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☆ FanDuel parent Flutter joining the big leagues. Moving primary listing to U.S. from U.K. may spur investor interest
▼ + stars: | 2024-05-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Dublin-based parent company of FanDuel launched a secondary listing of its shares on the New York Stock Exchange on Jan. 29. Shareholders have since voted to making the NYSE the primary listing for the stock rather than London, and that change is slated to take effect May 31. UBS analyst Ben Shelley said in a May 9 note to clients that the primary listing change could help close those gaps. Flutter is not the only company in recent years to shift its primary listing to the U.S., and the track records of those companies could be a positive sign for Flutter. UBS pointed to building materials companies CRH — which transitioned its primary listing to the NYSE in September 2023 — and Ferguson — which made the switch in May 2022 — as examples.

Persons: FanDuel, Ben Shelley, —, Ferguson, Shelley, Paddy Power Organizations: UBS, The, New York Stock Exchange, NYSE, Penn Entertainment, MGM Resorts International, DraftKings, MGM International Locations: U.S, The Dublin, London

☆ New Delhi chokes as trash mountain fire spreads hazardous fumes
▼ + stars: | 2024-04-23 | by ( Rhea Mogul | ) edition.cnn.com time to read: +5 min

Sections of the Ghazipur landfill in New Delhi burst into flames on Sunday, causing dangerous heat and methane emissions and adding to India’s growing climate challenges. Smoke rises on April 23, following a fire that broke out at the Ghazipur landfill in New Delhi, India. Noemi Cassanelli/CNNFires burning at Ghazipur landfill site in New Delhi, India, April 22, 2024. Ghazipur landfill in New Delhi on April 23, following a fire that broke out. Firemen work to douse the fire at Ghazipur landfill on April 22, 2024 in New Delhi, India.

Persons: Noemi Cassanelli, Adnan Abidi, Taj, Narendra Modi, Vipin Kumar, hasn’t Organizations: New, New Delhi CNN, CNN, Reuters, Center for Science, Clean Air Initiative, Municipal Corporation of Delhi, Solutions, Indian, Firemen, Hindustan Times Locations: New Delhi, India, Ghazipur, Bhalswa

☆ That security camera and smart doorbell you’re using may have some major security flaws
▼ + stars: | 2024-03-09 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +11 min

… I’m completely done with smart devices like that.”24-year-old Heather Hines is among the Wyze users whose personal camera footage was viewed during a recent security breach. Henderson, who owns 10 Wyze cameras, said he is starting to replace them with other brands. It also raises the question about whether the value of smart devices is worth the risks. Amazon and Google have experienced security breaches with Ring and Nest security devices in recent years. People can also reconsider how many smart devices they actually need in the home.

Persons: Heather Hines, Hines, ”, “ I’m, ” Hines, I’m, Eddie Henderson, Henderson, Dave Cosby, Tuck, Paddy Harrington, That’s, Michela, Michela Menting, “, ” Harrington, It’s, you’ve, they’ll, ” Menting Organizations: CNN, Wyze, Consumer, Amazon, Walmart, Sears, Federal Communications Commission, US, Forrester Research, Attackers, Google, ABI Research, Consumer Product Safety, White, FBI Locations: Southern California, Nova Scotia, Canada, China, ” Haddington

☆ Tana French’s Moody, Mesmerizing New Thriller
▼ + stars: | 2024-03-02 | by ( Sadie Stein | ) www.nytimes.com time to read: +2 min

THE HUNTER, by Tana FrenchFour years ago in these pages, the critic Janet Maslin published a guide to “the essential Tana French.” For some of French’s fans, all the novels are essential. Unpredictability and a refusal to be boring are part of French’s talent, and they make the books (almost) as much fun to debate as they are to read. Instead, a rebellious, preteen outcast named Trey Reddy enlists his help in finding her missing brother. In “The Hunter,” Cal, two years older, is still living in Ardnakelty. Cal and Lena want Trey to stay well clear, but she has different ideas.

Persons: Tana, Janet Maslin, ”, Cal Hooper, Chicago who’s, Trey Reddy, Cal, ” Cal, Lena, Trey, Smart, Trey —, —, Reddy, Trey’s, Johnny, he’s, Trey can’t, fatalism Organizations: Chicago Locations: Tana French, Ireland, Ardnakelty

☆ CEO of Web Summit says predecessor's remarks on Israel and Hamas are 'not my comments'
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of Web Summit says predecessor's remarks on Israel and Hamas are 'not my comments'Katherine Maher, CEO of Web Summit, discusses her predecessor Paddy Cosgrave's comments on Israel and Hamas, saying they "do not represent the company as a whole."

