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☆ Inside the Goldman Sachs marketing push that has some execs perplexed
▼ + stars: | 2024-11-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +14 min

AdvertisementTop Goldman officials denied any plans to cut Carter's department and said she had upgraded Goldman's marketing capabilities. "It sounds like a few people have a quaint understanding of marketing at Goldman Sachs," a Goldman spokesman, Tony Fratto, said. They turned to the consulting giant McKinsey, which recommended Goldman increase its marketing budget and hire a chief marketing officer, these people said. Related storiesAs AT&T's chief brand officer, Carter handled sports sponsorships, advertising, and diversity messaging in a division headed by the telecom giant's global marketing officer, Lori Lee. PATRICK T. FALLON/AFP via Getty ImagesIn recent weeks, Goldman's marketing team has suffered more departures.

Persons: Goldman Sachs, Goldman, Fiona Carter, Carter, David Solomon's, Solomon, Tony Fratto, It's, Goldman dealmaker, —, John Waldron, Lori Lee, Robert De Niro, Katie Holmes, John Rogers, Waldron, Rogers, Fratto, Sean Zanni, Jake Siewert, Maria dal, speechwriting, Dal Pan, Goldman Sachs SAUL LOEB, Matt Gibson, David Solomon, PATRICK T, FALLON, Jason Hill, snagging, There's, Russell Horwitz, Goldman's, Horwitz, " Horwitz, Emmalyse Brownstein, Reed Alexander Organizations: Goldman, Business, Forbes, McKinsey, T's, Hollywood, Tribeca Film, Goldman's New, BI, AFP, Formula One United, Prix, Getty, White Locations: Sachs, Goldman's, Goldman's New York City, Formula One United States, Austin , Texas, York City

☆ Dozens of Goldman Sachs executives are about the get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: Being named a partner of the prestigious Wall Street bank. Advertisement"Making partner at Goldman Sachs is a rigorous and competitive process," Goldman spokesperson Tony Fratto said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, Dartmouth College, Citigroup, Bank of America, Goldman, Financial, Partners, Reading, BI Locations: New York, London

☆ Dozens of Goldman Sachs executives are about to get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: being named a partner at the prestigious Wall Street bank. "Making partner at Goldman Sachs is a rigorous and competitive process," Tony Fratto, Goldman's head of communications, said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, CNBC, Dartmouth College, Citigroup, Bank of America, Partners, Goldman, Financial, Reading, Investment, BI Locations: New York, London

☆ There's a catch in OpenAI's $6.6 billion funding deal that no one is talking about
▼ + stars: | 2024-10-04 | by ( Natalie Musumeci | Alex Bitter | ) www.businessinsider.com time to read: +6 min

There's an important stipulation on OpenAI's historic $6.6 billion funding round. AdvertisementOpenAI's historically large $6.6 billion funding round is bringing in checks from some of the biggest technology and venture capital investors. If the ChatGPT-maker doesn't complete its transition to a for-profit company within two years, investors in the latest round could ask for their money back, multiple outlets have said. But "if there's disagreement within the entity, then it's much harder for the regulators to approve it," he said. AdvertisementStill, the legal experts said that though OpenAI's transition to a for-profit company is a complicated one, it's doable.

Persons: —, there's, doesn't, OpenAI, Jill Horwitz, Horwitz, Alexander Reid, Reid, doable, Elon Musk, Sam Altman, Greg Brockman, Musk, Altman Organizations: Service, University of California, Los Angeles School of Law, Internal, SEC, IRS, Employees Locations: OpenAI, Delaware, California

☆ 2024 Election: Crypto Bros Could Swing Votes Toward Kamala or Trump
▼ + stars: | 2024-09-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. In September, he unveiled his own crypto venture, World Liberty Financial. The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.

