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☆ NFL committed to X partnership as Elon Musk's social platform gets heat for hate speech
▼ + stars: | 2023-11-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The National Football League is sticking with X, formerly known as Twitter, as Elon Musk's site faces an advertiser revolt over hate speech and antisemitism on the platform. The NFL has partnered with the platform since 2013 as part of an effort to bring fans exclusive content. Last week, Musk agreed with a post on the platform accusing "Jewish communities" of pushing "hatred against whites," CNBC reported earlier this month. Earlier this month, left-leaning media watchdog site MediaMatters.org posted instances of Apple, Bravo and Oracle ads appearing next to antisemitic content on Musk's platform. X on Monday sued Media Matters over the report, coinciding with an investigation launched by Texas Attorney General Ken Paxton into the watchdog site for possible fraudulent activity.

Persons: Brian Rolapp, CNBC's Julia Boorstin, Musk, Ken Paxton, X, Linda Yaccarino, – CNBC's Julia Boorstin Organizations: National Football League, NFL, Apple, Disney, CNBC, Bravo, Oracle, Monday, Media, Texas, Hamas Locations: Elon, Palestinian, Israel

☆ Elon Musk's X is 'profiting off violent content' by Hamas, House Democrats allege
▼ + stars: | 2023-11-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

In addition to the records, the House Democrats asked Yaccarino and Musk to detail how X plans to address Hamas-related content currently on the platform. The already "inexcusable" issue of antisemitic content on X, they wrote, had become "outright indefensible" since the deadly Oct. 7 terror attack in Israel by Hamas militants. More than two dozen House Democrats on Tuesday accused Elon Musk 's X of "profiting off violent content by a terrorist organization" and demanded that he and CEO Linda Yaccarino address Hamas -related content on the social media platform . "You have said the actual truth," Musk wrote last Wednesday in response to that post. Instead, the Democrats highlighted numerous X accounts that have reportedly been "spreading Hamas terrorist propaganda videos glorifying barbaric acts of violence against Israelis."

Persons: Yaccarino, Dan Goldman, Jamie Raskin, Elon Musk, Linda Yaccarino, Musk, Adolf Hitler, Angelo Carusone, Goldman, Raskin Organizations: Democrats, Hamas, Reps, Maryland, CNBC, Disney, Comcast, Wall Street, Washington, Media, America, Reich, Tech, Accountability, Strategic, X's Locations: Israel, U.S, New York

☆ X sues Media Matters over report about ads appearing next to Nazi posts
▼ + stars: | 2023-11-21 | by ( David Ingram | ) www.cnbc.com time to read: +2 min

Elon Musk's social media company, X, sued Media Matters for America and one of its staff members Monday over an investigative report the progressive watchdog organization published saying Nazi content ran on the X app alongside advertisements from major corporations. News of the lawsuit coincided with Texas Attorney General Ken Paxton's announcing an investigation into Media Matters for possible fraudulent activity. Media Matters President Angelo Carusone said the website would defend itself. Media Matters stands behind its reporting and looks forward to winning in court," he said in a statement. In the lawsuit, X alleges that Media Matters' portrayal of the app is untrue because its article did not reflect what typical users see.

Persons: Elon, Ken Paxton's, Paxton, Musk, Andrew Bailey, Bailey, Angelo Carusone, X Organizations: Media Matters, America, Texas, Media, Missouri, Apple, IBM, Comcast, NBCUniversal, NBC, X Corp Locations: Fort Worth , Texas

☆ It’s ‘pathological’ for brands to advertise on Elon Musk’s X, Yale professor says
▼ + stars: | 2023-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

CNN —Brands are being “irresponsible” by continuing to advertise on Elon Musk’s X after the billionaire endorsed antisemitic views, according to Yale professor Jeffrey Sonnenfeld. It’s pathological,” Sonnenfeld, dean for leadership studies at the Yale School of Management, told CNN in a phone interview. Yaccarino under pressureThe advertiser backlash is piling even more financial pressure on X at a time when the social media platform has been struggling. “This is a perfect opportunity for the market to do what the market does best,” Minow said. Tim Calkins, a marketing professor at Northwestern University’s Kellogg School of Management, said brands don’t need to “completely agree” with a media property and its policies to advertise there.

