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☆ I tried Snap's AR glasses, Spectacles. They're a good start to get Gen Z users interested in smart eyewear.
▼ + stars: | 2024-11-19 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

AdvertisementSnap's new Spectacles offer AR features like piano lessons and video calls. While the Vision Pro is a heavier corded headset, Meta's smart glasses are more like sunglasses with a camera and an AI assistant. AdvertisementSome features were clunky but impressiveOne of the Spectacles Lenses offered virtual piano lessons. AdvertisementGoogle tried and failed to break open the smart glasses market in the past, but that hasn't stopped CEO Mark Zuckerberg from showing off another pair of smart specs, Orion, at Meta Connect in September. AdvertisementI was impressed by the Spectacles demo, but I'm still waiting for a feature that makes them feel like a must-have.

Persons: Meta's Ray, Jordan Hart, They're, Evan Spiegel, I've, It's, hasn't, Mark Zuckerberg, haven't, Peter Kafka, Orion, they're, I'm Organizations: Apple's Vision, Apple Vision, Google, Meta Connect

☆ Grocery prices are high. Trump’s mass deportations could make matters worse
▼ + stars: | 2024-11-18 | by ( Matt Egan | Maya Blackstone | ) edition.cnn.com time to read: +9 min

Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.

Persons: Donald Trump, Trump, you’re, ”, Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, “, ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, —, ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland

☆ From Jeff Bezos to Mark Zuckerberg, here are the billionaires investing in robots
▼ + stars: | 2024-11-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: 1 min

Elon MuskTesla Optimus robot prototypes walk onto a stage. Screengrab from We, Robot livestreamElon Musk has been working on the Optimus humanoid robot for years. At Tesla's Robotaxi event last month, the robots poured drinks and played rock-paper-scissors with guests (though they were remotely controlled by humans). Outside Tesla, Musk personally invested in Vicarious when it was an AI startup working on general intelligence for robots. Vicarious has since been acquired by Intrinsic, an AI robotics company at Google's parent company, Alphabet.

Persons: Elon, Robot livestream Elon Musk, Musk, Tesla

☆ I've had Bluesky for less than a week. Here's how to get started with the competitor to Elon Musk's X.
▼ + stars: | 2024-11-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementBluesky has seen a surge in users after the US election and as X introduces new terms of service. Bluesky is having quite the week as millions of people flock to sign up in the wake of the US election and new terms of service coming to X. Bluesky had 17 million users as of Friday, according to a live stat-tracker by a Bluesky developer. As departure announcements and Bluesky links popped up in my X feed on Wednesday, I became curious to see how the app attracted so many new accounts. Jordan Hart/BIBluesky's posts, known as "skeets," work similarly to posts on X (previously known as "tweets").

Persons: Bluesky, Jack Dorsey, Elon Musk, Donald Trump, X, they'd, Mark Zuckerberg, Jordan Hart Organizations: Twitter Locations: Bluesky

☆ Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
▼ + stars: | 2024-11-16 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Now, ValueAct has engaged another titan of the market, Meta Platforms, announcing an approximately $1 billion dollar position in the company. With the stock price up about 56% in 2024, ValueAct still sees significant untapped value in Meta. ValueAct has shown at Microsoft and Salesforce that it is very good in helping companies trim fat and build muscle. The AI spending, while concerning to some in the market, can be the muscle that strengthens Meta's core FoA business. It should more than justify Meta's AI spend.

Persons: ValueAct, Mason Morfit, Mark Zuckerberg, OpenAI's GPT, Meta, Martha Stewart Living, Ken Squire Organizations: Reality Labs, Facebook, Microsoft, Meta, RL, Spotify, OpenAI, Adobe, New York Times, Expedia, Century Fox, KKR, 13D Locations: Salesforce

☆ I was Twitter's head of content strategy. Bluesky has the edge over Threads to be the new Twitter as people leave X.
▼ + stars: | 2024-11-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

AdvertisementUsers and brands, like former CNN anchor Don Lemon and The Guardian, have been leaving X.Gordon MacMillan, ex-head of content strategy at Twitter, says Bluesky is most like the old Twitter. This as-told-to essay is based on a conversation with Gordon MacMillan, who was previously the head of content strategy at Twitter. Bluesky feels familiar to Twitter usersBluesky, I think, is the most like the old Twitter and feels more familiar than Threads, which doesn't have Twitter-style lists and can be hard to organize content on. They have tweaked Threads and made improvements, but Bluesky feels more familiar, even beyond the use of the color blue. It feels like BlueSky and Threads have a much better environment.

