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☆ Elon Musk's Twitter races to build a live video service as it woos right-wing media personalities
▼ + stars: | 2023-06-05 | by ( Kali Hays | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Elon Musk is zeroing in on building live video on Twitter, sources told Insider. Twitter is working on a series of video products and services, including a new live video offering, according to people familiar with the matter and advertising industry sources. The goal is to have reliable, high resolution live video capabilities on Twitter, similar to what is offered on YouTube Live and Instagram Live, the people familiar said. He "went live" on Twitter in early May through a low-quality live video stream while testing Periscope — "an accident," one of the people familiar said. Other Twitter video initiativesPeriscope is not Musk's only attempt to revive Twitter's video capabilities.

Persons: Elon Musk, Tucker Carlson's, Elon Musk's, Linda Yaccarino, Yaccarino, Musk, Let's, deb, witt, ould, revie, ater, Diva,, ann, l. "If Organizations: Engineers, Twitter, YouTube, itt Locations: usk

☆ MLB roundup: White Sox sink Tigers on walk-off grand slam
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +12 min

White Sox starter Michael Kopech gave up two runs and three hits in seven innings while recording nine strikeouts. Clay Holmes (4-2) pitched a scoreless inning, while Wandy Peralta recorded the final four outs for his fourth save. Freeland (4-7) allowed two runs on four hits with no walks and one strikeout in seven innings. Rangers 12, Mariners 3A heavy offensive output combined with six scoreless innings from Nathan Eovaldi earned Texas a lopsided win over Seattle in Arlington, Texas. San Diego's Ryan Weathers (1-4) lasted just 1 2/3 innings, allowing seven hits and Chicago's first five runs.

Persons: Jake Burger, Kamil Krzaczynski, Luis Robert Jr, Spencer Torkelson, Liam Hendriks, Michael Kopech, Matthew Boyd, Andrew Benintendi, Alex Lange, Yoan Moncada, Tim Anderson, Burger, Eddie Rosario, Miguel Castro, Raisel Iglesias, A.J, Minter, Zac Gallen, Ji Hwan, Louis, Rich Hill, David Bednar, Andrew Knizner, Miles Mikolas, Kyle Higashioka, Oswaldo Cabrera, Anthony Volpe, Domingo, Clay Holmes, Wandy Peralta, Bobby Miller, J.D, Martinez, Yandy Diaz, Josh Lowe, Luke Raley, Taj Bradley, Alex Verdugo, Masataka Yoshida, Tanner Houck, Drew Ellis, Kyle Schwarber, Schwarber, Ellis, Stone, Ildemaro Vargas, Vargas, Dominic Smith, Riley Adams, Alex, Monasterio, Adrian Houser, Houser, Jake Fraley, Victor Caratini, Dominic Leone, Vladimir Guerrero Jr, Nate Pearson, Pete Alonso, Starling Marte, Adam Cimber, Erik Swanson, Jordan Romano, Garrett Cooper, Cooper, Yuli Gurriel, Bryan De La Cruz, Luis Arraez, Sandy Alcantara, National League Cy Young, Paul Blackburn, Ramon Laureano, Brady Singer, Maikel Garcia, Scott Barlow, Elehuris Montero, Ezequiel Tovar, Michael Massey, MJ Melendez, Garcia, Kyle Freeland's, Josh Naylor, Andres Gimenez, Joe Ryan, Triston McKenzie, Ryan, McKenzie, James Karinchak, Ohtani, Phil Maton, Zach Neto, Griffin Canning, Chris Devenski, Carlos Estevez, Nathan Eovaldi, Jonah Heim, Eugenio Suarez's, Ty France, Jose Caballero, Kolten Wong, Tyler Wells, James McCann, Josh Lester, Blake Sabol, McCann, Jorge Mateo, Anthony DeSclafani, Adam Frazier, Austin Hays, Ryan Mountcastle, Lester, Marcus Stroman, Miguel Amaya, Yan Gomes, Trey Mancini, Fernando Tatis Jr, Diego's Ryan Weathers, Chicago's Organizations: Chicago White Sox, Detroit Tigers, Chicago, White Sox, Detroit, Braves, Diamondbacks, Atlanta, Arizona, Pirates, Cardinals, Pittsburgh, Yankees, Dodgers, New York, National League, Red Sox, Tampa Bay, Boston, Phillies, Nationals, Washington, Brewers, Reds, Milwaukee, Cincinnati, Blue Jays, Mets, Brandon, Toronto, Marlins, Athletics, Miami, Oakland, Royals, Rockies, Kansas City, Colorado . Singer, Twins, Angels, Astros, Houston, Rangers, Mariners, Texas, Seattle, Orioles, Giants, Baltimore, San, Cubs, Padres, Thomson Locations: Chicago , Illinois, USA, Phoenix, Rosario, Arizona, New, Los Angeles, Domingo German, Tampa Bay, Philadelphia, New York, Colorado, Freeland, Cleveland, Minnesota, Minneapolis, Arlington , Texas, San Francisco, Baltimore, San Diego

