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☆ Google's layoffs already impacted its culture. Now they're affecting its bottom line.
▼ + stars: | 2024-01-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at highlights from two of the world's biggest tech companies' earnings reports, including how much layoffs cost for one of them. Tech: Tech CEOs will testify before Congress today for a hearing on child safety. Mateusz Wlodarczyk/Getty ImagesThere's been plenty of speculation about what Google's mass layoffs last year meant for its famous culture. Jerod Harris/Getty ImagesCongress is set to grill some of the biggest names in tech today. Leaders from Meta, X, TikTok, and other tech companies will face questions over their platforms' efforts to protect children from sexual exploitation online.

Persons: It's, Sundar Pichai, Mateusz Wlodarczyk, Sarah Jackson, Satya Nadella Stephen Brashear, Hisham Ibrahim, Jerome Powell's, Claudia Sahm, Powell, Linda Yaccarino, Jerod Harris, Linda Yaccarino's, Jack Dorsey's Block, Dorsey, Brooks Kraft, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Tech, Google, Microsoft, Getty, Bloomberg, JPMorgan, Meta, Elon Musk's, Brooks Kraft LLC, Los Angeles Times, UPS, Bureau of Labor Statistics, Amazon, Boeing, Mastercard Locations: Chipotle, New York, London

NASHVILLE, Tenn. (AP) — The Tennessee Titans have hired Cincinnati Bengals offensive coordinator Brian Callahan as their head coach, tasked with trying to turn them back into winners and groom Will Levis into their franchise quarterback. The Titans announced Wednesday their hiring of the first of 10 candidates that they interviewed. Callahan will be the franchise's sixth different coach since leaving Texas for Tennessee in 1997. He also is the third coach hired since the NFL regular season ended Jan. 7. New England promoted Jerod Mayo to replace Bill Belichick, and the Raiders elevated their interim coach, Antonio Pierce.

Persons: Brian Callahan, Will Levis, “ Brian, Amy Adams Strunk, “, Callahan, Mike Vrabel, Jerod Mayo, Bill Belichick, Antonio Pierce, ___ Organizations: Tennessee Titans, Cincinnati Bengals, The Titans, NFL, Titans, New, Raiders, Los Angeles Chargers Locations: Tenn, Texas, Tennessee, New England, Carolina, Atlanta, Seattle, Washington

NASHVILLE, Tenn. (AP) — The Tennessee Titans have agreed to hire Cincinnati Bengals offensive coordinator Brian Callahan as their head coach, a person familiar with the decision told The Associated Press on Monday. The Titans interviewed Callahan in person on Monday and decided to hire him, the person said. He has been the Bengals' offensive coordinator since 2019 and is credited with aiding in the development of quarterback Joe Burrow. He will get the chance now to work with Will Levis, the quarterback Tennessee took at No. The son of former Raiders coach Bill Callahan has been a popular target in head coaching searches.

Persons: Brian Callahan, hadn’t, Callahan, Mike Vrabel, Jerod Mayo, Bill Belichick, Antonio Pierce, Joe Burrow, Will Levis, Tennessee, Bill Callahan, ___ Maaddi, ___ Organizations: Tennessee Titans, Cincinnati Bengals, Associated Press, Tennessee, The Titans, NFL, Patriots, Raiders, Bengals, Titans, Cincinnati, Los Angeles Rams, Los Angeles Chargers Locations: Tenn, Cincinnati, Tampa , Florida

☆ Bill Belichick is parting ways with the New England Patriots
▼ + stars: | 2024-01-11 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Bill Belichick is stepping aside as coach of the New England Patriots. AdvertisementSix-time NFL champion Bill Belichick agreed to part ways as the coach of the New England Patriots, ending his 24-year tenure as the architect of the most decorated dynasty of the league's Super Bowl era. Patriots linebackers coach Jerod Mayo won a Super Bowl ring playing under Belichick and has interviewed for multiple head coaching vacancies since becoming a New England assistant in 2019. Related storiesThe six Super Bowl wins tie Belichick with pre-merger mentors Halas and Curly Lambeau for the most NFL championships. Meanwhile Brady won his seventh Super Bowl ring with the Tampa Bay Buccaneers that same season.