Persons: predecessor's, Katherine Maher, Paddy Cosgrave's Organizations: Web Locations: Israel

☆ The CEO of FanDuel's owner Flutter explains how its US stock debut could boost its edge over rivals like DraftKings and why it thinks of itself as a media business
▼ + stars: | 2024-01-31 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's a great opportunity to bring the world's leading sports betting and gaming business to the world's leading capital market." AdvertisementJackson said he believes the US listing will help the company win media attention and new investors. DraftKings narrowly edged out in August FanDuel's market-share lead in the broader online gambling space that includes casino-style games, per EKG. "FanDuel is undoubtedly a media business," Jackson said.

Persons: —, Peter Jackson, Jackson, Paddy Power, it's, DraftKings, FanDuel, Pat McAfee, Charles Gillespie, Chad Beynon, Beynon Organizations: Service, New York Stock Exchange, Wall, Business, PokerStars, London Stock Exchange, Krejcik, Penn, ESPN Bet, Media, TVG, Gambling.com Group, Macquarie, Wall Street, Rush Street Interactive, Caesars Entertainment, Genius Sports, Research, Jefferies Locations: New York, London, Europe, Sportsbet, Australia, America, Sands

“How to Have Sex” is not didactic, however, which is what makes it so effective. And it starts out so fun, like a more innocent and realistic “Spring Breakers.”Parties on screen rarely feel as fun as they’re supposed to — the joy often looks a little forced. This is something Skye makes her feel self-conscious about while also trying to push her to get rid of on the trip. There is a hard turning point when things stop being fun in “How to Have Sex,” when one morning Tara is missing from both hotel rooms. “How to Have Sex,” a MUBI release in select North American theaters Friday, has not been rated by the Motion Picture Association.

Persons: Molly Manning Walker, Mia McKenna, Bruce, Enva Lewis, Lara Peake, Walker, Romeo, Badger, Shaun Thomas, Tara, He’s, Skye, Paddy, Samuel Bottomley, you’ve, she’s, McKenna Organizations: MTV Beach, Motion Locations: Skye, Greece

☆ Sam Altman says tech world 'should be united' in supporting Muslim colleagues
▼ + stars: | 2024-01-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

He says Jewish tech workers like himself have had more support from the industry. Altman added that he sees "much less of that" for his Muslim and Palestinian peers. AdvertisementOpenAI CEO Sam Altman says Palestinian tech workers he's spoken with don't feel free to express themselves because they fear it may hurt their careers. One commenter asked, "How are the Jewish colleagues?" Apple deleted Slack messages from employees about the war before pausing dedicated Slack channels for Muslim and Jewish employees, Business Insider's Ashley Stewart previously reported.

Persons: Sam Altman, Altman, —, Business Insider's Ashley Stewart, Paddy Cosgrave, Israel, Cosgrave Organizations: Service, Twitter, Business, Google, Web, Intel, Stripe Locations: Israel, Gaza, Palestinian, Irish, Europe

☆ 16-year-old storms to final of world darts championship with £500,000 prize at stake
▼ + stars: | 2024-01-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Luke Littler made it to the final of the 2023/24 Paddy Power World Darts Championship at Alexandra Palace. LONDON — A 16-year-old named Luke Littler on Wednesday will compete in the final of the PDC World Darts Championship hoping to become the youngest ever winner of the sport's premier tournament. Coming into the world championship, Littler was ranked 164 by the Professional Darts Corporation (PDC), the governing body in charge of the tournament. On his course to the final, he has knocked out some highly-ranked names in the sport including five-time world champion Raymond van Barneveld. If Littler is victorious, he will be the youngest ever winner of the World Darts Championship.

Persons: Luke Littler, Paddy, Littler, Brit Luke Humphries, Rob Cross, Raymond van Barneveld, Michael van Gerwen Organizations: Alexandra, PDC, Professional Darts Corporation, Darts Locations: London

☆ Everything we know about 'House of the Dragon' season 2
▼ + stars: | 2023-12-03 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

AdvertisementGet ready, because the second season of "House of the Dragon" is less than a year away. "House of the Dragon" season two will arrive on HBO sometime in the summer of 2024, HBO CEO Casey Bloys said at a Warner Bros. The first trailer for 'House of the Dragon' season 2 was released in DecemberThe first trailer for the second season was released on December 2 during the "House of the Dragon" panel at CCXP23 in São Paulo, Brazil. You can check it out here:Who's in the cast of 'House of the Dragon' season 2? Theo Whiteman/HBOWhile season one of "House of the Dragon" had 10 episodes, season two will only have eight, Deadline reported in March.