Persons: Elon Musk’s, Jeffrey Sonnenfeld, “, Sonnenfeld, Musk, ” Musk, ”, Joe Benarroch, “ Jeffrey Sonnenfeld, Linda Yaccarino, “ Linda Yaccarino, ” Sonnenfeld, he’s, Yaccarino, Lou Paskalis, Nell Minow, ” Minow, Minow, Tim Calkins, Calkins, it’s, ” Calkins Organizations: CNN, Brands, Elon, Yale School of Management, Whites, Disney, Warner Bros . Discovery, Media, Twitter, Media Matters, Marketing, ValueEdge Advisors, Time Magazine, Northwestern University’s Kellogg School of Management

☆ NFL denounces hate speech, says it has expressed concerns to Elon Musk’s X
▼ + stars: | 2023-11-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +1 min

CNN —After days of silence following X owner Elon Musk’s endorsement of an antisemitic post, the NFL said Tuesday that it has conveyed its displeasure with the social media company. “The NFL unequivocally denounces all forms of hate speech and discrimination,” Brian McCarthy, the NFL’s chief spokesperson, said in a statement. “We’re aware of instances of hate speech on X and have expressed our concerns directly to X both in the past and again in the last few days,” McCarthy added. Earlier this year, the NFL also expressed concern after a Media Matters report found the league’s ads were appearing next to racist accounts on the social media platform. Earlier Tuesday, an NFL executive told CNBC that it was sticking with the platform despite the rise in hate speech.

Persons: Elon Musk’s, ” Brian McCarthy, “, ” McCarthy, McCarthy, ”, Brian Rolapp Organizations: CNN, NFL, Media, Apple, Disney, Warner Bros, CNBC

☆ Tesla shareholder calls on board to suspend Elon Musk for agreeing with antisemitic post
▼ + stars: | 2023-11-20 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla’s board of directors should suspend Elon Musk for endorsing antisemitic views on social media, according to one investor in the electric vehicle company. Discovery and other major brands to halted advertising on X, which is owned by Musk. Tesla’s board should put Musk on leave for 30 to 60 days and require him to attend empathy training and/or therapy, Braakman argued. Not only is Musk viewed as the single most important person at Tesla, but he sits on the board of directors and is the largest individual shareholder. Tesla board is led by Denholm and includes James Murdoch, venture capitalist Ira Ehrenpreis, Musk’s younger brother Kimbal and Musk himself.

Persons: New York CNN —, Elon Musk, Jerry Braakman, Musk, ”, ” Braakman, Braakman, “, Tesla, Robyn Denholm, James Murdoch, Ira Ehrenpreis, Kimbal, Bill Ackman, ” Ackman Organizations: New, New York CNN, First American Trust, Whites, CNN, Warner Bros ., Musk, Media Matters, Denholm, Harvard Locations: New York, Santa Ana, Calif

☆ ‘Pizzagate’: Elon Musk is now boosting the years-old conspiracy theory
▼ + stars: | 2023-11-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Elon Musk on Monday boosted the dangerous, years-old “Pizzagate” conspiracy theory in a post on X, the platform formerly known as Twitter, just days after being roundly criticized and facing an advertiser exodus following his embrace of an antisemitic conspiracy theory. Musk last week faced backlash from the White House and others for engaging with an antisemitic conspiracy theory. Musk’s company has also claimed that Media Matters’ report was misleading and that it has taken steps to combat antisemitism and discrimination on the platform. X on Monday sued Media Matters, accusing it of distorting how likely it is for ads to appear beside extremist content on X. However, X has not removed the pro-Nazi accounts mentioned in Media Matters’ report, instead saying that their posts had little engagement and that they would no longer be eligible for monetization.

