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☆ Biden says Trump 'doesn't deserve to be the Commander-in-Chief for my son'
▼ + stars: | 2024-04-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

President Joe Biden on Wednesday choked up as he blasted Donald Trump, saying the presumptive Republican presidential nominee "doesn't deserve to be the Commander-in-Chief for my son." "They asked him to go visit American grave sites. Because they were all suckers and losers," Biden said, citing the reports about Trump's rationale. That man doesn't deserve," Biden said, pausing for several seconds as he choked up before adding, "to be the Commander-in-Chief for my son." Beau Biden died in 2015, when his father was vice president in the administration of former President Barack Obama.

Persons: Joe Biden, Donald Trump, doesn't, Beau Biden —, Trump, Biden, Beau Biden, General's, Barack Obama, Trump's, John Kelly, Jeffrey Goldberg, Goldberg Organizations: Wednesday, Delaware Army National Guard, Democrat, United Steelworkers, General's Corp, National Guard, Guard, White House, CNN, U.S . Locations: Pittsburgh, Paris, Iraq, Aisne

☆ Higher yields pressure stocks — and Cramer predicts Disney share reaction if Peltz loses board fight
▼ + stars: | 2024-04-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney: One of the sales we made Monday was in Disney; the other was in Alphabet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, it's, Stanley Black, Decker, Disney's, Nelson Peltz, Jim, It's, Tommy Hilfiger, Calvin Klein, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: CNBC, Disney, Trian, Bank of America, Peltz, Club, Starbucks, Dell, Micron, AMD, PVH Corp, Jim Cramer's Charitable, Paris, Afp, Getty Locations: Disney, Marne, Paris

☆ Covid casts long shadow over New Zealand paddler Jones
▼ + stars: | 2024-03-16 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

The 35-year-old’s ambitions of reaching a fifth Olympics once seemed fanciful as she spent more than a year recovering after being diagnosed with long Covid in early 2022. “I’d get really tired from just going out and mowing the lawn or going for a walk,” she told Reuters in an interview. Jones speaks to the media at Vector Wero Whitewater Park in Auckland, New Zealand this week. Long Covid provided multiple reminders of how quickly things can unravel. “But I guess you just don’t know where you can get (Covid) from or when it’s going to hit.

Persons: Luuka Jones, Jones, “ I’d, “, Phil Walter, Valerie Adams, Barbara Kendall, I’ve, ”, Long Covid, I’m, ’ ”, Chris Froome, Jonathan Toews, Covid Organizations: Reuters, Paris, Beijing, Rio Games, Vector, Getty, Zealand, Olympic, British, de Locations: Tokyo, Zealand, Marne, Auckland , New Zealand, Beijing, New Zealand

☆ Farmers’ protests have erupted across Europe. Here’s why
▼ + stars: | 2024-02-03 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +10 min

This week, the farmers’ protests struck at the heart of the European Union, when they rolled into Brussels on Thursday as leaders held a major summit on Ukraine. The EU has waived quotas and duties on Ukrainian imports in light of Russia’s invasion of Ukraine. “In Germany, it was really focused on diesel, so starting to tax diesel for tractors. France this week announced a series of measures for farmers in light of the protests. This has already been seen in Germany, when the far-right Alternative for Germany (AfD) involved itself in the protests and expressed solidarity with the farmers.

Persons: ”, Sebastien Bozon, Kay Nietfeld, Hugo Auge, Chancellor Olaf Scholz’s, Dimitar Dilkoff, Emmanuel Mathé, “, we’re, Anger, Renaud Foucart, Sakis Mitrolidis, Stefano Guidi, Gabriel Attal, Attal, Ursula von Der Leyen, Rob Engelaar Organizations: CNN — Farmers, CNN, European Union, Toulouse, BFMTV, Getty Images Farmers, AP, Farmers, Getty, ” Farmers, EU, Lancaster University, Deal, Green, European Commission, French, Farmer, Citizen Locations: Europe, Paris, France, Italy, Spain, Romania, Poland, Greece, Germany, Portugal, Netherlands, Eastern Europe, EU, Brussels, Ukraine, Zandvliet, Meer, Lyon, Vesoul, AFP, Berlin, Thessaloniki, Spanish, Hamburg, Cologne, Bremen, Nuremberg, Munich, Eastern, Bulgaria, Yvelines, French, Noisy, Seine et Marne, England, Novara, Belgium, Arendonk, Dutch

