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☆ YouTube's CEO on hefty creator payouts, election deniers, and the NBA: Q&A
  + stars: | 2024-09-18 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +11 min
Why do you think that's the case? Have you thought about how you're going to handle people saying that the election was fraudulent? Related storiesIt's not what gets talked a lot about, but that's actually what users experience. But there's going to be people who go, "What happened to so-and-so conspiracy theorist? I'd heard, and I think there's been some reporting out that you guys made an offer for that package.
Persons: We've, Neal Mohan, Mohan, —, Snapchat, they're, we've, They're, it's, Donald Trump, that's, Rudy Giuliani, what's, I've, I'd, there's Organizations: Service, YouTube, Google, CNN, New York Times, Fox News, ABC, Elon Musk, Twitter, NBA, Warriors Locations: India
☆ It took Larry Ellison just a single day to make enough money to buy Paramount
  + stars: | 2024-09-17 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Oracle stock is surging because of AI. That means Oracle cofounder Larry Ellison's net worth is surging. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Even though investors are starting to wonder about all the money companies like Google are spending on AI, they are excited about what all that spending means for Oracle's cloud and database revenue.
Persons: Larry Ellison's, Ellison, David ., — Organizations: Paramount, Service, Google
☆ I'm running out of things to say about Elon Musk and his terrible tweets
  + stars: | 2024-09-16 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +3 min
Read previewDid Elon Musk just tweet something terrible on Twitter? Did Elon Musk then realize it was so terrible — even by his standards — that he needed to delete that tweet? "Elon Musk says he's learned a lesson," as my colleagues at Business Insider put it. But, as always, it doesn't matter who Elon Musk has working on his Twitter ads business as long as Elon Musk keeps tweeting. AdvertisementAlso: A reminder that in addition to owning Twitter and using it to tweet terrible things, Elon Musk is the world's richest man and has enormous power.
Persons: —, Elon Musk, hadn't, Joe Biden, Kamala Harris, Tucker Carlson, Hitler, Musk, you've, Elon, he's, He's, it's, Angela Zepeda, Linda Yaccarino, José Garza Organizations: Service, Business, Twitter, Hyundai, Elon Locations: Travis County , Texas, Travis County
☆ UK has had 'constructive' talks with X, tech minister says
  + stars: | 2024-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK has had 'constructive' talks with X, tech minister saysPeter Kyle, technology secretary for the U.K., told CNBC he has spoken with senior managers and executives for all the major social media companies about misinformation and the role their platforms have in propagating harmful content.
Persons: Peter Kyle Organizations: CNBC
☆ British government had 'constructive' talks with Musk's X over disinformation, minister says
  + stars: | 2024-09-13 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty ImagesLONDON — The U.K. government has had "constructive" talks with Elon Musk's social media site X over the spread of misinformation and other harmful content, technology minister Peter Kyle told CNBC Friday. Multiple social media users at the time spread false information about the alleged perpetrator, who has since been charged with murder and attempted murder, claiming he was an asylum seeker. The minister also told CNBC he is assessing whether he needs additional powers to regulate social media companies over the dissemination of harmful content online. A government spokesperson told CNBC earlier this year that its "immediate focus is getting the Online Safety Act implemented quickly and effectively." However, this spokesperson added, "our message to social media companies remains clear: There is no need to wait — you can and should take immediate action to protect your users."
Persons: Elon Musk, Peter Kyle, Kyle, CNBC's, hasn't, Musk, Taylor Swift, Keir Starmer, Keir, Dawn Butler, Chi Onwurah, Labour's Kyle Organizations: Anadolu, Getty, Elon, CNBC, Citizens, Financial Times, Labour, SpaceX, Ofcom, OSA Locations: United Kingdom, England
☆ Britain labels data centers critical infrastructure to boost cyber defenses
  + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Data centers today are crucial computing infrastructure that power the modern-day internet. Granting data centers critical infrastructure status will enable the government to coordinate better against hackers and unexpected cyber events, Kyle said. Data center operators will effectively be given a direct line to the government to prepare for and respond to data threats, the government said. Data centers are a key part of the modern internet as it exists today. When they go offline, it can cause massive outages for internet users, with sometimes critical services going down.
