Wednesday, Jan. 31st

5 Things You Need To Know Today

January 31, 2024

Happy Wednesday CEO!

These 5 things happened while you were growing your empire…

1. 💥 Media Startup Went Bust

The Messenger was supposed to be a new sort of centrist media startup and received millions in funding. Today, less than a year after its launch, it shut down and laid off all its employees. Read more here.

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2. 💃🏽 Universal To Yank TikTok Music

Universal Music Group plans to pull its vast library of music from TikTok tomorrow. It accused TikTok of not paying fair value for their music. Read more here.

3. 🍖 CEOs Grilled By Senate

The CEOs of X, Discord, Meta, Snap, and TikTok attended a Senate hearing today about child safety and fielded some spicy — and also some eye-roll-worthy — questions. Read more here.

4. 💸 Interest Rates Held Steady

The Federal Reserve announced today that interest rates will remain unchanged as inflation falls and consumers remain confident. Some experts say these high rates have helped the inflation factor. Read more here.

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5. 👗 H&M’s CEO Exited

Helena Helmersson is out as the CEO of H&M as the company’s performance lags those of fast-fashion rivals like Shein. The news came with a 12% drop in shares. Read more here.

Bonus. CEO Tip Of The Day

For remote companies especially, team retreats can be a huge boost for team building and morale. Here’s how to plan one.

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