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Elon Musk is "the one person who is accountable to no one" and his impact on public discourse should not be underestimated, the U.K.'s technology minister said in an interview with the Times newspaper, adding to recent criticisms of the technology billionaire from senior government officials. Peter Kyle, secretary of science, innovation and technology, said in the interview, which was published Wednesday, that Musk has the power to influence major world affairs — even the war between Russia and Ukraine. Kyle added that the relationship Britain has with companies such as X and other major social media firms, "is much more akin to the negotiations with fellow secretaries of state in other countries, simply because of the scale and scope that they have." His comments, which were made before the recent riots in the U.K., follow Sunday's controversial remarks from Musk about British affairs. On Monday, the British prime minister's official spokesperson said there was "no justification" for comments like those made by X's owner and chairman.
Persons: Elon Musk, Peter Kyle, Musk, , Kyle Organizations: Times Locations: Russia, Ukraine, Britain
London CNN —Social media has played a big role in fueling the anti-immigration riots engulfing towns and cities in the United Kingdom. Musk later apologized for what he called his “dumbest” ever social media post. The UK government this week vowed to prosecute “online criminality” and has pushed social media companies to take action against the spread of false information. “Social media has put rocket boosters under… not just the misinformation but the encouragement of violence,” UK Home Secretary Yvette Cooper said Monday. It is unclear that the UK government has the tools to hold social media platforms accountable for their role in the riots.
Persons: Elon Musk, Tesla, , , Axel Rudakubana, ” Isabelle Frances, Wright, Musk, White, dumbest, Tommy Robinson, Yvette Cooper, Keir Starmer, Peter Kyle, Rob Picheta, Lauren Kent Organizations: London CNN — Social, Institute for Strategic, IDS, CNN, BBC Radio, Facebook, Meta, Ofcom Locations: United Kingdom, , England, Israel, Gaza
The US government won a major Big Tech antitrust battle this week, against Google. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So people who want Big Tech companies to change their ways are trying to do it via the courts.
Persons: , It's Organizations: US, Big Tech, Google, Washington, Service
A federal judge ruled against Google in a major antitrust case. That's because a big part of the case was about exclusive search deals Google does with Apple and other platform owners. Google's Apple deal is worth a lot of money — $20 billion in 2022 alone. AdvertisementA federal judge just ruled against Google in a major antitrust case. And the biggest one of those is the one Apple has with Google, where Google pays Apple tens of billions of dollars a year — $20 billion in 2022 alone — to have pole position on the iPhone.
Persons: Organizations: Google, Apple, Service, Business
What would you pay for a streaming service that gave you lots — but not all — of the biggest sports programming on TV? Most crucially, it won't include lots of NFL games, since the package doesn't include CBS, which has the national rights to AFC games on Sundays. Take the NFL out of traditional TV and there's almost nothing left at this point. If you wanted a streaming service that had all of the NFL games on traditional TV, you'd need a service like YouTube TV, which currently costs $73 a month. That's partly because the TV companies that are part of the bundle kind of believe that, and partly because they have a delicate relationship with pay TV distributors like Comcast.
Persons: Venu —, It's, Venu, they've, they're Organizations: Service, Disney, Fox, Warner Bros, ESPN, FS1, ABC, TNT, Business, CBS, AFC, NBC, NFL, YouTube, NBA, Comcast, Netflix, Bowl
Don't feel sorry for Linda Yaccarino
  + stars: | 2024-07-31 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +4 min
Linda Yaccarino left her job running ad sales for NBC to become the CEO of Twitter about a year ago. Twitter's ad business, which fell in half after Elon Musk bought the company, continues to sputter. What a hard job Linda Yaccarino has! AdvertisementBy the time Yaccarino agreed to take the Twitter job, Musk's capricious track record as Twitter's owner had been well-established. Then, after formally hiring Yaccarino, Musk made it clear that while her title would be chief executive officer, she wouldn't actually be running the company.
