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Eurovision Song Contest 2022: How to watch the Grand Final live from the United States

After a few years of uncertainty, NBCUniversal’s Peacock service will stream the fabulous singing competition for the second straight year.

Eurovision Song Contest 2022: How to watch the Grand Final live from the United States
[Source Images: Giorgio Perottino/Getty]

Streaming services in the United States have been playing hot potato with the Eurovision Song Contest in recent years, and not always to great results. Who can forget the dark days of 2019, when the world’s most fabulous singing competition had no official U.S. streaming partner, leaving countless American fans scratching their heads at the last minute.

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The good news is, we’re in a better position this year: For the second year in a row, NBCUniversal’s Peacock streaming service is airing the Eurovision Song Contest, including the Grand Final, which takes place on Saturday, May 14, in Turin, Italy. Unfortunately, you might have to pony up a little cash to see it. According to Peacock, the contest is available through its premium tiers: $4.99 a month or $9.99 a month for the ad-free version. All told, it’s not a bad deal.  And you can cancel at any time.

The Grand Final is set to air at 9 p.m. Central European Time (3 p.m. ET or noon PT). Ten countries have qualified to compete—Belgium, Czech Republic, Azerbaijan, Poland, Finland, Estonia, Australia, Sweden, Romania, and Serbia—with the running order to be determined by a draw. You can check out additional statistics over at the Eurovision World website.

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About the author

Christopher Zara is a senior news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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Robinhood shares skyrocket as crypto exchange CEO buys 7.6% stake

HOOD shares are up over 22% in pre-market trading.

Robinhood shares skyrocket as crypto exchange CEO buys 7.6% stake
Sam Bankman-Fried. [Source Images: Lam Yik/Bloomberg/Getty]

Robinhood shares (HOOD) have taken a beating in 2022. As of close yesterday, HOOD shares were trading at nearly an all-time low. HOOD shares took their most recent major dip in late April when the company announced disappointing Q1 results.

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But now HOOD shares are on the upswing again. At the time of this writing, HOOD shares are up over 22% in pre-market trading to $10.50. The reason? Crypto exchange FTX’s CEO Sam Bankman-Fried has taken a 7.6% stake in the company, reports CNBC.

A Securities and Exchange Commission filing detailing the stake said Bankman-Fried acquired the shares in the belief that “the Shares represent an attractive investment.” The filing also reveals that Bankman-Fried does not have any current interest in “influencing the control” of Robinhood. However, the filing also states Bankman-Fried “may from time to time engage in discussions as a stockholder with representatives” from Robinhood.

If so, Robinhood may gain substantially from his insight. Crypto trading is increasingly an important part of the services it offers uses. In early April, Robinhood made a crypto wallet available to nearly all of its users.

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About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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What’s happening with Dutch Bros stock? Starbucks coffee rival craters amid inflation fears

The company’s stock is crashing in pre-market trading–down over 39%.

What’s happening with Dutch Bros stock? Starbucks coffee rival craters amid inflation fears
[Images: Dutch Bros]

After a stellar IPO last year that saw Dutch Bros stock surge as much as 70% shortly after debuting, the popular Oregon-based coffee chain is now seeing its stock get hammered in pre-market trading. As of the time of this writing, Dutch Bros stock (ticker: BROS) is down over 39%.

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So, what’s causing the Dutch Bros crash? In a word: inflation.

As The Oregonian reports, Dutch Bros posted some good Q1 2022 numbers when it announced quarterly results yesterday. Revenue was up 54% year-over-year and the company announced it would open 130 drive-thru’s in 2022–five more than originally intended.

But Dutch Bros also announced it expected its same shop sales for the rest of 2022 will be “flat to slightly negative as we face macro-economic headwinds impacting consumer discretionary income and gas prices.” In other words, inflation is increasing costs and risks consumers’ willingness to splash out on expensive lattes.

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“Still, we were not immune to the record inflation that surpassed our expectations and pressured margins in our company-operated shops,” Joth Ricci, Dutch Bros CEO, said in an earnings press release. “While we believe these margin impacts may be short term, we have opted to take a more conservative stance regarding adjusted EBITDA for 2022 as we monitor our pricing and the escalating cost environment.”

And with that disappointing outlook, BROS stock crashed. As of the time of this writing, its share price sits around $20.85–a far cry from its $76.24 all-time high last October and even its $34.37 closing price yesterday before quarterly results were announced.

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About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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Fast Company’s 8th annual Innovation Festival returns to NYC

The annual event spotlighting the business leaders and innovators shaping our world is back in person in NYC this September.

