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Trump Media & Technology Group Corp — Donald Trump's social media company — is a flashing red light of a stock. In other words: It seems like a perfect candidate for short sellers — investors who bet that a company's stock price is overvalued and will fall. But not that much, for now: More than 3 million shares of Trump Media have been shorted, says short-tracker S3 Partners. Related storiesS3's managing director, Ihor Dusaniwsky, offers one explanation: It's particularly hard to short Trump's company for technical reasons. There is extraordinarily little stock borrow available in [Trump Media] to support new short sales and stock borrow rates are extremely high.
Persons: Donald Trump's, Ihor, Trump's, I'd Organizations: Service, Trump Media & Technology Group Corp, Nasdaq, Business, Trump Media, SPACs, GameStop Locations: U.S
Comcast's Peacock, which streamed an NFL playoff game in January, has another game scheduled for this fall. AdvertisementRemember when Peacock hosted an NFL playoff game in January, which meant that everyone who wanted to watch Travis Kelce play football — and/or watch Taylor Swift watch him play football — had to subscribe to Comcast's streaming service? Well, get ready for round 2: Peacock will have another exclusive NFL game in September, featuring the Philadelphia Eagles and a team to be named later. This one won't be a playoff game, so it won't have anything like the national interest — and the complaints from angry NFL fans — the last Peacock game generated. And subscription tracking service Antenna estimated that nearly 3 million people signed up for Peacock to watch the game.
Persons: Comcast's Peacock, Peacock, , Travis Kelce, Taylor Swift Organizations: NFL, Service, Philadelphia Eagles Locations: Sao Paulo, Brazil
Reddit, which loses money, is currently worth about $8.15 billion. The New York Times, which makes money, is worth about $7.2 billion. That's because investors love Reddit's business model, which depends on free content from its users. That would be Reddit, the message board that went public last week and has a market cap of $8.15 billion. It's going to take some time for the market to reach a consensus about what Reddit is really worth.
Persons: , Reddit, — it's Organizations: New York Times, Service, Times, Media
Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.
Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, , Peter Katz, Marshall, Adam Pollock, Pollock Cohen, , “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, , Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean 'Value-Up' tax reform to hinge on upcoming election: SK SecuritiesPeter Kim from SK Securities says April's legislative election is crucial to the Korean government's efforts to boost value in the stock market, but the policy should continue regardless of the result.
Persons: SK Securities Peter Kim Organizations: SK Securities
AdvertisementIt's easy to write gloomy stories about the state of the media business. The media business is often pretty gloomy! This one is about a very Old World Media Company that has struck gold in digital media — one of the very few times that has ever happened. (While we're in disclosure mode, I should note that Business Insider itself is a digital media company acquired by German media conglomerate Axel Springer in 2015. AdvertisementMaybe a worthwhile playbook the next time — and there will be a next time — a big media company opens its wallet for a digital upstart again.
Persons: Condé Nast, , Reddit, Time Warner, Axel Springer Organizations: Advance, Service, World Media Company, Vogue, Yorker, Big Media, News Corp, MySpace, Penguin, YouTube, Maker Studios, Disney, Fox, Time, Comcast, NBC, Vox Media Locations: Reddit
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.
Persons: , we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone
At one point, Elon Musk might have seemed like a great candidate to buy TikTok. Turns out my boss Henry Blodget is suggesting we all band together to rustle up the money to buy TikTok. You might recall Elon Musk from 2022. And that Elon Musk would be a great candidate to buy the US operations of TikTok. The sales pitch would be simple: Elon Musk.
Persons: Elon, , Steven Mnuchin, doesn't, Bobby Kotick, Sam Altman, Henry Blodget, Henry, didn't, Joe Biden, ByteDance, that's, Steve Mnuchin, — Elon, Elon Musk, Guy Who, Esther Crawford, Musk, he's Organizations: Service, Activision, Street, Yahoo, Twitter, Elon Locations: TikTok, ByteDance
Where to watch 9-1-1 live in the US"9-1-1" Season 7 airs on ABC in the US on Thursday nights at 8 p.m. If you don't have cable but want to watch an ABC live stream, then you can try a live TV package like Sling TV or Hulu + Live TV. Sling TV Subscription Sling is one of the most affordable live TV streaming services around. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN+. Shop at HuluWhere to watch 9-1-1 live in Canada"9-1-1" Season 7 is available to live stream on Global TV in Canada on Thursday nights at 8 p.m.
