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☆ Social media firms reject ‘shadow banning’ allegations on Palestinian-related content
▼ + stars: | 2024-03-06 | by ( Emma Graham | ) www.cnbc.com time to read: +2 min

Social media firms have responded to allegations of "shadow banning" their users for Palestinian-related content amid the conflict in Gaza, saying that the implication that Big Tech "deliberately and systemically suppress a particular voice" is false. They have been accused of blocking certain content or users from their online communities since the onset of the war between Israel and Hamas which started in October. Queen Rania Al Abdullah of Jordan, for example, criticized major platforms for allegedly limiting Palestinian-related content about the war. Yet, it is hard for users to trust platforms that control their content from the shadows, based on vague standards," Queen Rania told the Web Summit in Doha. Hussein Freijeh, the vice president of MENA for Snapchat, told CNBC's Dan Murphy at Web Summit Qatar last week that these firms have "a really important role to play in the region."

Persons: Queen Rania Al Abdullah of Jordan, Queen Rania, Hussein Freijeh, CNBC's Dan Murphy, Freijeh, Israel Organizations: Tech, Hamas, Human Rights, Snapchat, Web Summit Qatar, Meta, Facebook, Journalists Locations: Gaza, Israel, Doha, Palestine

☆ 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

☆ Fintech Jeeves could launch in Qatar as soon as next year, CEO says
▼ + stars: | 2024-02-28 | 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 EmailFintech Jeeves could launch in Qatar as soon as next year, CEO saysDileep Thazhmon, CEO of Fintech Jeeves, discusses the company's potential launch in Qatar next year at the Web Summit in Qatar.

Persons: Dileep Thazhmon Locations: Qatar

☆ 'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal
▼ + stars: | 2024-02-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

"We definitely are eyeing the public markets," Assia told CNBC in an exclusive interview last week. "I definitely see us becoming eventually a public company." EToro has already put the work in toward becoming a public company, he suggested, and the question of listing is more a matter of when, not if. Retail investors come to eToro to buy shares of a public company. EToro now has 35.5 million registered users, and over 3 million funded accounts.

Persons: Yoni Assia, Assia, EToro, eToro Organizations: Stock, CNBC, Nasdaq, eToro, EToro Club Locations: Lisbon, Portugal

☆ Katherine Maher Named C.E.O. of NPR
▼ + stars: | 2024-01-24 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

NPR announced on Wednesday that Katherine Maher would be its next chief executive, picking a leader with an extensive track record in the nonprofit world but without one in the realm of public radio. Ms. Maher was previously the chief executive of the Wikimedia Foundation, a nonprofit that supports the popular online resource Wikipedia by raising money and providing technology infrastructure, among other services. She is the chief executive of Web Summit, an organization that holds technology events around the world. Jennifer Ferro, the chair of NPR’s board, said in a statement that Ms. Maher stood out because of her experience tackling “issues around reliable and accessible information,” adding that the search focused on candidates who could “reach audiences on new and existing platforms.”Ms. Maher, 40, will take over at NPR during a critical period. Listenership of traditional radio is waning as Americans adopt alternatives like Spotify and other on-demand services, pressuring NPR to reach its audiences in new formats.

Persons: Katherine Maher, Maher, Jennifer Ferro, Ms Organizations: NPR, Wikimedia Foundation, Web

☆ 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

☆ 3 titans will fight to dominate the market for Wegovy in 2024
▼ + stars: | 2023-12-27 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Dozens of startups have jumped into the weight-loss market this year as weight-loss drugs, including Wegovy and Ozempic, have exploded in popularity. The few companies with enough money and brand recognition to stand up to Ozempic's distribution challenges — WeightWatchers, Noom, and Ro — can expect to compete for market dominance next year. But WeightWatchers signaled it's going all in on weight-loss drugs by launching its own behavioral program for patients on Ozempic in December. WeightWatchersLike WeightWatchers, Noom has remained staunchly in the weight-loss market since its 2008 launch. Ro launched its own program prescribing weight-loss drugs in January.

