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☆ Palmer Luckey says he still holds a grudge over his Meta ousting — but not against Zuck
▼ + stars: | 2024-10-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Palmer Luckey told MIT Technology Review he's still "sore" about being ousted from Facebook in 2017. Luckey, who founded Oculus VR, has since turned his efforts to Anduril, a defense tech company. AdvertisementPalmer Luckey is still angry about his ousting from Facebook eight years ago — but the billionaire virtual reality guru doesn't blame Meta CEO Mark Zuckerberg. Much of his remaining ire, Luckey told the outlet, is reserved for less well-known people involved in the situation, such as public relations agents, reporters, and lawyers. "Anyway," Luckey told MIT.

Persons: Palmer Luckey, Mark Zuckerberg, —, Palmer, Luckey, I'd, I've, it's, It's, Meta —, Facebook —, Donald Trump, Zuckerberg, Zuck, Luckey's, resentments, Andrew Bosworth, Meta Organizations: MIT Technology, Facebook, VR, Service, Meta, Trump, MIT, Reality Labs, Pepperdine University Locations: Luckey, Meta

☆ Israeli strikes dealt a serious blow to Iran's missile operations but far from destroyed them
▼ + stars: | 2024-10-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Satellite images show the strikes caused damage at sites linked to Iran's missile program. Officials and analysts say Iran's missile operations took a hit, but it's unclear how badly. The strikes were a long-awaited response to Iran's massive ballistic missile attack against Israel on October 1, the second such attack this year. AdvertisementHowever, Nadimi said Iran's missile industry is large, dispersed, and hardened underground. The Israeli strikes "can only delay certain processes for weeks or months at best," he said, adding that follow-up strikes likely three times as large would be needed to have lasting effects.

Persons: —, Yoav Gallant, Nadimi, ISW, Michael Allen, Bush, Morteza Nikoubazl, Getty Images Allen, Israel Organizations: Iran, Service, Israel, Israeli Air Force, Israel Defense Forces Iran, Israeli, Planet Labs PBC, Business, Planet, Planet Labs PBC Farzin, The Washington Institute for Near East, Planet Labs PBC Nadimi, Institute for, National Security Council, Getty Images, Royal United Services Institute Locations: Israel, Iran, Tehran, Shahroud, Washington, Russia

☆ UBS believes AI story is still in the 'early innings' and these are the stocks to play it
▼ + stars: | 2024-10-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

"We believe we are still in the early stages of the AI growth story," UBS equity strategist Sundeep Gantori wrote in a Monday note to clients, noting the launch of ChatGPT in 2022 as an inflection point for AI adoption. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities," UBS wrote. Moving forward, UBS sees a favorable risk/reward profile for the name, citing steady iPhone growth and strong growth in its services, among others, as catalysts. UBS thinks this early adopter of AI applications is still "well placed" to benefit from use cases that are relevant to the industry. "While we agree that rising competition will result in some subscriber churn, we expect Netflix to continue to report strong growth globally."

Persons: Sundeep Gantori, Gantori, AAPL, INTC Organizations: UBS, Nvidia, Reality Labs, Apple, Intel, Apple Intelligence, Netflix

☆ How US enterprises drive digital sales with seamless and scalable payment solutions
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +5 min

Companies must consider customers' desire for local payment methods, frictionless transactions, and evolving government regulations. For both enterprises, a payment platform must do more than simply accept transactions: It must easily adapt to different markets, audiences, and regulatory environments. That's why they have chosen a single-source payment platform to help them innovate and grow. This included payment methods like Momo in Vietnam, Bank Transfer in Indonesia, Pix in Brazil, and UPI in India. Seamless payment processes drive businessEnterprises looking to grow need a payment partner that meets business requirements as well as consumer preferences.

Persons: Dave Wolf, Fubo, Erik Gerson, Adyen, Momo, we've, Wolf, tokenization, Gerson Organizations: Companies, Meta, Reality Labs, Fubo, UPI, tokenization, Insider Studios Locations: Vietnam, Indonesia, Pix, Brazil, India, Adyen

☆ Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation
▼ + stars: | 2024-10-28 | by ( Kate Rooney | ) www.cnbc.com time to read: +2 min

Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round. The San Francisco-based company, which was valued at $1 billion in January, raised $175 million in a funding round led by Greenoaks Capital. Sierra is focused on helping enterprises like home security company ADT , Sonos , Weight Watchers and Casper personalize and implement AI agents for customer service. Taylor describes Sierra as "conversational AI," and bristles at the word "chatbot," even banning the phrase in the company's downtown San Francisco office.

