Trump’s plan to start his own social media platform is doomed to failure, say experts

Summary List Placement Donald Trump’s plan to create a new social media platform is doomed to fail, experts have told Insider, with the former president unlikely to extend his following beyond a dwindling number of his remaining supporters. Kicked off Twitter, Facebook, Instagram, and YouTube after the Capitol riot on January 6, the former president has spent the last few months in the digital wilderness, resorting to issuing press statements via email. Now, says his aide Jason Miller, he’s planning to come roaring back with his own social media network within “about two or three months.” “I do think we’re going to see President Trump returning to social media in… Read More

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These 3 student influencers are earnings thousands of dollars on YouTube by posting videos about exam tips and study hacks

Summary List Placement In 2019, the YouTuber Elliot Choy took a trip to Harvard University and filmed himself walking around campus and quizzing the college’s students as part of a competition. If a student answered all five of his questions correctly, they’d win an iPhone 11. The deciding factor came down to one question: “Which music video on YouTube has the most views?” (The answer is “Luis Fonsi – Despacito ft. Daddy Yankee,” which has 7.2 billion views.) At the time of filming, Choy said he had just $500 in his bank account after spending $2,500 on the two phones and a round-trip flight to Cambridge, Massachusetts, from Nashville, Tennessee. “There’s… Read More

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Legendary investor Bill Miller sold GameStop stock before the short squeeze, missing out on a potential $800 million windfall

Summary List Placement Bill Miller’s fund sold almost all of its GameStop shares before their price rocketed in January. Miller Value Partners’ 1.7 million shares would have been worth over $800 million. The veteran investor’s team dumped 97% of its stake because it hadn’t paid off for years. See more stories on Insider’s business page. Legendary investor Bill Miller’s fund sold virtually all of its GameStop stock before the January short squeeze, missing out on a potential $800 million windfall. Miller Value Partners invested in the video-games retailer in early 2014. It initially bought 1.2 million shares, then boosted its stake to almost 1.7 million shares by the end of… Read More

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Goldman Sachs is hiring up to 300 engineers in its consumer business after product sprints triggered burnout and a tech exodus

Summary List Placement Goldman Sachs’s consumer business plans to hire an additional 200 to 300 engineers this year to reduce the workload on the unit’s current employees, the firm has told Insider.  The new hires would add to a consumer technology team that numbers roughly 1,000 people, or about 40% of the unit’s 2,500 employees, Andrew Williams, a Goldman spokesman, said earlier this week.  The new hires are on top of roughly 100 engineers that Goldman hired for the consumer business over the past five months, Williams said. Dozens of technology specialists have already accepted offers or begun onboarding. The bank also signed a contract this month to bring on… Read More

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Elon Musk took a swipe at Bill Gates and Microsoft Zune with an edited version of an anti-vaccination cartoon

Summary List Placement Tesla CEO Elon Musk used an anti-vaccine political cartoon to take a swipe at Bill Gates and the Microsoft Zune.  Musk tweeted an edited version of a cartoon, originally created by conservative artist Ben Garrison, depicting an illustrated version of the Microsoft cofounder. Musk deleted the tweet about two hours later, after it had been shared more than 5,000 times.  The original cartoon carried the title “The Plannedemic.” It appeared to show Gates leaning over a step-by-step plan for instilling fear with the coronavirus pandemic and eventually launching a “Mandatory Vaccine Rollout.” In the edited version shared by Musk, the vaccine rollout has been moved forward in… Read More

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A hedge fund chief who oversees $1.7 billion warns the stock market’s ‘egregious’ valuations being fueled by the flood of government stimulus could see a meltdown later this year — and says inflation will be worse than expected

Summary List Placement For now, Mark Yusko likes where the stock market is sitting. Don’t mistake that to mean he’s bullish on its fundamentals. For the most part, at least, he isn’t. Rather, it’s simply difficult for the Morgan Creek Capital hedge fund manager, who oversees $1.7 billion in assets, to be bearish in a system flush with cash amid sizable fiscal and monetary stimulus. But it’s a dangerous road to go down. The high levels of liquidity in markets are inflating stock valuations, he said, and put the market at risk of a steep pullback. “I think valuations for broad equity markets are egregious — worst that they’ve ever… Read More

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Today’s mortgage and refinance rates: April 10, 2021 | Rates stay low

Table of Contents: Masthead StickySummary List Placement  Mortgage and refinance rates are down since last Saturday. Fixed mortgage rates are much lower than adjustable rates today, so you may want a fixed-rate mortgage rather than an ARM. Low rates typically signify a struggling economy, and the coronavirus has hurt the US economy. Christian Wallace, Head of Real Estate Services at Better.com, told Insider that rates will probably stay low for a while in anticipation of a potential fourth wave of coronavirus. A fourth wave could cause more people to stay home for a while, which would hurt the economy. If you aren’t in a rush to buy, don’t worry about… Read More

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A legendary 3,000-year-old ‘lost golden city’ of the Pharaohs has just been discovered in Egypt

Summary List Placement Archaeologists have discovered what is believed to be the largest ancient city ever found in Egypt, hailing the discovery as one of the most important finds since Tutankhamun’s tomb. Dubbed “the lost golden city” by Egyptologist Dr. Zahi Hawass, the site was unearthed near Luxor, home of the Valley of the Kings, which lies 300 miles south of Cairo, the capital of Egypt. The city was known as the Rise of Aten, the archaeology team said. As reported by the Guardian, the team said in a statement: “The Egyptian mission under Dr Zahi Hawass found the city that was lost under the sands. The city is 3,000… Read More

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Remote-work salaries are higher than office-based salaries in some cities, a new study has found

Summary List Placement Many companies are preparing for employees to return to the office at some point this year, but that approach is by no means universal. The deadly impact of the COVID-19 pandemic meant office-based workers were forced to rapidly shift to remote models. Now, both employers and employees are seeing the benefits and opportunities that such models can provide and are choosing to run with it over the long term. In some cities, this means more money for employees, a new study has found.   Major organizations including, Spotify, Twitter, and Salesforce are scaling back their office spaces as they transition into permanent flexible-work models. Facebook’s CEO, Mark Zuckerberg,… Read More

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The BBC was accused of broadcasting too much TV coverage of Prince Philip’s death so it set up a complaints page for annoyed viewers

Summary List Placement The BBC has organized a dedicated complaints page for irritated viewers, following accusations that it flooded TV channels with too much coverage of Prince Philip’s death. A statement on the page, which allowed viewers to file their objections via email, read: “We’re receiving complaints about too much TV coverage of the death of HRH Prince Philip, Duke of Edinburgh.” The BBC did not immediately respond to Insider’s request for comment.  The broadcaster’s response to the news of the prince’s death, which broke around noon local time on Friday, involved it clearing its entire program schedule up to 6 p.m. Primetime shows including, the “MasterChef” final and “Gardener’s… Read More

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