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The Fund is an actively-managed exchange-traded fund (ETF) that will invest under normal circumstances primarily in domestic equity securities of companies that are relevant to the Funds investment theme of 5G enabled opportunistic investing. The Adviser defines 5G enabled opportunistic investing as investing in companies that, in the Advisers opinion, best leverage the proliferation of 5G internet and cloud-based products and services. Investments may include, but are not limited to, companies focusing on artificial intelligence and machine learning, robotic and smart manufacturing, cryptocurrency and digital payments, electric vehicles and self-driving vehicles, preventative health and remote surgery, and big data and data security. The Fund will not directly invest in cryptocurrency and does not currently intend to invest in any entity whose primary business purpose is to provide exposure to cryptocurrency but may have indirect exposure by investing in companies with exposure to cryptocurrency.

Verizon Communications, Inc.

Apple Inc

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Robinhood Markets Inc - A

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Nvidia Corp.

Comfort Systems USA Inc.

Procter & Gamble Company

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TIME INTERCONNECT TECH by TIME INTERCONNECT TECHNOLOGY LTD

TIMEE INC by TIMEE INC.

Time New Bank

Time Out Group PLC

TIMELESS RES HLDGS LTD by TIMELESS RES HLDGS LTD.

Timeless Resources Holdings Ltd

TIMES PROPERTY HLDGS ORD by Times Property Holdings Ltd.

Times China Holdings Ltd

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Perplexity AI&#8217;s revenue and usage <a href="https://www.benzinga.com/news/24/06/39405916/jeff-bezos-vision-inspires-perplexity-ai-ceo-as-he-takes-on-google-search-one-thing-ive-done-is">has grown 700% </a>since the start of the year after the artificial-intelligence tech startup closed a new $250 million round of funding. 
The AI-powered search engine said it answered about 250 million questions in the last month, up from 500 million queries for all of last year, the Financial Times <a href="https://www.ft.com/content/87af3340-2611-4650-9ae3-036927e9f65c">reported</a>.
San Francisco-based Perplexity, which was founded by former Google intern Aravind Srinivas, uses AI software to answer questions by taking information from the Internet in &#8220;real time,&#8221; the company said.
The company, which saw annualized revenue grow from $5 million to $35 million since the beginning of the year, is changing its business model from subscriptions to advertising to compete with search ads giant Google, which is owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Read Also:<a href="https://www.benzinga.com/news/24/06/39265048/jeff-bezos-backed-perplexity-ceo-criticizes-googles-ad-heavy-model-it-ended-up-going-the-same-path-a"> Jeff Bezos-Backed Perplexity CEO Criticizes Google&#8217;s Ad-Heavy Model: &#8216;It Ended Up Going The Same Path As Yahoo&#8217;</a>
Perplexity investors include AI chipmaker Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Amazon founder Jeff Bezos, OpenAI co-founder Andrej Karpathy and Meta Platform Inc.'s chief AI scientist Yann LeCun.
 Perplexity's revenue has come mostly from consumer and enterprise subscriptions, but it recently said it would bring advertising on to its platform by the end of September. 
It will split a "double-digit" percentage of its revenues on every sponsored article with cited news publishers that include Time, Der Spiegel and Fortune, chief business officer Dmitry Shevelenko told FT.
Forbes and Wired accused Perplexity of plagiarism in June, saying the AI startup reproduced stories without clear attribution and scraped websites that had explicitly blocked its crawlers. 
Shevelenko acknowledged the allegations and said the company has modified its user interface to make citations more prominent and ensure its responses do not summarize any websites, according to FT.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/04/38398735/jeff-bezos-backed-perplexity-ai-is-now-a-unicorn-after-latest-fundraise-softbanks-masayoshi-son-nvid">Jeff Bezos-Backed Perplexity AI Is Now A Unicorn After Latest Fundraise: SoftBank&#8217;s Masayoshi Son, Nvidia &#8216;Doubled Down&#8217; On Support</a></li>
</ul>
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Perplexity AI's Revenue, Usage Skyrocket As It Enters Into Advertising

Since 1927, TIME magazine has awarded a person or persons the annual title of TIME Person of the Year. Here's a look at who could win the honors for 2023, which comes a year after Ukrainian president Volodymyr Zelenskyy <a href="https://www.benzinga.com/news/22/12/30002142/zelenskyy-is-time-person-of-the-year-beating-elon-musk-xi-jinping-janet-yellen-for-proving-courage-c">took home the honors.</a>
This year's shortlist and potential winner could ruffle some feathers given the controversies surrounding several candidates.
What Happened: Each year, TIME puts together <a href="https://www.benzinga.com/news/22/03/26413667/34-public-companies-that-made-times-100-most-influential-for-2022-amc-disney-ford-and-more">top 100 lists </a>and names the Person of the Year.
On Monday, the company <a href="https://time.com/6341947/person-of-the-year-2023-shortlist/">announced </a>its shortlist for Person of the Year 2023, which includes the following candidates.
Hollywood Strikers: The year 2023 saw a<a href="https://www.benzinga.com/general/entertainment/23/07/33223353/double-strike-in-hollywood-actors-and-writers-unite-in-work-stoppage"> strike in Hollywood</a> by both actors and writers, marking the first time both groups have been on strike simultaneously in over six decades. The Writers Guild of America and the Screen Actors Guild fought for a new contract that included clarity on the use of artificial intelligence by media companies and royalties from streaming deals.
Xi Jinping: The president of China is now in a third term and one of the most powerful leaders in the world. Controversy comes to Jinping with relations with the U.S. and international relations with Taiwan. Jinping has been on the Time 100 list several times and was the runner-up for the 2017 Person of the Year award.
Taylor Swift: The musician has been one of the most talked about people in 2023 and was recently named <a href="https://www.benzinga.com/general/entertainment/23/11/36031768/taylor-swift-dominates-2023-named-spotifys-top-artist-with-26-1-billion-streams-a-look-at-t">the most streamed artist</a> for the year on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). In November 2022, demand for Swift's now record-breaking Eras Tour crashed the Ticketmaster website and led to a huge storyline for the ticket-selling website's parent company Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>). A deal for her concert film from the Eras Tour also broke records at the box office and could be a profit driver for AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>).
Sam Altman: The CEO of OpenAI and his company have been <a href="https://www.benzinga.com/news/23/03/31266515/5-things-you-might-not-know-about-openai-founder-sam-altman-doomsday-prepper-donald-trump-critic-and">among the top news</a> items of the last 12 months. The ChatGPT parent company got <a href="https://www.benzinga.com/news/23/01/30526359/microsoft-forges-10b-investment-deal-with-chatgpt-maker-openai-bloomberg">$10 billion in funding</a> from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and kicked off increased interest of artificial intelligence.
Donald Trump Prosecutors: The former president <a href="https://www.benzinga.com/news/23/06/32789978/donald-trump-becomes-first-president-in-history-to-face-federal-charges">became the first president</a> in history to face federal charges. Over time, Donald Trump has now been charged in four cases with over 90 charges against him. Charges related to classified documents, election interference and business records make multiple court dates <a href="https://www.benzinga.com/government/23/08/33860911/trumps-jam-packed-court-calendar-will-legal-battles-derail-2024-white-house-campaign">on Trump's calendar</a> during his run for president in the 2024 election.
Barbie: The Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>)-owned toy brand hit the big screen with a movie adaptation that <a href="https://www.benzinga.com/general/entertainment/23/07/33351922/barbie-oppenheimer-set-box-office-records-its-the-first-top-10-weekend-missing-this-key-ing">broke records</a>. The movie <a href="https://www.boxofficemojo.com/year/2023/?ref_=bo_yl_table_1">grossed </a>$636.2 million domestically and $1.44 billion worldwide, ranking as the top movie for 2023 for both categories. The movie also ranks 11th and 14th all-time for box office domestically and worldwide, respectively.
Vladimir Putin: The Russian president is on the shortlist and may make the list controversial in 2023 given his current role in the invasion of Ukraine. A rebellion by the Wagner group that was fought off is listed as an item that showed Putin's influence in the country and European region. Putin previously won Person of the Year in 2007 and was on the TIME 100 list in 2022.
King Charles III: The death of Queen Elizabeth II <a href="https://www.benzinga.com/news/22/09/28800770/queen-elizabeth-ii-dies-at-age-96-looking-at-legacy-of-longest-reigning-british-monarch-her-wealth-f">saw Charles ascend </a>to the throne in the U.K. The move comes after Elizabeth served as the head role for the Royal Family for 70 years.
Jerome Powell: The chairman of the Federal Reserve <a href="https://www.benzinga.com/government/21/06/21589003/5-things-you-might-not-know-about-federal-reserve-chair-jerome-powell">is a key figure</a> in the world of finance and with items such as high inflation, he has been more closely monitored. Powell was on the TIME 100 list in 2019 and 2020.
The winner will be announced Wednesday morning by TIME.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24568117/elon-musk-named-times-2021-person-of-the-year">Elon Musk Named TIME&#8217;s 2021 Person Of The Year </a>
Why It's Important: The inclusion of Putin and Jinping on the list could be controversial given the relations with the U.S. Including the Trump prosecutors could also be controversial as it involves charges against a former president.
According to TIME, the Person of the Year is awarded to the person who was the biggest figure in the last year, both good or bad.
"TIME's annual selection of the individual, group, or concept that has had the most influence on the world throughout the previous 12 months," the magazine said.
In the past TIME has named several controversial world leaders as the Person of the Year including Adolf Hitler in 1938 and Joseph Stalin in 1939 and 1942.
In 2019, TIME introduced Entertainer of the Year and Athlete of the Year as subset categories. The media company also introduced an online poll for the public to select a winner, with Zelenskyy winning both the magazine and public award in 2022.
The list has included every president of the U.S. since the award began except for Calvin Coolidge, Herbert Hoover and Gerald Ford.
Elon Musk, Mark Zuckerberg and Jeff Bezos are among the business names to win the top award with Steve Jobs notable absent from winning the annual Person of the Year.
Read Next: <a href="https://www.benzinga.com/news/23/11/35546444/ai-crowned-2023s-word-of-the-year-nudges-out-greedflation-deinfluencing">AI Crowned 2023's Word Of The Year</a>
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TIME Person Of The Year 2023 Nominees: Taylor Swift, Sam Altman, Barbie And... Vladimir Putin

