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Separately, state agencies said late Thursday that millions of people in Louisiana and Oregon had their data compromised in a security breach. The cyberattack has targeted federal and state agencies. No other federal agencies have confirmed being impacted. And on Thursday, state agencies said 3.5 million Oregonians with driver’s licenses or state ID cards had been impacted by a breach as well as anyone with that documentation in Louisiana. But much of the responsibility now lies on businesses and federal agencies rather than individuals, according to Cattanach.

Persons: “, ” Robert Cattanach, Dorsey, you’re, ”, Clop, Brett Callow, Emsisoft, ” Callow, Aon, they’ve, ” CISA, Allan Liska Organizations: CNN, Infrastructure Security Agency, Whitney, Department of Justice, The Department of Energy, BBC, British Airways, Boston Globe, Sydney Phoenix, US Department of Homeland, Johns Hopkins University, University of Georgia, –, Progress Software Locations: Russian, Louisiana, Oregon, Minnesota, Illinois, Arlington , VA, Baltimore, Georgia’s

☆ Reddit’s fight with its most powerful users enters new phase as blackout continues
▼ + stars: | 2023-06-16 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

CNN —After nearly a week of mass protests on Reddit directed at its management, the company’s strategy appears to be simple: power through. That approach was reflected Thursday in a series of media interviews conducted by Reddit CEO and co-founder Steve Huffman. In response, some moderators have vowed to put pressure on Reddit’s advertisers and investors. Some 100,000 forums remain open, the company said in a blog post, including 80% of its 5,000 most actively engaged subreddits. In addition, one company administrator said Thursday, Reddit may soon view communities that remain private as an indicator that the moderators of those communities no longer wish to moderate.

Persons: Reddit, Steve Huffman, Huffman, ”, ” Huffman, they’re, Greg Doherty, Omar, ” Omar, “, “ Reddit, They’ve Organizations: CNN, Reddit, Variety, Wynn Las, NPR, NBC News Locations: Wynn Las Vegas, Las Vegas , Nevada

☆ 'AI excitement is becoming irrational': 4 Wall Street strategists break down why investors should proceed with caution around artificial intelligence stocks as hype around the technology grows
▼ + stars: | 2023-06-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

This is mind, some strategists are urging investors to proceed with caution around the technology. Below, we've compiled quotes from strategists who are warning investors not to get caught up in the hype. For example, of the top-ten technology stocks at the peak of the Tech Bubble, only two remain in the top ten today," he continued. He said he plans on reducing his positions in some AI stocks. "The excitement about generative AI has distracted investors from the possible risks of a looming recession," Goodwin said on June 6.

Persons: we've, Jason Pride, Michael Landsberg, Wealth Management Landsberg, Michael Kantrowitz, Piper Sandler Kantrowitz, Piper Sandler, Kantrowitz, Piper Sandler Lauren Goodwin, Goodwin Organizations: Tech, Landsberg Bennett, Wealth Management, New York

☆ Twitter's new CEO just sent her first email to employees, then posted it on Twitter
▼ + stars: | 2023-06-12 | by ( Paul Squire | Madeline Berg | ) www.businessinsider.com time to read: +4 min

Twitter's new CEO Linda Yaccarino says it's time for the platform to enter "Twitter 2.0." In an email to employees, Yaccarino said: "You should have the freedom to speak your mind." Twitter's new CEO Linda Yaccarino is sharing her vision for "Twitter 2.0" — and it sounds a lot like owner Elon Musk's ambitions. In an email sent Monday to Twitter employees, Yaccarino said it's her mission to turn Twitter into "the world's most accurate real-time information source." "That's not an empty promise," she wrote, later sharing the email — with some slight tweaks — in a public thread on Twitter.

Persons: Linda Yaccarino, Yaccarino, Elon Musk's, it's, Elon Musk, Musk, Twitter, she'll Organizations: Twitter, The New York Times, US

☆ Thousands of Reddit communities go dark to protest company’s controversial new policy
▼ + stars: | 2023-06-12 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

CNN —Thousands of Reddit forums are going dark Monday in one of the largest user-driven protests ever to hit the social media platform. For years, Reddit users could browse posts, write comments and share pictures and video on Reddit from third-party apps. Some users have said they were not even aware it is possible to access Reddit from third-party apps. Twitter’s move prompted an outcry from third-party app makers, misinformation researchers and public service account-holders who said the move would harm transparency and accessibility. For Reddit and its future shareholders, the company’s value derives from the infrastructure the site provides for conversation.

