal obligations, which mounted in the lead-up to his bid for re-election in November 2024.

Persons: Trump, Donald Trump Organizations: Trump Former, Big Tech

☆ How Truth Social could make former President Trump billions before turning a profit
▼ + stars: | 2024-07-24 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

Truth Social is a social media platform whose majority owner is former President Donald Trump. The public has limited access to Truth Social's usage data, which drives advertising sales, a key metric for success at Truth Social. Truth Social's parent company, Trump Media & Technology Group, is the product of a blank-check merger with a special purpose acquisition company, or SPAC, which was completed in March 2024. Securities and Exchange Commission filings for Trump Media & Technology Group mention a variety of risks, including that it could potentially fail to live up to its promise to generate users and advertisers. Watch the video above to learn more about Truth Social and its parent company, Trump Media & Technology Group.

Persons: Donald Trump, Michael Klausner Organizations: Truth, CNBC, Trump Media & Technology Group, Trump, TMTG's, Acquisition Corporation, Investors, Stanford Law School, Securities, Exchange, Trump Media & Technology, Social

☆ The hottest new job in AI: chief ethics officer
▼ + stars: | 2024-07-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

The buzzy bot's technology — generative AI — could write emails, produce code, and materialize graphics in minutes. Generative AI can hallucinate, spread misinformation, and reinforce biases against marginalized groups if it's not managed properly. That's where a chief ethics officer comes in. AdvertisementRight now, though, companies aren't hiring people into these roles fast enough, according to Steve Mills, the chief AI ethics officer at Boston Consulting Group. She also engages with government leaders and other chief ethics officers.

Persons: —, ChatGPT, it's, Steve Mills, Mills, Shankar, Christina Montgomery Organizations: Service, . Companies, Mckinsey & Company, Business, Boston Consulting, Fortune, International Association of Privacy Professionals, Intelligence Locations: Var, Science

☆ ‘Twisters’ and the Appeal of the Sequel
▼ + stars: | 2024-07-20 | by ( Melissa Kirsch | ) www.nytimes.com time to read: +2 min

That movie is “Twister,” the story of a lovably eclectic band of tornado chasers who follow soon-to-be-divorced Bill Paxton and Helen Hunt right into the eye of many storms. We got cows.”One friend said she watched it every single time she happened upon it on cable. As Janet Maslin wrote in The Times when the movie came out, “Somehow ‘Twister’ stays as uptempo and exuberant as a roller-coaster ride, neatly avoiding the idea of real danger.”This week, “Twisters,” a sequel to “Twister,” directed by Lee Isaac Chung, arrived in theaters. I didn’t have a deep-rooted relationship with the original film, but, fresh off my positive viewing experience, I didn’t feel like I needed another chapter. Why can’t we just make one good thing and then make another new thing that’s also good?

Persons: Bill Paxton, Helen Hunt, Philip Seymour Hoffman, Dorothy ”, Julia, Hoffman, Alan Ruck, Jami Gertz, Lois Smith, Todd Field, I’d, Janet Maslin, ’, “, ”, Lee Isaac Chung, Glen Powell, Charlie Organizations: Times

☆ Rucking is a buzzy fitness trend so I tried it. I'm fit and loved how efficiently it turned my daily walk into a challenging workout.
▼ + stars: | 2024-07-20 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

Rucking appealed to me because it seemed like a simple way to make my daily lunchtime walks more efficient. That said, it doesn't look like a normal backpack, so I did get a few strange looks as I strolled around the rural village where I live on a weekday lunchtime. It felt very different from carrying a normal backpack, too, likely due to the weight and its positioning. AdvertisementI also learned that the ruck isn't something I will just always throw on when going for my daily walk. It ended up being a great workout, and definitely left me with aching muscles the next day.

Persons: —, Rucking, rucking, Tia, Clair Toomey, Orr, I've, rucker, it's, Rachel Hosie, I'd Organizations: Service, US Army, British Royal Marines, Business, Rucker, Wimbledon Locations: London, Bulgarian

☆ I sailed on a Carnival cruise for the first time and saw why they're so popular for budget vacations
▼ + stars: | 2024-07-11 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Carnival Corp experienced record bookings in the second quarter of 2024. Its latest and 27th ship, Carnival Firenze, is a great budget option. But the food was mediocre, and the enticing upcharges could quickly push guests past their budget. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Unfortunately, the one craze I can't get fully behind is Carnival, specifically its new 5,245-guest Carnival Firenze ship.