Among the hottest topics of 2023 has been the rise of artificial intelligence (AI), especially since the valuations of public and private companies involved in the sector<a href="https://www.benzinga.com/topic/artificial-intelligence"> have surged</a>.
A new list highlights the top 100 people in the field and it includes some recognizable names. Here are some highlights.
What Happened: Well-known for its annual lists of the<a href="https://www.benzinga.com/markets/cryptocurrency/22/05/27394979/10-names-on-time-100-list-that-connect-to-public-companies-including-tim-cook-andy-jassy-a"> top 100 influential people</a> and<a href="https://www.benzinga.com/news/22/03/26413667/34-public-companies-that-made-times-100-most-influential-for-2022-amc-disney-ford-and-more"> top 100 influential companies,</a> TIME has released its inaugural TIME 100 AI list of the top names in the artificial intelligence sector.
The list of 100 names is broken down across the categories of leaders, innovators, shapers and thinkers.
&ldquo;At this critical moment of exceptional growth and advancement in AI, we are proud to reveal the first-ever TIME 100 AI list to recognize the individuals leading AI innovation, including those advancing major conversations to promote equity in AI,&quot; TIME CEO Jessica Sibley said.
TIME <a href="https://www.benzinga.com/pressreleases/23/09/n34314465/time-reveals-inaugural-time100-ai-list-of-the-worlds-most-influential-people-in-artificial-intelli">sought</a> nominations from industry leaders and experts. The final <a href="https://time.com/collection/time100-ai/">list </a>includes 43 CEOs, including those of several publicly traded companies. Here&rsquo;s a breakdown of some of the most recognizable names.
Related Link: <a href="https://www.benzinga.com/news/23/08/34026737/heres-how-much-nvidia-ceo-jensen-huang-has-seen-his-wealth-increase-in-2023">Here&#39;s How Much Nvidia CEO Jensen Huang Has Increased His Wealth By In 2023&nbsp;</a>
Public Companies: Investors would be wise to take note of which companies the following executives are with:
<ul>
<li>Demis Hassabis (Leaders): CEO, co-founder Google DeepMind, a unit of Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>)(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)</li>
<li>Robin Li (Leaders): CEO, co-founder Baidu Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>)</li>
<li>Lila Ibrahim (Leaders): COO DeepMind</li>
<li>Elon Musk (Leaders): CEO <a href="https://www.benzinga.com/news/23/07/33202228/elon-musk-quietly-launches-xai-amid-bid-to-decode-universe">X.AI,</a> CEO Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>)</li>
<li>Alex Karp (Leaders): CEO, co-founder Palantir Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>)</li>
<li>Sandra Rivera (Leaders): General Manager of Data Center &amp; Ai Group Intel Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>)</li>
<li>Jaime Teevan (Leaders): Chief Scientist Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>)</li>
<li>Kevin Scott (Leaders): CTO, Executive Vice President of AI Microsoft</li>
<li>Jensen Huang (Leaders): CEO, co-founder NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>)</li>
<li>Clara Shih (Leaders): CEO Salesforce AI, a unit of Salesforce Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>)</li>
<li>Pushmeet Kohli (Thinkers): VP of Research DeepMind</li>
<li>Yann LeCun (Thinkers): Chief AI Scientist Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>)</li>
<li>Kalikia Bali (Thinkers): Principal Researcher, Microsoft Research India</li>
<li>Shakit Mohamed (Thinkers): Research Director Google DeepMind</li>
<li>James Manyiak (Shapers): Senior VP, Research Technology &amp; Society Google</li>
</ul>
Private Companies and Other Notable Names: Several of the largest private AI companies are also well represented. OpenAI, the parent company of ChatGPT, saw a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30527688/microsoft-ramps-efforts-to-build-ai-supercomputer-with-chatgpt-ahead-of-q2-earnings">$10 billion investment </a>from Microsoft is well represented.
Anthropic, which is backed by the likes of Nvidia, Cathie Wood<a href="https://www.benzinga.com/general/entertainment/23/05/32192147/ashton-kutcher-says-companies-not-investing-in-ai-will-go-out-of-business-and-hes-putting-h"> </a><a href="https://www.benzinga.com/general/entertainment/23/05/32192147/ashton-kutcher-says-companies-not-investing-in-ai-will-go-out-of-business-and-hes-putting-h">and Ashton Kutcher</a>, and Hugging Face, which is <a href="https://www.benzinga.com/news/23/08/34042661/nvidia-backed-open-source-ai-startup-reaches-4-5b-valuation-with-tech-titans-support">backed by some </a>of the largest technology companies, also highlight the private companies on the list. Others include:
<ul>
<li>Sam Altman (Leaders): CEO, co-founder OpenAI</li>
<li>Clement Delangue (Leaders): CEO, co-founder Hugging Face</li>
<li>Reid Hoffman (Leaders): Investor</li>
<li>Andreessen Horowitz (Leaders): Investor</li>
<li>Greg Brockman (Leaders): President, co-founder OpenAI</li>
<li>Aidan Gomez (Leaders): CEO, co-founder Cohere</li>
<li>Ted Chiang (Innovators): writer, author of &ldquo;Story of Your Life,&rdquo; which was the basis of the movie &ldquo;Arrival.&rdquo;</li>
<li>Charlie Brocker (Innovators): TV writer, producer, creator of &ldquo;Black Mirror&rdquo;</li>
<li>Grimes (Innovators): musician,<a href="https://www.benzinga.com/general/entertainment/23/04/31973272/grimes-rhymes-musks-ex-wants-you-to-share-her-profits-in-ai-music-project"> innovating AI use in music</a></li>
<li>Anna Makanju (Shapers): VP of Global Affairs OpenAI</li>
<li>Omar Al Olama (Shapers): Minister of AI United Arab Emirates</li>
<li>Eric Schmidt (Shapers): Co-founder Schmidt Futures, former Google CEO (2001 to 2011)</li>
<li>Anna Eshoo (Shapers): U.S. Representative, D-CA</li>
<li>Ted Lieu (Shapers): U.S. Representative, D-CA</li>
<li>Ilya Sutskever (Thinkers): Chief Scientist, co-founder OpenAI</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/23/03/31266515/5-things-you-might-not-know-about-openai-founder-sam-altman-doomsday-prepper-donald-trump-critic-and">5 Things You Might Not Know About OpenAI Founder Sam Altman&nbsp;</a>
Image: Time

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Elon Musk, Sam Altman, Grimes, Jensen Huang Are Among Time Magazine's Top Artificial Intelligence Voices

American author&nbsp;Walter Isaacson&nbsp;has shadowed Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk&nbsp;over the last three years and written his biography. The book is set to be released later this month.&nbsp;
In a new excerpt from the biography, Isaacson shares&nbsp;details of Musk&#39;s relationship with Neuralink director Shivon Zilis, with whom he quietly<a href="https://www.benzinga.com/news/22/08/28659656/musk-had-twins-with-neuralink-executive-shivon-zilis-through-ivf-report">&nbsp;fathered twins in late 2021</a>.
What To Know: Musk is the known father of nine children. His kids have several different mothers and have often been kept from the public eye. Musk&#39;s twins are the latest children to be unveiled to the world.&nbsp;
Isaacson shared a photo of Musk and Zilis with the twins in a&nbsp;<a href="https://twitter.com/WalterIsaacson/status/1699400177839210591">X post</a> on Wednesday and included&nbsp;an excerpt from his book that ran in&nbsp;<a href="https://time.com/6310076/elon-musk-ai-walter-isaacson-biography/">Time</a>&nbsp;on Musk&#39;s struggles with artificial intelligence.&nbsp;
In the excerpt, Isaacson recalls the day Musk invited&nbsp;him to Zilis&#39; house for a chat where he captured the photo of the twins.&nbsp;
&quot;This past March, Musk texted me, &#39;There are a few important things I would like to talk to you about. Can only be done in person,&#39;&quot; Isaacson wrote.&nbsp;
&quot;He said we should leave our phones in the house while we sat outside, because, he said, someone could use them to monitor our conversation. But he later agreed that I could use what he said about AI in my&nbsp;book.&quot;
Musk then pondered what could be done to make AI safe, including actions that could be taken to &quot;assure that human consciousness survives.&quot;
&quot;The amount of human intelligence, he noted, was leveling off, because people were not having enough children. Meanwhile, the amount of computer intelligence was going up exponentially, like Moore&rsquo;s Law on steroids,&quot; Isaacson said in the excerpt.
&quot;For a moment I was struck by the oddness of the scene. We were sitting on a suburban patio by a tranquil backyard swimming pool on a sunny spring day, with two bright-eyed twins learning to toddle, as Musk somberly speculated about the window of opportunity for building a sustainable human colony on Mars before an AI apocalypse destroyed earthly civilization.&quot;
Musk and Zilis conceived the children via in vitro fertilization and do not have a romantic relationship, per <a href="https://www.benzinga.com/news/22/08/28659656/musk-had-twins-with-neuralink-executive-shivon-zilis-through-ivf-report">reports</a>.&nbsp;
Check This Out:&nbsp;<a href="https://www.benzinga.com/news/23/09/34296554/elon-musk-thought-twitter-needed-a-fire-breathing-dragon-before-he-seized-control-in-a-ruthless-play">Elon Musk Thought Twitter Needed &#39;A Fire Breathing Dragon&#39; Before He Seized Control In A &#39;Ruthless&#39; Play, Biography Reveals</a>
Why It Matters: Musk has a track record of unusual child reveals following&nbsp;periods of secrecy.
In a surprise reveal last year,&nbsp;Grimes,&nbsp;whose real name is&nbsp;Claire Boucher,&nbsp;disclosed that&nbsp;she and Musk&nbsp;secretly birthed their&nbsp;second child&nbsp;together.
Vanity Fair discovered the news during an interview for <a href="http://www.vanityfair.com/style/2022/03/grimes-cover-story-on-music-and-mars">a cover story</a> in&nbsp;the magazine&#39;s April 2022 issue.
The Vanity Fair reporter&nbsp;heard the&nbsp;cries of an infant upstairs shortly after arriving at Grimes&#39; house for the&nbsp;interview, which prompted the singer to reveal her daughter.&nbsp;
Grimes also has a son X &AElig; A-12 (nicknamed X) with Musk. She&nbsp;revealed the news of her first pregnancy via an Instagram post showing her belly in January 2020, but Musk wasn&#39;t announced as the father until several months later.&nbsp;
In a now-deleted X&nbsp;post responding to Isaacson&#39;s picture of the twins, Grimes said she was never allowed to see a photo of the children until the moment Isaacson posted the image, &quot; despite this situation utterly ripping my family apart,&quot; she said.&nbsp;
Musk has varying relationships with his children. His oldest&nbsp;applied to have her name changed because she no longer&nbsp;wanted to be related to Musk &quot;in any way, shape or form,&quot; per Reuters.&nbsp;
Musk has said he doesn&#39;t intend to appoint any of his children as successors of his companies or even&nbsp;<a href="https://www.benzinga.com/news/23/05/32582686/elon-musk-has-emergency-plans-in-place-for-his-companies-but-he-left-his-kids-out-of-the-picture">hand over any of his&nbsp;voting shares</a>.&nbsp;
&quot;I am definitely not of the school of automatically giving my kids some share of the companies ... I think that&#39;s a mistake,&quot; Musk said in an&nbsp;interview at the Wall Street Journal&#39;s CEO Council.&nbsp;
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34259986/dogecoin-spikes-2-after-elon-musks-biography-reveals-he-was-quietly-funding-doge">Dogecoin Spikes 2% After Elon Musk&#39;s Biography Reveals He &#39;Quietly Funded&#39; DOGE</a>
Photo:&nbsp;<a href="https://www.flickr.com/photos/163370954@N08/" id="yui_3_16_0_1_1693917451716_319217" rel="author" title="Go to Daniel Oberhaus's photostream">Daniel Oberhaus</a>&nbsp;from Flickr.

