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The CEO of Vimeo landed the job at 34 after only 3 years with the company — and her best advice for young people explains how she did it

Anjali Sud Vimeo CEO

  • Vimeo CEO Anjali Sud advises young people to create their own opportunities.
  • Sud said that she's ambitious and impatient, and has learned how to use those traits to advance her career without looking back.
  • Even though she didn't initially see herself in the CEO spot at Vimeo, she took landing the job as a vote of confidence in her work.

Anjali Sud became the CEO of IAC-owned Vimeo at 34.

But she never openly campaigned for the job. "I didn't explicitly raise my hand for the role, because I didn't really — it didn't occur to me that that would make sense," Sud told Business Insider for an episode of our podcast "Success! How I Did It!."

However, once she was chosen, she did not question her credentials or ability to lead. The appointment helped empower Sud, who said her promotion "definitely gave me an indication that I felt the strategy was right. Everything I believed about Vimeo, what's wrong with the industry, and what we could accomplish as a business — I was getting validation, and it definitely made me trust my gut around where we should grow."

The experience contributed to the advice she now gives young people looking to advance in business: Create your own opportunities.

One way to do that, Sud told Business Insider, is to "look where others aren't looking. One of the reasons I was given ownership of the creator side of the business is because it wasn't, at the time, the area that was getting all the focus and attention, so they could take more of a chance on me."

Before her stint as CEO, Sud spent three years at Vimeo leading the team that worked with filmmakers.

You can subscribe to the podcast and listen to the episode below:

She continued: "That's not a bad strategy — it gives you an opportunity to own something yourself, especially if you're passionate about it. It gives you an opportunity to own that thing and maybe get an experience that you wouldn't normally get if you just went down the standard track."

Some of Sud's ability to create her own opportunities can be credited to what some would consider to be a negative personality trait: impatience.

"I've been accused of being too impatient in my career," she said. "Especially as a woman, I think there's always this 'Ah, I don't want people to think I'm being too ambitious.' But the truth is I am deeply impatient."

Sud recalled one instance where "I was being impatient, and I knew it. There was that question of 'Shouldn't I just play by the rules, and sit and wait, and just do what I'm supposed to do?' Then at some point, I just had to think back to my core, and I was like, 'No, I'm not going to do that.'"

SEE ALSO: Vimeo's 34-year-old CEO on why she's not worried about YouTube or Netflix, and how she plans to bring in $100 million this year

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NOW WATCH: There's a psychological reason why being open to failure often leads to insane success


What you need to know on Wall Street today

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

Yields on 10-year Treasury notes on Tuesday morning finally reached the elusive 3% level, which the benchmark interest rate hadn't seen since January 2014.

The yield flirted with the level all day Monday, but it was Tuesday's stronger-than-expected home prices as measured by the S&P/Case-Shiller index that pushed it across the line.

The rise in the 10-year yield, a benchmark for things like home mortgages and company borrowing, has the potential to dampen spending as consumers and companies spend more to service their debt. It's also closely watched by stock traders. And sure enough, stocks started tumbling once the 3% level was breached.

In deal news, several top-10 shareholders at Jazz Pharmaceuticals have been pushing management to consider a sale of the drugmaker's sleep business, according to people familiar with the matter.

South Korean gaming company is said to be in talks to buy Bitstamp, the world’s oldest bitcoin exchange. And Morgan Stanley identified the 10 tech companies most likely to get acquired in the next 12 months. 

In finance news, investing startup Acorns just took a page out of Netflix's playbook. And in an op-ed on Business Insider, JPMorgan Chase CEO Jamie Dimon stressed the need for the private sector to play a bigger role in ensuring economic opportunity is shared more widely across the US population.

In markets news: 
  • A top strategist warns the "intellectual health of society" is in danger — and explains why investors should be very worried
  • Investors are dying to know if the Cambridge Analytica scandal means people use Facebook less
  • Morgan Stanley identified 12 trades to protect you from a stock market meltdown
Lastly, Bloomberg is planning to make readers pay up to read its digital content.

Join the conversation about this story »

NOW WATCH: The market is about to reach an inflection point — here’s how to predict which way it’s going to go


Trump vloggers Diamond & Silk are sticking to their debunked claim about Facebook censorship ahead of congressional testimony

Diamond & Silk Screenshot

  • Pro-Trump vloggers Diamond & Silk claimed to have never been contacted by Facebook after a brief snafu with their official branded page.
  • Emails show that Facebook did indeed reach out to Diamond & Silk multiple times across several platforms.
  • The duo are slated to testify before the House Judiciary Committee on Thursday for a hearing examining allegations of bias and suppression of conservative voices.
  • The hearing comes after Facebook CEO Mark Zuckerberg conducted two marathon testimonies on Capitol Hill regarding privacy policy.

WASHINGTON — Two of President Donald Trump's most ardent supporters, YouTube personalities Lynnette Hardaway and Rochelle Richardson, who go by their stage names "Diamond & Silk," are slated to testify before the House Judiciary Committee on Thursday, where they plan on discussing allegations of censorship and suppression on social media platforms like Facebook.

The duo recently claimed their Facebook page was shut down and the subject of unfair treatment because of their support for Trump. The claims were parroted across right wing media outlets like Fox News, where Diamond & Silk are frequent on-air guests.

In a telephone interview with Business Insider on Monday, Hardaway and Richardson stuck to their story about not being contacted by Facebook.

"This not like we just magically just pulled this out of the air," Richardson added. "We went back and forth with Facebook only for Facebook to come and email us on April the 5th to let us know that we are unsafe to the community. They deemed us unsafe to the community."

