It's Tune-in Tuesdays!

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CultureBanx Team
October 01, 2024

Today The Rock missed the U.S army’s recruitment target, but let’s start with Smartsheet’s sets sight on new success heights…

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How Vista Equity's $8.4 Billion Smartsheet Buyout Strengthens Their Market Position

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Smartsheet, the Washington-based work management platform, is being scooped up by private equity giants Vista Equity Partners and Blackstone (BX +0.96%). This $8.4 billion deal is turning heads, not just for its hefty price tag, but for what it means for the future of enterprise software.  

Army Seeks Refund As Dwayne Johnson's UFL Deal Falls Flat

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The recent rift between the U.S. Army and the Ultimate Football League (UFL), with Dwayne “The Rock” Johnson in the mix, has brought attention to a troubled business deal involving sports and culture. The Army is aiming to recoup $6 million from an $11 million marketing agreement, pointing to unmet promotional targets as a major concern. The Rock, who was supposed to do five social media posts promoting the UFL, only managed to do two. This shortfall had a direct impact on the Army's ability to meet its recruitment targets, resulting in a loss of 38 potential enlistments—a significant setback given the high stakes.

Checking A.I. Healthcare Pulse In $188 Billion Market

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The healthcare industry continues to incorporate artificial intelligence into many of its platforms, and early indicators reveal the technology outperforms and offers more accurate diagnoses than doctors. Healthcare has always struggled with income and race based inequities rooted in various forms of bias. A.I. seems like a sensible investment for the facilitation of most day-to-day healthcare activities, so should minorities approach the subject matter with apprehension?

Tune-in Tuesdays!

Reed Hastings, co-founder and executive chairman of Netflix donated $7 million towards Kamala Harris’ campaign. This has prompted #CancelNetflix to trend. Should top stakeholders’ choices reflect the values of the entire network? And in a world where entertainment and politics collide, where do we draw the lines or are they blurred out?

A. “My Life” by Mary J Blige – Should CEOs have the freedom to express their political beliefs without facing backlash?
B. “Crazy” by Kelly Rowland – Is the outrage based on the candidate, or are we just reacting to the chaos of the situation based on our political biases?
C. “American Idiot” by Green Day – It’s a trap that we’re falling into willingly because our preferred candidate didn’t get this opportunity

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 ‘Change Is Gonna Come’ for the Binance executive whose rights are being trampled upon.

How Going Legit Could Tank Stocks For Cannabis Investors

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For years, many countries have dangled the decision on whether to legalize marijuana or not. And while the global marijuana market is steadily growing, now expected to reach $102.24 billion by 2030, the legal landscape remains complicated. The DEA recently moved to reclassify marijuana from a low potential for abuse and potential medicinal use to high potential for abuse and no medicinal use. This reclassification has a ripple effect on how businesses operate in the cannabis market.

How 5.2 Million People Joined The Millionaires Club 

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Millionaire’s are on the rise with 5.2 million people achieving this status last year globally, and nearly half of them residing in the United States. Credit Suisse’s latest annual wealth report found that “this is the largest increase in millionaire numbers recorded for any country in any year this century.” There are about 1.79 million African American millionaires in the country, according to Statista. Just how much has the wealth gap opened up with this new batch of millionaires?

Vibes of the Week

Smartsheet is "Wanted" by private equity powers as told by Willow and Kamasi Washington in our CBX Vibes!