Persons: cryptocurrency, Crypto, Sen, Katie Porter, Jamaal Bowman, Sherrod Brown's, Bernie Moreno, Donald Trump, Kamala Harris, Trump, Harris, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Cameron, Tyler Winklevoss, He's, Adam Kovacevich, Joe Biden's, Gary Gensler, Lina Khan, Biden, Sheila Warren, Brian Hughes, Elizabeth Warren, Jon Tester, Bernie Sanders, Barron, it's, Robert Weissman, he's, She's, Chuck Schumer, Jared Polis of, Anthony Scaramucci, Mark Cuban, Ron Conway, Sherrod Brown, Kamala, she's, Rachael Horwitz, " Horwitz, Harris hasn't, Molly White, Horwitz, It's, There's, Weissman, Dan Cassino, Khan, Warren, that's, Emily Stewart Organizations: Democratic, Sherrod Brown's Republican, Gemini, Facebook, Trump, GOP, Republican, of, Democrats, Securities and Exchange, Federal Trade Commission, Crypto, Innovation, Liberty Financial, Public Citizen, Financial Times, Politico, Gov, Jared Polis of Colorado, Wall Street, Haun Ventures, Fairleigh Dickinson University, Capitol Hill, SEC, FTC, Chamber, Business Locations: Ohio, Wisconsin, Nashville, United States, Silicon Valley, That's, California, New York, America, bitcoin, Washington

☆ Why Kamala Harris and Donald Trump Are Courting the Crypto Crowd
▼ + stars: | 2024-09-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. Related storiesWhile Molly White, a crypto researcher and critic, described Harris' recent statements about crypto as "middle of the road," she said she thought the crypto industry was "definitely taking an optimistic view." The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.

☆ OpenAI has 2 years to transition to a for-profit company. Here are 6 key things it will need to do in that time.
▼ + stars: | 2024-09-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

OpenAI is transitioning to a for-profit company so it can raise billions more in funding. The company has operated under a nonprofit board since its launch, adding a for-profit arm in 2019. Almost a year later, many of those who disagreed with Altman's approach are gone, and OpenAI is transitioning into a fully for-profit company. There are several complex steps the company will need to take to make this change in under two years. AdvertisementAltman's equityUnder the new structure, Altman is set to get equity in the company.

Persons: —, OpenAI, Sam Altman, Alexander Reid, Altman, It'll, Jill Horwitz, Greg Brockman Organizations: Service, Microsoft, Nvidia, Wall Street, UCLA, Elon Musk Locations: OpenAI, Delaware

After eight years of threatening to repeal the Affordable Care Act, more commonly known as Obamacare, former President Donald Trump still doesn’t have a comprehensive plan to replace it. People in the U.S. pay roughly twice as much for health care than any other nation on earth. But is it feasible to create a new health care law that reduces the escalating costs? “Right now, Obamacare is the status quo in health care,” said Larry Levitt, executive vice president of health policy at KFF, a nonprofit group that researches health policy issues. Harris has committed to extending the subsidies; Trump has remained silent.

Persons: Donald Trump, ”, John A . Graves, “, Kamala Harris, Trump, ” Trump, —, Larry Levitt, ” Levitt, Graves, Gerard Anderson, ” Graves, Jill Horwitz, David Sanders, “ We’ve, we’ve, ” Horwitz, Horwitz, Harris, Levitt, “ Trump, that’s Organizations: Trump, Vanderbilt University School of Medicine, U.S . Department of, Treasury, Congressional, “ Republicans, ACA, Republicans, Republican, Committee, House Republicans, Johns Hopkins University Bloomberg School of Public Health, Budget, Affordable, Law, Medicine, UCLA School of Law Locations: United States

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

Mr. Cohen has said he acted at Mr. Trump’s direction, but the former president is not charged over the payment itself. If Mr. Trump testifies in his own defense, that could pit Mr. Cohen’s word against Mr. Trump’s — a he-said, he-said story, with two questionable narrators. Mr. Trump’s lawyers will seek to emphasize Mr. Cohen’s checkered past at every turn. And, on cross-examination, Mr. Trump’s lawyers are likely to portray Mr. Cohen as a serial liar with a grudge against his former boss. Mr. Pecker can support at least some of Mr. Cohen’s testimony about Mr. Trump’s involvement in the hush-money deals.