Facebook CEO Mark Zuckerberg assured lawmakers during his congressional testimony that the "unsafe to the community" label was a technical error.

"Our team made an enforcement error," he said. "And we have already gotten in touch with them to reverse it."

Hardaway and Richardson said, as they have many times in appearances on Fox News, that they were not contacted by Facebook in any official capacity.

"Facebook said they was in direct communication with us," said Richardson. "Direct communication is as if they talked to us. That’s what direct communication means. Direct communication means that you know that we are also in communication, OK? That didn't happen."

But messages obtained by conservative commentator Erick Erickson show that Facebook reached out to Hardaway and Richardson several times through phone, Facebook Messenger, and multiple email addresses.

But Hardaway suggested that any emails Facebook officials may have sent should not be expected to be read, because their inbox is quite full.

"The first message we received from Facebook was via Twitter," said Hardawy. "Now keep in mind we have 46,000 — now 47,000 — emails in our inbox. You want me to tell you how we know it comes from Facebook, because it's gonna say 'Facebook.'"

Republicans, including the president, are big fans of Diamond & Silk

WASHINGTON, DC - APRIL 11: Facebook co-founder, Chairman and CEO Mark Zuckerberg smiles at the conclusion of his testimony before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018 in Washington, DC. This is the second day of testimony before Congress by Zuckerberg, 33, after it was reported that 87 million Facebook users had their personal information harvested by Cambridge Analytica, a British political consulting firm linked to the Trump campaign. (Photo by Chip Somodevilla/Getty Images)

Diamond & Silk said they have not spoken to Trump in advance of the hearing, nor have they spoken to their representative in North Carolina where they reside, Republican Rich Hudson.

But Trump has sang praises for the duo to White House staff. He has often referred to them as "fantastic," according to The Daily Beast.

Diamond & Silk were a frequent topic during Zuckerberg's marathon hearings on Capitol Hill earlier this month.

Republicans probed Zuckerberg about allegations of bias against conservatives and if that is the regular practice of Facebook. One Republican, Missouri Rep. Billy Long, even brought out a large poster of Diamond & Silk to display behind himself while questioning Zuckerberg.

Hardaway and Richardson said they were "in shock" at the outpouring of support from Republicans in Congress and that their plight against the social media giants is relatable for conservatives across the political landscape.

Zuckerberg said suppression of certain political speech on Facebook is "a fair concern that people would at least wonder about" because Silicon Valley is known for its left-leaning politics.

But Zuckerberg said that Facebook unequivocally does not deliberately censor or prohibit speech for political reasons.

"There is absolutely no directive in any of the changes that we make to have a bias in anything that we do," Zuckerberg said during his testimony to the House Energy & Commerce Committe. "To the contrary, our goal is to be a platform for all ideas." 

On Tuesday, Facebook announced a new set of community standards and a revamped appeals process, which Zuckerberg called a "first step in this direction is creating full transparency about our current rules and how we enforce them."

"Balancing free speech and safety is a challenge both on and off Facebook," Zuckerberg added. "We'll continue working hard to get this right for our community, and I look forward to sharing the next steps over the coming months."

SEE ALSO: The Koch network is ramping up their push for Congress to fix DACA

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NOW WATCH: 3 reasons why North and South Korean reunification is unlikely


Teens would rather break their bones than lose their phones

With access to apps that instantly connects us to millions of users, much of our day is spent hunched over a screen. Adam Alter, author of ''Irresistible,'' explores the rise of technology addiction - specifically in teenagers. The following is a transcript of the video. 

Adam Alter: Nomophobia is a new word that's being coined to describe no mobile phobia and it's the idea that a lot of us, in thinking about not having our phones, experience something like a phobia and this is supposed to describe hundreds of millions of people today and I'm sure that number is growing at the moment. What that means is that when you think about, for example, your phone falling out of your pocket, tumbling to the ground and shattering into a million pieces, you should experience anxiety symptoms and it's especially true among young people.

Alter: I ran a study at one point where I asked young people, a whole lot of teenagers, a very simple question. I said to them, "Imagine you have this very unpleasant choice. So, you can either watch your phone tumble to the ground and shatter into a million pieces or you can have a small bone in your hand broken." Now, that seems to people of a certain age and older like a fairly straightforward question with a straightforward answer. It seems ridiculous. Of course you choose to save the integrity of your hand and let your phone break. You can always replace a phone, but for young people this is actually a very difficult question. In my experience, about 40% - 50% of them will say, "Ultimately, I think it probably makes more sense to have a bone in my hand broken than it does to have my phone broken."

Alter: And, you can understand why that is, apart from the fact that it is expensive to have a phone repaired and there's some time where you're without your phone, that is their portal to a social world that is very important to them. Being without that social world for a while is probably not as detrimental in some respects as being without a particular bone in your hand. Most of the time, you can get by and you can see this in the way they ask follow-up questions. So, a lot of these teens will say to me things like, "Is it my left hand or my right hand?" and the most important question, "Once I break that bone in my hand, can I still use my phone? Is it a bone that I need to be able to scroll on the phone, because if it is, then that's no deal, but if it's not a bone that I need to use my screen at least I can continue to use my phone during the time I'm healing." If people are willing to endure physical harm to keep their phones that obviously suggests that this is a major issue.

Alter: The definition that I like for behavioral addiction that makes the most sense to me is an experience that we return to compulsively over and over again because it feels good in a short run but in the long run, it ultimately undermines our well-being in some respect. So, it can be someone who notices that over time their social relationships are degrading because they don't have a consistent, face-to-face contact with people and that's especially problematic for kids who need time in that real face-to-face social world because that's where they develop all the competencies of being a social creature. The way to work out what other people are thinking, to share your feelings in a way that you want them to be shared for other people to understand you for you to make just the right facial expressions at just the right times. Those seem like obvious and easy-to-do things for most adults but for kids it's very difficult to do that. They take time to hone those skills and so you need face-to-face time to do that and if you don't have that, if you're spending all your time on screens because it's really fun to crush one more candy on Candy Crush or do whatever it is that you might be doing, you're not developing those long-term competencies and therefore your long-term well-being is degraded.