Inside Elon Musk's Secret Life: Biography Reveals AI Worries, Photo Of Twins Ignites Family Drama

Former&nbsp;President Bill Clinton&nbsp;<a class="editor-rtfLink" href="https://www.prnewswire.com/news-releases/president-clinton-groundbreaking-cbd-clinical-trial-supported-by-tr-processing-very-encouraging-301584347.html" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">stated</a>&nbsp;Tuesday that&nbsp;the results of a clinical trial on the efficiency and safety of CBD as a treatment for&nbsp;post-operative pain are &ldquo;very encouraging.&rdquo;&nbsp;Clinton is following the research via the&nbsp;Clinton Foundation.
&quot;The&nbsp;Clinton Foundation has worked for years to reduce opioid addiction and deaths,&rdquo; Clinton said. &ldquo;To succeed, we need non-addictive alternatives to pain management. The results of the trial conducted by NYU Langone, with TRP&#39;s CBD ingredient, are very encouraging&nbsp;and I&#39;m eager to see the results of the next round.&quot;
A botanical-derivative producer,&nbsp;TR Processing LLC, confirmed Tuesday it has been a CBD supplier to Orcosa Inc. which created Oravexx tablet used in NYU Langone Health&nbsp;and&nbsp;Baptist Health/Jacksonville Orthopaedic Institute&#39;s Phase 1/2 clinical trial.
<h3>Clinical Trial Highlights&nbsp;</h3>
The&nbsp;<a class="editor-rtfLink" href="https://nyulangone.org/news/tablet-containing-cannabidiol-shows-promise-reducing-postoperative-pain" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">clinical trial</a>&nbsp;focused on&nbsp;examining CBD safety and its effect on postoperative pain,&nbsp;patient satisfaction and opioid consumption,&nbsp;post arthroscopic rotator cuff repair surgery.
The trial had 99 participants between the ages of 18 and 75 divided into two groups &ndash; one receiving &ldquo;buccally absorbed CBD,&rdquo; and the other control group placebo treatment. A day after surgery, patients receiving CBD showed on average&nbsp;23% less pain, compared to the placebo group, and a 22% to 25% greater level of satisfaction with pain control. There were no important side effects disclosed.
&quot;We are committed to supporting the study and responsible commercialization of isolated cannabinoids, including CBD,&quot; said&nbsp;Chris Kanaley, chief strategy officer at TRP. &quot;Tackling opioid abuse and addiction through the development of safer pain management alternatives is the first of many potential uses of our unique processing platform, and we are enthusiastic about the future. Our work has tremendous potential to become precision medicine at its best.&quot;
Kevin Kaplan, M.D., FAAOS, orthopedic surgeon and head team physician for the Jacksonville Jaguars, led the trial for Baptist Health/Jacksonville Orthopaedic Institute and helped guide the research. Kaplan said he&nbsp;was pleased about their collaboration with TRP.
&ldquo;We performed an exhaustive search looking for a manufacturer that could provide consistent and quality raw ingredients while acknowledging the strict standard under which the FDA and pharmaceutical industry operate,&rdquo; Kaplan said. &ldquo;We found that in TRP and thank them for their support.&rdquo;
<h3>Clinton &amp; Marijuana&nbsp;</h3>
Some 30 years ago, then-Arkansas Governor Clinton publicly admitted he had tried weed in his 20s, while he was at the University of Oxford.
&nbsp;&ldquo;I&rsquo;ve never broken a state law,&rdquo; he said at a candidates&rsquo; forum, as reported by&nbsp;<a class="editor-rtfLink" href="https://time.com/4711887/bill-clinton-didnt-inhale-marijuana-anniversary/" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Time</a>. &ldquo;But when I was in England I experimented with marijuana a time or two, and I didn&rsquo;t like it. I didn&rsquo;t inhale it, and never tried it again.&rdquo;
Furthermore, in 2000, just before leaving the office, he&nbsp;<a class="editor-rtfLink" href="https://www.rollingstone.com/politics/politics-news/bill-clinton-the-rolling-stone-interview-2-40256/" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">told Rolling Stone</a>&nbsp;that small amounts of cannabis should be decriminalized, just like they are in some places.
What is the stance of the current U.S. Presidential administration? There are new signals in this direction, especially now when so many states have already legalized cannabis either for medical or recreational purposes or both, and each year more and more Americans seem to be&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cannabis/21/11/23896436/gallup-poll-vast-majority-of-americans-support-cannabis-legalization-again" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">backing legalization</a>. Furthermore, the country is desperate in finding ways to deal with a major overdose crisis.&nbsp;&nbsp;
<h3>Opioid Crisis Is Real</h3>
As per the data from the Centers for Disease Control and Prevention, just last year more than 100,000 Americans died of a drug overdose, and about 1 million lost their lives to overdose over the last 20 years. The alarming crisis also impacts the U.S. economy, as per some estimates about $1 trillion per year.
Last October, the Biden administration signaled it is considering embracing once&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cannabis/21/10/23735041/biden-administration-embraces-once-taboo-strategies-to-stem-alarming-opioid-overdose-crisis" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">taboo strategies</a>&nbsp;to stem the opioid crisis. Secretary of Health and Human Services (HHS) Xavier Becerra&nbsp;revealed the Biden administration&rsquo;s strategy to deal with the epidemic, which could include allowing supervised consumption sites.
This June the administration confirmed it will consider safe consumption sites and cannabis decriminalization to address the public health emergency.&nbsp;
The Biden administration will prioritize &ldquo;harm reduction&rdquo; as a response to drug abuse while examining information on marijuana legalization and safe injection sites,&nbsp;White House drug czar, Dr. Rahul Gupta&nbsp;said last month.&nbsp;
&ldquo;For the first time in history, the federal government is embracing the specific policies of harm reduction,&rdquo; Gupta told the&nbsp;<a class="editor-rtfLink" href="https://www.ft.com/content/22d569a2-f57f-4931-a079-b25197d13de4" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Financial Times</a>.&nbsp;
As for marijuana legalization, Gupta noted that the White House position should be based on science by analyzing the experiences of the 19 states in the US that have already legalized adult use.
&nbsp;&ldquo;We&rsquo;re learning from those states. We&rsquo;re monitoring the data and trying to see where things go,&quot; Gupta said. &quot;But one thing is very clear, and the president has been clear about that.&nbsp;The policies that we&rsquo;ve had around marijuana have not been working.&rdquo;
Photo: Benzinga; Sources: Bill Clinton - by annulla via Wikimedia Commons; CBD by CBD-Infos-com via Pixabay 
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Bill Clinton Says CBD Shows Promising Results As Alternative To Opioids For Pain Management

A list of the top 100 most influential companies highlighted four companies that have their hands in the fast-growing non-fungible token and metaverse markets. Here&rsquo;s a look at the four names on the list.
What Happened: Time, a leading magazine and digital media outlet, <a href="https://www.prnewswire.com/news-releases/time-reveals-its-2022-list-of-the-time100-most-influential-companies-in-the-world-301513777.html">named </a>the 100 most influential companies last week. Among the 100 names were<a href="https://www.benzinga.com/news/22/03/26413667/34-public-companies-that-made-times-100-most-influential-for-2022-amc-disney-ford-and-more"> 34 publicly traded companies</a>. The <a href="https://time.com/collection/time100-companies-2022/">list </a>broke companies down into the categories of pioneers, titans, leaders, innovators and disruptors.
Among the pioneers were four companies related to NFTs and the metaverse.
Opensea: Leading NFT marketplace OpenSea made the list thanks to &ldquo;fueling the NFT frenzy.&rdquo; OpenSea had $14 billion in transactions in 2021, making it the most popular marketplace for NFTs.
&ldquo;It&rsquo;s possible that one day, nearly everything we own will be accounted for on the blockchain,&rdquo; OpenSea co-founder Devin Finzer said.
OpenSea has over one million users and could bring even more to the platform. The company, which is primarily focused on NFTs built on the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) blockchain <a href="https://www.benzinga.com/markets/cryptocurrency/22/03/26362631/opensea-announces-solana-nfts-coming-soon-here-are-the-details-and-timeline">announced </a>that Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) NFTs will be coming to OpenSea in April.
The Sandbox: Virtual world company The Sandbox, which is owned by Animoca Brands, was named to the list by Time. The magazine calls the company a pioneer of the digital world, with hundreds of partnerships with brands and celebrities. Virtual land <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24486183/want-to-own-land-in-the-metaverse-record-sales-happening-as-interest-picks-up">sold </a>in The Sandbox, which also has its own namesake token called The Sandbox (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sand/usd">SAND</a>), has passed $2 billion.
Over two million people are registered on The Sandbox.
Rec Room: Social virtual reality company Rec Room makes the list as &ldquo;a virtual playground.&rdquo; Time reports that 37 million people use the app to create and share games and experiences in the metaverse.
&ldquo;The platform has become a place where people can come together to form meaningful connections, build communities, and share their creativity,&rdquo; Rec Room CEO Nick Fajt said.
Together Labs: Named to the list for being a leader in &ldquo;metaverse money,&rdquo; Together Labs is a company known for digital currency transactions. The company <a href="https://venturebeat.com/2021/01/25/imvu-relaunches-as-together-labs-raises-35-million/">launched </a>VCoin in January 2021 thanks to an SEC ruling on virtual world payments in cryptocurrency.
Together Labs <a href="https://venturebeat.com/2022/01/27/together-labs-launches-metajuice-for-nft-games-and-apps/">launched </a>a new division called MetaJuice in January 2022 to grow the gaming and app segments on the blockchain. The division will allow people the ability to create, earn and own the metaverse.
Related Link: <a href="https://www.benzinga.com/how-to-buy-nfts">How To Buy NFTs&nbsp;</a>
Why It&rsquo;s Important: Time has been a growing media brand for the NFT and metaverse divisions. The company launched TimePieces, a collection of NFTs with partners. The company also launched Time Studios, a new media company that will bring NFTs to movies and shows.
Time <a href="https://www.benzinga.com/markets/cryptocurrency/21/11/24275157/robotos-launches-animated-television-series-based-on-nfts-what-you-should-know">signed </a>deals with Robotos, Toy Boogers and other NFTs for new animated series.
Time has also announced that it will begin accepting ApeCoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">APE</a>), a token with <a href="https://www.benzinga.com/markets/cryptocurrency/22/03/26175548/apecoin-launched-here-are-the-details-and-how-to-get-it">connections </a>to the Bored Ape Yacht Club and Yuga Labs ecosystem, for payments of its magazine subscriptions.
The inclusion of NFT and metaverse companies on the list of top influential names could help showcase the growth of the segments and the potential of long lasting growth versus what many people think will happen, a bubble that will soon burst.