Persons: Reddit, Christian Selig, Selig, Steve Huffman, ” Huffman, Elon Musk, Twitter’s, reddit, “ I’ve Organizations: CNN, Twitter Locations: Reddit

☆ I made $205,000 in revenue in 4 months and landed brand deals with Lululemon. Here's how I turned my fitness side hustle into multiple income streams.
▼ + stars: | 2023-06-12 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

I decided to try launching a fitness business but stayed in my job for the time being. I spent the bulk of the money I'd saved hiring a video team to film 11 workout videos. In 2016, I asked Fabletics if I could film workout videos for them in their apparel. I wore the leggings in my YouTube videos and posted the link in the description. People started asking for more YouTube videos, so now we have an option for customers to pay $5.99 for additional workout videos and behind-the-scenes videos.

Persons: Lindsey Bomgren, Bomgren, I've, I'd, there'd, Fabletics, didn't Organizations: Google, YouTube, Lululemon Locations: Minneapolis, AdSense

☆ A top-1% fund manager over the past 3 years shares how he's consistently outperformed throughout wildly different markets — and 8 of his favorite places to invest right now
▼ + stars: | 2023-06-09 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are eight companies or areas of the market that Muhlenkamp said he's bullish on. Regardless of what's happened in the economy or markets, the veteran investor's namesake Muhlenkamp Fund (MUHLX) has found a way to dominate. Although energy stocks have since reversed to become the worst-performing sector of 2023, Muhlenkamp said he's stuck with the group while riding the broad rebound in technology stocks. Two other tech companies Muhlenkamp mentioned are semiconductor firms Broadcom (AVGO) and Microchip (MCHP). Outside of technology, Muhlenkamp said he continues to like stocks tied to housing and financials, including certain regional banks.

Persons: Jeff Muhlenkamp, Muhlenkamp, he's, I'd, Morningstar, Goldman Sachs, they've, they're, He's Organizations: Muhlenkamp, Apple, Microsoft, Apple Watch, Vision, Broadcom, Bank, Federal Locations: Regional

☆ Cramer says snap up this leading medtech stock — wishes he could buy shares too
▼ + stars: | 2023-06-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

GE Healthcare (GEHC) shares are sliding Thursday, giving Club members an opportunity to invest in the medical-technology company at an increasingly attractive valuation. The noise around this transaction seems to be dragging down GE Healthcare shares. Thursday's declines push GE Healthcare shares below our cost basis of $79.47, which typically is a welcome development for a newer, smaller position. Essentially, what's happening now is General Electric is exchanging more than a quarter of its GEHC shares in a deal with Morgan Stanley. So, it's hardly a surprise to see General Electric monetizing some of its GE Healthcare stake to improve its balance sheet.

Persons: Jim Cramer, we're, we'd, Jim, Electric's, isn't, Morgan Stanley, Larry Culp, Global's, dilutive, Jim Cramer's, Yi Haifei Organizations: GE Healthcare, Electric, GE, CNBC, General Electric, GE Vernova, Intel, Mobileeye, Fair for Trade, Services, China National Convention Center, China News Service, Getty Locations: China, Beijing

☆ There aren't actually THAT many people using ChatGPT
▼ + stars: | 2023-06-08 | by ( Monica Melton | ) www.businessinsider.com time to read: +2 min

Adoption of AI tools like chatbots ChatGPT and Google Bard remains surprisingly low. Some days, it feels like the whole world is using ChatGPT. A chart from a Morgan Stanley research report Morgan StanleyPeople mostly use chatbot services to learn about a new topic. When online shopping, 56% of respondents said they start by using Google Search, YouTube, or Bard. Online travel research was a little more split between Google and travel services like Expedia, and Bookings.com.

Persons: Google Bard, Morgan Stanley, Bard, chatbots Organizations: Google

☆ Meta to debut new Channels broadcasting tool for WhatsApp
▼ + stars: | 2023-06-08 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Meta plans to debut a new broadcasting feature dubbed Channels for its WhatsApp messaging service. The Channels admins won't be allowed to add followers to their channels, which will store messages for 30 days before they are deleted. Unlike more conventional WhatsApp messages, Channels will not use end-to-end encryption so that they can "reach a wide audience," WhatsApp said in a blog post. WhatsApp users will eventually be able to find Channels they want to join in a searchable directory. WhatsApp plans to eventually let anyone create a WhatsApp channel, besides its current launch partners that also include the International Rescue Committee and the World Health Organization.

