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☆ Caitlin Clark's popularity is up there with superstars like LeBron James and her broad appeal is changing perspectives on women's sports
▼ + stars: | 2024-06-24 | by ( Tiara White | ) www.businessinsider.com time to read: +3 min

Read previewIndiana Fever point guard Caitlin Clark has changed perspectives of women's basketball and sports from her college days to the WNBA. A new study conducted by market-research firm YouGov found Clark is the most popular women's basketball player in the US and that her broad appeal with both men and women rivals that of superstar male athletes like LeBron James. AdvertisementClark is the most popular women's basketball player but trails some other women athletesClark's popularity is well ahead of other players in her league, in which the 22-year-old debuted in May. The next most popular women's basketball players are former WNBA star Candace Parker, who holds a 26% positive rating, and Clark's Fever teammate Aliyah Boston who has a 25% positive rating. "The Williams sisters, Simone Biles, they've been active in their respective sports for a while…they're really, really, really highly recognized."

Persons: —, Caitlin Clark, YouGov, Clark, LeBron James, Stephen Curry, Kevin Durant, Nicole Pike, Pike, Candace Parker, Simone Biles, Venus Williams, Serena Williams, Williams, Caitlin, they've, they're Organizations: Service, WNBA, Business, NBA, YouGov, Clark's, Boston

☆ Top Wall Street analysts recommend these stocks for the long haul
▼ + stars: | 2024-06-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects. In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions. The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss. Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.

Persons: Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari Organizations: Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith Locations: Seattle, Seattle , Washington, Toronto, Delta

☆ High valuations of Apple and Microsoft get a pass. Nvidia does not but should
▼ + stars: | 2024-06-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Sure enough, the next day began a historic ascent of Apple stock, an in-your-face rally that many thought made no sense. There's a coalescence of two themes, high speed, accelerated computing and increasingly intelligent AI, and neither works without Nvidia chips. I know that it seems impossible to ponder Nvidia's stock going any higher or passing Apple and Microsoft and staying ahead of it. Ask yourself, does any company match Jensen and Nvidia right now? I say let others be baffled over the Apple versus Microsoft versus Nvidia conundrum.

Persons: WWDC, Tim Cook, Tim, Claude, hasn't, Moore, Elon Musk, Nvidia's, Jensen Huang, Jensen, Ben Franklin, Franklin, Da Vinci, — Jensen, Steve Jobs, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Developers, Microsoft, Club, Dell, HP Inc, PC, Micron, Nvidia, Computers, Intel, AMD, Pentium, Taiwan Semiconductor Manufacturing Co, Franklin Institute, Oracle, Google, GTC Conference, Cisco, Jim Cramer's Charitable, CNBC Locations: Philadelphia, Rome, Jensen

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ Comeback candidates for 2024's second half include Starbucks and Nike — Here are the rest
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

However, shares of heavyweight companies including Nike and Starbucks have not fared as well this year. The sneaker manufacturer has slipped about 12% in 2024, while Starbucks has pulled back more than 16%. Starbucks The coffee chain posted sluggish fiscal second-quarter results in late April, noting a stark decline in same-store sales. SBUX YTD mountain Starbucks stock. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Christine Cho, Morgan Stanley, Alex Straton, skews, Straton, Raymond James, RJ Milligan, amortization, Milligan Organizations: Nvidia, Nike, Starbucks, CNBC Pro, CNBC, Stock, Caesars Entertainment, Caesars Locations: SBUX, FY3Q24E, China

☆ Stocks making the biggest moves midday: Sarepta Therapeutics, Hertz Global, Asana and more
▼ + stars: | 2024-06-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Hertz Global — Shares rose more than 10% after the car rental giant upsized a bond offering to $1 billion . Asana — The stock popped 10.5% after the software firm announced a share buyback plan that would cost $150 million. Nvidia — The chipmaker dropped another 1% following a 3.5% decline in the previous session. Gilead Sciences — Shares of the pharmaceutical company popped around 2%, adding to an 8.5% rally from the previous session. Palo Alto Networks — Shares rose 2.4% after D.A.