Persons: Donald J, Trump, Alvin L, Bragg, Michael D, Cohen, Stormy Daniels, Daniel J . Horwitz, Michael Cohen, ” Mr, Horwitz, Mary Altaffer, Daniels, Trump’s, Joshua Steinglass, Donald Trump, Mr, Steinglass’s, David Pecker, Hope Hicks, Pecker, Bragg’s, Karen McDougal, Marion Curtis, reimbursements, Allen H, Weisselberg, Steinglass, McDougal, Dave Sanders, The New York Times Susan Necheles, Cohen’s, President Trump, Madeleine Westerhout, “, ”, ” William K, Rashbaum, Maggie Haberman, Jonathan Swan, Michael Rothfeld Organizations: Prosecutors, Mr, fixer, National Enquirer, Trump, Trump . Credit, The New York Times, American Media, Associated, ” Locations: New York, Manhattan, Trump ., America, Russia

☆ Goldman Sachs taps Carey Halio as treasurer amid criticisms of its handling of women's careers — read the full memo here
▼ + stars: | 2024-04-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Beth Hammack, a past treasurer and CEO of Goldman Sachs Bank USA, recently left after reportedly being passed over for the CFO job. April 11, 2024Carey Halio Named Global Treasurer of Goldman SachsI am pleased to announce that Carey Halio has been named global treasurer of Goldman Sachs and will become a member of the Management Committee. Previously, Carey was chief executive officer of Goldman Sachs Bank USA and deputy treasurer of Goldman Sachs. He first joined Goldman Sachs in 2006 in Investment Banking, where he advised US financial institutions on capital markets and regulatory capital issues. Please join us in congratulating Jehan on his new responsibilities, and in wishing him and the Investor Relations team continued success.

Persons: Goldman Sachs, Philip Berlinski, Berlinski, Goldman, Denis Coleman, Carey Halio, Halio, David Solomon, she'll, Jehan Ilahi, who's, Coleman, Russell Horwitz, Beth Hammack, Stephanie Cohen, Solomon, Horwitz, Carey, David, Jehan, Morgan, Denis Coleman Russell Horwitz Organizations: Financial Times, Goldman Sachs Bank USA, Business, BI, Street Journal, Goldman, Management, Investor Relations, Goldman Sachs Bank, Financial, Investment Banking, Equity Investor Relations, Banking Locations: New York

☆ Apple's having a rough year
▼ + stars: | 2024-03-24 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Justin Sullivan/Getty Images; Jenny Chang-Rodriguez/BIThis week's dispatchTaking a bite out of AppleApple's having a rough year. Apple is to blame for Amazon and Microsoft's phone failures, per the DOJ, which also zeroes in on Apple's green text bubbles. It was a tech antitrust lawsuit more than two decades ago that helped create space for Apple's rise.

Persons: —, Justin Sullivan, Jenny Chang, Rodriguez, Tim Cook, Steve Jobs, Apple, Rebecca Zisser, Frazer Harrison, Tyler Le, Goldman Sachs, David Solomon, Patrick Semansky Goldman, Russell Horwitz, Al Schwimmer, Frank Sinatra, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Apple, Department of Justice, DOJ, Amazon, FTC, Getty, Google, BI, David Solomon AP Locations: China, Palestine, New York

☆ It's March Madness time — and we mean business
▼ + stars: | 2024-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.

Persons: —, Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London

☆ Goldman Sachs issued these 12 talking points for managers amid criticisms that it's bleeding women leaders. See the full memo here.
▼ + stars: | 2024-03-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Horwitz's March 13 memo was sent to all partners, managing directors, and vice presidents in response to a recent Wall Street Journal story. Women exits at GoldmanThe story comes amid a recent spate of departures of high-profile female executives at Goldman. Other women partners who have left include Katie Koch, a former top executive in asset management; Heather Miner, ex-global head of investor relations; and Jennifer Davis, a former head of retail investment banking. We are very fortunate to have extraordinary female partners that continue to increase in numbers. Our longer term success depends significantly on developing female partners in senior roles."

Persons: Goldman Sachs, Russell Horwitz, hasn't, Horwitz, David Solomon's, Horwitz —, Goldman, Marc Nachmann, Stephanie Cohen, BI's Bianca Chan, Beth Hammack, Cohen, Hammack, Alison, —, Solomon, Katie Koch, Heather Miner, Jennifer Davis, Horowitz, Russell W, David, we've Organizations: Business, Horwitz's, Goldman, Firm, Women, Media Relations

☆ Fashion brands using AI to analyze trends could 'completely transform the creative process,' a consultant says
▼ + stars: | 2024-02-26 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +8 min

Artificial intelligence is helping fashion brands understand consumer behaviors and demands. The Business of Fashion and McKinsey said that in a survey they conducted, about 73% of fashion executives said they planned to prioritize generative AI in 2024. AI can be used to improve efficiency and sustainability to both identify trends and create new ones — but it requires careful implementation. Horwitz, alongside her colleague Oliver Zimmer, built the first Google Fashion Trends report, which used machine learning to identify trends in Google search data. "But using generative AI, you can also have it review those patterns.

