Happy Friday CEO!

While you were busy growing your empire…

1. 📉 WeWork Bankruptcy Coming?

The long-troubled WeWork is reportedly preparing to file for bankruptcy as soon as next week. It’s behind on bond payments and stocks have plunged more than 50%. WeWork is definitely a startup cautionary tale… Read more here.

2. 📺 Disney Snapping Up Hulu

Disney announced today that it will buy Comcast’s stake in Hulu, which will give Disney full ownership. They’re expected to pay $8.61 billion, but it could go higher. This comes as streaming services are raising prices across the board… Read more here.

3. 💰 Interest Rates Kept Steady

The fed announced today they aren’t changing interest rates, and that sent US stocks higher before the close. Meanwhile, bond yields slid. Still, it’s the highest interest rates have been since 2001… Read more here.

4. 🕵️‍♀️ Facebook Named Price For Privacy

Facebook has decided the price of keeping your privacy and going ad-free is $10 per month. It’s being rolled out in the EU in November. However, critics say privacy shouldn’t be a luxury… Read more here.

5. 💋 Walmart Reunited Mean Girls

The buzziest thing in marketing today is an ad from Walmart that reunited the Mean Girls cast, except now they’re the moms of a new generation of teens. It’s a Black Friday ad and shows that 2000s millennial nostalgia is still a safe bet… Read more here.

Produced by: @MarketingMax​

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