Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "sergey"


25 mentions found


Brin, 50, spoke to entrepreneurs on Saturday at the "AGI House" in Hillsborough, California, just south of San Francisco, where developers and founders were testing Google's Gemini model. He also commented on the flawed launch last month of Google's image generator, which the company pulled after users discovered historical inaccuracies and questionable responses. Brin was also asked how online advertising will be disrupted considering ad revenue is core to Google's business. Bloomberg | Bloomberg | Getty Images“I of all people am not too terribly concerned about business model shifts,” Brin said. Beyond AI, Brin was asked about Google's difficulties in hardware given recent advancements in virtual reality.
Persons: Sergey Brin, Google David Paul Morris, Brin, ” Brin, , Larry Page, He's, , Gemini, “ that’s, Prabhakar Raghavan, Google's, Sundar Pichai, Raghavan, Brin didn't, OpenAI's ChatGPT, Elon Musk's, Eric Schmidt, that’s, I'm Organizations: Google, Bloomberg, Getty, CNBC, Gemini, Google Inc, Allen & Co . Media, Technology Conference, Apple Vision Locations: Hillsborough , California, San Francisco, Sun Valley , Idaho, U.S
Sergey Brin says Google "definitely messed up" with Gemini's image generation. The Google cofounder says he came out of retirement because of AI's "exciting" trajectory. AdvertisementGoogle cofounder Sergey Brin has weighed in on the company's Gemini drama. Speaking at San Francisco's AGI House, Brin said the company had "definitely messed up on the image generation." Since then, Brin has been spotted at Google's Silicon Valley headquarters and has been directly involved with developing the company's AI strategy.
Persons: Sergey Brin, , Brin, Larry Page, Elon Musk, Adolf Hitler, Gemini, Hitler Organizations: Service, Gemini, Google, The New York Times, Big Tech, BI, Business Locations: Francisco's
Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.
Persons: Mark Zuckerberg, Bill Gates, Mukesh, , Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi
How Google lost its way
  + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com   time to read: +17 min
Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.
Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, , Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin ETF 'kicking open an entirely new door' for global financial system: Chainlink co-founderSergey Nazarov, co-founder of the Web3 services platform, says bitcoin and cryptocurrency have "reached a certain state of being an inevitable asset class."
Persons: Sergey Nazarov
The Google Gemini conspiracy theory
  + stars: | 2024-02-28 | by ( Alistair Barr | ) www.businessinsider.com   time to read: +4 min
Google had to pull parts of its fancy Gemini AI model after it spat out inaccurate images and text. To catch you up: Google had to pull part of its fancy new Gemini AI model after it spat out inaccurate pictures, including depicting Google cofounders Larry Page and Sergey Brin as Asian. One theory is that Googlers are too woke and their biases have infected what could be a powerful and useful AI model. AdvertisementIs this Google future? Probably not as profitable revenue as Google Search, but that's still a lot.
Persons: , there's, Larry Page, Sergey Brin, it's, Mark Shmulik, Bernstein, Sundar Pichai, Pichai, that's Organizations: Google, Service
Paris CNN —French President Emmanuel Macron openly discussed the possibility of sending European troops to Ukraine to help Kyiv win the war against Russia, a potential major escalation to the largest ground war Europe has seen since World War II. Macron did, however, announce that a new coalition would be created to supply Ukraine with medium-range and long-range missiles. Macron pointed out that Western democracies have gradually increased their support to levels unthinkable when the war began. Macron warned at the start of the summit that Russia would likely attack beyond Ukraine in the coming years, threatening Europe’s collective security. “This is a European war,” Macron said.