Persons: Don Lemon, Gordon MacMillan, Bluesky, Elon Musk, Donald Trump, Musk, X, it's, Jack Dorsey, BlueSky, Mark Zuckerberg Organizations: CNN, Guardian, Twitter, Facebook, Elon, Trump, Business Locations: Israel

☆ Get to the office if you want a promotion, ex-Google CEO says
▼ + stars: | 2024-11-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Major tech companies have cracked down on fully remote work, including Amazon, Google, and Meta. Get into the office and soak up the knowledge within its walls, Google's former CEO says. Studies have also suggested that being fully remote decreases workers' productivity. Companies, including Amazon, JPMorgan, and Goldman Sachs, have ditched their remote work policies for full return-to-office mandates, with some even threatening to track performance or terminate those who don't comply. However, Google assured workers in October that it would not follow Amazon's expectations for staff to come into the office five days a week.

Persons: Eric Schmidt, Schmidt, —, unravels ChatGPT, Goldman Sachs, Mark Zuckerberg, Sam Altman, Eric misspoke Organizations: Amazon, Google, Service, Technologies, Street, Stanford's Institute for Economic Policy Research, Companies, JPMorgan, Meta, Fortune, Stanford University

Mark Zuckerberg and T-Pain collaborated to release one of the most unforeseen songs of the year on Wednesday: an acoustic version of Lil Jon & the East Side Boyz’s "Get Low." Singer-songwriter and producer T-Pain followed suit, sharing the same image and referencing Zuckerberg as "Z," a nod to the pair's moniker on the track, Z-Pain. The collaboration was an anniversary present for Zuckerberg's wife, Priscilla Chan, according to his Instagram post announcing the song's release. T-Pain wrote on Instagram, "Z-Pain has arrived … Get Low by zuck and me out now." "Z-Pain's" version has a much slower tempo, complete with Zuckerberg's auto-tuned vocal serenade and a cameo from T-Pain.

Persons: Mark Zuckerberg, Lil Jon, Singer, Zuckerberg, Priscilla Chan, Priscilla, … Organizations: Facebook, Spotify, zuck

☆ Trump victory may give TikTok a lifeline to remain in the U.S.
▼ + stars: | 2024-11-14 | by ( Jonathan Vanian | Jonathan Vanian Is A Technology Reporter For Cnbc.Com | ) www.nbcnews.com time to read: +6 min

In April, President Joe Biden signed a law that requires China’s ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. At TikTok, meanwhile, Chew has remained quiet since Trump’s victory, just as he had been in the lead-up to Election Day. In his March interview with “Squawk Box,” Trump said Meta, which owns Facebook and Instagram, posed a much bigger problem than TikTok. Since launching his TikTok account in June, Trump has amassed over 14 million followers.

Persons: Donald Trump, Tim Cook, Meta’s Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump’s, Trump, CNBC’s, “, Kamala Harris, “ We’re, Trump hasn’t, Vance, Karoline Leavitt, ” Leavitt, TikTok, Jeff Yass, Sarah Kreps, Chew, Long Le, Le, “ He’s, ” Le, ” TikTok, ” Trump, ”, Mark Zuckerberg, Cornell’s Kreps, Zuckerberg, ” Kreps, ” Meta, Milton Mueller, ” Mueller, Sen, Rand Paul, “ They’re, he’s Organizations: U.S, U.S ., Apple, Google, White, Democrats, Biden, Trump, Democratic, CNBC, Republican, Susquehanna International Group, NBC, Cornell University, Santa Clara University, Facebook, Meta, Georgia Tech’s School of Public Locations: U.S, Chew, TikTok, ByteDance, Yass, China, Ky

☆ Here's my playbook for how to invest in stocks during a Trump presidency
▼ + stars: | 2024-11-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

The Trust portfolio is what we use for the CNBC Investing Club. Back in April 2018, Trump ruled then-Twitter — now X and under the ownership of Trump efficiency czar Elon Musk . It was labeled "Trump stock" and a professional announcer, the deep-voice guy we used to use all of the time at the network, recorded it. I pushed the button whenever I was sure that a stock could somehow do well under the first Trump administration. There was no "Trump Stock," "Trump Stock" button pressing for Amazon that day.

