DIRS.INFO The most relevant business & tech news

NEW YORK (AP) — The Biden Administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. Millions of unauthorized accounts were opened, severely tarnishing the reputation of Wells Fargo, once among the most sterling in banking. The decision is a major victory for Wells' management and Charles Scharf, who took over as CEO in 2019. There remains in place a Federal Reserve consent order against Wells as well as a requirement by the Fed that Wells grow no bigger than its current size until it fixed its sales culture. The Fed did not immediately respond to comment, but the OCC's decision is likely to pressure the Fed to make its own decision regarding its restrictions on Wells.

Persons: —, Wells, Charles Scharf, ” Scharf Organizations: Biden, Employees, Currency, OCC, Fed Locations: Wells, Wells Fargo

☆ Putin references Russian hitman in German jail as he suggests ‘agreement can be reached’ on detained US reporter Gershkovich
▼ + stars: | 2024-02-09 | by ( Nathan Hodge | Helen Regan | ) edition.cnn.com time to read: +11 min

CNN —Russian President Vladimir Putin has suggested “an agreement can be reached” with the United States to release detained American journalist Evan Gershkovich, as he brought up the conviction of a “patriotic” Russian hitman in Germany. Gershkovich, a Wall Street Journal reporter, was arrested last March while on a reporting trip in the country. When Putin said Gershkovich was working with US special services, Carlson did push the Russian president, saying: “This guy is obviously not a spy, he’s a kid. In fact, journalists have repeatedly been requesting interviews with Putin, but the Russian President had declined to grant access. The Russian President suggested that the path to ending the war in Ukraine was through direct negotiations between Washington and Moscow.

Persons: Vladimir Putin, Evan Gershkovich, Tucker Carlson, Putin’s, Carlson, Putin, “, ” Putin, ”, Natalia Kolesnikova, Gershkovich’s, “ He’s, Evan, ” Danielle Gershkovich, Biden, Gershkovich, Paul Whelan, He’s, Vadim Krasikov, Krasikov, Viktor Bout, Brittney Griner, Whelan, “ Evan, ” “ Evan, “ We’re, Viktor Orbán, Javier Milei, Volodymyr Zelensky, “ Putin, railroaded Tucker Carlson, Jill Dougherty, Dougherty, Armin Wolf, Joe Biden, Dmitry Medvedev Organizations: CNN, Fox News, Street Journal, Federal Security Service, Novosti, US State Department, Getty, White, Russian, Street, Big Tech, International Criminal Court, Rights Watch, Russia’s, Kremlin, NATO, Republicans Locations: United States, American, Russian, Germany, Ukraine, Moscow, Europe, Russia, US, AFP, Berlin, Chechen, Ukrainian, Mariupol, Austrian, Washington, Poland, Belarus, Israel

Anheuser-Busch last year suffered a major backlash over its Bud Light marketing promotion with a transgender influencer, Dylan Mulvaney. In his Truth Social post on Tuesday, Trump appeared to be well-informed about detailed aspects of the beer company's operations. Trump wrote, "Anheuser-Busch is a GREAT American brand that perhaps deserves a Second Chance?" "Am building a list, and might just release it for the World to see," Trump wrote. Trump wrote.

Persons: Donald Trump, Busch, Dana White, Dylan Mulvaney, White, Trump, Bud, Bud Light, Kid Rock Organizations: Anheuser, UFC, CNBC, Busch, Bud Light, Trump, GREAT, TKO, Holdings, Republican Locations: Nevada, Treasure, Las Vegas , Nevada, U.S, American, Las Vegas

☆ Why influencer-marketing firm Izea is betting big on AI campaigns with a new image-generation tool
▼ + stars: | 2024-02-08 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

Read previewIf you can't beat them, join them — that's the mantra that influencer-marketing firm Izea has adopted when it comes to AI. AdvertisementAs a first step in bringing its own AI framework to reality, Izea recently launched AI "Mixers" as part of its AI offering (which it calls "FormAI"). The concept behind "Mixers" is to offer creators and brands the ability to train their own AI models. Influencers will create digital representations of themselves, while marketers can train AI models of their products. Around the same time, another survey found that over half of creators had been asked to use AI by brands.