Persons: —, Benjamin Bond, Yarden Horwitz, Horwitz, Oliver Zimmer, Zimmer, Bond, Fashable, ChatGPT, Orlando Ribas Fernandes, Fernandes, Fashable's Orlando Ribas Fernandes, Fashable Fernandes Organizations: Service, McKinsey & Company, Industry, Fashion, McKinsey, Kearney, Google, Nike, XNFY, Microsoft Locations: Kearney

☆ Mother of Boy Who Murdered Four Classmates Faces Manslaughter Trial
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

Ethan Crumbley pleaded guilty in 2022 to two dozen counts, including four of first-degree murder, and last month was sentenced to life in prison without parole. Jennifer Crumbley and her husband James Crumbley were being tried separately after being charged with four manslaughter counts in late 2021. Legal experts have said that the parents' trial, which appears to be the first of its kind, breaks new legal ground. "Rarely are high school shooters going out and buying guns from a gun store," Horwitz said. Ethan Crumbley was returned to class and later walked out of a bathroom with the gun and began firing, prosecutors say.

Persons: Brad Brooks, Jennifer Crumbley, Ethan, Ethan Crumbley, James Crumbley, James Crumbley's, Josh Horwitz, Horwitz, Karen McDonald, I'm, hadn't, Nick Suplina, Donna Bryson, Michael Perry Organizations: Reuters, Oxford High School, Johns Hopkins Center for Gun Violence Solutions, U.S . Department of Homeland Security, Law, Gun Safety Locations: Michigan, Oakland, Detroit, Longmont , Colorado

☆ How unregulated radio stations out of Mexico fueled the country music boom in America
▼ + stars: | 2024-01-19 | by ( Yoonji Han | ) www.businessinsider.com time to read: +8 min

Known as "border radio," the unregulated American radio industry sprung up on Mexico's northern border in the 1930s. Michael Ochs Archives/Getty ImagesIn the years that followed, other border radio stations sprung up in Mexico. Hank Thompson, another country music star who grew up in Waco in the 30s, said border radio stations were the only stations where one could listen to country music most of the time. But the legacy of border radio stations continued to live on in the country music they helped popularize, as well as its cousin genres. According to American honky-tonk star Webb Pierce, country music "might not have survived if it hadn't been for border radio."

Persons: —, Bill Crawford, Crawford, weren't, Will Horwitz, Horwitz's, Jimmie Rodgers, Carter, Michael Ochs, Jesus Christ, Dallas Turner, John Romulus Brinkley, Brinkley, Pope Brock, Minerva, Minnie, Jones, Patsy Montana, Slim Rinehart, Johnny Cash, Waylon Jennings, Hank Thompson, Lydia Mendoza, Rosa Dominguez, Mexican Nightingale, Dominguez, Maybelle, Webb Pierce, It's Organizations: Service, Business, Amazing Broadcasters, American Airwaves, Keystone, Gamma, Getty Images, US, charlatans, Houston, Country, Michael Ochs Archives, Kansas he'd, The Kansas State Medical Board, Federal Radio Commission, Soibelman, Tejano, Getty, Thunderbirds, ZZ Locations: American, West, Mexico, Canada, United States, Mexican, France, Tamaulipas, KFKB, Kansas, New York, Waco, South Dakota

☆ Meta Is Struggling to Boot Pedophiles Off Facebook and Instagram
▼ + stars: | 2023-12-01 | by ( Jeff Horwitz | Katherine Blunt | ) www.wsj.com time to read: 1 min

Meta Platforms has spent months trying to fix child-safety problems on Instagram and Facebook, but it is struggling to prevent its own systems from enabling and even promoting a vast network of pedophile accounts. The social-media giant set up a child-safety task force in June after The Wall Street Journal and researchers at Stanford University and the University of Massachusetts Amherst revealed that Instagram’s algorithms connected a web of accounts devoted to the creation, purchasing and trading of underage-sex content.