Fast Company’s 8th annual Innovation Festival returns to NYC
Donna Langley, Anthony Capuano, and Billy Eichner. [Source Images: JB Lacroix/Getty; Marriott; Shedrick Pelt/Getty]

Fast Company’s 8th annual Innovation Festival returns (in person!) to New York City on September 19 through September 22.

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The Innovation Festival brings together thousands of innovators, emerging entrepreneurs, and forward-thinking leaders from across the globe for impactful discussions and interactive workshops. And as businesses return to in-person and hybrid work—and the Innovation Festival goes live for the first time in two years—unlocking innovation has never felt more imperative.

This year’s theme, “Innovation Unbound,” highlights the creators, founders, business leaders, and artists who are reshaping our modern world through boundless creativity and innovation—and giving you and your team a road map for future growth.

Confirmed speakers so far include comedian, actor, and producer Billy Eichner, Universal Filmed Entertainment Group chairman Donna Langley, and Marriott International CEO Anthony Capuano.  

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Keynote panels and interviews will be held at BMCC Tribeca Performing Arts Center at the Borough of Manhattan Community College, and additional panel sessions, workshops, and networking will take place in Convene at Brookfield Place at 225 Liberty Street. The Innovation Festival will also feature Fast Tracks, Fast Company’s version of field trips to offices and work spaces of innovative companies throughout New York City. This year’s Fast Tracks include Moët Hennessy North America, Marriott, and General Catalyst.

Visit the Innovation Festival website for ticket information, a list of speakers, and more details on sessions and Fast Tracks.

Additional sessions and speakers will be announced in the coming weeks.

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The dip keeps dipping: Stock market crash memes rise as Nasdaq tech darlings fall

Social media-savvy retail traders are coping with market losses the best way they know how.

The dip keeps dipping: Stock market crash memes rise as Nasdaq tech darlings fall
[Source Images: Getty, Sam Poullain/Unsplash]

Stocks for some of the largest tech companies are weighing down Wall Street after the Nasdaq closed down 4.3% on Monday.

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It’s mostly to do with tech companies that were favorites during an earlier stage of the coronavirus pandemic, when locked-down consumers flocked to such services as Netflix, Amazon, and Peloton. Since then, those same companies have seen steep declines in their stocks, in some cases wiping out all of their pandemic-era gains or worse. This means that many social media-savvy retail investors are losing money and coping the best way they know how: with memes.

The dip among the aforementioned pandemic favorites has been noticeable since January. For instance, Al Jazeera reported that Netflix, Peloton, Zoom, and DocuSign were just some of the tech darlings that saw major decreases in the value of their shares earlier this year, along with Coinbase, electric car company Rivian, and a few more. The trend doesn’t seem to be changing for them during the most recent earning season.

The reversal of fortunes has figured prominently on the subreddit r/WallStreetBets, a forum for stock exchange enthusiasts to share tips, trading advice, and most importantly, jokes about the market. Some might remember it from the infamous GameStop trading frenzy that took place last year. Since the GameStop story died down, the subreddit has become a place for people to joke about how their portfolios are on a downward trend and how they regret investing in tech.

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After Peloton reported abysmal earnings on Tuesday, some joked with a timely meme from the Johnny Depp and Amber Heard defamation trial. The top photo shows a crying Heard with the words, “And then he said that Peloton’s new CEO would turn things around”—a reference to Barry McCarthy, who took over for cofounder John Foley earlier this year—and the bottom shows a snickering Depp. According to CNBC, the connected fitness company lost over $757 million in its third quarter—in comparison to its $8 million loss reported at the same time last year.

Not surprisingly, Netflix’s runaway hit Squid Game, where contestants risk their lives for a chance to win a cash prize, has been a popular reference for market meme makers. One Instagram meme shows a photo of two characters from the series talking. “Why are you here? I thought you were financially stable,” reads the caption, on top of logos for Netflix, Shopify, Zoom, Bitcoin, Peloton, and Ark Investment Management.

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Another Squid Game-inspired meme shows a distressed character with text that says, “When you buy the dip, but the dip keeps dipping.”

Crypto markets, also suffering as of late, have not been spared the meme treatment.

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Someone else shared a simple meme that perhaps summed up the feeling shared by many retail investors at the moment. It’s a man disappointedly sitting behind a desk with text that says, “I was told there would be Lambos.”

Embattled tech companies have been scrambling for ways to contain their financial hemorrhages. For example, Netflix recently told its employees that ads could be coming to its platform by the end of the year.

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