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☆ America is stuck in a greased-pig economy
▼ + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com time to read: +10 min

At the same time that prices were cooling off, the rest of the economy seemed to be holding up. And consumers were so intent on spending money to have a good time that cities let Beyoncé dictate public transit. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since.

Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, —, you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper

☆ 'The scholar, the pragmatist, and the rainmaker:' How three Bloomberg Beta VCs bet on AI before it became a buzzword
▼ + stars: | 2023-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

Bahat brings this same radical directness to Bloomberg Beta, the early-stage venture capital fund housed within the larger Bloomberg empire that he's run for the past decade. And Bloomberg Beta was making investments in generative AI as far back as 2015, before the term "generative AI" even existed. "It felt like we were just waiting for the right moment," said Cham, Bloomberg Beta partner and de-facto chief technologist, "where the rest of the world would see it." Bloomberg Beta made the decision early on to publish its entire operating manual on GitHub, including sensitive information about average check size and investment criteria. Kieran Snyder, the founder of generative AI startup Textio which Bloomberg Beta invested in in 2015, has a shorthand for describing the role of Beta's three partners.

Persons: Roy Bahat's, Bahat, James Cham, Karin Klein, Shivon Zillis, Elon Musk's, Cham, ChatGPT, VCs, Bloomberg Beta, Dan Doctoroff, Mike Bloomberg, Doctoroff, Bahat's chutzpah, Bloomberg —, Bloomberg Philanthropies, Tade Oyerinde, Sam Altman, Peter Thiel's Founder's, Roy didn't, Oyerinde, Kieran Snyder, who's, Apple Lisa, Klein, Karen, Snyder, Roy, Zilis Organizations: Port Authority, World Trade Center, IGN, Bloomberg Beta, Bloomberg, LinkedIn, Elon, Beta, Apple, New Locations: New York, Silicon Valley, East, California

☆ Why ‘Girls’ Rule the Internet
▼ + stars: | 2023-09-10 | by ( Marie Solis | ) www.nytimes.com time to read: +2 min

If someone can’t penetrate several layers of irony to determine whether you are merely pretending to be obtuse or are genuinely slow on the uptake, well, that’s a good laugh for the girls. One might assume “girl” identity as a way to show naysayers just how clever girls actually are, or to show men how unserious those things to which they ascribe such importance may be. Claiming that something that is supposed to be “for boys” — say, baseball, the Grateful Dead, Karl Ove Knausgaard — is really “for girls,” is like a pinprick into a balloon, slowly letting the air out of masculinity. In the newsletter, Ms. Picurro has described Daniel Craig as “a girl actor trapped within the boy movie industrial complex.”“You can take things for men and make them less serious,” Ms. Balingit added. And with actual teenage girls shaping much of pop culture and pioneering linguistic trends, some argue: Wasn’t it always that way?

Persons: ”, Karl Ove Knausgaard —, Marlowe Granados, bimbo, there’s, Granados, Ms, Balingit, levity, Allison Picurro, Picurro, Daniel Craig, “, Ulysses

☆ How Parrot Analytics shook up Hollywood by picking streaming hits
▼ + stars: | 2023-09-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

The Hollywood strikes thrust Parrot Analytics, which measures film and TV demand, into the spotlight. Parrot Analytics, a decade-old research firm, has in recent years built a complicated reputation in Hollywood with its proprietary system for measuring audience interest in films and TV shows. As streaming consumption skyrocketed and companies like Netflix kept audience data under wraps, Parrot offered one of the few apples-to-apples measurements across different series and films. Some producers and agents say Parrot has brought much-needed transparency to content measurement. "Parrot Analytics would reward quite a few shows that weren't the most viewed shows in America," he wrote.

