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AdvertisementIt was perhaps inevitable that Elon Musk — a tech titan and a prolific gamer — would try to turn government spending into a game. It's a natural move for Musk, who came up in the tech world in the early 2000s, as "gamification" took hold. "That's that kind of logic that you end up having if you're not really cautious about how it's designed." AdvertisementFor the government, that might hinge on what counts as waste and whether Musk's leaderboard can get people to agree. Otherwise, Hon said gamification might have short-term benefits but backfire in the long term as important, less-tangible factors are crowded out by overemphasizing one metric.
Persons: Elon Musk, , Elon, Musk, Jane McGonigal, McGonigal, Adrian Hon, You've, Richard Landers, it's, you've, Landers, Natalia Mehlman Petrzela, " Landers, Jill, It's, Petrzela, Musk's, gamification, he's Organizations: Service, Government Efficiency, University of Minnesota, SXSW, Netflix, Nike, New School Locations: gamification
Bank of America downgrades Solaredge to underperform from neutral Bank of America says Solaredge is at risk of tariffs in a Trump administration. Barclays downgrades Coty to underweight from equal weight Barclays downgraded the beauty stock following earnings and says it sees "strategy creep." Baird upgrades McKesson to outperform from neutral Baird upgraded the healthcare and medical supply company following earnings. JPMorgan upgrades Clearwater to overweight from neutral JPMorgan upgraded the software company following earnings. " Seaport downgrades Duolingo to neutral from buy The firm downgraded the language App company mainly on valuation following earnings.
Persons: Solaredge, Jefferies downgrades Palantir, Jefferies, PLTR, Bernstein, Ford, Morgan Stanley, Wolfe, it's, Trump, Coty, Schneider, Schneider National's, Apple, it's bullish, Max, Baird, MCK, JPM, CWAN, Guggenheim, Sunrun, Raymond James, Tesla Organizations: Barclays, Qualcomm, Bank of America, of America, Intelligence, Allstate, Nvidia, AMD, Coty, underperform Bank of America, Citi, Apple, Deutsche Bank, Disney, HC, JPMorgan, UBS, Vulcan, Guggenheim, Technologies, USM Locations: Trump, 1Q23, China, F4Q
Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. SolarEdge — The solar panel inverter stock slipped more than 16% after a third-quarter revenue miss. SolarEdge reported revenue of $261 million, while analysts surveyed by LSEG were looking for $269 million. Third-quarter revenue surpassed Wall Street estimates, and the company expects fourth-quarter revenue of $256 million to $262 million, compared with an estimate of $260 million. Moderna — Shares rallied 7% after Moderna's third-quarter earnings and revenue topped expectations.
Persons: FactSet, SolarEdge, , Zillow, Gilead, LSEG, Armour, Hershey, Samantha Subin, Hakyung Kim, Sarah Min Organizations: Arm, Wall, LSEG, FactSet, , Qualcomm, Gilead Sciences, Hershey Locations: Gilead
Duolingo's Wednesday earnings call started with an AI chatbot demonstration. The chatbot, Lily, summarized the company's performance this quarter. The purple-haired chatbot, which sounded like a bored, sarcastic teenager, replaced CEO Luis von Ahn at the beginning of the video call. "Our new Duolingo Max feature video call lets learners chat with me," the chatbot said. AdvertisementWhile Lily was largely a gimmick for the earnings call, the impact of AI has been a persistent theme in earnings this year.
Persons: Lily, Duolingo, , Luis von Ahn, Von Ahn, OpenAI's, Piper Sandler's Arvind Ramnani, Gen, didn't Organizations: Service, Meta, Microsoft
An ‘embellished’ closing argumentTrump’s and Harris’ closing messages have seemingly been playing through a bullhorn on loop around Pennsylvania these final weeks. “No matter who wins, it will be narrow,” said Eugene DePasquale, the Democratic nominee for Pennsylvania attorney general. “If Harris wins, I think you’re going to say we offered a different vision for the country moving forward. And there was finally … a wanting to turn the page from Trump.”“If it goes the other way,” he continued. Her advertising has been heavily focused on her proposal to combat price gouging and cost increases that Pennsylvanians could face because of wide-ranging tariffs Trump wants to impose.