Persons: Gilead, LendingTree, Davidson, D.A, Boyd Gaming, Boyd, —, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: Therapeutics, U.S . Food, Drug Administration, FDA, Hertz, Nvidia, Gilead Sciences, Bloomberg, Palo Alto, D.A, Penn Entertainment, Boyd, Reuters, Boeing Locations: U.S, Gilead, Palo, cybersecurity, Thursday's

Stifel raised its price target on Nvidia to $165, implying more than 20% upside. Analyst Andrew Boone also set a price target of $38, corresponding to a nearly 22% increase from Tuesday's close. — Lisa Kailai Han 6:06 a.m.: Stifel raises its price target for shares of Nvidia Stifel raised its price target for Nvidia in a recent note. Roy added that his new price target was also based on his new earnings estimate for the fiscal year 2027. — Lisa Kailai Han 6:06 a.m.: KeyBanc raises Meta Platforms price target Strong ad momentum will drive more gains for Meta Platforms shares, according to KeyBanc.

Persons: Stifel, Piper Sandler, Kumar, Harsh, — Lisa Kailai Han, Andrew Boone, Life360, Boone, Nvidia Stifel, Ruben Roy's, Roy, Lisa Kailai Han, Justin Patterson, Patterson, Meta, Fred Imbert Organizations: CNBC, Nvidia, Devices, AMD, Life360, Automotive, Meta Locations: Tuesday's, Meta

☆ How Nvidia is now worth more than Apple
▼ + stars: | 2024-06-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

But these multigenerational brand names are now trailing behind Nvidia, suddenly the most-valuable public company in the world. With a market value of over $3 trillion, Nvidia is worth more than most countries’ entire economies. All that demand for Nvidia chips surely must’ve increased competition, right? All that means is demand for Nvidia chips isn’t going away any time soon but that competition will continue to grow more fierce. Before we know it, another company with a name most people can’t pronounce will be referred to as the next Nvidia.

Persons: New York CNN —, chipmaking, “, Jensen Huang, Huang, OpenAI, it’s Organizations: New, New York CNN, Apple, Microsoft, Google, Nvidia, Meta, IBM Locations: New York, Denny’s, Silicon Valley

CNN —Nintendo has dropped a fresh surprise for fans – a new Zelda title where gamers will finally be able to play the titular princess from the legendary fantasy series. The new game, “The Legend of Zelda: Echoes of Wisdom,” will release on the Switch console on September 26, according to a statement from Nintendo. The many iterations of the games usually revolve around the heroic elf Link, who spends most of his adventures trying to save Princess Zelda who, more often than not, has been kidnapped or mysteriously disappeared. Now it’s up to Princess Zelda to step into the protagonist’s role,” Eiji Aonuma, producer of the Zelda series, said in a video released by Nintendo. The release of a new Zelda game is the second surprise announcement Nintendo has dropped in recent weeks.

Persons: –, Zelda, ”, Princess Zelda, ” Eiji Aonuma, Shuntaro Furukawa Organizations: CNN, Nintendo, ” Nintendo

☆ Elon Musk's gamer streams are a new way to hear him riff on Tesla, SpaceX, and Neuralink
▼ + stars: | 2024-06-18 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Fans can tune into Elon Musk's gamer livestreams on X, which can last multiple hours. Musk streams under the handle cyb3rgam3r420 and plays games and answers questions via the chat. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A known avid gamer, the Tesla CEO has recently been streaming live on X, formerly Twitter, the social media company he owns. The livestreams are under his gamer-focused handle @cyb3rgam3r420 (yes, it references 420 — a favorite number of Musk's), not his usual @elonmusk handle.

Persons: Musk, —, Elon Musk Organizations: Elon, Service, Business Locations: Mars

☆ Nvidia passes Microsoft in market cap to become most valuable public company
▼ + stars: | 2024-06-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia , long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the company's market cap to $3.33 trillion, surpassing Microsoft . Earlier this month, Nvidia hit a $3 trillion market cap for the first time, and passed Apple . Founded in 1991, Nvidia spent its first few decades primarily as a hardware company that sold chips for gamers to run 3D titles. Nvidia is a newcomer to the title of most valuable U.S. company.

Persons: It's, Jensen Organizations: Nvidia, Microsoft, Apple, Forbes, Windows, Dow Jones, Dow Locations: OpenAI, U.S

☆ How the Supreme Court could decide Trump’s blockbuster fight for immunity
▼ + stars: | 2024-06-18 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

Trump’s out of luck: No immunityThe simplest outcome would be for the Supreme Court to rule that former presidents are not entitled to immunity from criminal prosecution. Nixon and the ‘outer perimeter’ of powerBut the justices could reach more broadly by granting some degree of immunity for “official” actions. That official-versus-private debate emerged as a key component of Trump’s immunity battle and will be closely scrutinized once the opinion lands. In terms of timing, a lot would depend on the direction the Supreme Court gives Chutkan in its opinion. It could also raise the possibility of further pre-trial legal wrangling, unless the Supreme Court explicitly ruled out appeals of those decisions.

