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Meta set to report Q3 earnings after the bell
  + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +2 min
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Meta's results come a day after digital ad companies Alphabet , Reddit and Snap all reported solid quarterly earnings. Microsoft reports after the bell on Wednesday, and the big week for tech earnings wraps up on Thursday, when Apple and Amazon report quarterly financials. If Meta hits analysts' expectations for third-quarter revenue, that would represent 18% year-over-year growth, down from 23% a year ago.
Persons: Mark Zuckerberg, LSEG, Jeff Bezos, Zuckerberg, Bernstein, Meta Organizations: Meta, Inc, Amazon, Bloomberg, Microsoft, Apple Locations: Menlo Park , California, China
"It's gonna sound weird, but success for me was failing," she told CNBC Make It. But why failing can lead to better future outcomes is generally misunderstood, says Amy Edmondson, a professor at Harvard Business School and author of "Right Kind of Wrong: The Science of Failing Well." "There's one really important misconception about failing, which is that failure and mistake are the same thing," she says. If you're pursuing a new hobby or switching into a different role at work, know that failure is likely ahead. A productive failure meets four criteria, Edmondson says.
Persons: Jeff Bezos —, Gabby Douglas, Amy Edmondson, Edmondson Organizations: CNBC, Harvard Business School
New York CNN —The Washington Post, Los Angeles Times and USA Today may have declined to endorse a candidate in this year’s presidential election. “The Washington Post and Los Angeles Times, and all these papers. “Washington [Post] and USA Today, congratulations. A Washington Post spokesperson referred CNN to Lewis’ statement from last week. In the wake of the non-endorsements, more than 250,000 Post readers have canceled their subscriptions, while the Times reported more than 7,000 subscribers canceled for “editorial reasons.”CNN’s Kate Sullivan contributed reporting.
Persons: Donald Trump doesn’t, Trump, They’re, , , we’re, Kamala Harris, Will Lewis, Lewis, Harris, Jeff Bezos, Patrick Soon, Bezos, ” CNN’s Kate Sullivan Organizations: New, New York CNN, Washington Post, Los Angeles Times, USA, Leadership, Times, Trump, CNN Locations: New York, North Carolina, “ Washington
In leaked messages, Amazon employees are divided, with some supporting his call. Related storiesSome Amazon employees agreed, according to the Slack messages obtained by BI. Other Amazon employees said it was "silly" and "sad" to see so many Washington Post readers cancel their subscriptions over the endorsement issue. 'Suspicious and worrisome'Still, some of Amazon employees who weighed in on the company's internal Slack were suspicious of Bezos's true motivation. Other Amazon employees were more blunt, saying they were going to cancel their own Washington Post subscriptions.
Persons: Jeff Bezos, , Jeff Bezos's, Bezos, Slack, Donald Trump, I'd, Trump, Dave Limp, Matt Garman, he's, It's, it's Organizations: Washington Post, Amazon, Service, Business, BI, Democratic, Spokespeople, Washington, Blue, Trump Locations: Amazon, Washington
New York CNN —More than 250,000 Washington Post readers have canceled their subscriptions since the newspaper announced last week it would not make an endorsement in the presidential race, leading to a “huge spike” in cancelations, the Post reported late Tuesday. The number did not take into account any new subscribers the Post may have added since Friday or any subscribers who have since re-subscribed, the paper reported. The Post reported it began seeing a surge in cancelations within hours of the announcement. “I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it,” Bezos wrote. Instead, Bezos framed his decision to end presidential endorsements as one designed to regain the trust of readers.
Persons: Will Lewis, Lewis, Marty Baron, “ craven, Jeff Bezos, Trump, Harris, Bezos, — Bezos, Donald Trump, , ” Bezos, Organizations: New, New York CNN, Washington Post, Post, NPR, CNN, Blue Origin Locations: New York, cancelations, , Texas
Amazon is testing news with a Brian Williams election-night special on Prime Video. AdvertisementAmazon is getting closer to jumping into news coverage with an election-night special hosted by Brian Williams. "Election Night Live with Brian Williams" will air on Prime Video at 5 p.m. "Election Night Live" is a gamble for Amazon, which has no history in news. A one-off news program is in keeping with its strategy of getting into live event programming like sports and live shopping, though.