Organizations: Facebook, Street Journal, Stanford University, University of Massachusetts Amherst

☆ WSJ's Jeff Horwitz: Instagram's algorithm delivers toxic video mix to adults who follow children
▼ + stars: | 2023-11-28 | 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 EmailWSJ's Jeff Horwitz: Instagram's algorithm delivers toxic video mix to adults who follow childrenJeff Horwitz, Wall Street Journal technology reporter and ‘Broke Code’ author, joins 'Squawk Box' to discuss tests conducted by WSJ and the Canadian Center for Child Protection, which found that major brand ads could be served alongside sexually explicit images when they aimed to replicate the behavior that a child predator might engage in on Instagram, how Instagram's algorithm delivers inappropriate content to adults who follow children, Meta's response, and more.

Persons: Jeff Horwitz Organizations: Wall Street Journal, WSJ, Canadian Center for Child Locations: Instagram

☆ Instagram’s Algorithm Delivers Toxic Video Mix to Adults Who Follow Children
▼ + stars: | 2023-11-27 | by ( Jeff Horwitz | Katherine Blunt | ) www.wsj.com time to read: 1 min

Instagram’s Reels video service is designed to show users streams of short videos on topics the system decides will interest them, such as sports, fashion or humor. The Meta Platforms -owned social app does the same thing for users its algorithm decides might have a prurient interest in children, testing by The Wall Street Journal showed.

Organizations: Wall Street

☆ Meta Designed Products to Capitalize on Teen Vulnerabilities, States Allege
▼ + stars: | 2023-11-25 | by ( Jeff Horwitz | ) www.wsj.com time to read: +1 min

Meta says it didn’t design its products to be addictive for teens. Photo: David Paul Morris/Bloomberg NewsMeta Platforms sought to design its social-media products in ways to take advantage of known weaknesses of young users’ brains, according to newly unredacted legal filings citing internal company documents. An internal 2020 Meta presentation shows that the company sought to engineer its products to capitalize on the parts of youth psychology that render teens “predisposed to impulse, peer pressure, and potentially harmful risky behavior,” the filings show. References to the documents were initially redacted in the suit, which was filed in late October by members of a coalition of 41 states and the District of Columbia, alleging that Meta has intentionally built Facebook and Instagram with addictive features that harm young users. Meta approved the filing of an unredacted version on Wednesday.

Persons: Meta, David Paul Morris Organizations: Bloomberg, Meta, District of Columbia

☆ Where are they now: The many fascinating Bridgewater employees from the book on Ray Dalio 'The Fund'
▼ + stars: | 2023-11-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +17 min

The new book, "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" — which Dalio and his lawyers have pushed back against — describes everything from Bridgewater's investment process to internal grudges and backstabbing to allegations of sexual harassment. Here are the places where the dozens of Bridgewater employees and consultants named in the book ended up. Dalio, the book said, wrote into the firm's bylaws that he could never hold that title again. Before that, she was the head of investment research and a co-chief investment officer for sustainability. He's worked at different funds since leaving in 2006, including Larch Lane Advisors and Bonaccord Capital as an investor and business-development professional.