Persons: —, George R.R, Casey Bloys, Martin, Emma D'Arcy, Matt Smith, Matthew Needham, Eve Best, Rhys Ifans, Phoebe Campbell, Bethany Antonia, Ewan Mitchell, Fabien Frankel, Harry Collett, Olivia Cooke, Phia Saban, Steve Toussaint, Tom Glynn, Carney, Ollie Upton, Milly Alcock, Rhaenyra, Viserys, Paddy Considine, Simon Russell Beale, Ser Simon Strong, Freddie Fox, Ser Gwayne Hightower, Gayle Rankin, Alys, Abubakar Salim, Clinton, Jamie Kenna, Ser Alfred Broome, Kieran Bew, Hugh, Tom Bennett, Ulf, Tom Taylor, Cregan Stark, Vincent Regan, Ser Rickard Thorne, Theo Whiteman, Aemond, Miguel Sapochnik, Sapochnik, Ryan Condal, Alan Taylor, Condal, Alicent, Alicent Hightower, Rhaenyra Targaryen, Glynn, D'Arcy Organizations: Service, Dragons, HBO, Warner Bros, WGA, SAG, Entertainment, Jefferson, Clinton Liberty, Hollywood, Aegon Locations: Westeros, London, Wales, British, São Paulo, Brazil, Alys Rivers, Hull

☆ HBO just released its first teaser for 'House of the Dragon' season 2. Expect more dragons and more bloodshed.
▼ + stars: | 2023-12-03 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

More than 8,000 people, mostly Native Hawaiians, perished at Kalaupapa, including Damien, who eventually contracted leprosy, later called Hansen’s disease. Damien’s love for Kalaupapa’s people was unconditional, said Barbara Jean Wajda of the Sisters of St. Francis of the Neumann Communities. “They keep me like this, make me strong.”She enjoys when people visit and when the church brings pilgrims, she said. The walls of the sisters' house, Kalaupapa’s largest dwelling, are filled with photos of the sisters who worked on the settlement after Marianne. “And we both feel connected to the patients, to the land, to the saints who were here, declared and undeclared,” Wajda said.

Persons: Saint Damien of Molokai, Kalaupapa’s, Damien’s, ”, Lance Toyofuku, ” Kalaupapa, Father Damien, Mother Marianne —, Alicia Damien Lau, Damien, Joseph De Veuster, Saint Marianne, Patrick Killilea, “ Fr, Paddy, “ It’s, Philomena, Barbara Jean Wajda, Francis, Lau, ” Marianne Cope, Marianne, Tonata Lolesio, ” Lolesio, “, Honolulu Bishop Larry Silva’s, Silva, didn’t, that’s, Wajda, Francis Church, she’s, Watanuki, ” Bishop Silva, ” Keani Rawlins, Fernandez, Mother Marianne, Marianne . Lau, Alicia, ” Wajda, ” They’ve Organizations: Toyota, National Park Service, St, Neumann, Sacred Hearts School, Honolulu Bishop, “, Associated Press, Maui County Council, Lilly Endowment Inc, AP Locations: KALAUPAPA, Hawaii, Kalaupapa, Molokai, Belgian, Hawaii’s, Honolulu, Belgium, Germany, Maui, Lahaina, American Samoa, Maui County

☆ Lawrence Hylton photographs Hong Kong’s creatures of the night
▼ + stars: | 2023-11-28 | by ( Arya Jyothi | ) edition.cnn.com time to read: +5 min

Lawrence Hylton Hong Kong is home to more than 1,000 animal species, including this giant shield mantis. Lawrence Hylton Snakes are Hylton's favorite animal to photograph, but getting close enough can be a challenge. Lawrence Hylton Hylton started photographing wildlife at the age of 17. Lawrence Hylton Hong Kong has over 245 species of butterflies including the fish-line silkworm, pictured here. Lawrence Hylton Here, Hylton gets a close-up view of a local stag beetle.