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4 NFT And Metaverse Companies On Time's 100 Most Influential List: The Sandbox, OpenSea And More

Time announced this week its annual 100 Most Influential&nbsp;Companies list. Here&rsquo;s a look at the publicly traded companies that made the list.
What Happened: The <a href="https://time.com/collection/time100-companies-2022/">2022 winners </a>were divided into five categories with the Titans category containing the most publicly traded companies of the five groups.
Many of the privately held companies&nbsp;could become publicly traded in the future with Reddit, Impossible Foods and TikTok among the most well-known non-public companies on the list. Parents will also be pleased to hear that Pinkfrog, the company behind &ldquo;Baby Shark&rdquo; also made the list.
Here&rsquo;s a look at the public companies on the list divided by categories and included with the tagline Time attributed to best describe the reason for inclusion.
Pioneers:
<ul>
<li>IonQ Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ionq#NYSE">IONQ</a>): Going quantum</li>
</ul>
Titans:
<ul>
<li>Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>): The everything company</li>
<li>Pfizer Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>): Reducing risk</li>
<li>United Parcel Service Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>): Shipping success</li>
<li>Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>)(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>): Silicon Valley standout</li>
<li>Capital One Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cof#NYSE">COF</a>): Fewer fees</li>
<li>United Airlines Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>): Leading the Fleet</li>
<li>Ford Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>): Electrifying everything</li>
<li>IBM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>): Taking climate into account</li>
<li>Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>): Mainstreaming the metaverse</li>
<li>Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>): Game on</li>
<li>Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>): Flexing its muscles</li>
<li>Walmart Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>): Investing in workers</li>
<li>NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>): Powering tech&rsquo;s evolution</li>
<li>BYD Co (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>): Charging up China</li>
<li>Walt Disney Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>): Relaxing restrictions</li>
<li>Netflix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>): Expanding viewers&rsquo; horizons</li>
</ul>
Related Link: <a href="https://www.benzinga.com/markets/cannabis/22/03/26370217/curaleaf-among-times-100-most-influential-companies-in-the-world">Curaleaf Among Time&#39;s 100 Most Influential Companies In The World&nbsp;</a>
Leaders:
<ul>
<li>Spotify Technology (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>): Playing the hits</li>
<li>Airbnb Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>): Offering shelter</li>
<li>Alaska Air Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>): Cleaning up air travel</li>
<li>Upwork Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upwk#NASDAQ">UPWK</a>): Finding flexibility</li>
<li>Sony Group Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>): Entertaining the world</li>
<li>Nextdoor Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kind#NYSE">KIND</a>): Prompting kindness</li>
<li>Curaleaf Holdings (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>): Growth model</li>
<li>DoorDash Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dash#NYSE">DASH</a>): Delivering relief</li>
<li>Walgreens Boots Alliance (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>): Beyond prescriptions</li>
</ul>
Innovators:
<ul>
<li>Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>): Electric dreams</li>
<li>SoFi Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sofi#NASDAQ">SOFI</a>): New bank on the block</li>
<li>Moderna Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>): Improving access</li>
<li>Allbirds Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bird#NASDAQ">BIRD</a>): Selling sustainability</li>
</ul>
Disruptors:
<ul>
<li>AMC Entertainment Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>): Memestock mastery</li>
<li>Starry Group Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stry#NYSE">STRY</a>): Cheaper broadband</li>
<li>GoodRx Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdrx#NASDAQ">GDRX</a>): Making medicine affordable</li>
<li>Sonder Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sond#NASDAQ">SOND</a>): Ready for departure</li>
</ul>
Why It&rsquo;s Important: The Time list contains a wide range of companies based on name-brand awareness and valuation with some of the largest companies in the world like Apple, Amazon and Nvidia making the list.
The list also highlights several companies that went public over the last 15 months including some by SPAC merger (Sonder, Starry, SoFi, Nextdoor) and others that completed IPOs (Rivian, Allbirds).
Appearing on the list is no guarantee of future success but can help highlight the companies and increase brand awareness and lead to marketing opportunities and better recruiting for job candidates.

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34 Public Companies That Made Time's 100 Most Influential For 2022: AMC, Disney, Ford And More

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Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTCQX">CURLF</a>) has been named on the second annual TIME100 Most Influential Companies list &ndash; an extension of the annual TIME100 list of the world&#39;s most influential people &ndash; that highlights 100 companies making an extraordinary impact around the world.
To assemble the list, TIME solicited nominations from every sector &ndash; ranging from health care and entertainment to transportation and technology &ndash; from its editors and correspondents around the world, as well as from industry experts.
TIME editors then evaluated each one on key factors including relevance, impact, innovation, leadership and success.
The award comes at an inflection point for the industry as proposed cannabis legislation reform once again makes its way through Washington this week, and states like New York and New Jersey move toward opening the adult use market as a result of voter demand, the company said.
&quot;Being recognized as one of the world&#39;s most influential companies by TIME is further confirmation that our work is breaking down the stigma of the plant, building an equitable and exciting industry, launching innovative new products for a wide consumer base and tangibly supporting the communities that we serve,&quot; said Joe Bayern, CEO of Curaleaf US.
<a href="https://www.benzinga.com/markets/cannabis/22/03/26102225/an-american-success-story-cannabis-mogul-boris-jordan-of-curaleaf-meet-our-keynote-speakers">Boris Jordan</a>, the company&rsquo;s executive chairman, will deliver the keynote speech and share his vast knowledge and experience across this booming industry at the upcoming <a href="https://www.eventbrite.com/e/benzinga-cannabis-capital-conference-spring-2022-tickets-212738184637?aff=BenzingaArticles">Benzinga Cannabis Capital Conference</a>, to be held on Apr 20 and Apr 21 at the Fontainebleau Miami Beach Hotel in Florida.
There&#39;s still time to buy tickets <a href="https://www.benzinga.com/events/cannabis-conference/">here</a>. And while you&#39;re at it, have a look at the <a href="https://www.benzinga.com/events/cannabis-conference/speakers/">list</a> of other amazing speakers who will be at the conference. See you in Miami!
Photo: Courtesy of <a href="https://unsplash.com/@daconja?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">David Gabrić</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>
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Curaleaf Among TIME's 100 Most Influential Companies In The World

Non-fungible tokens have risen in interest and value over the last year, with Bored Ape Yacht Club among the most popular and valuable collections.
Here&rsquo;s what one of the <a href="https://www.benzinga.com/money/how-to-buy-ethereum/">Ethereum </a>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) co-founders had to say about the Bored Ape Yacht Club.
What Happened: The rise of <a href="https://www.benzinga.com/how-to-buy-nfts">NFTs </a>has led to a rise in Ethereum&rsquo;s price and use cases.
Ethereum co-founder <a href="https://www.benzinga.com/markets/cryptocurrency/21/09/22811912/5-things-you-might-not-know-about-ethereum-creator-vitalik-buterin">Vitalik Buterin</a> was <a href="https://time.com/6158182/vitalik-buterin-ethereum-profile/">interviewed </a>by TIME in a cover story, labeling him the &ldquo;Prince of Crypto.&rdquo;
In the interview, Buterin said there are increasing dangers with cryptocurrencies,&nbsp;including overeager investors and soaring transaction fees.
&ldquo;Crypto itself has a lot of dystopian potential if implemented wrong,&rdquo; Buterin said.
The Ethereum co-founder went on to take an apparent shot at Bored Ape Yacht Club, an NFT collection that was <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22149211/bored-ape-yacht-club-what-to-know-about-the-hottest-nft-project-around">minted on the Ethereum blockchain </a>in April 2021.
&ldquo;The peril is you have these $3 million monkeys, and it becomes a different kind of gambling.&rdquo;
Buterin said a lot of people are buying yachts and lambos, but he hopes that in the future crypto is used for fair voting systems, urban planning and universal basic income.
&ldquo;If we don&rsquo;t exercise our voice, the only things that get built are the things that are immediately profitable.&rdquo;
Buterin, who has<a href="https://www.benzinga.com/markets/cryptocurrency/22/02/25799146/glory-to-ukraine-russian-born-ethereum-creator-vitalik-buterin-says-very-upset-by-putins-d"> openly supported Ukraine</a> during the invasion of the country by neighbor Russia, highlighted the amount of money raised for the country through crypto, while once again mentioning Bored Apes.
&ldquo;One silver lining of the situation in the last three weeks is that is has reminded a lot of people in the crypto space that ultimately the goal of crypto is not to play games with million-dollar pictures of monkeys, it&rsquo;s to do things that accomplish meaningful effects in the real world,&rdquo; Buterin said in an email to TIME on Mar. 14, 2022.
Related Link:<a href="https://www.benzinga.com/markets/cryptocurrency/22/03/26211188/i-didnt-even-know-who-tom-brady-is-ethereums-vitalik-buterin-described-as-emaciated-versio"> &#39;I Didn&#39;t Even Know Who Tom Brady Is,&#39; Ethereum&#39;s Vitalik Buterin</a>
Why It&rsquo;s Important: Bored Ape Yacht Club is one of the most popular NFT collections and has rewarded its holders over the last year with additional airdrops and the recently <a href="https://www.benzinga.com/markets/cryptocurrency/22/03/26175548/apecoin-launched-by-yuga-labs-here-are-the-details-and-how-to-get-it">launched </a>token ApeCoin (CRYPTO:APE), which BAYC holders were able to claim.
The comments from Buterin could upset some in the crypto community, as it took a shot at a popular NFT collection. Ethereum has enjoyed a lot of success thanks to the rise of NFTs over the last year.
The most expensive Bored Ape transaction on OpenSea was 768 ETH, or around $2.25 million based on the current price of Ethereum.
Rare gold fur Bored Apes have sold for $3.5 million at Sotheby&rsquo;s and over $2.8 million on the LooksRare NFT marketplace.
The floor price on Bored Apes at the time of writing is 102 ETH, or around $298,545. The label of $3 million on pictures of monkeys could be a bit off base, as the majority of the Bored Ape NFTs have traded below this level.
Owners of Bored Ape NFTs and NFT investors and enthusiasts watching from the outside have seen that holding an NFT from the collection has been highly rewarding and likely wouldn&rsquo;t consider it gambling at this point.
Price Action: Ethereum is trading at $2,847.23 at the time of writing.
Photo: Courtesy of&nbsp;<a href="https://www.flickr.com/photos/techcrunch/" id="yui_3_16_0_1_1647449257349_757235" title="Go to TechCrunch's photostream">TechCrunch</a>&nbsp;on Flickr

