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☆ Dropbox's CEO explains why the company adopted Jeff Bezos' 'memo-first' meeting culture from Amazon
▼ + stars: | 2024-10-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon's Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. AdvertisementJeff Bezos' rules for meetings at Amazon have made their way to Dropbox. Dropbox CEO Drew Houston said his company has adopted the "memo-first" meeting culture. Instead, he asks for a 6-page "narratively structured" memo, and the meeting kicks off with attendees silently reading it.

Persons: Dropbox, Amazon's Jeff Bezos, —, Jeff Bezos, Drew Houston, you've, Logan Bartlett, Houston, PowerPoints, Bezos, they've Organizations: Service, Amazon Locations: Dropbox

☆ Mark Zuckerberg could become the richest person on the planet after a $51 billion wealth surge this year
▼ + stars: | 2024-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg could become the world's wealthiest person after surging up the rich list. The Meta CEO has gained $51 billion this year and recently ranked third in net worth. Go to newsletter preferences Thanks for signing up! AdvertisementMark Zuckerberg has rocketed up the ranks of the world's richest people — and could take the top spot for the first time. Zuckerberg sits in fourth place at the time of writing, behind Tesla's Elon Musk (worth $248 billion), Amazon's Jeff Bezos (worth $202 billion), and LVMH's Bernard Arnault (worth $180 billion).

Persons: Zuckerberg, Jeff Bezos, —, Mark Zuckerberg, Tesla's Elon Musk, LVMH's Bernard Arnault Organizations: Elon, Service, Meta, Facebook, Bloomberg, Business

☆ 5 tips from Mark Zuckerberg on how to run a company and manage your team
▼ + stars: | 2024-06-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been at the helm of Facebook, now Meta, since he created it in his Harvard dorm room 20 years ago. Advertisement"I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," Zuckerberg said in an internal Q&A last year. Founders, don't delegateZuckerberg said one of his "most controversial" leadership tips for business leaders is to avoid delegating responsibility. It's an abbreviated version of what is perhaps Zuckerberg's best-known saying, "Move fast and break things," a mantra from Facebook's early days.

Persons: —, Mark Zuckerberg, he's, Zuckerberg, Jeff Bezos Organizations: Service, Facebook, Harvard, Business, Meta, Forbes

☆ How Trump's presidency became a roller-coaster ride for many of America's top CEOs
▼ + stars: | 2024-05-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +9 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In August 2017, a Trump Tower event meant to provide updates about Trump's infrastructure plan became dominated by his response to the violence in Charlottesville. And in February 2018, Trump's infrastructure proposal took a back seat amid accusations of misconduct by two close aides. But after the election, Trump invited a broad array of tech leaders to Trump Tower and expressed a desire to work with them on innovation. In 2020, several tech leaders — including Cook — were critical of Trump's visa restrictions that would impact highly-skilled foreign workers in the industry.

Persons: —, Donald Trump, Hillary Clinton, Trump, Steve Mnuchin, Goldman Sachs, Gary Cohn, Wilbur Ross, Trump's, Elon Musk, Heather Heyer, Andrew Harnik, I've, Kenneth Frazier, Kevin Plank, 3M's Inge Thulin, Brian Krzanich, , Jim Comey, we've, Senate — Trump, Joe Biden, Tim Cook, Manuel Balce Ceneta, he'd, Jeff Bezos, Biden, Cook, Cook — Organizations: Service, White, National Economic Council, Business, Democrats, GOP, Tesla, AP, Merck, American Manufacturing Council, Policy, Trump, House, Republicans, Senate, Amtrak, Apple, Twitter, Democratic Locations: United States, Charlottesville, Va, weren't, Paris

☆ Warren Buffett's selling stocks like Apple as he sees trouble ahead — but he'll spend if markets crash: elite strategist
▼ + stars: | 2024-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett is cashing in stocks like Apple because he knows the good times won't last — but he'll spend big once disaster strikes, a veteran strategist says. AdvertisementThe conglomerate's disposals fueled a $21 billion increase in its stack of cash and Treasurys to a record $189 billion. Related storiesDietrich underscored that as a value investor, Buffett prizes underpriced assets and avoids expensive ones. Apple, which remains Buffett's largest stock holding by far, has more than tripled in value since he finished building the position in 2018.