Persons: Emmanuel Macron, Macron, , , Olaf Scholz, ” Scholz, ” Macron, Volodymyr Zelensky, Vladimir Putin, , Dmitry Peskov, ” Peskov, Sergey Lavrov, Donald Trump, It’s, Anna Chernova, Vasco Cotovio Organizations: Paris CNN —, Kyiv, Ukraine, Russia, Republicans, CNN, European Union, Kremlin, EU Locations: Ukraine, Russia, Europe, Hungary, Slovakia, Russian, Ukrainian, Washington, Germany, Kyiv, , Moscow, , United Kingdom, EU
Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."
Persons: , Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP
For an Israeli settlement that has become such a resounding symbol of religious and right-wing politics in the West Bank, Homesh is not much to look at. They live part time here amid the ruins and rubbish of a hilltop settlement ripped down in 2005 by the Israeli army and police. It is one of four West Bank settlements dismantled when Israel pulled all of its troops and settlements out of Gaza. The decision to dismantle them is now being challenged by the more religious and right-wing ministers in the government of Benjamin Netanyahu. They are agitating to settle more land in the Israeli-occupied West Bank and even remove Palestinians from Gaza to resettle there.
Persons: Homesh, Benjamin Netanyahu Organizations: West Bank Locations: Bank, Israel, Gaza, Washington
Google cofounder Sergey Brin is facing a wrongful-death lawsuit stemming from a plane crash last year that killed two crew members en route to a private island in the South Pacific. The lawsuit also alleges that Brin intentionally delayed the recovery process. The suit identifies Brin, Google, and Bayshore Global Management — Brin's family office — as the "owner/operators" of the aircraft. While the lawsuit does mention various recovery efforts conducted by Brin's team, it alleges frequent and drawn-out delays. Olarte Maclean alleges that Brin's representatives cited weather conditions at the crash site and their interactions with the USCG as excuses.
Persons: Sergey Brin, Brin, Lance Maclean, Dean Rushfeldt, Olarte Maclean, Steven C, Marks, Larry Page Organizations: South Pacific, Business, Coast Guard, Los Angeles Times, Google, Bayshore Global Management, Bayshore, LA Times, Oceanic, Atmospheric Administration, NOAA, Brin's, Seafly LLC, Southern Cross Aviation, BI Locations: South, California, Hawaii, Santa Rosa , California, Fiji, Honolulu, Fiji's Mamanuca
CNN —The mother of Russian opposition politician Alexey Navalny, who died in an Arctic penal colony last week, said Thursday she had seen her son’s body and was being pressured to hold a secret funeral. Looking into my eyes they say that if I don’t agree to a secret funeral they will do something with my son’s body,” she said. Kremlin spokesperson Dmitry Peskov told CNN’s Matthew Chance that he had not seen the comments from Navalny’s mother regarding her son’s body and the issues she claims she is experiencing with investigators. The Russian prison service said Navalny “felt unwell after a walk” in his Siberian penal colony and “almost immediately” lost consciousness. He was initially imprisoned in a penal colony about 150 miles east of Moscow, but his lawyers in December said they had lost contact with him for nearly three weeks.
Persons: Alexey Navalny, Lyudmila Navalnaya, Navalny, Kira Yarmysh, Yulia Navalnaya, Vladimir Putin, Alexey, , Navalnaya, Voropayev, , Dmitry Peskov, CNN’s Matthew Chance, ” Peskov, ” Navalny’s, Joe Biden, Sergey Lavrov, ” Lavrov, Navalny’s, ” Navalny, Putin, Kirill Kudryavtsev, , Navalny “ Organizations: CNN, YouTube, Russian Investigative, Getty, IK Locations: Salekhard, Kremlin, ” Russia, Russian, Rio de Janeiro, Brazil, California, Russia, Germany, AFP, Soviet, Moscow, Kharp
On the ground in Moscow, Apple products including MacBooks, iPhones and iPads are available in stores, although prices may be higher than they were pre-invasion. Asked about Vision Pro sales in Russia, an Apple spokesperson told CNBC: "As you are aware, Apple Vision Pro is only available at Apple Retail stores in the US." Still, at a retail outlet "re:Store," (pronounced Ree-store) a former official Apple reseller offers Apple products for sale at shops in Moscow. The chain's website features a large photo of a user strapped into an Apple Vision Pro, and the iconic bitten Apple logo with text reading, "Vision Pro: The era of spatial computers has come. Apple Vision Pro is already on sale."