Persons: Donald Trump, –, Jack Smith’s, Trump, “ Trump, ”, Jonathan Entin, Trump’s, John Roberts, Brett Kavanaugh –, he’s, ” Roberts, ” It’s, Neil Gorsuch, ” Kavanaugh, Nixon, Fitzgerald, Ernest Fitzgerald, Richard Nixon, Rudy Giuliani, Matthew Seligman, Alison LaCroix, ‘, Tanya Chutkan, “, ” Entin, Smith, LaCroix, we’ll, ’ ” Organizations: CNN, Trump, Case Western Reserve University’s School of Law, Appeals, DC Circuit, Supreme, Nixon, Air Force, Constitutional, Center, Stanford Law School, Security, University of Chicago Law School, US

☆ Hollywood is facing a dire threat: sports
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. All this has dire implications for entertainment budgets, which media companies have already been trimming after overspending to build streaming businesses. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

Persons: —, Doug Shapiro, Shapiro, Seth Meyers, Spencer Wang, David Levy, — it's, Levy, it's, Jonathan Miller, WBD, Michael Kassan, Mark Lazarus, Media Group's, John Kosner, Ed Desser, Sports doesn't, David Zaslav, Alex Iosilevich Organizations: Service, NBA, Business, Turner Broadcasting, Apple, Google, Street Journal, NBC, ESPN, Amazon, Warner Bros, NFL, Comcast, Netflix, Nielsen, Turner Networks, Horizon, Entertainment, Marvel, Star, Integrated Media Co, Hollywood, Media, Warner Bros . Discovery, Sports, Cannes Lions, Turner, TNT, TBS, Premier League, WWE

☆ The cost of sports content is soaring — and it could mean big cuts in Hollywood budgets
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Read previewSports has increasingly become the star of the show for big TV companies, and its ascent is sending a shiver down Hollywood's spine. AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

☆ Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Xreal, an augmented reality glasses maker, has launched a connected Beam Pro mobile device that allows users to capture spatial video and 3D images. Xreal said the Beam Pro uses Nvidia CloudXR technology for image rendering and Qualcomm 's Snapdragon spatial computing platform. A pair of Xreal AR glasses costs around $200 to $400, depending on the model and sales promotion. That means a set of Xreal AR glasses and Beam Pro costs significantly less than $1,000. The Beam Pro launched in China in late May.

Persons: Apple, Chi Xu, Xu, Xreal, Rokid, Ramon, Xreal Xu Organizations: BEIJING — Games, Google, Apple, CNBC, Apple Vision, Beam, Nvidia, Qualcomm, Amazon Web Services, IDC Research, Vision, The Locations: BEIJING, U.S, China, Hong Kong, Japan, Singapore

The meme stock was down about 12%, as the company's rescheduled shareholder event wrapped up with no detailed remarks about its strategies. GameStop shares dropped to session lows Monday after the company's highly anticipated annual meeting failed to offer any concrete updates on the video game retailer's future plans. Cohen didn't provide more specifics on the company's future growth strategies. GameStop is still struggling with a transition to online gaming and away from brick-and-mortar video game purchases, with investors banking on Cohen to eventually reinvent the company. The retailer recently raised more than $2 billion in an at-the-market equity sale as the video game company took advantage of the revived meme rally.

Persons: Ryan Cohen, Cohen, Cohen didn't, Roaring Kitty, Keith Gill, Gill Organizations: GameStop, New York Stock Exchange Locations: New York City, U.S

☆ My son's video game habit worried me but it fueled his interest in coding, robots, and AI. At age 16, he won $55,000 at a science fair.
▼ + stars: | 2024-06-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

It helped him, especially in his science fair projects. They both used their coding skills later when they developed AI models for their science fair projects. But video games might have taken my son a step further. John and Pauline did their next science fair project together, expanding on the concept with tomato plants and a rover. John Benedict Estrada and Pauline Estrada stand in front of their science fair project at Regeneron ISEF.