Persons: Bill Belichick, Belichick, Nick Saban, —, Robert Kraft, Kraft, of Famers Don Shula, George Halas, Tom Brady, It's, Jerod Mayo, Mayo, Mike Vrabel, Josh McDaniels, McDaniels, Brian, he'd, Saban, Belichick's, Steve, Halas, Curly Lambeau, Bill Parcells, Brady, haven't, Cam Newton, Mac Jones, Matt Patricia, Jones, Bill O'Brien, Bailey Zappe, didn't, Nick Caserio, Donald Trump Organizations: New England Patriots, Service, Gillette, of Famers, Belichick, Shula, Patriots, NFL, Super, AFC, Cleveland Browns, of Famer, Tennessee Titans, Raiders, Las, Super Bowl, New York Giants, Tampa Bay Buccaneers, U.S, Capitol Locations: Cleveland, New England, Las Vegas

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ It sure looks like Elon Musk is deliberately destroying X
▼ + stars: | 2023-11-30 | by ( Jyoti Mann | Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Elon Musk seems to be trying to sabotage X by telling major advertisers "go fuck yourself." It gives weight to a theory that Musk may be deliberately trying to sink X, formerly Twitter. Those banks have since been trying to sell the debt — which looks increasingly worthless as Musk drives X into the ground. In the meantime, X and Musk must pay millions of dollars in interest to their financiers. "There is no way back, there is no way to reverse the statement Elon made yesterday," said Ruben Schreurs, chief strategy officer at the marketing consultancy Ebiquity, which works with major advertisers.

Persons: Elon Musk, Martin Sorrell, —, NBCUniversal, Musk, Linda Yaccarino, Linda, Jerod Harris, Matt Levine, Levine, Lou Paskalis, Musk's, Paskalis, BI's Grace Kay, Kali Hays, it's, Elon, Ruben Schreurs, Yaccarino, didn't Organizations: Service, The New York Times, Apple, Disney, IBM, Bloomberg, Bank of America, AJL, Musk's Twitter, Ebiquity, X

Jack Guez | Afp | Getty ImagesAfter a weekend of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chair Bret Taylor is currently a board member at the e-commerce platform Shopify . It isn't clear if Taylor's involvement with his own AI startup will cease with his appointment to lead OpenAI's board. OpenAI's board fired Altman Friday after determining he was "not consistently candid in his communications," but its members never elaborated further. Jack Guez | AFP | Getty ImagesIlya Sutskever Ilya Sutskever co-founded OpenAI and serves as its chief scientist.

Persons: Sam Altman, Ilya Sutskever, Jack Guez, Altman, There's, Satya Nadella, Nadella, Here's, Bret Taylor, Nathan Laine, He's, Elon, Taylor, Salesforce, Larry Summers, David A, CNBC Larry Summers Larry Summers, Clinton, Summers, Jack Dorsey, Adam D'Angelo Adam D'Angelo, D'Angelo, Helen Toner, CSET, Vox, Jerod Harris, Helen Toner Helen Toner, Toner, Tasha McCauley, Carlton Laguna Nigel, Tasha McCauley Tasha McCauley, Joseph Gordon, Levitt, McCauley, Ilya Sutskever Ilya Sutskever, Sutskever, Greg Brockman, Brockman, Brockman's, Sven Hoppe Organizations: Tel Aviv University, Afp, Getty, Microsoft, CNBC, Sequoia, Tiger Global, Salesforce, Viva Technology Conference, Bloomberg, Google, Economic, Grogan, Harvard University, Obama, Economic Council, Twitter, Meta, Facebook, The Ritz, Carlton, Georgetown University's Center for Security, Emerging Technology, Philanthropy, Business Development, Ritz, Rand Corporation, GeoSim Systems, AFP, University of Toronto, Stanford, Technical University of Munich Locations: Tel Aviv, Paris, Davos, Switzerland, Washington, Laguna Niguel, Dana Point , California, Russian Israeli, Canadian

