π§ββοΈ Meta Faces Federal Antitrust Trial
Meta is facing a federal trial over claims that its acquisitions of Instagram and WhatsApp were meant to stifle competition, which could lead to a breakup if the FTC wins.
π Disney+ Adds 4.4 Million Subscribers
Disney+ added 4.4 million subscribers in its fiscal Q4, contributing to a $321 million profit for its streaming division, alongside positive news from its movie business.
π Trump's Antitrust Efforts May Continue
Antitrust efforts may continue under Trump's administration despite changes, with Vice President-elect JD Vance showing support for breaking up Google.
π Ben & Jerry's Sues Unilever
Ben & Jerry's has filed a lawsuit against Unilever, alleging the company attempted to silence its support for Palestinian refugees.
π₯ Netflix Tests Live Streaming Capabilities
Netflix is testing its live event streaming capabilities with a boxing match between Mike Tyson and Jake Paul, a prelude to planned live NFL game streams.
π Ford Fined $165M for Recall Delays
Ford faces a $165 million civil fine for failing to recall defective vehicles promptly, receiving the second-largest fine from the NHTSA.
π₯ Spotify to Pay Video Podcast Creators
Spotify plans to pay video podcast creators for high-performing content as it eyes competition with YouTube.
β Tapestry and Capri Merger Aborted
Tapestry and Capri's $8.5 billion merger was called off following an antitrust lawsuit by the Federal Trade Commission.
π Cava Stocks Surge in Fast-Casual
Cava is outperforming in the fast-casual segment, leading to significant stock price increases.
π€ Dimon and Trump Rule Out Partnership
Jamie Dimon and Donald Trump have made it clear they will not be collaborating in any business ventures.
π¬ Disney's Iger Rejects More Acquisitions
Bob Iger of Disney announced that acquiring more assets is not necessary for navigating the media landscape.
π Market Drops After Powell's Comments
The S&P 500 and Nasdaq dropped 0.6% as Powell's comments influenced traders' expectations for rate cuts.
π Tesla Shares Fall on Tax Credit News
Tesla shares declined on the news that the EV tax credit might be discontinued under the new administration.