☆ The end of the Hollywood strikes gives Disney's turnaround a clearer path
▼ + stars: | 2023-11-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The end of the Hollywood actors' strike takes a risk off the table for Disney (DIS) — just as CEO Bob Iger's turnaround plan for the entertainment giant is starting to show real progress. Prior to the announcement, Disney CEO Bob Iger told CNBC that the strike's impact on the business had so far been "negligible." DIS YTD mountain DIS stock performance year-to-date. With Disney's strong quarterly cash flow and healthy balance sheet, Jim said he expects a stock buyback as soon as next year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Bob Iger's, Bob Iger, Jim Cramer, Jim, Cramer, Disney, Morgan Stanley, Jim said, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: Hollywood, Disney, SAG, CNBC, Investors, Iger, Management, ESPN, Paris, Afp, Getty Locations: Marne, Paris

☆ CNBC Daily Open: Earning’s better than revenue this season
▼ + stars: | 2023-11-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Streak continues, sans DowMajor U.S. indexes continued their blistering winning streak Wednesday — except for the Dow Jones Industrial Average, which snapped a seven-day streak. Weakness in ArmArm reported earnings for the first time after its initial public offering. Stock markets are enjoying their longest winning streak in two years.

Persons: Mickey, Minnie, Marks, Spencer, — Organizations: Paris, CNBC, Dow Major, Dow Jones, Disney, UBS UBS, UBS, Credit Suisse Locations: Marne, Paris

☆ John Kelly goes on the record to confirm several disturbing stories about Trump
▼ + stars: | 2023-10-02 | by ( Jake Tapper | ) edition.cnn.com time to read: +8 min

CNN —John Kelly, the longest-serving White House chief of staff for Donald Trump, offered his harshest criticism yet of the former president in an exclusive statement to CNN. Kelly set the record straight with on-the-record confirmation of a number of damning stories about statements Trump made behind closed doors attacking US service members and veterans, listing a number of objectionable comments Kelly witnessed Trump make firsthand. “A person that has no idea what America stands for and has no idea what America is all about. Then-candidate Trump of course said in front of a crowd in 2015 that former Vietnam POW Sen. John McCain, an Arizona Republican, was “not a war hero. Milley, in a call authorized by Trump administration officials, reassured his Chinese counterparts that such a strike was not going to happen.

Persons: John Kelly, Donald Trump, Kelly, Trump, ” Kelly, “, ’, autocrats, ”, Jeffrey Goldberg, Vietnam POW Sen, John McCain, weren’t, Goldberg, McCain, George H, Bush, Mark Milley, Belleau Wood, Susan Glasser, Peter Baker, ” Trump, Luis Avila, Bob Woodward, Robert Costa, Milley, Norah O’Donnell, Cassidy Hutchinson, Hutchinson, Alyssa Farah Griffin, Griffin, there’s, Mattis, Mark Esper, Bill Barr Organizations: CNN, White House, Trump, Gold Star, Arlington National Cemetery, Vietnam POW, Arizona Republican, Navy, ” CNN, Chiefs, Marines, House, Joint Chiefs, Trump White House, CBS Locations: France, Afghanistan, Iraq, Arizona, Aisne, Paris, Arlington, The, Gen

☆ Trump and GOP Rep. Gosar suggest Joint Chiefs boss Mark Milley deserves death
▼ + stars: | 2023-09-25 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

WASHINGTON — Former President Donald Trump and Republican Rep. Paul Gosar of Arizona suggested that outgoing Chairman of the Joint Chiefs of Staff Mark Milley is a traitor who deserves to be executed. Milley in September 2021 told Congress he had made it clear to Chinese officials that Trump was not planning to attack China in his final weeks as president. "My task at that time was to de-escalate," Milley told the Senate Armed Services Committee. "In a better society, quislings like the strange sodomy-promoting General Milley would be hung," Gosar wrote. Gosar also called Milley, a four-star general with more than four decades of military service, a "traitor."