Persons: We've, Bobby Nash, Peter Krause, Athena Grant, Angela Bassett, Hulu's, ExpressVPN Organizations: Business, FOX, ABC, WGA, SAG, Hulu, Sling, New, Disney, ESPN, Disney Plus, TV, Hulu . Locations: New York City, Chicago, Los Angeles, Hulu, Canada
Read previewLike a lot of people, Nick O'Neill got the crypto bug during the pandemic. But then he stumbled into a bit of viral fame: A joke post he made boasting about his crypto prowess took off, fueled in part by people who didn't realize he was joking. "Choose rich" is O'Neill's catchphrase, which is mostly a joke, but also very similar to things people used to say on crypto Twitter, for real. AdvertisementPeter Kafka: You make this thing that is a little sincere but is mostly a joke, and it triggers people who don't think it's a joke. Peter Kafka: I couldn't tell if you were satirizing crypto, or crypto culture, or Twitter/X culture.
Persons: , Nick O'Neill, he's, O'Neill, Crypto, There's, Peter Kafka, That's, It's, bro, Solana, NFTs, Dan Bilzerians, there's, you've, X Nick O'Neill, Dave Portnoy's Organizations: Service, Business, pic.twitter.com, Twitter, MySpace, Washington Locations: Miami, Solana
Former CNN anchor Don Lemon says Elon Musk has canceled his Twitter talk show before its scheduled debut. Lemon says Musk, who courted him to come to Twitter, didn't like the interview Lemon had just conducted with Musk. If you're surprised by this kind of behavior from Musk, you're not paying attention. AdvertisementElon Musk courted former CNN anchor Don Lemon to start a talk show on Twitter. Now it's not going to happen at all, Lemon says: He says Elon Musk canceled the show — before it ever aired — shortly after Lemon interviewed him last Friday.
Persons: Don Lemon, Elon Musk, Lemon, , it's Organizations: CNN, Twitter, Service
In collecting this data, the firm saw a deterioration in the Dollar General brand last year. As of Monday's close, Dollar General's stock is up more than 57% from a 52-week low of $101.09 reached in mid-October. Their research found that consumers felt the cleanliness of Dollar General's stores, a top five driver of satisfaction, lagged key peers Dollar Tree and Family Dollar, and fell 2% further in February. Until November, shoppers rated Family Dollar and Dollar General's product offerings more or less on a par with each other. In addition to Dollar General's own challenges, all dollar stores are likely being hurt by weaker spending among low income consumers.
Persons: Vasos, what's, Todd Vasos, Jeff Owen, Gordon Haskett, Chuck Grom, Grom, bode, Piper Sandler, Peter Keith, Keith, Morgan Stanley, Simeon Gutman, Gutman, Michael Lasser, Lasser, Matthew Boss, — CNBC's Michael Bloom Organizations: Dollar, DG, Occupational Safety, Health Administration, SNAP, UBS, JPMorgan
On Feb. 9, Peter Kaestner stood in the shadow of majestic Tinuy-an Falls on the Philippine island of Mindanao, on the cusp of a record he’d spent seven decades chasing and worried that he’d arrived too late. For years, nobody alive had seen and identified more bird species than Mr. Kaestner. An obsessive birder since childhood, Mr. Kaestner woke up that morning in February with 9,997 birds on his personal “life list” — more than 90 percent of Earth’s scientifically recognized species and three away from a singular milestone. A few weeks earlier, in an essay for the American Birding Association, he had outlined his plans to become the first person to document 10,000 sightings; shortly after, new information forced him to expedite his plans. “I realized when I was writing it that I was putting a target on my back,” Mr. Kaestner said from his home in Cockeysville, Md.
Persons: Peter Kaestner, he’d, Kaestner, lister, , , ” Mr Organizations: American Birding Association Locations: Philippine, Mindanao, American, Cockeysville, Md
AdvertisementTheir last big hope: That if the awards featured big movies people have seen or at least heard of, audiences might return. That was supposed to happen this year, when monster hits "Barbie" and "Oppenheimer" were both up for multiple awards, including Best Picture. And the producers for ABC's broadcast smartly leaned into it, by doing things like bringing in "Barbie" nominee Ryan Gosling to sing and dance, to general acclaim. On the other hand: That means this year's telecast still drew considerably less than the 23.6 million viewers who watched the 2020 show, which didn't have anything like "Barbie" or "Oppenheimer," box-office-wise. Back then, a couple of the Best Picture nominees were ones regular folks may have seen in theaters, including "Ford V. Ferrari" and "Joker."
Persons: Oppenheimer, Barbie, Ryan Gosling, Ford, Ferrari, Oscar, hasn't, COVID, we're Organizations: Hollywood, ABC
The TikTok ban chaos — explained in 60 seconds
  + stars: | 2024-03-11 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
A bill that could ban TikTok in the US is moving quickly through Congress. AdvertisementA new bill working its way through Congress could ban TikTok in the US. Donald Trump, who used to want to ban TikTok in the US, now says he'd like it to be here. And some people who support the ban bill insist it isn't a ban bill. Why do people want to ban TikTok in the US?
