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☆ Insider Co-Founder Henry Blodget Steps Down as CEO Amid Strategy Shift
▼ + stars: | 2023-11-14 | by ( Alexandra Bruell | ) www.wsj.com time to read: 1 min

Henry Blodget says he will serve as board chair of Insider, advise Axel Springer on its U.S. development and go back to doing journalism. Photo: mike blake/ReutersHenry Blodget, one of the early pioneers of digital media, is stepping down as chief executive of Insider, a publication he co-founded more than 15 years ago. The move comes as Insider, now a unit of German publishing giant Axel Springer, is changing its name back to Business Insider as part of an effort to focus on business and technology news instead of trying to be a generalist publication. The change, effective Tuesday, is happening less than three years after the publication had shortened its name to Insider.

Persons: Henry Blodget, Axel Springer, blake Organizations: Business

☆ Business Insider changes back to its former name as Henry Blodget leaves CEO role
▼ + stars: | 2023-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. In a statement, the company said she “played a pivotal role in skillfully steering Business Insider through the challenges of a pandemic and the sharp downturn in the advertising industry, while simultaneously fine-tuning Business Insider’s strategy.”Blodget, a former analyst who was charged with civil securities fraud in 2003 and barred from the securities industry, isn’t leaving Business Insider. The publication was originally named “Silicon Alley Insider” when it was launched in 2007, focusing on coverage of the New York business community, before changing its name to Business Insider two years later. A general news website called “Insider” was launched a year later. A return to Business Insider “reaffirms our center of gravity around business, tech, and innovation,” Peng wrote.

Persons: New York CNN — Henry Blodget, Barbara Peng, “, ”, Axel Springer, ” Peng, we’ve Organizations: New, New York CNN, “, Business Locations: New York

☆ A note from Business Insider's new CEO
▼ + stars: | 2023-11-14 | by ( Barbara Peng | ) www.businessinsider.com time to read: +3 min

Today I am excited to share some news: we're officially returning to the name Business Insider. There is so much I love about Business Insider. Two years later, we adopted the name Business Insider. We help them discover the ideas and the people who are changing business, tech, and beyond. A future as Business Insider reaffirms our center of gravity around business, tech, and innovation.

Persons: we're, It's, We've, Henry Blodget, —, Henry, doesn't, we've, We'll, – Organizations: Business, Financial Locations: New York, London

☆ AOL (TWX): Update on Next Week's Firings
▼ + stars: | 2023-11-13 | by ( Henry Blodget | ) www.businessinsider.com time to read: +1 min

Unfortunately, some of our AOL moles were pole-axed in the October massacre, and management is doing a better job of keeping the details of this months' firings under wraps. We've also heard that next week's firings were planned way back in September, as the second part of a two-part purge, which also explains why there's less chatter about them. In any event, word is the Products and Sales teams are going to take the brunt of the whackage. We regret to be the bearers of this bad news, and we wish everyone in Dulles and New York the best. Or Just Tying Up Old OnesAOL: More Firings Coming?

Persons: Bethany Clarke, We've Organizations: Products, AOL Locations: Dulles and New York

☆ The Fed's own economists now expect a Goldilocks scenario: No recession, low inflation, and positive growth
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Economists from the Federal Reserve Bank of Chicago predict inflation will cool without a recession. "That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists said. So far, based on the analysis, tighter policy has resulted in 5.4 percentage points in the level of real GDP and 7.1 percentage points in CPI. That represents about 65% and 75% of the total tightening effects on the levels of real GDP and CPI, respectively, that will occur, according to the model. Policy has reduced total hours worked by about 4 percentage points, or about 40% of the total effect that is ultimately projected.

Persons: Stefania D'Amico, Thomas King, D'Amico, King, Henry Blodget Organizations: Federal Reserve Bank of Chicago, Service, Consumer, Index, CPI Locations: Wall, Silicon

☆ The chances of a US recession are now just 15% with the Fed probably done hiking rates, Goldman Sachs says
▼ + stars: | 2023-09-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

There's now just a 15% chance of a US recession over the next 12 months, according to Goldman Sachs. The Federal Reserve is close to calling time on its war on inflation, according to the bank. "Our confidence that the Fed is done raising rates has grown," economist Jan Hatzius said. "On net, our confidence that the Fed is done raising rates has grown in the past month," he wrote in a research note. Those economic data-points could help to convince some of the more hardline Fed policymakers that further tightening won't be necessary necessary, according to Hatzius.