Persons: Mark Milley, WASHINGTON —, Donald Trump, Paul Gosar, Staff Mark Milley, Trump, Milley, Nancy Pelosi, Trump's, Gosar, Defense James Mattis, Belleau Organizations: Ukraine, U.S, Ramstein Air Base, WASHINGTON, Republican Rep, Joint Chiefs, Staff, Army, Senate Armed Services Committee, National Guard, Capitol, CNBC, Defense, Marines, Marine Corps Locations: Germany, Arizona, China, United States, American, Paris, U.S, Aisne, Belleau Wood, France

☆ The strange, improbable rise of Mark Zuckerberg 3.0
▼ + stars: | 2023-07-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +27 min

In early July, Mark Zuckerberg unveiled the latest and perhaps most consequential product in Meta's history: a new model of Mark Zuckerberg. Silicon Valley Zuck was a husband and father with a legacy to build and protect at all costs. Silicon Valley Zuck was suddenly faced with something he'd never dealt with before, shrinking revenue. Still clinging to his persona as Silicon Valley Zuck, Zuckerberg engaged in an all-out media blitz to hawk his vision for the metaverse. They were the sort of people Harvard Zuck would have scoffed at and Silicon Valley Zuck would have gently ignored.

Persons: Mark Zuckerberg, Elon Musk, Joe Rogan, Zuckerberg, Clark Kent, TikTok, Sheryl Sandberg, Mike Schroepfer, Wall, McKinsey Zuck, Rogan, Meta, Harvard Zuck, —, Priscilla Chan, Ray's, pullover, Harvard Zuck —, Dianna, Mick, McDougall, Paul Sakuma, Zuckerberg's, Apple, Facebook, he'd, That's, Frances Haugen, Chris Cox, Zuck, Zach Gibson, Meta's, Sandberg, Marne Levine, who'd, Javier Olivan, he's, bode, Bain, Maher Saba, Lori Goler, He's, He'd, Katie Harbath, it's, Andrew Bosworth, Bosworth, Mark Zuckerberg McKinsey Zuck, Mark Shmulik, Bernstein, Augustus, Julius Caesar, Kali Hays Organizations: Meta, Menlo, Harvard, Apple, McKinsey, Business, Facebook, Cambridge, Capitol, Labs, Menlo Park, Q, Bain & Company, Reality Labs, Wall, Mark Zuckerberg McKinsey, Phillips Exeter Academy, Tech, Twitter Locations: California, Hawaii, United States, Davos, Silicon, contrition, Meta, verbiage, Harvard, Rome

☆ Fact Check-Video of sniper on roof predates France riots in June and July 2023
▼ + stars: | 2023-07-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of an individual with a gun on a roof was first shared in 2022, prior to the ongoing riots in June and July 2023 in France. A tweet said: “Muslim rioters are now stealing rifles from police vans and hideout on rooftops like snipers. The accompanying clip shows an unidentified individual on top of a building pointing a weapon at people below on the ground. A search for the video leads to a tweet shared in March 2022, more than a year prior to the ongoing riots in June and July 2023 (here). The clip had circulated in March 2022, indicating it is not related to the France riots of June and July 2023.

Persons: ’, Read Organizations: EU, Facebook, UN, Reuters Locations: France, Villiers, Marne

☆ Fact Check-Night video of Zebra and Lions on streets predates 2023 France riots
▼ + stars: | 2023-07-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A video compilation claiming to show zoo animals roaming Paris streets is made up of clips that are not recent and is unrelated to the ongoing riots in France in June and July 2023. Social media users shared a compiled video of unrelated footage showing animals roaming city streets at night, with the caption: “It is being reported that in the French riots, numerous zoo animals have been released in France” on Facebook (here) and Twitter (here). However, the videos predate riots in France over the police shooting of a teenager of Algerian and Moroccan descent on June 27 (here). The clip of a sprinting zebra shot from the dashcam of a vehicle could be traced to a tweet published on April 11, 2020 (here). There is no evidence that animals have been released from Paris zoos amid riots in the city in 2023.

