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Redstone’s late father, Sumner Redstone who passed away in August 2020. When Shari Redstone combined the two companies, she appointed Bakish CEO of ViacomCBS which now controls some of the most well-known brands in media such as Paramount Pictures, CBS News, Comedy Central and MTV. WINNERS & LOSERS IN DISCOVERY’S MARRIAGE WITH AT&T’S WARNERMEDIA Other attendees of the event will be David Zaslav, newly anointed CEO of Warner Bros. Discovery which recently spun out of AT&T in one of the most high-profile tie-ups of the year. Bezos, who relinquished his position as Amazon CEO on Monday to Andy Jassy. Both are expected to attend while they face serious pressures from regulators in the Biden administration who want to break up the company on the grounds that it’s a monopoly. Amazon has been on the deal-making hunt as well recently with its acquisition of MGM Studios for $8.5 billion. Meanwhile, investors have been speculating that Amazon will split its stock when Bezos steps down to get retail investors interested in its shares which closed Friday at a whopping $3,510. Ticker Security Last Change Change %
FB FACEBOOK, INC. 363.51 +0.54 +0.15% AMZN AMAZON.COM, INC. 3,344.94 -31.05 -0.92% DISCA DISCOVERY, INC. 29.04 -0.16 -0.55% CMCSA COMCAST CORP. 58.69 +0.35 +0.60% NFLX NETFLIX, INC. 520.55 -4.34 -0.83% The e-commerce giant’s stock has been pretty stagnant over the past year, only posting 8% returns year-to-date. Investors believe a stock split will help drive the stock price higher. Aside from Bezos, other big names in attendance include Facebook’s Mark Zuckerberg and Sheryl Sandberg, Netflix’s Reed Hastings, Comcast’s Brian Roberts and WarnerMedia’s Chief Executive, Jason Kilar. Bill Gates is also said to be on the list following a tumultuous year for the Microsoft founder including a divorce and rumored ties with the late disgraced financier, Jeffrey Epstein. CLICK HERE TO READ MORE ON FOX BUSINESS Gates also stepped down from Microsoft’s board in March of 2020 amid an investigation that he had an affair years ago with a Microsoft employee. A spokesperson for Gates said the decision to step down from the board was unrelated to the affair, which ended amicably. Deal talk already circulating at Sun Valley ranges from mega-media deals to smaller streaming takeovers. Aside from finding a possible suitor for ViacomCBS, Lionsgate, the independent movie and TV studio, has long been said to be an acquisition target. John Feltheimer, CEO of Lionsgate, will be one of the big names in attendance. Also reportedly being shopped around is NFL Network and possible suitors could include Fox Corp, the parent company of FOX Business Network, bankers say. Another big theme investors are watching is the rise in popularity of the video gaming space. Since the start of the pandemic, the video gaming industry has exploded, now worth more than $180 billion. Heads of gaming companies like Activision Blizzard Entertainment and Epic Games are expected to be in attendance, possibly looking to strike up deals of their own.
Facebook rejects Illinois police group’s ‘Officer of the Year’ post Ed Wojcicki of the Illinois Association of Chiefs of Police discusses Facebook denying the ability to ‘boost’ one of the group’s tribute posts. Facebook already asks for your thoughts. Now it wants your prayers. The social media giant has rolled out a new prayer request feature, a tool embraced by some religious leaders as a cutting-edge way to engage the faithful online. Others are eyeing it warily as they weigh its usefulness against the privacy and security concerns they have with Facebook. In Facebook Groups employing the feature, members can use it to rally prayer power for upcoming job interviews, illnesses and other personal challenges big and small. After they create a post, other users can tap an “I prayed” button, respond with a “like” or other reaction, leave a comment or send a direct message. Facebook began testing it in the U.S. in December as part of an ongoing effort to support faith communities, according to a statement attributed to a company spokesperson. FACEBOOK WHISTLEBLOWER TURNED DOWN $64G SEVERANCE PACKAGE THAT WOULD HAVE BOUGHT HER SILENCE “During the COVID-19 pandemic we’ve seen
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