Persons: VCs, — WeightWatchers, Sari Kaganoff, WeightWatchers, it's, Sima Sistani, Noom, Ro, Zach Reitano, Kaganoff, Saeju Jeong, Sam Barnes, Aaron DeGagne Organizations: Business, Rock Health, Web, Getty, PitchBook Locations: Ozempic

☆ Reproductive startup launches test to identify an embryo's genetic defects before an IVF pregnancy begins
▼ + stars: | 2023-12-05 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Reproductive technology startup Orchid on Tuesday announced a comprehensive new genetic test that may help many prospective parents across the U.S. breathe a little easier. Orchid said its new test will help couples identify whether their embryos present genetic risks such as birth defects, neurodevelopmental disorders, chromosomal abnormalities, or pediatric and adult-onset cancers that were previously only detectable after birth. IVF is a taxing process that can cost an average of more than $12,000 in the U.S., according to the Institute for Reproductive Health. Success is not guaranteed, and some people go through multiple rounds of IVF before a pregnancy develops. Orchid's genetic test will cost couples an additional $2,500 per embryo sequenced, but it does not add any new steps or risks to the IVF process, Siddiqui said.

Persons: Noor Siddiqui, Siddiqui, Couples Organizations: CNBC, Institute for Reproductive Health, Austin Locations: Dublin, Ireland, U.S, Los Angeles, Chicago, Miami

The plea deals end a years-long investigation into the crypto exchange. Binance holds around $2.8 billion worth of BNB tokens, according to Nansen. Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year. "This, combined with the likely imminent approval of an ETF based on bitcoin quotes, could positively impact the crypto market in the long term," said Drozdz. Binance has agreed to forfeit $2.5 billion to the government and to pay a fine of $1.8 billion.

Persons: Binance's, Changpeng Zhao, Ben Mcshane, Sportsfile, Nansen, Binance, Grzegorz Drozdz, Bitcoin, Drozdz, Zhao, Yesha Yadav, Milton R, Underwood, General Merrick Garland, Garland, Richard Teng, Teng, Janet Yellen, Al, Yellen Organizations: Getty, Department of Justice, ., SEC, Conotoxia, CNBC, DOJ, Vanderbilt University, Justice Department, U.S, Monetary Authority of Singapore, Binance, Futures Trading Commission, Treasury Department, The Securities, Exchange Commission, ISIS Locations: Lisbon, Portugal, Binance, Nansen, U.S, Abu Dhabi

☆ Who is new interim OpenAI CEO Emmett Shear? All you need to know about the man replacing Sam Altman
▼ + stars: | 2023-11-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

After a weekend of rumor and speculation, Emmett Shear — former co-founder and CEO of Twitch — confirmed he will take the top job at probably the most high-profile AI company in the world. watch nowTwitch was acquired by Amazon for $1 billion in 2014 and Shear stepped down as CEO of Twitch last year. Before Shear started Twitch, he was the co-founder of Kiko Calendar, a calendar app he worked on through the 2005 Y Combinator program. As head of OpenAI, Shear will likely face pressure from regulators who have been heavily scrutinizing AI model companies given the risks the technology poses around misinformation and potential displacement of jobs. Earlier this month, the U.K. held a pivotal summit on AI safety, attended by major foundational AI companies, to discuss some of the most pressing issues in the field.

Persons: Emmett Shear, Eoin Noonan, It's, Sam Altman, Twitch —, Shear, Altman, ChatGPT, Emmett, Justin Kan, Michael Seibel, Kyle Vogt, Kan, Twitch, Y, Kiko Organizations: Web, Getty, Amazon, YouTube Locations: LISBON, PORTUGAL, Lisbon, Portugal, Silicon

☆ Ruzwana Bashir Is Quietly Connecting the Tech World
▼ + stars: | 2023-11-16 | by ( ) www.businessinsider.com time to read: +18 min

Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."

Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, —, doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap

☆ Sonic the Hedgehog helped revive 63-year-old Sega. The firm wants a repeat with its other classics
▼ + stars: | 2023-11-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

"Sonic is reviving," Utsumi told CNBC's Arjun Kharpal, alluding to the success of the Sonic the Hedgehog adaptations in the box office. It comes as Sega is set to launch a new Yakuza game, Like a Dragon: Infinite Wealth, next year. watch nowSega recently launched the latest iteration of its Yakuza game. Collectively, the Yakuza game series has sold 21.1 million units since its debut in 2005, according to Sega. Buying more studiosSega is also on the hunt for more acquisitions as it seeks to expand its ownership of gaming studios, Utsumi said.