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13 truck drivers came together to create a barricade with their vehicles to prevent a man from jumping off an overpass

truck_barricade skitch

  • Early Tuesday morning, 13 truck drivers near Coolidge, Michigan, came together to stop a man from jumping off an overpass along I-65.
  • Police officers flagged six to seven passing drivers to join the barricade, according to a Facebook post.
  • The vehicle barricade remained in place form 1 to 3 a.m.
  • The man was ultimately talked down from the ledge.


Everyday heroes are all around us, often in the places we least expect them. It might sound cliché, but it's true. 

Early Tuesday morning, 13 truck drivers certainly proved themselves as such when they joined together in a life-saving act of kindness. The drivers used their vehicles to form a barricade in order to prevent a man from jumping off an overpass along I-65 near Coolidge, Michigan. 

A picture of the barricade, which was posted to the Twisted Trucker's Facebook page, is going viral.

"Teamwork in Detroit," the caption of the picture said. "Guy over on the bridge in the white was trying to commit suicide, truckers all lined up to try to prevent it."

Chris Harrison, who claims to have driven the truck on the far left, explained how it all came together in a comment on the post.

"The cops came up and waved 6 or 7 of us through and then stopped us under the bridge," he wrote. "Same thing on the west bound [sic] side."

truck_barricade skitch

Harrison said the drivers remained in place from 1 to 3 a.m. until the man was talked down from the overpass. Once he was out of harm's way, police and highway patrolmen thanked the drivers, shook their hands, and let them go.

This situation truly shows that incredible things can happen when a group of kind strangers comes together.

Chris Harrison didn't immediately return INSIDER's request for comment.

If you or someone you know is struggling with depression or has had thoughts of harming themselves or taking their own life, get help. The National Suicide Prevention Lifeline (1-800-273-8255) provides 24/7, free, confidential support for people in distress, as well as best practices for professionals and resources to aid in prevention and crisis situations.

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NOW WATCH: We visited the viral cheesecake on a stick food truck in Toronto


A golf course called the cops on black members for apparently playing too slowly

grandview golf club

  • Grandview Golf Club apologized to five of its members after calling the cops on them.
  • The members are all black women.
  • Steve Chronister, one of the club's employees, apparently misidentified himself as the owner and said they were playing too slowly.

 

A golf club apologized to five black women after calling the police because they were apparently playing too slowly.

On Sunday, the club apologized for its treatment of the group.

"We are disappointed that this situation occurred and regret that our members were made to feel uncomfortable in any way," JJ Chronister, the co-owner of Grandview Golf Club, told the York Daily Record. "We have reached out to the members who shared their concerns to meet in-person, to fully understand what happened so that we can ensure it never happens again."

Sandra Thompson — an attorney and the president of the York branch of the NAACP — and five of her friends, who are all experienced golfers, played on the course on Saturday.

They said that they were asked to leave while taking a break halfway through they course. Steve Chronister, who identified himself as the golf club's owner, said their break was too long. Chronister then offered to refund their membership fees, according to Thompson.

"I said, 'Do you realize we're the only black women on this course, and you're only coming up to us? We paid, we want to play.' He walked off in a huff," Thompson told the Daily Record.

Steve Chronister does not actually own the club. He only serves in an avisory role for the organization.

Three of the group's members left early because they were "shaken up by the incident," according to the Daily Record. Moments later, Northern York County Regional Police arrived and conducted interviews. They did not file any charges.

"I felt we were discriminated against," Myneca Ojo, who golfed with the group, told the Daily Record. "It was a horrific experience."

A representative for Grandview Golf Club did not immediately respond to INSIDER's request for comment.

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NOW WATCH: A neuroscientist explains why reality may just be a hallucination


The dollar's getting stronger — and that could be bad news

Worried nervous trader

  • The dollar has been rallying against other major currencies over the past week. 
  • But some think it could be strengthening for negative reasons.
  • Follow the dollar in real time here. 

Whether a strong dollar is a good or bad thing remains highly debated among economists. But there is generally one consensus among them — it's important to look at why the dollar is moving.

The greenback has jumped more than 1.5% against the yen and euro since last Monday. And it's made even bigger gains versus other currencies, including the New Zealand dollar and the British pound. 

Bilal Hafeez, a foreign exchange strategist at Nomura, thinks the greenback is rising for "bad" reasons.

"US risk markets such as equities and credit have weakened over the same period while the dollar has rallied," he said. "The dollar is rallying in a negative environment."

Hafeez noted the recent commodities rally, which is credited for helping the dollar tick higher, was driven by trade tensions and other geopolitical worries rather than global demand. And those price dynamics may spill over into the rates market, he says.

US government bond yields have been jumping over the past week, with the 10-year Treasury yield hitting the key 3% level for the first time since 2014 on Tuesday. That could signal markets are positioning themselves for a slowdown in growth.

"If anything this suggests rates markets are expecting the Fed to be forced into more hikes to curb these inflationary pressures," he said. "This provides a more negative backdrop for the dollar rally."

Elsewhere, equities have remained relatively sluggish as the dollar climbs. Stocks have been slow to react to a recent series of strong corporate earnings. 

"Instead higher US yields could be de-rating stocks, and investor equity longs and fears on tech hardware seem to be weighing on stocks," he said.

