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☆ Fed-up employees might threaten to quit if changes aren't made to their job, but 'thruitting' often does more harm than good
▼ + stars: | 2023-10-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

siraanamwong/Getty ImagesYou're fed up with your job and are finally going to let your manager know it: "Fix this, or I'm leaving." In a bid to keep up with the never-ending stream of workplace trends, let's call this one "thruitting." AdvertisementAdvertisementFor your bookmarksFree tax filing programUS Treasury Secretary Janet Yellen has said tax filing should be simple. SAUL LOEB/AFP via Getty ImagesSee if you're eligible for the IRS' new, free tax filing pilot in 13 states. It's part of the department's attempt to make tax filing simpler and more cost-effective.

Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York

☆ These are the 50 best bars in the world for 2023 — another Barcelona bar tops the list
▼ + stars: | 2023-10-18 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +6 min

SINGAPORE — Sips in Barcelona, Spain is the best bar in the world, according to this year's ranking by the 50 Best organization. The World's 50 Best Bars were announced at an awards ceremony in Singapore on Tuesday evening — the first time the ceremony was held in Asia. The annual ranking is published by William Reed Business Media, a U.K.-based company that also publishes "The World's 50 Best Restaurants" list — and in a first, "The World's 50 Best Hotels," published in September. The 50 Best organization has published an annual ranking of "The World's 50 Best Bars" since 2009, with London and New York dominating the lists ever since. Courtesy of The World's 50 Best Bars

Persons: William Reed, Sips, Marc Álvarez, Frida Calho, Sydney –, Madrid, Rome Hanky, Kitten, Scotland Mimi Kakushi, Renato, Simone Caporale, Röda, Apoorva Kohli Organizations: Sips, Mexico City, William, William Reed Business Media, CNBC, South America, United Arab Emirates, Barcelona Connaught Bar, South America Himkok, Greece BKK Social, Salmon Guru, Hong, Buenos Aires Röda Huset, SG Club, Cambridge Public House, Sons, Africa Scarfes Bar, Milan Carnaval, Bar, Athens Atlas, American, Asia Locations: SINGAPORE, Barcelona, Spain, Singapore, Asia, New York, Mexico, U.K, London, Sips, Europe, North, South, Australia, Dubai, United Arab, South America, Oslo, Norway, Seoul, North America, Paradiso, Paris, Limantour, London Alquímico, Cartagena, Columbia, Buenos Aires, Argentina, Athens, Greece, Bangkok, Pony, Salmon, , New York, Hong Kong, Rome, Rome Hanky Panky, Melbourne, Trova, Miami Baba, Rum, Athens CoChinChina, Berlin, Stockholm, Tokyo, Edinburgh, Scotland, United Arab Emirates, Middle East, Milan, Lima, Peru L'Antiquario, Naples, Italy, Mexico City, Firenze, Florence, , New Orleans, Gleneagles, Auchterarder, Röda Huset, New Delhi, Alquímico

☆ UK mobile operator EE eyes growth with new retail platform
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 18 (Reuters) - EE, Britain's biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others. In Britain's mature mobile market, where EE, owned by UK telecoms giant BT (BT.L), competes with VM O2, Vodafone (VOD.L) and Three, mobile network providers are hunting for new ways to grow. EE, which is already Britain's largest retailer of smartphones and has 25 million customers many on monthly deals, said the new platform will sell gaming consoles, tablets, upgrade packages and subscriptions to existing EE customers plus the rest of the market. EE ID will also offer customers cyber security, home security and insurance products for electronics, said Christian Thrane, EE's managing director of marketing. EE's push to add consumer revenue comes at a time of proposed consolidation in Britain's mobile market.

Persons: Marc Allera, Christian Thrane, CK Hutchison, Sarah Young, Sachin Ravikumar Organizations: Wednesday, BT, VM O2, Vodafone, Apple TV, Reuters, CK, HK, Thomson

☆ ‘World’s best’ bar for 2023 is revealed
▼ + stars: | 2023-10-17 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

Singapore CNN —Barcelona has retained its grip on the World’s 50 Best Bars list as intimate cocktail joint Sips claimed the top spot at 2023’s awards. Winners were voted for anonymously by the World’s 50 Best Bar Academy, a group of 680 industry figures including bar owners, bartenders and critics. The group also coordinates the World’s 50 Best Restaurants list, which named fine dining establishment Central, in the Peruvian capital Lima, at No. World’s best bars for 20231. Baba au Rum, AthensFor the full list of the top 50, visit the World’s 50 Best Bars site.

