Twitter users are pushing back against Elon Musk's new pay-for-verification policy, with many journalists and celebrities opting to cancel their subscriptions out of embarrassment instead of keeping their blue checks.
Why it matters: Internet verification used to be a badge of honor. Now that it's achievable to anyone who is willing to buy it, it's become a signal of desperation.
Comcast has agreed to mutually part ways with NBCUniversal CEO Jeff Shell over "inappropriate conduct," the company said Sunday. In a joint statement, Shell admitted to having an "inappropriate relationship with a woman in the company."
Why it matters: Shell had been CEO of NBCU since 2020, but had been with the company since 2013 and worked for its parent Comcast since 2009. Comcast acquired NBCU in 2011.
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday and said it plans to liquidate, adding that it will reverse course if it finds a last-minute buyer.
Why it matters: Bed Bath & Beyond has been in distress for years, having failed to reinvent itself in the digital age despite efforts to declutter its stores and remake its coupon strategy.
When it comes to investing, laziness is, broadly, a good thing. If you buy boring index funds and then just do nothing for many years, you are likely to outperform the vast majority of active traders.
Yes, but: When it comes to banking, laziness is likely to cost you.
Gstaad Guy's avatar shows a young man in full eurotrash cashmere regalia, scowling disapprovingly at something off camera, while sitting between Loro Piana bags on his right and Hermès boxes on his left.
The big picture: The character is obnoxious in the extreme — and is also making a lot of money from the brands whose customers are being satirized.
One of the nastiest side-effects of COVID-19 was malaria. The pandemic caused major disruptions to anti-malaria projects across Africa, and a significant rise in the number of cases and deaths — most of which were in children under the age of 5.
What's new: Now there's real hope that a vaccine could cause deaths to plunge.
Several business leaders went viral this week after their attempts at encouragement were received by employees as vitriolic and tone deaf.
Why it matters: Challenging economic times have presented an opportunity for CEOs to unite and motivate their employee base, but many are cracking under the pressure.