☆ Meta is requiring employees to come into the office 3 days a week, marking a sharp turn from the company's pro-remote work culture
▼ + stars: | 2023-06-01 | by ( Kali Hays | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

An updated policy dictates that employees must come into the office three times a week. Meta will require employees to come into the office three days a week starting September 5, marking a sharp turn in the pro-remote work culture the company championed during the height of the pandemic. A Meta spokesperson confirmed in an email to Insider that employees assigned to an office will be mandated to come in three days a week. Meta's own product, the Metaverse, was supposed to further usher in a new era of virtual remote work options. A Meta spokesperson said at the time that the move was "purely temporary" and part of the company's reorganization plans.

Persons: Mark Zuckerberg, Meta, We're, Zuckerberg, Tim Ferris Organizations: Meta, Workers, The

☆ Twitter is only worth a third of what Elon Musk paid for it, major asset manager says
▼ + stars: | 2023-05-31 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Twitter has dropped in value since Elon Musk bought the company, according to Fidelity. Fidelity estimated that Twitter is only worth a third of what Musk paid for it, per a Bloomberg assessment. Twitter is continuing to plummet in value under Elon Musk's leadership, according to financial-services corporation Fidelity, as reported by Bloomberg. According to a Bloomberg assessment of the company's recent monthly holdings report, the asset manager estimated that Twitter was only worth around $15 billion, roughly 33% of the $44 billion Elon Musk paid to acquire it in October. Even before purchasing the company, Musk said Twitter was overvalued and spent months trying to back out of the deal.

Persons: Elon Musk, Elon Musk's, Musk, Twitter, Insider's Kali Hays Organizations: Twitter, Elon, Fidelity, Bloomberg, Reuters, New York Times

☆ Elon Musk's boost to Twitter's popularity is being 'unwound' as usage drops, new data shows
▼ + stars: | 2023-05-31 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Elon Musk's acquisition of Twitter led to an uptick in downloads and usage for several weeks. Elon Musk's boost to Twitter's popularity may have been short-lived. A separate analysis of engagement with Musk's Twitter account shows a similar downward trend. All Twitter users averaged, 19.1 minutes spent on the app per day in April, Apptopia found. Younger users hit 15.9 minutes a day on the app in October, up from 13 minutes about six months earlier.

Persons: Elon Musk's, Musk, Tom Grant, Apptopia, Grant, Data.ai, Kali Hays Organizations: Elon, Twitter, Facebook, Silicon Valley Bank Locations: Apptopia, Silicon, khays

☆ Twitter users care less and less about what Elon Musk has to say, exclusive data shows
▼ + stars: | 2023-05-31 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Twitter users are engaging with original tweets from Elon Musk less and less. "Elon Musk's tweets attracted more engagement after his stake in Twitter started to increase," Huge said in its analysis. "There is a significant difference in engagement for Elon Musk's original tweets after the acquisition, compared to before the acquisition." That high level of engagement in Spring 2022 quickly fell, however, the Huge data shows, to roughly 5 million engagements per week. While there have been some brief spikes in engagement with Musk's tweets so far this year, overall there has been a decline.

