3 trends that will redefine sports media as the industry reckons with layoffs, AI, and more
Former NFL player and host Pat McAfee recently signed a five-year deal with ESPN. ESPN laid off 20 on-air personalities and the New York Times decided to close its sports desk. More news jobs have already been cut this year than in all of 2022 and 2021, per a firm that tracks layoffs. Industry experts…
Goldman Sachs’ investing playbook through year-end: 3 leaders share their advice, including how to cash in on a potential double-digit rally in stocks
Goldman Sachs’ mid-year economic outlook is relatively positive. The firm downgraded the probability of a recession to 20% from 25% to 35% earlier. Stay invested, favor US stocks, and tilt to higher-quality credit, top experts said. Drivers stuck in traffic frequently attempt to change lanes to those that appear to be moving faster. However, according…
5 lessons from working with MrBeast, according to the president of the top YouTuber’s company
Marc Hustvedt is the president of YouTube’s most popular channel, MrBeast. An entertainment vet, he now spends his days guiding the YouTube star. Insider spoke with Hustvedt who shared his insights from working for a YouTuber-led business. MrBeast president Marc Hustvedt compares Jimmy Donaldson’s stardom and impact to that of a professional athlete. “To some…
How Abu Dhabi’s $276 billion Mubadala sovereign wealth fund is investing in software in the new age of AI
Insider interviewed Ali Osman, head of technology and software investments at Mubadala. He shared insights on AI and the future of software. The boom in generative AI has made ownership of quality data even more important, he said. For many technology investors, the last few years have been a roller coaster ride of surging pandemic…
I’m a 23-year-old entrepreneur who made $120,000 last year. Here’s how I built multiple income streams.
Callie Jardine started a fitness blog in college, which she turned into a subscription-based app. She has several revenue streams, including her fitness app, brand partnerships, and YouTube adverts. Jardine shared how she built and retained subscribers for her subscription-based app, Sweaty Studio. The following is an as-told-to essay based on a transcribed conversation with…
The advertising winter may finally be starting to thaw
The long advertising winter could be coming to an end in the second half of this year. Companies like Meta and Google reported ad rebounds, and big advertisers plan to increase spend. But some agencies and ad sellers are still struggling. There are early signs that the advertising winter is breaking. The advertising industry has…
Real-estate investor Guido Nunez has built a portfolio of 150 units across multiple multifamily properties. He shares the refinancing and tax strategies he’s used to continually snowball his wealth.
Guido Nunez started investing in real estate after being laid off in 2011. He now has 150 units across multiple states. To scale up, he’s used the BRRRR method and 1031 exchanges. Guido Nunez’s mother has always tried to teach him about how to use real estate to create life-changing wealth. She was a real…
Where Steve Cohen’s Point72 Ventures sees opportunities in fintech, from generative AI to solving gamers’ payments woes
Tripp Shriner is a managing partner at Point72 Ventures, the VC arm of Steve Cohen’s hedge fund. Fintechs suffered from a lack of funding and IPOs in the year, but there are signs of a rebound. Shriner outlines three investment areas the VC is excited about and why. Anyone in the fintech industry will tell…
Investment giant Brookfield is shuttering its $1 billion multi-strategy hedge fund
Investment giant Brookfield is closing its hedge fund group BHS Advisors. The multi-strategy fund launched in 2019 and managed $1.3 billion in assets earlier this year. The fund had 66 employees earlier this year, including 38 investment professionals. Brookfield Corporation, a Canadian asset management behemoth, is closing its multi-strategy hedge fund Brookfield Hedge Solutions Advisors.…