Persons: Harris, ” Trump, Sen, Bob Casey, , Abbott, ” Harris, Trump, Richard Perini, Eugene DePasquale, Donald Trump’s, Clinton, Luis von Ahn, , she’s, “ I’m, Josh Shapiro, ” Shapiro Organizations: Trump, Democratic, Trump’s State College, Republicans, , Carnegie Mellon University Locations: Pennsylvania, Lititz, U.S, Harrisburg, Westmoreland County, Pittsburgh
The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. Eight other Club names reported earnings last week, including Eli Lilly and Eaton. Despite indications from Big Tech that Nvidia's AI chips will remain in hot demand, the Club stock fell 4.3% for the week. The S & P 500 , which is less tech-weighted, fell nearly 1.4% for the week, making it back-to-back weekly losses for the broader market index. Earnings After analyzing earnings reports from 14 of our portfolio companies last week, there is only one Club name on the docket this week.
Persons: Eli Lilly, Eaton, Jim Cramer, financials Goldman Sachs, Kamala Harris, Donald Trump, Harris, Trump, That's, Jerome Powell, We're, we'll, Archer, Johnson, Jim Cramer's, Jim, Brendan McDermid Organizations: Nasdaq, Devices, Apple, Microsoft, Big Tech, Club, Nvidia, Dow, Intel, AMD, Dow Jones, Visa, American Express, JPMorgan, Bond, Federal Reserve, Boeing, Treasury, White, DuPont, Election, Protection, Electronics, Industrial, Constellation Energy, Marriott, Century Fox, Wynn Resorts, WYNN, Goodyear Tire, Cirrus, Diamondback Energy, Daniels, Midland, Apollo Global Management, Ferrari, Restaurant Brands, Emerson Electric, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Teva Pharmaceutical Industries, Cedar Fair Entertainment, Toyota, American Electric Power Company, Johnson Controls, Dine Brands, Holdings, AMC Entertainment, Qualcomm, Coty, COTY, Energy, Barrick, Halliburton, HAL, Hershey, Air Products & Chemicals, Warner Bros ., Arista Networks, Rivian Automotive, Trade, Icahn Enterprises, Sony, SONY, Paramount, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: BlackRock, Florida, China, Sluggishness, Cleveland, New York City, U.S
Luis von Ahn is the cofounder and CEO of Duolingo, a popular language-learning app with more than 31 million monthly active users. Von Ahn led the development of "Birdbrain", a machine learning model that estimates a user's language proficiency and then personalizes exercises. In 2023, Duolingo launched a new "Max" tier for its language-learning users. This year, Duolingo launched a Video Call feature where learners can practice talking in real time with an AI character. Von Ahn is a former computer science professor at Carnegie Mellon University and the co-inventor of CAPTCHAs, the way to determine if a computer user is human.
Persons: Luis von Ahn, Von Ahn, Duolingo Organizations: Carnegie Mellon University
Duolingo CEO Luis von Ahn talked about his data-driven approach to "founder mode." A debate over founder mode was recently sparked by Paul Graham's essay advocating hands-on leadership. AdvertisementAmid the wider debate in Silicon Valley about how a CEO should run their company, Duolingo's chief executive is siding with a data-driven approach to founder mode. "Yes, I am in that mode, but we have a number of people who could probably play that role as well," von Ahn said when asked about founder mode. While this my-way-or-the-highway approach feels very indicative of founder mode, arguments rarely happen between the three executives, von Ahn said in the interview.
Persons: Luis von Ahn, Paul Graham's, , He's, Cem Kansu, Ryan Sims, von Ahn, Paul Graham, Graham, Brian Chesky, Von Ahn, Duolingo, let's, Sims Organizations: Service Locations: Silicon Valley
Duolingo's CEO said being in the office is key for brainstorming. In an interview on The Verge's "Decoder" podcast, Luis von Ahn said that employees must come into the office three days a week. "Most of what we do is creative stuff," von Ahn told "Decoder." While RTO mandates have proved massively unpopular elsewhere, von Ahn said the transition at Duolingo was smooth because the company consistently managed expectations. When it first went remote, von Ahn said he told employees — and new hires — that they would eventually be going back to the office.
