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In today's big story, we're looking at why Zyn nicotine pouches are becoming the go-to alternative for workers looking for a boost . Zyn, a brand of nicotine pouch, has quickly gained a loyal following among some workers looking for a boost during the day. There was a 62% year-over-year bump in the amount of flavored nicotine pouches shipped in the US in 2023. Containers of "Zyn" nicotine pouches. He said the nicotine pouches were too accessible and gave him migraines.
Persons: , Michael M, Jenny Chang, Rodriguez, Sarah Jackson, Tim Paradis, Sarah, Tim, it's, Zyn, Tim he'll, vaping, Mark Spitznagel, Spitznagel, Samantha Lee, Stanley, Max, Bob Jordan, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Getty, Wall Street, Republican, New York Stock Exchange, UBS, Electronic Arts, Verizon, Ford, Reading, Airlines, Boeing Locations: Copenhagen, New, Wall St , New York, USA, Oxford, New York, London
Mark Zuckerberg has had quite the week
  + stars: | 2024-02-02 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
In today's big story, we're recapping earnings from three tech giants: Meta, Apple, and Amazon. The big storyMeta's mega-winMark Zuckerberg is smiling: Its profit margins are much improved — and that's partly because of a shrinking headcount. Josh Edelson/AFP/Getty Images ; Isabel Fernandez-Pujol/ BIMark Zuckerberg has had quite the week. It lost $16 billion on the Metaverse in 2023, and Zuckerberg indicated more pain for years to come.) Following the success of Meta's "Year of Efficiency," Zuckerberg said that the company may never go back to large-scale hiring.
Persons: , Phil doesn't, Zuck, Mark Zuckerberg, Josh Edelson, Isabel Fernandez, Sarah Jackson, Meta, Zuckerberg, BI's Peter Kafka, Peter, Richard Drew, Wall Street's, Rufus, BI's Eugene Kim, Amazon, Aaron Schwartz, Diem, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Pujol, Meta, Amazon, Xinhua, Microsoft, Chevron Corporation, ExxonMobil, Cigna Locations: AFP, China, New York, London
In today's big story, we're looking at highlights from two of the world's biggest tech companies' earnings reports, including how much layoffs cost for one of them. Tech: Tech CEOs will testify before Congress today for a hearing on child safety. Mateusz Wlodarczyk/Getty ImagesThere's been plenty of speculation about what Google's mass layoffs last year meant for its famous culture. Jerod Harris/Getty ImagesCongress is set to grill some of the biggest names in tech today. Leaders from Meta, X, TikTok, and other tech companies will face questions over their platforms' efforts to protect children from sexual exploitation online.
Persons: It's, Sundar Pichai, Mateusz Wlodarczyk, Sarah Jackson, Satya Nadella Stephen Brashear, Hisham Ibrahim, Jerome Powell's, Claudia Sahm, Powell, Linda Yaccarino, Jerod Harris, Linda Yaccarino's, Jack Dorsey's Block, Dorsey, Brooks Kraft, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Tech, Google, Microsoft, Getty, Bloomberg, JPMorgan, Meta, Elon Musk's, Brooks Kraft LLC, Los Angeles Times, UPS, Bureau of Labor Statistics, Amazon, Boeing, Mastercard Locations: Chipotle, New York, London
Amazon founder Jeff Bezos just bought a $79 million mansion in Indian Creek, Florida, per Bloomberg. Indian Creek is a village on a small private island in Miami's Biscayne Bay known as "Billionaire Bunker." AdvertisementAdvertisementAmazon founder Jeff Bezos has added another lavish mansion to his property portfolio. The waterfront property was listed for $85 million in May and last sold for $28 million in 2014. Indian Creek, where Bezos' new property purchase is located, is a village on a small private island in Miami's Biscayne Bay.
Persons: Jeff Bezos, , Dina Goldentayer, Danilo Tavares, Douglas Elliman, Tavares, Bezos, Insider's Sarah Jackson, Jordan Hart, Insider's Hannah Towey, Carl Icahn, Jared Kushner, Ivanka Trump Organizations: Bloomberg, Service, Bezos, Zillow Locations: Indian Creek , Florida, Biscayne, Goldentayer, Beverly, Texas, Medina , Washington
Insider Today: Apple's new iPhone is here
  + stars: | 2023-09-13 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
This post originally appeared in the Insider Today newsletter. But the show's real stars were the new versions of Apple's iPhone and Apple Watch. But if you were hoping a new iPhone will send Apple's stock soaring, think again. Prior to Tuesday's event, Apple's shares fell an average of 0.2% on days a new iPhone was announced, according to Barron's. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Bond, Elon Musk's, Justin Sullivan, Octavia Spencer, Tim Cook, Max, Insider's Sarah Jackson, Jordan Hart, Lakshmi, iPhones, Gary Coronado, Jamie Dimon, — Warren Buffett —, Bill Gross, DoubleLine's Jeffrey Gundlach, Pimco, DoubleLine's, Gross, Anna Moneymaker, Thomas Trutschel, isn't, Sundar Pichai, Elon, Walter Isaacson, Read, Kent Walker, Chelsea Jia Feng, Patreon, Naomi Osaka, Shaquille O'Neal, Allegra, Dayquil, Jennifer Aniston, Reese Witherspoon, Yelp, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Jets, Apple, Apple Watch, Getty, Bloomberg, JPMorgan, Wall, Google, Software, Amazon, FDA, North American, Detroit Auto, GMC, Bourbon Locations: Wall, Silicon, Milwaukee, Lakshmi Varanasi, ., China, that's, Latvia, Estonia, Chelsea, Colorado, Arizona, Morocco, New York City, San Diego, London, New York
Walter Isaacson said on CNBC's Squawk Box that Musk's biggest motivator doesn't appear to be money. Musk is the world's richest man with a $254 billion fortune, per Bloomberg's Billionaire Index. For the world's richest person, Elon Musk is not all about the money. That's according to Walter Isaacson, the biographer who spent three years trailing Musk for a book releasing in September. The biographer has also previously made references to Musk's "demon mode" — describing him as industrious but "dark" and "with a real lack of empathy."