Screen Shot 2018 04 24 at 9.52.48 AMThough the dollar index — a measurement of the greenback versus its major peers — paused Tuesday, some think it will continue strengthening.

The Federal Reserve is on track to raise rates two or three times more this year, which is relatively faster than the other major central banks. That could push rate differentials wider and further boost the dollar, according to FXTM Chief Market Strategist Hussein Sayed. 

"Unless President Trump surprises us with a new Tweet, we may see further greenback appreciation," he added.

But that's all the more reason to trade in US dollars for so-called safe haven currencies, according to Hafeez.

"In such an environment, we think the best way of holding onto a core short dollar position would be to sell it against the yen," Hafeez said.

SEE ALSO: Bitcoin hits its highest levels in over a month as crypto markets rebound

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NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown


Stocks are tumbling after a key interest-rate benchmark hit its highest level since 2014

Screen Shot 2018 04 24 at 1.08.14 PM

  • US stocks tumbled Tuesday after the closely-watched 10-year Treasury yield climbed above the 3% level for the first time since 2014.
  • Selling was also pronounced in the tech sector after Google's quarterly earnings report disappointed investors.
  • Follow the Dow Jones industrial average.

US stocks tumbled Tuesday after the closely-watched 10-year Treasury yield climbed above the 3% level for the first time since 2014. Selling in mega-cap tech stocks also put pressure on major indexes.

The Dow Jones industrial average slid more than 1.5%, or 374 points, while the benchmark S&P 500 dropped as much as 0.9%. The comparatively tech-heavy Nasdaq 100 saw deeper weakness, falling more than 2% at its intraday low.

Perhaps the biggest overhang on investor sentiment on Tuesday was the 10-year's breach of 3%, which had been pinpointed by market experts as a worrisome threshold. The fear is that higher yields will dampen spending as consumers and companies allocate more to repaying debt. The 10-year is a benchmark for mortgage rates.

Stock investors, in particular, are also keenly aware of where the 10-year is trading, because it helps inform the Federal Reserve's monetary tightening schedule. Any sign that the central bank will raise interest rates faster than expected is viewed as negative for equities since hikes will theoretically lessen the appeal of stocks.

And sure enough, the S&P 500 started falling from its daily highs just one minute after the 10-year broke 3%.

Meanwhile, weakness in many of the large tech stocks that have led the nine-year bull market also weighed on major gauges. At the center of the selling was Google's parent company Alphabet, whose better-than-expected quarterly sales were overshadowed by rising expenses and a looming regulatory clampdown.

Alphabet declined as much as 5.2%. Other major losers in the tech sector include Micron (-4.5%), Facebook (-3.5%), and Adobe Systems (-2.7%).

Check out Business Insider's recent market coverage:

  • Don't be fooled by retail's market resurgence — one Wall Street firm explains why the worst is yet to come for brick-and-mortar stocks
  • One stock-trading strategy has quietly been crushing the market — and Goldman Sachs says it's just getting started
  • One popular trade is stuck in its worst stretch in 35 years — but Morgan Stanley has the perfect strategy for a big comeback
  • The stock market's 'secret medication for longevity' has vanished — and that leaves it highly vulnerable to a meltdown
  • Morgan Stanley identified 12 trades to protect you from a stock market meltdown
  • GOLDMAN SACHS: Tech stocks face a looming risk that would make them less appealing

Elsewhere in global equity markets, the Shanghai Composite climbed 2%, while the Stoxx Europe 600 was little changed. In the bond market, the 10-year US Treasury yield rose four basis points, to 2.95%, just below the 3% level it breached earlier in the day.

Here's a rundown of other asset classes:

  • US Dollar Index, -0.20%
  • Crude oil (WTI), -0.45%
  • Cboe Volatility Index (VIX), +8.2%
  • Gold, +0.72%
  • Bitcoin, +4.59%

Join the conversation about this story »

NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown


Everything we know about the victims of the Toronto van attack

toronto attack investigation

At least 10 people were killed and 15 others were injured when a white rental van jumped onto the sidewalk of a busy Toronto intersection, sped down the road, and mowed down multiple victims in the way.

Alek Minassian, the 25-year-old suspect, was arrested and identified by police shortly after the attack. Police said the crash "definitely looked deliberate" but maintained that the motive was unknown.

Here's what we know about the people who were killed and injured in the attack. We will update the list as we know more.

SEE ALSO: What we know about Alek Minassian, the 25-year-old suspect in the Toronto van attack

DON'T MISS: The Toronto van attack suspect warned of an 'incel rebellion' on Facebook hours before the attack — here's what that means

Anne Marie D'Amico

D'Amico was the first victim to be identified in Canadian press. She worked for Invesco, an investment management firm that had offices on Yonge Street, where the white van sped down during the attack.

D'Amico's family told CBC News in a statement:

"She genuinely wanted to care for all those around her even if it meant sacrificing a portion of herself in return for others' happiness. She only had kindness in her.

"Her name has been broadcast around the world, attached to this terrible tragedy. But we want everyone to know that she embodied the definition of altruism."



Two unnamed South Koreans died, and one was injured.

Two South Korean nationals died and one was seriously injured in the attack, South Korea's Yonhap News Agency reported on Tuesday, citing government officials in Seoul.

The government has contacted the victims' families and have dispatched consular staff to local hospitals and police stations to find out more information about its citizens, Yonhap added.



One unidentified male victim died while witness Diego DeMatos was trying to perform CPR on him.

DeMatos told CNN he tried to perform CPR on a man on the side of the street, but it was too late.

"I parked my car and went over to try to perform CPR on him but then as I am doing it, the guy I was trying to help was dead. He died in our arms," he told CNN's Erin Burnett.