Persons: —, Warren Buffett, Paul Dietrich, Riley Wealth, Buffett, Dietrich, He's, Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, he'll, Goldman Sachs, Davidson Organizations: Service, Apple, Business, Berkshire Hathaway, Berkshire, Walmart, downturns, Electric, Dow Chemical Locations: Berkshire

☆ Elon Musk's wealth has crashed by $160 billion from its peak as Tesla's problems pile up
▼ + stars: | 2024-04-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The stock drop has fueled an estimated $160 billion decline in Elon Musk's net worth. AdvertisementTesla's mounting troubles have dealt a heavy blow to Elon Musk's net worth. However, Musk's net worth has plunged by about $160 billion since then to $178 billion at Tuesday's close. Musk's net worth has taken a big hit from the decline because his 13% stake in the automaker makes up a big chunk of his wealth. He topped the Bloomberg rich list with a $229 billion fortune in January, but his net worth has crashed by $51 billion, or 22%, since then.

Persons: —, Elon, Warren Buffett, LVMH's Bernard Arnault, Jeff Bezos, Meta's Mark Zuckerberg, Musk, He's, Zuckerberg, isn't Organizations: Service, Bloomberg, SpaceX, Buffett, Tesla, Twitter Locations: Elon Musk's

☆ Nvidia is in a bubble, stocks will disappoint for a decade, and a recession will strike this year, markets guru warns
▼ + stars: | 2024-04-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Nvidia is in a bubble, stocks will falter, and a recession will hit this year, Jesse Felder said. The markets guru said the microchip frenzy would fade, and stock-market returns would drop off. 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 . AdvertisementNvidia hype is a bubble that will burst, stocks will disappoint for the next decade or longer, and a recession will strike this year, Jesse Felder said.

Persons: Jesse Felder, —, outsize, Felder, Jeff Bezos, Meta's Mark Zuckerberg, Jamie Dimon Organizations: Nvidia, Service, Micron

☆ Sam Altman's mission to increase human lifespan with a $180 million shipping container experiment at Retro Biosciences
▼ + stars: | 2024-03-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.

Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego

☆ Larry Ellison is $15 billion richer after Oracle's best day on stock market since 2021
▼ + stars: | 2024-03-12 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Oracle founder Larry Ellison notched a $15 billion gain on Tuesday after shares of his software company had their best day in over two years and closed at a record. Oracle shares soared 12% to close at $127.54, after the software vendor reported fiscal third-quarter earnings that beat analysts' expectations. "We are building large numbers of data centers and some of those data centers are smallish, but some of those data centers are the largest AI data centers in the world." Over the past year, Oracle shares have now spiked 52%, lifting Ellison's worth by about $50 billion. Unlike Amazon's Jeff Bezos, Larry Ellison has been hanging onto all his stock rather than selling off chunks.

Persons: Larry Ellison, Ellison, Mark Zuckerberg, Warren Buffett, Jeff Bezos, FactSet, hasn't, Bezos Organizations: Oracle Inc, Oracle, Forbes, Boeing Locations: Hamilton , Bermuda, United States

☆ Warren Buffett once warned that most dot.com startups would fail. His words lit a fire under Amazon's Jeff Bezos.
▼ + stars: | 2024-03-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett warned during the dot-com bubble that most internet startups were doomed to fail. Jeff Bezos took the investor's words to heart and told Amazon's workforce to never get complacent. AdvertisementWarren Buffett's famous warning during the internet bubble was a wake-up call for Jeff Bezos that Amazon's long-term survival was the furthest thing from guaranteed. He predicted that would be the case for internet startups too, with all the hype and speculation fading over time and leaving only a handful of companies surviving. This story is available exclusively to Business Insider subscribers.

