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☆ Top Meta executive said the company's name change was a success because it beat out coverage of the 'Facebook Papers' revelations
▼ + stars: | 2023-07-31 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg called it "ridiculous" to connect a new name to ongoing "Facebook Papers" coverage. Cox said the name change was successful, explaining his measure of success was the amount of press coverage of the name change compared to the whistleblower disclosures. "It was more than double the volume of the Facebook Papers coverage," Cox said on the call. "And it was a really big deal because Facebook Papers was a big story, especially inside the US." Are you a Meta employee or someone else with insight to share?

Persons: Meta's, Mark Zuckerberg, Chris Cox, revel, Frances Haugen, Cox, Sheryl Sandberg, Eric Schiffer, Kali Hays Organizations: Facebook, Morning, Meta, Wall Street Journal, Twitter Locations: khays

☆ A key test for EV sales and the adoption curve is coming
▼ + stars: | 2023-07-30 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

The company says it will reach 400,000 cumulative units of EV production by early 2024 and that its EV business will reach profitability by 2025. "They have dozens of EV models over the next two to three years. watch nowAmong analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. But GM's EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. "This will be the first year U.S. EV sales reach 1 million," Downey said.

Persons: Scott Mlyn, Brian Downey, Autotrader, Ford, Dan Ives, It's, they'll, Morgan Stanley, Adam Jonas, Mary Barra, Adam Jones, Colin Langan, Garrett Nelson, Chad Lyons, Lyons, Katie Minter, Rebecca Cook, Reuters Paul Jacobson, Jacobson, Ives, Downey, Tesla, Barra, they're, they've, Cox, Goodcarbadcar.net . Ford Organizations: Silverado, New York Auto Show, CNBC, General Motors, Cox Automotive, Kia, Porsche, Hyundai, Chevrolet Silverado, Wedbush Securities, Investors, GM, United Auto Workers union, Wall Street, Deutsche Bank, GMC Hummer EV, Chevy Silverado, GMC Sierra EV, Chevy Blazer, GMC, Blazers, Jaguar, Audi, North American, Reuters, EV, Cox, Ford's, Ford, Goodcarbadcar.net, Volkswagen, BMW – Locations: Detroit, Detroit , Michigan, U.S

Rising inventories and price-cutting could represent only a short-term pause in EV market growth. If production of EVs continues to outpace demand, automakers will have to choose between slashing prices and profit margins, or slowing assembly lines. More than 90 new EV models are expected to hit the U.S. market through 2026, according to AutoForecast Solutions. In a statement, Volkswagen's U.S. sales arm said "we have seen some softening in EV sales in the U.S. recently" as supply chain bottlenecks have eased, allowing for increased production. Wakefield said it is too soon to declare that U.S. EV demand has hit a plateau.

Persons: Tesla, EVs, Cox, Ford, Vitaly Golomb, Biden, Price, Mark Wakefield, Wakefield, Joe White, Nick Zieminski Organizations: DETROIT, EV, North, AutoForecast Solutions, Dealers, General Motors, Ford, Hyundai, Toyota, Cox Automotive, U.S, Cox, GM, Cadillac, GMC, Volkswagen, U.S ., VW, Industry, EVs, Thomson Locations: U.S, North America, United States, Texas, Washington, Tennessee

The cost to make a flat white, one of the most popular Australian coffee orders, jumped by nearly one-fifth. The result is smaller profits, a shrinking pool of regular customers and business owners heading for the exit. Before COVID-19, hospitality venues were about one-third of Australian small businesses advertised for sale. It paused in July but warned it may resume hiking if inflation, still running at 7%, fails to slow. "Some of my regulars I used to have will still come and get coffee and say, 'We had to bring lunch.

Persons: Jack Hanna, Hanna, Damian Krigstein, Peter Meredith, Guy Cooper, insolvencies, Patrick Coghlan, that's, David Cox, Cox, Byron Kaye, Lewis Jackson, Praveen Menon, Sonali Paul Organizations: Reuters, SBS Business, Link Business Sales Australasia, Australian Securities and Investments, Thomson Locations: SYDNEY, Europe, Sydney, Ukraine, Sydney's

Chief prosecutor Karim Khan visited Cox’s Bazar, Bangladesh, for four days this week to hear testimony from survivors of alleged genocide by Myanmar’s military against its Rohingya population. “There is heartbreak in these camps,” Khan said in an exclusive interview with CNN. Meanwhile, the Rohingya have been waiting six years and no such action has been taken against the Myanmar military leaders who ordered the attacks. “The big difference is that we have access to Ukraine, we don’t have access to Myanmar,” Khan said. Chief prosecutor Khan believed that Myanmar’s military leaders, including junta leader Min Aung Hlaing could be held to account.