Persons: Le Parisien, Saint Denis, Mathieu Descombes, ”, Read Organizations: Paris Zoological, des, Social, Facebook, Twitter, Chennevières, Parc Zoologique de, ” Reuters, Reuters Locations: Paris, France, de, Algerian, Saint Denis, Parc Zoologique de Paris, Ile

☆ Version française: 4e nuit de violences avant les obsèques de Nahel
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +4 min

Le ministère de l'Intérieur a annoncé que 1.311 personnes avaient été interpelées, un chiffre en forte hausse par rapport aux 875 de la nuit précédente, mais souligné sur Twitter que "les violences commises cette nuit ont été d'une plus faible intensité en comparaison à la nuit précédente". "Nous appartenons à la même communauté de foi", a ajouté une femme. Reuters a également pu constater que les accès au cimetière seraient bloqués pendant l'inhumation de Nahel. Jeudi, une marche blanche en la mémoire du jeune homme avait réuni plusieurs milliers de personnes. Reportage Gilles Guillaume, avec Noemie Olive et Tassilo Hummel à Nanterre et Marc Leras à MarseilleOur Standards: The Thomson Reuters Trust Principles.

☆ France violence: Is it safe to visit Paris and other cities right now?
▼ + stars: | 2023-06-30 | by ( Barry Neild | Xiaofei Xu | ) edition.cnn.com time to read: +7 min

Merzouk’s death appears to have become a flashpoint for anger about racial inequality in France and claims of police discrimination. Yves Herman/ReutersLimited curfews have been imposed in two towns close to Paris at the center of some of the worst violence. Several buses were torched in the Paris suburb of Aubervilliers. The violence and protests erupted after police shot dead a teenager in a Paris suburb. The central areas of Paris, home to the Louvre Art Museum and the Eiffel Tower have been almost totally unaffected.

Persons: –, Nahel Merzouk, Merzouk, Emmanuel Macron, Trappes, Yves Herman, Nicolas Tucat, it’s Organizations: CNN, Elite, Eurostar, London —, Reuters, Ministry of, Metro, Louvre Art Museum, Eiffel, US State Department, State Department, Foreign, Commonwealth Office Locations: Paris, France, Bus, Parisian, Nanterre, Montreuil, Neuilly, Clamart, ”, Marseille, Bordeaux, Lille, London, Roubaix, Aubervilliers, Préfecture, Nicolas, AFP

☆ France protests: Nationwide demonstrations are sweeping the country. Here's what you need to know
▼ + stars: | 2023-06-30 | by ( Sana Noor Haq Joshua Berlinger Tara John Barry Neild Xiaofei Xu | Sana Noor Haq | Joshua Berlinger | ) edition.cnn.com time to read: +9 min

Protesters clash with police in Nanterre, France, on Friday, June 30. Gonzalo Fuentes/Reuters A firefighter extinguishes a car that was burnt during clashes between protesters and police in Roubaix, France, on June 30. Kenzo Tribouillard/AFP/Getty Images People look at burning tires blocking a street in Bordeaux, France, on Thursday, June 29. There was no disruption to the Eurostar service connecting London, Lille and Paris as a result of the protests. Further afield, the US State Department issued a security alert on June 29 covering France.