☆ How Whitney Wolfe Herd's fateful deal with a Russian mogul deprived early Bumble employees of a stock windfall when she became a billionaire
▼ + stars: | 2023-11-06 | by ( Ben Bergman | ) www.businessinsider.com time to read: +23 min

I'm fucking done," she told a reporter at Time, who described Wolfe Herd as "blinking back tears" during the interview. "My hands are tied," Wolfe Herd told the audience, according to several people who were in the room. Wolfe Herd once called him her biggest mentor, saying, "He's become my family and one of my best friends." Some early employees said they only found out about the shadow-equity program, and who received it, years later. Based on the current share price, Wolfe Herd is no longer a billionaire, though her fortune still sits at an estimated $627 million.

Persons: Whitney Wolfe Herd, Andrey Andreev, Wolfe Herd, Bumble, Whitney Wolfe, Wolfe, Bumble wasn't, Charley Gallay, I've, Robbie McKay, McKay, Jerod Harris, Sarah Mick, Bumble's, That's, Mick, Justin Mateen, Tinder, Antoine Antoniol, Andreev, What's, He's, —, Jody Thelander, Alexandra Williamson, Samantha Fulgham, Chelsea Maclin, Caroline Ellis Roche, Michael Herd, they'd, Taylor, they're, Vivien Killilea, didn't, Charles Elson, Elson, Blackstone, Forbes, Ben Bergman Organizations: Worldwide Vision, Nasdaq, Carlton, Getty, Fortune, Andreev's, TechCrunch, Southwest, telltale, Founders, Chelsea, Austin, Ritz, Mailchimp, Intuit, University of Delaware, Twitter Locations: Russian, Austin, Los Angeles , California, Bumble, Northern California, Deer Valley , Utah, Punta Mita , Mexico, Tinder, London, Bermuda, WVL, San Francisco, Texas, Positano, Italy, Bay, Atlanta, MagicLab, Badoo, bbergman@insider.com

☆ Bumble founder and CEO to step down early next year, Slack chief executive to succeed her
▼ + stars: | 2023-11-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Whitney Wolfe Herd, founder and CEO of the dating app Bumble , is stepping down from her role at the helm of the company early next year. She will be succeeded by Lidiane Jones, CEO of Salesforce's cloud-based messaging platform Slack, on Jan. 2, 2024, according to a company release Monday. She will transition to a new role as executive chair when Jones takes over as CEO. She added that she is "grateful to have the support of my colleagues at Slack and Salesforce."

Persons: POINT, Whitney Wolfe Herd, Bumble, Vox, Jerod Harris, Wolfe Herd, Lidiane Jones, Jones, Slack, Salesforce Organizations: The Ritz, Carlton, Getty, Vox Media, Microsoft, CNBC PRO Locations: CALIFORNIA, Laguna Niguel, Dana Point , California

☆ The boomer market boon
▼ + stars: | 2023-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