Persons: Elon Musk, Musk, Elon, Musk's, Kali Hays Organizations: Elon, Twitter Locations: khays

☆ Tech workers are sick of the grind. Some are on the search for low-stress jobs.
▼ + stars: | 2023-05-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tech workers on Blind are discussing ways to find "low pressure" jobs. Some tech workers said they'd be willing to take lower pay in exchange for less stress. The golden era of tech is on its way out as tech workers continue to face mass layoffs. Earlier this week, a Meta worker posted on the anonymous job site Blind asking peers if they had any ideas for "low-pressure jobs." Other workers on Blind expressed similar anxieties, and several tech workers said they'd be willing to accept much lower pay to work in a less stressful environment.

☆ MLB roundup: Rays win shootout, take series from Dodgers
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +12 min

Rays starter Josh Fleming allowed 10 runs (eight earned) on 12 hits, including five home runs, in six innings. Dylan Covey (0-1) retired only two batters in his first start since 2019 and was tagged for seven runs (five earned) on six hits. Darvish (3-4) allowed a season-high seven runs and seven hits in 2 2/3 innings. Gerrit Cole (6-0) allowed a homer to Jake Cronenworth two batters into the game and a two-run homer to Rougned Odor in the seventh. Alex Cobb (4-2) gave up a season-high seven runs on seven hits in four innings.

☆ Despite Hochul’s Pledge, Her Policies Have Helped Husband’s Firm
▼ + stars: | 2023-05-28 | by ( Jay Root | ) www.nytimes.com time to read: +1 min

At issue is a renewal of the Seneca Nation gaming compact, with billions of dollars at stake. The governor says she is recusing herself from the matter, as is her husband, whose $650,000 in compensation last year helped push the Hochuls’ combined income to just under $1 million. Mr. Hochul has signed his own recusal policy with Delaware North on matters concerning the company’s New York operations. Delaware North was founded more than a century ago in Buffalo, beginning as a peanut stand run by L.M. Jacobs and his brothers, and eventually expanding to stadiums and horse and dog tracks all over the country.

☆ MLB roundup: Overturned DP helps Marlins beat Angels
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +11 min

Phillies 2, Braves 1Right-hander Zack Wheeler continued his dominance over Atlanta, throwing eight scoreless innings to lead visiting Philadelphia to a win. Four Atlanta relievers combined for four scoreless innings, allowing two hits and fanning six. Mariners 5, Pirates 0Luis Castillo allowed one hit over six scoreless innings as Seattle defeated visiting Pittsburgh. Mason Thompson (3-2), the first of four Nationals relievers, earned the win with two scoreless innings. Ryan Helsley (3-3) was credited with the victory after pitching 1 1/3 scoreless innings, while Sandlin (2-2) took the loss.

☆ Mark Zuckerberg said he wanted Meta to get to a 'scrappier place' following mass layoffs: report
▼ + stars: | 2023-05-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg addressed staff in an all-hands meeting Thursday, The Washington Post reported. The CEO said he wanted to get to a "scrappier place" after a recent round of Meta layoffs. Zuckerberg dubbed 2023 a "year of efficiency" and had said he wanted to "flatten" the company. He told staff in the meeting he hoped Meta would be more stable and less bureaucratic in the future, per The Post. One person familiar with the company told Insider the departures felt "constant."

Persons: Mark Zuckerberg, Zuckerberg, Meta, Insider's Kali Hays Organizations: Washington Post, Service, The Washington Post, Facebook Locations: Wall, Silicon

☆ Students and young engineers are fed up with Big Tech
▼ + stars: | 2023-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Big Tech is losing its appeal for new graduates and young tech workers starting to look elsewhere to launch their careers. Peers and mentors warn them to avoid the trappings of embarking on a Big Tech career. Based on conversations with students and companies, even students from top schools including Stanford and MIT and junior engineers from top tech companies are "feeling the crunch now," Lerner said. Tech students are applying to jobs in other fieldsWhile students and young engineers are still interested in pursuing tech-focused careers, where they want to put in their time is changing. The impact of waning interest in Big Tech among students on major companies remains to be seen.