Persons: “, ‘, Miami’s, Connaught, Sips, Simone Caporale, Marc Álvarez, ” Caporale, mixologist, ” William Reed, Licorería, Sammy, Salmon, Hanky, Café Organizations: Singapore CNN — Barcelona, Mexico City, Bar Academy, Connaught Bar, CNN, BKK Social, Sydney Locations: Singapore, London, New York, Spain, Europe, Mexico, Buenos Aires, New York City, Manhattan’s Lower, Side . Florida, Louisiana, New Orleans, Mayfair, Barcelona, Lima, Sips, Paris, Licorería Limantour, Alquímico, Cartagena, Himkok, Oslo, Athens, Bangkok, Pony, Madrid, , New York, Seoul, Hong Kong, Rome, Hanky Panky, Melbourne, Trova, Miami, Baba au Rum

☆ Slowing down on AI will cause preventable deaths — and that's a form of murder, says Marc Andreessen
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Billionaire investor Marc Andreessen posted a mammoth 5000-word techno-optimist manifesto on Monday. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Andreessen. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Marc Andreessen. "Our enemies are not bad people – but rather bad ideas, "Andreessen wrote. Andreessen and Andreessen Horowitz did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Marc Andreessen, —, Andreessen, Elon Musk, Sam Altman —, Andreessen Horowitz Organizations: Service, Forbes

☆ Marc Andreessen is getting raked over the coals for calling social responsibility the 'enemy'
▼ + stars: | 2023-10-17 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

VC Marc Andreessen wrote a lengthy missive this week, titled "The Techno-Optimist Manifesto." AdvertisementAdvertisementIt wouldn't be a Marc Andreessen essay if the internet didn't lose its mind over it. Rather, technology, he wrote, can solve for "any material problem" under the sun and herald a new era of "abundance for everyone." The backlash to Andreessen's essay was swift. He runs one of the biggest venture capital firms by assets and perceived importance.

Persons: Marc Andreessen, —, Kara Swisher, Andreessen, Ben Collins, Andreessen's missive, Dorothea Baur, Cameron Moll, he's, Gary Marcus, Marcus, what's, Aravind Srinivas, A16z, Collins, Andreessen Horowitz, Del, Johnson Organizations: Service, Securities and Exchange Commission, Facebook, Backstage Capital, Silicon Valley Bank, Venture Locations: Silicon Valley, Del Johnson, Silicon

☆ Tech Industry Made Americans Lonelier, Now It Has to Help Connect Us
▼ + stars: | 2023-10-10 | by ( David Risher | ) www.businessinsider.com time to read: +11 min

A company that prioritizes product-market fit can build a great, customer-focused business. The venture capitalist Marc Andreessen has said that for startups, product-market fit is "the only thing that matters." I appreciate Marc's wisdom: Great product-market fit produces a sugar high. And that goal is well aligned with the broader social goal of making people less lonely. Over time, it became apparent that this was not a great social fit.

Persons: I'm, Vivek Murthy, Robert Putnam's, Jeff Bezos, I've, Marc Andreessen, It's, haven't, Apple, Eventbrite, David Risher Organizations: Netflix, Apple, Amazon, Lyft Locations: —

Prosecutors are calling some FTX customers to testify that they were told their assets were safe, and to share how FTX's collapse affected them. "As the crypto market has recovered, many FTX customers are concluding that they can sell their claim, buy crypto again, and do much better than letting their claim depreciate," said Matthew Sedigh, CEO of Xclaim, a bankruptcy claims exchange. Some creditors Reuters interviewed declined to share evidence of their FTX claims because they contained personal information. 'A GREAT SUPPORT'Looking for answers, FTX creditors have created support groups. Xclaim lists over 2,000 FTX claims for sale, worth around $610 million at last November's crypto prices, Sedigh said.