Persons: Kremlin . WASHINGTON —, Tim Cook, Romance768, Sergey Romantsev, Romantsev, Alexei Navalny, We're, CNBC's Steve Kovach Organizations: Apple, CNBC, Vision Pro, Apple Vision, Apple Retail, Vision, Kremlin, Russia, Pro, Meta, Russian Ministry of Industry, Trade, Sputnik, White Locations: Los Angeles , California, U.S, Moscow, London, Ukraine, Russia, United States, Kremlin . WASHINGTON, St . Petersburg, New York, Russian, Patriarshiye, York, Istanbul, American, Washington
Maxym Marusenko/NurPhoto/Getty ImagesA Russian helicopter pilot Maxim Kuzminov who defected to Ukraine in a dramatic operation is dead, Ukraine’s Defense Intelligence Directorate (GUR) tells CNN. A source at Ukraine’s GUR confirmed to CNN the body was that of Kuzminov, but would not comment on how he had died. Spanish Civil Guard officers investigate the garage where the body of Russian pilot Maxim Kuzminov was found in Villajoyosa, Spain, on February 13. Some context: Last September, CNN reported on how the Russian pilot flew his Mi8 combat helicopter across the border – in an operation directed by Ukraine’s GUR. In an interview, carried out under the auspices of the GUR, Kuzminov explained how he planned his defection and why he did it, telling reporters he was opposed to the war.
Persons: Butenko, Andrew Carey, Al Goodman, Maxim Kuzminov, Maxym, Ukraine’s GUR, Rafa Arjones, Dmitry Peskov, Sergey Naryshkin, Kuzminov Organizations: Ukraine’s Defense Intelligence, CNN, Spanish Civil Guard, Ukraine’s, Civil Guard, Reuters, Foreign, RIA Novosti, Mi8 Locations: CNN’s, Kyiv, Madrid, Russian, Ukraine, Spain, Villajoyosa, Informacion, Russia, Moscow
CNN —Maxim Kuzminov, a Russian pilot who dramatically defected to Ukraine by flying his helicopter across the border, is dead, according to Ukraine’s Defense Intelligence Directorate (GUR). A source at Ukraine’s GUR confirmed to CNN the body of the man found in Spain was that of Kuzminov, but would not comment on how he had died. The shooting took place in a neighborhood where some Russian and Ukrainian expatriates have settled since the war began, according to the Villajoyosa city hall press office. When Kuzminov flew into Ukraine, the two other Russian service members on board the Mi-8 helicopter with him did not know what was happening. “I contacted representatives of Ukrainian intelligence, explained my situation, to which they offered this option: ‘Come on, we guarantee your safety, guarantee new documents, guarantee monetary compensation, a reward,’” the pilot said.
Persons: CNN — Maxim Kuzminov, Ukraine’s GUR, Dmitry Peskov, Sergey Naryshkin, Russia Legion –, Kuzminov, ” “, Maxim, , ’ Kuzminov, Kyrolo Budanov, Budanov, , ” Budanov, GUR, , I’m, , ” Kuzminov, Victoria Butenko, Andrew Carey, Al Goodman, Madrid Organizations: CNN, Ukraine’s Defense Intelligence, Spanish Civil Guard, Civil Guard, Ukraine’s, Russian Foreign Intelligence, RIA Novosti, Russian TV, Russia Legion, Armed Forces of, EU, Legion, Kyiv, Radio Liberty Locations: Russian, Ukraine, Alicante, Villajoyosa, Spain, Alicante province, Russia, Moscow, ” “ Ukraine, Armed Forces of Ukraine, Kyiv
The GOP has been softening its stance on Russia ever since Trump won the 2016 election following Russian hacking of his Democratic opponents. Now the GOP's ambivalence on Russia has stalled additional aid to Ukraine at a pivotal time in the war. Things are changing just not fast enough.”Those who oppose additional Ukraine aid bristle at charges that they are doing Putin's handiwork. Even before Trump, Republican voters were signaling discontent with overseas conflicts, said Douglas Kriner, a political scientist at Cornell University. Skeptics of Ukraine aid argue the war has already decimated the Russian military and that Putin won't be able to target other European countries.