Persons: , Luis von Ahn, von Ahn, Duolingo Organizations: Service, Business Locations: Pittsburgh, New York City, Detroit, Seattle, Berlin, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI continues to be catalyst for Duolingo but 'killer' for Shutterstock: Citizens JMP's Andrew BooneAndrew Boone, Citizens JMP research analyst, joins CNBC's 'The Exchange' to discuss how AI adoption is both opportunity and a threat for certain stocks, how Duolingo will implement AI in its language tutoring, and more.
Persons: Andrew Boone Andrew Boone Organizations: Shutterstock
Here are the biggest calls on Wall Street on Monday: TD Cowen reiterates Nvidia as buy TD said Nvidia remains a top pick at the firm. Goldman Sachs upgrades Ibotta to buy from neutral Goldman Sachs reiterates Alphabet as buy Goldman lowered its price target on the stock to $208 per share from $217 citing a slew of headwinds for Alphabet. Wells Fargo upgrades Flutter to overweight from equal weight Wells says investors should buy the dip in shares of the gambling company. Goldman Sachs downgrades AutoZone to sell from buy Goldman downgraded the auto parts retailer due to "muted growth." Goldman Sachs upgrades Ibotta to buy from neutral Goldman says it likes the growth opportunity for the mobile tech company.
Persons: TD Cowen, Mizuho, Goldman Sachs, Goldman, Wells, Truist, Morgan Stanley, Caterpillar, Piper Sandler, Tesla, Piper, wouldn't, it's, Baird, KeyCorp, Jefferies, it's bullish, Stock, GOOS, AppLovin, Oppenheimer Organizations: Nvidia, NVIDIA, Away Tech, Mizuho, AMD, Broadcom, UBS, Partners, Surgery Partners, Apple, VF Corp, Vans, UW, Walmart Locations: Wells Fargo, China
A Cure for Doomscrolling: Shaming Your Friends
  + stars: | 2024-10-01 | by ( Amanda Hoover | ) www.businessinsider.com   time to read: +9 min
For The New York Times' games app, it filled me with ire; I can't do a Sunday crossword in 10-minute increments. One downloaded it, restricted TikTok, and then texted me: "I'm currently scrolling on TikTok and plan to all day. Royce Branning, a cofounder of Clearspace, says the company started testing the friends feature after hearing that users were taking screenshots of their Clearspace screen tracking and sharing it with one another. I'm not sure where my friends spent all their screen time, but being on a phone doesn't inherently ruin your life. Maybe logging in to an app like Clearspace with friends, family, and romantic partners could help people police each other.
Persons: we've, Y Combinator, I'd, Clearspace, David McCullough, Erling Kagge, Royce Branning, Branning, I'm, Eric, Adams, Jason Nagata, Nagata, , you'd Organizations: Facebook, New York Times, New York City, University of California, American Academy of Pediatrics Locations: New York, San Francisco
CNBC Daily Open: Time to look at AI-adjacent plays
  + stars: | 2024-09-26 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Stoxx Europe 600 Bank Index fell 0.73% as investors monitored UniCredit's potential merger with Commerzbank . Done selling NvidiaNvidia CEO Jensen Huang is done selling the company's stock for now. In March, Huang set out a plan to sell up to six million Nvidia shares by first quarter of 2025.
Persons: Jensen Huang, Huang, Meta Organizations: CNBC, Dow Jones, Nasdaq, Commerzbank, Google, Microsoft Google, European Commission, European Union, Microsoft, Nvidia, Bain & Company, Labs, Hewlett Packard Enterprise Locations: Europe
Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.
Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite
In fact, couple's counseling has felt more like I'm getting my Ph.D. in Adulting with a focus in Handling Situations Maturely from Solutions University. Despite its challenges, couples therapy has also been enlightening and emotionally rewarding. Couple's counseling, as she reminds me, is not about taking sides or proving who's right or wrong. Couples counseling is not a diaryI was convinced that every session would be like writing in my personal diary. It's just about recommitting to each other over and over againYou're not graded in couple's therapy.
Persons: , we're, It's Organizations: Service, Solutions University, Business Locations: Adulting
Here are the biggest differences and culture shocks I experienced while living in Puerto Rico. I immediately admired the welcoming attitude of the people I met in Puerto RicoI appreciated the calm environment in Puerto Rico. I wouldn't trade my time in Puerto Rico for the worldI'll always cherish my time in Puerto Rico. AdvertisementThough the relationship that brought me to Puerto Rico didn't last, the island left a mark on me. I cherish the memories I made, and a piece of my heart will always remain in Puerto Rico.
Persons: , Fallon Shay, I'd, mealtimes, I've Organizations: Service, Business, Puerto Rico didn't Locations: New Jersey, Peru, San Juan , Puerto Rico, Puerto Rico, Manhattan, San Juan, Spanish, Puerto, Northeastern
Here are the biggest calls on Wall Street on Tuesday: Wells Fargo initiates Rollins as overweight Wells says it's bullish on shares of the pest control company. Goldman Sachs reiterates Disney as buy Goldman said it's sticking with its buy rating following Disney's biennial D23 fan event in California. " Wells Fargo initiates ITeos Therapeutics at overweight Wells said in its initiation of coverage into ITeos that the biotech company has multiple catalysts ahead. Bank of America reiterates Lyft as buy The bank said the ride sharing company is trading at a "significant discount." Wells Fargo reiterates Home Depot as overweight Wells says investors should buy the dip in Home Depot shares following earnings Tuesday morning.
Persons: Wells, Rollins, it's bullish, Goldman Sachs, Goldman, Bernstein, WBD, BTIG, Eli Lilly, Stifel, Lyft Organizations: Wells Fargo, Disney, UBS, JPMorgan, Netflix, Mizuho, Palo Alto, Barclays, Dell, DELL, Citi, Sales, Warner Brothers Discovery, ITeos, " Bank of America, Bank of America, Co, McCormick &, Depot, Amazon Locations: California, Turkey
Gen Alpha is poised to be the most online generation, with AI and other inevitable advancements in technology and social media. I loved the phone, but using it for a week also made me realize how complicated excessive social media use is to solve. AdvertisementIt all reminded me of a conversation I had earlier this year with an ex-digital brand strategist about reducing social media use. I'd see memes from friends who forgot to text my Gabb phone and would get sucked right back into social media. Plus, the only reason I have social media boundaries at all is because I grew up being encouraged to have hobbies.
Persons: , I've, Alpha, Julia Pugachevsky, it'd, Sabrina Carpenter's, GabbMessenger, It's, they'll Organizations: Service, Business, Apps, Spotify
Opinion | Tim Walz Is Vibing
  + stars: | 2024-08-09 | by ( Michelle Cottle | Ross Douthat | ) www.nytimes.com   time to read: +39 min
michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.
Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, , Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, , we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, , michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, , Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan
I've always felt it to be a dangerous setup for both parent and child. My daughter looks up to meI've noticed my daughter's eyes scanning me for clues on how she should show up. If this tiny, impressionable person wants to mimic everything I do, I've had to start asking myself: What exactly am I doing? AdvertisementThe author's daughter looks up to her. I also make sure she sees me enjoying my coffee in my expensive porcelain china instead of the chipped promotional mugs.
Persons: , I've, she'll, adorably, it's, Amanda Miller Littlejohn Organizations: Service, Business
Sometimes, what separates successful people from everyone else isn't what they say — it's what they don't say. Other sayings, like "keep me in the loop" or "just checking in," can unintentionally come across as passive-aggressive, Slack executive Jaime DeLanghe told CNBC Make It in 2022. In particular, the best employees typically steer clear from these three phrases and sayings, according to CEOs, psychologists and linguistics experts:'It is what it is'There's one phrase bosses and colleagues don't want to hear when they're facing a problem at work: "It is what it is." Using it, however, can appear highly passive to other people and tarnish their trust in you, McWhorter said. That means there's one sentence that can frustrate such CEOs: This is how we've always done it.