Persons: Walter Isaacson, Elon Musk, Isaacson, wouldn't, Musk, Jekyll, Hyde, Simon, Simon & Schuster, Sarah Jackson, Insider's Joseph Wilkins Organizations: Twitter, CNBC, Simon &, Bloomberg, SpaceX
Former Theranos exec Ramesh "Sunny" Balwani has had around two years shaved off of his federal prison sentence. He reported to prison in April for a nearly 13-year sentence, but his new release date is in 2034. Ramesh "Sunny" Balwani, Elizabeth Holmes' ex-boyfriend and the number 2 in charge at failed blood testing startup Theranos, has had some time shaved off of his nearly 13-year sentence for fraud and conspiracy, Insider has learned. But federal prison officials have reduced Balwani's sentence. In April, Balwani reported to prison at Terminal Island FCI, a minimum security federal facility just outside of Los Angeles.
Persons: Ramesh, Sunny, Balwani, Elizabeth Holmes, Theranos, Holmes, Rupert Murdoch, Insider's Sarah Jackson, Stephen Cazares Organizations: US Bureau of Prisons Locations: Los Angeles
In 2002, Elizabeth Holmes, then 18, met Sunny Balwani, then 37, in Beijing, China. Balwani became her long-term boyfriend and, later, the COO of her startup, Theranos. Holmes is set to report to prison Tuesday. Elizabeth Holmes and Ramesh "Sunny" Balwani engaged in a years-long workplace relationship that ended when he left their company, Theranos, in 2016. However, Holmes is expected to report to prison on Tuesday to finally begin her sentence.
In 2002, Elizabeth Holmes, then 18, met Sunny Balwani, then 37, in Beijing, China. Balwani became her long-term boyfriend and, later, the COO of her startup, Theranos. Both were sentenced to more than a decade behind bars — Balwani reported to prison in April. Elizabeth Holmes and Ramesh "Sunny" Balwani engaged in a years-long workplace relationship that ended when he left their company, Theranos, in 2016. She was scheduled to report for her sentence in April, but it was delayed by appeals to her conviction.
In April, OpenAI said it's also giving users the choice to disable their conversation record with ChatGPT, seeking to offer more visibility and control over data. The company offers a "privacy dashboard" where users can get a sense of how their search history is used, and explore options to clear that history. The dashboard essentially allows users to "view, export, and delete stored conversation history," according to a recently updated Microsoft document entitled, "The new Bing: Our approach to Responsible AI." A note on the page says Bing uses "web search history to improve your search experience by showing you suggestions as you type, providing personalized results, and more." "We also provide users with transparency and control over their search data via the Microsoft Privacy Dashboard," the representative said.
The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "​​synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.
"Bare Minimum Monday" is the latest TikTok trend to slink into the workplace. I soon found out that Bare Minimum Monday was harder than it looked. That helps explain why for me, Bare Minimum Monday started on Sunday afternoon. But I was determined to do a realistic version of Bare Minimum Monday. "I thought this was supposed to be 'Bare Minimum Monday,'" she said, deadpan.
An Apple iPhone from 2007 sold for more than $63,000 at an auction on Sunday. It sold for more than 100 times higher than its original sale price of $599. It's the highest price an original iPhone has been sold for. LCG Auctions, which handled the auction, said on its website the device went for $63,356.40, which was more than 100 times its original price. More than 15 years ago, Apple sold the original iPhone for $599.
Black Airbnb users have found it harder to book stays than white users, company research suggests. The study found that Black users had a success rate of 91.4% compared with 94.1% for white users. Black users previously reported experiencing racism as the #AirBnBWhileBlack hashtag revealed. And this year, on October 2, a Black Airbnb guest was shot dead as he walked to a grocery store, according to officials, per NBC News. The findings also revealed that guests perceived to be Asian and Latino, or Hispanic, had success rates of 93.4%.
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