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The week in business: Crypto lawsuits, the wit of Charlie Munger

Dec 02, 2023 - qz.com
Charlie Munger, vice chair of Berkshire Hathaway, has passed away at 99. Meanwhile, Cristiano Ronaldo is facing legal action for promoting Binance, a crypto exchange he partnered with in November 2022. Virgin Atlantic has successfully completed the world's first long-haul flight powered entirely by alternative fuel, while a study shows that AI poses less of a threat to jobs than to wages.

In other news, Meta's spokesperson, Andy Stone, is on Russia's criminal wanted list. Fast-fashion retailer Shein has confidentially filed to go public in the US, possibly in 2024. Activist investor Nelson Peltz is continuing to seek a seat on Disney's board. Lastly, the sparkle emoji has become an unofficial symbol for AI in tech companies.

Key takeaways:

  • Charlie Munger, the longtime vice chair of Berkshire Hathaway, has passed away at the age of 99.
  • Cristiano Ronaldo is facing legal action for promoting Binance, a crypto exchange he partnered with in November 2022.
  • Virgin Atlantic has successfully conducted the world's first long-haul flight of a passenger plane powered entirely by alternative fuel.
  • Andy Stone, press secretary for Facebook parent Meta, has been put on Russia’s criminal wanted list.
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