Persons: Republican Sen, Ron Johnson of, Vladimir Putin, , Johnson, “ Vladimir Putin, Donald Trump, Putin, Mike Johnson, , “ Putin, ” Republican Sen, Thom Tillis, Mitch McConnell of, Alexei Navalny, Joe Biden, Tillis, ” Johnson, Missouri Sen, Eric Schmitt, ” Alabama Sen, Tommy Tuberville, Tucker Carlson’s, Matt Gaetz, Trump, Douglas Kriner, ” Kriner, ” Trump, didn’t, Olga Kamenchuk, ” Kamenchuk, That’s, “ He's, he's, ” Henry Hale, Russell Vought, Sergey Radchenko, Joey Cappelletti, Mary Clare Jalonick, Lisa Mascaro Organizations: Republican, GOP, Trump, Democratic, Republicans, NATO, ” Republican, Republican Party, , Cornell University, Northwestern University, Ukraine, Pew Research, George Washington University, Management, Center, Johns Hopkins ’ School, International Studies, Associated Press Locations: Ron Johnson of Wisconsin, Ukraine, Russian, Russia, Europe, U.S, North Carolina, Mitch McConnell of Kentucky, America, Missouri, ” Alabama, Waterford Township , Michigan, ” Russia, , Moscow, Soviet Union, Putin's U.S, Israel, Taiwan, Western Europe, Soviet, Lithuania, Estonia, Washington
The Kremlin may've fired the commander of it's Black Sea fleet. The Kremlin has fired the commander of its Black Sea Fleet as punishment for a series of humiliating losses to Ukraine, according to Russian war bloggers. It was the latest in a series of victories for Ukraine, which has a tiny navy, against Russia's much bigger Black Sea fleet. Ukraine's attacks have included strikes on Sevastopol, the base of Russia's Black Sea fleet. Sokolov had taken over as commander of the fleet in September 2022, replacing Admiral Igor Osipov, only months after Ukraine sank Russia's Black Sea flagship, "The Moskva."
Persons: Viktor Sokolov, Sergey Pinchuk, Caesar Kunikov, Nicholas Johnson, Sokolov, Sergei Markov, Igor Osipov Organizations: Ukraine, Analysts, RAND Corporation, Moscow Times, Kremlin, Business Locations: Ukraine, Russian, Russia, Sevastopol, Russia's
After the Hamas invasion on Oct. 7, Doron Shabty and his wife and their two small children hid in Sderot, near the border with Gaza, and survived. A reservist in the infantry, he went into the army the next day. Mr. Shabty, 31, who sees himself on the political left, said he felt no sense of revenge, even if other soldiers did. But he said he felt certain that to restore Israelis’ faith in their country’s ability to protect them, there cannot be a return to the situation of Oct. 6. “We can’t live with an armed Gaza — we just can’t do that,” he said.
Persons: Doron Shabty, Shabty, Gazans, Locations: Sderot, Gaza
AdvertisementThe military formation has been actively recruiting former Wagner Group mercenaries and soldiers who fought in Ukraine for combat operations in Africa. The Kremlin is likely using the Africa Corps to take over many of the functions of the Wagner Group, Parens added. Last week, in a video obtained by the Kyiv Post, Ukrainian special forces were shown interrogating captured Wagner mercenaries in Sudan. "Ukrainian special services have acquired considerable experience of waging non-linear warfare against the Russian side and especially against the Wagner Group," he said. The fate of the Wagner Group, it seems, still hangs in the balance.