☆ MLB roundup: Surging Cardinals down Dodgers for fourth straight series win
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +12 min

Cardinals starter Jack Flaherty allowed three runs on four hits and four walks with five strikeouts in 4 2/3 innings. Yankees 4, Reds 1Harrison Bader belted a two-run homer and Luis Severino pitched effectively into the fifth inning in his season debut, lifting New York past host Cincinnati. The 2-0 cushion proved enough to send the Phillies to a second straight win after losing five straight. In his fourth appearance, the left-hander went six innings and allowed one run on one hit, one walk and a career-high seven strikeouts. Mariners starter George Kirby (5-3) pitched seven innings and allowed three runs on six hits, one walk and six strikeouts.

☆ MLB roundup: Aaron Judge helps Yankees stun Reds
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +10 min

Jake Fraley and Spencer Steer hit RBI singles before Luke Maile hit a two-run homer in the fourth to give Cincinnati a 4-1 lead. George Springer hit a two-run homer for Toronto and Danny Jansen added a solo shot. Spencer Torkelson went 2-for-4 with a two-run homer for the Tigers, who head into Sunday's rubber match having dropped two of their past three contests. Diamondbacks 4, Pirates 3Pavin Smith's go-ahead, two-run homer in the seventh lifted visiting Arizona to a win over Pittsburgh. The Seattle offense was led by Eugenio Suarez, who was 2-for-4 with a two-run homer and three RBIs.

☆ Elon Musk's lawyer sent a letter to Microsoft accusing it of misusing Twitter's data after retrieving 26 billion tweets in a year
▼ + stars: | 2023-05-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The Verge's copy of the letter shows a dispute over Microsoft's use of Twitter's API. The lawyer said Microsoft had retrieved over 26 billion tweets in 2022 alone. Elon Musk's lawyer sent a letter to the Microsoft CEO on Thursday accusing the company of misusing Twitter's data, The New York Times first reported. He wrote that Twitter therefore requests an audit of Microsoft's API use, describing all the Twitter content that was retained and how it was used. Microsoft told The New York Times it no longer pays for Twitter's data.

☆ MLB roundup: Stars homer in Angels' win over Orioles
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

Luis Rengifo had three hits and scored two runs for Los Angeles, and starting pitcher Tyler Anderson allowed three runs and six hits in five innings. Chris Devenski (1-0) got the win despite blowing a seventh-inning lead, and Carlos Estevez worked into and then escaped a bases-loaded jam in the ninth inning for his 10th save. Marlins 5, Nationals 3Eury Perez recorded his first major league win as host Miami swept Washington. Guardians starter Logan Allen tossed 5 2/3 innings of one-run ball, and Nick Sandlin (2-1) logged 1 1/3 shutout innings for the win. Emmanuel Clase handled the ninth inning for his 15th save.

☆ MLB roundup: Astros score four in ninth, stun Cubs
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +11 min

Jake Meyers ripped a two-run homer that cut the deficit to 6-5, and when pinch hitter Mauricio Dubon followed with a walk, Brandon Hughes (0-2) entered in relief of Thompson. Mark Vientos, recalled earlier in the day from Triple-A Syracuse, hit a game-tying two-run homer in the seventh for the Mets. Cardinals 3, Brewers 0Paul DeJong hit a two-run homer and Nolan Arenado delivered his 1,000th career RBI as St. Louis defeated visiting Milwaukee. Boston tied its season high with 16 hits, including six in a six-run second inning. Justin Turner went 3-for-4 with his second homer in as many games.

☆ Mark Cuban says Elon Musk's AI company could create a 'virtual Elon' and calls it 'pretty scary'
▼ + stars: | 2023-05-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Mark Cuban says Elon Musk's Twitter purchase could give him a leg up in the AI arms race. The "Shark Tank" investor said Musk could even use it to create a "virtual Elon." Mark Cuban thinks Elon Musk's Twitter purchase could help his AI venture compete with OpenAI and other companies. "He can weigh his own tweets and those of the sources he likes and end up with a consumer-facing AI that can be a virtual Elon," Cuban wrote. In an emailed comment to Insider, Cuban said it will be "interesting to see what Elon does with it all."

