Friday, Dec. 1st

No-fluff news for busy CEOs

Happy Friday CEO!

While you were busy growing your empire

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1. 🤖 GPT Store Delayed

More bad news from OpenAI — their GPT store will be delayed until at least sometime next year. They said “unexpected things have been keeping us busy,” which is quite an understatement. Read more here.

2. 👩🏼‍⚖️ Montana TikTok Ban Delayed

An upcoming TikTok ban set for January 1 in Montana has been delayed, but it’s far from the only TikTok ban attempt right now. This piece sums them up. Read more here.

3. 😬 Don’t Fire People Like This

According to this report, things got so hectic at Parade — the Gen Z favorite lingerie brand — that leaders started announcing firings publically on Slack. Once valued at $200 million, the brand has all but crumbled. Read more here.

4. 🚫 Walmart Ditched X

Walmart is the latest brand to pull their advertising from X after a bunch of controversy from Elon Musk, including telling fleeing advertisers to “Go f*** yourself.” It seems they’re listening. Read more here.

5. 🏠 Meta Unveiled Language AI

Meta announced a new suite of AI tools that will enable natural communication across languages. Basically, we’re close to having a Universal Speech Translator, which could have huge impact for CEOs like you. Read more here.

Bonus. Stat Of The Day

US investment in DTC brands and “companies at the intersection of e-commerce and consumer products” are down 97% compared to 2021.

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Produced by: @MarketingMax​

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