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Marc Benioff praised Elon Musk, hailed AI's potential, and warned of an impending US recession. The Salesforce CEO said he regretted not buying Twitter years ago, and has always loved the company. Benioff hinted Bob Iger and Howard Schultz felt obligated to return as CEOs of Disney and Starbucks. Benioff spoke during the Upfront Summit this month, in an interview aired during a recent episode of the "On With Kara Swisher" podcast. (Benioff was discussing the recent return of Bob Iger and Howard Schultz as CEOs of Disney and Starbucks respectively.)
Marc Benioff was blindsided by the sudden shift in markets and the economy last year, he said. The Salesforce CEO was surprised by inflation, flagging demand, and swings in stocks and currencies. Benioff is bracing for another recession after weathering the dot-com crash and financial crisis. Now, he's bracing for a recession that could rival the dot-com crash and the financial crisis. Benioff emphasized that he steered the customer-relationship management (CRM) specialist through both the dot-com crash and the Great Recession.
Within hours of Friday's announcement, over 5,000 Amazon employees joined the new Slack channel, called "Remote Advocacy," according to screenshots seen by Insider. The channel was created "to advocate for remote work at Amazon" and seeks "data, anecdotes, articles about the benefits of remote work," it said. 'Absolute chaos'Several Amazon employees in the Slack channel expressed frustration, confusion, and anger. An impromptu survey within the Slack channel showed almost 80% of respondents saying they'll look for another job because of this change. In the Slack channel, employees are putting together a petition to push back against the return-to-office mandate.
Private equity giant CVC Capital is discussing a $200 million investment into Vox Media. Vox Media, which owns New York magazine, Recode, The Verge and more, recently laid off more than 100 staffers. Both CVC Capital and Group Black had talks aimed at acquiring the digital media company, according to reports. Vox Media, the digital media venture that houses assets including New York magazine, The Verge, Eater, and SB Nation, is looking to raise around $200 million, according to two people familiar with talks. The sources said they believe Vox Media CEO Jim Bankoff wants to use the money to acquire new assets while also potentially putting some Vox Media properties on the block.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKara Swisher on Tesla CEO Musk: Feisty is different than being a jerkKara Swisher, New York magazine editor, and Pivot podcaster Kara Swisher joins TechCheck to discuss Elon Musk's latest legal issues and what he needs to do to reverse Tesla's sales slide.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBringing an activist like Peltz on the board can be good, says Kara SwisherKara Swisher, New York magazine editor, joins 'TechCheck' to break down her thoughts on why she believes Nelson Peltz should be on the Disney board.
In October 2020, Twitter initially blocked users from sharing a New York Post story about Hunter Biden's laptop. Rep. Ro Khanna sent Twitter concerns about the decision, according to materials published Friday. Less than a month before the 2020 election, the Post published a story that claimed to contain emails retrieved from a laptop that belonged to President Joe Biden's son Hunter. Giving an example, Khanna said if materials uncovering a war crime were hacked and obtained by The New York Times, the Times should be able to publish them. New York Times Co. v. Sullivan established that public figures suing for defamation must establish "actual malice."
Tech CEOs are turning up the heat, even if it's not as blatantly "hardcore" as Elon Musk's verbiage. Major tech CEOs have been asking employees to step up throughout this year's stingier economy. Employees at Google, Amazon and others have all been asked to work harder or risk their jobs. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. In October, Meta told managers to mark 15% of its employees as "needs support" in what workers dubbed "quiet layoffs," Insider previously reported.
A “general amnesty” has restored hundreds of accounts of right-wing activists and QAnon adherents, according to data reviewed by NBC News. The reinstatement of far-right accounts has coincided with a series of bans of left-wing accounts, leaving users unsure of how the company is now applying its rules. It’s a dangerous combination.”The reinstatements and bans come as researchers continue to monitor an uptick in hate speech, and high-profile users leave the platform. Among the spammers, copyright rule-breakers, adult-content creators and high-profile accounts, Twitter has reopened the door to a growing and emboldened community of trolls, white nationalists, conspiracy theorists and extreme right-wing activists. Those reinstatements also come after Twitter dramatically reduced its staff, including those dedicated to dealing with abuse and hate speech.
It showed employees on Twitter’s legal, policy and communications teams debating – and at times disagreeing – over whether to restrict the article under the company’s hacked materials policy, weeks before the 2020 election, where Joe Biden, Hunter Biden’s father, ran against then-President Donald Trump. The Taibbi posts undercut a top claim by Musk and Republicans, who have accused the FBI of leaning on social media companies to suppress the Hunter Biden laptop stories. The tweet thread also highlighted how officials from both political parties routinely wrote to Twitter asking for specific tweets to be removed. A CNN review of those tweets on an archive site showed some purported photos of Hunter Biden, including nudity, that may have violated Twitter policy. He also did not say that Democrats requested that Twitter suppress the Post story, and his account did not suggest that the US government had ever pressured Twitter to suppress the story.
The former head of trust and safety at Twitter said Twitter mishandled the Hunter Biden laptop story. Some came to blame Roth specifically for censoring the story, a charge he denied in the interview with Swisher. "Ultimately for me, it didn't reach a place where I was comfortable removing this content from Twitter." Musk, who took ownership of Twitter in a $44-billion deal last month, has suggested he will release details about Twitter's decision-making regarding the laptop. In response to a tweet requesting Musk "make public all internal decisions" about censoring the laptop story, Musk replied on November 23: "This is necessary to restore public trust."