See the rest of the story at Business Insider

Millennials almost killed Diet Coke — now they're fueling its turnaround (KO)

Diet Coke

  • Diet Coke finally reversed its downward spiral, Coca-Cola reported on Tuesday.
  • In January, Diet Coke launched new flavors, packaging, and advertising in an attempt to win over millennial customers. 
  • Coca-Cola CEO James Quincey said that the company is considering adding "new, interesting" varieties to the Diet Coke line up, after flavors like Feisty Cherry and Twisted Mango helped win over millennial shoppers. 

 

After years of struggle, Diet Coke is finally on the cusp of a turnaround. 

On Tuesday, Coca-Cola reported that Diet Coke "returned to volume growth in North America" for the first time in years. The success follows a brand revamp announced in January, when Coca-Cola rolled out new flavors, packaging, and advertising for Diet Coke. 

The revamp proved "bold enough and interesting enough" to reverse Diet Coke's negative sales trend, Coca-Cola CEO James Quincey said in a call with investors. According to Quincey, the "small positive" growth by volume came from three major groups: lapsed Diet Coke drinkers, people drinking flavored and sparkling water, and millennials.

Diet CokeAttracting millennials has been front-and-center in Coca-Cola's plan for Diet Coke's comeback. 

The sleek cans and new flavors, such as Feisty Cherry and Twisted Mango, aimed for a trendier drinker than Coca-Cola Classic. According to Quincey, one-third of the sales improvement by volume could be attributed to the new flavors, while two-thirds were connected to classic Diet Coke.

"I think the flavors certainly caught people's attention. I can imagine we will now follow up with some new, interesting flavors," Quincey said on a call with reporters on Tuesday. 

Marketing has also been aimed at millennials, with a Super Bowl ad that was originally designed for social media and Instagram meme account Girl With No Job posting Diet Coke sponsored content for her 2.8 million followers. Quincey says that, while the company is continuing to analyze the results, the more "contemporary" advertising also played a role. 

Historically, Diet Coke has failed to fully win over millennials, as younger Americans have turned away from soda. 

For the last few years, Diet Coke has been the weakest link in the company's cola lineup. Industry publication Beverage Digest reported Diet Coke US sales by the dollar dropped 1.9% in 2016.

Americans are increasingly cutting sugar out of their diets, meaning that they're drinking less of sugary sodas. But shoppers remain suspicious of Diet Coke's use of artificial ingredients. From 2005 to 2017, diet soda sales dropped a whopping 34%.

However, the suspicion over diet colas may be waning, as Quincey says Americans are grouping zero-calorie sodas alongside flavored sparkling water — one of the fastest-growing beverage categories. 

"There's a blurring of the categories going on," Quincey said. 

SEE ALSO: Diet Coke has just rolled out 4 shocking new flavors — here's the verdict

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NOW WATCH: How all-you-can-eat restaurants don't go bankrupt


Facebook is sliding after publishing a list of rules about what is and isn't allowed on the platform (FB)

Facebook

  • Facebook published a list of guidelines on objectionable content, violent and criminal behavior, and intellectual property Tuesday morning.
  • Shares are down more than 3%. 
  • Facebook reports earnings after Wednesday's closing bell. 

Facebook shares are lower by 3.2% at $160.53 apiece Tuesday after the company published a list of guidelines on objectionable content, violent and criminal behavior, and intellectual property.

The announcement from Facebook is the latest attempt by the social-media giant to distance itself from the Cambridge Analytica data scandal that surfaced in March. Cambridge Analytica, a political-research firm, had illegally accessed roughly 87 million users' data. 

News of the scandal caused Facebook shares to plunge as much as 19.5% in two weeks following, wiping out nearly $100 billion of market cap.

Even before the scandal, Facebook was dealing with a fake news problem. that caused the company to rejigger its algorithm in order to prioritize friend-related and personal content over news. 

Facebook reports its first-quarter results after Wednesday's closing bell. Wall Street is expecting the company to earn $1.38 a share on revenue of $11.41 billion. 

Facebook is down 11.89% for the year. 

SEE ALSO: JAMIE DIMON: 'The benefits of economic growth have been unevenly shared'

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NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown


Americans just made a major about-face on the stock market for the first time since Trump's election

nervous fan radio listening

  • For the first time since the election in 2016, more Americans expect stocks to fall over the next 12 months than rise, according to Conference Board's Consumer Confidence survey in April.
  • Stocks peaked in January 2018 after a 22% surge in the prior year.

Americans have turned on the stock market — for now. 

More people expect the stock market to fall over the next year than people who predict the opposite, according to the Conference Board's April survey of consumers.

The index that tracks expectations for a decrease frequently zooms past the index that tracks an increase. But this happened in April for the first time since the election in November 2016, when the stock market extended what became known as the Trump rally. 

Stocks peaked in January 2018 after a 22% surge in the prior year, the second-best annual gain since the Great Recession. That month, the index of expectations for stocks to continue rising peaked, too. 

The good news is that consumers' overall assessment of the economy is still good, and in fact improved in April.  

stocks increase vs decrease v2

SEE ALSO: There are signs Trump's trade friction is killing jobs in big manufacturing states

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NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown


Steve Mnuchin is scrambling to head off Trump's possible trade war with China

mncuhin china

  • President Donald Trump said Treasury Secretary Mnuchin will go to China in the coming days.
  • The meeting will come amid increased tensions due to new tariffs and trade restrictions.


President Donald Trump on Tuesday said Treasury Secretary Steven Mnuchin will head to China in the coming days as the administration attempts to repair the fraying trade relationship between China and the US.