Persons: Sam Bankman, Eduardo Munoz, Lee Rees, FTX, Rees, doesn't, Fried, scammers, Matthew Sedigh, John Ray, Kroll, ”, Maxime, Marc Antoine, Julliard, …, Sunil Kavuri, Kavuri, Sedigh, Luc Cohen, Michelle Price, Sharon Singleton Organizations: REUTERS, Alameda Research, Reuters, FTX, Thomson Locations: New York, U.S, London, FTX, Washington

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ Former Goldman banker Ng to be returned to Malaysia in 1MDB case
▼ + stars: | 2023-10-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Ex-Goldman Sachs banker Roger Ng and his lawyer Marc Agnifilo leave the federal court in New York, U.S., May 6, 2019. Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country. The case stemmed from about $6.5 billion in bonds that Goldman helped 1MDB sell in 2012 and 2013. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Ng had been arrested in Malaysia in November 2018, and agreed to be extradited to the United States.

Persons: Goldman Sachs, Roger Ng, Marc Agnifilo, Margo Brodie, Ng's, Ng, Brodie, Ng Chong Hwa, Goldman, 1MDB, Tim Leissner, Jho, Jonathan Stempel, Richard Chang 私 Organizations: REUTERS, Chief U.S, U.S . Marshals, U.S, Malaysian Locations: New York, U.S, Brooklyn, United States, Kuala Lumpur, Malaysian, Malaysia, 1MDB

☆ Our crisis of loneliness, the new bet investors are going after
▼ + stars: | 2023-10-04 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Not long after founding the startup, Gaon shared his vision with famed venture capitalist Marc Andreessen. It was notable to Gaon at the time that Andreessen — "one of those investors who's known for seeing where the market is going" — appeared to have pinpointed loneliness as its own market. That moved her parents, Cindy and Anne Jordan, who had sold their first healthtech company years before, to found the Arizona company Pyx Health. "The loneliness crisis is bigger, and more urgent, than anything I've worked on before," Nyborg wrote in a blog post. Inspired debuted a thesis in 2020 that identified loneliness as a key focus for the firm to invest in.

Persons: Benjamin Gaon, Boaz Gaon, Benny, Gaon, Marc Andreessen, Andreessen, Wisdo, —, Anne Wojcicki, Marius Nacht, Andreessen Horowitz, Vivek Murthy, Betsy Hoover, Bumble, Rylie Sarabia, Cindy, Anne Jordan, policyholders, Dawn Owens, it's, Owens, Julie Rice, Elizabeth Cutler, Rice, Peoplehood, Phil Levin, Levin, Culdesac, Renate Nyborg, I've, Nyborg, Hugo Amsellem, He's, Ava, Catalyst, Nate Tepper, Tepper, Adam Besvinick, Frances Haugen, Hoover, Alexa von Tobel, von Tobel, David Spinks Organizations: Pyx, Labs, verve, Investors, Pyx Health, TT Capital Partners, New, Khosla Ventures, Sequoia Capita, AI Fund, NEA, AIs, Looking Glass, Anonymous, Glass, Facebook, Bloomberg Locations: Arizona, Minneapolis, New York, Ava, France, Peoplehood, Hopscotch

☆ Donald Trump and Kim Kardashian weren't rich enough to make Forbes' list of the richest Americans
▼ + stars: | 2023-10-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

To make Forbes' 2023 list of the 400 richest Americans, you needed a net worth of $2.9 billion. Forbes' released its annual ranking of the 400 richest Americans on Tuesday, and Trump didn't make the cut. Kardashian, the wealthiest member of the Kardashian-Jenner family with a net worth of $1.7 billion, also didn't make the list. In business, Tim Cook and Sheryl Sandberg, each with an estimated net worth of $1.8 billion, both missed the cut. The top 20 richest Americans are richer than ever before, collectively worth $1.9 trillion, according to Forbes.