Persons: , Donald Trump, Let's, TikTok, hoover Organizations: Service, Business
3 theories to explain Trump's TikTok flip-flop
  + stars: | 2024-03-08 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +6 min
For instance: In 2020, when he was president, Trump said he wanted to ban TikTok from the US. While we are here, let's be even-handed, and note that Trump is not the only politician who has inconsistent and contradictory approaches to TikTok. So that's a lot of TikTok Ban news to consume over a short period. But I'm still sticking with the argument I made Thursday:It's easy to vote for a TikTok ban if you don't really think it's going to result in a TikTok ban. But it's a lot harder to actually ban TikTok for real — particularly during a very close presidential campaign, where the risk of blowback from angry users is a real thing.
Persons: , Donald Trump, Trump, Jeff Yass, — we're, Republican Sen, Rand Paul, Paul, Biden, — Rand Paul, I'm, , TikTok, let's, Joe Biden, ByteDance Organizations: Service, Facebook, Business, Club, Growth, Trump, Republican, Texas, Project Texas, GOP, Street Locations: Yass, Project, China
3 SHADES OF BLUE: Miles Davis, John Coltrane, Bill Evans, and the Lost Empire of Cool, by James KaplanMiles Davis was one of the biggest stars in jazz as well as one of the most innovative and influential musicians. John Coltrane was both a saxophone virtuoso and a fearless explorer whose lifelong musical and spiritual quest attracted a passionate following — and later, as that quest went beyond the boundaries of jazz as many people understood the word, heated criticism. Bill Evans redefined the concept of the piano trio and rewrote the rules of jazz harmony. Well, we may not need it, but we have it. And if “3 Shades of Blue: Miles Davis, John Coltrane, Bill Evans, and the Lost Empire of Cool” is neither an essential addition to the jazz literature nor quite the sweeping statement its subtitle promises, it’s certainly a compelling read.
Persons: Miles Davis, John Coltrane, Bill Evans, James Kaplan Miles Davis, Davis, Coltrane, Evans, Ashley Kahn’s, Eric Nisenson’s “, Richard Williams’s “, Miles Davis’s, it’s, James Kaplan, Organizations: Modern Music
And since the Apple-made movies are expressly built to be shown on its Apple TV+ streaming service, Apple can't make money selling them to a different streamer. Apple, movies, and TV: Why? And the second obvious answer is that Apple needs Apple TV+ because it's increasingly focused on making money from "services" as iPhone sales slow down. Apple has managed to grow Apple TV+ meaningfully after a rocky start. Still, even in the best-case scenario, Apple TV+ is a sliver of the $85 billion Apple made from services last year.
Persons: , Napoleon, That's, , James Bond, Henry Cavill, Bryce Dallas Howard, Sam Rockwell, Dave Benett, Apple, it's, Martin Scorsese's, he's Organizations: Apple, Variety, Business, Google Locations: Dua Lipa
In today's big story, we're looking at Sam Altman's sprawling AI empire amid his beef with Elon Musk . AdvertisementBut first, the sun never sets on Sam Altman's AI empire. OpenAI CEO Sam Altman was thrust into the mainstream consciousness with the release of ChatGPT in 2022. Elon Musk and Sam Altman Michael M. Santiago/Getty, Nordin Catic/Getty, Tyler Le/BIThere is another tech billionaire whose vision exceeds a singular company. But unlike Musk, Altman has, somewhat incredibly, mostly skirted controversy (save for his ouster-then-return saga ).
Persons: , There's, Sam Altman's, Elon Musk, Alastair Grant, Rebecca Zisser, Sam Altman, Altman, Darius Rafieyan, Sam Altman Michael M, Nordin Catic, Tyler Le, Elon, Musk, OpenAI, execs, Altman isn't, Robert Downey Jr, Tony Stark, Goldman Sachs, Jenny Chang, Rodriguez, Neema Raphael, Goldman's, Jerome Powell, Powell, Li Qiang's, Xi Jinping, Fernando Gutierrez, leapfrog, Ridley Scott's, Napoleon, BI's Peter Kafka, Elon Musk's, Joe Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Elon, Business, OpenAI, Microsoft, Goldman, Beijing, Nvidia, leapfrog Apple, Apple, Google, FTC, Facebook, Variety, Tesla, Costco, Kroger, Digital Locations: China, Delaware, New York, London
Read previewNews that Elon Musk met with Donald Trump on Sunday raised the obvious question: Is Trump, who needs money, going to get some from one of the world's richest men? Absolutely not, says Elon Musk on Wednesday:That settles that. Just to be super clear, I am not donating money to either candidate for US President This story is available exclusively to Business Insider subscribers. In 2022, Elon Musk said he was acquiring Twitter shares as a "passive" investor — and then bought the whole company. Or maybe Musk thinks he's crafted a clever tweet about "not donating money to either candidate for US President," and what he really means is he is "not donating RIGHT NOW."