'The Goal Of Crypto Is Not To Play Games With Million Dollar Pictures Of Monkeys': Ethereum Founder Takes Shot At Bored Ape Yacht Club

Elon Musk &mdash; the tech tycoon and &quot;Technoking&quot; at major electric vehicle manufacturer&nbsp;Tesla Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and SpaceX &mdash; has been named as Time Magazine&#39;s 2021 Person of the Year.
What Happened:&nbsp;Time&nbsp;editor-in-chief and CEO Edward Felsenthal <a href="http://time.com/person-of-the-year-2021-elon-musk-choice/">said</a>&nbsp;the &quot;Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too.&quot;
Felsenthal said&nbsp;Musk&#39;s largest impact was <a href="http://www.benzinga.com/money/how-to-buy-tesla-stock/">Tesla</a>, which in 2021 saw electric cars become mainstream and push&nbsp;the company&#39;s&nbsp;valuation past $1 trillion. &quot;[I]t&rsquo;s a market that Musk almost single-handedly created, seeing long before others the demand for clean-energy transportation that the world&rsquo;s climate crisis would eventually propel,&quot; according to&nbsp;Felsenthal.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21751441/50-facts-and-figures-about-elon-musk-on-his-50th-birthday">50 Facts And Figures About Elon Musk</a>
Musk&#39;s rise purportedly coincides with &quot;the continuing decline of traditional institutions in favor of individuals,&quot; which sees government dysfunction handing over power and responsibility to businesses.
Musk views this change as &quot;steering capital allocation away from the government to those who will be good stewards of it&quot; while some view it as a symptom of capitalism&rsquo;s failings.
TSLA Price Action:&nbsp;Tesla&#39;s stock is trading around $1,017 after seeing its price increase by 1.32% on Friday.
Photo: by&nbsp;Steve Jurvetson on Flickr

Elon Musk Named Time's 2021 Person Of The Year

A fast-rising NFT project announced a collaboration with one of the most well-known magazines of all time in a move that could bring continued validation to the non-fungible tokens space.
What Happened: Cool Cats, an NFT project of 9,999 blue cats that launched earlier in 2021, is collaborating with TIME magazine.
&ldquo;Wow, what a crazy TIME to be alive. We are honored and privileged to announce a limited edition drop with one of the most iconic and well-respected companies out there, TIME magazine!&rdquo; the Cool Cats team said in a blog post.
The partnership comes with the help of TIME magazine President Keith Grossman vocally supporting the Cool Cats and other NFTs. Grossman said&nbsp;cats were in the DNA of TIME and he wanted to collaborate.
&ldquo;This community exudes positivity and optimism,&rdquo; Grossman <a href="https://twitter.com/KeithGrossman/status/1413919622773055493">tweeted</a>. &ldquo;Cool Cats are family friendly and connect cross-generationally, which is important when you have TIME For Kids.&rdquo;
TIME is owned by Marc Benioff, the founder and CEO of Salesforce.com Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>).
Related Link:<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/21942127/are-cool-cat-nfts-the-next-big-thing-what-investors-should-know-about-mike-tysons-new-favo"> Are Cool Cat NFTs The Next Big Thing: What Investors Should Know About Mike Tyson&#39;s New Favorite NFT&nbsp;</a>
Meme Contest, New Cool Cats: As part of the collaboration, a contest is launched where users can submit memes that highlight the partnership. The memes have to be family friendly, and feature no political or religious views.
Memes will be voted on by the Cool Cats team with the eight best getting a new Cool Cat.
A total of 400 new collaboration Cool Cats will be released featuring the four founder cats. One hundred of each of the Elu, Clon, Xtremetom and Lynoid cats will be released.
Eight will go to the meme contest winners and 392 will be raffled off to Cool Cat holders who entered the contest.
Anyone can enter the meme contest but you will have to own a Cool Cat for a chance at the other 392 new Cats. Users are asked to share their Cool Cat ID in the form of CC1234 in their meme posts. Use the hashtag #coolcatsTIME for the posts.
The meme contest runs from August 13 through August 20.
Rising Demand, Valuation: Cool Cats <a href="https://www.coolcatsnft.com/">launched </a>earlier this year with a mint price of 0.02 Ethereum (CRYPTO: ETH) each.
Cool Cats has over 17,000 <a href="https://twitter.com/coolcatsnft?lang=en">followers </a>on Twitter Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) and over 8,700 members in its Discord.
The <a href="https://opensea.io/collection/cool-cats-nft">floor price</a>, or cheapest listing, for Cool Cats is 1.6 ETH at the time of writing, a large return from the mint price. Over 3,700 people own a Cool Cat.
Cool Cats rank fourth in 24-hour transaction value of $3.1 million on <a href="https://www.cryptoslam.io/">CryptoSlam</a>. Cool Cats have had trading volume of $7.3 million in the last seven days, ranking ninth on the list. Over the last 30 days, Cool Cats rank 12th with $18.4 million in volume, up 103% from the previous 30 days.
Cool Cats plans on additional generations launched in the future along with a breeding element. The company recently launched a merch store for Cool Cat holders.

TWTR

Cool Cats NFT Announces Collaboration With TIME Magazine: How You Can Win A Free Cool Cat

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Quote To Start The Day: Behind every great man is a woman rolling her eyes.
Source:<a href="https://www.brainyquote.com/quotes/jim_carrey_379231?src=t_funny&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C"> Jim Carrey</a>
One Big Thing In Fintech: As soon as July, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology, which have been developing prototypes for a digital dollar platform, plan to unveil their research, said James Cunha, who leads the project for the Boston Fed.
Source: <a href="https://www.bloomberg.com/news/articles/2021-03-22/federal-reserve-s-digital-dollar-momentum-worries-wall-street?sref=TBDibEcD&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">Bloomberg</a>
<img src="https://cdn2.hubspot.net/hub/2786381/hubfs/giphy%20(2)-Mar-22-2021-09-48-02-40-PM.gif?upscale=true&amp;width=800&amp;upscale=true&amp;name=giphy%20(2)-Mar-22-2021-09-48-02-40-PM.gif" />
Other Key Fintech Developments:
<ul>
<li>NYCE <a href="https://www.benzinga.com/fintech/21/03/20248568/nyce-launches-robinhood-of-real-estate-on-app-store?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">launches</a> real estate tech.</li>
<li>CIT <a href="https://www.prnewswire.com/news-releases/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform-301247770.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">won</a> award for lending tech.</li>
<li>Stripe <a href="https://www.bankingdive.com/news/stripe-IPO-strategy/597123/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue%3A%202021-03-22%20Banking%20Dive%20%5Bissue%3A33129%5D&amp;utm_term=Banking%20Dive&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">pressured</a> on public offer.</li>
<li>DIFC is <a href="https://www.crowdfundinsider.com/2021/03/173448-__trashed-8/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">approved</a> to join WAIFC.</li>
<li>Connext <a href="https://www.theblockcrypto.com/post/98961/ethereum-based-interoperability-project-connext-raises-2-2-million-seed-round?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">raises</a> $2.2M in funding.</li>
<li>N26, Dosh <a href="https://www.pymnts.com/news/loyalty-and-rewards-news/2021/neobank-n26-teams-dosh-expand-rewards-program/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">teaming</a> on rewards.</li>
<li>Revolut <a href="https://www.finextra.com/newsarticle/37713/revolut-applies-for-us-banking-licence?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">applies</a> for US banking.</li>
<li>TIME <a href="https://www.theblockcrypto.com/linked/98988/time-is-seeking-to-hire-a-cfo-who-understands-bitcoin?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">hiring</a> a crypto-savvy CFO.</li>
<li>BNP <a href="https://www.marketsmedia.com/bnp-paribas-expands-use-of-fx-digital-trading-assistant/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">expanding</a> the use of ALiX.</li>
<li>Coinbase <a href="https://www.bankingdive.com/news/coinbase-settles-cftc-wash-trading-probe-for-65m/597100/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue%3A%202021-03-22%20Banking%20Dive%20%5Bissue%3A33129%5D&amp;utm_term=Banking%20Dive&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">settled</a> a CFTC probe.</li>
<li>Goldman FX head <a href="https://www.thetradenews.com/former-goldman-fx-head-joins-nomura-to-lead-fx-and-emerging-market-trading/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">joins</a> Nomura.</li>
<li>PBoC: <a href="https://www.theblockcrypto.com/linked/98925/pboc-anonymous-cbdc-not-option?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">No</a> to anonymous CBDC.</li>
<li>Tandem <a href="https://www.finextra.com/pressarticle/86731/tandem-launches-new-banking-platform?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">launches</a> banking tech.</li>
<li>Euronext has <a href="https://www.finextra.com/newsarticle/37708/euronext-offloads-centevo-to-profile-software?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">offloaded</a> Centevo.</li>
<li>Best 4 bank fintech <a href="https://gomedici.com/top-four-us-banks-in-fintech-investments-over-the-past-three-years?__s=qrhns7ismi8vpdeora7d&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">investments</a>.</li>
<li>Greenidge <a href="https://www.theblockcrypto.com/linked/98936/bitcoin-mining-greenidge-merge-nasdaq-support-com?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">planning</a> to go public.</li>
<li>Nymbus <a href="https://www.finextra.com/pressarticle/86730/nymbus-takes-the-wraps-off-digital-banking-portfolio?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">unwraping</a> banking tech.</li>
</ul>
Watch Out For This: New Jersey Governor Phil Murphy said he&rsquo;s holding off on easing more pandemic restrictions as case counts surge to the highest in the nation, prompting New York City Mayor Bill de Blasio to urge similar precautions.
Source: <a href="https://www.bloomberg.com/news/articles/2021-03-22/n-j-will-pause-further-reopenings-as-covid-case-counts-rise?srnd=premium&amp;sref=TBDibEcD&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">Bloomberg</a>
<img src="https://cdn2.hubspot.net/hub/2786381/hubfs/giphy%20(3)-Mar-22-2021-09-49-08-46-PM.gif?upscale=true&amp;width=800&amp;upscale=true&amp;name=giphy%20(3)-Mar-22-2021-09-49-08-46-PM.gif" />
Interesting Reads:
<ul>
<li>Dorsey <a href="http://Twitter%20CEO%20Jack%20Dorsey%20has%20sold%20a%20non-fungible%20token%20(NFT)%20of%20the%20first-ever%20published%20tweet%20for%20$2.9%20million%20to%20an%20investor%20who%20goes%20by%20the%20name%20@sinaestavi./?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">sold</a> an NFT for $2.9M.</li>
<li>Housing market <a href="https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">not</a> expensive?</li>
<li>How to <a href="https://medium.com/authority-magazine/top-marketing-minds-with-kevin-o-brien-and-affordit-and-kage-spatz-90ad21e5ac9f?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">grow</a> marketing career?</li>
<li>DoorDash <a href="https://link.axios.com/click/23293195.15481/aHR0cHM6Ly93d3cuYXhpb3MuY29tL2Rvb3JkYXNoLW9uLWRlbWFuZC1wY3ItdGVzdHMtMDQ5Njc1OGItYzE3OC00NjMwLWFhYWItODhhOTliZmE2YmUxLmh0bWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjbG9zZXImc3RyZWFtPXRvcA/5dbb18007e55547bc663045fBcaac9126?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">delivers</a> COVID kits.</li>
<li>Increase fat <a href="https://medium.com/in-fitness-and-in-health/how-to-increase-fat-loss-in-just-10-minutes-each-morning-fb3ffa70f102?source=extreme_main_feed---------48-73--------------------d138127f_18e5_4b36_acdc_4828e3581071-------&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">loss</a> in 10 minutes.</li>
<li>Say <a href="https://www.cnbc.com/2021/03/20/say-goodbye-to-30-plane-tickets-the-era-of-dirt-cheap-flights-is-ending.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">goodbye</a> to the $30 flights.</li>
<li>Automakers <a href="https://www.cnbc.com/2021/03/22/chip-shortage-has-detroit-automakers-struggling-to-maintain-truck-production-and-meet-orders.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">struggle</a> on supply.</li>
<li>O&rsquo;Shares <a href="https://oshares.com/news-press/ogig-107-in-2020-10-ytd-2021-why-kevin-oleary-is-buying-more/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">ETF</a> +107% in 2020.</li>
<li>Ipsos sees no sentiment <a href="https://www.ipsos.com/en-us/global-consumer-confidence-getting-closer-pre-pandemic-level?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">drops</a>.</li>
</ul>
Market Moving Headline: In less than 12 months, we have experienced a historic meltdown, a bottom carved out by fiscal and monetary policy action, and a full market recovery. But In the background of this hyper-speed activity, there appear to be some clear and distinct investment regimes evolving. We think we&rsquo;ve passed through two regimes, are nearing the tail end of a third and are at the precipice of entering the fourth.
Source: <a href="https://www.blackrock.com/us/individual/insights/real-perspective-in-this-market-cycle?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_Ivfq45N4711n4UcZ4iCQDrWZuhBrLOH-CUXKMnL4NefpNqc-rcud86oJxv3FOKLj9xW_C">BlackRock</a>
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Fintech news covering the emerging Financial Technology services sector