☆ Elon Musk says 'I am the reason OpenAI exists' and that he 'came up with the name.'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk took credit for the existence of OpenAI and said he came up with the startup's name. "I am the reason OpenAI exists," Musk told CNBC's David Faber in a Tuesday interview. "I came up with the name," Musk told CNBC. Musk told CNBC Microsoft could "cut off OpenAI" at any point and has a lot of control over the startup. OpenAI, Microsoft, and Musk did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Elon Musk says Twitter will try to rehire some of its laid-off staff, and that some of the people he fired 'shouldn't have been' cut
▼ + stars: | 2023-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

He told CNBC Twitter "simply did not have the time to figure out" a proper layoff strategy. Musk added that he would likely rehire some laid-off staff "if they're not too mad at us." Elon Musk said Twitter will likely try to rehire some of the thousands of staff he laid off, during an interview with CNBC's David Faber. "Desperate times call for desperate measures," Musk told CNBC. Musk told CNBC that "we simply did not have the time to figure out" the layoff strategy because Twitter had to "get the run rate under control."

☆ A top Twitter staffer said its new encrypted DM feature was tested by a cybersecurity firm, but insiders say the company never signed a formal deal due to layoffs – report says
▼ + stars: | 2023-05-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter announced its new encrypted DMs feature last week. The project's lead said it had been audited by a cybersecurity firm; company sources disputed this, per Platformer. A Twitter engineer leading the platform's new encrypted messaging feature for paid users appeared to falsely claim that it had been audited by a top cybersecurity firm, Platformer reported. The idea is that by having DMs encrypted, text can only be read by participants of that conversation – as is the case on platforms such as WhatsApp. "I had [cybersecurity firm] Trail of Bits audit our implementation.

☆ Elon Musk walks back extreme cut to Twitter's parental leave policy, bringing it close to what Tesla workers get
▼ + stars: | 2023-05-16 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Elon Musk last month cut Twitter's paid parental leave policy from 20 weeks to just two weeks. Twitter workers got something of a reprieve from Elon Musk's decision to drastically reduce parental leave. Last month, Twitter cut paid parental leave from 20 weeks to just two weeks, changing the policy without officially notifying employees. The new policy brings Twitter's leave policy close to that of Tesla. Tesla's workers all receive up to 16 weeks of parental leave, but that's only at full pay under certain circumstances.

☆ How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded
▼ + stars: | 2023-05-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Wells Fargo folded Abbot Downing, which served the bank's wealthiest clients, in late 2020. In late 2020, Wells Fargo disbanded Abbot Downing, the unit that catered to the bank's wealthiest clients. Abbot Downing was folded into Wells Fargo's private bank, which also serves rich clients, but it wasn't a safe haven. Business Wire via APGinter left Wells Fargo in September 2021 to launch a new registered investment advisor the following March. Some ex-Abbot Downing employees refer to Callan the "new Abbot Downing" for its focus on the ultra-rich set.

Andreessen Horowitz is preparing to launch a fund of funds to invest in other startup backers. A16z has already been courting up-and-coming fund managers at events in San Francisco and LA. The venture-capital powerhouse Andreessen Horowitz has in recent months been in discussions to form a fund of funds focused on early-stage investing, according to multiple people familiar with the project. In recent months, the firm has started to court up-and-coming fund managers with events in San Francisco and Los Angeles, according to three sources familiar with the firm's plans. Partners at crossover fund Tiger Global tried a similar strategy in recent years, committing $1 billion to back an array of early-stage venture funds.

☆ 'The flattening' at Meta is happening as a stream of longtime executives exit ahead of thousands more layoffs
▼ + stars: | 2023-05-15 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Several high-ranking and tenured Meta employees said in recent weeks they're leaving the company. The head of Meta's Austin office is among the exits. Meta employees are seeing their internal Workplace platform flooded with goodbye posts as they brace for yet another round of layoffs and more changes at the company. Melrose and Shappley were both based out of Meta's office in Austin, with Shappley acting as the head of the Austin office in addition to her other work. Much Meta office space in the UK is now being sublet.

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