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Costco vs. racist investors, tech bro victimhood, Altman cries, and Zuck sucks up

Costco vs. racist investors, tech bro victimhood, Altman cries, and Zuck sucks up

Published 1 year, 9 months ago
Description

Live from an ESG-flavored 2025, it’s an all-new Wacky Wednesday edition of Business Pants. Joined by Analyst-Hole Matt Moscardi! On today's Costco lovefest called January 8th 2025: Headlines We Missed since the end of December and the new comic book superhero named Costco!

Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.

DAMION1Shit We Missed (in no particular order):

Tech Bros

Zuck

Dana White, UFC CEO and Trump ally, to join Meta's board of directors

Zuckerberg Announces New Measures to Increase Hate Speech on Facebook

Mark Zuckerberg's Meta is moving moderators out of California to combat concerns about bias and censorship

“Huge problems” with axing fact-checkers, Meta oversight board says

Co-chair Helle Thorning-Schmidt said she is "very concerned" about how parent company Meta's decision to ditch fact-checkers will affect minority groups: "We are seeing many instances where hate speech can lead to real-life harm, so we will be watching that space very carefully," she added.

Meta Drops Rules Protecting LGBTQ Community as Part of Content Moderation Overhaul

The changes included allowing users to share “allegations of mental illness or abnormality when based on gender or sexual orientation, given political and religious discourse about transgenderism and homosexuality.”

Meta replaces policy chief Nick Clegg with former Republican staffer Joel Kaplan ahead of Trump inauguration

Sam

Sam Altman Explodes at Board Members Who Fired Him

"And all those people that I feel like really fucked me and fucked the company were gone, and now I had to clean up their mess," adding that he was "fucking depressed and tired."

"And it felt so unfair," the billionaire told Bloomberg. "It was just a crazy thing to have to go through and then have no time to recover, because the house was on fire."

The board’s primary fiduciary duty was not to maintain shareholder value or profits, but rather to stay true to OpenAI's

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