Mnuchin suggested over the weekend that a trip to China was possible. Many analysts believed the move could be the first step on the path to fixing the Sino-American economic relationship.

"You know we've put on very serious tariffs and those will continue unless we make a trade deal," Trump said of the trip during a White House meeting with French President Emmanuel Macron. "I think we've got a very good chance of making a deal."

The trip is set to come after two months of growing trade tensions between the US and China.

The two countries announced tariffs on $50 billion worth of goods from the other. Trump also has suggested another set of tariffs on $100 billion worth of Chinese goods could be on the way.

Trump has also imposed restrictions on the Chinese technology firm ZTE's investment into the US, and he is apparently considering additional limits on Chinese firms investing in the US, particularly in American technology companies.

The tit-for-tat moves have caused some economists to warn about the possibility of a trade war, which could be economically harmful for the US, lead to higher prices for consumers, and result in a recession.

Chinese officials have warned that while a trade war was not the optimal outcome, the country was prepared to go down that path if necessary.

In an effort to deescalate the rising tensions, Mnuchin on Saturday met with Yi Gang, the governor of the People's Bank of China, at the International Monetary Fund's spring meetings. During that meeting, Mnuchin said the two sides had begun a "dialogue" on trade.

"We’re cautiously optimistic to see if we can try to reach an agreement," Mnuchin said.

In a statement Sunday, the Chinese commerce ministry said it was open to a visit from Mnuchin.

"The Chinese side has received information that the US side hopes to come to Beijing to discuss economic and trade issues," the statement said. "China welcomes this."

Ed Mills, a policy analyst at Raymond James, said negotiations represent a good first attempt at preventing a trade war but do not guarantee success.

"Negotiations between the two sides may set the stage for compromise on some issues, but it will be difficult to settle all issues in the short-term," Mills said in a note to clients on Tuesday.

Trump said later Tuesday that he believes the trade dispute with China will "work out."

SEE ALSO: Trump's trade fight is getting blasted by some of the most powerful economic groups in the world

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The cofounder of the Hard Rock Cafe just sold his mansion on Billionaire's Beach in Malibu for a record-breaking $110 million

Malibu Carbon Beach

  • A home on Billionaire's Beach in Malibu, California, sold for $110 million — the most expensive home sale in Los Angeles County history.
  • The cofounder of the Hard Rock Cafe chain sold the beachfront property to a natural gas billionaire.
  • Billionaire's Beach is home to several notable residents, including Oracle cofounder Larry Ellison.

 

Peter Morton, cofounder of the Hard Rock Cafe chain, just set a new, mind-boggling record for Los Angeles real estate.

The restaurateur sold his beachfront Malibu, California, home to natural gas billionaire Michael S. Smith and his wife, for $110 million, or about $15,860 per square foot. It's officially the most expensive home sale in Los Angeles County history according to the Los Angeles Times, which says the deal is expected to close Tuesday.

The 6,934-square foot mansion sits on the shores of Carbon Beach, a 1.5-mile stretch of sand between the iconic Pacific Coast Highway and the glistening Pacific Ocean nicknamed "Billionaire's Beach" as an homage to the ultra-wealthy residents who call it home. 

Up until mid-2015, the beach was largely closed off to the public. But after a decades-long, complicated legal battle between the state and homeowners, its 70-plus residences share their backyard with tourists and beachgoers from sun up to sun down.

malibu carbon beach most expensive sale

Malibu's previous record sale took place in 2017 when David Geffen, the billionaire founder of Asylum Records and Geffen Records and cofounder of DreamWorks, sold his Carbon Beach compound to Los Angeles Dodgers owner and Guggenheim Partners CEO Mark Walter for $85 million.

The $110 million compound comes with a notable neighbor. Oracle founder Larry Ellison owns the homes on either side, just two of the 10 properties he reportedly owns on Carbon Beach.

Take a tour of Billionaire's Beach »

The $110 million sale is only for the structure — none of the high-end furniture or Morton's expensive artwork collection is included. Set on an estimated two-thirds of an acre, the property contains two separate buildings: A main residence with four en suite bedrooms and a two-story guest house with another three en suite bedrooms. There's also a lap pool and courtyard on the property. Operable teak wood shutters surround the exterior, in addition to bronze and concrete finishes. 

Malibu Carbon Beach

Not much else is known about the home's interiors or amenities, as the deal was completed off-market between Branden and Rayni Williams of Williams & Williams Estates at Hilton & Hyland and Barry Peele of Sotheby’s International Realty.

Morton has reportedly owned the land on Carbon Beach since the 1990s. The home was designed by architect Richard Meier and completed in 2006, the same year Morton sold the Hard Rock Hotel & Casino in Las Vegas for $770 million. A decade earlier he sold his shares in the Hard Rock Cafe for a profit of $300 million, according to the LA Times.

This isn't the first time Moron's real estate dealings have made headlines. In late 2012, he bought Elvis Presley's old Beverly Hills mansion for $9.8 million and renovated it before selling it off-market just one year later for $14.5 million.

SEE ALSO: Nobody wants to buy Warren Buffett's $11 million Southern California vacation home — take a look inside

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The most famous unsolved crimes in every state

louisiana cold case

Some cold cases are finally solved after decades of meticulous detective work, while others remain a mystery. Across the US, there are serial killers who have never been caught and missing people that have never been found. 

Here are 50 famous mysteries that have remained unsolved.

Editor's Note: Warning that these accounts may be upsetting to some as they describe details of real-life cases.

ALABAMA: Sherry Lynn Marler went missing from Greenville in 1984.