Persons: Wared Seger, Seger, Parrot, he's, Seger's, Nielsen, Discovery's Max, Julia Alexander —, —, It's, HBO's Casey Bloys, Avalon, Jon Thoday, Matthew Ball, shouldn't, Guy, aren't, it's Organizations: Hollywood, Netflix, SAG, Alliance, Producers, ABC, Nielsen, Disney, CAA, Amazon's, Writers Guild of America, Warner Bros, Amazon Studios Locations: Hollywood, LA, Seger, New Zealand, Boston, America

☆ My miserable, euphoric, muddy escape from Burning Man
▼ + stars: | 2023-09-07 | by ( Rob Price | ) www.businessinsider.com time to read: +14 min

Social media was having a field day turning Burning Man into the epicenter of schadenfreude and misinformation, the few people who managed to connect to the internet reported. AdvertisementAdvertisementThe reality of Burning Man was not quite so dire. 2023 was my first year at Burning Man. I'd wanted to go to Burning Man for years. Even before the floods, there was an uncomfortable tension to Burning Man.

Persons: Joy, I'd, JULIE JAMMOT, Betty, preemptively, There's, they'd, Twitter, Zeynep Tufekci, Tufekci, I've, Ansel, we'd, Rob Price Organizations: FEMA, National Guard, Social, Getty, New York Times, Rock City, YouTube Locations: Nevada, San Francisco, Silicon, playa, AFP, Somme, Northern Nevada, Rock, American, Ansel Adams, Trail

☆ Disney-Charter dispute is the slippery slope of linear cables demise: Propagate's Ben Silverman
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney-Charter dispute is the slippery slope of linear cables demise: Propagate's Ben SilvermanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Propagate's Ben Silverman, Brian Sullivan, “ Organizations: Disney, CNBC

☆ Preparations for Burning Man: How organizers told festivalgoers to prepare for heavy rain
▼ + stars: | 2023-09-04 | by ( Zoe Sottile | ) edition.cnn.com time to read: +9 min

Burning Man attendee Masha Maltsava wears trash bags on her feet while walking through water at Burning Man on Saturday, September 2, 2023. Nicole Gollub, who has attended four Burning Man events, said despite her prior experience and serious preparations, she still wasn’t ready for this year’s intense rain. A still from a drone video shows waterlogged campsites at Burning Man on Saturday, September 2, 2023. Still, Burning Man veterans are supportive of these newcomers, according to Gollub. Still, she said, she “didn’t really get it right.”“You need help,” she said, emphasizing the crucial role that community plays in Burning Man.

Persons: Masha Maltsava, ”, Masha Maltsava ‘, “, porta, Nicole Gollub, Gollub, ” Gollub, “ there’s, Kyle M, Omar Sedky, Sedky, Maltsava, Sharief, “ didn’t, ” Sharief, she’d Organizations: CNN, Desert, Man, ”, “ Reliance Locations: Nevada, Nevada’s, Gerlach, Reno, ’

☆ Rudy Giuliani keeps telling judges he's broke, but won't share financial statements and took a private jet to his Georgia booking
▼ + stars: | 2023-09-03 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Rudy Giuliani keeps saying he's broke and can't pay legal bills. Giuliani, US District Judge Beryl Howell wrote, provided only "a sliver of the financial documents required to be produced" for the lawsuit. Since the dawn of time, people have made up excuses to avoid doing things they do not want to do," Smartmatic's lawyers wrote. According to Smartmatic, Giuliani has provided shifting and slippery answers to questions about whether he can afford them. AdvertisementAdvertisement"So far, Giuliani's financial position tends to be whatever is most convenient for Giuliani," Smartmatic's lawyers wrote.

Persons: Rudy Giuliani, he's, Giuliani, Beryl Howell, Howell, didn't, — he's, —, Donald Trump, Rudy, Smartmatic, Joe Biden, Jacquelyn Martin, Giuliani hasn't, he'll, Spencer Platt, Mayor Giuliani, Ted Goodman Organizations: FBI, Service, US, Manhattan , New York City, Hamptons, New York Times, Trump, Save America PAC, Giuliani, Manhattan Locations: Wall, Silicon, Georgia, Manhattan, Manhattan , New York, Atlanta, New York

☆ Saving Tadpoles Taught Me A Valuable Lesson About Community and Political Action - The New York Times
▼ + stars: | 2023-09-03 | by ( Belle Boggs | ) www.nytimes.com time to read: +2 min

During the first spring of the pandemic, my two daughters and I taught ourselves to rescue frogs. On our daily walks along a riverbank in rural North Carolina, we often came across the stirring of young life. Transparent strings of tadpole eggs and wriggling green tadpoles lay in murky puddles that would soon dry up in the sun. It’s a reminder to look at our immediate environment, our close neighbors and community spaces, and to take action from there. Eventually, I realized that my most significant impact would be on the political races closest to home.