Persons: Shuji Utsumi, Utsumi, CNBC's Arjun Kharpal, Sega Sammy, that's Organizations: Paramount, CNBC, Summit, Sega, Rovio, Angry Birds, PlayStation, Nintendo, Sony, Microsoft Locations: Libson, Portugal, lockdowns, Japan

☆ Wikipedia founder escalates feud with Elon Musk. He says the former Twitter is 'overrun by trolls and lunatics' — and people are fleeing.
▼ + stars: | 2023-11-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

AdvertisementWikipedia founder Jimmy Wales just threw the latest punch in his ongoing feud with X owner Elon Musk. Wales said that X — formerly known as Twitter — has become, in his view, overrun with "trolls and lunatics. "It's probably a terrible business model, but that's the history of my career," he said with a laugh. "If you have the same business model as everyone else, you're driven by the same pressures. If you have a different business model you can say, 'OK, now, why would people pay for this?'"

Persons: Jimmy Wales, —, Elon Musk, Musk, he'd, Donald Trump, Kanye West, influencer Andrew Tate ., he's, it's Organizations: Web, Wales, Service, X, Twitter, CNBC Locations: Wales, Turkey, influencer Andrew Tate . Wales

☆ X, formerly Twitter, being 'overrun by trolls and lunatics' after Musk takeover, Wikipedia founder says
▼ + stars: | 2023-11-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

watch nowLISBON — Wikipedia founder Jimmy Wales slammed X, formerly known as Twitter, after its takeover by Elon Musk, saying the social media service is losing users and has been "overrun by trolls and lunatics." "I think a lot of people are fleeing Twitter, a lot of thoughtful and serious people are fleeing Twitter," Wales told CNBC at the Web Summit tech conference in Lisbon. "Twitter was, and now I guess X sort of is, in a way, the default public square for the world. Wales' comments come after Musk offered Wikipedia $1 billion if it changes its name to "Dickipedia." The spat between the two goes back to last year when Musk alleged Wikipedia has "a non-trivial left-wing bias."

Persons: Jimmy Wales, Elon Musk, Twitter, it's, Musk, he's, Elon Organizations: Elon, Twitter, Wales, CNBC, Summit, Research Locations: LISBON, Wales, Lisbon

☆ Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
▼ + stars: | 2023-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Hiroki Takeuchi, GoCardless chief executive, on the MoneyConf Stage, attends Web Summit 2021 in Lisbon, Portugal. Last year, GoCardless acquired the Latvian open banking startup Nordigen in its first major acquisition. Open banking is one thing and definitely something we think is really important." GoCardless' technology allows firms to collect direct debit payments from consumers. What is open banking?

Persons: Hiroki Takeuchi, Harry Murphy, We're, GoCardless, Takeuchi, Rapyd, they're, we've, Nordigen Organizations: Sportsfile, Getty, GV, CNBC, Tink, PayU GPO, GoCardless Locations: Lisbon, Portugal, British, Latvian, Britain, Statista, London

☆ 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

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

LISBON, Nov 14 (Reuters) - Chelsea Manning, a former U.S. army analyst and WikiLeaks source, said on Tuesday that technology tools can be more efficient in protecting people's privacy and information than legal or regulatory mechanisms that risk being tampered with. "I believe very strongly that there are technical means of protecting information and those are more reliable," Manning told Reuters in an interview during Europe's largest technology conference, the Web Summit, in Lisbon, Portugal. Manning currently works as a security consultant at Nym Technologies, a network that aims to prevent governments and companies from tracking people's online activities. 'SIDESTEPPING ETHICS'Artificial intelligence (AI) is the big topic at this year's Web Summit, which draws tens of thousands of participants and high-level speakers from global tech companies, as well as politicians. Reporting by Catarina Demony; Additional reporting by Supantha Mukherjee; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Chelsea Manning, Manning, Barack Obama, Catarina Demony, Supantha Mukherjee, Aurora Ellis Organizations: WikiLeaks, Reuters, Web, Nym Technologies, Thomson Locations: LISBON, U.S, Lisbon, Portugal, Iraq

☆ Web Summit CEO: Attendees this year represent 'future of the industry'
▼ + stars: | 2023-11-10 | 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 EmailWeb Summit CEO: Attendees this year represent 'future of the industry'Katherine Maher, CEO of Web Summit, said that next week's event will see have a high impact despite several top names in technology, from Meta to Amazon, having pulled out.