Persons: Brian Williams, James Carville, Shepard Smith, , Baratunde Thurston, Williams, Jonathan Wald, Wald, Comcore, Jeff Bezos, Puck, Axios, They're Organizations: Service, Fox News, Business, Amazon, Washington Post, NBC, MSNBC, Politico Locations: , Iraq
Paul Graham urged moderate voters to vote for Kamala Harris, citing character over policy. Graham, a Y Combinator cofounder, contrasted Harris with former president Donald Trump. AdvertisementVeteran investor Paul Graham wrote an open letter saying undecided moderate voters should cast their ballot for Kamala Harris. On Tuesday, the Y Combinator cofounder and self-proclaimed moderate posted a statement on X where he laid out his reasons. Graham cofounded famed startup accelerator Y Combinator in 2005, which has been an incubator for companies like Dropbox, Airbnb, and Reddit.
Persons: Paul Graham, Kamala Harris, Graham, Harris, Donald Trump, Elon Musk, Mark Zuckerberg, , Jeff Bezos, Bezos hasn't, Trump . Graham, Melinda French Gates, Mark Cuban, pic.twitter.com, ebBMbs1c7r — Paul Graham, Trump, Harris didn't Organizations: Leaders, Elon, Service, Washington, Amazon, Tesla, Trump ., Democratic, Business
Legal experts say an attempt to overturn the 2024 election results would be more difficult than in 2020. And a lost Chopin waltz is discovered after 200 years. Legal experts say those changes would make another attempt to overturn the result of the election much more difficult and unlikely. If Trump attempted to overturn the election result in Congress, he’d be up against the bipartisan Electoral Count Reform Act. This election season, voters said they are disillusioned by both major parties, especially over the handling of the war in Gaza.
Persons: Andrea Mitchell, Antony Blinken’s, Chopin, Donald Trump, Trump, he’d, Matthew Sanderson, Kamala Harris, JD Vance, hadn’t, Tony Hinchcliffe, , Hinchcliffe —, ➡️ Elon Musk, Harris, ➡️ Jeff Bezos, , WaPo, ➡️, Democratic Sen, Bob Casey of Pennsylvania, Isaac Herzog, Antony Blinken, Nathan Howard, Benjamin Netanyahu, Yahya Sinwar’s, Blinken, Brittany Randall, Kamberlyn Bowler, ” Randall, Freddie Freeman, Jay Johnston, Bob’s, Helene, Milton, Matthew Perry’s, Suzaenne Perry, Mustafa Hussain, Vanessa Leroy, — Zara Katz, Brooks, Jolie, Elizabeth Robinson Organizations: NBC, Trump, Count, Washington , D.C, Trump’s New, PAC, The Washington Post, Democratic, ➡️ Authorities, Getty, U.S, United Nations, West Bank ., CDC, Los Angeles Dodgers, New York Yankees, JPMorgan, Cuban, NBC News, American, RNC, Ninja Locations: Washington ,, Georgia, Trump’s New York City, Puerto Rico, Michigan, Portland , Oregon, Vancouver , Washington, Iran, Tel Aviv, AFP, Israel, Washington, Gaza, Lebanon, Beirut, U.S, Junction , Colorado, , Dearborn , Michigan, Dearborn, Detroit
"Presidential endorsements do nothing to tip the scales of an election. What presidential endorsements actually do is create a perception of bias. Ending them is a principled decision, and it’s the right one," Bezos wrote in a nine-paragraph article published on the Post's website Monday night. "I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it," Bezos wrote. There is no connection between it and our decision on presidential endorsements, and any suggestion otherwise is false."
Persons: Jeff Bezos, Bezos, Will Lewis, Lewis, Kamala Harris, Harris, Donald Trump, Dave Limp, Limp, , Trump, David Hoffman, David Shipley, Hoffman, Semafor, Patrick Soon Organizations: Amazon, Washington Post, Post, NPR, Democratic, NBC News, Los Angeles Times, Trump Locations: Pennsylvania, spokespeople, American
He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.
Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas
WaPo’s TikTok creator parodies Jeff Bezos in video
  + stars: | 2024-10-29 | by ( ) edition.cnn.com   time to read: 1 min
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Washington Post owner Jeff Bezos defends decision not to endorse
  + stars: | 2024-10-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWashington Post owner Jeff Bezos defends decision not to endorseEric Dezenhall, Dezenhall Resources chairman, joins 'Squawk Box' to discuss news of Washington Post owner Jeff Bezos blocking the newspaper's endorsement of Vice President Kamala Harris for president, McDonald's response to its E. coli outbreak, and more.
Persons: Jeff Bezos, Eric Dezenhall, Kamala Harris Organizations: Washington, Dezenhall, Washington Post
While dozens of American business leaders — your Reeds Hoffman, your Marks Cuban, etc. “I was very grateful … for his willingness to stand up to the pressure from Donald Trump in 2015 … until now. That’s why 88 business leaders last month endorsed Harris. On the other hand, a little back-channeling and olive-branch-extending could give business leaders and their companies some goodwill in an administration helmed by a notoriously impulsive, vengeful leader. In a business world that craves certainty and economic stability, executives may be telling themselves that their silence is purely a business decision.
Persons: CNN Business ’, New York CNN —, Donald Trump, didn’t, Hoffman, Marks, Kamala Harris, Jeff Bezos, Trump, Marty Baron, Patrick Soon, Harris, Baron, CNN’s Michael Smerconish, Bezos “, Bezos, , Elon Musk, “ Trump, ” Baron, NPR’s David Folkenflik, Steve Contorno, Alayna Treene, Tim Cook, Sundar Pichai, Andy Jassy, Mark Zuckerberg, it’s Organizations: CNN Business, New York CNN, Democratic, The Washington Post, Republican, Los Angeles Times, Saturday, SpaceX, Washington, LA Times, Apple, Trump, European Union, Las, Google, Amazon, CNN, Meta, White Locations: New York, Amazon, Las Vegas, Pennsylvania
Jeff Bezos defended The Washington Post's decision to not endorse a presidential candidate. The Post earlier reported that Bezos made the decision to not publish an endorsement. AdvertisementThe decision also wasn't a "quid pro quo" to curry favor with Donald Trump, Bezos said. "I sighed when I found out, because I knew it would provide ammunition to those who would like to frame this as anything other than a principled decision," Bezos wrote. On Friday, the newspaper's publisher, Will Lewis, initially announced the Post's decision.
Persons: Jeff Bezos, Bezos, Donald Trump, Kamala Harris, , Will Lewis Organizations: Service, Trump, Gallup, NPR, Los Angeles Times, Business Locations: Washington, Pennsylvania
The billionaire has been less prominent in the election than Elon Musk — but still has much at stake. Bezos's Blue Origin is working with NASA and the Pentagon as it plays catch-up with Musk's SpaceX. Executives from Bezos' rocket company Blue Origin, including CEO Dave Limp, spoke with Donald Trump on Friday, The Associated Press reported. Like all private space companies, Blue Origin relies heavily on federal contracts and is competing with SpaceX for government and military projects. Blue Origin did not respond to a request for comment from Business Insider.
Persons: Jeff Bezos's, Elon Musk, , Jeff Bezos, Dave Limp, Donald Trump, Kamala Harris, William Lewis, Bezos, Lewis, Robert Kagan, Michele Norris, Marty Baron, Baron, Elon, Artemis, it's, SpaceX's, Trump Organizations: Washington Post, NASA, Pentagon, Musk's SpaceX, Service, Bezos, Associated Press, New York Times, Trump, SpaceX, Republican, PAC, Business, Bloomberg, White, Twitter, United States Post, United States Postal Service, Web Services, of Defense, Microsoft Locations: Washington, The Texas, Amazon
The Washington Post said Friday it wouldn't endorse a presidential candidate. Reports suggest Jeff Bezos, who owns the Post, made the decision not to endorse a candidate. More than 200,000 people have canceled their Post subscriptions since Friday, NPR's David Folkenflik reported Monday, citing two knowledgeable sources. A Washington Post spokesperson declined to comment. The New York Times reported on Sunday that Jeff Bezos, the Washington Post's owner since 2013, voiced reservations in late September about running an endorsement.