Persons: WhatsApp, Mark Zuckerberg, CNBC's Jim Cramer, Meta, monetize WhatsApp Organizations: Singapore Heart Foundation, International Rescue Committee, World Health Organization, Meta, Facebook, YouTube Locations: Singapore, Colombia

☆ JPMorgan hikes Netflix price target, says password sharing crackdown can drive revenue growth
▼ + stars: | 2023-06-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

This comes after Netflix said at its Upfront presentation last month that the company's ad-supported tier and password sharing crackdown are gaining traction. The analyst forecasts total paid sharing revenue of $2.4 billion in 2024 and $3.5 billion in 2025. We now model GAAP EPS of $15.40 in 2024 & $18.89 in 2025, along [with free cash flow] of $6.0B in 2024 & $8.6B in 2025," Anmuth wrote. Netflix shares are trending higher this quarter, up more than 15%, while the S & P 500 climbed 4%. JPMorgan was not the only Wall Street firm to hike its price target on Netflix.

Persons: Doug Anmuth, Anmuth, Wells Fargo's Steven Cahall, — CNBC's Michael Bloom Organizations: Netflix, JPMorgan Locations: Tuesday's

☆ How influencers make money from affiliate marketing and the networks they use
▼ + stars: | 2023-06-06 | by ( Sydney Bradley | Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

Those links are often affiliate marketing links that let creators earn a commission on sales. We spoke with creators about how much money they earn from influencer affiliate marketing. What is influencer affiliate marketing? Influencers often use affiliate marketing as a way to earn income outside of sponsored posts or ad revenue on videos. Here are 9 top platforms influencers used to make money from affiliate linksThere is often no minimum follower count needed to make money from affiliate marketing.

Persons: Influencers, influencers, influencer Kara Harms, it's, Tori Dunlap Organizations: what's, Social

☆ Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap - analysts
▼ + stars: | 2023-06-05 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

"Saudi Arabia has a track record of delivering on material cuts," RBC Capital's Helima Croft said in a note. "Hence, we would expect the full 1 million bpd unilateral cut to hit the market in July, nearly doubling the true physical reduction we have seen from the producer group since October." "With Saudi Arabia protecting oil prices from sliding too low by cutting production, we think oil markets are now more prone to a shortfall later this year," Commonwealth Bank of Australia analyst Vivek Dhar said in a note. "We think Brent futures will rise to $85/bbl by Q4 2023 even with a tepid demand recovery in China factored in." "Affording it the 200,000 bpd quota adjustment for 2024 seems to settle the issue of its OPEC membership for now."

Persons: Brent, Helima Croft, Vivek Dhar, Goldman Sachs, Daan Struyven, Callum Bruce, Daniel Hynes, Soni Kumari, RBC's Croft, Florence Tan, Sonali Paul Organizations: Saudi, Organization of, Petroleum, RBC, Commonwealth Bank of Australia, bbl, ANZ, U.S . Federal, United Arab, Thomson Locations: SINGAPORE, Saudi Arabia, Saudi, Russia, China, Iran, Venezuela, OPEC, United Arab Emirates

☆ As Wall Street pushes valuations of AI companies into the atmosphere, America's small businesses are getting more 'AI curious,' survey shows
▼ + stars: | 2023-06-01 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

"Small businesses are AI-curious," American Express said about its survey of 550 small business leaders. "Small businesses are AI-curious," American Express said about the results of its recently released survey of 550 small business leaders. The survey, which ran in March, showed that 41% of small businesses are prioritizing AI to help them make decisions. The findings come as Wall Street is in the midst of an investment frenzy set off by last year's introduction of natural-language chatbot ChatGPT. But AI stocks have jumped so much that some on Wall Street think it's time to reduce risk and capture some profits.

Persons: —, Michael Landsberg Organizations: Express, Service, Nvidia, Big Tech, Google, Microsoft, Landsberg Bennett, Wealth Management

☆ Salesforce shares drop on slowest revenue growth in more than 10 years
▼ + stars: | 2023-06-01 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

June 1 (Reuters) - Salesforce Inc (CRM.N) fell 5% on Thursday after reporting quarterly revenue that increased at its slowest pace since 2010, with companies cutting back spending on cloud-based software offerings. The enterprise software maker was set to shed nearly $12 billion in market value, based on its premarket share price of $211.39. Salesforce on Wednesday posted its smallest rise in quarterly revenue in 13 years and predicted a further slowdown ahead, blaming an uncertain U.S. economy and weaker demand from financial services and tech companies. Belt-tightening measures by businesses dealing with elevated levels of inflation and high interest rates have impacted tech spending this year, hitting growth at major cloud services players such as Amazon.com Inc (AMZN.O). Salesforce posted a net income of $199 million, compared with $28 million a year earlier, with operating margin rising to 5.0% from 0.3%.