Fintech

Federal Reserve

Fintech Focus For March 23, 2021

Benzinga is covering every angle of how the coronavirus affects the financial world.&nbsp;For daily updates,&nbsp;<a href="https://benzinga.us7.list-manage.com/subscribe?u=360cb137f817ffe23656afe49&amp;id=e57f24ad9b">sign up for our coronavirus newsletter</a>.
Oracle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) is creating a website and mobile applications for collecting data on the treatment of novel coronavirus (COVID-19) patients with antimalarial drugs, the Washington Post <a href="https://www.washingtonpost.com/politics/oracle-to-partner-with-trump-administration-to-collect-data-on-use-of-antimalarial-drugs-to-treat-covid-19/2020/03/24/ecbb8b76-6de2-11ea-b148-e4ce3fbd85b5_story.html">reported</a> Tuesday.
<h3>What Happened</h3>
Oracle is donating the project to the federal government, which will maintain oversight, according to the Post.
The platforms will collect information from doctors about administering the drugs to their coronavirus patients to determine their&nbsp;effectiveness based on data outside of more established methods of clinical trials.
The Trump administration is also exploring whether the participating doctors should receive bonus payments, the Post noted.
President Donald Trump was convinced of the effectiveness of two antimalarial drugs, chloroquine and hydroxychloroquine, for the coronavirus after multiple conversations with Oracle CEO Larry Ellison, multiple officials familiar with the matter told the Post.
<h3>Why It Matters</h3>
Ellison is a long-term backer of Trump, and earlier this year held a fundraiser for his re-election bid, even as hundreds of employees walked out as a protest, Time <a href="https://time.com/5788484/oracle-employee-walkout-larry-ellison-trump/">reported</a> in February.
The president has publicly advocated for the use of both drugs for COVID-19 based on anecdotal evidence from China and France.
Many healthcare officials, including within the Trump administration, have called for more evidence, in particular for proper clinical trials to be conducted, before the drugs are recommended for COVID-19 patients.
&quot;Many of the things that you hear out there are what I had called anecdotal reports,&quot; White House Coronavirus Task Force member Anthony Fauci said on the antimalarial drugs on Saturday, as per the Post.
&quot;They may be true, but they&#39;re anecdotal. So the only thing that I was saying is that if you really want definitively to know if something works, that you&#39;ve got to do the kind of trial that you get, the good information.&quot;
At least 18,615 people across the globe have lost their lives to the deadly virus, according to data from Johns Hopkins University. Nearly 418,000 have been infected, as the risk of further exponential spread remains.
<h3>Price Action</h3>
Oracle&#39;s shares closed 8.26% higher at $47.84 on Tuesday and traded another 0.23% higher in the after-hours session at $47.95.

Politics

Management

ORCL

Oracle Works With White House For Informal Testing Of Antimalarial Drugs For COVID-19 Effectiveness

Every year, Time recognizes one person, group of people or an inanimate object that influenced the course of the year, for better or worse.&nbsp;
Someone has filled each slot since 1927. This year, teen climate activist Greta Thunberg joined a list that includes Bill Gates, the computer, Richard Nixon, Middle Americans, Martin Luther King&nbsp;Jr.&nbsp;and the #MeToo whistleblowers.
Here&rsquo;s where the last 10 Persons of the Year have ended up.
See Also: <a href="https://www.benzinga.com/news/19/12/14970797/teenage-climate-change-activist-greta-thunberg-named-times-2019-person-of-the-year">Teenage Climate Change Activist Greta Thunberg Named Time&#39;s 2019 Person Of The Year</a>
<h3>2018: The Guardians</h3>
Time honored the persecuted journalists Jamal Khashoggi, Maria Ressa, Wa Lone, Kyaw Soe Oo and the staff of The Capital, who were arrested or killed for their efforts to reveal truth. Of the living honorees, Ressa remains on trial for cyberlibel in the Philippines, and Kyaw Soe Oo and Wa Lone were released from jail in Myanmar. Fellow journalists continue to suffer persecution.
<h3>2017: The Silence Breakers</h3>
The women who catalyzed the #MeToo Movement have claimed control and they won&rsquo;t turn it back. Stories of sexual harassment continue to break and&nbsp;lead to the toppling of once-revered public characters.
The movement has embedded itself in the culture and changed the protocol for corporate interactions and methods of parenting.
<h3>2016: Donald Trump</h3>
President Trump continues to control international headlines with extreme nationalist policies, aggressive diplomatic tactics and resistance to the ongoing <a href="https://www.benzinga.com/topic/impeachment">impeachment</a> inquiry related to his dealings with Ukraine.
<h3>2015: Angela Merkel</h3>
The German chancellor demonstrated her leadership during the European migrant crisis and Greek debt crisis. In 2017, she helped her party win its fourth victory, although it&rsquo;s had increasing difficulty forming a coalition.
In recent times, the media has reported on&nbsp;<a href="https://www.theguardian.com/world/2019/jul/10/angela-merkel-seen-shaking-for-third-time">concerns about Merkel&#39;s health</a>.
<h3>2014: Ebola Fighters</h3>
The award was granted to the hazmat-suited physicians on the frontlines of the epidemic, which claimed 11,323 lives across West Africa. Those warriors have since passed the fight on to lab scientists, who created a vaccine known to be between 70% and 100% effective.
<h3>2013: Pope Francis</h3>
The head of the Roman Catholic Church has continued to fight the perils of capitalism and violence, speak out for refugees and social justice&nbsp;and pursue interreligious dialogue, all while addressing a global sex abuse scandal that threatens the papal authority.
<h3>2012: Barack Obama</h3>
Obama earned the honor just after his reelection. During his second term, he negotiated diplomatic relations with Cuba, struck a deal with Iran on nuclear developments&nbsp;and signed the Paris Climate Agreement.
After handing the reins to&nbsp;Trump, he continued informal engagement in foreign affairs, built up the Obama Foundation and won a Profiles in Courage award. The U.S. pulled out of the Paris agreement, and Republicans have tried to unwind other pieces of Obama&#39;s legacy, including&nbsp;Deferred Action for Childhood Arrivals&nbsp;and Obamacare.
<h3>2011: The Protester</h3>
The year brought protests across the globe on civil, political and economic rights. The Arab Spring unseated dictators, the Indignados Movement in Spain catalyzed governance changes across the nation&nbsp;and a vestige of the Occupy Wall Street Movement continues to surge through populist politics in the U.S.
<h3>2010: Mark Zuckerberg</h3>
Since being named Person of the Year, the founder of Facebook Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) has testified before Congress and settled with the Federal Trade Commission over&nbsp;the company&rsquo;s insufficient privacy policies and truth scandals.
He has led Facebook to acquire 66 companies, including Instagram and WhatsApp, and drawn fire from politicians looking to break up the parent company.
<h3>2009: Ben Bernanke</h3>
The former chairman of the Federal Reserve navigated the U.S. through the 2008 financial crisis.
After handing the reins to successor Janet Yellen, Bernanke joined the Brookings Institution as a Distinguished Fellow in Residence and became a senior advisor to Pimco and Citadel.
Greta Thunberg photo by&nbsp;<a href="https://en.wikipedia.org/wiki/File:Marche_pour_le_climat_27-09-2019_(Montr%C3%A9al)_14.jpg">L&euml;a-Kim Ch&acirc;teauneuf&nbsp;via Wikimedia.&nbsp;</a>