Persons: Linda Yaccarino, Elon Musk, Musk, Yaccarino, they've, Linda, Don Lemon, Lemon, Twitter hasn't, wouldn't, she'd, he'd Organizations: NBC, Twitter, Elon, Business, New York Times, Times, CNN, Visa
Read previewOn Monday night, a group calling itself "White Dudes for Harris" hosted an online fundraiser aimed at … white dudes who support Kamala Harris. Organizers said thousands joined the call, and that the event raised more than $4 million for the Harris presidential campaign. But good luck understanding why Musk makes any decisions at Twitter about content moderation or anything else. AdvertisementAnd in cases like White Dudes for Harris, when it's unclear if he's done anything at all, people will be that much more inclined to believe he has done something. That includes Nellis, who says he'll continue to use the platform to promote White Dudes For Harris.
Persons: , Harris, Kamala Harris, Mike Nellis, Nellis, @elonmusk, we've, we're, , Elon Musk, Donald Trump, I've, Twitter, haven't, Musk, Bari Weiss, Matt Taibbi, Trump's, he'll, We're Organizations: Service, Twitter, Business, Nellis, Meta, Trump PAC, Trump
CNN —The Breakthrough is a project from CNN, Georgetown University, the University of Michigan, SSRS and Verasight. Each week, 1,000 Americans are asked to share what they have seen, read or heard about major presidential candidates in their own words. Results from the two surveys are combined using SSRS’s Encipher Hybrid methodology for blending probability and non-probability samples. Respondents have also been asked the same question about Biden since the start of the project. To develop topics, topic words are manually identified and augmented with words and topics identified using a combination of Noiseless Latent Dirichlet Allocation (NLDA) and Guided Topic-Noise Model (GTM).
Persons: Joe Biden, Donald Trump, Kamala Harris, Robert F, Kennedy, Jr, Harris, Biden, Lisa Singh, Josh Pasek, Michael Traugott, Budak, RoBERTa pretrained, Jennifer Agiesta, Ariel Edwards, Levy, Edward Wu, Dana Elobaid, Le Bao, Yanchen Wang, Mohamed Ahmed, Akilah Evans, Hope Wilson, Cameron McPhee, Peter K, Enns, Gretchen Streett, Amelia Goranson, Jake Rothschild Organizations: CNN, Georgetown University, University of Michigan, Massive Data, Technical, Science Locations: Verasight
BuzzFeed is a digital publisher that used to attract a lot of attention from people who thought it was the future of media. Now, it attracts people who think it is mismanaged and want to change the way CEO Jonah Peretti runs the company. But it remains unclear how BuzzFeed investors can influence Peretti's ownership. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Varun Gupta thinks it should be worth more.
Persons: Jonah Peretti, , BuzzFeed, Varun Gupta, Gupta, he's Organizations: Service
Amazon paid about $1 billion for Twitch in 2014, hoping it would become the next YouTube or Instagram. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, The Wall Street Journal reports, Twitch has fizzled: It's losing money on annual revenue of $2 billion — a nothingburger by Amazon's standards — and usage seems stalled. This story is available exclusively to Business Insider subscribers.
Persons: , Twitch Organizations: Amazon, Twitch, Service, Big Tech, Street Journal, Business
Without Peter Thiel, Vance does not get anywhere near the US Senate. And in Silicon Valley, the conservative movement is much stronger, and more muscular than it was before. AdvertisementThere's this narrative, promoted by people like Thiel, that Silicon Valley is super-liberal. Because Silicon Valley has conservative roots in addition to roots in the counterculture. AdvertisementLike I said, the liberal nature of Silicon Valley has always been sort of overplayed.
