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☆ Chegg shares rebound with 17% pop after losing almost half their value on ChatGPT concerns
▼ + stars: | 2023-05-03 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Chegg's stock price recouped some of its gains on Wednesday after the online education company lost half its value a day earlier due to concerns about the potential impact of ChatGPT on its business. As of early afternoon New York time, Chegg shares were up 17% to $10.63. The shares had plummeted following Chegg's earnings report late Monday, when the company opted not to give annual guidance because of uncertainty surrounding OpenAI's ChatGPT, the popular artificial intelligence chatbot. "I think this is extraordinarily overblown, and I don't normally say that, I don't really talk about the stock price much," Rosensweig said. WATCH: Chegg CEO on earnings stock drop

☆ The 'Budgetnista' who lost her job and her home before building a 7-figure net worth shares 2 strategies anyone can use to start earning more money
▼ + stars: | 2023-05-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Tiffany "The Budgetnista" Aliche lost her job and her home during the Great Recession. If you want to earn more money, start by evaluating your current job, she advised. You have to earn your way to wealth," said Aliche. If you work a 9-to-5 job, start there, encouraged Aliche. That's exactly what she did after she lost her teaching job and was looking for side hustles to help pay the bills.

☆ A Baillie Gifford manager who oversees a $564 million fund details 4 of the top investing themes she's pursuing, including 3 stocks she likes right now
▼ + stars: | 2023-05-03 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

The firm is known for growth investing, but she says she's picking defensive, stable winners. Mileva told Insider about some of the industries and stocks she likes the most today. How is a company that's known for board games and fantasy figurines anything like a company that owns world famous luxury brands with products like high fashion accessories, champagne, and yachts? That's the view of Milena Mileva, the manager of Baillie Gifford's $564 million Developed EAFE All Cap fund, and an expert on international stocks. These are the ones that historically have been the most successful examples," she told Insider in a recent interview.

☆ Meta is building an 'Instagram for your thoughts' that could take on Twitter competitor — and it could be a 'great opportunity'
▼ + stars: | 2023-05-02 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is building a decentralized text-based social network that will integrate with Instagram. It's no longer a secret that Meta is building out its own decentralized text-based social network. "We're exploring a standalone decentralized social network for sharing text updates," a spokesperson for Meta told Insider in a statement when asked about the prototype. "It's a great opportunity for them to fill that void with Twitter going through such a transition." Meta's decentralized social network could very well face the same fate.

☆ Analyst Mark Mahaney shares his top two tech stock picks, giving one 152% upside
▼ + stars: | 2023-05-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

And top tech analyst Mark Mahaney of Evercore ISI is giving one tech stock further upside: Meta . He pointed to the monetization of Meta's Reels product, via "better and better" campaign tracking and performance management. "I think this is a global opportunity for Meta but it's particularly strong in markets where WhatsApp is particularly strong," Mahaney said, adding that the strategy is under-monetized. 2 pick Mahaney said his second pick in large-cap tech would be ride-hailing app Uber . Mahaney gave Uber a price target of $75, implying potential upside of 152%.

☆ Apple reportedly attracted $1 billion in deposits into its new high-yield savings account in just 4 days
▼ + stars: | 2023-05-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple gained nearly $1 billion in deposits into its new high-yield savings account in just four days, according to a Forbes report. On the first day of launch, Apple gained nearly $400 million in deposits. Apple launched a high-yield savings account last month as more and more consumers seek to take advantage of the high interest rate environment. While Apple's starting yield of 4.15% isn't the highest for a high-yield savings account, there is something Apple offers that few others do: convenience. At least, convenience for iPhone users who already have an Apple Card, as the savings account integrates into the iPhone's Wallet app.

☆ Elon Musk's plan to charge for Twitter API access is unraveling
▼ + stars: | 2023-05-02 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Elon Musk is beginning to walk back a hardline attempt to make Twitter money through access to its API. The change of heart suggests that Twitter may need reliable real-time information more than the providers need Twitter. "One of the most important use cases for the Twitter API has always been public utility," Twitter said on Tuesday. We're happy that they've committed to making API access free for the MTA and other public sector agencies. It now has the MYmta and TrainTime apps, as well as email alerts and text messages offering service alerts and updates.

☆ Snap shows have become a coveted way for influencers to make money. Here's how to get one, according to a manager who has landed 4 for his clients.
▼ + stars: | 2023-05-01 | by ( Marta Biino | Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Snapchat creators can pitch shows that appear on the platform's stories feed. Cameron Ajdari, an influencer manager who's landed four shows, shared his tips for a successful pitch. Of all the ways Snapchat creators can monetize their content, shows are becoming increasingly attractive because of the exposure they get on the platform. The content needs to be original, and the creator or licensor needs to have the rights to it. Ajdari shared the best practices that have helped his company pitch shows to Snap successfully.