New York CNN Business —Twitter said it will no longer enforce its longstanding Covid misinformation policy, yet another sign of how Elon Musk plans to transform the social media company he bought a month ago. In 2020, Twitter developed an extensive set of rules that sought to prohibit “harmful misinformation” about the virus and its vaccines. Between January 2020 and September 2022, Twitter suspended more than 11,000 accounts for breaking Covid misinformation rules and removed almost 100,000 pieces of content that violated those rules, according to statistics published by Twitter. Instead, some Twitter users Monday night spotted a note added to the page on Twitter’s website that outlines its Covid policy. It is possible that among the restored accounts will be some of the 11,000 banned under Twitter’s former Covid misinformation rules.
CNN Business —Twitter owner Elon Musk’s dictatorial management style risks driving the company headlong into unforced business blunders, content moderation disasters and the degradation of core platform features that help keep vulnerable users safe, according to a former top Twitter official who led the company’s content moderation before abruptly resigning this month. For two weeks after Musk closed his purchase of Twitter, Roth presented himself as a voice of stability and calm at the center of a company undergoing dramatic change. Roth knew that by remaining at the company, Musk was using him to help keep advertisers from abandoning the platform. In a subsequent New York Times op-ed, Roth said his reason for leaving came down to Musk’s highly personal and improvisational approach to content moderation. Before Musk took over Twitter, Roth wrote down several commitments to himself that would trigger the decision to quit.
Investors are calmed by Iger's Disney return, says Kara Swisher
  + stars: | 2022-11-21 | 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 EmailInvestors are calmed by Iger's Disney return, says Kara SwisherKara Swisher, New York Magazine editor-at-large and host of the podcasts "Pivot" and "On with Kara Swisher," joins 'TechCheck' to discuss what comes next for Disney, the motivations behind Iger's return as CEO and the critical importance of streaming.
Some Disney staffers thought the press release about Bob Iger's return was a scam, Variety reported. Iger, who led Disney from 2005 to 2020, was asked to come back to replace current CEO Bob Chapek. Disney stock is down nearly 40% so far this year, though it got a boost on news of Iger's return. The news of Iger's replacement of current Disney CEO Bob Chapek came around 6:45 p.m. Pacific Time, while some top Disney leaders were at a pre-show reception at Los Angeles's Dodger Stadium for Elton John's farewell show, according to Variety. Arnold added that Iger is "greatly admired by Disney employees worldwide."
Binance backs out of FTX.com acquisition
  + stars: | 2022-11-09 | 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 EmailBinance backs out of FTX.com acquisition'Pivot' podcaster Kara Swisher joins Eamon Javers and the 'CNBC Special: Taking stock' to discuss why Binance's proposed acquisition of rival FTX.com broke down and what happens to FTX from here.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney had to get into streaming, but Meta just did too much hiring‘Pivot’ podcaster Kara Swisher joins Eamon Javers and the ‘CNBC Special: Taking stock’ to talk about Disney and Meta, and how to look at their bets on the future — Disney on streaming and Meta on the metaverse.
On the agenda today:But first: This week, Insider launched its inaugural Climate Action 30, a prestigious list of leaders working toward climate solutions. Lily Katzman, an associate editor on our Special Projects team, gives us a behind-the-scenes look at the project. InsiderWhen we say climate heroes, the usual suspects — think Greta Thunberg and Al Gore — come to mind. That's where Insider's Climate Action 30 comes into play. ReutersDavid Solomon, Goldman Sachs' CEO, moonlights as an electronic-music DJ, playing high-profile gigs like the Lollapalooza music festival and Tomorrowland, a Belgian music festival.
Today, we're kicking things off with my colleague Eugene Kim's look at a (secret) new team at Amazon. Amazon CEO Andy Jassy is trying to fix the company's crumbling engineering culture. According to leaked documents, Amazon formed the "Amazon Software Builder Experience" group to "focus on improving the experience of software builders across Amazon." Some Amazon engineers have expressed that they're "overwhelmed" by mundane software upgrade work, manual testing and deployment, and hard-to-use developer tools. The Meta CEO announced on Instagram: "Happy to share that Max and August are getting a new baby sister next year!"
Apple CEO Tim Cook said Wednesday that his biggest debate with Steve Jobs was over iPhone sales. The two discussed for years how to sell it: via a subsidy model or a revenue-share strategy, which Jobs wanted. Apple went Jobs' route before switching to Cook's idea, which helped catapult the iPhone to success. Cook appeared at the annual Code conference Wednesday alongside design legend Jony Ive, Jobs' widow Laurene Powell Jobs, and journalist Kara Swisher to discuss the late Apple visionary. Swisher asked Cook what his biggest debate was with Jobs, and Cook said it was the company's iPhone sales strategy ahead of its 2007 debut.
Laurene Powell Jobs said her late husband would be "disappointed" with today's political climate. She said Steve Jobs would be speaking out often against the polarization we're seeing today. Powell Jobs said Steve Jobs would be speaking out often if he was witnessing the political atmosphere today. Ive similarly said Jobs would be "mad" and "furious" at the current political state, but that he would also still maintain his compassion and love for the ideals that Powell Jobs described. Jobs was largely apolitical in his life, although he did champion liberal causes such as environmentalism alongside his wife.
Hollywood agency UTA bought media consultancy MediaLink for $125 million in DecemberThe companies' presence at Cannes Lions signaled how entertainment's ties to brand marketing are deepening. Six months after UTA's $125 million acquisition of MediaLink, the combined company had a debut moment of sorts at the Cannes Lions marketing festival this week. At a large beachside cabana space along the Croisette, signs for "MediaLink, a UTA company" were hard to miss. Inside, reps for both businesses held meetings with a bevy of entertainment, media, technology, and consumer goods brands. Erica Berenstein for InsiderSince joining UTA, MediaLink has absorbed the talent agency's marketing team, and they're finding other synergies.
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