Persons: —, Izea, Ted Murphy, Murphy, I'm Organizations: Service, Business, Dollar

☆ How Axe Body Spray is trying to move beyond teenage boys' lockers
▼ + stars: | 2024-02-07 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

If you were a teenage boy in the early 2000s, there's a good chance you wore Unilever 's Axe Body Spray at some point. Axe Body Spray entered the U.S. market in 2002, and within a decade of its arrival, Unilever was bringing in nearly half a billion dollars in domestic sales for Axe products, according to estimates from market research firm Kline & Company. But as the brand took off, its offerings rapidly expanded as it was churning out new lines of body wash and hair care. "They launched all different other products that took the advertising dollars away from the body spray itself. 1 men's deodorant worldwide, selling $1.7 billion worth of deodorant and body spray in 2022, according to Euromonitor International.

Persons: there's, John Hegarty, Bartle Bogle Hegarty, Kline, Ann Gottlieb, Stephan Kanlian Organizations: Unilever, Kline & Company, Fashion Institute, Technology's, Euromonitor Locations: London, U.S

GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. UBS said it expects to complete the merger of Credit Suisse by the end of the second quarter this year, and the merger of the two banks’ Swiss operations by the end of the third quarter. For the year, UBS took in $77 billion in new assets across its wealth-management and personal and corporate banking segments. Woes at Credit Suisse — before the UBS merger — and the two U.S. banks unsettled global financial markets in 2023. UBS said revenues jumped 35% to nearly $10.9 billion in the fourth quarter.

Persons: —, Sergio Ermotti Organizations: GENEVA, — UBS, Credit Suisse, SIX Group, UBS, U.S . Federal Deposit Insurance Corp, Valley Bank, Signature Bank, Credit Suisse —, — Locations: Swiss, Zurich, United States

☆ Eli Lilly results blow past estimates on strong Zepbound launch, surging Mounjaro revenue
▼ + stars: | 2024-02-06 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Eli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight loss drug, Zepbound, and higher prices for its blockbuster diabetes drug, Mounjaro. Zepbound, which won approval from U.S. regulators in early November, raked in $175.8 million in sales for the fourth quarter. Shares of Eli Lilly were up 5% in premarket trading Tuesday. With a market cap of roughly $673 billion, Eli Lilly is the largest pharmaceutical company based in the U.S.Eli Lilly will hold an earnings call with investors at 10:00 a.m.

Persons: Eli Lilly, Eli Lilly's, Mounjaro Organizations: LSEG, FactSet Locations: San Diego , California, U.S

The Congressional Budget Office in 2022 estimated that the tens of billions of new IRS funding provided by the IRA would increase revenues by $180.4 billion from 2022 to 2031. The IRS now says that if IRA funding is restored, renewed and diversified, estimated revenues could reach as much as $851 billion from 2024 to 2034. However, House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress last summer. IRA funding "is enabling the IRS to reverse this trend,” Leiserson said. The tax gap — which is the difference between taxes owed and taxes paid — has grown to more than $600 billion annually, according to the IRS.

Persons: Joe Biden's, Lael Brainard, Brainard, Greg Leiserson, Leiserson, — Organizations: WASHINGTON, IRS, Treasury Department, Democrats, Congressional, Office, Republicans, Congress

☆ JPMorgan Chase to open more than 500 new branches in the next 3 years
▼ + stars: | 2024-02-06 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

The bank, which already boasts the largest number of branches compared to its competitors in the United States, said it would open more than 500 new Chase branches and hire 3,500 employees in the next three years. JPMorgan said it plans to expand its footprint in cities like Boston, Minneapolis, and Charlotte, North Carolina. Morgan” branches, its higher-end offering for more affluent customers, across the country. Morgan” branches were previously First Republic branches, JPMorgan said. JPMorgan purchased most of First Republic Bank in May after it joined a string of regional bank failures in the spring of 2023.