Persons: Rob Copeland's, Ray Dalio, Dalio, —, Bridgewater, Greg Jensen, YouTube Dalio, nixed, Copeland, He's, Jensen, Eileen Murray, Morgan Stanley, David McCormick, Dina Powell, McCormick, Dave McCormick, Michael M, Nir Bar Dea, Stefanova, Dalio's, Paul McDowell, Bob Eichinger, McDowell, Eichinger, Jen Healy, Osman Nalbantoglu, Matthew Granade, Steve Cohen, Steve Cohen's Point72, Bob Prince, politicking, Karen Karniol, Bridgewater Associates Karen Karniol, Vladimir Putin, Bob Elliott, Elliott, James Comey, Winn McNamee, Barack Obama, Donald Trump, Hillary, Britt Harris, Bridgewater's, Julian Mack, L, Michael Partington, Spencer Stuart, Niko Canner, Jon Rubinstein, Beck Diefenbach Jon Rubinstein, Steve Jobs, Tom Adams, Rosetta Stone, J, Michael Cline, Cline, Kevin Campbell, Campbell, Craig Mundie, Bill Gates, Gates, Mundie, Bill Clinton, George W, Bush, David Ferrucci, IBM's Watson, Ferrucci, Keith Alexander, Alexander, Larry Culp, Culp, Jamie Gorelick, conscientiously, Clinton, Jared Kushner, Jesse Horwitz, Comey, Horwitz, Samantha Holland, Perry Poulos, Murray, Joe Sweet, Tara Arnold, Arnold —, Leah Guggenheimer, She's, Charles Korchinski, Harris, Kent Kuran Organizations: New York Times, Bridgewater Associates, Business, Bridgewater, YouTube, HSBC, Broadridge, Life Insurance, Wells, Treasury Department, Republican, Getty, GOP, Israel Defense Forces, Marto, Princeton University, McKinsey, Point72, Bridgewater didn't, Domino Data, CircleUp, FBI, Trump, of, University of Texas Investment Management Co, Apple, Dalio, Health, Cognition, Mundie, National Security Agency, Amazon, General Electric, Boston Globe, Electric, Trump White House, Harvard Law School, —, Hubble, Stefanova's Marto, HBR Consulting, MIO Partners, Burford, Larch Lane Advisors, Bonaccord, Eaton Partners, Stanford, NextEra Energy Resources Locations: Bridgewater, Connecticut, Pennsylvania, China, San Francisco, of Texas, Atlanta, WilmerHale, Asia, India, Shanghai, Singapore, Israel, Africa

☆ ‘Meta’s Deception’ About Instagram’s Harmful Qualities Alleged in Massachusetts Suit
▼ + stars: | 2023-11-09 | by ( Georgia Wells | Jeff Horwitz | ) www.wsj.com time to read: 1 min

The filing suggests that many of the executives who publicly dismissed the seriousness of Instagram’s potential harm to young users had long warned about them. Photo: Niharika Kulkarni/Zuma PressMeta Platforms Chief Executive Mark Zuckerberg repeatedly dismissed warnings from senior company officials that its flagship social-media platforms were harming young users, according to unsealed allegations in a lawsuit filed by Massachusetts. According to the suit, as early as 2019, Meta’s head of responsible innovation was telling Zuckerberg that mounting evidence showed the net effect of their platforms on user well-being was negative. Around that time, multiple executives, including Instagram head Adam Mosseri , were pushing for the company to ban filters that mimic plastic surgery due to concerns they were harming the mental health of women and teens.

Persons: Niharika Kulkarni, Mark Zuckerberg, Zuckerberg, Adam Mosseri Locations: Massachusetts

☆ Jeff Horwitz — Reporter at The Wall Street Journal
▼ + stars: | 2023-11-03 | by ( Jeff Horwitz | ) www.wsj.com time to read: 1 min

Jeff HorwitzJeff Horwitz is a technology reporter for The Wall Street Journal based in San Francisco, where he covers Meta and social-media platforms. His work on the Facebook Files won a George Polk Award, a Gerald Loeb Award and the Chris Welles Memorial Prize, among other recognitions. Previously he was a financial and enterprise reporter for the Associated Press in Washington, D.C. Jeff has also worked for American Banker, Legal Times, the San Bernardino Sun and the Washington City Paper.

Persons: Jeff Horwitz Jeff Horwitz, George Polk, Gerald Loeb, Chris Welles, Jeff Organizations: Wall, Journal, Facebook, George, Associated Press, American Banker, Legal Times, San Bernardino Sun, Washington City Locations: San Francisco, Washington ,

☆ His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.
▼ + stars: | 2023-11-03 | by ( Jeff Horwitz | ) www.wsj.com time to read: 1 min

In the fall of 2021 a consultant named Arturo Bejar sent Meta Platforms Chief Executive Mark Zuckerberg an unusual note. “I wanted to bring to your attention what l believe is a critical gap in how we as a company approach harm, and how the people we serve experience it,” he began. Though Meta regularly issued public reports suggesting that it was largely on top of safety issues on its platforms, he wrote, the company was deluding itself.

Persons: Arturo Bejar, Mark Zuckerberg, “, ”, Meta Organizations: Meta

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