Morning Brew Daily Historic $787M Fox-Dominion Settlement and India's Business Renaissance
Apr 19, 2023
Dive into the shockwaves of a historic $787.5 million settlement between Fox and Dominion, reshaping media accountability. Discover Apple's bold entry into India and its competitive strategies. Meanwhile, Netflix faces challenges as it attempts to revive itself amid disappointing earnings. Explore Instagram's new feature that allows more links for creators and learn about tax credits for electric vehicles. Lastly, laugh at the bizarre case of a man who mistakenly sought a job on rentahitman.com, illustrating the absurdity of the situation.
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Fox-Dominion Settlement
- Fox News settled a defamation lawsuit with Dominion Voting Systems for $787 million.
- This averted a potentially embarrassing trial, but revealed internal conflicts like Tucker Carlson's dislike of Trump.
Apple's India Expansion
- Apple opened its first stores in India, betting on the growing middle and upper classes.
- India, with its large population, presents significant growth potential, mirroring China's past trajectory.
Netflix Subscriber Growth
- Netflix added 1.75 million subscribers, falling short of expectations, but plans to crack down on password sharing.
- Its stock remained flat, suggesting investors are focused on the potential impact of the password-sharing crackdown.