Persons: Lawrence Hylton’s, Hylton, “ I’m, ”, Lawrence Hylton, Lawrence Hylton Hylton, Lawrence Hylton Here, “, ” Hylton, Bosco Chan, WWF Hong Kong, Chan Organizations: CNN, WWF Locations: They’re, Hong Kong, British, China, Hong, Kong, Lawrence Hylton Hong Kong, WWF Hong

Tiger Woods is returning to the PNC Championship, the 36-hole event that has become one of his favorites because of his partner: His son. Woods and 14-year-old Charlie are playing the PNC Championship for the fourth straight year, the one tournament he has not missed during the last injury-plagued four years. “It is an amazing gift to be able to share my love of golf with Charlie and we genuinely do look forward to playing in the PNC Championship all years,” Woods said Wednesday. “Competing together, against a field of so many golfing greats and their families, is so special.”The PNC Championship is Dec. 16-17 at the Ritz-Carlton Golf Club Orlando at Grande Lakes. Because the PNC Championship is run by the PGA Tour Champions, Woods is allowed to ride in a cart.

Persons: Woods, Charlie, ” Woods, “, Steve Stricker, Izzi, Padraig Harrington, Ciaran, Paddy, ” Harrington, Lee Trevino, ___ Organizations: PNC, PNC Championship, Ritz, Carlton Golf Club Orlando, PGA Locations: Grande Lakes, Woods, Los Angeles, Bahamas, Wisconsin

___Their recommendations include securing land rights for women, promoting women's cooperatives and encouraging women to lead on developing climate policy. The link between phenomena like uterine prolapse and climate change is indirect but significant, said Seema Bhaskaran, who tracks gender issues for the nonprofit Transform Rural India Foundation. “It must prioritize awareness programs that emphasize the specific health challenges women face in the wake of climate change as a critical step towards increasing public knowledge. These efforts will also serve as a call to action for governments, institutions, and communities to prioritize women’s health and well-being as a central component of their climate initiatives,” she added. “Definitely there is a very clear recognition that climate has a health impact and health needs to be considered more seriously,” she said.

Persons: Manju Devi, Devi, hadn’t, ___, Seema Bhaskaran, Bhaskaran, Savita Singh, Singh's, Singh, ”, Babita Kumari, Kumari, Poonam, COP28, Anjal Prakash, Shweta Narayan Organizations: DELHI, India Climate Journalism, Associated Press, Stanley Center for Peace, Security, Press Trust of India, India's, Transform Rural, Foundation, Climate Central, Population Foundation of India, Bharat Institute of Public, Indian School of Business, United Nations, Health, AP Locations: Delhi, Dubai, India, New Delhi, Syaraul, Uttar Pradesh, Nanu, U.S

Cosgrave resigned as CEO last month, saying his personal comments on the conflict had become a distraction from Web Summit 2023 in Lisbon. Web Summit appointed former Wikimedia Foundation CEO Katherine Maher as the chief executive. The Web Summit said more than 300 of its partners were coming to the event and that some "who were deliberating have come back on board and reversed their decision". The event attracts about 70,000 participants every year, drawing speakers from global tech companies and startups, as well as politicians. Reporting by Catarina Demony and Miguel Pereira; Editing by Andrei Khalip and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Paddy Cosgrave, Cosgrave, Katherine Maher, Maher, Gonzalo Calvo, Chelsea Manning, Kuo Zhang, Catarina Demony, Miguel Pereira, Andrei Khalip, Angus MacSwan Organizations: Web, Palestinian, Hamas, Google, Meta, Siemens, Web Summit, Wikimedia, Reuters, Ellanoor, WikiLeaks, Thomson Locations: LISBON, Lisbon, Israel, Irish, Gaza, Netherlands, Spanish

☆ A tech investor was fired after making offensive remarks on the Israel-Hamas conflict
▼ + stars: | 2023-11-14 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +5 min

Investor Kenneth Ballenegger was suspended from his firm Oyster Ventures after offensive posts on X.Ballenegger wrote on X that Israel should sterilize Gaza's population, among other remarks. AdvertisementAdvertisementVenture capitalist Kenneth Ballenegger has been suspended from the US investment firm he cofounded, Oyster Ventures, after making offensive remarks on X on the Israel-Hamas conflict. According to screenshots shared with Insider, Ballenegger wrote on Sunday: "After the war, Israel should handle Gaza like China handles Xinjiang. "Any employee's personal or political opinion does not reflect the values of Oyster Ventures or myself. The blowback over Ballenegger's comments also reflect ongoing tensions in the tech world.