Persons: Duolingo, Slack, Jaime DeLanghe, John McWhorter, Bill Gates, You've, McWhorter, Cortney S, Warren, it's, Jason Buechel, Buechel, Jamie Dimon, Andy Jassy Organizations: LinkedIn, CNBC, Columbia University, Amazon, JPMorgan Chase
Office jargon is another corporate relic that Gen Z is unsubscribing from, refusing to "circle back" or get their "ducks in a row." "Gen Z isn't playing the corporate language game," Emily Durham, a recruiter and popular TikToker, told Business Insider. About 60% of the Gen Z and millennials surveyed said this workplace jargon felt like another language, and two-thirds thought their colleagues overdid it. Jargon is exclusionaryThe "corporate accent" is also joining jargon on the list of workplace cultures that Gen Z is resisting. But another may also be how educated Gen Z is on the roots of some of these things.
Persons: , Emily Durham, Z, millennials, Durham, belligerently, Lisa Beasley, Nick White, Erin, Gen Z, somebody's, Gen Zers, hasn't, I've Organizations: Service, Business Locations: Durham
Insider Today: The world's meanest app
  + stars: | 2024-07-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Buying a home is an absolute disaster, but this 19-year-old real-estate agent has a unique way of showing you homes quickly. On the agenda today:This story is available exclusively to Business Insider subscribers. Getty Images; Jenny Chang-Rodriguez/BIShow me the profitsAs businesses continue to figure out ways to leverage generative AI, investors are starting to wonder: How can this help the bottom line? The world's meanest app.
Persons: , it's, Matt Turner, Stocks, Jenny Chang, Rodriguez, Elon Musk's, Alyssa Powell, They're, Altman's, Alvaro Dominguez, — Mark Moran Organizations: Service, Business, Getty, Apple, Microsoft, Meta, Nvidia, Lazard
After all, I knew perfectly well what I'd signed up for: learning Portuguese from the biggest asshole on the App Store. It might be an overstatement to call tough love the secret sauce for engaging Gen Z customers. It followed that in 2023 with a send-up of personal-injury-attorney TV ads: "Lawyer Fights Duolingo Owl for $2,700,000." Despite the research, Duolingo insists its guilt-tripping notifications do the trick of enticing people to drop whatever they're doing to log on to the app. When Duolingo's head of product, Cem Kansu, posted a thread in 2020 about the success of "the passive aggressive reminder," several unhappy Duolingo users chimed in.
Persons: I'd, Locations: Lisbon
How the hedge fund superstar went extinct
  + stars: | 2024-07-23 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
But for now, we're examining how the hedge fund superstar has gone extinct . The big storySo long, superstarGetty Images; Alyssa Powell/BIWhere have all the hedge fund superstars gone? AdvertisementIn years past, even rubbing shoulders with a legendary hedge fund manager was enough for aspiring fund managers to raise capital. Meanwhile, the hedge fund industry has also evolved. Aaron Weiner, a 31-year-old from Coatue, got a multibillion-dollar check from Millennium for his to-be-launched hedge fund .
Persons: , Kamala Harris, Harris, Alyssa Powell, Insider's Linette Lopez, Julian Robertson, Griffin's, Izzy Englander's, Goldman Sachs, Jared Siskin, Bobby Jain, it's, Aaron Weiner, Jonathan Xiong's, Maja Hitij, Carl Godfrey, Apple, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democratic, Democratic Party Convention, Business, Getty, Management, Goldman, Madison, Park Conservancy, Citadel, Credit Suisse, Jain, ExodusPoint, Investment Partners, Blackstone, Elon Musk's, Big Tech, Bank of America, BI Founders, Forge, Apple, Google, General Motors Locations: Venture, Wall, Park, Coatue, Miami, London, New York
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