Persons: Jeff Bezos, , NPR's David Folkenflik, Will Lewis, Lewis, David Hoffman, Molly Roberts, Michele Norris, Robert Kagan, Donald Trump, David Shipley, Mr, Bezos, Shipley Organizations: Washington Post, NPR, Service, Post, Los Angeles Times, New York Times, Washington, Times Locations: Washington
“Presidential endorsements do nothing to tip the scales of an election,” Bezos, the billionaire Amazon founder, wrote. “No undecided voters in Pennsylvania are going to say, ‘I’m going with Newspaper A’s endorsement.’ None. High-profile Post staffers have also publicly expressed their dismay over how the situation was handled and raised questions over the reason for the eleventh-hour decision. “That was inadequate planning, and not some intentional strategy.”Hours after Post publisher Will Lewis announced the news Friday, Trump met with executives from Blue Origin, a Bezos-founded spacefaring company. Neither campaign nor candidate was consulted or informed at any level or in any way about this decision.
Persons: Jeff Bezos, ” Bezos, , I’m, , Kamala Harris, Marty Baron, “ craven, Donald Trump, Harris, Bezos, Will Lewis, Trump, , Dave Limp, , It’s Organizations: CNN, Washington Post, Post, , Amazon, House, Blue, Trump, Blue Origin Locations: Pennsylvania
Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence in New York City, Sept. 20, 2021. Washington Post owner Jeff Bezos in an op-ed published Monday evening defended the newspaper's recent controversial decision not to endorse a candidate in the presidential election as a "meaningful step in the right direction" to reverse the loss of trust in the media by Americans. "I sighed when I found out, because I knew it would provide ammunition to those who would like to frame this as anything other than a principled decision," Bezos wrote. Even Limp didn't know about it in advance; the meeting was scheduled quickly that morning," Bezos wrote. "There is no connection between it and our decision on presidential endorsements, and any suggestion otherwise is false.
Persons: Jeff Bezos, Boris Johnson, Bezos, , Will Lewis, Kamala Harris, Donald Trump, Dave Limp, Lewis, Limp Organizations: British, Washington Post, NPR, Amazon, Origin, Trump Locations: New York City
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. The Washington Post reportedly has lost more than 200,000 digital subscriptions, and three members of its editorial board have stepped down on the heels of its decision not to endorse a candidate in the presidential election between Vice President Kamala Harris and former President Donald Trump. That is the same number of editorial board members who resigned from the Los Angeles Times' board in protest of that newspaper's decision not to endorse a presidential candidate. A Post spokesperson declined to comment on either the subscription losses or editorial board resignations when contacted Monday by CNBC. The Post's editorial page had planned to endorse Harris, the Democratic nominee, according to the newspaper's own reporting.
Persons: Kamala Harris, Donald Trump, NPR's David Folkenflik, Molly Roberts, David Hoffman, Mili Mitra, Joe Biden, Will Lewis, Jeff Bezos, Harris Organizations: Washington Post, Franklin, Los Angeles Times, CNBC, Gannett, Trump, Amazon, Democratic Locations: Washington ,, United States
A person with knowledge of the matter told CNN that an endorsement of Vice President Kamala Harris had been drafted by the Post’s editorial board members before it was quashed by Bezos. NPR reported that by midday Monday more than 200,000 people had canceled their digital subscriptions to the Post, citing two people familiar with the matter. Two Post journalists, Molly Roberts and David E. Hoffman both announced Monday they had stepped down from their positions on the editorial board, although both will stay at the paper. A third journalist, Mili Mitra also stepped down, the Post reported, meaning nearly one-third of the 10-member board had resigned. “I cannot sit here any longer on the editorial board and write those editorials while we ourselves have given in to silence,” he said.