Persons: —, Maria Estrada, It's, they've, John, Mario, Pauline, Dexter, Estrada's, Gordon E, Moore, John Benedict Estrada, Pauline Estrada, ISEF Organizations: Service, Fresno State, Business, Nintendo, PlayStation, Regeneron, Science, Engineering, University of California Locations: ISEF, Berkeley

☆ The rise in sports betting and gambling violations by pro athletes, in 4 charts
▼ + stars: | 2024-06-15 | by ( Annette Choi | ) edition.cnn.com time to read: +4 min

As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.

Persons: Tucupita, Jontay Porter, Robert Manfred, —, There’s, LeBron James, ”, Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
▼ + stars: | 2024-06-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral. Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.

Persons: RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh Organizations: Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies Locations: Bank, U.S

☆ US designates Nordic neo-Nazi group as terrorists
▼ + stars: | 2024-06-14 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +4 min

CNN —The US State Department on Friday designated a Nordic neo-Nazi group and three of its top officials as terrorists. It’s the second time in history that the US has designated a foreign White supremacist organization and its leaders as terrorists. The department designated the Nordic Resistance Movement (NRM) and three of its top officials – Tor Fredrik Vejdeland, Pär Öberg, and Leif Robert Eklund – as Specially Designated Global Terrorists on Friday, according to a statement from spokesperson Matthew Miller. The Trump administration in 2020 designated the Russian Imperial Movement (RIM) and its leaders as Specially Designated Global Terrorists. NRM is a transnational neo-Nazi organization founded in Sweden in 1997, with branches in Norway, Denmark, Iceland, and Finland, according to the State Department.

Persons: – Tor Fredrik Vejdeland, Pär Öberg, Leif Robert Eklund –, Matthew Miller, Biden, Trump, ” Miller, “, ”, Harris Administration’s, —, Ian Moss, Donald Trump Organizations: CNN, US State Department, Nazi, White, Nordic Resistance Movement, Terrorists, Russian Imperial Movement, State Department, United, US Intelligence Community, Biden, Department, Bureau, Counterterrorism Locations: Sweden, Norway, Denmark, Iceland, Finland, United States, Europe, South America, Australia, Canada, New Zealand, U.S

☆ Stocks making the biggest moves premarket: Adobe, Hasbro, GameStop and more
▼ + stars: | 2024-06-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GameStop — The meme stock dipped 1.1% after Keith Gill, known as "Roaring Kitty," seemingly increased his ownership in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in cash, according to a screenshot he posted to Reddit. JPMorgan upgraded shares to overweight from neutral on Friday, saying Adobe is poised for "smoother sailing ahead" after its strong quarterly print. Hasbro — Bank of America upgraded the toymaker to buy from neutral, sending shares 1.7% higher. On the other hand, the company saw $727 million in revenue, topping the $725 million estimate from analysts.

Persons: Keith Gill, Adobe, RH, LSEG, ZScaler, Alex Harring, Michelle Fox Theobald Organizations: GameStop, Adobe, JPMorgan, Hasbro — Bank of America, Wall, Boeing, New York Times, Federal Aviation Administration, Zero Trust Network Security

☆ BeReal is being acquired and its CEO is stepping down
▼ + stars: | 2024-06-11 | by ( Kali Hays | ) www.businessinsider.com time to read: +1 min

BeReal is acquired by Voodoo Games for 500 million euros. The once-popular social media app struggled to grow and had limited runway left. Co-founder and CEO Alexis Barreyat will leave BeReal after a transition period. Voodoo, a French gaming company, said it valued BeReal at 500 million euros. Business Insider first reported that BeReal was looking to be acquired.

Persons: BeReal, Alexis Barreyat, — Organizations: Voodoo Games, Service, Business Locations: French

☆ 6 sports-betting execs break down the biggest challenges facing the industry and how they're trying to solve them
▼ + stars: | 2024-06-11 | by ( Tiara White | Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLegal sports betting is becoming more mainstream in the US, and regulators and leagues are starting to scrutinize it more closely. The industry's evolution is creating new challenges in areas like player protection, responsible gaming, and product innovation. "They're really trying to squeeze out as much profit and as much margin as they can, and it's starting to feel that way," Doctor told BI, describing what he considers one of the biggest challenges facing the industry. "When it comes to responsible gaming and responsible betting," she said.

Persons: —, Tucupita Marcano, sportsbooks, Zach Doctor, They're, Joe Maloney, Ashley Cahill, Dave Foppert, DraftKings, Foppert, Christiana Yebra, Max, Yebra, we'll, Mark Nerenberg Organizations: Service, San Diego Padres, Major League Baseball, Business, PNC Bank VP, American Gaming Association, Sports, Netflix

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