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Peter Thiel - 1 Thiel - 1 That's - 1 Larry Summers - 1 Vivek Wadhwa - 1 Wadhwa - 1 Jimmy Finkelstein - 1 Semafor - 1
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7 mentions found


☆ Peter Thiel doubles down on his program to pay kids not to stay in school
  + stars: | 2024-02-24 | by ( Kenneth Niemeyer | ) www.businessinsider.com   time to read: +2 min
That's the message billionaire Peter Thiel is sending as he extends a fellowship program that offers $100,000 to students willing to skip college and develop a company instead. The PayPal founder started the program in 2010 with an initial group of 24 young people. Thiel has said he originally started the venture to prove that the American college system is not for everyone. Thiel told the Journal he decided to extend the program in part because he thinks American universities are now overly "woke," inspiring him to encourage young people to steer clear. "Our view is it's still an outside game, getting people out," Thiel told the outlet.
Persons: Peter Thiel, Thiel, That's, Larry Summers, Vivek Wadhwa, Wadhwa Organizations: PayPal, American, Stanford University, Harvard, Tech, Washington Post, Ivy
☆ Startup news site The Messenger shutters less than a year after its launch
  + stars: | 2024-01-31 | by ( Chloe Melas | Doha Madani | ) www.cnbc.com   time to read: +1 min
The Messenger, a startup digital news website that launched in May, is shutting down after reports that it was running out of money, an executive at the outlet who has been briefed on the matter told NBC News on Wednesday. The Messenger launched in May with Jimmy Finkelstein, who previously owned The Hollywood Reporter and The Hill, at the helm. It promised to provide "thorough, objective, non-partisan, and timely news coverage" in a time of bias and misinformation. Earlier this month, Semafor reported that The Messenger's board was considering shutting down the website as the outlet was set to run out of funds by the end of January. A day before staff were informed they were now without jobs, The New York Post reported that Finklestein was working to secure deals to inject new revenue into The Messenger to keep the site going.
Persons: Jimmy Finkelstein, Semafor, Finklestein, Conde Nast Organizations: NBC News, Hollywood, New York Post, Los Angeles Times, Forbes, Time, Sports Illustrated, Tech Crunch, Business
☆ Elon Musk says Starlink will offer internet access in Gaza to 'internationally recognized aid organizations'
  + stars: | 2023-10-28 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +3 min
SpaceX CEO Elon Musk has offered his Starlink internet services to aid organizations in Gaza. AdvertisementAdvertisementElon Musk said that Starlink satellite internet will be made available to aid organizations in Gaza after communications were cut off late Friday. AdvertisementAdvertisementIn response to her comment, Musk said: "Starlink will support connectivity to internationally recognized aid organisations in Gaza." Starlink will support connectivity to internationally recognized aid organizations in Gaza. The role of Starlink connectivity in the Ukraine war has attracted controversy over the control it offered Musk in the conflict.
Persons: Elon Musk, —, Alexandria Ocasio, Cortez, Musk, — Elon, Mark Regev, Benjamin Netanyahu, Starlink, Shlomo Karhi, He's Organizations: SpaceX, Communications, Service, Guardian, Democrat, BBC Radio, Street, Tech Crunch Locations: Gaza, Israel, Ukraine, Crimea, Russian
☆ Netflix aims to 'crawl, walk, run' when it comes to video games. It's still crawling
  + stars: | 2023-10-23 | by ( Drew Richardson | ) www.cnbc.com   time to read: +6 min
Former Electronic Arts mobile gaming executive Mike Verdu joined Netflix as vice president of game development in 2021. Getting existing subscribers to download and play mobile games is a challenge, though, Benes noted. As of September 2023, Netflix's games have been downloaded 70.5 million times, globally, according to data obtained from Apptopia. The beta rollout to limited users Canada and the U.K. included Oxenfree from Night School Studio, a Netflix game studio, and Molehew's Mining Adventure, a gem-mining arcade game. But Netflix is not looking to be a console replacement, Netflix gaming executive Verdu previously told Tech Crunch.
Persons: It's, we've, Greg Peters, Ross Benes, Mike Verdu, Joseph Staten, Benes, Netflix's, Playrix, Candy Crush, King, Peters, Sunny Dhillon, Kyber Knight, Dhillon, Verdu Organizations: Netflix, Intelligence, Electronic Arts, AAA, Night School, Street, Tech, CNBC Locations: Canada
☆ SVB's tech failings were a problem long before the bank run that led to its demise, critics say
  + stars: | 2023-03-12 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +5 min
But long-time clients and others with intimate knowledge of how SVB operated say the bank did itself no favors. In April 2020, Tech Crunch reported on other SVB customers complaining that the bank mishandled the PPP process. The central bank said it's creating a new Bank Term Funding Program aimed at safeguarding institutions impacted by the SVB failure. In addition, regulators said depositors at both SVB and Signature Bank in New York will have full access to their deposits. Roughly 95% of SVB's deposits are uninsured, which makes the bank particularly unique in that it serves primarily businesses.
☆ Private-equity salaries revealed: Here's how much top firms like Blackstone, KKR, and Oaktree are offering 2024 associates
  + stars: | 2023-02-09 | by ( Emmalyse Brownstein | Rachel Durose | ) www.businessinsider.com   time to read: +8 min
Some of the most recent private equity recruits will rake in nearly $200,000 in base pay alone. Among the firms recruiting are Bain Capital, Blackstone, and KKR & Co. — three of the largest private-equity firms in the world based on funds raised in the last five years. These private-equity firms, along with others, have increasingly accelerated their recruiting timelines to get ahead of competitors, as Insider previously reported. To woo promising junior talent, private-equity firms offer sky-high salaries and even more enticing bonus propositions, much like in investment banking, from which these firms cull most of their talent. Oaktree Capital ManagementOaktree Capital Management was founded in 1995, and has $170 billion in AUM, according to its website.
☆ Jeep's first EV just won Europe's Car of the Year award — but you can't buy the Avenger in America
  + stars: | 2023-01-14 | by ( Stephanie Stacey | ) www.businessinsider.com   time to read: +3 min
The Jeep Avenger has been named European Car of the Year for 2023 – but it's not on sale in the US. The Jeep Avenger was named European Car of the Year at the Brussels auto show on Friday. Sjoerd van der Wal/Getty Images)The Avenger is part of Jeep's drive to become a leader in electric SUVs. The Jeep Recon and Wagoneer S will be the first fully-electric Jeep SUVs available to American buyers, but they're not scheduled to go into production until 2024. In France, for example, buyers can receive up to 7,000 euros ($7,590) towards an electric car that costs less than 47,000 euros ($50,964).
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