Persons: Donald Trump, Trump, He's, Elon Musk, Lisa, Jeff Marks, Jeff, —, Mark Zuckerberg, Zuckerberg, Jim Cramer's, Jim Cramer, Jim, Republican Donald Trump, Andrew Kelly Organizations: Dow Jones, Trump, CNBC, Twitter, Amazon, Facebook, Meta, New York Stock Exchange, Republican, U.S Locations: Bahamas, Butler , Pennsylvania, U.S, New York City

☆ Here's the deflation breakdown for October 2024 — in one chart
▼ + stars: | 2024-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We are seeing [deflation] to some extent," said Stephen Brown, deputy chief North America economist at Capital Economics. Energy prices and electronicsGasoline prices are also "way down," Zandi said. Consumers "could get more relief there because global oil prices are soft," Zandi said. Food prices are also generally underpinned by their own unique supply-and-demand dynamics, economists said. Lower energy prices can also take pressure off food prices, as it costs less to transport and distribute food to grocery store shelves.

Persons: Stephen Brown, Mark Zandi, women's outerwear, they've, Zandi, They've, Donald Trump's, they'd, Bacon Organizations: North, Capital Economics, U.S, Moody's, Finance, CPI, Bank of America, U.S . Energy Information Administration, Consumers Locations: U.S, North America, China

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

☆ Bluesky, a competitor to Elon Musk's X, appears to be down after shooting to the top of the App Store
▼ + stars: | 2024-11-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Many people have said they're leaving Elon Musk's X in favor of Bluesky. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWith the change, X users must agree to handle all lawsuits against the site in a federal court district in northern Texas — outside the district where X is headquartered. Still, Bluesky's 16 million users are dwarfed by the 250 million people that X said in March used its site daily. Threads, a similar short-form social media app owned by Meta, now has nearly 275 million monthly users, CEO Mark Zuckerberg said in October.

Persons: they're, —, Don Lemon, Elon Musk's, Elon Musk, Bluesky, Jaz, Paul Frazee, Samuel Newman, Frazee, Bluesky didn't, Musk, Donald Trump, They've, X, Mark Zuckerberg Organizations: Elon Musk's, Service, Elon, Business, Twitter, Washington Post, Meta Locations: Texas

☆ Trump victory may provide TikTok a lifeline to remain in the U.S.
▼ + stars: | 2024-11-13 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In April, President Joe Biden signed a law that requires China's ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. Since his election, Trump hasn't publicly discussed his plans for TikTok, but Trump-Vance transition spokeswoman Karoline Leavitt told CNBC that the president-elect "will deliver." "The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail," Leavitt said in a statement. That month it was also reported that Yass was a part owner of the business that merged with the parent company of Trump's Truth Social.

Persons: Donald Trump, Tim Cook, Meta, Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump's, Trump, CNBC's, Kamala Harris, We're, Trump hasn't, Vance, Karoline Leavitt, Leavitt, TikTok, Jeff Yass Organizations: U.S, Apple, U.S ., Google, White, Democrats, Biden, Trump, CNBC, Republican, Susquehanna International Group, NBC Locations: Communist China, U.S, Smithton , Pennsylvania, Chew, TikTok, ByteDance, Yass

☆ X rival Bluesky gains 1.25 million users following U.S. election
▼ + stars: | 2024-11-13 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In this photo illustration, the Bluesky Social logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Micro-blogging startup Bluesky has gained over 1.25 million new users in the past week, indicating some social media users are changing their habits following the U.S. presidential election. "We're excited to welcome everyone looking for a better social media experience," Bluesky CEO Jay Graber told CNBC in a statement. Meta CEO Mark Zuckerberg in October said Threads had nearly 275 million monthly users. Musk in May claimed that X had 600 million monthly users, but market intelligence firm Sensor Tower pegged X's monthly base at 318 million users in October.