Persons: — Organizations: Carnival Corp, Service, Business

☆ Apple seems super confident that AI will make you want to buy a new iPhone
▼ + stars: | 2024-07-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewIt seems Apple is quietly confident about the power of AI to sell iPhones. Apple's AI ambitions face challengesFor one, Apple's sagging iPhone sales have been no short-term blip. Related storiesIn its last full financial year, iPhone sales were down to $200 billion from $205 billion the previous year. It means Apple will need its AI offering to be strong enough to change consumer behaviour. AdvertisementThe bigger question looming over Apple is whether users care about AI enough to shell out for upgrade.

Persons: —, Tim Cook, Apple, EMMANUEL DUNAND, Apple's, it's, OpenAI Organizations: Service, Bloomberg, Apple Intelligence, Business, Apple, Samsung, Worldwide Developers, Google, South, Galaxy Locations: China

☆ New social-media apps are surging as people look for alternatives to Instagram and TikTok. But can they last?
▼ + stars: | 2024-07-10 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +1 min

Many new social-media apps struggle to sustain user growth after going viral. Sensor Tower data shows major incumbents like Instagram and TikTok are still dominating. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA new app hits the top of the app store, everyone is talking about it, and millions download it. According to recent data from marketing intelligence firm Sensor Tower, it is much tougher for new social-media platforms to grow and retain users compared to major incumbents like Instagram or TikTok.

Persons: — Organizations: Service, Business

☆ Kevin Bacon on His Best Movie Roles: 'Animal House,' 'Footloose,' 'X-Men'
▼ + stars: | 2024-07-10 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +13 min

On signing photos of his dead characters and spending his 'Animal House' paycheck in a weekBacon got bloody in "MaXXXine." What was worse for you, filming the arrow to the throat, or the paddling scene in "Animal House"? Universal PicturesIs it true that you spent your "Animal House" paycheck in a week? I was back waiting tables probably a month after I got back from doing "Animal House," and then I went back to acting school for a little bit. So I continued to wait tables and started looking for an agent because I didn't have an agent when I did "Animal House."

Persons: Kevin Bacon, Ren McCormack, Bacon, he'd, Eddie Murphy's Axel Foley, John Labat, Mia Goth's, Ti, Coen, Justin Lubin, John Landis, Mark, Metcalf, Bacon's, Patrick Swayze's, Jack Nicholson, Patrick Swayze —, It's, Jack Nicholson's, Jack, Tom, Cruise, —, Tom —, you've, Meryl, Streep, She's, Tim, Robbins, Sean, Penn, Laurence Fishburne, Clint, Eastwood, Matt Dillon, Murray, Matt Dillon's, Matt hadn't, Matt nixing, Matt, You've, Kevin Bacon's, Kyra Sedgwick, Travis Bacon, Gilbert Flores, Sosie Bacon, Kyra Sedgwick's, we've, who's Organizations: Payson High School, Business, CBS, Getty, Actors Guild, Variety Locations: Payson , Utah, Netflix's

☆ Joe Arden's voice made him the hottest narrator in romance. Then, a sexting scandal turned BookTok against him.
▼ + stars: | 2024-07-09 | by ( Anna Merlan | ) www.businessinsider.com time to read: +34 min

But there's no denying that a large number of people, mostly women, found Joe Arden's voice to be exceedingly hot: smooth, insistent, husky, occasionally dropping to a seductive growl. Arden's voice made him one of the most popular romance audiobook narrators of his generation. Last year, a promising new romance author reached out to Blue Nose Audio and received a reply from Joe Arden. "My working name of 'Joe Arden,' has always been just that, a professional persona that labeled my career," he added. For good measure, they dug up Cronin's abandoned trademark application for the Joe Arden moniker, first filed in 2020.

