Today's top news. TikTok $500,000 price, Google Brad
MSU kills, Biden cut the U.S. deficit by $2 Trillion, Tesla Job cuts, Paramount + hike prices, Bitcoin $25K, Wall Street Bets and more....
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U.S.A
The gunman who killed 3 Michigan State students may have planned to attack New Jersey schools, police say.
Anthony Dwayne McRae, aged 43, opened fire on the MSU campus Monday evening and was later found dead. A note found in his pocket indicated a threat to two Ewing Public Schools in New Jersey, but later Ewing police stated the threat was gone.
Biden outlines plans to cut the U.S. deficit by $2 trillion over the next decade
U.S. President Joe Biden warned union workers Wednesday of the economy's state and House Republicans' policies threatening rank-and-file members. His speech to the International Brotherhood of Electrical Workers Local Union 26 in Maryland was part of his plan to "build an economy from the bottom up and the middle out."
BUSINESS
Paramount+ plans price increases as it hits 56 million subscribers
Despite gaining more streaming customers, Paramount reported a 7% decrease in its fourth-quarter revenue, amounting to approximately $5.9 billion. This was due to the weak advertising market's impact on the company.
What do you think best streaming service?
I think HBO Max, Netflix, and Disney.
Tesla workers fired after union push at NY plant
Tesla Workers United reported that several employees at the Buffalo plant were fired the day after they began union organizing. They received an email informing them of a policy that violates federal labor law and disregards New York's one-party consent law for recording conversations.
TECHNOLOGY
YouTube CEO Susan Wojcicki is stepping down
YouTube CEO Susan Wojcicki is stepping down from her role, to be replaced by Neal Mohan, her longtime lieutenant. In a letter to YouTube's employees, Wojcicki said she was leaving to focus on her family, health, and personal projects she is passionate about.
Google asks employees to rewrite Bard’s bad responses, says the A.I. ‘learns best by example
"Bard learns best by example, so taking the time to craft a response carefully will be beneficial in helping us to improve the system," the document states. On Wednesday, as CNBC reported earlier, CEO Sundar Pichai asked employees to dedicate two to four hours to Bard. He acknowledged that this would be a lengthy process for everyone involved.
TikTok is launching a $500,000 live trivia contest
TikTok today announced the launch of their own live trivia series, taking a page from HQ's playbook. Players must be 18 and in the US to participate in the multiple-choice questions, which will be streamed on the official @TikTok account. Categories include lifestyle, beauty, sports, music, and John Wick questions, with a $500,000 cash prize pool.
CRYPTO
Bitcoin today broke above $25,000 for the first time since June last year.
The asset took the rest of the market with it—seemingly unfazed by a U.S. regulatory crackdown. The total market capitalization for all crypto assets has jumped by roughly $100 billion over the last day. )
Ethereum price prints 'death cross' after losing 13% versus Bitcoin from 2023 peak
WallStreetBets Founder Sues Reddit
Jaime Rogozinski, the creator of the WallStreetBets community, filed a lawsuit against Reddit. He accused the social-media platform of breaching the contract by ousting him from his role as a moderator in 2020, infringing on his right to trademark the WallStreetBets brand, and other complaints.
"I felt this was personal, and I felt betrayed," Mr. Rogozinski said in an interview with The Wall Street Journal.
Watch the documentary on Netflix to learn how Wall Street's bets impacted the stock of GameStop.
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