Education

Where Are They Now? A Review Of Every Time Person Of The Year This Decade

The Department of Health and Human Services announced a new policy Wednesday to improve transparency in the pharmaceutical industry.
Starting this summer, TV commercials for prescription drugs covered by Medicaid or Medicare must mention the list price if it exceeds $35 for the standard treatment course or monthly supply.
&ldquo;Patients have a right to know, and if you&rsquo;re ashamed of your drug prices, change your drug prices,&rdquo; HHS Secretary Alex Azar told reporters Wednesday, <a href="http://time.com/5586552/drug-prices-television-ads/?xid=tcoshare#0e3bc275-fd0c-4675-9a34-1d012af032c3?utm_source=twitter.com&amp;utm_medium=social&amp;utm_campaign=social-share-article">according to Time magazine</a>.&nbsp;
The policy has no enforcement mechanism but depends on companies suing rivals that violate the standard, Azar said.&nbsp;The HHS will also publish a list of drugs with non-compliant ads.
&ldquo;Patients who are struggling with high drug costs are in that position because of the high list prices that drug companies set,&rdquo; Azar said in a press release. &ldquo;Making those prices more transparent is a significant step in President Trump&rsquo;s efforts to reform our prescription drug markets and put patients in charge of their own healthcare.&rdquo;
While one company &mdash; Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) &mdash; has already begun publicizing prices, others in the industry are averse to the practice. The Pharmaceutical Research and Manufacturers of America opposed the new regulation.
&ldquo;We are concerned that the Administration&rsquo;s rule requiring list prices in direct-to-consumer television advertising could be confusing for patients and may discourage them from seeking needed medical care,&rdquo; the organization told the Associated Press.
The PhRMA <a href="https://www.benzinga.com/news/18/10/12507426/drug-companies-to-disclose-pricing-information-in-ads">established</a> industry principles in October that encourage voluntary price listing in commercials. The standards became effective April 15.
The federal mandate will affect, at the very least, the firms behind the 10 most advertised drugs in the industry. The Department of Health and Human Services noted the top 10 sell for between $488 and $16,938.
To supplement the ad initiative, President Donald Trump is urging Congress to craft bipartisan legislation combating unexpected medical costs.
One recommendation is to prevent out-of-network emergency doctors from sending patients balance bills. Others would establish constant out-of-pocket costs for in- and out-of-network providers, or would require providers to estimate out-of-pocket costs.
iShares Dow Jones US Healthcare (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iyh#NYSE">IYH</a>) was down 0.22 percent and Health Care SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xlv#NYSE">XLV</a>) was down 0.51 percent at the time of publication Thursday.&nbsp;&nbsp;
Related Links:
<a href="https://www.benzinga.com/general/biotech/19/03/13423895/trump-administration-looks-to-dump-affordable-care-act">Trump Administration Looks To Dump Affordable Care Act</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11713933/analyst-trumps-naming-and-shaming-campaign-to-build-pha">Analyst: Trump&#39;s &#39;Naming And Shaming&#39; Campaign To Build Pharma Headline Risk</a>

Government

Regulations

Health Care

iShares Trust Dow Jones US Healthcare Sector Index Fund

Drug Prices Will Be Included In TV Ads Under New Trump Admin Rule

Meredith Corporation (NYSE: <a class="ticker" href="/stock/mdp#NYSE">MDP</a>), a company that owns multiple TV stations, digital and mobile operations and other <a href="http://benzinga.com/topic/media">media platforms</a>, agreed to acquire Time Inc (NYSE: <a class="ticker" href="/stock/time#NYSE">TIME</a>), the content company best known for operating People, Time, Fortune, and Sports Illustrated magazines.
<h3>
	What You Need To Know</h3>
Meredith will pay $1.84 billion ($18.50 per share) to acquire Time in an all-cash deal. The company attempted a similar transaction to acquire Time in 2013 and once again earlier this year.
The combined entity will boast a readership base of 135 million people and paid circulation of 60 million people, <a href="http://fortune.com/2017/11/27/meredith-is-buying-time-inc-for-1-8-billion/">Fortune reported.</a>
<h3>
	Why It&#39;s Important</h3>
Meredith&#39;s acquisition is seen by some as being a move to gain better access to internet-savvy millennials as the combined company accounts for 170 million unique visitors in the U.S. and 10 billion annual video views, Fortune said.
<h3>
	What&#39;s Next?</h3>
Meredith is backed by the private equity arm of the <a href="http://www.benzinga.com/topic/koch-brothers">Koch brothers</a>, but they won&#39;t be seeking representation on Meredith&#39;s board and won&#39;t attempt to influence the editorial guidelines and procedures. Meredith also reaffirmed its commitment to pay an annual dividend of $2.08 per share post merger and expects to continue raising its dividend payout.
Time shares were up about 9 percent at $18.42, while Meredith shares were up about 6.5 percent at $64.95.
<il>Related Links:</il>
<a href="https://www.benzinga.com/general/politics/17/11/10800294/what-would-the-koch-brothers-do-with-time-people">What Would The Koch Brothers Do With Time, People?</a>
<a href="https://www.benzinga.com/media/cnbc/17/11/10818532/at-t-counsel-no-credible-evidence-merger-will-hurt-consumers-competition">AT&amp;T Counsel: &#39;No Credible Evidence&#39; Merger Will Hurt Consumers, Competition</a>
Image credit: <a href="https://www.flickr.com/photos/akrockefeller/8340229568/">AK Rockefeller, Flickr</a>

TIME

The Latest Media Merger: Meredith, Backed By Koch Brothers, To Buy Time

Time Inc (NYSE: <a class="ticker" href="/stock/time#NYSE">TIME</a>) traded up 27 percent Thursday after Charles and David Koch were revealed as the backers of Meredith Corporation (NYSE: <a class="ticker" href="/stock/mdp#NYSE">MDP</a>)&rsquo;s <a href="https://www.benzinga.com/news/17/03/9121497/a-timeline-ahead-of-times-buyout">takeover </a>bid.
The Koch brothers agreed to back Meredith&rsquo;s purchase with more than $500 million, according to the <a href="https://www.nytimes.com/2017/11/15/business/media/koch-brothers-time-meredith.html">New York Times</a>&nbsp;&mdash; a figure that represents just 56 percent of their 2016 Republican campaign contribution <a href="https://www.nytimes.com/2015/01/27/us/politics/kochs-plan-to-spend-900-million-on-2016-campaign.html">budget</a>.
As conservative billionaires known to buoy GOP candidates with generous checks, the Kochs&#39; interest in Meredith makes sense. The firm parallels the Kochs in <a href="https://www.opensecrets.org/pacs/lookup2.php?cycle=2018&amp;strID=C00010520">political contributions</a>, and a conservative social philosophy is evident in Meredith&rsquo;s parenting and lifestyle <a href="http://www.meredith.com/national-media/brands">magazines</a>.
Some of the Time <a href="https://www.timeinc.com/brands/">portfolio </a>makes sense, as well. The content of Fortune and Money appears to resonate with the Koch mission of advancing American prosperity.
But other components could be less poilitically compatible. Some <a href="http://freakonomics.com/podcast/how-biased-is-your-media/">consider </a>Time&rsquo;s titular publication to be&nbsp;<a href="https://www.allsides.com/bias/bias-ratings">left-leaning</a> or <a href="http://libguides.libraries.wsu.edu/c.php?g=294288&amp;p=1960045">centrist</a>, and the Kochs may see opportunity to influence the widely read People, Entertainment Weekly and even Sports Illustrated platforms to better align with their philosophy.
Their level of editorial sway, should Meredith successfully acquire Time, isn&#39;t yet known.
Related Links: 
	<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/03/9207074/merediths-guidance-may-have-received-a-boost-from-time-t">Meredith&#39;s Guidance May Have Received A Boost From Time Takeover Rumors</a> 
	<a href="https://www.benzinga.com/general/education/17/01/8953081/is-silicon-valley-the-new-frontier-in-journalism">Is Silicon Valley The New Frontier In Journalism?</a>

Trading Ideas

What Would The Koch Brothers Do With Time, People?

Biz is <a href="https://medium.com/@biz/whats-happening-with-me-73e0192c54e8">back</a>, but his excitement to <a href="https://www.benzinga.com/news/17/05/9474368/biz-stone-is-going-back-to-twitter">return</a> to Twitter Inc (NYSE: <a class="ticker" href="/stock/twtr#NYSE">TWTR</a>), a company crippled by public criticism and metric declines, hasn&rsquo;t exactly resonated with investors.
Although Biz Stone's Tuesday announcement initially prompted a 2-percent stock spike, shares ultimately closed down 6 percent on the day.
And the Street&rsquo;s gut instincts are valid. Since fellow co-founder<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/03/9190578/pressure-on-jack-dorsey-could-be-positive-for-twitter-sh"> Jack Dorsey</a> reclaimed his leadership in 2015, seven years after relinquishing his first gig as Twitter CEO, the company&rsquo;s stock has fallen 48 percent.
Plagued by <a href="https://www.benzinga.com/tech/17/04/9355672/heard-this-one-before-twitters-users-grow-revenue-falters">diminished</a> ad revenue in spite of <a href="https://www.benzinga.com/news/earnings/17/04/9347320/twitter-flies-higher-following-q1-earnings-beat">peaks</a> in daily and monthly <a href="https://www.benzinga.com/news/earnings/17/04/9347381/twitters-daily-active-users-finally-shows-some-solid-growth">active users</a>, Twitter remains unstable. In February when it posted a miss in <a href="https://www.benzinga.com/news/earnings/17/02/9017131/twitter-nosedives-after-q4-revenue-miss-tepid-outlook">fourth-quarter</a> sales, technology expert <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/02/9018905/tech-expert-what-twitter-has-to-do-to-survive">Sean Udall</a> said its survival now depends on fundamental platform changes.
<h3>A Stone Foundation</h3>
Stone might be the <a href="https://www.benzinga.com/news/17/05/9487675/6-great-things-biz-stone-could-do-for-twitter">difference</a> between life or death. After all, creativity is his specialty.
The trained designer has co-founded three ventures apart from Twitter, including his most recent project, Jelly Industries, Inc., which he sold to <a href="https://www.theverge.com/2017/3/8/14857360/pinterest-jelly-acquisition">Pinterest</a> in March. Before Twitter, Stone co-founded and served as chief creative officer for both Medium.com and The Obvious Corporation.
Building something from nothing is a critical startup skill, and it may stimulate the transformation Twitter needs. At least, that seems to be Dorsey&rsquo;s hope. Stone&rsquo;s new role is vaguely to invigorate the company with start-up energy.
<h3>PR Power</h3>
But he may also prove instrumental in addressing public relations concerns stunting Twitter&rsquo;s popularity. Many users have <a href="https://www.benzinga.com/news/16/12/8851149/jack-dorsey-wants-to-know-how-you-would-improve-twitter">criticized</a> Dorsey&rsquo;s responses to inflammatory speech and violations of public code on the site, and Stone at least verbally empathizes.
<blockquote class="twitter-tweet" data-lang="en">Good work, <a href="https://twitter.com/hashtag/FOFA?src=hash">#FOFA</a>. FYI, Constitutional Exceptions to Free Speech&mdash;Child Porn, Hate Speech, and more. Hate can&#39;t hide under the Constitution!
	&mdash; Biz Stone (@biz) <a href="https://twitter.com/biz/status/831932053872467970">February 15, 2017</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Stone could also revolutionize the company&rsquo;s image by redefining Twitter&rsquo;s success. A recent retweet laments that performance is measured by DAUs and revenue rather than community impact, and he has long lauded the platform for its role in diplomacy and <a href="http://www.npr.org/2011/02/16/133775340/twitters-biz-stone-on-starting-a-revolution">democracy</a>.
&ldquo;As I truly believe, and as I&rsquo;ve written before, the Tweets must flow,&rdquo; Stone wrote in his return <a href="https://medium.com/@biz/whats-happening-with-me-73e0192c54e8">announcement</a>. &ldquo;Twitter has woven itself into the fabric of our global society. The world needs Twitter, and it&rsquo;s here to stay. I&rsquo;m so lucky that I get to step back in and help shape it&rsquo;s [sic] future.&rdquo;
<blockquote class="twitter-tweet" data-lang="en">When we created Twitter, we did not imagine it being key to international diplomacy. The world needs Twitter. <a href="https://t.co/faMHSYOOfq">https://t.co/faMHSYOOfq</a>
	&mdash; Biz Stone (@biz) <a href="https://twitter.com/biz/status/815248215951876096">December 31, 2016</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Stone&rsquo;s appearance on TIME&rsquo;s list of 100 Most Influential People in the World, recognition as GQ&rsquo;s Nerd of the Year, acknowledgement as an INC Magazine Entrepreneur of the Decade, and reception of The Economist&rsquo;s Innovation Award may also carry weight among Twitter cynics.
<h3>Building Bridges</h3>
Even if he can&rsquo;t win brand loyalty from consumers, he might be valuable in improving relations with other players in the social media space. Stone maintains a perspective on the industry that&rsquo;s fairly noncompetitive and openly acknowledges the distinct merits of rivals.
<blockquote class="twitter-tweet" data-lang="en">Facebook is stuff that happened, Twitter is stuff that&#39;s happening, and Pinterest is stuff that will happen. It&#39;s all good.
	&mdash; Biz Stone (@biz) <a href="https://twitter.com/biz/status/851932332000919552">April 11, 2017</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>He&rsquo;s even willing to extend an olive branch with a <a href="https://medium.com/@biz/facebook-premium-47715441d0be">pointer</a> here and there.
Related Links:
<a href="https://www.benzinga.com/news/17/04/9273901/twitter-sues-u-s-government-after-agents-demand-info-on-anonymous-government-crit">Twitter Sues U.S. Government After Agents Demand Info On Anonymous Government Critic</a>
<a href="https://www.benzinga.com/news/17/02/9017717/jack-dorsey-ive-never-been-more-sure-of-twitters-value">Jack Dorsey: I&rsquo;ve Never Been More Sure Of Twitter&rsquo;s Value</a>
________ 
Image Credit: By Joi - <a href="http://www.flickr.com/photos/joi/4020697780/sizes/o/in/photostream/" title="http://www.flickr.com/photos/joi/4020697780/sizes/o/in/photostream/">http://www.flickr.com/photos/joi/4020697780/sizes/o/in/photostream/</a>, CC BY 2.0, <a href="https://commons.wikimedia.org/w/index.php?curid=24064345">via Wikimedia Commons</a>

