The Disney empire was built on 100 years of near implosions

The Walt Disney Company’s massive modern empire is a far cry from the small animation studio Walt Disney and his brother Roy founded in 1923. One hundred years ago, the two brothers took a train from their hometown of Kansas City, Missouri, to Los Angeles, where they worked out of their uncle’s garage before purchasing a tiny studio space on Kingswell Avenue.
Read more: https://www.polygon.com/century-of-disney/23559556/disney-100-year-history?source=Snapzu

Intel shares erase almost all their 2023 gains after poor earnings and a chip glut

The cooling of the semiconductor market is happening faster—and proving colder—than companies might have expected, as chip firms across the board face a tougher market owing to a combination of excess inventory at retailers and a cooling market for consumer electronics.
Read more: https://fortune.com/2023/01/27/intel-q4-earnings-chips-semiconductors-inventory-revenue-tsmc-samsung/?source=Snapzu

Tesla surges above $500 billion market cap as its post-earnings rally helps pare last year's brutal rout

Tesla pushed above a market valuation of $500 billion on Thursday after the EV maker's record quarterly profit fueled a rally that chipped further away at last year's stock plunge. The stock jumped as much as to 11.7% to reach $161.42 a share, propelling the company's market capitalization to $510 billion.
Read more: https://markets.businessinsider.com/news/stocks/tesla-earnings-elon-musk-valuation-500-billion-stock-rally-capitalization-2023-1?source=Snapzu

What is Google doing with its open source teams?

Nothing good – the recent layoffs hit its best and brightest leaders hard
Read more: https://www.theregister.com/2023/01/27/google_open_source/?source=Snapzu

Drug maker paid for “news” story on CBS’s 60 Minutes, doctors’ group alleges

A 13-minute segment on a recent episode of CBS's 60 Minutes appeared to be a news story on Novo Nordisk's weight-loss drug Wegovy but was actually a sponsored promotion, violating federal regulations, according to the nonprofit public health advocacy organization Physicians Committee. The group filed a complaint with the Food and Drug Administration last week, arguing that the segment, which aired on January 1, violates the FDA's "fair balance" requirement. This law requires that drug advertisements give a fair balance to a drug's risks and benefits.
Read more: https://arstechnica.com/science/2023/01/drug-maker-paid-for-news-story-on-cbss-60-minutes-doctors-group-alleges/?source=Snapzu

Amazon's Trickle-Down Monopoly

In this report, Moira Weigel tells the story of a group of hidden intermediaries who have played key roles in making Amazon one of the most powerful corporations in the world, while remaining mostly invisible to customers: third-party (3P) sellers.
Read more: https://datasociety.net/library/amazons-trickle-down-monopoly/?source=Snapzu

DOJ files second antitrust suit against Google, seeks to break up its ad business

The lawsuit targets Google's advertising business and comes after reports that DOJ antitrust chief Jonathan Kanter had been cleared to work on Google.
Read more: https://www.cnbc.com/2023/01/24/doj-files-second-antitrust-lawsuit-against-google.html?source=Snapzu