Persons: Jeff Bezos’s, David Shipley, Kamala Harris, Bezos, Shipley, , , Donald Trump’s, Molly Roberts, David E, Hoffman, Mili Mitra, Trump, we’re, Roberts, Donald Trump, Marty Baron, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Brian Stelter Organizations: New, New York CNN, Washington, CNN, NPR, Washington Post, Blue Origin, Trump, Post Locations: New York, Amazon
The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.
Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, , ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, , Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, , Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris
Michele Norris said she resigned as a columnist at The Washington Post. Norris said the Post's decision not to endorse Kamala Harris was a "terrible mistake." The Post reported that editorial page staffers had drafted an endorsement for Harris, who is vying for the Oval Office against former President Donald Trump. Donald Trump will celebrate this as an invitation to further intimidate The Post's owner, Jeff Bezos (and other media owners)," he said. AdvertisementA representative for The Washington Post declined to comment.
Persons: Michele Norris, Norris, Kamala Harris, Jeff Bezos, , Andrew Harnik, Robert Kagan, Will Lewis, Harris, Donald Trump, Martin Baron Organizations: The Washington Post, Service, Washington, Washington Post, Amazon, Oval, Former Washington Post Locations: Washington
New York CNN —The daughter of Los Angeles Times owner Patrick Soon-Shiong suggested on Saturday that herfather’s decision to block the newspaper’s endorsement of Vice President Kamala Harris was made over Harris’ support for Israel’s war in Gaza. “Our family made the joint decision not to endorse a Presidential candidate. Three members of the Times’ editorial board resigned over the decision. I’m proud of the LA Times’ decision just as I am certain there is no such thing as children of darkness. As with the Times, the decision was handed down by the publisher’s billionaire owner, Amazon founder Jeff Bezos, the newspaper reported.
Persons: Patrick Soon, Shiong, Kamala Harris, Harris, Nika, , ” Patrick, “ Nika, , Barack Obama, Mariel Garza, ” Garza, Donald Trump, I’m, Trump, Jeff Bezos, ” Marty Baron, CNN’s Michael Smerconish Organizations: New, New York CNN, Los Angeles Times, New York Times, Apartheid, LA Times, CNN, Washington Post, Times, Amazon Locations: New York, Gaza
New York CNN —One day after The Washington Post announced it would not endorse a presidential candidate in this year’s election or in the future, its billionaire owner remains silent as the newspaper’s staff are in turmoil. A source with knowledge told CNN on Friday that an endorsement of Vice President Kamala Harris had been drafted before it was squashed. But when Baron was in charge of the newspaper, Bezos “resisted that pressure” and he was “proud” and “grateful” for that leadership. “Bezos has other commercial interests, a big stake and Amazon, he has a space company called Blue Origin,” Baron said. “Reporting around the role of The Washington Post owner and the decision not to publish a presidential endorsement has been inaccurate,” Lewis said.
Persons: Jeff Bezos, Bezos, Kamala Harris, Marty Baron, Trump, , ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Will Lewis’s, Lewis, ” Lewis, , Harris, Robert Kagan, Donald Trump, ” Kagan, CNN’s Erin Burnett OutFront, Steven Cheung, Stephen Miller, Kamala, Bob Woodward, Carl Bernstein, ” “ Organizations: New, New York CNN, Washington Post, CNN, Amazon, , The Washington Post, Post, Blue, Los Angeles Times, Blue Origin, Trump, Washington Locations: New York, America, Washington
Before Jeff Bezos molded Amazon into the world's most profitable online shopping platform, he launched zShops. Formerly called Amazon Auctions, the program allowed third-party sellers to list their products on Amazon. These efforts did, however, lead to the development of Amazon Marketplace, which houses 2.5 million third-party sellers. But not just any kind of failure — productive failure. A productive failure "taught you something about what the path looks like by saying, 'Hey, guess what?
Persons: Jeff Bezos, Bezos, Amy Edmondson, Edmondson Organizations: Amazon, Harvard Business School Locations: zShops
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