Persons: Emmanuel Macron, Nahel, Pascal Prache, Prache, Gonzalo Fuentes, Pascal Rossignol, Bertrand Guay, Kenzo Tribouillard, Philippe Lopez, Firas Abdullah, Zakaria Abdelkafi, Benjamin Girette, Antoine Gyori, Stephanie Lecocq, ”, Gerard Darmanin, Macron, Elton John, Yves Herman, TikTok, Snapchat Organizations: CNN —, Reuters, Fort, Getty, AFP, Anadolu Agency, Police, Bloomberg, Firefighters, Overseas, Rights, Europe, Amnesty, Twitter, UN, Human Rights, French Ministry of Foreign Affairs, Interior Ministry, Metro, Eurostar, US State Department Locations: CNN — France, Paris, Nanterre, France, Roubaix, Lille, Aubervilliers, AFP, Bordeaux, Cayenne, French Guiana, Brussels, Clamart, Neuilly, Marne, Préfecture, Marseille, London, Britain, “

☆ For its 2024 Olympics, Paris wants the Seine river swimmable
▼ + stars: | 2023-06-05 | by ( Manuel Ausloos | ) www.reuters.com time to read: +3 min

PARIS, June 5 (Reuters) - On a sunny spring day, Dan Angelescu was testing the water quality of Paris' Seine river by the bridge Alexander III - a scenic view for next year's swimming marathon and triathlon Olympic trials. Angelescu has been working for the city since 2017 on its longtime project to make the Seine swimmable. The 2024 Games are a good opportunity to fast-track it in order to host some sporting events in the famous river - as was done at the first Paris Olympics of 1900. Stephane Vidalie, who lives in Neuilly-Plaisance in the east of Paris, was happy to no longer send wastewater into the Marne river, a tributary that joins the Seine just outside Paris. Bastien Coignon, a member of a kayak club in Sevres, west of Paris, said he had been waiting for this.

Persons: Dan Angelescu, Alexander III, Angelescu, Pierre Rabadan, Rabadan, Manuel Ausloos, Stephane Vidalie, Colombe Brossel, Bastien Coignon, Clotaire Achi, Juliette Jabkhiro, Alex Richardson Organizations: Paris Olympics, Olympic, Games, REUTERS, Manuel Ausloos SYSTEM, Thomson Locations: Paris, Seine, Austerlitz, Sevres, France, Neuilly, Plaisance, Marne, Olive

☆ Female leadership in tech is falling
▼ + stars: | 2023-03-22 | by ( Mikaela Cohen | Kevin Travers | ) www.cnbc.com time to read: +7 min

With the backdrop of Women's History Month, Tacy Byham, chief executive officer of DDI, an international human resources and leadership development consultancy company, says it's no surprise the number of women in tech leadership roles is still low. Her company's research over the past 20 years shows that while the number of women in technology leadership roles has been rising, it's only ever reached 33%. But across the entire tech sector, the percentage of women in tech leadership roles is trending down, currently at 28%, according to DDI's 2023 Global Leadership Forecast, which surveyed 1,827 human resources professionals and 13,695 business leaders from over 1,500 companies around the world. Compounding the problem is the fact that on average, most companies don't offer leadership training to employees until nearly four years after they start their role. "These tasks don't always give them the points they need to help them move from a mid-level leader to an executive-level leader," she said.

☆ Meta has massively revamped its ads division. Here are the 21 most powerful execs tasked with saving the company's biggest revenue stream.
▼ + stars: | 2023-02-28 | by ( Ryan Joe | Lara O'Reilly | Lauren Johnson | ) www.businessinsider.com time to read: +1 min

Nicola Mendelsohn and Justin Osofsky are Meta's top ad execs after Marne Levine stepped down. After Meta's ad revenue took a series of hits, the company banking on an overhauled ad offering powered by AI. Insider identified Meta's 21 top ad execs tasked with reviving its most crucial revenue stream. Here are the 21 most powerful and important advertising execs still at the company, listed alphabetically. Their roles span ad sales, strategy, marketing and product across Meta's portfolio.

☆ A generation of high-profile women tech leaders have stepped aside. What’s next?
▼ + stars: | 2023-02-24 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”

☆ 'It's a huge concern': Senior-level women are calling it quits after decades climbing the career ladder
▼ + stars: | 2023-02-21 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

Some of the world's most powerful women are calling it quits. To give some context, for every woman stepping into a director-level leadership role, two are choosing to leave, says Alexis Krivkovich, McKinsey senior partner and an author of the joint Lean In and McKinsey "Women in the Workplace" report. The pattern has the potential to unwind decades of progress toward gender equity and increased female leadership in the workplace, she tells CNBC Make It. "They're meeting their goals and being successful, and some are choosing to leave before they get burned out," Workman adds. The problem remains that there are too few women in high levels of leadership, Krivkovich says: "Lots of men leave their positions, but we analyze and scrutinize when women leaders do in a different way.