On June 6, 1984, 12-year-old Greenville native Sherry Lynn Marler went into town with her stepfather to run errands. While he went to the bank to sign some papers, he gave her a dollar to buy a soda from a vending machine and told her to meet him back at his truck in 15 minutes. She hasn't been seen since.

"That's when our nightmare started 30 and a half years ago," Marler's mother, Betty Stringfellow, told the Montgomery Advertiser in 2015.

Marler's disappearance was featured on the TV show "Unsolved Mysteries."



ALASKA: Passengers on the fishing boat Investor were killed in Craig in 1982.

Eight people, including a man, his pregnant wife, their two children, and teenage deckhands, were shot to death aboard a fishing boat called the Investor on September 6, 1982, People reported. The killer is then believed to have returned to the scene the next afternoon to set the boat on fire.

It was the biggest mass murder in Alaskan history and rocked the small fishing town of Craig, where it took place.

The case was featured on People Magazine Investigates on Investigation Discovery.



ARIZONA: Pauline Robbin Burgett was fatally stabbed in 1978.

On March 12, 1978, Chad Burgett returned home to Phoenix after a weekend away with his mother to find his sister, Pauline Robbin, murdered with multiple stab wounds.

Police think that whoever killed the 16-year-old knew her. They have DNA evidence but no source for it yet, according to Fox 10 Phoenix.



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Here's what we know about Alek Minassian, the 25-year-old suspect in the Toronto van attack

alek minassian

  • The police have identified Alek Minassian, 25, as the suspect accused of killing 10 people and injured 15 with a rented van on Monday in Toronto.
  • The police arrested Minassian on Monday, and a judge charged him on multiple counts of first-degree and attempted murder the next day.
  • Minassian's Facebook account posted about an "incel rebellion" hours before the attack took place.
  • Local reporting and interviews with those who knew him detail a quiet, tech-savvy man with no known religious or political affiliations.

The police have identified Alek Minassian, 25, as the suspect accused of killing 10 people and injuring 15 others with a rented van in Toronto on Monday.

The carnage occurred at about 1:30 p.m. local time, with authorities saying Minassian was found in a white rental truck and arrested about 20 minutes later.

A Toronto judge charged Minassian on 10 counts of first-degree murder and 13 counts of attempted murder on Tuesday.

Police said Minassian lived in Richmond Hill, Ontario, but provided no further details.

An awkward, tech-savvy man

toronto attack investigation

Former classmates described Minassian as being quiet, socially awkward, and good with computers but lacking any religious or political affiliation, according to The Globe and Mail.

All of the interviewed students who knew Minassian found the news of his arrest surprising, though a few described him to The Globe and Mail as having trouble speaking and physical tics.

Ralph Goodale, Canada's minister of public safety, told reporters the episode didn't appear to be related to terrorism.

"I've had the opportunity to consult with the senior officials of the security and police agencies of the government of Canada, and on the basis of all available information at the present time there would appear to be no national security connection to this particular incident," Goodale said.

Not an accident

toronto attack witness

Still, in a news conference on Monday evening, Chief Mark Saunders of the Toronto Police Service said the violence wasn't an accident.

"The incident definitely looked deliberate," Saunders said.

Video obtained by the Canadian Broadcasting Corporation appears to show Minassian just before his arrest. In the video, a person emerges from a white van parked on a sidewalk waving an object and yelling at a police officer whose gun was drawn.

The person at various points appears to shout "kill me," "I've got a gun in my pocket," and "shoot me in the head" at the officer.

Bill Bratton, the former New York police commissioner, reportedly told MSNBC that officials in Canada said Minassian was known to authorities before the attack, but the Toronto police maintain that he was not known to them.

Minassian appeared to identify as an "incel," or "involuntary celibate," in a Facebook post published hours before Monday's attack.

He also appeared to hail Elliot Rodger, a 22-year-old who killed six people in Isla Vista, California, in 2014 and who justified his attack as "retribution" for the rejections he previously received from women.

SEE ALSO: Van jumps sidewalk in Toronto, killing 10 pedestrians and injuring 15; police say driver is in custody

DON'T MISS: The first victim of the Toronto van attack has been named

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The most famous comedian the year you were born

comedians

The most important role of comedy is to make us laugh, even when we don't feel like laughing. And as audiences change over the years, so do the comedians they respond to.

The comedians of the '60s and '70s may or may not feel relevant today, just as the comedians of today might not be relevant in 10 years.

To determine the most famous comedian, we used Nielsen ratings for popular shows, award winners from each year, and looked subjectively at how much of a cultural impact each had.

1963 — Jerry Lewis

Jerry Lewis is total comedy royalty, with starring roles and buddy comedies with Dean Martin, in films spanning decades. But he hit his big solo break in the 1963 with the comedy "The Nutty Professor."

He later would be best known for his support and telethons for the Muscular Dystrophy Association.

"I get paid for what most kids get punished for."



1964 — Dick Van Dyke

It's hard to pick one year that comedian Dick Van Dyke ruled the comedy scene. He starred in his own show "The Dick Van Dyke Show" beginning in 1961 and starred in "Bye Bye Birdie" in 1963. But he really became an icon in 1964 with his role as Bert in "Mary Poppins."

"I didn't realize how many different kinds of falls I did in that show. At this banquet recently, they showed a little clip of all my falls. I said, 'No wonder there's arthritis in my spine.'"



1965 — Barbara Eden

If you don't recognize Barbara Eden at first, you sure will when she wiggles her nose. When "I Dream of Jeannie" premiered in 1965, Eden's role as "Jeannie" quickly became iconic, though she had been on the comedy scene for years. 

She went on to appear in "Sabrina The Teenage Witch," "Dallas," and "Army Wives." 

"I have to make dinner — I mean actually make it without magic. We are liable to die."



