Daymond John Says Retailers Need to Think Online First; How LG Stole the Show at Europe's Biggest Tech Show
Jon Steinberg
CEO of Future Plc. Founder of Cheddar, former President/COO of BuzzFeed, former President News and Advertising at Altice USA
Apple Is Going for a $5 Billion Hollywood Star
Rumors say Apple is planning to use the storied Culver Studios to produce original content. Gene Munster, Managing Partner at Loup Ventures, explains why we're about to see Apple invest even more in its own content.
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Tilman Fertitta Agrees to Buy NBA's Houston Rockets for $2.2 Billion
Entrepreneur Tilman Fertitta reached a definitive agreement to buy the Rockets for a record-breaking $2.2 billion. Axios' Dan Primack joined us to explain why the high price tag makes sense.
Daymond John Says Retailers Need to Think Online First
If FUBU founder Daymond John were to start his business today, he'd approach things a little differently. The "shark" explains why retail is dying, and why it's so much better to sell online.
How LG Stole the Show at Europe's Biggest Tech Show
To Digital Trends' Jeremy Kaplan, the biggest announcement out of IFA 2017 was the LG V30. "I'm surprised [LG doesn't] do better in the smartphone market because the V30 is such a damn good phone."
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DOW PLUNGES OVER 200 POINTS
U.S. stock markets dropped Tuesday, with the S&P 500, Dow Industrials and Nasdaq all posting their biggest losses since August 17. Weighing on investors' minds were the latest threats from North Korea and a second major hurricane developing in the Gulf region in as many weeks. Over the holiday weekend Pyongyang said it had conducted its sixth nuclear test, attaching a hydrogen bomb to an intercontinental ballistic missile and escalating tensions with the United States. Meanwhile, Hurricane Irma picked up steam as it headed to the Florida Keys, just days after Harvey wreaked havoc across the Texas coast. Among the biggest losers on the Cheddar 50 index: Viacom, Trivago and Box.
VERIZON'S NEW REWARDS PROGRAM COMES WITH A CATCH
Verizon is introducing a new rewards program called Verizon Up, where users can build up credits for concert tickets, movie premieres, and even phone upgrades. There's a catch though! Customers have to give Verizon access to their data usage first, handing over information about their web searches, location, and app use. The telecom company has said that it will use the data to better personalize rewards and target advertising.
FACEBOOK COULD CHARGE FOR WHATSAPP
The free messaging service WhatsApp may soon cost you. Facebook purchased the company for $22 billion three years ago and is planning to start charging businesses to use certain features. The new tools will reportedly allow corporate users, big or small, to speak to their customers directly through the app, creating a more personalized experience. Other updates include verifying business pages so that the app's one billion daily users can tell the difference between a business and personal page. The timing of the roll out is still unclear.