☆ Sales, spins and splits — what are the differences and why do they matter for investors like us?
▼ + stars: | 2023-04-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +20 min

Investors may get one share in the spun-out entity for every share of the parent company they owned. What's left of J & J will be focused on pharmaceuticals and medical technologies, which were responsible for over 84% of the company's total 2022 revenue of $94.94 billion. It underscores that once free of the parent company tethers a divested company can chart its own destiny. Those priorities may not have necessarily been wrong when considering J & J as the overall enterprise. We believe J & J and Danaher are poised to deliver two more examples.

☆ Twitter to take 10% cut on content subscriptions after 12 months
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

April 28 (Reuters) - Twitter Inc CEO Elon Musk said on Friday that the social media platform will take a 10% cut on content subscriptions after the first year, as the company looks to monetize content on the website in a bid to diversify its revenue sources. Earlier this month, billionaire owner Musk said users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video. He had also said that the company will not take a cut for the first 12 months on content subscriptions. He added that the company's cut from subscriptions on iOS and Android platforms will drop to 15% in the second year from 30% in the first. loadingReporting by Akash Sriram in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Meta is working on its own Twitter-like social network. Here's why an 'Instagram for your thoughts' could win as competitors multiply.
▼ + stars: | 2023-04-28 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is building a decentralized text-based social network that will integrate with Instagram. It's no longer a secret that Meta is building out its own decentralized text-based social network. "We're exploring a standalone decentralized social network for sharing text updates," a spokesperson for Meta told Insider in a statement when asked about the prototype. "It's a better idea than a lot of other things that have come out of Meta recently," Morgan added. Meta's decentralized social network could very well face the same fate.

☆ This video game stock could struggle after the blocking of Microsoft's Activision Blizzard takeover, BMO says
▼ + stars: | 2023-04-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

BMO Capital Markets thinks Electronic Arts could be negatively impacted from the blocking of the Microsoft - Activision Blizzard deal. The firm downgraded EA stock to market perform from outperform Thursday. But BMO says because the UK Competition and Markets Authority's stopped Microsoft's takeover attempt of Activision Blizzard , the failure will be a cautionary tale for company's seeking large deals in the space. EA YTD mountain Shares of Electronic Arts could face more pressure after the fallout of the takeover deal from Microsoft of Activision Blizzard. However, the regulatory body did stipulate that Microsoft could make Activision games exclusive to cloud gaming platform Xbox Game Pass.

☆ Hasbro stock jumps 12% after revenue from its Magic: The Gathering franchise surges despite concerns of gamer fatigue
▼ + stars: | 2023-04-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hasbro stock surged 12% on Thursday after the company's first-quarter earnings impressed investors. The gaming company said its Magic: The Gathering card franchise is still firing on all cylinders. One Wall Street analyst has been concerned about gamer fatigue as the company continues to roll out new card sets. "There's a lot of wallet fatigue," Brooklyn-based Action City Comics owner Eric LaGaccia told Insider. But for now, that wallet fatigue among a certain group of Hasbro's core customers isn't enough to slow down what has become one of its top-selling brands.

☆ Snap misses revenue expectations, warns on second quarter outlook
▼ + stars: | 2023-04-27 | by ( Sheila Dang | ) www.reuters.com time to read: +3 min

While Snap said it was not providing formal financial guidance, its internal revenue forecast for the second quarter is $1.04 billion, which would be a 6% decline year-over-year. The internal forecast is below analyst expectations of $1.13 billion, according to IBES data from Refinitiv. "Snapchat users primarily use the app for messaging, and messaging apps are notoriously difficult to monetize," she said. Along with AR, Snap has deepened its investment in artificial intelligence and recently expanded its chatbot called My AI to all Snapchat users globally. Snap said it expects between 394 million and 395 million daily active users in the second quarter.

Google used the term 52 times on its first-quarter call on Tuesday, up from 45 in the fourth quarter. Both companies said AI was already juicing sales, but neither said when or if they would start breaking out any sales, costs, or profits from the technology. Bing has lagged Google search for decades but Nadella said that Bing downloads had jumped since the addition of AI features and now had 100 million daily users. Toyama said Google already used AI to monetize their search algorithms and he did not expect AI advances from its rivals to be as much of a threat as some thought. Meta, which has admitted it is playing catch-up in AI, has published an AI model that can pick out individual objects from within an image.

☆ Meta needs to see top-line reacceleration, says Truist's Youssef Squali
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta needs to see top-line reacceleration, says Truist's Youssef SqualiYoussef Squali, Truist Securities global head of internet and media research, joins 'The Exchange' to discuss Meta's upcoming Q2 earnings report, Meta's plans to monetize reels, and Google's loss of market share to Microsoft.

☆ An influencer manager who's landed 4 Snap shows for his clients shares his top strategies for pitching the platform
▼ + stars: | 2023-04-26 | by ( Marta Biino | Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

☆ Bankrupt crypto firm FTX to sell LedgerX for $50 million
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +2 min

April 25 (Reuters) - FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. Since filing for bankruptcy in November, FTX has recovered over $7.3 billion in cash and liquid crypto assets, the company reported earlier this month. It continues to sell assets as part of that effort, recently agreeing to sell its stake in Web3 startup Mysten Labs for $95 million. The buyer, Miami International Holdings, owns the Bermuda Stock Exchange and several U.S.-registered securities exchanges, including the Miami International Securities Exchange. FTX may consider restarting or selling its crypto exchange as part of that process.