Persons: Court’s, Karim Khan, ” Khan, ”, Vladimir Putin, Kutupalong, Ziabul Hossain, ICC’s Khan, Volker Türk, Khan, “, can’t, taka, Mohamed Rofique, Mohammad, Rofique, Min Aung, Slobodan Milošević, Charles Taylor, Jean Kambanda Organizations: CNN, ICC, Myanmar, Criminal, Getty, UN, Human, International Court of Justice, ICJ, Liberian, Rwandan Locations: Cox’s Bazar, Bangladesh, Ukraine, Rakhine, Russia, Myanmar, Kutupalong Rohingya, Cox's Bazar, Tanbir Miraj, AFP, Gambia, Maungdaw, Rohingya, Bazar

☆ A Meta exec appeared to mock Elon Musk by saying that its Twitter competitor will be 'a platform that is sanely run' — reportedly drawing cheers from staff
▼ + stars: | 2023-06-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Meta first confirmed in March that it's working on a Twitter competitor codenamed "Project 92." The audience reportedly cheered as he said people wanted a platform that's "sanely run." A Meta executive appeared to make fun of Elon Musk when telling staff about its Twitter competitor, The Verge reported. Twitter has sparked several controversies since Musk took over the platform, like its Twitter Blue subscription service which lets anybody get an official-looking blue checkmark. Executives added Meta's Twitter competitor will work with other apps like Mastodon and Bluesky because it uses the same protocol, ActivityPub, which is made up of decentralized servers, The New York Times reported.

Persons: Meta, Elon, Elon Musk, Chris Cox, We've, Cox, Musk, That's, –, zed him, Oprah, Dalai Lama, Moneycontrol's Organizations: Elon Musk, Twitter, Disney, Street, Meta, New York Times

☆ A lawsuit against DoorDash alleges what some users have long suspected: the company charges Apple users more than Android owners
▼ + stars: | 2023-05-19 | by ( Alex Bitter | Geoff Weiss | ) www.businessinsider.com time to read: +6 min

A proposed class-action lawsuit claims that DoorDash charges iPhone users more than Android owners. Building this trust is essential, and it's why the majority of delivery orders on our platform are placed by return customers. According to the lawsuit, "DoorDash charges the expanded range fee on iPhone users more often than Android users and charges iPhone users more for 'delivering' (likely because studies reveal iPhone users earn more)." Ross Hecox, Reid Hecox, US District Court for the District of MarylandIn other cases, iPhone users were charged a slightly higher delivery fee, according to the lawsuit. Others balked at the suit's claim that iPhone users were in a higher-income bracket and thus being charged higher fees.

☆ Powerful cyclone barrels towards Myanmar, Bangladesh; 400,000 evacuated
▼ + stars: | 2023-05-14 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

But many more could suffer as the storm moves inland from the Bay of Bengal, the United Nations Satellite Centre has warned. "People at risk are in the process of being transferred to safe shelters and we are also arranging relief packages," said Farah Kabir of ActionAid Bangladesh. Most refugees live in makeshift dwellings in the densely packed camps after having fled a military-led crackdown in Myanmar in 2017. "We have arranged for meals in co-operation with local residents but if this becomes long-term, there will be more problems." About 6 million people are already in need of humanitarian assistance and 1.2 million are displaced in Rakhine and the northwest, OCHA says.

☆ Cyclone Mocha heads to Bangladesh, Myanmar coasts as thousands flee
▼ + stars: | 2023-05-13 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

DHAKA, May 13 (Reuters) - A powerful storm packing winds of up to 175 kph (109 mph) barrelled towards the coasts of eastern Bangladesh and Myanmar on Saturday, threatening around a million Rohingya refugees and others living in low-lying areas. Thousands of people in both countries have already fled to safer areas ahead of the storm. Cyclone Mocha is likely to intensify further and make landfall on Sunday between Cox's Bazar in Bangladesh and Myanmar, the Bangladesh Meteorological Department said in a bulletin. Cox's Bazar, a southeastern border district, is where more than a million Rohingya refugees live, most of them having fled a military-led crackdown in Myanmar in 2017. At least 10,000 have left their homes in Myanmar's Rakhine state for safer areas, local media reported.

☆ Utah changed its state flag to honor Mormon work ethic — but it was a total flop. Now, even the state's governor admitted he 'should have known better.'
▼ + stars: | 2023-05-09 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Utah's new flag design is ruffling feathers, and people are already trying to replace it. Spencer Cox said that he should "have known better" that the new flag would be unpopular. Brandon Beckham, a member of Utah's Republican party central committee, told the Journal that the new design is "just a logo." "The original Utah flag has built in its ideals that are true to the founding of the state that are linked to history," Beckham told the Journal. Ryan Woods, a conservative drag performer known as Lady MAGA USA, said the change flies in the face of history.

