Friday, Oct. 13th

No-fluff news for busy CEOs

Hello CEO,

While you were busy growing your empire

1. More Big Deals Incoming

The deal for Microsoft to acquire Activision Blizzard has cleared its last hurdle and it shows that despite efforts from antitrust officials, big tech can indeed get bigger. Experts say this is a signal that the path is cleared for other mergers, even the big players… Read more here.

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2. TikTok Skips Misinfo Crisis?

Warnings have gone out to virtually all large social media platforms to reign in the proliferation of misinformation from the Middle East. However, a new study shows that news content is so scant on TikTok, making it hard to say which platform is the biggest problem. Could it be that the TikTok algorithm doesn’t think people want news?.. Read more here.

3. Meta Celeb Bots Backfire

Meta paid a bunch of celebrities like Padma Lakshmi and Paris Hilton to create AI chatbots with their faces, but the results feel pretty creepy. They have familiar faces, but you’re not really chatting with the celebrity — they even have different names. It leaves us wondering what Meta’s goal was… Read more here.

Fellow CEOs Are Using:

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4. Netflix Bets On Theaters

Netflix will be opening physical locations called “Netflix Houses” where people can “play, shop, and eat.” They’ll have interactive experiences, like a Squid Game obstacle course, but it’s unclear if they’ll play Netflix shows. This could be the evolution of movie theaters in action… Read more here.

5. Amazon Pulls Off Prime Punch

The first October Prime Big Deals Days is over and totally outpaced a similar event from Amazon last fall. It signals a strong start to the holiday shopping season, but experts warn consumers are tightening their wallets this season and are likely to spend less per gift due to inflation and student loan repayments… Read more here.

Bonus. Stat Of The Day

The average Netflix subscriber spends 3.2 hours per day on the platform — that’s some 6 billion collective hours every month.

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Produced by: @MarketingMax
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Thanks for being an important part of my journey 🙂 

Frud