Persons: JPMorgan Chase, we’re, ”, Marianne Lake, ” Jeremy Barnum, J.P, Morgan ” Organizations: CNN, JPMorgan, Chase, Bank of America, First Republic Bank Locations: United States, Boston , Minneapolis, Charlotte, North Carolina, Wells Fargo, Bankrate, New York, San Francisco, Republic

☆ Here's why Apple stock is still worth holding despite Wall Street's shortsightedness
▼ + stars: | 2024-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.

Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles

And there’s a good chance that all three legal dramas see major movement next week. New York Attorney General Letitia James is seeking a staggering $370 million penalty from Trump. Trump is already siphoning a portion of his political donations to pay legal fees associated with the 91 criminal charges filed against him in four indictments. In 2023 alone, The New York Times reported , Trump spent roughly $50 million in donor money on legal bills and investigation-related expenses. The Best Cartoons on Donald Trump View All 280 ImagesIn December, the Colorado Supreme Court found Trump ineligible to hold office under the 14th Amendment of the Constitution.

Persons: Donald Trump, Judge Arthur Engoron, Trump, Engoron, Letitia James, E, Jean Caroll ., United States ”, “, –, ” Trump, Mitch McConnell, impeaching Trump Organizations: New York, Trump, Republican, New York Times, Donald Trump View, Colorado Supreme, United, Amicus, New, U.S ., Appeals, Circuit, Capitol, Justice Department, Republicans Locations: Washington, Colorado, United States, New York

The results will either buttress Trump's claims of massive wealth or expose him as a poseur. The biggest potential judgment comes in the civil fraud case brought by New York Attorney General Letitia James. The court has already determined that Trump committed fraud by securing loans through false financial statements – including inflating the value of his properties. The fraud case is more complicated, experts say, since there was no clear victim identified. Judge Arthur Engoron, who will deliver the judgment on financial damages as well as the fate of Trump's businesses in New York, hasn't been sympathetic to the idea that Trump's fraud caused no harm.

Persons: Donald Trump, ”, Trump, E, Jean Carroll –, Laurie Levenson, Levenson, Carroll, Letitia James, Gregory Germain, Arthur Engoron, hasn't, Germain, He's, Anna Cominsky, –, William Thomas, Stephen M, Thomas, James, hamstringing Trump Organizations: Trump, New, Forbes, Bloomberg, Loyola Law, New York, Syracuse University, Donald Trump View, New York University Law, Federal, Commission, America, PAC, Ross School of Business, University of Michigan Locations: New York, Engoron

☆ Why don't many executives take pay cuts to avoid layoffs? An ex-Microsoft HR VP explains.
▼ + stars: | 2024-02-01 | by ( Chris Williams | ) www.businessinsider.com time to read: +6 min

The executives in charge never seem to pay a price for the pain they cause, and here are several reasons why. AdvertisementFor these companies, cutting 10,000 employees saves them in the neighborhood of a billion dollars a year in costs. More importantly, boards see handcuffing the executive to the stock price roller coaster as a good thing. If they take action that increases the company's value and its stock price, everyone wins. The difference then is the stock package and the stock price — just what the boards of these companies want.

Persons: —, there's, I've, Google's Sundar Pichai, Satya Nadella, it's, Sundar, you'll, They're, Sundar Pichai, Tim Cook, Chris Williams Organizations: Service, Microsoft, Business, Apple

☆ To stream or not to stream: Hollywood studios could send more films to the big screen as Wall Street pushes for profits
▼ + stars: | 2024-01-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Since it came out on Jan. 12, the $36 million film has tallied $83 million globally, according to data from Comscore. Low-budget films are typically those that cost under $20 million — films from the horror genre often fall in this category, as well as some independent features. The annual box office those years reached $11.9 billion and $11.4 billion, respectively. Domestic wide releases by year 2017 — 107 wide releases2018 — 112 wide releases2019 — 112 wide releases2020 — 32 wide releases2021 — 67 wide releases2022 — 71 wide releases2023 — 95 wide releases * Wide releases are any films that debut in more than 2,000 locations. Source: ComscoreIn 2023, 95 films had wide releases, 15% fewer titles than pre-pandemic times, and the box office barely surpassed $9 billion.