Persons: Andrew Aitchison, Peter Kyle, Kyle Organizations: Pictures, Corbis, Getty, British Technology, Amazon, U.S, Security Locations: Hertfordshire, England, Europe
☆ WBD scored a crucial cable deal — by making HBO free for millions of people
  + stars: | 2024-09-12 | by ( Peter Kafka | James Faris | ) www.businessinsider.com   time to read: +4 min
AdvertisementCharter will end up paying WBD for the right to give away Max with ads (as well as Discovery+, WBD's much-less-popular streamer), which sells for $10 a month. So WBD isn't exactly giving Max away. But by making a version of Max free to millions of Charter subscribers, WBD is basically inviting existing Charter/Max subscribers to trade down. But this time around, LightShed analyst Rich Greenfield calls the deal a "victory" for WBD, given the weakened position of its cable channels. Related stories"Nobody had faith in Zaslav/WBD to get a Charter deal done, especially a deal that was not even up for an entire year," he writes.
Persons: —, WBD, Max, there's, Warner, Rich Greenfield, Nobody, Greenfield, John Malone, Malone, David Zaslav, Goldman Sachs, He'll Organizations: Service, Warner, TNT, NBA, Business, HBO, Charter, Disney, ESPN, Analysts, Comcast, DirecTV Locations: Zaslav, DirectTV's
☆ Einstein's 1939 letter, warning of atomic weapons, just sold at auction for $3.9 million
  + stars: | 2024-09-11 | by ( Jenny Mcgrath | ) www.businessinsider.com   time to read: +4 min
Now, a copy of that letter, also signed by Einstein, has sold at a Christie's auction for $3.9 million. Though Einstein didn't write the letter, his worldwide esteem meant his signature added significance and credibility to the letter. Einstein's influence on the Manhattan ProjectEinstein's letter to Roosevelt sold for nearly $3.9 million at auction. Related storiesFor Szilard and Einstein, the possibility of the Germans creating a nuclear weapon was reason enough to write President Roosevelt. AdvertisementOnce Germany surrendered, however, Szilard and Einstein no longer felt the use of nuclear weapons was justified.
Persons: —, Albert Einstein, Franklin Roosevelt, Einstein, Roosevelt, Franklin, Peter Klarnet, Christie's, Einstein didn't, Paul Allen, Allen, Malcolm Forbes, Leo Szilard's, Szilard, Adolf Hitler's, Bertrand Russell, Russell Organizations: Service, Business, Manhattan Project, Microsoft, Guardian, Manhattan, US Army Intelligence, Einstein Locations: New York, Christie's, Germany, Hungarian, Europe, Hiroshima, Nagasaki, Japan
☆ Taylor Swift used only Instagram to endorse Kamala Harris. There's a reason for that.
  + stars: | 2024-09-11 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
In 2020, when Taylor Swift endorsed Joe Biden, she used Instagram and Twitter to make her announcement. This week, when she endorsed Kamala Harris, she only used Instagram. Go to newsletter preferences Thanks for signing up! AdvertisementLet's say you're one of the most popular people in the world, and you have something important to say. If it's 2024, and you're Taylor Swift, this a no-brainer: Of course you use Instagram, which is where she endorsed Kamala Harris Tuesday night.
Persons: Taylor Swift, Joe Biden, Kamala Harris, Elon Musk, — Organizations: Twitter, Service
☆ TikTok could be banned from the US in months. TikTok doesn't seem worried.
  + stars: | 2024-09-10 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
TikTok faces a January 19, 2025, deadline to find a new US owner or shut down. Despite the looming deadline, TikTok employees and ad buyers act as if nothing will change. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But inside the company, The Information reports, most US TikTok employees are behaving as if nothing is going to happen at all.