With that in mind, Bank of America has a way the rest of us can cash in on the boomer boon, writes Insider's Aruni Soni. Millennials vs. boomer spending Bank of AmericaIf you don't want to invest in boomers, you could always just invest like them. Regardless of what you decide to do with your money, just don't bank on getting more of it from your relatives. The billionaire hedge fund boss and owner of the New York Mets isn't expecting a deep recession or prolonged market downturn. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, John Knox, Joe Raedle, boomers, They're, Insider's Aruni Soni, Treasurys, Insider's Filip De Mott, Cuban, Neil Cavuto, Steven Ferdman, Charlie Munger, Bill Ackman, Michael Baron, Steve Cohen, Linda Yaccarino, Elon Musk, Jerod Harris, Jenny Chang, Rodriguez, it's, Arantza Pena, Taylor Swift, Devin Booker, John Adams, Diego Maradona, Ivanka Trump, Keyatta Mincey, Parker, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bank of America, of America, Big Tech, Fox Business Network Studios, Dallas Mavericks, New York Mets, Elon, Elon Musk's, Microsoft, Google, Amazon Web Services, Kansas, HSBC Locations: Pompano Beach , Florida, New York City, Phoenix , Arizona, Local Kansas City, Kansas City, McDonald's, San Diego, London, New York

☆ X CEO Linda Yaccarino Says Platform Should Turn Profit Next Year
▼ + stars: | 2023-10-26 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

X CEO Linda Yaccarino Says Platform Should Turn Profit Next YearThe CEO of X, formerly known as Twitter, said the social media platform is “just about break even” and should turn a profit by early 2024. Linda Yaccarino also defended company owner Elon Musk’s freedom of speech. Photo: Jerod Harris/Getty Images for Vox Media

Persons: Linda Yaccarino, Elon Musk’s, Jerod Harris Organizations: Twitter, Getty, Vox Media

☆ One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets
▼ + stars: | 2023-10-25 | by ( Alexander Saeedy | Cara Lombardo | ) www.wsj.com time to read: 1 min

The CEO of X, formerly known as Twitter, said the social-media platform is ‘just about break even’ and should turn a profit by early 2024. Photo: Jerod Harris/Getty Images for Vox MediaThe banks that financed Elon Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets. Seven banks including Morgan Stanley , Bank of America and Barclays lent Musk around $13 billion to buy Twitter a year ago this coming Friday. Under normal circumstances, they would have unloaded the debt to Wall Street investment firms soon thereafter. But investor appetite for Twitter, which Musk has since renamed X, has cooled since the billionaire took over, forcing the banks to hold the debt on their own balance sheets at a discounted value.

Persons: Jerod Harris, Morgan Stanley, Musk Organizations: Twitter, Getty, Vox Media, Elon Musk’s, Bank of America, Barclays, Wall Locations: Wall Street

☆ The stock market's strong 2023 performance comes down to just 5 massive companies
▼ + stars: | 2023-06-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Anyway, this lopsided distribution is exactly what's showing up in the stock market right now. The S&P 500 has climbed about 9.2% this year, but just five stocks are powering most of that gain in an even more extreme rendition of the Pareto distribution. In previous streaks of strong outperformance of five months or more by supersized companies, he pointed out that the S&P 500 has averaged returns of 6.7% in the subsequent six months. "[P]utting mega caps aside, we found that narrow market breadth in general does not represent a bad omen for S&P 500 performance despite the contrary narrative being pushed by many investors," Belski added. What's your outlook for the rest of the stock market this year, not including mega-caps?

Persons: Phil Rosen, ChatGPT, Tim Cook, Jerod Harris, Brian Belski, Belski, Elon Musk, Jonathan Ernst, Redfin, Larry Pitkowsky, Bitcoin, Max Adams, Nathan Rennolds Organizations: Apple, Getty, Nvidia, Microsoft, BMO, Reuters, Dell Technologies, Broadcom, Bank of America Locations: Beijing, China, United States, New York, London

☆ 10 Things in Tech: Apple's upcoming 'Reality' headset, BookTok drives book sales, and more
▼ + stars: | 2023-05-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

AI startup cloud deals by Microsoft, Google, and Amazon are ringing "accounting alarm bells" across Silicon Valley over revenue "round-tripping." As Big Tech firms invest in AI startups in exchange for commitments to use their cloud services, some investors question whether those arrangements are artificially inflating cloud revenue growth. A former Apple marketing executive predicts the company's upcoming "Reality" headset risks being "one of the greatest tech flops of all time." How the BookTok phenomenon helped send book sales to an all-time high and reignite a love for reading. Read on to find out more about what you can use the AI app for.