Persons: Joe Arden's, Men's, I've, Joe Arden, Joey, Arden, He's, Lauren Blakely, Vi Keeland, Meghan March, Blakely, BookTok, TikTok, Joe, Ardenmania, —, BookTok influencers, who'd, Brynne Weaver, they'd, wasn't, quizzing, Arden she'd, didn't, she'd, Arden's, sexting, he'd, Angela, Aiden Snow, Julie McKay, Blue, James Patrick Cronin, Rice, Cronin, Beatrice Colen, Patrick Cronin, manny, Max Thomas, McKay, Maxine Mitchell, Sean Zanni, Patrick McMullan, Sarah J, Brittanée Nicole, Nicole, Teddy Hamilton, Hamilton, Brynne Weaver's, it's, Brittany Lowry, Kate Stewart's, Arden isn't, pant, Shane East, Paige Reisenfeld, he's, Tor, influencer, you'd, Sean Crisden, Crisden, Maas, Craig Barritt, Arden blowup, voEROS, Arden —, who've, Kathy Haan, Patreon Organizations: Men's Health, Audio Publishers Association, Society of Voice Arts and Sciences, Arden, BI, East Tennessee State University, University of Louisville, Getty, SAG, Texas, GQ, Wired, Yorker, The New York Times Magazine, Times, Publishers, TikTok, Tantor Media, The New York Times, New York Comic Con, Communications Locations: Arden, sexting, gaslighting, TikTok, Los Angeles, East, New York City, York, LA, Audm, Ghostface Gulf, masturbate, Romanceland

☆ Could Apple become a $4T stock in the next year? At least one analyst says yes
▼ + stars: | 2024-07-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

So much for the $3 trillion club: Investors and Wall Street analysts alike are now talking about when Apple might top a $4 trillion stock market value. For those keeping score, Apple closed above a $3 trillion market value just over one year ago. AAPL YTD mountain Apple (AAPL) year-to-date performance Apple shares reached an all-time intraday high to start the week, continuing last week's terrific start to the second half of 2024. Slower iPhone sales in China, which account for nearly 20% of Apple's overall revenue, dogged the stock into April. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Siri, ChatGPT, Dan Ives, Wedbush, Jim, Gillette, Jim Cramer's, Scott Eells Organizations: Wall Street, Apple, Microsoft, Nvidia, Apple Intelligence, Developers, Services, Cook & Co, CNBC, Nasdaq, Bloomberg, Getty Locations: China, New York

☆ Retiring early sounds like the dream — but not achieving FIRE could actually help you live longer
▼ + stars: | 2024-07-06 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Read previewBeing part of the financially independent / retire early movement sounds like the dream. Members of the "FIRE" movement prioritize living frugally to save and invest as much of their income as possible, creating a huge nest egg that enables them to retire early. Longevity is also a buzzy topic, and research suggests that people who live longer tend to have a strong sense of purpose. As many people get this purpose from work and their careers, could retiring early be detrimental to our health? But she said that evidence suggests the potential benefits of working or retiring vary from person to person.

Persons: —, Karen Glaser, Glaser, WHERL, Drazen Zigic Organizations: Service, Business, gerontology, Kings College London, University of Glasgow, Ageing, FIRE, Aging

☆ A 102-year-old who runs a business shares her longevity tips, including walking every day
▼ + stars: | 2024-07-03 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She doesn't see her age as a reason to change, she told Women's World in May. Related storiesSzekely walks at least a mile each day, which she likes to do in local parks, she told Women's World. AdvertisementHer daily breakfast consists of bananas and yogurt, according to Women's World, but she doesn't shy away from the occasional treat — her favorite is coffee ice cream. Stay positive and have no regrets"The world has tons of problems, and you can't do anything about them," Szekely told Women's World.

Persons: —, Deborah Szekely, Szekely, Women's, Deborah, she'll, Barrons, Dietitian Elena Paravantes, it's, Szekly Organizations: Service, Rancho La Puerta, CNBC, Business, Pew Research, Research, Purdue University , Indiana Locations: Baja California, Mexico

☆ A doctor says our gut microbiome affects our hormones. He shared 3 things he avoids to stay healthy.
▼ + stars: | 2024-07-02 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Read previewA scientist and doctor who researches the role of the gut microbiome in our body's hormonal processes shared three things he avoids for his gut health. It's no surprise, then, that the global gut health supplement market has been valued at $12 billion. AdvertisementHere are three things he avoids for his gut microbiome. When we eat red meat, the bacteria in the gut make "dangerous" metabolites when digesting it, he said. AdvertisementAntibioticsAlthough antibiotics are crucial for treating infection and save millions of lives every year, they also disrupt the gut microbiome.

Persons: —, It's, Dr, Max Nieuwdorp, Nieuwdorp, he's Organizations: Service, Business, American Heart Association, Biology, UCLA Health Locations: Netherlands, Cavan, UPFs

☆ American Express is taking control of restaurant reservations
▼ + stars: | 2024-07-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Trying to get a table at a buzzy new restaurant in New York or Los Angeles? American Express already owns Resy, a rival restaurant booking app, and gives special table access to Amex customers that are not available to other customers. But experts say that Amex’s acquisition gives the credit card company more control over velvet rope access to dinner — and who is shut out. It may help restaurants attract Amex customers with deeper wallets, said Alex Susskind, a professor of food and beverage management at Cornell University. Restaurant owners and merchants have also complained about the fees credit card companies charge businesses, and it could open a new door for fees.