Persons: — Organizations: Service, Business
☆ OnlyFans figured out the best porn business on the internet
  + stars: | 2024-09-07 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
OnlyFans is an astonishingly big, and astonishingly profitable business. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You may also know that OnlyFans is a big business. But you may still be shocked to see just how big a business OnlyFans has become: Last year, the company posted operating profits of $650 million, on revenue of $1.3 billion. Maybe I'm missing something, but from what I can see, that makes OnlyFans the biggest and most profitable (mostly) porn operation in the world.
Persons: —, OnlyFans Organizations: Service
☆ The NFL is here to save TV, again. But it's going to get harder every year.
  + stars: | 2024-09-06 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +3 min
We can't stress this enough — increasingly, the chief reason for some TV networks to exist is to transmit NFL games. And at Fox, NFL games and "shoulder programming" accounted for an astonishing 63% of the time viewers spent with the network. MoffettNathansonBut those trends should still worry both the NFL and the TV networks that pay it many billions of dollars every year. But to state the obvious: TV networks pay the NFL many billions of dollars because the NFL delivers TV eyeballs, not because it delivers Instagram eyeballs. And if younger viewers are starting to tune out of the NFL — again, like they have tuned out of everything else on TV — that's going to be a problem for the league and the TV guys.
Persons: —, Robert Fishman, Per Fishman, NFL — Organizations: Service, NFL, Kansas City, Baltimore, Business, MoffettNathanson, CBS, Fox
☆ Cable TV's collapse deepens: 'It is becoming increasingly clear that there is no longer any floor'
  + stars: | 2024-09-03 | by ( Peter Kafka | ) 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. Pay-TV distributors — that's conventional cable guys like Comcast, satellite-TV outfits like DirecTV, and digital alternatives like YouTube TV — lost 1.6 million subscribers in the second quarter of 2024, according to analysts at MoffettNathanson. But not as bad as other Q2s, like in 2023, when the industry lost 1.7 million subscribers, or in 2022, when it lost 1.8 million subs. And in other good news for the TV industry … well, that's about it. That's why YouTube TV lost subscribers for the first time in the first quarter, and added only 50,000 subscribers in the second.
Persons: —, MoffettNathanson's Craig Moffett, Michael Nathanson, we've, Nathanson, Venu, Warner, Fox —, Moffett, James Faris, Jimmy Pitaro Organizations: Service, Comcast, DirecTV, YouTube, Business, Hulu, Moffett, Warner Bros, Disney, Fox, ESPN, ABC
☆ Why did people think Beyoncé would play at the DNC? Because TMZ said so.
  + stars: | 2024-08-23 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +6 min
ET on Friday, TMZ fessed up: BEYONCE NOT AT DNC AFTER ALL, it acknowledged. "To quote the great Beyoncé: We gotta lay our cards down, down, down ... we got this one wrong." It's that in 2024, for much of the modern media world, a TMZ report is pretty close to accepted fact. To me, TMZ's big breakthrough as a Real News Source was when it broke the news of Michael Jackson's death in 2009. And if you still aren't convinced, see this tweet from CNN's Abby Phillip, who declared that "TMZ lost a lot of credibility tonight."
Persons: —, Kamala Harris, Harris, Oprah Winfrey, Beyoncé, TMZ, I'd, I've, Time Warner, Harvey Levin, Michael Jackson's, doesn't, TMZ's, Donald Trump, Abby Phillip Organizations: Service, Democratic, Convention, Business, DNC, TMZ, Reuters, Street, Hollywood, United, National Enquirer, Rupert Murdoch's News Corp, Time, Facebook, Twitter, Washington Post, Trump Locations: Chicago
☆ At the DNC, Harris and Democrats took back the American flag
  + stars: | 2024-08-23 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com   time to read: +7 min
Though Republicans have branded themselves as the party of capital-P patriotism since the Nixon years, Democrats sought to reclaim American pride this week. A striking number of this year's speakers focused on military might and distinctly American values, from Harris herself to Iraq war veterans. This story is available exclusively to Business Insider subscribers. For the past decade, Loge said that Democrats have been "shy" or "embarrassed" about embracing classic American patriotism, but that Harris and Walz are attempting to reframe the association with the flag. "Democrats serve too," Kauffman told Business Insider.