Persons: There's, Goldman Sachs, Jan Hatzius, there's, it's, Henry Blodget, Jerome, Powell's, Jackson, Hatzius Organizations: Federal, Service, Federal Reserve, Fed Locations: Wall, Silicon, Wyoming

☆ Why a famous quote from 50 years ago helps explain everything going on in Hollywood right now
▼ + stars: | 2023-08-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +9 min

That means Netflix, which is the only streaming company making real money. There's been a race between the major media companies to acquire users over the past several years, something you could describe as the "Netflix effect." There used to be a few dominant media companies, then the internet and cell phones arrived, and there was a fresh wave of competition and innovation. There's a strong chance that we're now moving back to a world where there's a few dominant media companies, albeit in different industry structures. And arguably, these new dominant media companies are more powerful than the old dominant media companies.

Persons: Andy Warhol, I'd, Warhol, it's, Henry Blodget, Here's what's, That's, I'm, Bob Iger, There's Organizations: Intelligence, Hulu, YouTube, Spotify, New York Times, Street, Netflix, Warner Bros, Paramount, Disney, ABC, FX, ESPN Locations: Hulu

☆ After getting fired from one job and nearly canned from another, I finally learned the key difference between work and school
▼ + stars: | 2023-07-05 | by ( Henry Blodget | ) www.businessinsider.com time to read: +4 min

In my 20s, I struggled with the transition from school to work. The difference is that the money is going the other way when you're at work. So, in the hopes of saving those who ask for advice from their own self-inflicted career sabotage, I sometimes ask them this:"What's the key difference between school and work?" In school, you're the customer. But as you transition from school to work, remember which way the money is going.

Persons: —, I'd, I've, haven't Organizations: Service

☆ Apple shareholders should rejoice about Vision Pro's $3,500 price tag — and it's a better approach than Facebook's
▼ + stars: | 2023-06-08 | by ( Henry Blodget | ) www.businessinsider.com time to read: +5 min

Facebook's going for ubiquity — the platform approach — but it's not working well. For anyone who has watched Apple's pricing strategy over the years, this approach shouldn't have been a surprise. Apple's pricing choice also illustrates a distinctly different pricing strategy than the one taken by Apple's big AR/VR rival, Facebook. But Apple's approach does come with a distinct advantage over Facebook's. If Vision Pro is a dud — or takes forever to gain traction — like Quest, Apple at least won't likely burn tens of billions on its investments in it.

Persons: it's, Apple, Facebook's, Steve Jobs, gizmo Organizations: Apple, Facebook, Quest VR, Quest, Microsoft

☆ Thank you, Apple! Ignore the haters. Innovation is brave, inspiring, necessary, and cool.
▼ + stars: | 2023-06-06 | by ( Henry Blodget | ) www.businessinsider.com time to read: +4 min

You may think Apple's new headset is ridiculous, but you should cheer the company anyway. Innovation is expensive, difficult, and risky — and the only way to create a better future. And I don't think creating "eyes" on the outside of my goggles to make me look friendlier is going to change that. I do think there are certain communities and applications that might see fast adoption of Apple's goggles — gaming, for example. So I'm not ready to write off Apple's goggles yet.

Persons: Steve Jobs, Apple, I'm, It's Organizations: Vision

☆ Yes, you should have children, even in the face of climate change!
▼ + stars: | 2023-06-03 | by ( Henry Blodget | ) www.businessinsider.com time to read: +4 min

A would-be parent asks whether it's selfish to have children today because the world's going to hell. "The Ethicist" (Kwame Anthony Appiah) provides a long, thoughtful response to this question that boils down to, "yes." And, therefore, it might be mean or selfish or irresponsible for would-be parents to bring children into the world. But more importantly, despite climate change, et al, the world actually isn't worse than it has ever been. So, yes, worried would-be parents, by all means have children.

Persons: —, Kwame Anthony Appiah, Kwame's, it's, Steven Pinker, we've, That's, maiming Organizations: Service, New York Times, Harvard University Locations: York

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