Meta and Google Cut DEI Programs & Can TikTok Save Peloton?
Jan 5, 2024
27:27
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Discussion on the controversy surrounding DEI programs in the business world. Impact of overturning affirmative action and corporate diversity programs. Rise in popularity of non-revenue generating sports and its impact on the NCAA. Peloton's transformation and challenges in becoming a more generalized fitness company.
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Quick takeaways
Corporate DEI programs are facing backlash and legal challenges, questioning their effectiveness and potential discrimination against certain groups.
Google is phasing out cookies on its Chrome browser to address privacy concerns and develop privacy-enhancing alternatives for targeted advertising.
Deep dives
The Controversy Surrounding DEI Programs
DEI programs, designed to boost minority representation, are facing backlash and legal challenges. Critics accuse the programs of discriminating against white people and favoring certain minority groups. The resignation of Claudine Gay, Harvard's first black female president and DEI advocate, has intensified the debate. Corporate DEI programs are being questioned, and legal challenges are being prepared to roll back diversity hiring initiatives.
Google's Phasing Out of Cookies
Google is phasing out cookies on its Chrome browser, aiming to balance consumer privacy and advertising effectiveness. This move is part of broader efforts to improve user privacy and follows pressure on tech companies to address privacy concerns. Advertisers and analytics companies may face challenges in targeting users effectively, resulting in less relevant ads. Google is working on privacy-enhancing alternatives, like its Privacy Sandbox project, to provide audience data without relying on third-party tracking.
The Increasing Value of Women's College Basketball
The NCAA and ESPN signed a new TV rights contract for sports championships, with women's basketball driving the big payday. The contract is worth $115 million per year for eight years, with women's basketball accounting for $65 million annually, a tenfold increase compared to the previous deal. This signifies a victory for women's college basketball and demonstrates the growing popularity and value of women's sports. It also marks a significant revenue boost for the NCAA, as it diversifies its income beyond men's college basketball.
Episode 229: Neal and Toby discuss why companies like Google and Meta are cutting DEI programs. Plus, Google is also beginning to get rid of cookies and ESPN strikes a massive $920 million deal with the NCAA to air over 40 college championships. And a big part of that deal is thanks to women's basketball. The guys share their stock and dog of the week, including why Peloton's new partnership with TikTok could help the company. And finally, Target runs out of special Stanley cups and the personal finance author that is $1 billion in debt.