Persons: , I'm, Donald Trump, Vance, Peter Thiel —, Max Chafkin, who's, Thiel, Peter Thiel's, Trump, JD Vance, Narya, It's, supercharge, Bill Pugliano, David Sacks, Peter Thiel, revel, that's, he's, Elon Musk, Marc Andreessen, They're, Elon Musk's, Apu Gomes, Steve Jobs, Ben Horowitz Organizations: Service, Republican, Trump, Business, Bloomberg Businessweek, Republican National Convention, YouTube, Ohio Senate, The, Thiel, Twitter Locations: Silicon Valley, Mithril, Narya, Ohio, West Coast, , America, Silicon, San Francisco
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery boss David Zaslav told investors he'd be ok without NBA games, which his TNT network had been airing for decades. You can read an excellent blow-by-blow of WBD's failed negotiations with the NBA from John Ourand at Puck. One is that WBD somehow wins its suit and ends up forcing the NBA to give it games it would prefer to sell somewhere else. And then there are two other possibilities: One is that WBD doesn't get the games, but extracts some kind of settlement from the NBA for supposedly breaching a contract.
Persons: , David Zaslav, He's, it's, they've, WBD's, John Ourand, WBD, who's, doesn't, Fox — Organizations: Service, Warner Bros, NBA, TNT, Disney, Comcast, Business, HBO, WBD, Fox, Advertisement College, NFL Locations: Puck
Ethan Miller/TAS23/Getty Images Swift performs "Lover" with her band, backup singers and dancers in Nashville, Tennessee, in May 2023. John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. Allen J. Schaben/Los Angeles Times/Getty Images Swift performs the 10-minute version of "All Too Well" in Nashville in May 2023. John Shearer/TAS23/Getty Images Swift leaves the stage after the "Speak Now" set in Nashville in May 2023.
Persons: He’s, it’s Taylor Swift, Swift, , Taylor —, “ Tyler ”, Tyler, Taylor, Swift's Versace, Peter Kelleher, that’s, “ Taylor Swift, Bahama, ” Kate Bailey, Versace, Queen, Mariah Carey, Lady Gaga, Jo Calderone, Zayn Malik, Troye Sivan, Taylor Swift, Kevin Mazur, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Travis Kelce, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, ” Swift, Biden Organizations: CNN, MTV, Victoria, Albert Museum, Little, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times Locations: London, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Edinburgh, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati
The Murdoch family is fighting over control over its media empire — even though it doesn't own all of it. The fight is over what happens to the company's voting shares — the ones that give the Murdochs the ultimate say. That's a set-up that's used quite often in media and tech: It lets moguls and founders take public money, without giving up power. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRupert Murdoch is fighting with his children over control of his media empire, and the "Succession"-style brawl is headed for a Nevada courtroom.
Persons: Murdoch, , Rupert Murdoch Organizations: Service, News Corp, Fox, Business Locations: Nevada
What's up with Mark Zuckerberg's face? Maybe he's trying to tell us something? download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen is a tan line just a tan line? But it was one I had Tuesday, when I saw a new video interview with Mark Zuckerberg.
Persons: Mark Zuckerberg's, , Mark Zuckerberg Organizations: Service
Peacock signed up a lot of new subscribers earlier this year because of an NFL playoff game. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some of them may no longer be Peacock subscribers. Comcast, Peacock's parent company, reports that the service's subscriber count dropped by 500,000 between the first and second quarters of this year. This story is available exclusively to Business Insider subscribers.
Persons: Peacock, , Travis Kelce, Taylor Swift, It's Organizations: NFL, Service, Comcast, Business
But Biden, like a lot of social media users, is a promiscuous poster: The same message went out on Threads and Instagram. Confirmed debate wasn't a… — Ezra Klein (@ezraklein) July 18, 2024Again: Klein has a column and a popular podcast at The New York Times, with all of the reach and clout that entails. I don't think it's good for the way I think most of the time. I don't think that's what Musk thought he was buying two years ago, and I don't feel great about using it myself. But I don't think it's going anywhere.
Persons: Musk, That's, Hasan Chowdhury, Joe Biden, Biden, Ezra Klein, podcaster, , Senate Dems, Klein, I'd, I'm Organizations: Service, Business, The New York Times, Vox Media, Twitter, Dems, Senate, CNN Locations: United States, @ezraklein
Apple's streaming service has a well-deserved reputation for generous spending on TV shows and movies. Which brings up a recurring question for Apple: Why, exactly, is it running a streaming service? AdvertisementApple's streaming service makes programming that critics often like. As do the people who watch its TV shows and movies. The problem for Apple: Not that many people watch the stuff on Apple TV+.