Persons: Bret Taylor, Sierra, Taylor, Marc Benioff, Elon Musk, Clay Bavor, Casper personalize, Bavor, ICONIQ, Josh Kushner’s Organizations: Salesforce, Viva Technology Conference, Greenoaks Capital, Twitter, Elon, Google, Sierra, Google Labs, CNBC Locations: Paris, San Francisco

☆ What These Founders Learned From Trying to Take on Elon Musk's Twitter
▼ + stars: | 2024-10-28 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

About three weeks after Elon Musk bought Twitter in October 2022, #RIPTwitter started trending. As the bird app's outlook grew more bleak, several alternative conversation platforms hatched: Narwhal, Spoutible, Spill, Post, and Cohost among them. I talked to several founders about what they learned trying to compete with Musk, and the state of civil discussion online. "There's a ton of power in whoever controls" a big social media platform, Thompson says. Spill, a Black-owned social platform, has been downloaded more than half a million times.

Persons: Elon Musk, RIPTwitter, shitposting, Gabor Cselle, Cselle, Meta, Jack Dorsey, Twitter, Musk, Twitters, he's, imminently, Fortune, Noam Bardin, Andreessen Horowitz, Bardin, Laurene Powell Jobs, Nicholas Thompson, Thompson, Narwhal, Trump, Hitler, Alphonzo Terrell, Kerry Washington, Terrell, there's, Joe Biden, Kamala Harris, Harris, I've, I'm Organizations: Elon, Google, Twitter, Anti Software Software, Politico, Boston Globe, The, Amplica Labs, Democratic, Spill, Phillies

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ Boeing's new CEO is taking on the ultimate management test
▼ + stars: | 2024-10-26 | by ( Tim Paradis | Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's still-new CEO, Kelly Ortberg, faces urgent challenges, including a worker strike. Ortberg is focusing on communication, trust, and future innovation at Boeing to get the company on the right path. Ortberg, in a letter released to employees along with the company's third-quarter results, said Boeing's customers want — and need — the company to succeed. "With the right focus and culture, we can be an iconic company and aerospace leader once again," he wrote. "When you feel that the CEO is with you, and the CEO is feeling your pain, it makes it more tolerable and provides hope for the future," Franklin said.

Persons: Boeing's, Kelly Ortberg, Ortberg, —, we've, Bill George, George, he's, Rosalind Franklin, Boyden, Franklin, Jeffrey Sonnenfeld, who's, Mary Barra, Alan Mulally, Sonnenfeld, haven't, Richard Aboulafia, they're, Aboulafia Organizations: Boeing, Service, Harvard Business School, Yale School of Management, Yale's, Leadership, General Motors, Ford, GM Locations: Seattle

☆ Many Wells in North Carolina Remain Unsafe After Hurricane Helene
▼ + stars: | 2024-10-25 | by ( Mira Rojanasakul | Hiroko Tabuchi | ) www.nytimes.com time to read: +8 min

Many Wells in North Carolina Remain Unsafe After Helene's DelugeWeeks after Hurricane Helene ravaged western North Carolina with a record downpour, many people still do not have clean drinking water. Wilmington Greensboro Raleigh Asheville NORTH CAROLINA Charlotte Fayetteville Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. Raleigh Asheville NORTH CAROLINA Charlotte Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. N.C. Density of private wells About a third of households in counties with FEMA disaster declarations rely on private wells for water. In North Carolina, a third of residents draw on local groundwater from pumps that they alone must test and maintain.