Persons: Warren Buffett, Jeff Bezos, Buffett, Milton Berg, —, Warren Buffett's, Berkshire Hathaway Organizations: Service, Berkshire, US, Business Locations: Sun

☆ Tesla's value has slumped by $234 billion this year — that's more than McDonald's, Disney, or Nike are worth
▼ + stars: | 2024-03-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Tesla's market value has tumbled $234 billion this year, or more than McDonald's or Disney are worth. Elon Musk's EV maker is close to losing more value than Netflix or Coke's entire market caps. AdvertisementTesla's market value has plunged by an astounding $234 billion this year — that's considerably more than McDonald's ($212 billion), Disney ($202 billion), and Cisco ($199 billion) are worth. That decline is close to the entire market caps of Netflix ($259 billion) and Coca-Cola ($257 billion), and larger than the entire market value of American Express ($158 billion) and Nike ($148 billion). It's also worth noting that Tesla is still worth more than 10 times the value of either General Motors ($46 billion) or Ford ($49 billion).

Persons: —, It's, He's, LVMH's Bernard Arnault, Jeff Bezos, Tesla, Musk, hasn't, Ross Gerber Organizations: Elon Musk's, Netflix, Service, Disney, Cisco, American Express, Nike, FedEx, Bloomberg, Motors, Ford Locations: China

☆ Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have sold stock worth about $9 billion. They might think markets can't go much higher.
▼ + stars: | 2024-02-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewAmazon's Jeff Bezos, JPMorgan's Jamie Dimon, and Meta's Mark Zuckerberg have all sold big chunks of shares in their own companies. Bezos is way out in front after offloading 50 million shares of Amazon in just nine trading days this month, pocketing an estimated $8.5 billion. Zuckerberg cashed in almost 1.8 million shares of his social-media empire for more than $400 million in the last two months of 2023. Zuckerberg hadn't sold Meta shares for almost two years prior to his latest transactions. University of Nebraska-LincolnIt's worth emphasizing that Bezos, Zuckerberg, and Dimon's sales only represent small fractions of their stakes, so they're still heavily invested in their respective companies' success.

Persons: —, Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, Zuckerberg, JPMorgan's Dimon, Bezos, Mark Zuckerberg, Brendan Smialowski, it's, Dimon, Warren Buffett, Berkshire Hathaway, He's, they've Organizations: Service, Amazon, Business, JPMorgan, Berkshire, Warren Buffett . University of Nebraska, Lincoln Locations: Berkshire

☆ Bill Gates and Jeff Bezos-backed startup discovers large-scale copper deposit in Zambia
▼ + stars: | 2024-02-05 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said that it has discovered a vast copper deposit in Zambia. A spokesperson for KoBold Metals told CNBC on Monday that the company believes its Mingomba copper project in Zambia "will be one of the world's biggest high-grade large copper mines." "It is Kakula-scale in size and grade," KoBold Metals President Josh Goldman said in a statement shared on the firm's social media site X. Ivanhoe Mines, a Canadian mining company founded by billionaire magnate Robert Friedland, owns nearly 40% of the Kamoa-Kakula copper mine. KoBold Metals says it uses artificial intelligence to create a "Google Maps" of the Earth's crust to help find new deposits of copper, lithium, cobalt and nickel.

Persons: Bill Gates, Jeff Bezos, Josh Goldman, Robert Friedland, Andreessen Horowitz, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma Organizations: KoBold Metals, CNBC, Democratic, Ivanhoe Mines, KoBold, BHP, Breakthrough Energy, Bridgewater Associates Locations: Victoria, Zambia, Zimbabwe, Livingstone, California, Democratic Republic of the Congo, Canadian, Norwegian

A judge just voided Elon Musk's $55 billion Tesla pay package. The ruling, which Tesla can appeal, threatens Musk's spot as the richest person in the world. AdvertisementElon Musk's wealth is facing a potential financial hit after a Delaware judge struck down the billionaire's $55 billion Tesla pay package on Tuesday, voiding the record-setting executive compensation plan. Without the $51.1 billion compensation plan, Musk's net worth would drop to roughly $154 billion, knocking him down several notches on the current list of the world's richest people, Bloomberg reported. His pay package centers around 304 million stock options in 12 tranches tied to a series of goalposts around the carmaker's financial growth, BI previously reported.

