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2 mins read

The WarnerMedia executives who gained more power with a massive restructure

Here are the top media and advertising stories from Business Insider for August 13.

Lauren Johnson   


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2 mins read

US stock brokers made $3.8 billion selling customer orders amid the meme-stock craze, with Charles Schwab edging out Robinhood with the most PFOF gains

Last year's windfall from payment for order flow was a 33% gain from the year prior, Bloomberg Inte…

Natasha Dailey   


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3 mins read

Govt not expecting substantial gain from AGR dues in 2020-21

New Delhi, Feb 1 () It may have sought almost Rs 4 lakh crore from telecom and non-telecom companie…

PTI   


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2 mins read

A top Senate Republican credits the Trump tax cuts for June's huge jobs gains and the economy 'roaring back after a virus interlude'

A nonpartisan government scorekeeper partly attributed the fast economic rebound to Biden's stimulu…

Joseph Zeballos-Roig   


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2 mins read

GameStop guru 'Roaring Kitty' says he has $40 million in his portfolio - a 1,100% gain in 3 months

Keith Gill uploaded a screenshot showing he had $19 million in GameStop shares, $8.9 million in bul…

Theron Mohamed   


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6 mins read

Here's how much Uber, Softbank and Tencent can possibly gain from Didi’s IPO — the largest Chinese share sale since Alibaba

China’s ridesharing behemoth, Didi Chuxing, is finally ready to go public after years of speculatio…

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2 mins read

Huileng Tan   


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2 mins read

Carl Icahn netted $1.3 billion from betting against brick-and-mortar shopping malls with an instrument that gained fame in the 2008 crisis

Icahn Enterprises said the profit was a result of a short position on commercial mortgage backed se…

Saloni Sardana   


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2 mins read

Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets

Pershing Square plowed more than $2 billion of the windfall into equities by March 18, before the s…

Theron Mohamed   


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2 mins read

The world's top 20 hedge fund managers posted their biggest gains of the decade in 2019 - and returned $59.3 billion to their investors

The hedge fund sector continued to shrink through 2019 despite the healthy returns. The industry sa…

Ben Winck   


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6 mins read

As Zoom's usage and stock have soared amid the coronavirus pandemic, two of its biggest venture backers have locked in billion-dollar gains

Instead of outright selling the shares they retain in startups after those companies go public, ven…

Troy Wolverton   


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4 mins read

The First 6 Things Every Lottery Winner Should Do

"If you want to retain your wealth, you have to have a certain kind of budget," O'Brien says. "Ask …

Mandi Woodruff   


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1 min read

Twitter stands to gain from Spotify buying SoundCloud

In June Twitter invested $70 million in SoundCloud, according to Recode. At the time, SoundCloud wa…

Alex Heath   


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1 min read

Warren Buffett says proceeds from the GOP tax law made up almost half of Berkshire Hathaway's gain in 2017

In a client note leading up to the letter's release, Morgan Stanley estimated the tax law could boo…

Joe Ciolli   


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2 mins read

Mark Zuckerberg Reaped A $3.3 Billion Gain Last Year From Stock Options

The Associated Press formula calculates an executive's total compensation during the last fiscal ye…

Associated Press   


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1 min read

Reddit announces another big data-sharing AI deal this time with OpenAI

OpenAI and Reddit announced a new partnership on Thursday in a move that will bring the social medi…

Erin Snodgrass   


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3 mins read

Millennial women are about to get richer, report finds

Women could inherit $80 trillion over the next 20 years from older generations, survey says. They a…

Allie Kelly   


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1 min read

Trump Media tumbles 18% after taking the first step towards unlocking early insider stock sales

The Truth Social parent company has filed to allow insiders, such as former president Donald Trump,…

Filip De Mott   


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8 mins read

Wall Street tried getting into higher education. Disaster ensued.

Private equity firms made billions off of higher education. Students were left with worthless degre…

Ryann Liebenthal   


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3 mins read

Why lifestyle creep can cause HIFIs to spend 'every cent they make,' according to a financial planner

Many Americans feel financially insecure and spend a fortune to appear wealthy, a financial planner…

Allie Kelly