Persons: Kenneth Ballenegger, Ballenegger, sterilize, —, Yashar Ali, Ballenegger's, Sophie Liao, Liao, I've, Bolt, Dealroom, Crypto, Paddy Cosgrave Organizations: Oyster Ventures, Service, Ventures, Summit Locations: Israel, Gaza, China, Xinjiang, San Francisco, Asia, Pitchbook

☆ The inside story of how FanDuel upended US sports betting with the same-game parlay and used it to dominate the market
▼ + stars: | 2023-11-07 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +11 min

The daily-fantasy-sports company, which European gambling giant Flutter Entertainment had acquired, was racing to introduce its "same-game parlay" to the US. The same-game parlay, a phrase FanDuel coined, has since caught fire, meshing well with the high-scoring, stat-driven, athlete-personality focus of US sports — and propelled FanDuel to the forefront of the betting market. "The same-game parlay was the right product in the right market at exactly the right time." Every sports-betting operator, from DraftKings to newcomer Fanatics, now has or is building its version of the same-game parlay. After the NBA resumed play in July 2020, the same-game parlay grew from 5% to 10% of FanDuel's bets, Farren said.

Persons: FanDuel, Scott Longley, parlay, Conor Farren, FanDuel's, DraftKings, Entain, parlays, Longley, would've, John Maguire, Maguire, isn't, LeBron James, Jalen Rose, Sportsbet, Paddy Power Betfair, Farren, It's, Ben Hider, Penn Organizations: NFL, Krejcik, Houston Rockets, Los Angeles Lakers, Australian Football League, Australian rugby, NBA, ESPN Bet, FanDuel, Industry Locations: DraftKings, Melbourne, Australia, England, FanDuel

☆ India's top court tells states to stop crop burning as New Delhi's air turns hazardous
▼ + stars: | 2023-11-07 | by ( Shivam Patel | ) www.reuters.com time to read: +3 min

Air quality dips every year ahead of winter, when calm and cold winds trap pollutants from sources including vehicles, industries, construction dust, and agricultural waste burning. Delhi has stopped local construction, closed primary schools till Nov. 10 and will impose restrictions on use of vehicles next week to fight pollution, but it wants its neighbouring states to control crop residue burning. At 2 p.m. on Tuesday, the real time air quality index stood at 306, a level categorised as 'hazardous' by Swiss group IQAir. "We direct the state government of Punjab and adjacent states to Delhi - Haryana, Rajasthan and Uttar Pradesh - to ensure that crop (residue) burning is stopped forthwith," Supreme Court judge Justice Sanjay Kishan Kaul said. Farmers in Punjab and Haryana usually burn crop stubble left behind after rice is harvested in late October or early November to quickly clear their fields before planting wheat crops.

Persons: Anushree, Boulton, Sanjay Kishan Kaul, SAFAR, Justice Kaul, Kaul, Simon Cameron, Moore Organizations: REUTERS, NEW, Farmers, Thomson Locations: Karnal district, Haryana, India, NEW DELHI, New Delhi, Delhi, Swiss, Punjab, Rajasthan, Uttar Pradesh

☆ Web Summit appoints new CEO after predecessor quit over Israel-Hamas comments
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Oct 30 (Reuters) - Web Summit has appointed former Wikimedia Foundation CEO Katherine Maher as chief executive following the resignation of Paddy Cosgrave, whose comments on the Israel-Hamas conflict prompted some companies to withdraw from an upcoming conference. Cosgrave, who founded Web Summit, resigned as CEO earlier this month, saying his personal comments on the conflict had become a distraction from Web Summit 2023 in Lisbon, one of the world's largest tech conferences, which is due to start on Nov. 13. "In recent weeks Web Summit has been at the centre of the conversation, rather than the host. "Today Web Summit is entering its next phase." Maher led Wikimedia Foundation, the global nonprofit behind Wikipedia, for five years and is chair of messaging platform Signal Messenger, a Web Summit statement said.