☆ 10 things in tech: Musk believes remote work is morally wrong, BookTok a kingmaker, and AI press releases
▼ + stars: | 2023-05-18 | by ( Michael Cogley | ) www.businessinsider.com time to read: +4 min

It will be interesting to see what enlarged role social media stats will also have on the publishing industry, given TikTok has assumed the position of a literary kingmaker. But before I pitch you my novella that's sure to be a social media hit, let's jump into today's tech news. He also revealed that he planned to rehire some of the thousands of staff he laid off after he assumed control of the social media giant. A new PR tech company is using AI to write press releases. Apple unveiled a new set of accessibility features this week, including "Personal Voice," which aims to replicate a user's voice with AI after 15 minutes of training.

☆ There are more F-35s flying today than all other stealth aircraft combined
▼ + stars: | 2023-03-21 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +5 min

But with over 890 F-35s delivered, there are more of them flying than all other stealth aircraft. With more than 890 F-35s delivered to date, there are more of these advanced fighters flying for nations around the world today than all other stealth aircraft on the planet ... combined. Jerod Harris/Getty ImagesAlthough the world's first stealth aircraft to enter operational service, the F-117 Nighthawk, began flying four decades ago now, the number of different stealth platforms in service today remains relatively small. There are about twice as many F-35s today than all other stealth aircraft combinedBritish Royal Air Force F-35s and a US Air Force B-2 fly along the English coast near Dover. Here are the tallies of stealth aircraft in service today, from most to least:

☆ Google got a pandemic boost for its Workspace software but blew it, insiders say. Now it plans to attack Microsoft with a new push in AI.
▼ + stars: | 2023-03-14 | by ( Rosalie Chan | Hugh Langley | ) www.businessinsider.com time to read: +14 min

Google Cloud CEO Thomas Kurian spent much of his time at a partner meeting talking about Workspace, tweeted Tony Safoian, CEO of Google Cloud partner SADA Systems. "Around the globe, more than nine million paying organizations, and more than three billion users rely on Google Workspace for communication and collaboration. Other major customers like Deutsche Bank use Google Cloud for cloud infrastructure, but Microsoft Office for collaboration software. Forty-four percent of software procurers whose organization plans to or currently uses Microsoft's collaboration software also use Google Workspace, according to the 2022 Forrester study. While Google Cloud is still unprofitable, it has decreased losses to $480 million, down from $890 million last year.

☆ Amazon's internal Slack channel blows up after employees are told to return to office. Now they're creating a petition to fight back.
▼ + stars: | 2023-02-21 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Within hours of Friday's announcement, over 5,000 Amazon employees joined the new Slack channel, called "Remote Advocacy," according to screenshots seen by Insider. The channel was created "to advocate for remote work at Amazon" and seeks "data, anecdotes, articles about the benefits of remote work," it said. 'Absolute chaos'Several Amazon employees in the Slack channel expressed frustration, confusion, and anger. An impromptu survey within the Slack channel showed almost 80% of respondents saying they'll look for another job because of this change. In the Slack channel, employees are putting together a petition to push back against the return-to-office mandate.

☆ Here's why 2023's stock rally could fizzle out and end up burning bullish investors
▼ + stars: | 2023-02-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now let's turn to the stock market. Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. The surging stock market suggests that investors are fairly optimistic these days. In a Friday note, strategists said the stock market is set to peak in the next two weeks because inflation could come roaring back. US stock futures fall early Monday, after Friday's strong US jobs report fueled speculation that interest rates will rise further.