Persons: Bebe Wood, Renee Rapp, Avantika, Eric Handler, Roth, Paul Dergarabedian, Demeter, — Organizations: Plastics, Paramount Paramount, Paramount, Wall Street, Street, Netflix, Disney, Universal, Warner Bros Locations: Comscore

☆ We're raising our Alphabet price target after earnings that shouldn't have dinged the stock
▼ + stars: | 2024-01-30 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. However, it wasn't enough to jump over the high expectations that come with a stock trading at all-time highs. Google Search sales in Q4, by far the largest contributor to overall revenue, gained 12.7% to a lower-than-expected $48.02 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Copilot, Ruth Porat, We're, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: LSEG, Wall Street, Google, Management, NFL, Microsoft, Google Network, Google Services, Web Services, CNBC, Washington, Santiago, Getty Locations: Hudson Square, New York City

☆ Elon Musk compares the AI race to playing poker — you need to spend billions every year just to sit at the table
▼ + stars: | 2024-01-29 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Read previewElon Musk has compared the AI arms race to a high stakes game of poker, with companies needing to spend billions on AI hardware just to stay competitive. "Tesla will spend more than that on Nvidia hardware this year. The table stakes for being competitive in AI are at least several billion dollars per year at this point," he added. AdvertisementThe billionaire previously said on X that Tesla is an AI and robotics company rather than a carmaker. In a post on X, he said he was "uncomfortable" building up Tesla's AI capacity without having more control of the company.

Persons: —, Elon, Tesla, Mark Zuckerberg, Musk Organizations: Service, Business, Nvidia, eBay, AMD, SpaceX

☆ These 6 stocks will be non-AI winners of an AI boom, says Scotiabank
▼ + stars: | 2024-01-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

While demand for artificial intelligence applications is seeing rapid growth, several non-tech companies are well-positioned to benefit directly from the AI boom over the next few years, according to Scotiabank. This is because although GPUs, the specialized chips that power AI applications, are more efficient, they consume more than twice as much electricity to operate compared to non-AI chips such as CPUs. The Scotiabank analysts named six stocks that they think are well-positioned to capitalize on surging demand for data centers and renewable energy from AI applications. Meanwhile, earlier this week, fellow data center firm Equinix launched a new cloud service that will allow companies to manage their Nvidia AI supercomputing infrastructure to build AI applications. Due to their massive, power-hungry data centers, Scotiabank noted that the tech companies are the largest corporate consumers of renewable power.

Persons: Equinix, AI's Organizations: Scotiabank, Analysts, Digital Realty, Digital, Nvidia, supercomputing, JV, Big Tech, Google, Microsoft, NextEra Energy, NextEra Energy Partners, Brookfield Renewable Partners, Big

☆ What is catfishing and what can you do if you are catfished?
▼ + stars: | 2024-01-29 | by ( Sen Nguyen | ) edition.cnn.com time to read: +16 min

In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole. A 2019 study found that young LGBTQ+ men in rural America experiencing catfishing on dating apps felt angry and fearful. She also emphasized the need to recognize today’s loneliness epidemic, which “leads people to perhaps be more susceptible to catfishing scams,” she said. Catfishing is not explicitly a crime, but the actions that often accompany catfishing, such as extortion for money, gifts or sexual images are crimes in many places. In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole.

Persons: CNN —, Nev Schulman, “ Megan ”, Schulman, Evita, scammers, Catfishing, Snapchat, ”, Ngo Minh Hieu, Chong, Hieu, Wang, “, It’s, Fangzhou Wang, ” Wang, Maryna, WeChat Organizations: CNN, Cybersmile Foundation, Federation University, Fraud Intelligence, INTERPOL, Research, US Federal Trade Commission, SMS, University of Texas, Arlington, Getty, Facebook, UNICEF Locations: Alaska, Australia, Singapore, Southeast Asia, France, Germany, India, cryptocurrency, Vietnamese, America, catfishing, China, Cybersecurity, Australian

☆ Publicis just laid down the gauntlet on the ad industry by pledging to invest more than $300 million in AI
▼ + stars: | 2024-01-25 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

In an hour long video presentation, Publicis execs laid down the AI gauntlet to its competitors as Madison Avenue reckons with how AI technology will transform — and challenge — the ad business. It bought first-party data platform Epsilon in a $4.4 billion 2019 acquisition. "We're in such a fantastic position to leverage AI better than our competition," said Carla Serrano, Publicis Groupe global chief strategy officer in an interview. "There's no such thing as AI without great data and we have connected, proprietary data, and we're a platform company," she added. Publicis said it plans to invest 100 million euros, around $109 million, in building the AI platform in 2024.