Persons: Katherine Maher, Paddy Cosgrave, Cosgrave, Maher, Cosgrove, Conor Humphries, Louise Heavens, Kirsten Donovan Organizations: DUBLIN, Summit, Wikimedia, Wikimedia Foundation, Palestinian, Hamas, Thomson Locations: Israel, Lisbon, Gaza

☆ A CEO resigned after making remarks on Israel. He's a case study in failing to read the room.
▼ + stars: | 2023-10-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Web Summit's CEO quit after appearing to accuse Israel of "war crimes," triggering backlash online. In his first post on the subject, Cosgrave seemed to accuse Israel of war crimes. "War crimes are war crimes even when committed by allies, and should be called out for what they are." Proceed with cautionMany of the high-profile CEOs who have commented on the conflict so far have explicitly condemned Hamas and supported Israel. "If you have no connection to Israel, what is the point in mouthing off about political issues now?"

Persons: Execs, Israel, —, Paddy Cosgrave, Cosgrave, I'm, Ireland's, Bill Kissane, Google's, Paul Argenti, Argenti Organizations: Service, Intel, Web, The London School of Economics, Political, Britain, Palestinian Liberation Organization, Web Summit, Google, Microsoft, Siemens, Israel, Tuck School of Business Locations: Israel, Lisbon, Ireland, Northern Ireland, mouthing

☆ Web Summit CEO resigns after apologizing for Israel-Hamas war comments
▼ + stars: | 2023-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Paddy Cosgrave, the CEO and co-founder of annual tech conference Web Summit, has resigned from his post after coming under fire for his comments on the Israel-Hamas war, leading Big Tech guests like Alphabet , Meta and Amazon to cancel their attendance. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement on Saturday. This year's conference is scheduled for Nov. 13 to Nov. 16 and is set to take place in Lisbon, Portugal. The day after he posted on X, Cosgrave issued an apology on Web Summit's blog, saying he understood that the timing of his comments "caused profound hurt." "What is needed at this time is compassion, and I did not convey that," Cosgrave said in the apology.

Persons: Paddy Cosgrave, Cosgrave Organizations: Big Tech Locations: Israel, Gaza, Lisbon, Portugal

☆ Web Summit Chief Steps Down Over Israel Remarks
▼ + stars: | 2023-10-21 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com time to read: +2 min

The chief executive of Web Summit, one of Europe’s biggest technology conferences, stepped down on Saturday after major sponsors and speakers withdrew from the event, set for next month, following backlash over his public criticism of Israel’s response to the Hamas attacks. “I sincerely apologize again for any hurt I have caused.”A spokeswoman for Web Summit said that the organization aimed to appoint a new chief executive as soon as possible. Web Summit said on Friday that it expected about 70,000 people to attend, about the same as last year. Among those to drop out were Ravi Gupta, a partner at Sequoia Capital, and Garry Tan, the chief executive of the technology incubator Y Combinator. But by Tuesday, he published an apology on Web Summit’s site in which he said he defended “Israel’s right to exist and to defend itself.”

Persons: Paddy Cosgrave, —, ”, “, Cosgrave’s, Ravi Gupta, Garry Tan, Cosgrave Organizations: Web, Google, Intel, Meta, Siemens, Web Summit, Western, Sequoia Capital Locations: Irish, Lisbon, Israel

☆ Web Summit CEO resigns after recent comments on Israeli conflict
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: 1 min

Web Summit's CEO Paddy Cosgrave talks on a stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo Moraes/File photo Acquire Licensing RightsOct 21 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Saturday resigned after comments he made on the Israeli-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement. Reporting by Maria Ponnezhath in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Paddy Cosgrave, Ricardo Moraes, Cosgrave, Maria Ponnezhath Organizations: Rio de Janeiro Brazil, REUTERS, Thomson Locations: Rio de Janeiro, Portugal, Bengaluru

☆ Web Summit CEO Paddy Cosgrave steps down in wake of controversy over his Israel comments
▼ + stars: | 2023-10-21 | by ( Lakshmi Varanasi | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Paddy Cosgrave, the CEO of Web Summit, announced Saturday he's stepping down immediately. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementPaddy Cosgrave, the CEO of Web Summit, said Saturday he was resigning with immediate effect. The conference — one of Europe's biggest tech events — is to take place November 13 to 16 in Lisbon, with 70,000 delegates, a Web Summit spokesperson previously told Insider. A representative said a new CEO would be appointed as soon as possible and that the conference would proceed as planned.

Persons: Paddy Cosgrave, Cosgrave, — Organizations: Web Summit, Service, Web, Intel, Siemens Locations: Israel, Geneva, Lisbon

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