Persons: Elon Musk, Jay Graber, Mark Zuckerberg, Jack Dorsey, Bluesky, Dorsey, Donald Trump Organizations: U.S, Elon, CNBC, Journalists, Trump, Brazilian Supreme Court Locations: Rio de Janeiro, Brazil, U.S, Canada, United Kingdom, Seattle

☆ Silicon Valley's swing toward Trump is real. Here's the data to prove it.
▼ + stars: | 2024-11-12 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

A notable portion of Silicon Valley's electorate has steadily shifted toward Donald Trump. In Santa Clara, San Mateo and San Francisco counties, Trump's voteshare increased by several points. But with more than 76% of the votes counted in San Francisco, Santa Clara, and San Mateo counties as of Tuesday, a trend is emerging. These numbers show that Trump and Republicans are still a long way off from gaining any real majorities in Silicon Valley. AdvertisementWhile Elon Musk is based in Texas these days, many of his companies, including Tesla, are still very active in Silicon Valley.

Persons: Donald Trump, San, —, Kamala Harris, Harris, Joe Biden, Hilary Clinton, Francisco county's, Trump, Democrat —, Mark Zuckerberg, Marc Andreessen, Ben Horowitz, Horowitz, Elon, Tesla, reelect Trump, JD Vance, Peter Thiel, Ben Narasin, we've, voteshare Organizations: GOP, Service, Business, San, Apple, Google, Nvidia, State, Facebook, Meta, Republican, Trump, Democrat, Democratic, Venture, PayPal, Elon Locations: Santa Clara, San Mateo, San Francisco counties, San Francisco Bay, California, San Francisco, Mateo county, Silicon Valley, Texas, Atherton, San Mateo county

☆ Team Meta? Team Alphabet? A noted tech analyst weighs in and so does Jim Cramer
▼ + stars: | 2024-11-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While keeping buy ratings on both stocks, Nathanson raised his firm's price targets on Alphabet and Meta. In support of giving Alphabet the edge, he sees faster revenue growth from Meta but at a higher cost. For one, Meta has consistently delivered revenue and earnings ahead of consensus, rooted in stron advertising revenue from AI advancements. Bottom line Jim Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta and believes it is just about "time to buy both" of these AI and advertising leaders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: It's, Michael Nathanson —, Craig Moffett, —, underperformance, Nathanson, Jim Cramer, Trump Donald Trump's, Jim Cramer's, Jim, Mark Zuckerberg, Sundar Pichai Organizations: MoffettNathanson Research, Facebook, Meta, Reality Labs, Labs, Google, Tech, Trump, CNBC, REUTERS Locations: Meta

☆ Activist investor ValueAct has $1 billion stake in Meta, sources say
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor ValueAct has a $1 billion stake in Facebook parent Meta , according to people familiar with the matter. ValueAct has a long history of investing in technology companies, and is generally considered to be more constructivist and collaborative than other activist funds. Meta is the parent company of Facebook, Instagram and WhatsApp. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. Morfit has also pushed for change at other, smaller technology companies, including Spotify.

Persons: Mark Zuckerberg, ValueAct, Mason Morfit, Nelson Peltz's Trian, Meta, Brad Gerstner's, Gerstner, Morfit, — CNBC's David Faber Organizations: Meta, Inc, Orion, Facebook, Disney, Nelson Peltz's Trian Partners, Microsoft, Spotify Locations: Menlo Park , California

☆ Startups are ready to thrive under Trump, but some uncertainty remains in a key corner of the space
▼ + stars: | 2024-11-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

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 . What's on deck:Markets: The Wall Streeters advising Trump's transition team on key economic appointments . But regulators launched investigations and filed lawsuits against Big Tech during Trump's first term. News briefTop headlinesAdvertisement3 things in marketsChip Somodevilla/Getty Images; Getty; Rebecca Zisser/BIWho Trump is turning to on Wall Street for advice.

