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Viewsroom

The price of Ultimate Fighting, Uber drivers and fintech

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 12 May 2016

⏱️ 23 minutes

🧾️ Download transcript

Summary

Mixed martial arts' premier promoter may be on the block for as much as $4 billion, putting it in some pricey company. Live sports events are what TV and cable viewers most want to see, though, and therein lies a lesson for the likes of fading ESPN and parent Disney. Uber drivers, meanwhile, scored a win in New York, where the ride hailing service blessed their affiliation with a labor union that could help them negotiate better benefits. And in California, legal documents revealed how much Uber might have owed drivers if they had won their lawsuit to be treated as employees. The numbers make a $100 million settlement look like peanuts. Finally, alternative lenders may face more regulation in the wake of a kerfuffle at Lending Club that cost the company's boss his job. Fortunately for them, Washington watchdogs can't seem to do much more than study the issue. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise.

0:06.2

The economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.9

This Breaking Views podcast is sponsored by Refnative.

0:25.1

The views expressed on this podcast are those of the participants, not of Roiders'

0:30.2

news.

0:34.7

Welcome to the Views Room, a weekly podcast brought to you by Reuters Breaking Views.

0:38.7

I'm Rob Cox, the editor of Breaking Views, coming to you from Zurich, Switzerland.

0:42.2

This week we'll discuss one quasi-exit and another dramatic arrival.

0:46.9

First, Jeff Bezos, the bazillionaire founder of Amazon.com, decided to step down as chief executive officer of the $1.7 trillion company and hand the

0:56.2

baton to Andy Jassy. As my colleague, Jennifer Saba explains, it's not quite the end of an era, though.

1:02.4

First, Bezos will continue as executive chairman, and he still owns more than a tenth of the

1:06.9

company. So while he may not have a veto over the board of directors, let's just say he'll have a lot of influence over Amazon's direction. But it's a big promotion for

1:15.5

Jassy, who has been at Amazon for decades and laterally running AWS, the web services

1:20.4

business that punches way above its weight in terms of growth and most importantly, profitability

1:24.8

inside the company. From Seattle, we head all the way across the Atlantic

1:29.2

to Rome, where Mario Draghi has been summoned by the Italian president to succeed Giuseppe

1:34.4

Conte as prime minister. Super Mario, as many call him for effectively saving Europe single currency

...

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