Persons: Hurricane Helene, Jeaneanne Gettle, ”, “, Hurricane Florence, Helene, Kelsey Pieper, Mo ., S.C, Hartwell Carson, “ That’s, Pieper Organizations: Asheville Nags, Greensboro Durham Raleigh Charlotte Fayetteville Wilmington Nags, Greensboro Durham, Greensboro Durham Raleigh Asheville NORTH, FEMA, Wilmington Nags, Greensboro Raleigh, Greensboro Raleigh Asheville NORTH, Wilmington Greensboro Raleigh Asheville NORTH, Raleigh Asheville NORTH, . Environmental, Federal Emergency Management Agency, Private, Environmental Protection Agency, The New York Times, North Carolina Department of Health, Human Services, Northeastern University, Hurricane, Northeastern, Minn ., Neb . Ohio Nev, Ill . Utah Colo, MISS, ALA, TEXAS, Ore, Ill . Utah Md, ., Del . Utah W.Va, Ill . Utah W.Va, S.C . MISS, Waterkeeper Alliance Locations: Wells, North Carolina, United States, Asheville, Greensboro Durham Raleigh Asheville, Fayetteville, Wilmington, Greensboro Raleigh Asheville, Wilmington Greensboro Raleigh Asheville, Raleigh Asheville, Raleigh Asheville NORTH CAROLINA, Raleigh Asheville N.C, Charlotte, N.C, Florence, Wash . Maine, N.D, Vt, N.H, Minn, Minn . Idaho, S.D . Wis, N.Y, Wyo, Mich, Conn, R.I . Iowa, Pa, Neb . Ohio, Md, Del . Ind, Ill . Utah, W.Va . Va . Calif, Kan, Mo, Ky, Tenn, Ariz, ., TEXAS LA, alaska FLA, hawaii, . Maine, Mont, N.H . Idaho, R.I . Mich, Pa . Iowa, W.Va, Colo . Va, Mo . Kan, Calif, Okla, MISS . TEXAS LA, Maine, Mont . Vt, Ore, Wis, S.D, R.I, Nev . Ohio, Del . Utah Md, Colo, W.Va . Va, Okla ., S.C ., Nev . Ohio Md, Ind, Del . Utah, Mass, Idaho, Mo . Kan . Va . Ky, Ore . Idaho, Kan . Va, R.I . Iowa Pa . N.J, . Texas LA, U.S

☆ Innovations in glass technology are driving progress in energy, sustainability, and consumer products. Here's what that looks like.
▼ + stars: | 2024-10-25 | by ( ) www.businessinsider.com time to read: +7 min

Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.

Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America

☆ Unsolved 1979 slaying in Illinois linked to suspected serial killer, authorities say
▼ + stars: | 2024-10-24 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

North Aurora Police Dept. Halle disappeared on March 29, 1979, after she left her apartment complex to pick up her sister at a shopping center, North Aurora Police Detective Ryan Peat told reporters. Peat said investigators in North Aurora relied on a DNA sample from that case to connect Lindahl to Halle's killing. North Aurora police said in a statement Wednesday that Halle's family thanked authorities and said they were grateful to have closure after 45 years. Citing the advancement in DNA technology, the family said: "We are hopeful that other families won’t have to endure the same pain and uncertainty we faced for so many years."

Persons: Kathy Halle, Bruce Lindahl, Charles Huber, Ryan Peat, Lindahl, Halle, Peat, Jamie Mosser, Pamela Maurer, Maurer, Steve DuBois Organizations: Police, Authorities, Associated Press, North Aurora Police, Aurora Police, AP, DNA Labs International, NBC, NBC Chicago ., NBC Chicago . North Aurora Locations: Chicago, North Aurora, Halle, Kane, Lisle, Lindahl, Fox, NBC Chicago, NBC Chicago . North

☆ U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse
▼ + stars: | 2024-10-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."

Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States

☆ Andrej Karpathy's Eureka Labs Aims to Personalize Education Through AI
▼ + stars: | 2024-10-24 | by ( Sri Muppidi | ) www.businessinsider.com time to read: 1 min

Karpathy is the founder and CEO of Eureka Labs, an education AI startup. He's known for his YouTube educational content on AI. Eureka Labs uses an AI teaching assistant to allow students to ask questions and get more of a customized experience than they would otherwise get from a series of recorded lessons. According to its website, the company's first product is an AI course titled LLM101n, which aims to teach students to develop AI models. Karpathy is a renowned AI researcher who has attracted an audience with over a million followers on X and 500,000 YouTube subscribers.