Persons: Katherine Maher Organizations: Web Locations: Meta

☆ Queen Rania of Jordan says being pro-Palestinian does not equal being ‘antisemitic’
▼ + stars: | 2023-11-06 | by ( Becky Anderson | Zeena Saifi | ) edition.cnn.com time to read: +5 min

CNN —Queen Rania Al Abdullah of Jordan has called for a ceasefire in Israel’s war against Hamas, saying that supporting the protection of Palestinian lives does not equal being antisemitic or pro-terrorism. Being pro-Palestinian is not being antisemitic, being pro-Palestinian does not mean you’re pro-Hamas or pro-terrorism,” Rania told CNN’s Becky Anderson on Sunday. “What we’ve seen in recent years is the charge of antisemitism being weaponized in order to silence any criticism of Israel,” she said. Hamas killed more than 1,400 people, mostly civilians, and took about 240 hostages, according to the Israel Defense Forces’ (IDF) count. Queen Rania questioned how many more people must die before “our global conscience awakes.”“All they want to hear is apologies from Palestinians.

Persons: Rania Al Abdullah, Jordan, ” Rania, CNN’s Becky Anderson, Israel, ”, “, of Jordan, Rania Al, Abdullah, Pedro Nunes Pedro Nunes, Reuters Israel, Antony Blinken, Blinken, Gilad Erdan, Queen Rania, ’ Israel, United States Michael Herzog, CBS’s, Rania, Joe Biden, ” “, … they’re, King Abdullah II, You’re, “ You’re Organizations: CNN, REUTERS, Reuters, Hamas, Israel Defense Forces ’, Palestinian, Health, US, ‘ Avalanche, Gaza Health Ministry, UNRWA Locations: Israel, Lisbon, Portugal, Gaza, Ramallah, Wadi Gaza, United States, Jordan, Jordanian

☆ 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

☆ Goldman exec exits revealed
▼ + stars: | 2023-10-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're taking a deeper look at the number of partner departures at Goldman Sachs under CEO David Solomon. The big storyGoldman exits, by the numbersPaul Morigi/Getty Images; Jenny Chang-Rodriguez/InsiderAt least 210 Goldman Sachs partners have left on David Solomon's watch. It's also higher than Insider's analysis of yearly partner exits during the 14 years before Solomon took over as CEO, which came to 40.4. AdvertisementAdvertisementThe case for SolomonWhile partner departures under Solomon have increased, according to our analysis, it hasn't been a massive bump. Former Goldman partners become future Goldman clients, the bank likes to say.

Persons: —, Céline Dion, Goldman Sachs, David Solomon, What's, Goldman, Paul Morigi, Jenny Chang, Rodriguez, David Solomon's, Dakin Campbell, Emmalyse Brownstein, Walt Hickey, Kaja Whitehouse, It's, Solomon, Tony Fratto, Samantha Lee, hasn't, Lloyd Blankfein —, Solomon's, Solomon isn't beholden, it's, doesn't, Omer Ismail, CHANDAN KHANNA, Chelsea Jia Feng, Sam Bankman, Fried, SBF, Judge Lewis Kaplan, Israel, Duran Duran, Taylor Swift, Blake Shelton, Gwen Stefani, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Goldman, Walmart, Getty, View Press, Investors, Deal, Microsoft, MLB, The Arizona Diamondbacks, Texas Rangers, ExxonMobil, The Locations: Porirua , New Zealand, Chelsea, Israel, Arlington , Texas, Chevron, AutoNation, New York City, San Diego, London, New York

☆ 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

☆ GoStudent, the $3 billion edtech darling, scaled fast and partied hard. The result was a mess.
▼ + stars: | 2023-10-24 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +23 min

These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.

Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, —, Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo

Meanwhile, Meta has struggled with applying its content policies fairly across its platforms, including Facebook and Instagram, according to The Wall Street Journal. Experts say companies often find themselves out of their depth in talking about the knotty topic and that sometimes there’s little benefit to rushing out a statement. Some companies, especially those without operations in the Middle East, have chosen not to speak. In related news: How diplomats from the U.S., Qatar and elsewhere helped free two Americans taken hostage by Hamas. The two were far apart earlier this month on issues including streaming payouts and the use of artificial intelligence.

Persons: Dave Chappelle sparred, driller, Hess Organizations: U.S, Social, Israel, Meta, Facebook, Wall Street, ” Employers, Corporate, Web, Creative Artists Agency, Hamas, Exxon Mobil’s, Natural Resources, Republicans, SAG, . Tax, Big Tech Four, Microsoft, Apple, Nvidia, Nasdaq Locations: Israel, Gaza, U.S, Qatar, Ukraine, Chevron’s, Guyana, Texas, New Mexico

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