☆ YouTubers and creator-economy insiders react to the sudden CEO shake-up, and describe the challenges that will define the future of the platform
▼ + stars: | 2023-02-18 | by ( Amanda Perelli | Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

YouTube CEO Susan Wojcicki is stepping down, and being replaced by chief product officer Neal Mohan. YouTube chief Susan Wojcicki's sudden announcement on Thursday that she is stepping down has sent shockwaves through the creator community. Wojcicki has been YouTube's CEO since 2014, and joined parent company Google in 1999 as its first marketing manager. Chief product officer Neal Mohan will be taking over her role, having previously been in charge of key products like the short-video platform YouTube Shorts and launched subscription services YouTube Premium and YouTube TV. "Susan understood from the beginning the importance of content creators on YouTube," said Alessandro Bogliari, CEO and cofounder of The Influencer Marketing Factory.

☆ Meta Platforms Business Chief Marne Levine to Leave
▼ + stars: | 2023-02-13 | by ( Salvador Rodriguez | ) www.wsj.com time to read: 1 min

Facebook parent Meta Platforms Inc. said Monday that the executive in charge of overseeing the company’s advertising business would be leaving the company. Marne Levine , Meta’s chief business officer, is set to depart the company during the summer, just two years after being elevated to the role. Ms. Levine’s exit comes as the company struggles through one of the toughest periods it has faced in its advertising business. Over the past three quarters, Meta has recorded year-over-year declines in revenue.

☆ Meta's chief business officer is leaving after 13 years amid the company ramping up its focus on 'efficiency'
▼ + stars: | 2023-02-13 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Meta's chief business officer Marne Levine is leaving the company, according to a post on Meta's site. Levine has also been known as a longtime confidant of Sheryl Sandberg, who stepped down from her role as Meta's chief operating officer in 2022. Levine's role will be split between her successor, Nicola Mendelsohn and Justin Osofsky, according to Meta's post. Both Mendelsohn and Osofsky have also held executive roles at the company for years and will report to Meta's Chief Operating Officer Javier Olivan in their new titles, the post noted. In a call after the earnings were released, Zuckerberg noted that the company was "removing some layers of middle management."

☆ Meta's chief business officer will leave the company after 13 years
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Meta 's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. Levine was named Facebook's chief business officer in the summer of 2021, a few months before it changed its name to Meta to indicate its focus on the yet-to-be-developed metaverse. "I'm grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day."

☆ Meta business chief to depart
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Meta Platforms (META.O) said on Monday Chief Business Officer Marne Levine was leaving the owner of Facebook after a 13-year stint. Fifty-two-year-old Levine, appointed as the company's first chief business officer in 2021, has served in various other executive positions at the social media company, including chief operating officer of Instagram. The company said it expanded Nicola Mendelsohn's role as head of global business group and named Justin Osofsky as head of online sales, operations and partnerships, in the wake of Levine's imminent departure. The changes come at a time when Meta has promised to cut costs by $5 billion in the year to a range of $89 billion to $95 billion, calling 2023 the "Year of Efficiency". Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Meta's top ads boss tells Insider how artificial intelligence is saving its ad business and what's the next big opportunity for Reels
▼ + stars: | 2023-02-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Meta's ad chief Marne Levine told Insider that AI will play a bigger role boosting advertisers' creative. Meta is also exploring new ways to make money from short-form video Reels. Meta's rebuilt ad business has seen early success after it took a $10 billion hit last year thanks to Apple's privacy update. "There is a general feeling of uncertainty because the context is changing week-to-week," Marne Levine, chief business officer for Meta, told Insider. While Meta advertisers might be pulling back because of the economy, Meta still has an advantage over other digital ad platforms.

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