Persons: —, Drew Brees, Donald Trump's, Elon, Jenny Chang, Rodriguez, Donald Trump, Elon Musk, Trump, Samantha Stokes, Riddhi Kanetkar, Helen Li, Biden, Lina Khan's, Money, Chip Somodevilla, Meta's Mark Zuckerberg, JD Vance, Khan, Zuckerberg, Amazon's Jeff Bezos, OpenAI's Sam Altman, Somodevilla, Rebecca Zisser, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Blackstone, Steve Schwarzman, Charles Schwab, Herb Sutter, Ken Griffin's, Sutter, he's, Jordan Strauss, Elon Musk's, Reddit, Lebaredian, Chelsea Jia Feng, Kamala Harris, it's, Dan DeFrancesco, Grace Lett, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Super Bowl, Tech, Trump, Microsoft, Nvidia, Big Tech, Wall, Citadel Securities, White, BI, Google, Veterans, World Meteorological Organization Locations: States, Anthropic, Reddit's, New York City, State, Azerbaijan, New York, Chicago, London

For some who’ve run afoul of Trump, the election results have sparked fresh worries that he may enter office looking for retribution. During the campaign, Trump has made different statements about whether he might target people who’ve upset him. Rep. Jim Jordan, a staunch Trump ally in Congress, said he doesn’t expect any of the prosecutors to face reprisals over Trump investigations. One former Trump White House official who has publicly spoken against Trump described feeling “scared” and declined to let their name be used. Now Fanone says he is hunkering down in his Virginia mountain-area home for fear that Trump could weaponize the police.

Persons: WASHINGTON, Olivia Troye, Trump, “ I’m, I’ll, ” Troye, “, He’s, he’s, he’ll, Joe Biden, Biden, ”, haven’t, Nancy Pelosi, Adam Schiff, Jack Smith, Smith, Jim Jordan, ” Jordan, Richard Nixon, ” Nixon, Mark Zaid, ” Zaid, Michael Cohen, Cohen, Alvin Hellerstein, who’ve, yank, JD Vance, Joe Biden’s, Hunter, Vance, podcaster Joe Rogan, ” Larry Pfeiffer, won’t, aren’t, ” Trump, Schiff, Pelosi, Dan Goldman, Trump’s, ” It’s, it’s, Michael Fanone, Fanone, “ I’ll, Hunter Biden, what’s, “ We’re, they’re, John Bolton, Bolton, Ronald Reagan’s, I’m, Susie Wiles, Pat Summerall, Jared Moskowitz, Aquilino, ” Gonell, Kamala Harris, Gonell Organizations: Trump, Democratic, White, Fox News, Sunday, CNN, Washington, CIA, Los Angeles Times, New York Democrat, Joe Biden weaponized, Department of Justice, Justice, Trump White House, D.C, Washington Post, Justice Department, NFL, ”, U.S . Capitol, Capitol Locations: United States, America, California, Manhattan, U.S, Virginia

☆ Mark Zuckerberg isn't personally liable for any harm caused to children by Facebook and Instagram, judge says
▼ + stars: | 2024-11-09 | by ( Lauren Edmonds | Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

A federal judge said Mark Zuckerberg is not personally liable in over two dozen lawsuits. AdvertisementA federal judge said Meta CEO Mark Zuckerberg is not personally liable in over two dozen lawsuits accusing his company of causing social media addiction in children. Plaintiffs said that Meta knew Instagram and Facebook posed health risks to its users, especially children. The court's ruling comes as world leaders crack down on some social media companies over claims that they are addictive to children and teens. AdvertisementIn Australia, Prime Minister Anthony Albanese this week announced plans to introduce a law banning children under 16 from having social media accounts.