Persons: Organizations: Apple, Service, Business
CNN —Officials in New York launched an investigation Saturday after a person died in a small plane crash in Niagara County. It is unclear how many divers were on board before the crash, Niagara County Sheriff Michael Filicetti said at a news conference Saturday. A brush fire also reportedly began around the crash site, according to the release. The sheriff called the plane crash “an unfortunate incident” and added that local and federal law enforcement partners are working to determine what led to the crash. The pilot’s name was not released pending family notification, according to the Niagara County Sheriff’s Office’s statement.
Persons: , Tammy L, Jones, Niagara County Sheriff Michael Filicetti, ” Filicetti, Peter Knudson, Knudson Organizations: CNN, Cessna, Federal Aviation Administration, FAA, Niagara County Sheriff, National Transportation Safety Locations: New York, Niagara County, Lake, Youngstown , New York
Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.
Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's
By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.
Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S
That's basically the pitch the management of Warner Bros. Discovery is floating to investors today, via a story in the Financial Times: "A dramatic plan to split its digital streaming and studio businesses from its legacy television networks." And would the money from those declining networks be enough to service all that debt? Apple, most notably, inquired about buying HBO way back when its parent company was called Time Warner. If WBD can't split the company the way it's supposedly proposing now, it will end up selling off assets (maybe CNN?
Persons: That's, WBD, I've, hasn't, Pimple Popper, HBO hasn't, Jessica Reif Ehrlich, Rich Greenfield, you'll, it's, Time Warner, David Zaslav —, Donald Trump, he's, Zaslav Organizations: Service, Warner Bros, Financial, Business, HBO, Max, CNN, Netflix, Big Tech, Apple, Time, Sun, Paramount
Wolfe Research initiated coverage of Amazon with an outperform rating, calling for nearly 30% upside. 7:03 a.m.: Goldman Sachs increases Spotify price target Goldman Sachs thinks Spotify will surpass Wall Street's second-quarter earnings forecasts. The firm and increased its price target to $320 from $317 on shares while maintaining a neutral rating. The analyst upgraded the e-commerce stock to buy from neutral and raised his price target to $82 per share from $78. Analyst Alan Gould downgraded the forum social network stock to hold from buy and reiterated a $75 per share price target.
Persons: Wolfe, Goldman Sachs, Wall, Eric Sheridan, Brian Evans, Shopify, Brad Sills, Sills, — Brian Evans, Jefferies, Surinder Thind, Piper Sandler, Peter Keith, Keith, DLTR, Alan Gould, Gould, Shweta, Khajuria, Fred Imbert Organizations: CNBC, Wolfe Research, Bank of America, Spotify, Jefferies, EPAM, EPAM Systems, Trump, Biden, Democrat, Advertising, Cloud Computing, Health, Business, Amazon Logistics Locations: Reddit, Monday's
Read previewHere's an update from Vivek Ramaswamy's attempt to take over, or at least influence, BuzzFeed: Nothing's happening. There's a reason the non-news is worth noting today, though: It's July 15, the deadline Ramaswamy set for BuzzFeed to expand its board of directors by adding three new members he proposed. AdvertisementLast month, Ramaswamy and two of his proposed directors met with BuzzFeed CEO Jonah Peretti via conference call, which people on both sides of the table described as cordial. And if Ramaswamy has any plans to ratchet up pressure on BuzzFeed, he has yet to disclose them. That is: We're still wondering if Ramaswamy has spent millions on BuzzFeed because he wants attention, or wants to make money, or maybe both.
Persons: , Vivek Ramaswamy's, Ramaswamy, There's, Jonah Peretti, there's, Chris Balfe, podcaster Patrick Bet, Clay Travis, Vivek, Tricia McLaughlin, Ramaswamy's, he's Organizations: Service, Republican, Business
Everyone has complaints about the way Elon Musk runs Twitter. Add European regulators to that list: They don't like the way he's changed the service's "blue check" program for "verified users." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Elon Musk, Organizations: Elon, Service, Business
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