Persons: , Elon Musk, Donald Trump, Trump, he's, Teddy Schleifer, Puck, Schleifer, Vivek Ramaswamy's, Musk, Elon, , doesn't Organizations: Service, Elon, US, Business, Twitter, Trump, Trump PAC, Nope Locations: Silicon Valley
Google's Gemini flop looks bad from the outside. Ask the folks who worked on Apple Maps. Apple Maps fiasco could point the way forwardBut let's be more positive this time around, with a different echo from the Big Tech Screwups file: Remember Apple Maps? And then, over time, Apple did get its act together, and people did start using Apple Maps, and now there are plenty of normal people who use Apple Maps as a default, and some of them even argue that it's better than Google Maps. Except: The time between Apple Maps' flop and that article I linked to above — headline: "People Have Begun to Love Apple's Most Hated Product" — was more than a decade.
Persons: , Alex Kantrowitz, wokeness, OpenAI, Hunter, Tim Cook, Cook, Apple's, Gemini Organizations: Google, Big Tech, Apple, Service, Gemini, Microsoft
Elon Musk owns X, formerly Twitter, which has an advertising problem. AdvertisementThe company formerly known as Twitter has a well-known advertising problem: It is owned by Elon Musk, who does his best to repel advertisers. So look at a (very partial) solution to Twitter's advertising problem: Elon Musk! More specifically, Elon Musk's Tesla, which is advertising on the company formerly known as Twitter:This new? Model Y starts at $36,490 after Federal Tax Credit for eligible buyersBook a Demo Drive to try it https://t.co/McJ7TwPy4c — Tesla (@Tesla) February 29, 2024Beyond the novelty, a couple of other ideas:
Persons: Elon Musk, , Elon, Elon Musk's Tesla, uM6X0cQnKL — Jay Yarow, Tesla, Jay, — Tesla Organizations: Elon, Service, Twitter, YouTube, Federal Tax
What we still don't know: Why would someone pay $50 a month for this? AdvertisementAfter all, if you like paying for streaming TV, you can pay $73 a month for YouTube TV. So, again: If you're a big enough sports fan that you want to pay for streaming TV, don't you also want all of the sports on streaming TV? And, yes: Spending $50 a month on something instead of $73 a month on something is meaningfully cheaper. Now he's asking them to pay an extra $50 a month — and not get everything they want.
Persons: Lachlan Murdoch, it's, , Here's, Murdoch, Brendan McDermid, they're, They're, he'll Organizations: Service, Fox Corp, Disney, Warner Bros, Comcast, YouTube, REUTERS, NFL, CBS, league's AFC, NBC, Amazon, Media Locations: America
Apple's stock fell Monday morning after EU regulators slapped the company with a $2 billion fine. The fine is part of the EU's push to get Apple to open up its App Store. Investors are trying to figure out how much opening the App Store will hurt the company long term. Which means, at the moment, that Apple's $2 billion fine has cost it some $80 billion in market cap. But as recently as a month ago, the conventional wisdom was that Apple's fine was going to be something in the $500 million range.
Persons: , that's, they've, there's Organizations: Apple, Service Locations: Europe
Read previewAt a recent closed-door fundraiser, President Joe Biden had to rely on note cards prepped by his staff to provide donors with detailed answers on his policy. But since the advent of mass communication technology and, as a result, an increasing expectation of US leaders to make public addresses, presidents have long relied on note cards and teleprompters to face their constituents. Even US presidents who had the public reputation of being robust and nimble needed note cards, Kastor said. John F. Kennedy, who was able to keep his medical problems, including persistent back pain, hidden from the public, used note cards. Former President Donald Trump, who is now 77, has received flack for relying on note cards albeit for different reasons.
Persons: , Joe Biden, Axios, Robert Hur, Calvin Coolidge, of Congress Peter Kastor, Louis, Kastor, John F, Kennedy, Kennedy's, Woodrow Wilson, John Adams, Theodore Roosevelt, Ronald Reagan, Biden, Reagan, , Barack Obama, Donald Trump, David Frum, George W, Bush's, Bush, Frum, flack, Trump, Chip Somodevilla, attentiveness, Clinton, Obama Organizations: Service, Media, Business, of Congress, Washington University, National Archives, White, Trump Locations: St, Berlin, Germany, Parkland , Florida, W
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