Persons: New York CNN — Elon Musk, Musk, Hillary Clinton, Clinton, ” Edgar Maddison Welch’s, Welch, It’s, ” Musk, Paul Pelosi, Nancy Pelosi, ”, Andrew Bates Organizations: New, New York CNN, Twitter, Media, Whites, White, CNN, Disney, Paramount, IBM, Monday, monetization Locations: New York, Washington

IBM, NBCUniversal and its parent company Comcast said last week that they stopped advertising on X after the Media Matters report said their ads were appearing alongside material praising Nazis. The Media Matters report pointed to ads from Apple and Oracle that also were placed next to antisemitic material on X. It says Media Matters did this by using X accounts that just followed X users known to produce “extreme fringe content” and accounts owned by X’s major advertisers. This, the complaint says, led to a feed aimed at producing side-by-side placements that Media Matters could then screen shot in an effort to alienate X's advertisers. Media Matters said Monday that it stands by its reporting and expects to prevail in court.

Persons: Elon, Musk, “, ”, Angelo Carusone, ” Musk, Linda Yaccarino Organizations: Media, America, X Corp, ” Media, D.C, IBM, NBCUniversal, Comcast, Apple, Oracle, Amazon, NBA, Hamas Locations: Washington, NBA Mexico, NBCUniversal, Francisco, Fort Worth , Texas, Israel

☆ Ad execs encourage X CEO Linda Yaccarino to quit after Elon Musk’s antisemitic embrace
▼ + stars: | 2023-11-20 | by ( Clare Duffy | Oliver Darcy | ) edition.cnn.com time to read: +3 min

Hundreds of major brands paused their ad spend after Musk’s acquisition over concerns about content moderation and the platform’s future under the eccentric billionaire. But at least a half dozen major advertisers, including media giants Disney, Paramount and NBCUniversal, halted their spending on X on Friday. IBM also suspended advertising on the platform after its ad appeared alongside pro-Nazi content. The decisions to drop the platform followed criticism of Musk over his public embrace of an antisemitic conspiracy theory favored by White supremacists. “No critic will ever deter us from our mission to protect free speech,” Yaccarino said in the Sunday letter.

Persons: Linda Yaccarino, Elon, Lou Paskalis, “, ” Paskalis, ”, Musk, White supremacists, Elon Musk, she’s, ‘, ” Yaccarino, I’m, Yaccarino, it’s Organizations: New, New York CNN, X, AJL, CNN, Disney, Paramount, IBM, Media, monetization Locations: New York

☆ X CEO Linda Yaccarino is reportedly getting texts from ad execs advising her to resign over Elon Musk's backing of antisemitic post
▼ + stars: | 2023-11-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Ad execs are reportedly reaching out to X CEO Linda Yaccarino and advising her to resign. X and Elon Musk have faced backlash after the billionaire endorsed an antisemitic post on X. One executive told Axios she needs to "save" her reputation. AdvertisementAdvertising executives have been reaching out to X CEO Linda Yaccarino and advising her to leave the social media company, according to reports from multiple outlets. Paskalis told Axios he texted Yaccarino on Sunday and told her she should resign from her role at X.

Persons: Linda Yaccarino, Elon Musk, Axios, —, Musk, Yaccarino, Lou Paskalis, Paskalis, I'm Organizations: Service, Media Matters, Nazi, Apple, Disney, Bank of America, AJL, Forbes, Elon

☆ DeSantis refuses to condemn Elon Musk for endorsing antisemitic conspiracy theory
▼ + stars: | 2023-11-19 | by ( Alison Main | ) edition.cnn.com time to read: +3 min

CNN —Republican presidential candidate Ron DeSantis on Sunday refused to directly condemn Elon Musk for publicly endorsing an antisemitic conspiracy theory popular among White supremacists. The X post, which Tapper showed DeSantis, said: “Jewish communties (sic) have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.” The post also referenced “hordes of minorities” flooding Western countries, a popular antisemitic conspiracy theory. The Council on American-Islamic Relations has also seen an uptick in reports following the attack, but it did not have numbers to release. Pressed by Tapper again on Musk’s tweet, DeSantis maintained: “I have no idea what the context is.”“I know Elon Musk, I’ve never seen him do anything. CNN’s Jack Forrest, David Goldman, Avery Lotz, Jack Forrest, Brian Fung, Clare Duffy and Samantha Delouya contributed to this report.