Persons: Bernstein, Salesforce, D.A, Davidson, Samrhitha, Shounak Dasgupta Organizations: Salesforce, Amazon.com Inc, Thomson Locations: U.S, Bengaluru

☆ Facebook is this creator's primary platform. Here's how she makes money with 285,000 followers, and what she earns.
▼ + stars: | 2023-06-01 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Brown, now 26, is a content creator on the platform with 285,000 Facebook followers. Unlike many creators who have taken to TikTok, Instagram, or YouTube to build a career, Brown's audience is primarily on Facebook. Brown started making money as a creator through Facebook's Reels Play Bonus program in July, which paid creators a monthly sum for accumulating views on their reels. But come March, Facebook paused its bonus payouts to focus on its ad-revenue-share program Ads on Reels. Reels Play Bonus: Though Meta ended its Reels Bonus Program, Brown earned about $1,200 each month from Facebook through this while it lasted.

Persons: Shaniece Brown, Brown, she's, Meta, she'll Organizations: Facebook, Brown, Walmart, Burlington Coat Factory, Target Locations: Burlington, strategize

☆ A step-by-step guide on how to create and monetize an e-book in as little as one weekend
▼ + stars: | 2023-06-01 | by ( Corrie Alexander | ) www.businessinsider.com time to read: +12 min

Alexander says that with the right tools you can create a book in as little as a weekend. Canva has a ton of free book cover templates that you can use as a springboard for your own design. To create your e-book, I would recommend one of two options:Canva: The first option is to create your e-book within Canva. However, there is still a lot of work you'll need to do to get the e-book ready. For instance, you'll need to manually add in your table of contents, page numbers, and any other visual elements.

Persons: Corrie Alexander, Alexander, —, caan, Jasper, Jasper Jumpstart, You'll, Grammarly, Speechify, Canva, Jasper Art, you've, It's, you'll Organizations: Service, Google, PayPal, YouTube Locations: Jasper, Canva

☆ Making money as a startup is hard, so these New Jersey companies are selling their financial losses in exchange for millions in cash
▼ + stars: | 2023-06-01 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

The state of New Jersey offers a unique program that allows startups in the state to sell those losses for cash. To date, TrueFort has pulled in $20 million through a New Jersey program for startups. Those companies can then deduct those losses from their taxable income, cutting the amount of money they pay in taxes. The NOL program is especially popular among biotech businesses like Lisata, which are characterized by large R&D expenses and unpredictable paths to profitability. The NOL program is part of a suite of programs designed to support New Jersey startups.

Persons: Sameer Mahorta, TrueFort, Malhorta, David Mazzo, Mazzo, Lisata, Mahorta Organizations: Partners, Shasta Ventures, New, New Jersey Economic Development Authority, state's Technology, Bank of America, NOL, Garden State Locations: New Jersey, Weehawken, Silicon, Garden

☆ Here are Thursday's biggest analyst calls: Target, Tesla, Toast, Chevron, Meta, Toll Brothers and more
▼ + stars: | 2023-06-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan downgrades Okta to neutral from overweight JPMorgan Chase said it sees too many macroeconomic pressures for the company. " JPMorgan downgrades Target to neutral from overweight JPMorgan Chase said in its downgrade of the stock it sees a "weakening" consumer. Bank of America initiates Toast as buy Bank of America said the restaurant tech company is "best in class." JPMorgan upgrades Domino's Pizza to overweight from neutral JPMorgan Chase said in its upgrade of Domino's that it's too cheap to ignore. Bank of America reiterates Dick's as buy Bank of America said it's bullish on the company's new store format.

