What is going on !
Mr. Musk stated that he would retire as Twitter’s CEO if he found someone “foolish enough to take the position.” Mark Zuckerberg appears in court. In addition, YouTube has reached an agreement to stream NFL Sunday Ticket games.
Elon Musk said that he would retire as Twitter’s CEO once he found someone “foolish enough to take the position.” Mr. Musk asked his roughly 123 million Twitter followers in a “poll” last weekend whether he should resign after facing backlash over unpopular content moderation practices and suspensions of high-profile users, including some journalists. He said he would abide by the results of the vote. 57 percent of the 17.5 million responders replied yes. Mr. Musk announced on Tuesday that he would stand aside as CEO, though he stressed that he would continue to oversee Twitter’s software and server teams. Mr. Musk has already expressed a preference for polls. When asked for consumer feedback on decisions
YouTube outbid Apple and Amazon for the rights to the National Football League’s Sunday Ticket game package. YouTube has agreed to pay the league approximately $2.5 billion per year, a $1 billion increase over the previous rights holder, DirecTV. The agreement will allow viewers to watch nearly all NFL games on YouTube next season. The arrangement’s specific timeline is unknown, although YouTube and the NFL labeled it a “multiyear deal.” Apple just withdrew out of the contest for the rights, instead preferring to sponsor the 2023 halftime show, which will feature a performance by Rihanna.
When a lawyer asked Mark Zuckerberg if Meta, the parent company of Facebook, WhatsApp, and Instagram, was “trying to control the future of technology,” he hesitated before responding, “Yes. Yes, that is a rather broad statement.” On Tuesday, Mr. Zuckerberg testified as the main witness in federal court in San Jose, Calif. The case will determine whether the Federal Trade Commission will be given an injunction to prevent Meta from acquiring Within, a firm that creates a virtual reality fitness game, for $400 million. If the F.T.C. rejects the transaction (which was first announced in 2021), it might set a precedent for antitrust law.
What’s next ?
Economists and government officials are attempting to forecast what the economy will do in the coming year. But, as Fed Chair Jerome H. Powell stated last month, the future of the probability of a recession is “unknowable.” That is true at any time of year, but especially in our current economic context. Over the last few years, the economy has defied expectations and defied conventional wisdom. Historical data, which is normally valuable for economists, has not proven to be a dependable guide. In order to restrict growth and keep price hikes under control, the Federal Reserve raised interest rates at the quickest rate since the 1980s in 2022. It remains to be seen what impact those rates will have