Persons: Ron DeSantis, Elon Musk, White, CNN’s Jake Tapper, Musk, Tapper, DeSantis, Robert Bowers, ”, I’ve, Jamie Raskin, “, CNN’s Jack Forrest, David Goldman, Avery Lotz, Jack Forrest, Brian Fung, Clare Duffy, Samantha Delouya Organizations: CNN, Republican, Sunday, Defamation League, Islamic Relations, Twitter, Disney, Paramount, Comcast, Lionsgate, Warner Bros, Democratic Locations: Florida, Pittsburgh, Israel, America

☆ Rosalynn Carter death: former first lady and wife of Jimmy Carter, passes away at 96
▼ + stars: | 2023-11-19 | by ( Keith Allen | Kate Andersen Brower | ) edition.cnn.com time to read: +29 min

Rosalynn Carter passed away peacefully with family by her side at her home in Plains, Georgia, the center said in a statement. It was likely that Eleanor Rosalynn Smith would cross paths with Jimmy Carter in their small hometown of Plains, Georgia. Former first lady Rosalynn Carter poses for a portrait in New York in 2011. Atlanta Journal-Constitution/AP Jimmy Carter, then a Georgia state senator, hugs his wife at his campaign headquarters in Atlanta in 1966. The Carter CenterRosalynn and Jimmy Carter had four children, 12 grandchildren and several great-grandchildren.

Persons: CNN — Rosalynn Carter, Rosalynn Carter, “ Rosalynn, Jimmy Carter, “, ”, Ronald Reagan, Rosalynn, Jill Biden, ” Jimmy Carter, Jason, Amy, Dan Farrell, Carter, ” Jill Biden, Joe Biden, “ They’re, George W, Bush, Laura Bush, She’s, Jill Stuckey, Carters, Bill Clinton, Jake Tapper, CNN’s, Eleanor Rosalynn Smith, ” Rosalynn, Ruth, Jimmy, Jimmy wasn’t, John William, “ Jack ”, James Earl, Chip ”, Donnel Jeffrey, “ Jeff ”, Amy Lynn, Stuart Eizenstat, Donald Trump, Melania, ” Trump, Plains Carter, Richard Nixon, Gerald Ford, Nixon’s, Mary Matise, Eleanor Roosevelt, Steven Hochman, Mrs, ” Hochman, ’ ”, Michelle Obama, ” Michelle Obama, ’, Georgia’s, Nikki Kahn, Horace Cort, Mikki Ansin, Jeff, Jack, Barbara Walters, Richard Howard, Suzanne Vlamis, Diana Walker, Joan Mondale, Walter Mondale, Muriel Humphrey, Hubert Humphrey, Ruth Carter Stapleton, Jimmy Carter's, Wally McNamee, Corbis, Ron Galella, Bromberger Hoover, Jay Leno, Alice S, Tami Chappell, Charlie Neibergall, Laura Rauch, Carolyn Kaster, Sebastian Scheiner, Barack Obama's, Bill Clark, John Bazemore, Amy Davis, Saul Loeb, Errol, Jimmy's, Branden Camp, Caroline Kennedy, Hillary Clinton, Nancy Reagan, David McNew, Matt McClain, Adam Schultz, The New York Times Adam Schultz, White, Erin Schaff, Michael S, Williamson, Theodore Roosevelt’s, ‘, Jimmy ’, Welfare Joe Califano, Jerry Rafshoon, Carter’s, Joe Califano, Massachusetts Sen, Ted Kennedy, Rafshoon, Camp David, David, Zbigniew Brzezinski, ” Brzezinski, Harry, Bess Truman, Lady Rosalynn Carter, Kate Andersen Brower, CNN’s Stephen Collinson, Sam Fossum, Gabe Cohen Organizations: CNN, Carter, House, The Carter, Naval, Americana, NY, White, Maranatha Baptist Church, Sunday, Carter Institute for Caregiving, Georgia Southwestern State University, Southern Baptists, Naval Academy, Georgia, Atlanta, Brigade, Jimmy, Mental Health, Washington Post, Hulton, Disney, Bettmann, Mental Health Systems, Harlem Globetrotters, Getty, White House, Democratic National Convention, Toronto, Presidential, Humanity, Baltimore Sun, Tribune, Service, Capitol, Aging, NBA, The New York Times, Department of Justice, Health, Education, Welfare, Democratic, American, Human, Camp, Habitat, U.S Locations: Plains , Georgia, Israel, Egypt, Iran, Atlanta, Norfolk, Cuba, Sudan, North Korea, Guinea, mater, Georgia, Plains, ”, Hawaii, New London , Connecticut, Schenectady , New York, Washington, Iowa, Florida, Americus , Georgia, New York, Brazil, Dubuque , Iowa, Waterloo , Iowa, San Francisco, Ashkelon, Baltimore, Annapolis , Maryland, Rosalynn, North Carolina, White, Central, South America, Ecuador, Peru, Colombia, Panama, Maryland, Tehran, United States