Persons: Vladimir Putin, Yevgeny Prigozhin's, he's, Wagner, Prigozhin, Sergey Sukhankin, Raphael Parens, Parens, Sukhankin, Russia Alessandro Arduino Organizations: Kremlin, Jamestown Foundation, Wagner, Volunteer Corps, Africa Corps, Wagner Group, Fighters, Foreign, Research, Eurasia Program, Military Companies, Africa, Kyiv Post, Russia, Ukraine Locations: Russia, Africa, Ukraine, Western, Ukrainian, Sudan, Russian
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. How Russia Depicts Wounded Soldiers: As Heroes, or Not at AllTroops with amputated limbs or serious injuries return home to find a patchwork system of treatment and, often, efforts to keep them out of the public eye. Share full articleA concert for wounded soldiers at a military hospital in Rostov-on-Don, southwestern Russia, in March 2022. Credit... Sergey Pivovarov/ReutersNeil MacFarquhar and
Persons: Sergey Pivovarov, Neil MacFarquhar Organizations: All Troops Locations: Russia, Rostov
Read previewThe Robert F. Kennedy Jr. -supporting Super Bowl ad that shook up the Kennedy family was backed by a tech-connected figure. This story is available exclusively to Business Insider subscribers. Advertisement"She's a very strong supporter of Robert F. Kennedy Jr.," Tony Lyons, a co-chairman of American Values 2024, told Business Insider on Tuesday. Kennedy, as Business Insider has previously reported, has made numerous false claims about vaccines and vaccine safety. Shanahan played a part in putting together the archival footage for the Kennedy ad.
Persons: , Robert F, Kennedy Jr, Kennedy, Nicole Shanahan, Sergey Brin, ” Shanahan, John F, Tony Lyons, Bobby Kennedy, Shanahan, Bobby Shriver, Kennedy’s, Lyons, husband Brin, Elon Musk, Brin, Musk, Neuralink Organizations: Service, The New York Times, Times, Business, RFK, PAC, People Magazine
But lovers may experience sticker shock this year due to higher cocoa and sugar prices. "Chocolate prices are the highest we've seen in years," said a representative of NielsenIQ. He noted that in spite of higher prices, the chocolate market is robust in mature markets like Europe and North America. Now, chocolate and Valentine's Day are synonymous, even if critics say the affiliation is perpetuated by marketing gimmicks. That being said, chocolates are not the only Valentines' Day treats that will dent the wallet this year.
Persons: Scott Olson, Sergey Chetvertakov, David Branch, there's, Kim, Mintec, It's, Andrew Francis Wallace Organizations: Valentine's, Getty, P, El Nino, Food Institute, Branch, CNBC, Bloomberg, National Confectioners Association, Toronto Star Locations: Chicago , Illinois, Ghana, Ivory Coast, Wells, Asia, India, Africa, Azaguie, Europe, North America, Western Europe, Singapore, Toronto
“It seems like a great opportunity to highlight that he’s running for president,” Ms. Shanahan said. “I do think we have an environmental health crisis in this country,” Ms. Shanahan said. Stefanie Spear, the press secretary for the Kennedy campaign, did not respond to a request for comment on Monday. Mr. Mellon’s role has raised eyebrows among some Democrats, with fears widespread in the party that Mr. Kennedy could siphon votes away from Mr. Biden. “Neither of us were willing to give up on the idea of the Super Bowl ad,” Mr. Lyons said.