Persons: Karpathy Organizations: Eureka Labs, Stanford

But a group of e-cigarette users are suddenly finding themselves with a little extra cash, thanks to a massive class action settlement involving one of America's tobacco giants. In online forums and on social media this week, users of Juul Labs nicotine products have been posting screenshots of online deposits for hundreds and sometimes thousands of dollars that they now have access to. Juul agreed to a settlement in 2022, but the Altria settlement, which was needed to kickstart payouts, was not approved until earlier this year. And it was only this month that claims for the approximately 842,000 eligible Juul customers began to be verified. Vaping remains mired in controversy in the U.S., as e-cigarette companies and federal regulators continue to haggle over the products’ health effects and marketing guardrails.

Persons: Juul, Altria, Vaping Organizations: Food and Drug Administration Locations: Juul, U.S

☆ 'The million-dollar question of this election': Women's health startups are confronting a shifting legal landscape
▼ + stars: | 2024-10-22 | by ( Melia Russell | Rebecca Torrence | ) www.businessinsider.com time to read: +14 min

Founders of women's health startups feel doubly invested in this election, one of the closest presidential races of the century. They said another Trump victory creates uncertainty for reproductive health startups, from period trackers to online abortion clinics to embryo banks. For startup Julie, the legal status of emergency contraception is the "million dollar question of this election," said Amanda E/J Morrison. Trump's waffling on reproductive rights has put founders of women's health startups on notice. For some founders of women's health startups, this election is more than a political contest; it has ramifications for their livelihoods.

Persons: Julie, Amanda E, J Morrison, Morrison, Lily, Trump, We're, —, Kamala Harris, Trish Costello, Mika Eddy, Eddy, Samuel Corum, Jane, Roe, Wade, Hey Jane, Carli Sapir, Sapir, Donald Trump, Mark Wilson, Flo, Deena Shakir, Lauren Berson Sugarman, Berson, Alice Zheng, Zheng, Julie's, Dobbs, TikTok influencers, Julie swag, Julie Julie's, It's, Melia Russell, Rebecca Torrence Organizations: Suffolk University, Trump, Getty, Amboy Ventures, White, Lux Capital, Maven, Sciences, Vitra Labs, Investors, Walmart, JAMA, Business Locations: New York, Boston, Texas, California, we're, Roe America, Alabama

☆ Stratospheric, AI-enabled robotic cameras on balloons could help you get your insurance claim check faster
▼ + stars: | 2024-10-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

New technology, however, using drones, artificial intelligence and weather balloons aims to modernize and accelerate that process. Near Space Labs, a Brooklyn, New York-based startup, invented "Swifts," or stratospheric, AI-enabled robotic cameras that fly on weather balloons. The giant weather balloons fly twice as high as airplanes cruise. Insurance and reinsurance companies, like Swiss Re, are using Near Space to help them understand and price risk. In addition to Third Sphere, Near Space Labs is backed by Crosslink Capital, Wireframe Ventures, IAG Firemark Ventures, Toyota Ventures and Leadout Capital.

Persons: Helene, Milton, Rema Matevosyan, Matevosyan, Shaun Abrahamson, Lisa Rizzolo Organizations: Space Labs, Labs, Swifts, Insurance, Swiss, Crosslink, Wireframe Ventures, IAG Firemark Ventures, Toyota Ventures, Leadout, CNBC Locations: Brooklyn , New York

☆ BlackRock unveils active fund that aims to track changing AI trade over time
▼ + stars: | 2024-10-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Tony Kim, head of the fundamental equities technology group at BlackRock , is helming a new AI-focused fund launching on Tuesday. The top holdings in the ETF at launch are some of biggest names in the AI trade, including Nvidia and Microsoft . The AI Trade The excitement around the AI trade may have recently lost some of its luster for short-term traders. The valuations of some of the trendy AI stocks have also been a worry for some investors since AI took off with the introduction of ChatGPT in late 2022 . BlackRock is launching a similar fund in an ETF wrapper on Tuesday, the iShares Technology Opportunities Active ETF (TEK), with Kim as one of the managers.