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The Toronto van attack suspect warned of an 'incel rebellion' on Facebook hours before the attack — here's what that means

alek minassian

  • Alek Minassian's Facebook account posted about an "incel rebellion" hours before the Toronto van attack took place.
  • An "incel," or "involuntary celibate," usually refers to a man who lacks romantic relationships with women.
  • The post also hailed Elliot Rodgers, a man who identified himself as "incel" before killing six people and himself.

The Facebook account of Alek Minassian, the suspect behind the Toronto van attack on Monday, threatened an "incel rebellion" in a post hours before the attack took place.

The now-deleted post from Minassian's account, posted on Monday, read:

"Private (Recruit) Minassian Infantry 00010, wishing to speak to Sgt 4chan please. C23249161.

The Incel Rebellion has already begun! We will overthrow all the Chads and Stacys! All hail the Supreme Gentleman Elliot Rodger!"

Catherine McDonald, a crime reporter at Global News TV channel in Toronto, shared a photo of the post:

What 'incel' is

"Incel" is short for "involuntary celibate," and usually refers to a man who has failed to interact with women, and lacks romantic relationships and sex. Men who identify this way have a history of advocating for rape and violence against women.

Elliot Rodger, the man to whom Minassian appeared to pledge allegiance, shot himself in the head after killing six people — three of whom via stabbing — in Isla Vista, California, in 2014.

Before his rampage, Rodger wrote a 140-page manifesto and recorded a video in which he lashed out at women for rebuffing him, and justified his attack as an act of "retribution." He also appeared to identify as incel in online posts before his death.

Reddit banned the r/Incel community, a self-styled incel "support group," last year as part of its promise to crack down on content promoting and glorifying violence against people. Many of r/Incel's posts called for rape and violence against women, and referred to Rodgers as "Saint Elliot."

Minassian's connection

Facebook confirmed to Global News reporter Catherine McDonald on Tuesday that Minassian's post was authentic, and that it has deleted his Facebook account.

When the post and Minassian's account were deleted remains unclear. Business Insider has contacted Facebook for clarification.

Minassian was charged on 10 counts of first-degree murder and 13 counts of attempted murder on Tuesday morning. Police say the motive remains unclear.

SEE ALSO: Here's what we know about Alek Minassian, the 25-year-old suspect in the Toronto van attack

DON'T MISS: Reddit bans Incel, a community that advocated rape and violence against women, from its site

Join the conversation about this story »

NOW WATCH: Stop blaming violent video games for mass shootings


THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

smart home voice assistant benefits

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money between them are all feeling its effects differently.

For banks, card networks, and processors, the digital revolution is bringing new opportunities — and new challenges. With new ways to pay emerging, incumbent firms can take advantage of solid brand recognition and large customer bases to woo new customers and keep those they already have.

And for consumers, the digital revolution is providing more choice and making their lives easier. Digital wallets are simplifying purchases, allowing users to pay online with only a username and password and in-store with just a swipe of their thumb. 

In a new report, Business Insider Intelligence explores the digital payments ecosystem today, its growth drivers, and where the industry is headed. It begins by tracing the path of an in-store card payment from processing to settlement across the key stakeholders. That process is central to understanding payments, and has changed slowly in the face of disruption. The report also forecasts growth and defines drivers for key digital payment types through 2021. Finally, it highlights five trends that are changing payments, looking at how disparate factors, such as surprise elections and fraud surges, are sparking change across the ecosystem.

Here are some key takeaways from the report:

  • Digital growth is accelerating the pace at which payments are becoming faster, cheaper, and more convenient. That benefits both nimble startups and legacy providers that invest in innovation.
  • Mobile payments are continuing to take off. On mobile devices, e-commerce, P2P payments, remittances, and in-store payments are each expected to rise as customer engagement shifts from more established channels.
  • Power is shifting to companies that control the customer experience. As the selling power of physical storefronts shifts to digital devices, the companies that control the apps and platforms that occupy users’ attentions are increasingly encroaching on payment providers’ territory. 
  • Alternative technologies are moving from the idea stage to reality. Widespread investments in blockchain technology last year are beginning to result in services hitting the market, promising to further squeeze margins for payments providers. 

In full, the report:

  • Traces the path of an in-store card payment from processing to settlement across the key stakeholders.  
  • Forecasts growth and defines drivers for key digital payment types through 2021.
  • Highlights five trends that are changing payments, looking at how disparate factors, such as surprise elections and fraud surges, are sparking change across the ecosystem.

Subscribe to an All-Access membership to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
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CRYPTO INSIDER: The oldest bitcoin exchange is for sale

art auction

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

European cryptocurrency exchange Bitstamp is up for sale, according to people familiar with the deal, and a South Korean gaming company is said to be in pole position to acquire it. The price is said to be around $350 million.

Here are the current crypto prices:

Crypto prices today

In the news: 

  • Bitcoin hits its highest levels in over a month as crypto markets rebound
  • A blockchain startup wants to let people buy tokens so they can pick which sites are worthy of ads
  • One in 5 finance firms is considering trading cryptocurrencies 
  • A crypto-trading platform has raised $10 million from a Japanese investment giant to go head-to-head with a big business on Wall Street
  • A British TV star is suing Facebook for defamation over 'scam' bitcoin adverts
  • A secretive high-speed trader is providing college kids with a 'launch pad' to build cryptocurrency companies

What other questions do you have about crypto? Ask them in Business Insider's Crypto Insider Facebook group today to discuss with readers from all over the world, as well as BI editorial staff. 

SEE ALSO: The CEO of the oldest bitcoin exchange says all platforms are struggling with 'the massive, massive amount of new users'

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