In defensive interview, Sam Bankman-Fried claims he’s broke and committed no fraud

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Description: Former FTX CEO Sam Bankman-Fried, in possibly the understatement of 2022, said Wednesday, “I’ve had a bad month.” The former billionaire added that he “didn’t do a good job” at upholding his responsibilities to regulators, customers and investors in a hotly anticipated conversation with CNBC’s Andrew Ross Sorkin at the DealBook Summit. Source: CNBC.com… Read more »

Layoffs mount, and Main Street still can’t find any workers to hire for open jobs

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Description: When it comes to salary, small business owners generally don’t play in the same league as larger companies.It’s even trickier now in a tight labor market with rising wages and with more states and municipalities posting salary ranges, which stand to make small businesses look even less appealing from a salary perspective. Source: CNBC.com –… Read more »

Think gasoline is expensive? It’s cheap compared to diesel — and it’s making inflation worse

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Description: Demand for diesel is high and steady, while supply has never been lower Source: CBC.ca Date: Nov 19, 2022 Link: https://www.cbc.ca/news/business/diesel-price-explainer-1.6656228 Questions for discussion: Why are diesel prices so high? How does this affect inflation? What are the alternatives for businesses and consumers in the short and long run?

Elon Musk’s backers cheer him on, even if they aren’t sure what he’s doing to Twitter

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Description: Elon Musk’s acquisition of Twitter has not exactly taken off like a rocket. After trying desperately to get out of the $44 billion purchase, he faced a court battle for reneging. So he went through with it, while complaining that he was “obviously overpaying.” Mass layoffs and mass resignations have left Twitter a shadow… Read more »

Iger announces first big moves in new tenure as Disney CEO: Restructuring and departure of Chapek right hand Kareem Daniel

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Description: Bob Iger, less than 24 hours after returning to the helm of Disney, told employees Monday that the company would be undergoing a restructuring in coming weeks. One of the first steps, Iger announced, would be the departure of Kareem Daniel, the company’s head of media and entertainment, and right hand to now-departed CEO Bob… Read more »

The Big Idea: Airships are back, and they’re better than ever

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Description: With a bit of investment, they can help solve our supply chain woes ?Source: Macleans.ca Date: Nov 16, 2022 Link: https://www.macleans.ca/technology-3/the-big-idea-solving-canadas-supply-chain-woes/ Questions for discussion: What are the advantages and disadvantages of this transportation technology? Why do you think development and adoption has remained slow? How would you boost the adoption of this technology and companies… Read more »

Is This the End Game for Crypto?

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Description: Recent events have made clear the need to regulate crypto, an industry that grew from nothing to a $3 trillion market capitalization a year ago, although most of that has now evaporated. But it also seems likely that the industry couldn’t survive regulation. Source: NYT.com Date: Nov 17, 2022 Link: https://www.nytimes.com/2022/11/17/opinion/crypto-banks-regulation-ftx.html? Questions for discussion: What does… Read more »

Carvana stock tanks in continued sell-off

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Description: Shares of Carvana were briefly halted Monday morning due to volatility, down by as much as 24% at one point to below $7 per share — its lowest point on record. Source: CNBC.com Date: Nov 07, 2022 Link: https://www.cnbc.com/2022/11/07/carvana-stock-tanks-in-continued-sell-off.html Questions for discussion: Explain the company’s rapid decline in stock value, from a marketing point of view?… Read more »

Global Initiative Is Transforming How People View Wellbeing

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Description: As part of the movement to expand the study of people’s wellbeing beyond traditional indicators, Gallup and the Wellbeing for Planet Earth Foundation joined forces several years ago to develop a globally inclusive measurement of wellbeing. Together, through the Global Wellbeing Initiative, they are asking the world new questions that are not only transforming how people… Read more »

Twitter is now owned by Elon Musk — here’s a brief history from the app’s founding in 2006 to the present

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: A decade ago, Twitter’s future was looking bright. The company was benefiting from a flood of funding into the social-networking space, eventually leading to an IPO in 2013 that raised $1.8 billion. Source: CNBC.com Date: Oct 29, 2022 Link: https://www.cnbc.com/2022/10/29/a-brief-history-of-twitter-from-its-founding-in-2006-to-musk-takeover.html Questions for discussion: Why do you think Musk bought Twitter? Do you think there are revenue models that… Read more »