Persons: Tony Kim, Kim, What's, —, TEK Organizations: BlackRock, Innovation, Tech, ETF, Nvidia, Microsoft, Astera Labs, Hitachi, Nasdaq, Apple, BlackRock Technology, Fund, BAI Locations: BlackRock

☆ Near Space Labs is using robotic balloons to create a faster way to map insurance risk
▼ + stars: | 2024-10-21 | 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 EmailNear Space Labs is using robotic balloons to create a faster way to map insurance riskCNBC’s Diana Olick joins 'Power Lunch' to discuss how a startup is using robotic balloons to map climate risk.

Persons: Diana Olick Organizations: Labs

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ I'm a biohacker who wants to live to 150. I asked my husband to do health tests before we started dating and I'm now the 'Chief Health Officer' of our relationship.
▼ + stars: | 2024-10-21 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Barnes-Lentz is the "Chief Health Officer" in her relationship, and has introduced her husband to treatments such as red light therapy. I asked him for health test results really early on because we were excited to be able to optimize our health together. He was ambitious, we shared faith, he had an interest in health, and we wanted the same things for our futures.

Persons: Kayla Barnes, Lentz, Barnes, —, Masha Maltsava, Warren, I've, Warren Lentz Organizations: Service, Raya Locations: LA, Cleveland

☆ Harris entered October with big cash edge over Trump
▼ + stars: | 2024-10-21 | by ( David Wright | Fredreka Schouten | ) edition.cnn.com time to read: +4 min

The Harris campaign has touted its small-dollar donations, saying that nearly two-thirds of the money raised in September came from grassroots donors. The Harris campaign outspent Trump on advertising in September, about $196 million to $73 million. Mellon’s September contribution accounted for more than 60% of the money the super PAC took in last month. Wealthy Democrats also rally to HarrisThe new filings Sunday night also showed some of the Democratic Party’s wealthiest supporters and other notable names rallying to support Harris’ campaign. In August, FEC records show Larsen making a $1 million contribution to the super PAC in XRP, his company’s digital currency.

Persons: Kamala Harris, Donald Trump’s, Harris, outraised, Harris ’, Tim Walz, –, Joe Biden, outspent, Timothy Mellon, Mellon, Robert F, Kennedy Jr, ’, Dustin Moskovitz, Christian Larsen, Larsen, JB Pritzker, Stephen Mandel, Susan, James Murdoch, Kathryn, Murdoch, Rupert Murdoch, James, Kathryn Murdoch, CNN’s Alex Leeds Matthews Organizations: CNN, Democratic Party, Republican, Federal, Commission, outraised Trump, White, Minnesota Gov, Democratic, Trump, outspent Trump, Inc, PAC, Democrats, Democratic Party’s, FF PAC, Facebook, Labs, FEC, Fox, News Corp Locations: Boston, Greenwich , Connecticut, XRP, Illinois

☆ Top crypto PAC targets close House races as 2024 election hits final stages
▼ + stars: | 2024-10-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.

Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah

☆ Venture capital is going to war over the election. Here's the data to prove it.
▼ + stars: | 2024-10-19 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +10 min

VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.

Persons: Reid Hoffman, Kamala Harris, —, hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire

☆ Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
▼ + stars: | 2024-10-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.

Persons: —, Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley

☆ Meta reorganized some of its biggest businesses and eliminated some roles
▼ + stars: | 2024-10-17 | by ( Kelsey Vlamis | Sydney Bradley | ) www.businessinsider.com time to read: +2 min

Meta reorganized some of its major units, cutting roles at Instagram, Reality Labs, and WhatsApp. A Meta spokesperson said the company was also moving some teams to different locations. AdvertisementMeta said Wednesday it reorganized some of its biggest businesses in a move that eliminated some roles at units including Instagram, Reality Labs, and WhatsApp. A spokesperson said in a statement that Meta was looking for jobs for staff whose roles were eliminated. "This includes moving some teams to different locations, and moving some employees to different roles."

Persons: Mark Zuckerberg's, —, Meta, Jane Manchun Wong, Wong, Mark Zuckerberg Organizations: Meta, Reality Labs, Service Locations: Meta

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