☆ Rohingya say will not go home to Myanmar to be stuck in camps
▼ + stars: | 2023-05-06 | by ( Ruma Paul | ) www.reuters.com time to read: +3 min

DHAKA, May 6 (Reuters) - Rohingya refugees in Bangladesh said on Saturday they would not return to Myanmar to "be confined in camps" after making their first return visit as part of efforts to encourage their voluntary repatriation. Nearly a million Rohingya Muslims live in squalid camps in the Bangladeshi border district of Cox's Bazar. Myanmar is offering Rohingya national verification cards (NVC), which Rohingya refugees regard as inadequate. A Myanmar delegation, however, visited the camps in March to verify a few hundred returnees for a pilot repatriation project. “UNHCR maintains that dialogue with the Rohingya refugees is a must to make an informed decision,” the agency said in a statement.

☆ Rohingya say they won't return to Myanmar to be stuck in camps
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +3 min

DHAKA, May 6 (Reuters) - Rohingya refugees in Bangladesh said on Saturday they would not return to Myanmar to "be confined in camps" after making a visit to the country as part of efforts to encourage their voluntary repatriation. Myanmar is offering Rohingya national verification cards (NVC), which Rohingya refugees regard as inadequate. “Myanmar is our birthplace and we are citizens of Myanmar and will go back with citizenship,” said refugee Abu Sufian, 35. Bangladeshi officials have made several trips to Myanmar as part of efforts to get repatriation going, but this was the first by Rohingya refugees since 2017. A Myanmar delegation, however, visited the camps in March to verify a few hundred returnees for a pilot repatriation project.

☆ Car dealers reveal the 9 questions you should always ask before buying
▼ + stars: | 2023-04-08 | by ( Alexa St. John | ) www.businessinsider.com time to read: +9 min

Many of the car brands with more inventory on lots than others might also have higher loan payments. "The role of a dealer isn't just to sell them a car, it's to help them find the lowest interest rate possible, and that's both new car dealers and used car dealers. "Even based on the specific car, one bank may provide a lower interest rate on a specific sort of make and model." The used car market might be even more complicated for car shoppers than the new market right now. As a result, far fewer car shoppers have opted to lease a car in recent years.

☆ Logan Roy's fiery speech atop printer-paper boxes on 'Succession' evokes a real-life Rupert Murdoch moment
▼ + stars: | 2023-04-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

"Succession" patriarch Logan Roy rallied his fictional newsroom with a speech atop printer-paper boxes. In his speech, Murdoch told the reporters present that "We have to entertain, inform, enrich all our readers in their lives and in their businesses," according to Ellison's book. Representatives for Dow Jones and the Wall Street Journal did not respond to Insider's request for comment. "Then we all kind of stood around as people were literally dispatched to drag the printer boxes over to where Rupert planned to stand," she added. "The printer boxes, especially since we literally saw them dragged to their place, were key to the mood of menace and worry that day."

☆ Utah just passed a bill that will force children to get parental consent before joining social media platforms
▼ + stars: | 2023-03-24 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Utah's governor Spencer Cox passed legislation restricting teenagers' access to social media. The new bill requires social media firms to obtain parental consent before children can open accounts. It also requires social media companies to establish a curfew for teens from 10:30 p.m. to 6:30 a.m.Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Republican Governor Spencer Cox passed the Social Media Regulation Act, which aims to force social media companies to verify the age of all Utah residents before they can sign up for or maintain a social media account. The Associated Press reported that social media companies will likely sue to stop the law going into effect.

☆ Myanmar team in Bangladesh camps for Rohingya repatriation pilot project
▼ + stars: | 2023-03-15 | by ( Ruma Paul | ) www.reuters.com time to read: +3 min

DHAKA, March 15 (Reuters) - A Myanmar delegation is visiting Rohingya refugee camps in Bangladesh this week to verify a few hundred potential returnees for a pilot repatriation project, though a Bangladeshi official said it was unclear when they would be going home. Nearly one million Rohingya Muslim refugees are living in camps in the border district of Cox's Bazar in Bangladesh, most having fled a military-led crackdown in Myanmar in 2017. "The international community are playing ping pong with the Rohingya," Tun Khin, president of Burmese Rohingya Organisation UK, told Reuters. "Rohingya refugees face an impossible choice. Stay in terrible conditions in refugee camps where rations are being cut, or return to their home country where genocidal policies continue.