Persons: Goldman Sachs, Goldman, Johnson, it's, Salesforce, JPMorgan downgrades, JPMorgan Chase, we've, Horton, PulteGroup, TOST, BorgWarner, Morgan Stanley, Tesla, XOM, Cowen, Phillips, Wedbush, Macquarie, Dick's, it's bullish, DKS Organizations: AAP, Barclays, JCI, RBC, Chevron, JPMorgan, JPMorgan downgrades Target, Deutsche Bank, " Bank of America, Bank of America, Restaurant Association, BorgWarner Deutsche Bank, Citi, Meta, ExxonMobil, UBS, CSX, Garden Entertainment, Knicks, Rangers, Networks Locations: Europe, New York

☆ Reddit will charge hefty fees to the many third-party apps that access its data
▼ + stars: | 2023-06-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Application programming interfaces (APIs) have long been the way that third parties access the data from large internet companies and connect to their apps. Reddit has a thriving ecosystem of apps, plugins, and services created by amateur and professional developers. Users and developers were outraged when Twitter said it would charge $42,000 for 50 million requests. Apollo said it paid about $166 for the same number of API requests from the online-image sharing service Imgur. While many companies charge for API use, Reddit has historically derived the bulk of its income from advertising.

Persons: Baumgartner, Reddit, Conde Nast, Elon Musk, Twitter, Reddit didn't Organizations: Advance Publications, Charter Communications, Warner Bros ., Twitter

☆ 33 rising stars in influencer talent management shaping the future of the creator economy
▼ + stars: | 2023-05-30 | by ( Amanda Perelli | Marta Biino | ) www.businessinsider.com time to read: +2 min

Insider is highlighting 33 rising stars in management who are shaping the creator economy's future. A big focus for many talent managers in the creator space is helping their clients move beyond their presence on social media: branch out into traditional media, launch physical and digital products, and start their own companies. Jordan Schwarzenberger, for example, cofounded Arcade Media, a talent firm that exclusively manages the Sidemen — a creator collective with over 240 million combined followers. Insider chose these rising stars based on reader nominations, as well as reporting and conversations with industry professionals. Here are 33 rising stars in influencer talent management, listed alphabetically by company name:

☆ This Gen Z founder made an OnlyFans rival that has no nudity and sold it for $65 million
▼ + stars: | 2023-05-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +9 min

He said it sold for $65 million after sites including TikTok "failed" to help creators make money. The 22-year-old certainly doesn't need to live with his folks: He became a millionaire last year after his company, Fanfix, sold for $65 million, according to Crunchbase. It's a model broadly similar to OnlyFans, but with a major difference: it doesn't allow nudity. When SuperOrdinary bought Fanfix, Insider's Geoff Weiss reported that there were plans for product collaborations with the platform's creators. And they took advantage of the creators, and so a massive gap opened up for platforms like Patreon, platforms like us."

☆ ChatGPT copycats are taking over the App Store — and costing users even more than the real thing
▼ + stars: | 2023-05-22 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Several apps that seem to rip off OpenAI's ChatGPT are populating Apple's App Store. ChatGPT is now available on Apple's App Store — and so are a lot of similar looking AI chatbots. A slew of apps like "Chat with Ask AI" and "AI Chat — Chatbot AI Assistant" have cropped up on the App Store recently. They're not just dupes: Some are powered by ChatGPT or GPT-4, according to their descriptions on the App Store. Emails sent to the developer contacts for the apps "Ask AI" and "AI Chat — Chatbot AI Assistant" did not receive responses.

☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Amazon, DraftKings, Nike, Snowflake & more
▼ + stars: | 2023-05-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Piper Sandler names Microsoft, Snowflake and Oracle top AI picks Piper said that Microsoft, Snowflake and Oracle are the next "all-stars" in AI. Citi adds a negative catalyst watch on Nike Citi said Foot Locker's negative earnings report last week does not portend well for Nike. Citi downgrades Foot Locker to neutral from buy Citi downgraded Foot Locker after its disappointing earnings report last week and says shares are not fully de-risked. Deutsche Bank reiterates Snowflake as buy Deutsche says it's "constructive" heading into Snowflake earnings on Wednesday. Bank of America reiterates Alphabet as buy Bank of America says the internet search giant is "well positioned for mobile."

☆ How TikTok became a key driver of audience growth for podcasts
▼ + stars: | 2023-05-22 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +2 min

Influencers are using short-form video to advertise their podcast clips. As more influencers have turned to video podcasting, short-form video clips have become an effective driver to build buzz and reach new audiences, according to industry insiders. Others use short-form platforms to share repackaged podcast clips and reach a new audience. Tutson's Studio71 has nearly 150 active podcasts in its network with creators, influencers, and YouTubers releasing both audio and video formats across several platforms. In addition to reach, short clips can also help an influencer earn revenue.

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