Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

10 Tuesday AM Reads

My Two-for-Tuesday morning reads: • Little Tobacco Moment Meta Wins. Our “Big Tobacco moment” ended with Meta’s shareholders richer, competitors weaker, and its business model intact. We’ve been played, again. Scott Galloway on the Meta settlement — 47 states and DC, up to $17.1 billion in penalties, no admission of wrongdoing. “We’ve been played, again.” (Scott… Read More The post 10 Tuesday AM…

10 Tuesday AM Reads

My Two-for-Tuesday morning reads:

Little Tobacco Moment Meta Wins. The "Big Tobacco moment" ended with Meta's shareholders richer, competitors weakened, and its business model intact. Shareholders received $17.1 billion in penalties, with no admission of wrongdoing from Meta.

For Many Individual Traders, Prediction Markets Are Hot - and Crypto Is Not. Traders are leaving crypto, such as Bitcoin, to bet on sports, elections, and Federal Reserve rate decisions. Traders are spending more time and money on these alternative betting options.

Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at ritholtz.com →

More in Finance & Markets

Has the economy gone C-shaped?

A K means the rich and poor are pulling apart. A C supposedly means they're coming back together. We hear the case for both. Which letter you see may depend on what you choose to pay attention to.

More from Tuesday 8 September →