Persons: Forbes, didn't, Donald Trump, Oprah Winfrey, Evan Spiegel, —, Kim Kardashian, Tim Cook, Sheryl Sandberg, Trump, Kardashian, Jenner, Jay, LeBron James, Oprah didn't, Charles Munger, Ted Turner, Reid Hoffman, Marc Andreessen, Elon Musk Organizations: Service, Trump, Apple, Forbes, Berkshire Hathaway's, CNN Locations: New York

☆ Liverpool VAR: The ‘monumental error’ that put English soccer in crisis mode
▼ + stars: | 2023-10-03 | by ( Aimee Lewis | ) edition.cnn.com time to read: +13 min

Marc Atkins/Getty ImagesAt the heart of this is a failure in communication by match officials and a failure to put pragmatism before protocol. There is an acceptance that mistakes will happen, and there have been plenty already this season in the Premier League. The release of the audio of the conversations between the match officials would likely influence what Liverpool does next. In rugby union, fans can listen to discussions between match officials on crucial decisions, making the process clear and open for all. The immediate consequence has been that VAR officials England and Cook have not been selected to feature in this weekend’s Premier League games.

Persons: wasn’t, ”, Mohamed Salah’s, Luis Díaz, Salah, Darren England, Simon Hooper, Hooper, –, Dan Cook, PGMOL, Curtis Jones, Marc Atkins, VARs –, Jurgen Klopp, “, Alan Shearer, Visionhaus, Neil Atkinson, ’, CNN Sport’s Don Riddell, Klopp, Joel Matip, Justin Setterfield, Stephen Taylor Heath, they’ve, ” Taylor Heath, Taylor Heath, Henry Winter, Howard Webb, PGMOL’s, Díaz, Peter Cziborra, Webb, Cook Organizations: CNN, English Premier League, Liverpool, Tottenham, Premier League, Manchester, Spurs, England, Nottingham Forest, Brentford, Sunday, Fulham, Chelsea, Daily Telegraph, BBC, Anfield, JWM Solicitors, CNN Sport, “, Times, Major League Soccer, PA Media, Sky Sports, International Football Association Board Locations: Liverpool, Colombian, England

☆ I looked at the plans for the new city proposed by Silicon Valley elites. They're really terrible.
▼ + stars: | 2023-09-28 | by ( Adam Rogers | ) www.businessinsider.com time to read: +17 min

Right now, California Forever is just a website with some ideology and a handful of hopeful sketches with a faintly socialist-utopian flair. AdvertisementAdvertisementCities of the future of the pastThe California Forever art illustrations show at a place that'll look startlingly familiar. Point is, the garden city remains a dream honored more in the breach — in pitches like the one for California Forever. Just about 60 miles southeast of the California Forever site is a residential development called Mountain House. It's what plans like California Forever look like when brick starts getting laid.

Persons: Daniel Burnham, Burnham, Marc Andreessen, Chris Dixon, Michael Moritz, Laurene Powell Jobs, Collison, Flannery, Peter Thiel, Goldman, Jan Sramek, Sramek, Ebenezer Howard, Howard, What's, Foreverville, That's, it's, Banks, John Nash's London, what's, It's, Walt Disney, Gabriel Metcalf, BH Bronson Johnson, Dan Parolek, Adam Rogers Organizations: Travis Air Force Base, New York Times, Flannery Associates, Industry, Truman, California, Western Railway, California Forever, St, BH Locations: Chicago, California, Solano County, Sacramento, Solano, Silicon, Los Angeles, England, Japan, New York, Philadelphia, Seaside , Florida, Pontevedra, Spain, Paris, Tempe, doesn't, Foreverville, Pirates, Caribbean, Toronto, Culdesac

☆ The Silicon Valley investors who secretly bought up $800 million in Northern California real estate reveal unexpected plans for 'a city of yesterday'
▼ + stars: | 2023-09-26 | by ( Chris Kaye | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A mysterious company backed by Silicon Valley investors has been purchasing land near San Francisco. They're planning to build a retro city on the 52,000 acres of farmland they bought. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe Silicon Valley investors that got the government's attention by gobbling up $800 million worth of land outside San Francisco say the mystery city they plan on building is, well… kinda retro. Solano County Google Maps"The plans that people put forward will be very inspired by those great old American neighborhoods that someone who was born 100 years ago will recognize," Sramek told KQED.

