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April 27th, 2022

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes

Subscribe below for weekly updates on the absurdity of the business and financial world. We spend all day on social media so you don't have to.

It's April 27th, 2022

Happy humpday, and thanks for reading The New Yak Times!

It's a beautiful Wednesday! Why? No, it's not because Elon Musk bought Twitter or because Emmanuel Macron won reelection. It's because The Jewel is back, baby. 

More on why your mom deserves this Jewel in my update.

But first... the week's top stories are:

  • RIP CNN+
  • Disney World
  • Peak Netflix
  • Heard v. Depp
  • The Jewel Is Back

RIP CNN+

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Last week, CNN+, the news channel's streaming service, announced it was shutting down only a month after launching. The company spent more than $300M on the experiment.
  • The demise of CNN+ is fascinating. It involves corporate politics, a service no one asked for, and the merger of Discovery and WarnerMedia. 
  • Ultimately, it was something Discovery never wanted to do but couldn't stop until the merger was completed. As soon as it was, the new company scrapped the project and fired the 350 employees who were just hired to run the service.
Inside the collapse >>

Disney World

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • The most magical place in the world has lost its most magical tax status.
  • Florida Gov. DeSantis signed a bill on Friday stripping Disney World of its status as an "independent special district," punishing the Disney Company for its stances on social issues.
  • Disney operates (used to) as a county government, building and maintaining municipal services like electricity, water, and roads and providing police and fire protection. It even taxes itself. Now it will be folded into the surrounding counties.
The implications of the bill >>

Peak Netflix

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Have we reached peak Netflix? Are the tides of the streaming wars shifting? For the first time in company history, Netflix announced it had actually lost users - more than 200,000, causing the stock to slip 30% in a day.
  • The company's crackdown on password sharing is suddenly starting to make sense as it searches for additional revenue wherever it can.
  • My take is that people have shifted to watching TikTok instead of Netflix because the content is simply better.
What happened to Netflix >>

Heard v. Depp

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Ok, I usually don't care about a celebrity divorce, but the case of Amber Heard v. Johnny Depp is insane.
  • The couple divorced in 2015 after Heard alleged Depp was abusive. Eventually, the couple settled and went their separate ways. Then in 2018, Heard published an opinion piece that called out Depp for being abusive. Depp categorically denies the abuse and is now suing Heard for libel, and she is countersuing him.
  • Much of the evidence is produced from texts and audio between the couple and their celebrity friends. There have been some jaw-dropping moments, including evidence that Heard pooped on Depp's bed.
Follow the trail >>

The Jewel Is Back!

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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The Jewel is back! If you can't tell, I'm pretty excited about the news.

Mainly because I never know what to give my mom for Mother's Day. It was so easy when I lived with her. All I had to do was make her breakfast in bed.

However, it's been a bit more challenging ever since I turned 40 and was kicked out of the house. So personally, I'm excited to make up for lost time this year.

Mother's Day is an interesting holiday because the older we get, the less we celebrate it. I don't think that's fair to moms.

In my opinion, it should be the opposite. When we are young, we have no money, so she ends up getting handmade cards and other crafts.

Let's be honest, she deserves better. You should be required to give a gift equal in value to the mental anguish you caused her in high school. Or, in my case, the mental anguish I caused her in my late 30s.

So get her The Jewel she not only deserves but wants.

Order before midnight tonight to guarantee delivery by Mother's Day.

Shop The Jewel

Until next time, keep building 💪.

Tobias
CMO @ Oliver Charles
Connect with me on Twitter

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OLIVER CHARLES - The New Yak Times - Building In Public Using Memes
Hello 👋. I'm Tobias the "100% real" CMO of Oliver Charles. This is my weekly update as Slater, Jack, and I build Oliver Charles in public.