Persons: Trump Locations: North Carolina, tote

☆ Rudy Giuliani liable for defaming Georgia election workers, hit with sanctions by judge
▼ + stars: | 2023-08-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Howell blasted Giuliani for "willful ... misconduct," and "slippery" statements in failing to turn over the requested information as part of the legal process known as discovery. A federal judge on Wednesday issued a default judgment against former Trump lawyer Rudy Giuliani and ordered him to pay sanctions of nearly $133,000 in a civil conspiracy lawsuit by two Georgia election workers he had claimed mishandled ballots in the 2020 presidential contest. The women had sued Giuliani in 2021 with claims of defamation, intentional infliction of emotional distress, and civil conspiracy. "Given the willful shirking of his discovery obligations in anticipation of andduring this litigation, Giuliani leaves little other choice," Howell wrote. Howell also ordered Giuliani to compel two of his companies to pay another $43,684 to the women for the same conduct.

Persons: Giuliani, Ruby Freeman, Wandrea, Howell, Beryl Howell, ArShaye Moss, Rudy Giuliani, Donald Trump, Joe Biden, Freeman, Moss Organizations: Washington , D.C, Trump, Giuliani Communications, Giuliani Partners, Giuliani Locations: U.S, Washington ,, Georgia, Atlanta

☆ 'Coldplay dollar' and 'Qatar dollar' highlight Argentina's bizarre currency system as it weighs ditching the peso
▼ + stars: | 2023-08-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Argentina's economic burdens have spawned a number of dollar-peso exchange rates. They include a black market dollar rate, as well as the "Coldplay" and "Qatar" rates. There's an official rate, but also a "blue dollar" rate determined by an underground exchange of greenbacks that's free of governmental controls. So while the official peso rate stood at just under 350-per-dollar on Friday, the blue dollar rate was 715. AdvertisementAdvertisementOther exchange rates are not spin-offs designed to evade currency restrictions, but are actually organized by the government.

Persons: Coldplay, There's, Monica de Bolle, Javier Milei, de Bolle Organizations: Service, Qatar, Coldplay, Peterson Institute for International Economics Locations: Qatar, Wall, Silicon, Argentina

☆ South Carolina Supreme Court upholds 6-week abortion ban
▼ + stars: | 2023-08-23 | by ( Carma Hassan | ) edition.cnn.com time to read: +4 min

CNN —The South Carolina Supreme Court on Wednesday reversed a temporary block on the state’s abortion restrictions, with four justices agreeing and one dissenting in three separate opinions. Henry McMaster signed the Fetal Heartbeat and Protection from Abortion Act in May, Planned Parenthood South Atlantic and several other medical providers filed a lawsuit in state court to try to stop it. The state filed an emergency petition asking the South Carolina Supreme Court, which is comprised of five men, to act quickly on the case. “Moreover, the implication is that women are solely responsible for a couple’s unexpected pregnancy, possibly due to the lack of birth control. But what about situations where birth control fails?

Persons: Henry McMaster, McMaster, John Kittredge, “, John Few, ” “, ”, Donald Beatty, ” Beatty, ” CNN’s Dianne Gallagher Organizations: CNN, South Carolina Supreme, Abortion, Republican Gov, State Board of Medical Locations: America, South Carolina

☆ Instead of calling the cops, a business owner offered a job to the teenager who tried to break into his store
▼ + stars: | 2023-08-20 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

A business owner said on social media that someone tried to break into his premises. Instead of calling the police, Jeff Usher said he wanted to offer "a better way" to the culprit. "It's not that cool to use a jimmy bar on our doors," the Custom Cabinets Katherine owner said. Usher told the NT News his business employs two apprentices, four tradespeople and an office manager. "I'm not trying to save the world – I just reckon some of these kids need to be built up, not a kicking," Usher told the newspaper.

