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☆ Disney and other Hollywood giants spent billions chasing Netflix. But their strategy appears to have a major flaw.
▼ + stars: | 2023-02-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Media companies are trying to get to streaming profitability but their underlying businesses are in worse shape than previously thought. The remedy is to cut content spending, which throws the whole business model out the window. After cheering on Hollywood players for massively spending on streaming content, Wall Street is looking less impressed. Bottom line is, the media business isn't as good as it used to be." But another warning sign for these companies is that in streaming, content may not be as valuable as once thought.

☆ Apple and Google are both at their biggest risk of disruption in over a decade
▼ + stars: | 2023-01-13 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +7 min

This year, Apple and Google will both face their first real tests in a very long time. Apple could finally open its walled garden, potentially disrupting the App Store juggernaut. Google has spent the last decade-plus guarding its advertising business; Apple has built as many moats around its all-important iPhone business as possible, happily collecting App Store fees and Apple Music subscriptions. Let's look at how this is finally the year that Apple and Google will face their most meaningful competition yet. If the App Store opens up and the iPhone doesn't become a toxic hellstew, perhaps Apple will reconsider its approach.

☆ The world's biggest chipmaker is making a multi-billion dollar investment in the US even though it'll cost way more to make chips there. Here's why it decided to do it anyway.
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Taiwan-based TSMC, the world's biggest chipmaker, announced a $40 billion investment in Arizona last week. That's despite TSMC's founder previously calling US chip production an "expensive exercise in futility." In the event China — which claims the island as its own — invades the island and chip production screeches to a halt, there could be trillions of dollars in economic losses. First, the cost of chip production in the US might not ultimately be "50% more expensive." The factories will be partially subsidized by the US government through the CHIPS and Science Act, a package passed in August that provided $52 billion to boost US semiconductor chip production.

☆ Send Sam Bankman-Fried to prison, Elon Musk suggests, while Binance's boss calls him a 'master manipulator'. 8 top figures weigh in on the disgraced FTX founder.
▼ + stars: | 2022-12-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

FTX founder Sam Bankman-Fried is racking up critics after the implosion of his crypto exchange. Here's what top voices like Elon Musk, Bill Ackman and Binance boss CZ have said, in 8 top quotes. Now the crypto CEO is under fire from all sides, from Elon Musk and Bill Ackman to "Shark Tank" investor Mark Cuban. Given that, the crypto exchange boss said he feels like the mainstream media has given Bankman-Fried softball interviews. The crypto bull believes Bankman-Fried will probably end up in jail, but doesn't think he was acting alone.

☆ 'It appears massive fraud was committed': Here are the 7 best quotes from Coinbase CEO Brian Armstrong's interview on crypto, FTX, and the future of digital assets.
▼ + stars: | 2022-12-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The implosion of FTX shook the crypto industry to its core in recent weeks as token prices continue to fall. CEO Brian Armstrong gave an interview to the Stratechery newsletter, and these are the best quotes. CEO Brian Armstrong spoke with the Stratechery newsletter on Thursday, addressing the future of crypto as well as the implosion of FTX and its impact going forward. On the prevalent fraud in crypto"I do think we have to admit as an industry that crypto has attracted more fraudsters than we'd like. On the future of crypto"There are enough great people working in crypto that I think this industry is going to do really well.

☆ Coinbase CEO slams Sam Bankman-Fried: 'This guy just committed a $10 billion fraud, and why is he getting treated with kid gloves?'
▼ + stars: | 2022-12-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

The CEO of Coinbase said that it's "bizarre" Sam Bankman-Fried is "getting treated with kid gloves." "I mean, this guy just committed a $10 billion fraud, and why is he getting treated with kid gloves?" "We appreciate that you've been candid in your discussions about what happened at #FTX," Waters tweeted. Criminal Activity!," Waters tweeted. He's not the only crypto CEO who's criticized the former FTX CEO recently.

☆ Apple could sink Elon Musk's Twitter by yanking it from the App Store. But it would put Apple in jeopardy too.
▼ + stars: | 2022-11-30 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

Elon Musk is claiming that Apple threatened to remove Twitter from its App Store. While Apple could find a reason to take Twitter off the App Store, it likely will not, experts said. Experts say Apple could find a reason to take Twitter off the App Store, and doing so would devastate the company. That could be a basis for Apple to remove Twitter from the App Store, Carolina Milanesi, an analyst with Creative Strategies said. Even then, Apple still likely won't remove Twitter from its App Store, because picking a fight with Elon would exacerbate antitrust criticism of Apple.

☆ The cooldown in home prices was a 'once-in-40-years' move, worse than the 2008 crisis that foiled algorithms, said the CEO of America's largest home-flipper
▼ + stars: | 2022-11-19 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

Opendoor CEO Eric Wu says the company's algorithm didn't predict housing market shifting so quickly. The quick market shifts rivaled those of the housing crisis of 2008, he said. Opendoor's forecast did factor in higher interest rates, according to Wu, but not for home price appreciation to shift alongside it. "We were pricing in the interest rate movements" but didn't also account for the dramatic shift in home prices, he said. According to Wu, Opendoor tested previous market conditions, but the speed of the most-recent shift was far greater than previous shifts — including the 2008 financial crisis.

☆ Mark Zuckerberg defended the $1,500 price tag for Meta's new VR headset as 'break-even', adding that Apple charges 'as much as it can' for hardware
▼ + stars: | 2022-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg said Apple charges "as much as it can" for hardware in an interview with Stratechery's Ben Thompson. He's said his VR headsets are priced at the break-even point, or even a loss, for Meta. Zuckerberg has been in "deep, philosophical competition" with Apple since he announced his bid for the metaverse last year. "It's typically people build hardware and they try to make a profit off of it, where if you're Apple, you build hardware and you charge as much as you can for it," Zuckerberg said. Zuckerberg said that's Meta's newest VR headset, Quest Pro, is priced at just $1,500.

☆ Mark Zuckerberg believes we could have hologram meetings in the next 5 years
▼ + stars: | 2022-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Meta CEO said hologram meetings might be a reality in 5 years in an interview with Stratechery's Ben Thompson. Zuckerberg said he wants to build more interactive experiences in the metaverse. Zuckerberg hopes these experiences will foster human connection in the workplace. In the interview, Zuckerberg said meetings "are human connection" and will become important in virtual and augmented reality. Ultimately, Zuckerberg said that human connection sits at the core of what he's been building for the past several years.

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