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Insider Today: Mark Cuban vs. Big Pharma
  + stars: | 2024-08-04 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
But first: Big Tech reporting for duty. AdvertisementEven before Amazon, Apple, Meta, and Microsoft reported earnings, investors' focus was clear. Meta CEO Mark Zuckerberg didn't shy away from his intention to keep plowing money into AI, but investors didn't mind. Softening demand from shoppers for Amazon led to a miss in reported net sales and a weaker-than-expected sales forecast for the third quarter. Also read:Getty Images; Jenny Chang-Rodriguez/BIMark Cuban's pharma missionIn 2022, Mark Cuban launched a low-cost online pharmacy with the goal of cutting drug prices for consumers.
Persons: , Jeff Bottari, Rebecca Zisser, Tesla, Mark Zuckerberg, iStock, That's, Gen, Zers, Tyler Le, Tetiana Lazunova, Jenny Chang, Rodriguez, Cuban's, Mark Cuban, somebody's, Emily Durham Organizations: Service, Business, Big Tech, Getty Images, Apple, Meta, Microsoft, Apple Intelligence, Amazon, pharma, Cuban's pharma, Cost, Pfizer, Novo Nordisk Locations: China
The much-hyped cage fight between Elon Musk and Mark Zuckerberg didn't materialize last year. But Musk said it would've been a "short fight" if it had taken place. "Zuck is a little fella, so that would be a short fight lol," Musk said on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk didn't get to fight Mark Zuckerberg last year, but he reckons it would have been a quick one if it had taken place.
Persons: Elon Musk, Mark Zuckerberg, Musk, would've, , Elon, Nicolás Maduro's, Maduro Organizations: Elon, Service Locations: Venezuela
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMeta CEO Mark Zuckerberg didn't let the tomatoes touch after he cut them into perfectly uniform slices. "In our company, I want every engineer and every software developer to have an AI or many AIs," Huang said to Zuckerberg. Huang and Zuckerberg have big stakes in that vision coming true, according to Paul Baier, CEO and principal analyst at GAI Insights. Huang needs to ensure LLMs keep building with Nvidia chips and Zuckerberg needs Huang's credibility to bolster his semi-open-source strategy.
Persons: , Mark Zuckerberg didn't, Huang, Zuckerberg, Google's, Meta's, Meta, Paul Baier, Baier Organizations: Service, Business, Nvidia, Meta, Microsoft, AIs Locations: Hawaii
Read previewMark Zuckerberg has certainly stunned the world with his transformation from a hoodie-loving nerd to a chain-wearing tech bro. Mark Zuckerberg emails Peter ThielJanuary 4, 2020 pic.twitter.com/0oqreeFKUO — Internal Tech Emails (@TechEmails) July 7, 2024Interestingly, Zuckerberg wasn't the only one who saw himself as a youth icon. The company has seen increased competition from the likes of TikTok, which hooked users with its focus on short-form videos. Zuckerberg wrote in his post. AdvertisementThe image makeover has also delivered a huge PR boost for Zuckerberg, who wasn't always seen as the coolest guy in tech.
Persons: , Mark Zuckerberg, Peter Thiel, Zuckerberg, millennials, Jonathan Skrmetti, Thiel, I'm, might've, hydrofoiling, wasn't, Daniel Ek, Forbes, Ek, He's, he's, Zuckerberg didn't Organizations: Service, Facebook, Business, Meta, BI Locations: Tennessee, USA, Cambridge
Turns out, if you're Elon Musk, the biggest birthday present you can gift to a tech world nemesis may just be yourself. All of this is to say that one day after Mark Zuckerberg's 40th birthday, Elon Musk is back on their old beef, bringing up that fight he challenged Zuckerberg to last year. "I'm up for a cage match if he is lol," Musk said in an X post on June 20, 2023. — Elon Musk (@elonmusk) August 11, 2023Zuckerberg, however, said Musk never made it clear when they were scheduled to glove up and face off in the ring. Advertisement"Zuck is a chicken," he wrote in an X post on August 13.
Persons: , Elon Musk, Mark Zuckerberg's, Zuckerberg, I've, Musk, Joe Biden, Donald Trump, I’ve, ake, lear, ince, ade Organizations: Service, Business, ust Locations: lon, usk, lade
Read previewNoah Kagan, an early Facebook employee, may have worked for Mark Zuckerberg for only nine months, but he says the brief stint taught him a lot about Zuckerberg's management style. Then I got fired," Kagan wrote in an X post on Tuesday before launching into what he said were the "10 non-obvious lessons" he picked up from Zuckerberg. Kagan joined Facebook as a product manager in 2005, the same year Zuckerberg dropped out of Harvard University to run the company full time. Representatives for Kagan and Zuckerberg didn't immediately respond to a request for comment from Business Insider sent outside regular business hours. Zuckerberg told employees in January 2023: "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."
Persons: , Noah Kagan, Mark Zuckerberg, Kagan, Zuckerberg, uPGrc5aq6V — Noah Kagan, Mark, he's, Zuckerberg didn't, Meta Organizations: Service, Facebook, Zuckerberg, Business, Harvard University, Harvard, LinkedIn, Business Insider, Meta
Mark Zuckerberg has been quietly snapping up massive chunks of real estate for years. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMark Zuckerberg is one of the world's richest people, and his multimillion-dollar real estate portfolio reflects that. AdvertisementZuckerberg's real estate portfolio has an assessed value of around $200 million, according to Business Insider calculations based on property assessments. Here's what we know about his real estate.