Persons: Jeff Usher, Katherine, Usher, I'm Organizations: Service, Facebook, ABC News Australia, Northern Territory, NT Locations: Wall, Silicon, Australian, Australia's Northern Territory, Northern, Darwin

☆ 'The coolest summer job': These teens jump off a moving boat to deliver mail in Wisconsin
▼ + stars: | 2023-08-20 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

The 19-year-old is a mail boat jumper in Lake Geneva, Wisconsin, the first and only town in the U.S. where jumpers, like Torres-Rabby, deliver mail from a passenger-carrying mail boat. This is Torres-Rabby's third summer working on the Walworth II, Lake Geneva's double-decker mail boat. To be a mail boat jumper, you need to be athletic, agile and willing to perform in front of hundreds of tourists. Lake Geneva Cruise Line offers tours of the mail boat at 10 a.m. every day, which lets people follow the jumpers along their route. "It doesn't happen often, but it's a rite of passage," Sid Pearl, a mail boat jumper of five years, says.

Persons: Marissa Torres, Rabby, —, Torres, Sid Pearl, Ray Ames, who's Organizations: Lake Geneva Cruise Line, Geneva Cruise Line Locations: Lake Geneva , Wisconsin, U.S, Walworth, Geneva, Lake Geneva

☆ I can make $1,300 a day cleaning roofs and gutters. It's one of the easiest and highest-paying side gigs out there — here's how I got started.
▼ + stars: | 2023-08-16 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +5 min

He says that power washing, roof and gutter cleaning are easy side hustles. There is so much demandClaeys likes to use a leaf blower to help clean gutters. But people still needed their homes maintained, so I ran a Facebook ad with four different services; roof cleaning, gutter cleaning, pressure washing, and roof and gutter combo. But I got it done, and now I teach people how to clean roofs on YouTube, so it has come full circle. It's a young man's gameI'm 27, so I'm not old yet, but roof cleaning is more of a young man's game.

Persons: Spencer Claeys, Claeys, I've, we're, Jack Daniels, Clayes, I'm, It's, Jenna Gyimesi Organizations: Service Locations: Northwest, Wall, Silicon, Washington State

☆ How to become a UPS driver — which now pays $170,000 a year when including benefits
▼ + stars: | 2023-08-14 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

The Teamsters, which represent about 360,000 UPS drivers and package handlers, secured a wage boost. UPS drivers will now make $170,000 when including benefits — here's a look at how to become one. UPS signed a tentative agreement with the Teamsters union that's set to bump full-time driver salaries — when including benefits — to $170,000, a $25,000 increase from there they are right now. As of now, UPS drivers make about $95,000 a year, according to UPS, with a further $50,000 in benefits, for an average total compensation package of $145,000 per year. Being physically capable is crucial to delivery drivers, considering they work through extreme conditions at times, like blistering heat.

Persons: —, that's, Carol Tomé Organizations: Teamsters, UPS, Service, Teamsters —, US Department of Transportation Locations: Wall, Silicon

☆ A survivor made a desperate dash into the sea to escape an inferno.
▼ + stars: | 2023-08-12 | by ( Orlando Mayorquin | More About Orlando Mayorquin | ) www.nytimes.com time to read: +1 min

Lisa Francis was trying to drive home from her job at a bank in Lahaina when the firestorm caught up to her. It was 5 p.m. on Tuesday, and she was trapped in traffic near the ocean. Whipped by bruising winds, the firestorm was raging its way west toward her and others in similar straits. They clambered onto the slippery rocks, Ms. Francis said. The fire roared through the cars and buildings along the street above, unleashing a choking wall of thick smoke.

