BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.
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Fanatics valuation hits $31 billion after $700 million investment round
Michael Rubin’s sports platform company Fanatics has raised $700 million in capital, raising its value to $31 billion.
Continue readingNetflix co-CEO Sarandos says streamer likely to offer multiple ad-supported tiers
Netflix is likely to offer multiple ad-supported tiers, co-CEO Ted Sarandos said at a conference Tuesday.
Continue readingDavid Zaslav’s top priority at Warner Bros. Discovery: Get the cash flowing again
Warner Bros. Discovery CEO David Zaslav is prioritizing cash generation over everything else.
Continue readingLawmakers tell Live Nation CEO they want answers on the Taylor Swift Ticketmaster fiasco
A House subcommittee asked Live Nation CEO Michael Rapino to provide a briefing on Ticketmaster’s ticketing process for Taylor Swift’s Eras tour.
Continue readingBoeing’s last 747 is rolling out of the factory after a more than 50-year production run
Boeing has produced 1,574 of the planes at its factory north of Seattle.
Continue readingHere’s what America’s top CEOs are saying about a possible recession in 2023
The CEOs of JPMorgan, General Motors, Walmart and others are gearing up for a potential economic slowdown in 2023.
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Walmart CEO says shoppers are being more selective as they deal with inflation
Americans are still feeling “stressed” by inflation, but the effects aren’t being felt evenly across categories, Walmart CEO Doug McMillon.
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United CEO says business travel has ‘plateaued’ but revenue is still rising
Kirby said the carrier isn’t seeing a recession in its data but forecast a “mild recession induced by the Fed.”
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GM continues to evaluate Twitter advertising suspension following Musk takeover
Mary Barra said GM’s decision to suspend advertising on Twitter was influenced by the fact that Musk’s electric vehicle company, Tesla, is a competitor.
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