Persons: Mark Zuckerberg, He's, , he's, Zuckerberg didn't Organizations: Service, Facebook, Forbes, Iconiq Locations: Silicon, California
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
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta is spending billions of dollars on Nvidia's popular computer chips, which are at the heart of artificial intelligence research and projects. In December, tech companies like Meta, OpenAI and Microsoft said they would use the new Instinct MI300X AI computer chips from AMD. Meta is currently training Llama 3 and is also making its Fundamental AI Research team (FAIR) and GenAI research team work more closely together, Zuckerberg said. Shortly after Zuckerberg's post, LeCun said in a post on X, that "To accelerate progress, FAIR is now a sister organization of GenAI, the AI product division."
Persons: Mark Zuckerberg, Zuckerberg, Raymond James, Meta, Yann LeCun, LeCun, Jensen Huang, Zuckerberg's, Kif Leswing Organizations: Meta, Nvidia, Zuckerberg, eBay, Microsoft, AMD, AI Research, FAIR, Apple Locations: Menlo Park , California, San Francisco
Meta's top AI scientist urged Mark Zuckerberg to make a ChatGPT rival, the New York Times reports. Yann LeCun warned that Facebook and Instagram could potentially go extinct if Meta didn't act. If Meta didn't buckle down on its AI efforts, Facebook and Instagram could go extinct, LeCun warned, according to the report. "I have been thinking about what you said," the CEO told LeCun during a dinner that evening, a person familiar told the Times. Meta didn't immediately reply to Business Insider's request for comment from Zuckerberg or LeCun.
Persons: Mark Zuckerberg, Yann LeCun, Meta, , OpenAI, Zuckerberg, Instagram, LeCun, Meta didn't, Josh Hawley of, Richard Blumenthal, Meta wasn't, OpenAI —, didn't, Paris Hilton, Snoop Dogg Organizations: New York Times, Facebook, Meta, Service, Times, 4chan, Tech, Google, Microsoft, Paris Locations: Menlo Park , California, Josh Hawley of Missouri, Connecticut
Elon Musk shouldn't hold the power to "determine the course of a war," Bob Geldof told CNBC. Geldof also said Musk and Mark Zuckerberg are responsible for bullying and trolling on their platforms. AdvertisementBob Geldof, who organized the Live Aid charity concerts in the 1980s, said it's "just wrong" for Elon Musk to be able to "determine the course of a war." Advertisement"Starlink was not meant to be involved in wars," Musk told Isaacson, according to an excerpt from the book . AdvertisementIn his view, Musk and Zuckerberg are responsible for bullying and trolling on their platforms.
Persons: Elon, Bob Geldof, Geldof, Mark Zuckerberg, , it's, Elon Musk, Musk, Walter Isaacson, Musk's, Isaacson, didn't, Zuckerberg, isn't, Zuckerberg didn't Organizations: CNBC, Service, Live Aid, Musk's SpaceX, Netflix, Facebook, Business, Meta Locations: Ukraine
It looks like Zuckerberg didn't need to wait for a cage match to land some punches on Musk. It looks like Mark Zuckerberg didn't need to wait for a jiu-jitsu cage match with Elon Musk to land some punches on the Twitter owner — the Zuck has already started sassing Musk in posts on Threads. Meta launched its new text-based app, Threads, on Wednesday. And it looks like Zuckerberg is taking the first shot by hitting Musk where it hurts — making Threads the "anti-Twitter." said a user named mikedavismma.
Persons: Zuckerberg, they're, Mark Zuckerberg, Elon Musk, , sassing, Elon, Zuck, witter, arth, ike Z, hreads, ike, eople, hough, ong, ake, T witter Organizations: Twitter, Meta Locations: usk
Mark Zuckerberg has taken to improving his physique as he gets more interested in jiu-jitsu. In May, Zuckerberg participated in his first tournament and was choked unconscious, NYT reports. The road to Mark Zuckerberg's gold and sliver medals at a recent jiu-jitsu tournament apparently came with a few bumps, according to a new report. Zuckerberg didn't respond to a request for comment from the Times, and Meta, where Zuckerberg is CEO, didn't respond to a request from Insider. "I really like watching UFC because I also like doing the sport," Zuckerberg told Joe Rogan.
Persons: Mark Zuckerberg, Zuckerberg, Zuckerberg's, José Lucas Costa da Silva, he'd, Costa da Silva, Khai Wu, Conor McGregor, , Joe Rogan Organizations: Meta, New York Times, Facebook, Times, UFC Locations: Brazilian, Meta, Brazil, Thai
Meta's foraying into generative AI amid a rush into the technology following ChatGPT's popularity. Mark Zuckerberg said Meta will be creating a new "top-level product group" focused on generative AI. But Meta lost nearly $14 billion in 2022 amid its relentless pursuit of the metaverse. Meta's foray into generative AI follows a big rush into the technology after chatbot ChatGPT went viral. His relentless pursuit into the metaverse cost Meta $13.7 billion in 2022.
In a new podcast interview, a Meta exec talked about what CEO Mark Zuckerberg is like. She said Facebook's pivot from desktop to mobile was an early example of his leadership and vision. In 2012, Zuckerberg wanted to shift Facebook's users and the company's design priorities from desktop to mobile. During the same amount of time, Facebook's mobile daily active users increased 34% year over year, and its mobile monthly active users grew 26% year over year. Zuckerberg pivoted Facebook to become Meta last year, a huge bet on the company's aspirations in the metaverse.
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