Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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Activision Blizzard CEO Apologizes Over Sexual Harassment Reports, Takes Pay Cut
The CEO at Activision Blizzard Bobby Kotick apologized to employees after the company had been rocked by the public airing of sexual harassment claims that went unchecked. Kotick also asked that his compensation of more than $150 million be slashed to just over $62,000.
Google Takes Big Step Forward With Pixel 6 Pro Features, Competitive Price
Cheddar's Ken Buffa took the Pixel 6 Pro for a test drive, highlighting some of the new features. The latest Google smartphone comes with an upgraded camera visor that holds three cameras in place as well as Gorilla Glass Victus covering the front and back protecting against drops and scratches. The device also contains Google's first homemade processor chip called Tensor and retails for about $899.
Overstock CEO on Q3 Earnings Beat, Weathering Supply Chain Constraints
Overstock CEO Jonathan Johnson joined Cheddar's "Opening Bell" to talk about the company's Q3 earnings beat. While supply chain issues have plagued businesses across industries, Johnson noted that the company largely avoided constraints by not pressuring suppliers to fill Overstock's own distribution centers, encouraging them to use their own. "We have a higher in-stock percentage today than we did a year ago. Not quite as high as we did pre-pandemic but better than it was last year at this time," he said.
Cheddar Afternoon Google News Briefings of October 28th
Cheddar Afternoon Google News Briefings
Afternoon Alexa Flash Briefings of October 28th
Alexa Flash Briefings
Cheddar Quick Hit GSTV of October 29th
Cheddar Quick Hit GSTV
Google Alleges Antitrust Bills Threaten Small and Medium-Sized Businesses
Google notified a number of small and medium-sized customers that potential antitrust bills could have negative impacts on their own businesses. The warning appears to be an effort to drum up enough opposition to give pause to lawmakers before enacting any such legislation.
Robinhood Q3 Earnings Miss Linked to Crypto, Drop in Engagement
Anthony Bartolacci, VP of financials of data Sensor Tower, joined Cheddar to talk about Robinhood's massive earnings miss. He attributed part of it to the platform's exposure to cryptocurrency and its lackluster performance in Q3 following volatility. Bartolacci also noted some headwinds from a drop in engagement on the platform due to people returning to work and having less time to day trade contributing to the miss.
Merck to Offer Poorer Countries COVID-19 Pill Formula for Free
Pharmaceutical company Merck has announced that it will share the formula of its COVID-19 pill with poor countries free of charge. The company still intends to charge wealthier nations leaving the end cost at more than $700 per five-day treatment course.