Persons: Robert F, Kennedy Jr, John F, Kennedy, Nicole Shanahan, Sergey Brin, Ms, Shanahan, ” Ms, , ” Mr, , ” Tony Lyons, Shanahan’s, Stefanie Spear, Brin, Biden’s, , Biden, Emily Elconin, Lyons, Gavin de Becker, de Becker, Kennedy’s, Timothy Mellon, Donald J, Trump, Mr, he’s, Jim Rutenberg Organizations: Sunday, Google, CBS Sports, Paramount, Paramount Global, PAC, Bay Area, Democratic, Democratic National, Trump, Federal Locations: Bay, United States, New York
Super Bowl ads cost a fortune. So when a group backing the presidential bid of Robert F. Kennedy Jr. ran a 30-second ad for him during Sunday night’s game, the political world took notice. How had the super PAC of a long-shot independent candidate paid for such a costly spot, and whose idea was it to adapt a vintage John F. Kennedy ad for his nephew’s campaign? In an interview on Monday, Ms. Shanahan said she had given $4 million to the super PAC, American Values 2024, about a week before the game, for the express purpose of helping pay for a Super Bowl ad. She also helped coordinate the ad’s production, she said, including navigating concerns from CBS Sports and Paramount, which broadcast the Super Bowl.
Persons: Robert F, Kennedy Jr, John F, Kennedy, Nicole Shanahan, Sergey Brin, Ms, Shanahan Organizations: Sunday, Google, CBS Sports, Paramount
Many worry that a second term for Trump would be an earthquake, but tremors already abound — and concerns are rising that the U.S. could grow less dependable regardless of who wins. Photos You Should See View All 21 ImagesBiden, in contrast, has made support for Ukraine a key priority and moral imperative. But many of America's European NATO allies are worried that with or without Trump, the U.S. is becoming less reliable. German Chancellor Olaf Scholz said he was “currently on the phone a lot with my colleagues and asking them to do more” to support Ukraine. Dalton, a former U.K. ambassador to Iran, said prospects for the Middle East would be “slightly worse” under Trump than Biden.
Persons: Joe Biden, Donald Trump, Emmanuel Macron’s, Trump, Germany’s Angela Merkel, Britain’s Theresa May, Recep Tayyip Erdogan, Vladimir Putin, Viktor Orbán “, , Biden, Richard Dalton, Olaf Scholz, , Scholz, Macron, ” Macron, Boris Johnson, ” Johnson, Putin, Johnson, ” Bronwen Maddox, ” Trump, hasn't, , Dalton, implore Biden, Itamar Ben, Israel, Turkey’s Erdogan, Sergey Lavrov, George W, Zhao Minghao, ” “, Jiwon, Kirsten Grieshaber, Dasha, Suzan Fraser, Nomaan Merchant Organizations: U.S, Trump, NATO, Congressional Republicans, Centre, Politics, University College London, Mail, Associated Press, Hamas, White, Russian, CBS, Biden, Fudan University Locations: U.S, gridlock, Congress, Ukraine, Europe, United States, British, German, Germany, ” Russia, China, Iran, North Korea, Russia, Tehran, Dalton, Israel, Gaza, Turkey, Shanghai, Seoul, South Korea, Berlin, Dasha Litvinova, Tallinn, Estonia, Ankara, Washington
23andMe considers splitting up company to revive stock price
  + stars: | 2024-02-08 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +3 min
Shares of 23andMe sank 21% on Thursday, a day after the genetic testing company reported dismal fiscal third-quarter results and discussed splitting itself in two to help juice its stock price. 23andMe reported revenue of $45 million for the quarter, down from the $67 million it reported in the same period last year. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company, a deal that valued the company at around $3.5 billion. The company has launched additional therapeutics and research businesses, but its share price has tumbled more than 95% from its peak. They lowered their target price for the stock to 85 cents from 90 cents.
Persons: 23andMe, Anne Wojcicki, Sergey Brin, Forbes, Joe Selsavage, Selsavage Organizations: TechCrunch, 23andMe, Nasdaq, U.S . Securities, Exchange Commission, CNBC Disruptor, Citi, CNBC PRO Locations: San Francisco , California, 23andMe
Total: 25