Persons: Tesla, —, Elon, Musk, Jeff Bezos, He's, Bernard Arnault, tranches, Richard Tornetta, Greg Varallo, Delaware — Elon, Angela Reddock, Wright, Cynthia Augello, Joshua Tyler White, they're, They've Organizations: Elon Musk's, Bloomberg, Service, New York Times, SEC, Vanderbilt Locations: Delaware, French, Los Angeles, New York, China

☆ Facebook is turning 20. Now Mark Zuckerberg is figuring out what comes next for Meta.
▼ + stars: | 2024-01-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been steering the ship since he cofounded Facebook almost 20 years ago. Unlike some of the other founding fathers of major tech firms, the Meta CEO has not yet handed over the reins to someone else. This story is available exclusively to Business Insider subscribers. Meta didn't respond to a request for comment from Business Insider.

Persons: —, Mark Zuckerberg, Jeff Bezos, Larry Page, Zuckerberg, Josh Edelson, Linette Lopez, Andrew Bosworth, it's, It's, Bill Gates, Warren Buffett Organizations: Service, Facebook, Business, Meta, Getty, Bloomberg, Reality Labs, Microsoft, Berkshire Hathaway Locations: AFP, Berkshire

☆ The coolest high-tech moments from U2's Sphere concert in Las Vegas
▼ + stars: | 2023-10-02 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementThe Sphere hosted its first concert in Las Vegas over the weekend, and the stunning visuals wowed attendees. U2 performed there for 18,000 fans on Friday, and their show was accented by The Sphere's wraparound LED screen. The venue's LED screen is the largest in the world — with the highest resolution. A trip to the desertThis is a clip of U2's Concert in "The Sphere" in Las Vegas. Whatever this isThe Sphere just opened in Las Vegas.

Persons: —, Jeff Bezos, Lauren Sanchez, Mark Gadala, @markgadala, I'm, Rob Kachelriess Organizations: Service, Forbes, rbs Locations: Las Vegas

☆ OpenAI CEO Sam Altman takes diabetes drug metformin as part of his anti-aging routine
▼ + stars: | 2023-03-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

OpenAI CEO Sam Altman takes the diabetes drug metformin to slow down aging. Metformin is a decades-old drug that is prescribed to millions of people with diabetes, CNBC reported. In addition to the drug, Altman's said his anti-aging regimen includes "trying to eat healthy, exercise, and sleep enough," per the MIT Technology Review. The company uses genetic engineering and plasma replacement to make cells younger, per the MIT Technology Review. Altman secretly poured $180 million dollars into Retro Bioscience's death-delaying treatment, the MIT Technology Review reported.

☆ LVMH CEO Bernard Arnault: World's richest person admires Buffett, Jobs
▼ + stars: | 2023-01-05 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would be France's Bernard Arnault, the 73-year-old co-founder and CEO of LVMH, the luxury goods conglomerate known for operating iconic brands like Louis Vuitton, Tiffany and Christian Dior. He still holds a 97.5% stake in the iconic French luxury fashion house. How did he become the world's wealthiest person? Amid global market turmoil, Arnault's wealth has held fairly steady in recent months. The vast majority of Arnault's wealth is tied to LVMH's stock, and since 2020, the company's stock price has grown by nearly 65% overall.

☆ Billionaire-backed KoBold Metals to invest in Zambia copper mine
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

Mingomba contains 247 million tonnes of ore with an average grade of 3.64% copper, according to KoBold. Zambian President Hakainde Hichilema wants to boost the country's copper production to 3 million tonnes a year by 2032, from around 850,000 tonnes currently. As Africa's second-largest producer of copper, Zambia is highly dependent on mining. "Our message to the world is that Zambia is here, and is open for business," Hichilema said as he announced the deal at the summit. The deal, which will grant KoBold a majority stake in Mingomba, is set to close in the first quarter of 2023.

☆ Amazon announces 10,000 layoffs
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon announces 10,000 layoffsCNBC reports the latest layoff facing the tech sector with interview with comments from Amazon's Jeff Bezos and from Apple CEO Tim Cook.

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