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Business

“Facebook made a major change after years of PR disasters, and news sites are paying the price”

“…Facebook, now known as Meta, is out of the news business, a move that’s disrupted the traffic flow for many publications — Mother Jones has seen a 99% drop in Facebook referrals since its peak — and had disastrous consequences for… Continue Reading…

Business

“Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme”

“Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. Prosecutors said Horst Jicha promoted USI Tech, the company he founded and helmed as its CEO, as a crypto mining and… Continue Reading…

Business

“Netflix will host WWE’s Raw starting next year in multibillion dollar deal”

“Netflix (NFLX) and TKO Group Holding’s WWE (TKO) announced a new partnership early Tuesday that will bring WWE’s flagship program Raw to the streaming service, beginning January 2025. The 10-year deal marks Netflix’s first big venture into the world of live sports… Continue Reading…

Business

“Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce”

“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it… Continue Reading…

Business

“Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.”

“…As the prospects for news publishers waned in the last decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of Amazon, bought The Washington Post in 2013 for about $250 million. Dr. Patrick Soon-Shiong,… Continue Reading…

Business

“Burger King owner will buy out its biggest franchisee in US for about $1 billion”

“The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the issued and outstanding shares of… Continue Reading…

Business, Stocks

“Is Pfizer Stock A Sell After Two Years In Free Fall? Or Will Seagen Bolster Sales?”

https://finance.yahoo.com/m/9a6f7dfd-febf-37fb-912a-e0504d778fbc/is-pfizer-stock-a-sell-after.html I just want to comment on the title of this article. In my opinion holding this stock is like holding a time bomb. It’s only a matter of time before it explodes. Instead of the bomb killing the holder,… Continue Reading…

Business

“Trader Makes Massive Bet Treasuries Will Get Slammed After Jobs Report”

“…The trade targets a surge in US 10-year yields to as high as 4.15% by Friday’s close of business, or a jump of about 0.15 percentage points from Thursday’s closing level. That would mark the biggest one-day rise in 10-year… Continue Reading…

Business

“NCAA and ESPN ink 8-year, $920 million media rights deal”

“The NCAA and ESPN have reached a new eight-year media rights deal worth more than $115 million annually, as the value of sports media rights reaches new heights. The new agreement carries an annual value of roughly three times the current 14-year deal,… Continue Reading…

Business

“How did Jeffrey Epstein make all of his money?”

“…Accused of abusing [RAPING] dozens of teenage girls before dying by [a highly suspicious so called] suicide in a federal prison in 2019…  a filing in his criminal case pegged his net worth at roughly $560 million. Epstein’s assets also included… Continue Reading…