Persons: —, we've, Jan Sramek, Sramek, Goldman Sachs, Marc Andreessen, Laurene Powell Jobs, Michael Moritz of, Reid Hoffman, Flannery, who've, Catherine Moy, Moy, Bill Gates, Elon Musk, Musk, Chap Ambrose, Ambrose, Azmi Haroun Organizations: Service, KQED, The New York Times, Michael Moritz of Sequoia Capital, Flannery Associates, Travis Air Force Base, Solano County Google, Boring Company, SpaceX, Washington Post Locations: Silicon, San Francisco, California, Solano County, Bay, Fairfield, Solano Silicon, Austin , Texas, Bastrop Country

☆ A private island near San Francisco with storied connections to Silicon Valley billionaires is on the market for $75 million
▼ + stars: | 2023-09-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Point Buckler Island in Solano County, California, last sold for $150,000 in 2011. The 50-acre private island was a kiteboarding hotspot frequented by tech giants. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisement"I've run out of money to fight and the island is worth a lot of money," he said. The shipping container clubhouse on Point Buckler Island Courtesy of John SweeneyThe island's ritzy history is part of the reason for its $75 million price tag, Sweeney explained.

Persons: It's, Larry Page, Sergey Brin, John Sweeney, Sweeney, Flannery, Marc Andreessen, Laurene Powell, John Sweeney Flannery, Solano Organizations: Service, SF, Flannery Associates, Laurene Powell Jobs, New York Times Locations: Buckler, Solano County , California, Wall, Silicon, San Francisco Bay, Point Buckler, San Francisco, Bay, Solano County, Suisun

☆ Billionaire investor Bill Ackman's answer to the RTO pushback is to let employees work from anywhere in July and August
▼ + stars: | 2023-09-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Ackman seems to have found a formula against the return-to-office pushback. His employees at Pershing Square can work from anywhere in July and August. Ackman said the arrangement has been working well for Pershing Square staff, who like the balance. While many companies are still trying to figure out the best work arrangements amid pushback against RTO orders, billionaire investor Bill Ackman appears to have found a solution he thinks is working. Pershing Square did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Bill Ackman, Ackman, that's, Ackman's, Elon Musk, Jamie Dimon, Marc Andreessen, Dimon, Musk Organizations: Pershing, Pershing Square, Service, Capital Management, New York, Forbes, SpaceX, JPMorgan, CNBC Locations: Wall, Silicon

☆ Alexia Putellas and Irene Paredes speak out on ‘systemic discrimination’ in Spanish soccer ahead of first match since Women’s World Cup win
▼ + stars: | 2023-09-22 | by ( Jacob Lev | ) edition.cnn.com time to read: +4 min

CNN —Ahead of the Spanish national soccer team’s first match since winning the Women’s World Cup last month and the fallout from ex-soccer boss Luis Rubiales’ unwanted kiss on La Roja player Jennifer Hermoso, star players Alexia Putellas and Irene Paredes spoke out on “systemic discrimination” within the country’s federation. Earlier this week, a dispute between the Spanish women’s soccer team and the Royal Spanish Football Federation (RFEF) appeared to have reached a breakthrough after the two parties, along with the government’s High Council of Sport (CSD), came to a series of agreements. Having previously refused to represent the national team, 21 of the 23 players selected in the squad for the upcoming matches agreed to play and traveled to Sweden. Paredes celebrates with her Women's World Cup winners' medal after Spain's victory against England. Rubiales himself testified on September 15 and, according to Spanish prosecutors, denied all charges.

Persons: Luis Rubiales, La, Jennifer Hermoso, Alexia Putellas, Irene Paredes, d’Or, Putellas, “, ”, Paredes, Marc Atkins, Jorge Vilda, Montse Tomé, Tomé, ” Tomé, hasn’t, ” RFEF, General Andreu Camps, Rubiales, Mapi León, Patricia Guijarro, Francisco de Jorge Organizations: CNN, Spanish, soccer team’s, Reuters, soccer, Royal Spanish Football Federation, government’s, of Sport, England, UEFA Women’s Nations League, RFEF, men’s, Spanish National Football Team, Barcelona Locations: Sweden, Barcelona, Spain, Gothenburg

☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
▼ + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.

Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's

☆ Voeller's Germany snap losing run with 2-1 win over France
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

DORTMUND, Germany, Sept 12 (Reuters) - Euro 2024 hosts Germany beat France 2-1 in their international friendly on Tuesday to snap a three-game losing streak and regain some confidence following a bad run which led to the sacking of coach Hansi Flick on Sunday. We should not read too much into this win but for us it was a small emotional release." "It is important for the players, the federation to play like that, especially in the first half it was a top performance," Voeller said. It just feels good especially after the recent defeats," added Voeller, a 1990 World Cup winner who coached Germany from 2000-2004. Reporting by Karolos Grohmann; Editing by Ken Ferris and Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Hansi Flick, Thomas Mueller, Leroy Sane, Rudi Voeller, Kylian Mbappe, Mueller, Rudi, Randal Kolo Muani, Marc Andre ter Stegen, Antoine Griezmann, Sane, Marcus Thuram, Voeller, Karolos Grohmann, Ken Ferris, Clare Fallon Organizations: France, Germany, Thomson Locations: DORTMUND, Germany, France, Japan

☆ Sam Altman thinks Silicon Valley has lost its culture of innovation
▼ + stars: | 2023-09-07 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI's Sam Altman thinks Silicon Valley no longer has an innovation culture. "Before OpenAI, what was the last really great scientific breakthrough that came out of a Silicon Valley company?" Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "There used to be great research that happened in companies in Silicon Valley, Xerox PARC being the obvious example. To this, Altman responded by saying Silicon Valley did have a product innovation culture, but he felt it missed the mark on groundbreaking research.

Persons: OpenAI's Sam Altman, Sam Altman, Altman, Nicolai Tangen, I'm, Marc Andreessen, Andreessen, Horowitz, Matt Miller, Altman's OpenAI, ChatGPT, OpenAI Organizations: Service, Xerox PARC, Norges Bank Investment, Sequoia Capital, Biosciences Locations: Wall, Silicon, Silicon Valley, China, California, OpenAI

☆ Elon Musk issued so many orders after taking over Twitter that staff made him sign some off in case he forgot, report says
▼ + stars: | 2023-09-07 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Elon Musk made so many requests at Twitter that staff asked him to sign some off, The Wall Street Journal reported. Employees feared Musk would forget all the orders he'd issued, per the Journal. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk also ended the platform's "blue tick" verification and replaced it with a subscription service called X Blue, formerly Twitter Blue . He reinstated Ye's account after the rapper contacted Musk personally, The Wall Street Journal reported .

Persons: Elon Musk, he'd, Musk, Linda Yaccarino, Joe Biden's, Marc Andreesen, Kanye West, Donald Trump Organizations: Twitter, Street Journal, Employees, Service, Super Bowl, Kanye Locations: Wall, Silicon

☆ Marc Andreessen pushes back on fears that AI will kill us all: 'That's not how it works'
▼ + stars: | 2023-09-07 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Marc Andreessen said on the podcast Huberman Lab that fears around AI are overblown. The billionaire venture capitalist said that AI won't "decide to kill us all" and replace jobs. The real concern, he said, is the possibility that AI may end up in the hands of malicious actors. "A lot of the science-fiction scenarios are just not real," Andreessen said on an episode of Huberman Lab, a podcast led by Andrew Huberman, a neuroscientist. "AI can be an incredibly powerful tool for solving problems, and we should embrace it as such," Andreessen wrote.

Persons: Marc Andreessen, Andreessen Horowitz, Andreessen, Andrew Huberman, Alexis Ohanian isn't, Elon, —, Sam Altman, Andreessen didn't, A16z Organizations: Service, OpenAI Locations: Wall, Silicon

"The United States is also working to ensure that the procedures governing the defendant's return to Malaysia will not unduly delay the service of his U.S. sentence," prosecutors said. Ng's lawyers agreed to the one-month delay, prosecutors said. The case stemmed from about $6.5 billion in bonds that Goldman helped 1MDB sell in 2012 and 2013. Agnifilo said at the hearing that Malaysia wanted Ng's cooperation with an ongoing 1MDB probe. Ng was arrested in Malaysia in Nov. 2018 and agreed to be extradited to the United States three months later.

Persons: Goldman Sachs, Margo Brodie, Roger Ng's, Marc Agnifilo, Goldman, 1MDB, Ng, Brodie, Drew Rolle, Agnifilo, Malaysia's, Tim Leissner, Jho, Luc Cohen, Bill Berkrot Organizations: U.S, Malaysia, United, Thomson Locations: Malaysia, New York, Brooklyn, Kuala Lumpur, United States, U.S

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

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