☆ Apple and Disney Among Companies Stopping Ads on X
▼ + stars: | 2023-11-18 | by ( Joe Flint | Patience Haggin | ) www.wsj.com time to read: 1 min

The exodus of major advertisers adds to the business challenges Elon Musk faces in managing X. Photo: Carlos Barria/ReutersApple and several major entertainment companies stopped advertising on Elon Musk’s X after the social-media network’s owner described an antisemitic post this week as “the actual truth” and again lashed out at the Anti-Defamation League. Among those pausing ads on the social-media platform are Disney , Warner Bros. Discovery , Paramount Global , NBCUniversal and its parent Comcast and Lions Gate Entertainment , people close to those companies said.

Persons: Elon Musk, Carlos Barria, Elon Musk’s Organizations: Reuters Apple, Elon, Defamation League, Disney, Warner Bros, Discovery, Paramount Global, NBCUniversal, Comcast, Lions Gate Entertainment

☆ Apple and Disney Among Companies Stopping Ads On X
▼ + stars: | 2023-11-17 | by ( Joe Flint | Patience Haggin | ) www.wsj.com time to read: 1 min

IBM has stopped advertising on social media platform X after a report said its ads were appearing alongside material praising Adolf Hitler and Nazis — a fresh setback as the site formerly known as Twitter tries to win back big brands and their ad dollars. The U.S. tech company made the decision after a report Thursday by the liberal advocacy group Media Matters said ads from IBM, Apple, Oracle, NBCUniversal's Bravo network and Comcast were placed next to antisemitic material on X. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation," the company said in a terse statement. “When it comes to this platform — X has also been extremely clear about our efforts to combat antisemitism and discrimination. The accounts that Media Matters found posting antisemitic material will no longer be monetizable and that the specific posts will be labeled “sensitive media," according to a statement from X on Friday.

Persons: Adolf Hitler, —, Elon Musk, ” Musk, Musk, Linda Yaccarino, Yaccarino, Benjamin Netanyahu Organizations: IBM, Twitter, Media, Apple, Oracle, NBCUniversal's Bravo, Comcast, Billionaire, Hamas, Defamation League Locations: U.S, Israel, Israeli

☆ Elon Musk isn't helping his CEO Linda Yaccarino's claims that X is safe for companies
▼ + stars: | 2023-11-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino's efforts to reassure companies about X are being undermined by Elon Musk. Yaccarino released a statement on Thursday saying X is working to combat antisemitism. However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. AdvertisementLinda Yaccarino's efforts to reassure companies that X is safe for brands are being undermined by Elon Musk's actions. The contrast between Yaccarino's statement and Musk's post was not lost on platform users.

Persons: Linda Yaccarino's, Elon Musk, Yaccarino, Musk, —, Elon Musk's, …, Linda Yaccarino, Dustin Moskovitz, Ross Gerber, Tesla, VWqtI32Jxz — Matthew Gertz, Yaccarino —, Yaccarino's, Lou Paskalis, they're Organizations: Service, IBM, Financial, Media, Apple, Comcast, X, Business, Reuters, Vox Media, Conference

☆ Using a stock replacement strategy to book some gains, but still benefit from a year-end bounce
▼ + stars: | 2023-11-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Both numbers topped estimates, and still the stock fell after hours, trading below $240 a share as of this writing. At nearly 9 times revenues and 45 times forward earnings estimates, PANW is not a cheap stock, moreover it is still up sharply on the year, and outperforming considerably. Stock replacement strategy One possibility is a stock replacement, selling one's stock holding and replacing that exposure with options. By using a call spread one can maintain some exposure to the upside in the event the stock bounces back. PANW YTD mountain Palo Alto Networks (PANW) CSCO on the other hand, by some measures at least, is a cheap stock, at just 13 times earnings.