Persons: —, Donald Trump, Kamala Harris, Nixon, Harris, MAGA, Peter Loge, Obama, Loge, Trump, Peter Kauffman, Hillary Clinton, Tim Walz, Wes Moore, Trump's, Ronald Reagan, it's, Moore, I'm, Ruben Gallego, you'll, Gallego, Leon Panetta, Osama bin Laden, George Lt, Gov, Geoff Duncan, Walz, they're, Kauffman Organizations: Service, United Center, Republicans, Business, Democratic, School of Media, Public Affairs, George Washington University, America, Navy, Gov, US Army National Guard, National Guard, Maryland Gov, Senate, Army, Republican, DNC Locations: Iraq, America, Ruben Gallego of Arizona
☆ Nate Silver on the 2024 race: 'It's no longer Trump's election to lose.'
  + stars: | 2024-08-14 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +7 min
And when Hillary Clinton lost the 2016 election, after Silver gave her a 71% chance of winning, he became the subject of much (misplaced) scorn. But the rest of the world wants to know who Silver thinks is going to win the 2024 election. It's no longer Trump's election to lose. And so if it's Harris 80/20 and Trump wins, or Trump 80/20 and Harris wins on election day, then that's running some career risk. With hindsight, do you make sense at a big company, or do you think you're better as a solo act?
Persons: —, Nate, Hillary Clinton, Silver, Sam Bankman, Sam Altman —, I'm, Harris, Kamala Harris, You've, it's, we've, She's, Tim Walz, she'd, Biden, It's someone's, Hilary Clinton, Trump, Clinton, It's, it's Harris, you've, … Organizations: Service, NBA, Business, Biden, Trump, Libertarian, Party, New York Times, Disney — Locations: It's
☆ Why Apple's Vision Pro is stuck in neutral
  + stars: | 2024-08-13 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
The Apple Vision Pro has been out for six months. We're still waiting for a killer app for the $3,500 headset. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDid you know that Apple Vision Pro has been on sale for more than six months?
Persons: We're, — Organizations: Apple, Service, Apple Vision, Business
☆ Trump is suddenly back on Twitter
  + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Twitter barred Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. Of note: Musk is scheduled to conduct an interview Monday night with Trump on Twitter/X. AdvertisementWelcome back to Twitter, Donald Trump.
Persons: Donald Trump, Elon Musk, he's, Trump, — Organizations: Trump, Twitter, Service
☆ EU warns Elon Musk ahead of Trump interview to keep hate speech off X
  + stars: | 2024-08-12 | by ( Ryan Browne Lora Kolodny | Ryan Browne | Lora Kolodny | ) www.cnbc.com   time to read: +5 min
Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images
Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K
☆ Trump is (sort of) posting on Twitter again
  + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Twitter banned Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. AdvertisementWelcome back to Twitter, Donald Trump. Or, more accurately: Trump's campaign seems to be using Trump's account to post an ad on the service, which Musk has renamed "X."
Persons: Donald Trump, Elon Musk, he's, Trump, — Organizations: Trump, Twitter, Service
☆ Insurers deemed mold too risky decades ago. That coverage gap still surprises homeowners
  + stars: | 2024-08-11 | by ( Genna Contino | ) www.cnbc.com   time to read: +11 min
Schmitt's example may be extreme, but mold damage is not unusual. In 2022, water damage, including mold, represented 27.6% of homeowners insurance losses, according to data from Insurance Services Office, an industry group. Despite the award for the owner of the mold-damaged home later being reduced to $4 million, companies still pulled back on mold coverage. "Mold claims won't be covered if it's a result of neglect, such as pipe leaking for months resulting in water damage and mold." "You should always read your insurance policy and understand what you have, but no one's going to do that," Kochenburger said.
