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☆ Thought last year was bad for crypto? From FTX to Silvergate, the red flags are flying for the year ahead.
▼ + stars: | 2023-01-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Those realizations came to head repeatedly in 2022 as crypto hacks and a wintry bear market crescendoed with the collapse of Sam Bankman-Fried's FTX. On a macro level, persistent recession fears make speculative assets such as tokens or tech stocks less enticing. More notable is crypto bank Silvergate's nearly 50% plunge Thursday, and the company's announcement it would cut 40% of its staff. Job cuts at Amazon and Salesforce signal the first necessary step in staging a turnaround for tech stocks. All told, analysts predict layoffs could catalyze a 20% rally for tech stocks in 2023.

☆ WWE confirms former chief Vince McMahon's return to board
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 6 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), is returning to the board of the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, WWE said on Friday. Shares of the entertainment firm rose about 16%, as WWE also said that it would explore strategic alternatives confirming an earlier statement by McMahon. McMahon, 77, said on Thursday that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process. The company did not state what position Vince McMahon would hold at the board. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ WWE shares jump as Vince McMahon stages comeback
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vince McMahon is staging a comeback at World Wrestling Entertainment , months after he retired from the company over a sexual misconduct scandal. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. WWE, which styles itself as a media company, has been mentioned as a potential acquisition target. McMahon retired last year amid an investigation into payments the former CEO made regarding alleged instances of sexual misconduct. A special committee probe found that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations.

☆ Former WWE chief Vince McMahon plans return as executive chairman
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 5 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), plans to return to the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, he said in a statement on Thursday. McMahon said that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process and review of strategic alternatives. McMahon, who has majority voting power in the company, has informed WWE that he is electing himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board. The former executive, who ran the company for four decades, said that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Wall Street Journal: Vince McMahon plots return to WWE
▼ + stars: | 2023-01-05 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon hadn’t disclosed, totaling $19.6 million, which forced the company to revise its financial statements for 2019, 2020 and 2021. The Journal in July reported McMahon paid more than $12 million to four women, including the one from the prior report, to cover up “allegations of sexual misconduct and infidelity.”Now, the 77-year old McMahon is attempting a comeback. McMahon’s daughter, Stephanie McMahon took over as board chair and co-CEO after Vince McMahon’s retirement in July. WWE and Vince McMahon did not immediately respond to a request for comment.

☆ Fanatics is divesting its 60% stake in NFT company Candy Digital
▼ + stars: | 2023-01-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC. Candy Digital was founded in June 2021 in the middle of the sports NFT boom, competing with companies like Dapper Labs in the digital sports collectible space. It also released digital collectibles with Netflix 's Stranger Things, WWE , and several Nascar teams. Dapper Labs, the company behind NBA Top Shot and NFL All Day digital trading platforms that ranked No. "Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business," Rubin wrote.

☆ Former WWE CEO Vince McMahon reportedly wants to make a comeback at the company, as he faces a new abuse allegation
▼ + stars: | 2022-12-13 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Former WWE CEO Vince McMahon wants to make a comeback, The Wall Street Journal reported. McMahon retired from the company in July amid a board investigation into misconduct allegations. WSJ reported a new accusation from a former spa manager, who claimed McMahon assaulted her. WWE did not immediately respond to a request for comment from Insider on McMahon's reported desire to make a comeback and the newly reported allegation from the spa manager. McMahon retired from WWE in July amid an investigation by the company's board into alleged payments made to other women who had accused McMahon of misconduct.

☆ Consumers are still spending for travel this holiday season, says Jan Kniffen
▼ + stars: | 2022-11-25 | 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 EmailConsumers are still spending for travel this holiday season, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, joins CNBC's 'Squawk Box' on Black Friday to discuss what to expect from the consumer this holiday season.

☆ I'm a little surprised Michelle Gass is stepping into the CEO role at Levi's, says Jan Kniffen
▼ + stars: | 2022-11-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm a little surprised Michelle Gass is stepping into the CEO role at Levi's, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, and Dana Telsey, Telsey Advisory CEO, join 'Squawk on the Street' to discuss the leadership changes at Kohl's and Levi's.

☆ Zac Efron is all flying muscle in first look at upcoming wrestling drama 'Iron Claw'
▼ + stars: | 2022-11-07 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

The image shows him near-horizontal in midair, muscles rippling and hair flying as he delivers the barefooted kick to his unsuspecting rival. Efron will be playing wrestling legend Kevin Von Erich in the film. Family patriarch Fritz Von Erich became a top performer in the industry, trademarking a distinctive finishing move known as “The Iron Claw,” before five of his six sons followed in their father’s footsteps to become wrestlers. Efron will portray Kevin, the last surviving brother, opposite costars Lily James (“Pam & Tommy”) and “The Affair” star Maura Tierney, who will play his mother Doris. “The Iron Claw,” which does not yet have an official release date, comes from writer-director Sean Durkin, whose credits include the 2011 Elizabeth Olsen-starring “Martha Marcy May Marlene.”