☆ These 6 CEOs are taking pay cuts to prevent more layoffs and fight tough times as industrywide reductions persist
▼ + stars: | 2023-02-05 | by ( Bethany Biron | ) www.businessinsider.com time to read: 1 min

Apple CEO Tim CookCook at Code in 2022. Jerod Harris/Getty Images for Vox MediaApple CEO Tim Cook is taking a 40% pay cut in 2023, bringing his annual target salary to $49 million for the year, per documents filed with the Securities and Exchange Commission in January. The executive requested the pay reduction himself, coming on the heels of recent controversy surrounding his hefty salary. In 2022, Apple investors were urged to vote against Cook's nearly $100 million pay package by a shareholder advisory firm. The SEC filing references "concern" over Cook's total annual compensation in 2021 and 2022, noting the 2023 reduction comes amid "balancing shareholder feedback, a desire to continue to create meaningful performance and retention incentives, and Mr. Cook's support for changes."

☆ Amazon employees think the company is lowering the bar with a streamlined interview process
▼ + stars: | 2023-01-12 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

This is Matt Weinberger, deputy editor of Insider's tech analysis team, filling in once again for your regular captain Diamond Naga Siu. Stop me if you've heard this one: Amazon walks into a bar... But seriously folks, my colleague Eugene Kim reports on a big, meaningful change in the online retail giant's hiring process. Some employees think so, Insider's Eugene Kim reports. He says that "current and former bar raisers I talked to were not too happy about this decision and were concerned about its potential to drag down Amazon's hiring bar."

☆ Apple is coming off a terrible year and Wall Street is torn on whether it's set for more pain or about to skyrocket.
▼ + stars: | 2023-01-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

While the meeting minutes don't tell us exactly what the Fed will do next month, generally they are worth paying attention to for hints into the thinking of central bankers. Shares fell further on Tuesday and Wednesday after a Nikkei report said demand for MacBooks, AirPods, and Apple Watches is weakening. But Loup Funds' Gene Munster said Apple stock should be worth double its current value, given that it's one of the world's greatest companies. What's your outlook for Apple stock this year? This hedge fund manager has returned 163% over the last year, and he's anticipating more pain to come for stocks.

☆ Google execs warn company's reputation could suffer if it moves too fast on AI-chat technology
▼ + stars: | 2022-12-13 | by ( Jennifer Elias | ) www.cnbc.com time to read: +7 min

Some of them are wondering where Google is in the race to create sophisticated chatbots that can answer user queries. After all, Google's prime business is web search, and the company has long touted itself as a pioneer in AI. Billions of people across the globe use Google's search engine, while ChatGPT just crossed 1 million users in early December. Taking Google 'for granted'Employees had other concerns about Google search. Industry estimates still show that Google holds at least 90% of the search market, and the company remains under scrutiny by regulators.

☆ A tense all-hands meeting at Google leaves employees worried about layoffs
▼ + stars: | 2022-12-12 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

Oh, and Insider released its inaugural Cloudverse list of the 100 top leaders building the next generation of the Internet. Insider's Hugh Langley reports on a tense all-hands inside Google, where employees once again pushed CEO Sundar Pichai to comment on the possibility of layoffs. Google employees have been worried about layoffs for a while, especially while pretty much all of the search giant's peers in Big Tech have cut jobs in recent weeks and months. Notably, employees used the all-hands to raise concerns over a new performance tool named GRAD. Swapping Big Tech for climate tech.

☆ Will 'Emancipation' set Will Smith free from 'the slap?'
▼ + stars: | 2022-12-10 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

Three things to watch‘Emancipation’Will Smith (center) in a scene from "Emancipation." Smith has been banned from attending the Oscars for the next decade, but he is still eligible for nominations. ‘Idina Menzel: Which Way to the Stage?’Idina Menzel attends the American Music Awards on November 20, 2016 in Los Angeles. A Boogie wit da Hoodie performs at the Rolling Loud Los Angeles festival on December 15, 2019 in Los Angeles. Something to sip onNick Cannon attends an event at the GRAMMY Museum on June 25 in Los Angeles.

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