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Business Trends

All articles tagged with #business trends

"The Impact of Taylor Swift on Economics and Entertainment"

Originally Published 1 year ago — by Business Insider

Uber CEO Dara Khosrowshahi confirmed the "Taylor Swift effect," stating that local Uber teams plan specifically for her concerts, with increased ride demand extending to surrounding areas and hotels. Bank of America and Mastercard also noted Swift's significant economic impact, with increased household spending and business sales during her "Eras Tour" performances. However, not all companies are pleased with the hype, as Best Buy's CEO mentioned a potential negative impact on electronic goods sales. Despite the positive influence, Khosrowshahi indicated that Swift's impact may not significantly affect Uber's overall business trends due to the company's large scale.

entertainment businessentertainment business-trends businessentertainment concert economic-impact taylor-swift uber

"Exxon Mobil's Battle with ESG Shareholders: A Warning to Investors"

Originally Published 1 year ago — by Semafor

Exxon's resistance to shareholder activism signals a shift away from the era of corporate ESG (environmental, social, and governance) initiatives, as companies backtrack on diversity targets, minority vendor contracts, and commitments to social causes. The lawsuit filed against Exxon in Texas by shareholder activists may mark the end of the corporate ESG movement, reflecting a broader trend of companies prioritizing bottom-line concerns over progressive demands.

business business business business-trends corporate-activism esg exxon shareholder-lawsuit