Persons: Lisa Francis, Francis said Locations: Lahaina

☆ Aprilia's Espargaro wins in Britain with last-lap pass
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +3 min

Espargaro denied Bagnaia his fifth grand prix win of the season by 0.215 of a second, with the top four separated by just 0.750. Espargaro was up to second by lap six, helped also by team mate Maverick Vinales and Jack Miller clashing and running wide ahead of him. "At that time, my plan was to pass him (Bagnaia) and try to go away," said Espargaro. "But when it started to rain I said 'OK, stay quiet behind Pecco, it's better that he open the track'. Honda's six-times MotoGP champion Marc Marquez fell five laps from the finish, continuing a grim run for the struggling Spaniard who has yet to complete a grand prix this season.

Persons: Aleix Espargaro, Francesco Bagnaia, Binder, Marc Marquez, Espargaro, Ducati's Francesco Bagnaia, Bagnaia, Brad Binder, Marco Bezzecchi, Pramac Ducati's, Jorge Martin, Espargaro's, Maverick Vinales, Jack Miller, Portugal's Miguel Oliveira, Martin, Younger, Alex, Alan Baldwin, Alex Richardson, Ed Osmond Organizations: Prix, Silverstone Circuit, Aprilia, Ducati Lenovo, Red Bull KTM Factory, MotoGP, KTM Bezzecchi, Silverstone, South, KTM, Stowe, Spaniard, Ducati, Thomson Locations: Silverstone, Britain, Bagnaia's, Argentina, London

☆ Dutch master Van der Poel wins world road title
▼ + stars: | 2023-08-06 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

The Classics specialist and five-time cyclocross world champion is the first Dutchman to win the rainbow jersey in the road race since Joop Zoetemelk in 1985. "Maybe this completes my career in my opinion, it's maybe my biggest victory on the road and I cannot imagine riding in the rainbows for a year," Van der Poel said. Heavy rain provided another twist and Van der Poel might have paid for his late spill but, with a rainbow arced over the city, he closed in on the rainbow jersey. I was pretty pissed at myself," Van der Poel said. When Van der Poel powered up the steep Montrose Road climb for the final time he could finally enjoy ending the long Dutch wait for a road world champion.

Persons: Mathieu van der, Maja, Van der Poel, Mathieu van der Poel, Tadej, Wout van Aert, Mads Pedersen, slithered, Joop Zoetemelk, Belgium's Van Aert, Pogacar outsprinting Pedersen, Raymond Poulidor, Alberto Bettiol, Van der, Van Aert, Pedersen, Martyn Herman, Ed Osmond, Clare Fallon Organizations: Cycling, UCI, Sunday, de, Police, Glasgow, Thomson Locations: Glasgow, Scotland, Britain, Netherlands, GLASGOW, Square, Espana, Edinburgh, Glasgow's, Montrose

☆ Twists and turns galore in Glasgow showdown
▼ + stars: | 2023-08-05 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

Crow Road, the one categorised climb, will not shred an elite peloton featuring Grand Tour and Classics winners, but once it rolls into Glasgow, battle will truly commence. A 14.3km circuit of the city centre will be tackled 10 times meaning a combined 400 tight corners. "It will be an accumulation of efforts," Van der Poel, who will share the Dutch leadership with Dylan van Baarle, said on Friday. "It's going to be full gas racing," he said, while Philipsen said: "It will be turning, turning, accelerating all the time." Other favourites include two-time Tour de France champion Tadej Pogacar of Slovenia, Denmark's former world champion Mads Pedersen and Poland's Michal Kwiatkowski.

Persons: Fred Wright, Mathieu Van der, Van der Poel, Dylan van Baarle, Van Baarle, Van der, Remco Evenepoel, Jasper Philipsen, Wout van Aert, Evenepoel, Philipsen, Tadej, Mads Pedersen, Poland's Michal Kwiatkowski, Martyn Herman, Christian Radnedge Organizations: GLASGOW, UCI, Montrose, Tour de France, de France, Thomson Locations: Edinburgh, Crow, Glasgow, Grand, Belgian, Slovenia

☆ Instagram boss Adam Mosseri reveals behind-the-scenes details on the launch of Threads and 5 other takeaways about Instagram, creators, and more
▼ + stars: | 2023-08-03 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +7 min

Instagram's new app, Threads, has dominated the discourse around Meta since its July 5 launch. With the launch of Threads, Instagram and its top executive, Adam Mosseri, have been enjoying the limelight. Mark Zuckerberg was "by far the most convicted" about launching Threads as a separate app, Mosseri said on the podcast. "But, the thing is, we're not a messaging app," Mosseri noted. Mosseri has a bias for simplicity and said he recognizes that the Instagram app is overrun with too many features.