☆ WWE ends investigation into alleged misconduct by Vince McMahon
▼ + stars: | 2022-11-02 | by ( Mike Calia | ) www.cnbc.com time to read: +1 min

World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. "The Special Committee investigation is now complete and the Special Committee has been disbanded," the company said in a securities filing. "Management is working with the Board of Directors to implement the recommendations of the Special Committee related to the investigation." McMahon is still the biggest shareholder in WWE, and his daughter, Stephanie McMahon, is co-CEO. Almost $15 million were paid to settle sexual misconduct allegations from four women against McMahon over the past 16 years.

☆ 'Black Adam' credit scene proves Hollywood has learned nothing
▼ + stars: | 2022-10-21 | by ( Ani Bundel | Ani Bundel Is A Cultural Critic Who Has Been Writing Regularly Since Her Work Can Also Be Found At Elite Daily | Weta'S Telly Visions | ) www.nbcnews.com time to read: +6 min

DC Films’ latest release into the endless superhero pantheon, “Black Adam,” has a lot riding on Dwayne Johnson’s muscled shoulders. Black Adam, one of the regularly scheduled villains in the comic book, was supposed to be his main antagonist. And while “Black Panther” did a great job of making its bad guy both a certifiable badass and a nuanced character, “Black Adam” fails miserably. “Black Adam” has an interesting inkling of an idea: an oppressed culture that needs to overthrow the invading white men. But the midcredit sequence in “Black Adam” unfortunately suggests studio leaders are committed to making the same mistakes all over again.

☆ 15 venture capitalists that early-stage sports tech, health, and wellness founders should know if they're looking to raise capital
▼ + stars: | 2022-10-19 | by ( Matthew Kish | ) www.businessinsider.com time to read: +17 min

Other recent investments include Bumble, Goop, Spring Health, Chief, Found, Daily Harvest, and Blueland. Recent investments include the sneaker-trading platform Tradeblock, which touts itself as an alternative to StockX and Goat. Recent investments include AnyDistance, Balanced, and Juna. Her recent investments include Calibrate, DUOS, Dutch, and Buffalo Market, a food distributor focused on plant-based and organic foods. Recent investments include pickleball products company Revolin, live-sports artificial-reality company Quintar, recovery products company Alleviate, and community cycling app Preem.

☆ WWE stock hits 52-week high, defying market trends, in aftermath of McMahon scandal
▼ + stars: | 2022-10-17 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

The company's stock is up more than 50% in 2022, hitting a 52-week high Monday, and trading at levels it hasn't seen since summer 2019. The stock continued to do well after the company's longtime leader and biggest shareholder, Vince McMahon, retired from the company over the summer in a cloud of scandal. WWE's market capitalization is over $5.6 billion. Analyst John Healy of Northcoast Research, who covers WWE, sees the stock's success a confluence of successful ratings, upcoming media deal opportunities, and the speculation of a possible acquisition. Given a highly saturated media market, Healy expects high bidding for the rights to "Raw" and "Smackdown," which are set to be renegotiated in the coming year.

☆ Dwayne Johnson says running for president is ‘off the table’
▼ + stars: | 2022-10-07 | by ( Kelly Murray | ) edition.cnn.com time to read: +1 min

CNN —Many were hoping Dwayne “The Rock” Johnson could be a potential rock for America, but instead, the beloved actor and businessman intends to be a rock for his daughters. A bid for president is “off the table,” Johnson told Tracey Smith with CBS News Sunday Morning. Dwayne Johnson poses during the black carpet for the "Black Adam" Fan Event at Museo Anahuacalli on October 03, 2022 in Mexico City. Hector Vivas/Getty Images South America/Getty ImagesAdmired the world over, one poll from 2021 found 58% of Americans would have liked to see Johnson as the next president of the United States. In the same poll, 58% said they would support actor Matthew McConaughey.

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

☆ Meet the GOP's biggest Hollywood donors
▼ + stars: | 2020-08-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +13 min

America First Action, the most notable super PAC backing President Donald Trump, has directly criticized Hollywood. Donors from Hollywood-area ZIP codes also rank among the most generous donors to key Republican senators, including Lindsey Graham of South Carolina and Marco Rubio of Florida. 3 donor ZIP code in the nation, trailing only ZIP codes in Houston and Palm Beach, Florida, which is home to his Mar-a-Lago Club resort. Bill Pugliano/Getty ImagesTrump continues to profit from HollywoodIn messages to supporters this year, Trump has decried "liberal HOLLYWOOD donors" and "MEGA HOLLYWOOD DONORS," while his son Donald Trump Jr. has castigated the "Hollywood Elite." As president, Trump's pension earned him more than $84,000 in 2017, about $91,000 in 2018, and about $78,000 in 2019, his personal financial disclosures showed.

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