CBX Daily 12/02/2024

Author

Jennifer Matthews
December 02, 2024

Today, the metaverse boasts an $800 billion revenue opportunity that could cause a shift, but let’s start with how CEO searches are delaying due to work-life balance rift…

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CEO Searches Stalling With Shift In Work-Life Balance 

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In the corporate world, that is forever changing, finding the right CEO has become a marathon rather than a sprint. What once took a mere 3-4 months is now dragging out to almost 9 to 12 months. Companies find themselves grappling with unsuitable candidates and a lack of local talent, forcing them to cast wider nets. However, this extended search isn't just a corporate inconvenience—it highlights a symptom of deeper shifts in the workforce and leadership expectations.   

Exploring The $800 Billion Elephant In The Metaverse   

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The metaverse as advertised promises a decentralized network of environments leveraging blockchain technology to overcome the limitations of the physical world. Yet, many skeptics believe the metaverse and underpinning cryptocurrencies are a farce only conceived to make a select minority rich. Either way, the metaverse is set to become embedded in every industry, from gaming, to fashion, to real estate. A construct of contemporary society, the global metaverse revenue opportunity could approach $800 billion in 2024, and left unchecked it will adopt whiteness as the societal default.   

Why Drake vs Kendrick Lamar Feud Boosts Music Revenues?  

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Rap beefs keep artists on their toes and are essential in keeping the HipHop culture alive. In 2007, two big rap stars took the hip-hop beef tradition to lucrative heights. Kanye won by selling 266,000 more albums than 50 Cent that day, totaling over 1.6 million units combined, making the industry over $20 million in one day. The revenue of the U.S. music industry totaled $11.8 billion for the year.  

Tune-in Tuesdays!

A banana duct-taped to a wall just sold for $6.2 million in NYC. Is this a statement on the state of contemporary art, or just a bizarre commentary on the value of novelty? With such a high price tag, what does this say about the intersection of art, capitalism, and culture?

A. "Take the Money and Run" by Steve Miller Band – This sale feels like the ultimate hustle, a clever joke on the art world where the punchline is a multi-million-dollar price tag
B. "Smooth Criminal" by Michael Jackson – The duct-taped banana might symbolize how modern art sneaks past traditional definitions, challenging what is “normal” versus creative in today’s art market
C. "Born to Be Wild" by Steppenwolf – Maybe this is less about absurdity and more about freedom—art that dares to break boundaries and be wild, sparking conversation and challenging convention

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like public opinion thinks ‘We’re the Champions’ with the Trump-Musk duo.

The Birkin Bag Resale Market Is On Fire  

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In the world of luxury fashion, few items hold as much allure and prestige as the Hermès Birkin bag. Renowned for its exquisite craftsmanship and exclusivity, the Birkin bag has become a symbol of wealth and status as the resale market for these bags has doubled in five years. Hermès also benefited from some free marketing as well, thanks to rappers like Cardi B and the City Girls, constantly showcasing their collections.  

A $300 Million Unraveling Of ESG Investing On Corporate Diversity 

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Environmental, Social, and Governance (ESG) investing, once the darling of Wall Street, is witnessing a remarkable slowdown. Assets under management in ESG funds declined from $339 billion in the second quarter to $315 billion by the end of last year. This shift has far-reaching implications, particularly concerning the progression of diversity and inclusion within the corporate sphere.  

Vibes of the Week

Things are getting "Sticky" for companies as CEO searches delay due to changes in work-life balance. GloRilla, Sexyy Red and Lil Wayne tell it in our CBX Vibes!