Persons: Adam Mosseri, Harry Stebbings, Mosseri, Stebbings, Instagram's Adam Mosseri, Mark Zuckerberg, Meta, Instagram, Instagram hasn't, TikTok, we've, we're, he's, exes Organizations: LinkedIn, VidCon Locations: Pinterest, Instagram

☆ Opinion | One Sentence Does Not Define a Curriculum
▼ + stars: | 2023-08-03 | by ( John Mcwhorter | ) www.nytimes.com time to read: +3 min

Too often the idea of the slippery slope is presented as a given, rather than as an assertion requiring evidence. But I do perceive that America has become infinitely more informed about slavery than it was 50 years ago. To propose such an idea is, in its way, to dismiss the work so many have done to change minds. There are, to be sure, other things in the curriculum that also need fixing. The group was given only a few months to compile the curriculum, and errors like that happen in haste.

Persons: I’m, ”, …, Ron DeSantis Organizations: D.C, Tulsa Locations: America, “ Amistad, Florida, Washington, Rosewood

☆ Israel judicial overhaul: What is the new law and why is it causing upheaval?
▼ + stars: | 2023-07-25 | by ( Maayan Lubell | ) www.reuters.com time to read: +4 min

JERUSALEM, July 25 (Reuters) - Israel's parliament ratified new legislation this week that rolls back some Supreme Court powers, despite mass protests and U.S. misgivings. In the longer term, a weaker judiciary could be bad for business and harm Israel's legal defences abroad. So the Supreme Court is seen as crucial for protecting civil rights and the rule of law. His critics fear that he will try to use judicial changes to void his case or influence its outcome. Netanyahu has strongly denied any connection between his trial and an overhaul he says will only serve Israel's democracy.

Persons: Benjamin Netanyahu, Netanyahu, Joe Biden, NETANYAHU'S, Maayan Lubell, Andrew Cawthorne Organizations: NEXT, U.S, Thomson Locations: Israel

☆ I've worked as a data analyst at companies like Amazon for 20 years. Using ChatGPT for data analytics is a risky move — AI will never be able to do the work we do.
▼ + stars: | 2023-07-20 | by ( Brandon Southern | ) www.businessinsider.com time to read: +7 min

He says that using ChatGPT for data analytics is a risky move. But what I am concerned about is leaders believing that it can or should replace data analysts' jobs. In the current environment, data analysts provide additional context to data output, and they navigate these data issues in real-time as they construct their data analysis. As self-service capabilities increase, data analysts are becoming less involved with assisting stakeholders with data interpretation. He also creates TikToks about data analytics and career development.

Persons: Brandon Southern, analysis.I, I'm, I've Organizations: eBay, GameStop, Amazon, VMWare

☆ Harvard psychologist: The 'common enemy effect' may explain why Elon Musk's declining popularity could benefit Mark Zuckerberg
▼ + stars: | 2023-07-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Zuckerberg's found early success luring dissatisfied Twitter users to his new competitor, Threads, which launched earlier this month and quickly amassed 100 million users within days. At the end of 2022, after he acquired Twitter, Musk's net favorability had dropped by 13 points among U.S. adults, according to a survey by Morning Consult. In this case, a common disdain for Musk's Twitter could be the cause for Thread's flood of new users. But Warren makes it clear that growing a business using the "common enemy effect" may not be sustainable. "[The common enemy effect] is often a slippery slope to build a business around, although it may be effective in getting people to buy into a common cause," Warren says.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg's, Zuckerberg, favorability, It's, Dr, Cortney Warren, Warren Organizations: Twitter, Morning, Meta, Cambridge, Harvard, CNBC

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