Persons: PANW, we've, CSCO, Chuck Robbins, Scott Herren, ANET Organizations: Palo Alto Networks, Cisco, Verizon, Mobile, Comcast, Arista Networks, Broadcom, Flex, Nvidia, CNBC Locations: Palo

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to industrials to drugs
▼ + stars: | 2023-11-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

(Anthony) Jim Cramer: There were some China statistics that showed that the consumer was doing slightly better. (David) Jim Cramer: The roadblock is that the money is at the state level. (Narayan) Jim Cramer: " Own, don't trade" is about trying to keep us in a stock that otherwise we would trade out of. (Jim) Jim Cramer: First, I think we have to remember Ford actually has a lot of money on its balance sheet — a lot of cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Estee Lauder, Anthony, Jim Cramer, Wynn, It's, David, I'm, Narayan, it's, Steve Jobs, John, Tom Jorden, That's, Capex, Paul, Procter, Jim Farley, Jim, Ford, Shawn Fain, Farley, Donald, Larry Culp, He's, GEHC, Eli Lily, Louis, Lilly, Zepbound, We've, Alzheimer's, tirzepatide, hasn't, Edmundo, we've, haven't, Linde, Theresa, Jim Cramer Rob Kim Organizations: Investing Club, Club, Caterpillar, Amazon, Nvidia, Apple, Web Services, Natural Resources, Exxon, Procter, Gamble, United Auto Workers, GE Healthcare, Electric, GE, General, Merck, Drug Administration, Novo Nordisk, Linde, LIN, Trust, Barrick, CNBC Locations: China, reaccelerate, GEHC

[1/2] JioCinema and Pokemon logos are pictured in this illustration taken November 15, 2023. Pokemon has spawned a global multi-billion dollar media franchise spanning trading cards, games, TV shows and movies. In total, JioCinema will add around 3,000 hours of children's content, including movies and shows from Entertainment One, Animaccord, Cartoon Network Studios and DreamWorks, the sources said. Some Pokemon content was earlier on Voot, but the new JioCinema deal is a "much larger partnership", one of the sources said. NBCUniversal told Reuters that "kids and family programming", including DreamWorks content, was part of a multi-year partnership with JioCinema announced in May.

Persons: Dado Ruvic, Mukesh Ambani, Mukesh Ambani's, Ambani, Viacom18, NBCUniversal, JioCinema, Aditya Kalra, Munsif, Miral Organizations: REUTERS, Disney, Netflix, Cartoon Network, DreamWorks, Pokemon Company, Walt Disney Co, Nintendo, Media Partners, Entertainment, Cartoon Network Studios, Reuters, Warner Bros Discovery Inc, Hollywood, Thomson Locations: DELHI, India, New Delhi, Bengaluru

☆ IBM to pause ad spending on X after its ads ran on pro-Nazi accounts
▼ + stars: | 2023-11-16 | by ( Liam Reilly | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —IBM on Thursday announced it had suspended advertising on Elon Musk’s X, the platform formerly known as Twitter, after an ad for the computing giant appeared alongside pro-Nazi content. The accounts remained active on X Thursday afternoon, hours after the report was published. No brands had specifically targeted the pro-Nazi accounts identified in Thursday’s report for their advertisements, nor did the company intentionally place their ads there, the spokesperson said. Full stop.”IBM is not the first company to part ways with X after its ad appeared next to hateful content. Musk’s X has also come under fire for reinstating the accounts of users who were previously banned on the social media platform, including far-right and neo-Nazi figures.

Persons: Elon Musk’s, ”, NBCUniversal’s Bravo, Adolf Hitler, Linda Yaccarino, NCTA, Yaccarino, Musk, Jonathan Greenblatt, ” Greenblatt, Musk’s, –, Brian Fung Organizations: New, New York CNN, IBM, Elon, Media, IBM —, Apple, Oracle, Comcast, NBCU, CNN, and Television Association, Gilead Sciences, Adobe, Adobe , New York University Langone Hospital, University of Maryland’s, Whites, Defamation League Locations: New York, Nazi, Adobe ,, America

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ The Latest News, Headlines, and Business Stories for November 13
▼ + stars: | 2023-11-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what the $650 billion in unrealized losses means for financial firms. That's the unrealized losses US financial firms wracked up as of September 30, according to Moody's estimate. That means there's a lot of wiggle room for how big banks can portray them on their balance sheet. To be sure, big banks are better capitalized than SVB. Big banks' share prices noticeably dropped as bond prices sunk.