Persons: Brandi Schmitt, Schmitt, Brandi Schmitt's, adjuster, USAA, Read, Kamala Harris, Harris, Joseph, Ms, Ballard, Amy Bach, United, Bach, Scott Shapiro, Will Melofchik, haven't, Melofchik, Scott Holeman, Holeman, Peter Kochenburger, Kochenburger, it's, Mold, Shapiro, Mark Friedlander Organizations: Maryland, CNBC, Finance, Here’s, Democratic, Insurance Services Office, . Farmers Insurance Group, KPMG, National Council of Insurance, Insurance Information Institute, Southern University Law Center, University of Connecticut's Insurance Law Center, Insurance, South Carolina Independent Agents, Nationwide, Allstate, Federal Trade Commission, Act, State Farm Locations: Lothian , Maryland, U.S, Maryland, Texas, San Francisco, South Carolina, Lindsey , Ohio
☆ Why Apple should buy Warner Bros. Discovery. No, seriously.
  + stars: | 2024-08-10 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +5 min
So I've got a not-so modest proposal: Time for Apple to jump in with both feet, and buy HBO — along with the rest of Warner Bros. I know, I know: "Apple should buy X, Y or Z" is a long-running piece of techworld fanfic. But now I think Apple should spend real money and buy WBD. And then, boom: Apple's services business — the part of the company Apple needs to keep growing while its hardware business slows — instantly grows by nearly 50%. AdvertisementIt's one thing for a tech company to buy a minor studio and 50% of the James Bond franchise.
Persons: —, I've, that's, Maxes, Warner, James Bond, hoover, It's, Tim Cook, Steve Jobs, Xi Jinping, Donald Trump, WBD Organizations: Service, Apple, HBO, Warner Bros, Business, Warner Bros . Studios, CNN, Warner mergred, Microsoft, Activision, Big Tech, Comcast, Paramount, Warners Locations: writedowns
☆ Flood insurance likely doesn't cover storm damage in your basement
  + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +5 min
Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?
Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers
☆ As disinformation spreads during UK riots, regulators are currently powerless to take action
  + stars: | 2024-08-08 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
But even as online disinformation related to stabbings in the U.K. has led to real-world violence, Ofcom, Britain's online safety regulator finds itself unable to take effective enforcement actions. Shortly after the attack, social media users were quick to falsely identify the perpetrator as an asylum seeker who arrived in the U.K. by boat in 2023. U.K. officials subsequently issued warnings to social media firms urging them to get tough on false information online. Peter Kyle, the U.K.'s technology minister, held conversations with social media firms such as TikTok, Facebook parent company Meta , Google and X over their handling of misinformation being spread during the riots. watch nowUnder the Online Safety Act, the sending of false information intended to cause non-trivial harm is considered a punishable criminal offense.
Persons: Christopher Furlong, knifeman, Taylor Swift, Axel Rudakubana, Peter Kyle, Gill Whitehead, Whitehead Organizations: Riot, Ofcom, Police, Facebook, Meta, Google, CNBC Locations: Rotherham, U.K, Southport, Merseyside
☆ Paramount's TV networks are collapsing in a $6 billion hole
  + stars: | 2024-08-08 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Discovery just told investors its TV networks were worth $9 billion less than the company thought. Now it's Paramount's turn: It's taking a $6 billion charge on its TV business. Discovery told investors its TV business was in free fall, and that it would take a $9 billion write-down on those assets. On Thursday, it was Paramount's turn: The entertainment conglomerate, which is about to be acquired by David Ellison and a consortium of investors, just took a $6 billion charge on its TV business. For context: Public investors value all of Paramount's equity at $7 billion.
Persons: —, David Ellison Organizations: Warner Bros, Paramount, Service, Warner Bros . Discovery, Business
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