☆ 9 questions you should always ask when buying a car
▼ + stars: | 2023-03-15 | by ( Alexa St. John | ) www.businessinsider.com time to read: +9 min

☆ Used vehicle prices rising at an unseasonably strong rate
▼ + stars: | 2023-03-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Consumers hoping for a deal this spring on a used car or truck might be out of luck, as wholesale used vehicle prices increased for a third consecutive month in February. Cox Automotive on Tuesday reported wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the two months since 2009. Higher interest rates mean vehicles become less affordable for consumers, who have been dealing with record-high new and used vehicle prices for several years now. Retail prices for consumers traditionally follow changes in wholesale prices. Cox estimates that used vehicle retail sales declined 5% from January to February and were down 9% from a year earlier.

DHAKA, March 5 (Reuters) - A "major" fire that broke out at a Rohingya refugee camp in Bangladesh on Sunday, destroying several homes, is now under control, police officials told Reuters, adding that there were no casualties. The blaze hit Camp 11 in Cox's Bazar, a border district where more than a million Rohingya refugees live, with most having fled a military-led crackdown in Myanmar in 2017, Rafiqul Islam, additional police superintendent at Cox's Bazar told Reuters. Faruque Ahmed, a local police official, said the cause of the fire was not clear. The refugee camps in Cox's Bazar in southeastern Bangladesh are prone to such blazes. While the fire in 2022 only damaged homes, the massive blaze in 2021 killed at least 15 refugees and destroyed over 10,000 homes.

☆ I asked ChatGPT to write a viral Super Bowl commercial. Here's what an advertising pro thought of the AI script.
▼ + stars: | 2023-02-11 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +6 min

The most generic beer commercial of all timeChatGPT writes a script for a beer commercial Screenshot/ChatGPTFor my first commercial, I told ChatGPT to "write me a beer commercial that would run during the Super Bowl." "This is the perfect beer for the Super Bowl," ChatGPT wrote as a line for one of the characters. The cast of 'Succession' sells a luxury SUVChatGPT writes a Lexus commercial ChatGPT/ScreenshotNext up, I asked ChatGPT to "write me a funny Super Bowl commercial for the newest Lexus SUV, starring the cast of Succession." Just like the beer commercial, Eastman told me this script seemed generic. A Skittles commercial that almost hits the markChatGPT writes a Skittles commercial ChatGPT/ScreenshotLast up, I asked ChatGPT to "write me a viral and crazy Super Bowl commercial for a candy of your choosing."

REUTERS/Ruma PaulCOX'S BAZAR, Bangladesh, Jan 24 (Reuters) - Mohammed Ismail says four of his relatives were killed by gunmen at the Rohingya refugee camps in Bangladesh between April and October last year. The group has fought against Myanmar's security forces and some Rohingya say it has been recruiting fighters, often through coercion, in the Bangladesh camps. Ismail, who lives with his parents, wife and brother, says he fears for his life and understands why some Rohingya are fleeing Bangladesh. A FRAUGHT CHOICEReuters spoke with several refugees who returned to the Bangladesh camps after abandoning journeys to Malaysia, via Myanmar, out of trepidation. "People are risking their lives on sea journeys as there is no future here and criminal activities are rising," Aziz said.

☆ 11 podcasts that busy venture capitalists and founders say they trust right now
▼ + stars: | 2023-01-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."

☆ True, a budding social platform with $15 million in backing from Microsoft veteran Paul Maritz, takes aim at Facebook by rejecting user tracking and targeted ads
▼ + stars: | 2023-01-14 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

True is another newer entrant into the social media space, long dominated by Facebook and Twitter. Bret Cox and Paul Maritz want to prove that a social media platform can be a sustainable business without tracking and selling users' every online move. "It's not nearly as lucrative as targeted advertising, but it will be sustainable," Cox said. Although he admits True is something of an "experiment" in the world of social media. Do you work in social media or are you someone else with insight to share?

☆ Tips for investing in 2023 as a potential recession looms large
▼ + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Callie Cox: The biggest risks include whether the Fed can get inflation down, and whether we enter a recession. The job market and corporate earnings are the two catalysts that make me think we can avoid those risks. CC: The Fed will be more responsive to what's happening in the job market, because the job market directly impacts inflation. Services inflation — think rent, haircuts, insurance prices — is still growing at a 7% clip annually, which is way too high in the Fed's mind. And the kicker here is that services inflation is the type of inflation that the Fed can best control through the job market.

High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022. Auto sales could still riseUnlike traditional downturns or past periods when demand was soft, most analysts expect global and U.S. auto sales to rise in 2023. Cox Automotive is forecasting U.S. new vehicle sales of 14.1 million in 2023, which Charlie Chesbrough, Cox's senior economist and senior director of industry insights, described as "tepidly optimistic." S&P Global Mobility expects new vehicle sales globally to reach nearly 83.6 million units in 2023, a 5.6% increase from the previous year. US consumers are hunkering down, and recovery towards pre-pandemic vehicle demand levels feels like a hard sell.

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