Futures

Will The Return Of Biz Stone Alleviate Fundamental Concerns At Twitter?

After a four-year hiatus to co-found and lead Jelly Industries, Inc., another member of Twitter Inc (NYSE: <a class="ticker" href="/stock/twtr#NYSE">TWTR</a>)&rsquo;s co-founding team is coming home.
&ldquo;There&rsquo;s something about the personality of a company that comes from the folks who start it,&rdquo; Biz Stone wrote in a Tuesday <a href="https://medium.com/@biz/whats-happening-with-me-73e0192c54e8">Medium post</a>. &ldquo;There&rsquo;s a special feeling they bring with them. Jack [Dorsey] coming back was a big step forward. And now, it&rsquo;s my turn&mdash;I&rsquo;m returning to full time work at Twitter starting in a couple of weeks!&rdquo;
Stone said he&rsquo;s not replacing anyone on staff but is merely filling a &ldquo;Biz-shaped hole&rdquo; left from his departure. His focus will be, vaguely, to infuse the company culture with his tech-startup energy.
<h3>A Second Wind</h3>
More importantly, Stone gets a second shot at building the company &mdash; the potential of which he initially underestimated.
&ldquo;When we got to 5,000 people using it, I thought we were successful,&rdquo; he told <a href="http://www.vanityfair.com/news/2014/04/biz-stone-twitter-things-a-little-bird-told-me">Vanity Fair</a> in 2014. The company now supports 328 million accounts, according to <a href="https://www.statista.com/statistics/282087/number-of-monthly-active-twitter-users/">Statista</a>.
And when Facebook Inc (NASDAQ: <a class="ticker" href="/stock/fb#NASDAQ">FB</a>) offered to buy the company in 2008, he slapped a $500 million sticker on the brand. Fortunately, he backed out of the deal, and Twitter now flashes a $14 billion price tag.
&ldquo;Twitter has woven itself into the fabric of our global society,&rdquo; he wrote in his announcement. &ldquo;The world needs Twitter, and it&rsquo;s here to stay. I&rsquo;m so lucky that I get to step back in and help shape it&rsquo;s [sic] future.&rdquo;
<h3>What He Brings Back</h3>
Another of Silicon Valley&rsquo;s college dropout all-stars, the one-time Alphabet Inc (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="/stock/googl#NASDAQ">GOOGL</a>) employee boasts a r&eacute;sum&eacute; teeming with leadership triumphs, including an Oxford University fellowship and the titles of co-founder and chief creative officer of both Medium.com and The Obvious Corporation.
According to his <a href="https://www.linkedin.com/in/bizstone/">LinkedIn profile</a>, Stone has received The Economist&rsquo;s Innovation Award, the International Center for Journalism Innovation Award and an Emmy for his Twitter account. He has also been named one of TIME&rsquo;s 100 Most Influential People in the World, GQ&rsquo;s Nerd of the Year and INC Magazine&rsquo;s Entrepreneur of the Decade.
Related Links:
<a href="https://www.benzinga.com/markets/futures/17/05/9455635/trumptastic-url-redirects-mock-failing-nyt-chorus-to-the-aclu">Trumptastic URL Redirects Mock 'Failing NYT' Chorus To The ACLU</a>
<a href="https://www.benzinga.com/general/education/17/05/9472637/some-words-of-wisdom-for-college-grads-courtesy-of-bill-gates">Some Words Of Wisdom For College Grads, Courtesy Of Bill Gates</a> 
________ 
Image Credit: By Joi [CC BY 2.0 (<a href="http://creativecommons.org/licenses/by/2.0" title="http://creativecommons.org/licenses/by/2.0">http://creativecommons.org/licenses/by/2.0</a>)],<a href="https://commons.wikimedia.org/wiki/File:Biz_Stone_(1).jpg"> via Wikimedia Commons</a>

Biz Stone Is Going Back To Twitter

Time Inc (NYSE: <a class="ticker" href="/stock/time#NYSE">TIME</a>), which was spun off from Time Warner Inc (NYSE: <a class="ticker" href="/stock/twx#NYSE">TWX</a>) in mid-2014, could be another casualty of an industry-wide malaise that has rendered <a href="https://www.benzinga.com/pressreleases/16/08/p8296547/why-print-advertising-is-still-an-essential-">print media </a>on the brink of extinction. As print advertising revenues suffered, the company was striving to make a mark in the digital arena.
<h3> Time To Officially Launch A Bid? </h3>
Quoting people familiar with the matter, <a href="https://www.bloomberg.com/news/articles/2017-02-28/time-inc-asks-suitors-to-submit-offers-by-next-week"> Bloomberg </a> reported on Tuesday that Time has asked potential bidders to submit bids by next week. The publisher of Time, People and Sports Illustrated apparently wants to find out how much the interested parties are willing to offer in deciding whether to sell the entire business or individual magazine titles.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/15/06/5609885/how-irrelevant-is-print-media-heres-a-quantitative-look"> How Irrelevant Is Print Media? Here's A Quantitative Look </a>
The people Bloomberg quoted, on the condition of anonymity, suggested that the company may not proceed with the sale at all. Five companies were reportedly interested in Time.
<h3> Speculated Buyers </h3>
Of these, one was identified by the Bloomberg source as the Meredith Corporation (NYSE: <a class="ticker" href="/stock/mdp#NYSE">MDP</a>) and the second as an investor group led by Edgar Bronfman Jr. At least one of the remaining three bidders is a public company, the source seems to have told Bloomberg. After coming together to negotiate a merger in 2013, Meredith and Time failed to reach an agreement then.
The recent Bloomberg report suggested that Time might also be seeking an investment from private investors.
In December last, Wells Fargo analyst <a href="https://www.benzinga.com/analyst-ratings/analyst-color/16/12/8792368/recent-news-should-keep-shares-of-time-inc-range-bound-n"> Eric Katz </a> said in a note the combination of Time with Meredith would create a combined company with revenue of $4.8 billion and EBITDA of $1 billion. Katz also broached the possibility of THE HEARST Corp. making a bid for Time. "Until a deal does or doesn't happen, we view TIME as sort of stuck—hence we maintain our Market Perform," Katz said in the note.
With Time reportedly formally soliciting a bid, Benzinga looked at the events in the run up to the current development:
<ul>
<li>Amid Time's attempts at repositioning itself as a broad-based digital media company, it attracted the attention of several activist investors such as Jana Partners and Lee Cooperman's Omega Advisors.</li>
<li>Around this time, there were rumors that the company might be forging an alliance with Meredith Corp.</li>
<li>On Nov. 28, 2016, the New York Post reported Bronfman Jr., is bidding for People, Time and Sports Illustrated. Bronfman Jr., along with Len Blavatnik's Access Industries, and Israeli billionaire Ynon Kreiz reportedly submitted a bid to buy the company for $18 per share, a 30 premium to the closing price of the company's stock in the previous session. Access had bought Warner Music Group from Bronfman for $3.3 billion in May 2011 in a friendly takeover. The offer made by the trio of billionaires was reportedly spurned by Time.</li>
<li>On Dec. 8, there were unconfirmed rumors that Time has hired bankers to advise on a potential sale or striking a partnership pact.</li>
<li>Meanwhile, the New York Post reported in January 2017 that National Enquirer owner American Media may be interested in Time. The source quoted by the New York Post suggested that National Enquirer will team up with Meredith Corp in launching the bid. </li>
</ul>
Time reported in mid-February underwhelming earnings per share and revenues for the fourth quarter. The 2017 revenue guidance was also light. There could be more twists in the tale, as this media M&amp;A plays out. Stay tuned!
Image Credit: Al Capone, By Time Magazine [Public domain], via <a href="https://commons.wikimedia.org/wiki/File:Al_Capone_on_the_cover_of_Time_Magazine_in_1930.jpg">Wikimedia Commons</a>

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