Persons: Groupe, execs, Publicis, CoreAI, Sapient, Carla Serrano, Serrano, Michael Farmer Organizations: Business, Madison, reckons, Microsoft, Labs, Epsilon, WPP, Havas, Publicis Groupe, Google, Tech

The state House will be tied 54-54 until at least April, when special elections for two open seats are set to be held. "We will build a Michigan where if you get knocked down, you have the support you need to get back up. Political Cartoons View All 253 ImagesMuch of work highlighted in Whitmer's speech aligned with the key issues that national Democrats are stressing ahead of the November election. It remains to be seen how soon, if at all, Whitmer's initiatives will be brought before state lawmakers. Democrats are expected to win both seats easily, which would allow them to push through their agenda beginning in late April.

Persons: Gretchen Whitmer, ”, Whitmer, “, Joe Biden's, Matt Hall, Aric Nesbitt Organizations: —, Democratic Locations: LANSING, Mich, — Michigan, State, Michigan

“There is no Ken without Barbie, and there is no ‘Barbie’ movie without Greta Gerwig and Margot Robbie, the two people most responsible for this history-making, globally celebrated film,” Ryan Gosling said. Her first three films as a solo director — “Lady Bird,”“Little Women” and “Barbie” — have all been nominated for best picture. One likely factor: the increasingly international composition of the film academy. After Ben Affleck went unnominated for directing 2012's “Argo,” voters rallied around his movie, ultimately handing Affleck the Oscar for best picture. Whether the same effect could follow “Barbie" will be one of the biggest questions leading up the Academy Awards.

Persons: —, Barbie ”, Greta Gerwig's, Ken, Barbie, Greta Gerwig, Margot Robbie, ” Ryan Gosling, Hillary Clinton, Greta, “ Barbie, “ Oppenheimer, Jimmy Kimmel, “ Jimmy Kimmel, ”, Gosling, Robbie, Gerwig, “, Lady Bird, Kathryn Bigelow, Zhao, Jane Campion, Bird, Noah Baumbach, “ Barbie ”, Robbie didn't, ” snubs, Mary McNamara, Barbie ’, Robbie’s Barbie, Justine Triet, Palme, Christopher Nolan, Oppenheimer, Martin Scorsese, Jonathan Glazer, Yorgos, — Gerwig, Alexander Payne, Lanthimos, Glazer, Celine Song's “, Shannon Watts, “ Oscar, Ben Affleck, Affleck, Oscar, Billie Jean King, Jake Coyle Organizations: Twitter, Academy of Motion Pictures Arts, Sciences, Gerwig, Los Angeles Times, ” Locations: Europe

☆ This one chart shows how Netflix has won the streaming wars
▼ + stars: | 2024-01-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Netflix is crushing its competitors when it comes to "churn." Starz has the worst churn rate, according to Antenna data shared with BI; Netflix has the best. 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 . This story is available exclusively to Business Insider subscribers.

Persons: —, They're Organizations: Netflix, Starz, BI, Service, Business

And the DeSantis campaign made many of them, his advisers, allies and supporters have acknowledged to CNN in interviews. Republican presidential candidate and Florida Governor, Ron DeSantis, speaks during a campaign event in Hampton, New Hampshire, on January 17, 2024. Michael Reaves/Getty Images DeSantis and his wife, Casey, have three children: from left, daughters Mamie and Madison and son Mason. But that approach was rejected by the woman who would be announced as DeSantis’ campaign manager, Generra Peck. And yet, in the face of this overwhelming rejection of his pitch to Make America Florida, DeSantis refused to change gears.