Persons: you’re, Rajesh Bhardwaj, Amex, —, ’ “, ” Joseph Nunes, Alex Susskind, ” Organizations: New, New York CNN, American Express, American, Delta SkyMiles Reserve, University of Southern, Cornell University Locations: New York, Los Angeles, New York City, United States, Resy, University of Southern California

☆ VidCon 2024 showcased the internet's hottest stars you may never have heard of. Here are 7 top takeaways from the annual creator industry conference.
▼ + stars: | 2024-07-01 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +8 min

The names fans gushed over at this year's VidCon creator conference, held last week in Anaheim, California, weren't the influencers you might expect (or maybe I'm just getting old?) Here are seven top takeaways from VidCon 2024, from the reign of Minecraft streamers to the struggles of once-buzzy startups:Creator collective, Krew, meeting fans at VidCon. Fans of these Minecraft creators lined up outside the convention center each morning, often dressed in cosplay related to the creator's videos. Last year, creator startups made a huge splash at VidCon. Related storiesBut this year, traditional media companies replaced creator startups as sponsors.

Persons: —, Jessica Bravura, Bravura, Products Amjad Hanif, Patrick Stevenson, VidCon, Tara, Alpha, TikTok, Tara Yummy, Jake Webber, Johnnie Guilbert, Hank, John Green, Amanda Perelli, Instagram, Meta, Ray, Twitch, Alix Earle, Jake Shane, Braxton Berrios, Dave Benett Organizations: Service, YouTube, Business, Products, White, Leadership Summit, SXSW, Cannes Lions, Merrell Twins, Publish Press, Disney, Hyatt Regency, YouTube Gaming, Hyatt, Facebook, UTA, Riviera, Cannes Locations: Anaheim , California, Bravura, VidCon, Spotify's, Australia

☆ A new era of smartphone wars is about to begin
▼ + stars: | 2024-06-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Competition may have died down but the original smartphone wars were so intense for Steve Jobs he once declared that he'd start a "thermonuclear war." Smartphone wars in the AI eraThe smartphone market has been lagging. The company will be banking on Apple Intelligence being a hit with consumers, potentially revitalizing sales in markets like China. Samsung Galaxy S24 lineup. SamsungThe South Korean tech giant must be hoping to regain its crown as king of the smartphone market.

Persons: —, Steve Jobs, Jobs, Walter Isaacson, Justin Sullivan, Assurant, Tim Cook, Siri, Apple, OpenAI, iPhones, Wang Gang, it's Organizations: Service, Apple, Samsung, Business, Android, Google, Samsung Galaxy, Samsung's, Apple Intelligence, Worldwide, Huawei, Project Astra, Galaxy, South, IDC Locations: China, Paris

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ Investor Neil Hennessy says megacap tech trade is 'over' and to buy these two stocks instead
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Neil Hennessy said investors need to look at value stocks that offer attractive price-to-sales multiples and avoid what he sees as a dying "Magnificent Seven" trade. While Hennessy admitted that the Magnificent 7 stocks have performed well, he said their average price-to-earnings multiple sits at around 47 while their price-to-sales multiple is above 12. "The reality of our world is money is shifting over to value," said the University of San Diego alum. But Hennessy said the stock is attractively priced, with a price-to-sales multiple of 0.9 and P/E ratio of just 7. But the average price target implies the stock can turn around and surge more than 27% over the coming year.

Persons: Neil Hennessy, Hennessy, I'm, SPX Organizations: Oshkosh Corp, University of San Diego, Oshkosh, LSEG

☆ Joshua Kushner's Thrive Capital makes a further push into entertainment, backing A24, the studio behind Euphoria and Uncut Gems
▼ + stars: | 2024-06-26 | by ( Ben Bergman | Lucia Moses | ) www.businessinsider.com time to read: +1 min

Thrive Capital backs A24, adding Hollywood to its diverse investment portfolio. A24 is famous for hits like "Everything Everywhere All At Once" and HBO's "Euphoria." 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 . This story is available exclusively to Business Insider subscribers.

Persons: Joshua Kushner, —, Slack, Hims, Bird Organizations: Hollywood, Service, Spotify, Plaid, Business Locations: New York

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