☆ Elon Musk could make almost $100,000 a month from Twitter users who subscribe to him
▼ + stars: | 2023-04-24 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk shared a screenshot of his Twitter profile that showed the number of his subscribers. At least 24,700 people have subscribed to the Twitter owner's profile, paying $4 a month. Elon Musk shared a screenshot on Monday of his Twitter profile indicating to users how to monetize on the social media platform. Per Insider's calculations, if Musk has 24,700 subscribers he would make $98,800 a month. Musk said users will be able, through "Subscriptions," to charge followers for exclusive content, including long-form text, long-form videos, and subscriber-only Spaces.

☆ This tech company is the 'best possible beneficiary' of A.I., says fund manager
▼ + stars: | 2023-04-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

But there's another tech giant that looks likely to be the "best possible beneficiary," according to Ben Rogoff, a portfolio manager at Polar Capital with 25 years of investing experience. That's Apple , Rogoff told CNBC Pro Talks last week. Rogoff noted that Apple is in both the devices market — with its Apple Watch, phones and tablets — and in content — via its app store. Besides Apple, Rogoff told CNBC Pro Talks that four other large-cap stocks are driving some of the biggest and most tangible advancements in artificial intelligence. "It's still very early, but ChatGPT described as the iPhone moment for the artificial intelligence technology industry feels about right to us."

☆ Supreme Court deals blow to oil companies by turning away climate cases
▼ + stars: | 2023-04-24 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Supreme Court on Monday allowed lawsuits brought by municipalities seeking to hold energy companies accountable for climate change to move forward in a loss for business interests. The relatively narrow legal issue is whether the lawsuits should be heard in state court instead of federal court. Litigants care because of the widely held view that plaintiffs have a better chance of winning damage awards in state court. The municipalities' lawsuits say they have been harmed by the affects of climate change caused by carbon emissions that the oil companies are heavily responsible for. In an earlier case, the Supreme Court in 2021 ruled in favor of oil companies on a procedural issue in a similar lawsuit brought by the city of Baltimore.

☆ How to get started on OnlyFans without followers, according to creators
▼ + stars: | 2023-04-24 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Here's how to start building, promoting, and monetizing OnlyFans content, according to creators. Creators Insider spoke with said they'd found success cross-promoting their OnlyFans content on Twitter, Reddit, and TikTok, among other platforms. Subscriptions are the most basic option for creators looking to monetize their OnlyFans content. The remaining 10% comes from tips, which are another revenue stream for OnlyFans creators. Here's some recent coverage of OnlyFans creators who have built successful businesses after starting out as beginners on the platform:

☆ The creepy secret behind online therapy
▼ + stars: | 2023-04-20 | by ( Tanmoy Goswami | ) www.businessinsider.com time to read: +16 min

Crisis Text Line, now in its 10th year of operations, uses artificial intelligence to respond to people experiencing emotional abuse, self-harm, and suicidal thoughts. 'The vast majority of mental-health apps are exceptionally creepy'BetterHelp, a poster child of online therapy founded in 2013, calls itself "the world's largest therapy platform" and says it has over 2 million users. One of the first popular mental-health apps, PTSD Coach, was launched by the US Department of Veteran Affairs in 2011. But for mental-health companies these practices can undermine the very foundations of mental-health care: dignity, trust, and psychological safety. As Crisis Text Line wrote on its website extolling its deal with Loris: "Why sell T-shirts when you can sell what your organization does best?"

☆ Creators say Instagram is the most lucrative platform for brand deals thanks to reels. Here are 4 other takeaways from a new report on influencer pay rates.
▼ + stars: | 2023-04-20 | by ( Nhari Djan | ) www.businessinsider.com time to read: +6 min

Instagram is the most lucrative platform for sponsored posts, creators said in a new study. According to a report released in March from social-media-management platform Later, more creators are getting paid for sponsored posts on Instagram than for content on other platforms — and they're earning higher rates. Here were five key takeaways from the report, including a break down of creator rates on Instagram:Instagram was the most popular monetization platform among creators. In-feed Instagram posts and reels were the two most common content formats creators in the survey had been paid for, followed by TikTok posts. Here's a break down of the median rates for creators on Instagram, based on the report's analysis of 29,000 posts:

☆ Luxury stocks are on a tear and now there's an index to follow the 1%
▼ + stars: | 2023-04-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Luxury stocks are on a tear, and they are pulling away from the other 99% of the world. Birinyi Associates sees an opportunity. LVMH is the largest luxury firm in the world. Rubin and Birinyi have created two new indexes to monitor all this money: the "1% Index" that consists of 16 luxury stocks, and the "99% Index" made up of 18 stocks that is, well, where the rest of us shops. Since the beginning of April, the 99% is making a comeback: The 1% vs. the 99% (since April 1) 1% index: + 3% 99% index: + 12% Source: Birinyi Associates What's happening?

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