Persons: —, it's, Nikolas Liepins, it'd, Matthew Fox, Dow Jones, isn't, Wall, Jim Chanos, Chanos, Ralph Lauren, Expedia, Apple, Dan Clancy, he's, Tyler Le, Tyson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, NFL, Bank, Bank of America, Orrell, CNBC, NBCU, Apple, Big Tech, Professional, Vegas Golden Knights, Stanley, Tyson Foods Locations: Florida, New York City, San Diego, London, New York

☆ 'The Marvels' has worst opening weekend ever for any Marvel Cinematic Universe film at $47 million
▼ + stars: | 2023-11-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Initial predictions saw the film opening at between $75 million and $80 million domestically, but those figures shrunk to a range between $60 million and $65 million ahead of Friday's opening. The latest entrant in the Marvel Cinematic Universe hauled in an estimated $47 million domestically over its debut weekend, the lowest in franchise history. Internationally, "The Marvels" garnered $63.3 million in ticket sales, bringing its global haul to $110.3 million. Still, Disney had an uphill battle drawing moviegoers to theaters for its 33rd MCU film. That is perhaps why "The Marvels" landed the second-lowest opening day for a MCU film, securing just $21.5 million on Friday.

Persons: Paul Dergarabedian, Marvel, Shawn Robbins, Robbins, Bob Iger, pare, Jonathan Majors, Kang, Majors, Kevin Feige, NBCUniversal Organizations: Marvel Cinematic, Marvel, Rotten, Disney, Marvel Studios, Comcast, CNBC Locations: NBCUniversal

☆ Trump’s legal team asks for federal election subversion trial to be televised
▼ + stars: | 2023-11-11 | by ( Katelyn | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump’s legal team has formally told a federal court that he would like his election subversion trial in Washington, DC, to be televised. Court rules do not allow for broadcasting of federal proceedings, and the Justice Department is opposed to allowing cameras. Several media outlets have asked the court to consider allowing cameras at the historic trial, set for March. “President Trump absolutely agrees, and in fact demands, that these proceedings should be fully televised,” his attorneys wrote in the filing late Friday night. Special counsel Jack Smith, who brought the case, opposes televising the federal election subversion trial.

Persons: Donald Trump’s, Trump, ”, let’s, Tanya Chutkan, Jack Smith, Prosecutors, CNN’s Devan Cole, Holmes Lybrand, Ali, Alayna Treene Organizations: CNN, Justice Department, “, NBCUniversal Media, Trump Locations: Washington ,, New Hampshire, teleconferences, United States

☆ Disney will soon own all of Hulu. Here's how the company got here and what's next.
▼ + stars: | 2023-11-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

Disney has offered to pay Comcast $8.6 billion to take full control of Hulu. Disney is already in the process of rolling out a unified app that'll make Hulu's general entertainment content available in Disney+ . "With Hulu firmly in the Disney fold, they can create their own mini-bundle with kids and family (Disney +), general entertainment (Hulu), and sports (ESPN). The valuation also has to take into account that Hulu contains an entire Disney basic cable network, FX on Hulu. Netflix is set to spend $17 billion on entertainment content in 2024, while Disney is poised to spend $15 billion.

Persons: Bob Iger's, —, Bob Iger, Hulu —, what's, Comcast's NBCUniversal, pare, he's, Jonathan Miller, Brian Roberts, there's, Bernstein, Laurent Yoon, Read, Jordan Helman, Max, Puck, Disney, Bernstein's Yoon Organizations: Disney, Comcast, Hulu, Service, YouTube, News, Century Fox, Marvel, Netflix, Integrated Media, ESPN, ABC, LightShed Partners, Warner Bros, Wall, Paramount Global, Paramount, Showtime, HBO Max, Macquarie Equity Research, Media, Disney Disney, Hollywood Locations: Disney, Hulu, Canada, India, Hollywood

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