Persons: Ron DeSantis steeled, Donald Trump, DeSantis, Trump, “, Nikki Haley, Trump hadn’t, ” DeSantis, Elon Musk, ”, Curt Anderson, Alex Castellanos, Ron DeSantis, Joseph Prezioso, It’s, Casey, God, Rupert Murdoch’s, Will Lanzoni, Jane, Zuma Press DeSantis, Dunedin High School DeSantis, US Navy DeSantis, John Boehner, Charles Dharapak, Bill Clark, Tom Williams, Trey Gowdy, Al Drago, Zack Wittman, Patrick Farrell, Andrew Gillum, Chris O'Meara, Jeff J Mitchell, Stephen M, Dowell, Chris Kleponis, Lynne Sladky, Steve Cannon, Fernando Medina, Deborah Birx, Doug Mills, Kimberly Guilfoyle, Saul Loeb, Madison, Tori Lynn Schneider, Vera Leip, Joe Raedle, Michael Reaves, Mamie, Mason, WFTS DeSantis, Joe Biden, Hurricane Ian, Charlie Crist, Marco Bello, Reuters DeSantis, Sophie Park, Jordan Gale, –, Stormy Daniels, Jeff Roe, Ken Cuccinelli, Roe, scrappy, Ken Griffin, bankroll DeSantis, Griffin, Dana Bash, Generra Peck, Musk, ” Donors, Peck, Christina Pushaw, Bryan Griffin, Hugh Hewitt, Scott Olson, Ryan Tyson, Zuckerbucks, Kim Reynolds, Reynolds, Iowa –, Anna Moneymaker Organizations: CNN, Trump, New, GOP, Former South Carolina Gov, Christian Broadcasting Network, Elon, Republican, “ JV, ”, Politico, Florida Governor, Getty, Republican Party, New York Post, Disney, Florida Gov, Little League Baseball, Petersburg Times, Zuma Press, Dunedin High School, Yale University, US Navy, Navy, General's Corps, District, DeSantis, First, Bloomberg, Miami Herald, Tribune, Service, Democratic, Orlando Sentinel, White, Orlando Magic, NBA, Coronavirus, New York Times, Tallahassee Democrat, USA, Conservative Political, Conference, University of South, Reuters, Iowa State University football, PAC, “, Fox News, Florida, Central Bank Digital Currency, Iowa, Gov, “ Iowa Republican, Republicans Locations: Iowa, Florida, New Hampshire, Hawkeye, Hampton , New Hampshire, AFP, Wally's, Jacksonville , Florida, Dunedin , Florida, Windsor, V, St, Florida's, Tampa , Florida, Orlando, Jacksonville, Sanford , Florida, Tallahassee , Florida, Tallahassee, Pompano Beach , Florida, Miami, Surfside , Florida, University of South Florida, Covid, Tampa, Bedford, Bedford , New Hampshire, Ames , Iowa, New York, Dunedin, Newton , Iowa, Park City , Utah, Tennessee, South Carolina, Trump, Des Moines, West Des Moines , Iowa, Myrtle Beach, “ Iowa, America Florida

☆ It looks like Elon Musk is a bit envious of Mark Zuckerberg's control over Meta
▼ + stars: | 2024-01-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker. One way of getting that would be via a dual-class stock structure. This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power. The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them. "Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.

Persons: —, Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon Organizations: Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business Locations: Delaware, OpenAI

☆ These are 30 of the most successful early-stage startup investors in the world, according to a proprietary AI model known as 'Moneyball for VC'
▼ + stars: | 2024-01-17 | by ( Ben Bergman | Samantha Stokes | Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. TRAC , a San Francisco-based early-stage venture firm cofounded by Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, and Dick Fredericks in 2020, has set about to take a more systematic approach to venture capital. Advertisement"A SuperForecaster is in the top 1/10th of 1% of all early-stage investors," Aaron told Business Insider. But now TRAC has agreed to name names, revealing a random sampling of 30 of the 287 SuperForecasters in its model. They rarely make follow-on investments.

Persons: —, Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks, Phillip Tetlock, Dan Gardner's, Aaron, SuperForecasters Organizations: Service, Business Locations: San Francisco

Search resuls for: "Billion Dollar"

25 mentions found