Persons: Mark Zuckerberg, Meta, Instagram, —, Yvonne Gonzalez Rogers, Plaintiffs, Zuckerberg, TikTok, Anthony Albanese, Antigone Davis, Previn Warren Organizations: Facebook, Service, Associated Press, Meta, Business, Motley Rice LLC, Big Tech, Google Locations: California

☆ Elon Musk's wealth soars past $300 billion as Tesla shares climb on the back of Trump's election win
▼ + stars: | 2024-11-09 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Elon Musk's net worth has soared past $300 billion, according to the Bloomberg Billionaires Index. It comes off the back of big stock market gains for Tesla following Trump's election win. AdvertisementElon Musk's net worth has surged past $300 billion as Tesla shares climbed following Trump's election win earlier this week. Musk's fortune stands at $314 billion as of Saturday, up a handsome $50 billion since November 5, according to the Bloomberg Billionaires Index. Musk's other ventures, such as his aerospace company SpaceX, could also benefit during Trump's second term in office.

Persons: Elon, Tesla, —, Jeff Bezos, Mark Zuckerberg, Musk, Dan Ives, Ives, Francesco Trebbi, Trump Organizations: Bloomberg, Tesla, Service, Elon, Trump, EV, SpaceX, University of California, Department of Defense Locations: China, Berkeley

☆ Microsoft added AI to software it has barely touched since 1985. The results are astonishing
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

Microsoft — like its Big Tech competitors — is introducing AI to its consumer products, from virtual chatbot assistants to notetaking and editing tools. In October, Microsoft introduced a sweeping update to its Copilot virtual assistant in an effort to make it more useful and user-friendly, CEO of Microsoft AI Mustafa Suleyman previously told CNN. Microsoft users will also see AI features in Notepad, Microsoft’s writing platform, allowing them to use the new technology to help rewrite or edit sentences. For example, users can type a sentence, and then prompt the AI tool to rewrite the sentence or modify its tone or length. Apple’s “Writing Tools,” an editing tool, is similar to Microsoft’s AI features in Notepad.

Persons: Picasso, OpenAI’s Dall, it’s, Dave Grochocki, Mark Zuckerberg, ” Zuckerberg, Mustafa Suleyman Organizations: CNN, Microsoft, Big Tech, —, Windows, OpenAI, Facebook, Apple Locations: Europe, Notepad

☆ Here are Big Tech's winners and losers from Donald Trump's win, according to the market
▼ + stars: | 2024-11-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Donald Trump's election win boosted tech stocks the next day, with Tesla leading the gains. Trump's past policies reshaped tech; his second term may impact Big Tech similarly. So what has the stock market told us so far about which Big Tech companies might be winners and losers during a Trump second term? Google gainsGoogle is somewhat surprising as a big stock gainer in the past two trading days. 'Shock absorber for the consumer'Slowinski highlighted other Big Tech stocks this week in his note to investors.

Persons: Donald Trump's, Tesla, —, Donald Trump, Trump, Tim Cook, Ben Thompson, TSMC, Elon Musk, Elon, Ana Altchek, Stefan Slowinski, Mark Zuckerberg, Slowinski, Thompson, Slowinsky Organizations: Big Tech, Service, Trump, Apple, Google, Alphabet, BNP, Trump's, Democratic, Meta, Amazon, Microsoft Locations: China, Taiwan, Stratechery, North America

☆ A decade and $22 billion later, Meta's big bet on messaging is finally starting to pay off
▼ + stars: | 2024-11-07 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +5 min

The messaging app is fueling Meta's non-advertising revenue growth. That was mostly driven by WhatsApp's business messaging product, which lets companies pay to chat with current or prospective customers. Since the third quarter of 2022, Meta has repeatedly cited WhatsApp business messaging as a key source of revenue growth. AdvertisementGenerative AI could boost the efficiency of Meta's messaging business going forward, Meta CEO Mark Zuckerberg told investors in April. Still, each of Meta's messaging products is distinctly different in who it connects, where people are using it, and how Meta can monetize it.

Persons: —, WhatsApp, Meta, Matt Idema, Mark Mahaney, Mahaney, that's, Tom Alison, Mark Zuckerberg, Zuckerberg, Adam Mosseri, Crisan Organizations: Facebook, Meta, Service, Evercore ISI, Business, DMs Locations: Austin , Texas, Messenger

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