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Investors have questioned the wisdom of that decision as Meta's core advertising business has struggled this year, more than halving its stock price. In his remarks to employees, Zuckerberg played down how much the company was spending in Reality Labs, the unit responsible for its metaverse investments. About 20% of Meta's budget was going to Reality Labs. About 40% of Reality Labs' budget went toward virtual reality, while about 10% was spent on futuristic social platforms such as the virtual world it calls Horizon. Chief Technology Officer Andrew Bosworth, who runs Reality Labs, said AR glasses need to be more useful than mobile phones to appeal to potential customers and meet a higher bar for attractiveness.

☆ Meet Donald Trump's children with Ivana Trump, Marla Maples, and Melania Trump
▼ + stars: | 2022-11-09 | by ( Business Insider | Lloyd Lee | ) www.businessinsider.com time to read: +12 min

Donald Trump has five children between two of his former wives and his current wife Melania Trump. Donald Trump Jr., Eric Trump, and Ivanka Trump are children with his first wife, Ivana Trump, who died on July 14. Getty Images/Joe CorriganNow a father of five, Donald Trump Jr. was 12 when Ivana Trump and Donald Trump Sr. divorced. In 2001, a year after he graduated from college, Donald Trump Jr. went to work for his dad for the second time. He told New York magazine that Donald Trump Jr. is like his mentor and Ivanka Trump is like his second mother.

☆ Pentagon, U.S. arms makers to meet on labor and supply chain
▼ + stars: | 2022-11-04 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

Prior meetings between Pentagon officials and top arms makers including Lockheed Martin Corp (LMT.N), Raytheon Technologies Corp (RTX.N) and General Dynamics Corp (GD.N) were focused on Ukraine and hypersonic weapon development. Pandemic related supply-chain issues are still hurting defense contractors because components and materials fail to arrive on time, which delays production and ultimately payment. read moreTHE LONGEST POLEIn the meantime, the defense industry is taking steps on its own to shore up supplies and labor. "If I had to boil it down to the longest pole in the tent, it's the labor issues that are pervasive throughout the supply chain," Raytheon Chief Financial Officer Neil Mitchill told Reuters. read moreReporting by Mike Stone in Washington; Editing by Alexandra Alper and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Nov 3 (Reuters) - Elon Musk has directed Twitter Inc's teams to find over $1 billion in annual infrastructure cost savings by cutting cloud services and extra server space, according to two sources familiar with the matter and an internal Slack message seen by Reuters. The company is aiming to find up to $3 million per day in infrastructure savings, the Slack message said. Such steep cuts could put the Twitter website and app at risk of going down during high-traffic moments, such as the upcoming U.S. midterm election, the source said. Twitter did not immediately respond to request for comment. Reporting by Sheila Dang in Dallas, Paresh Dave in Oakland, Calif.,and Katie Paul Editing by Kenneth Li and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Twitter is currently losing about $3 million a day "with all spending and revenue considered," according to an internal document reviewed by Reuters. The social media platform is exploring whether to cut extra server space that is kept to ensure Twitter can handle high traffic, one source said. The second source described the proposed cuts as "delusional," adding that when user traffic kicks up, the service can fail "in spectacular ways." Teams across Twitter are racing to present a plan to achieve the cost savings by a Nov. 7 deadline, according to one of the sources and the Slack message. Some employees have been ordered to work in the office every day of the week to meet the deadline, the source said.

The company's shares were down 4.9% at $505 before the bell despite forecasting 4% to 5% revenue growth in 2023. Northrop had forecast 2022 sales in the range of $36.2 billion to $36.6 billion, and a profit per share between $24.50 and $25.10. Northrop, is now seeing improving trends in labor availability after struggling with labor challenges caused by the Omicron variant of COVID-19. Overall revenue rose 3% in the quarter to $8.97 billion, but missed analysts' average expectation of $9.13 billion, as per Refinitiv data. Sales at the Space Systems division, aided by higher demand for space exploration, rose about 18% to $3.16 billion, helping the Falls Church, Virginia-based company offset lower sales at the aeronautics and defense units.

☆ Managing up can protect your career in a recession. Here's a guide to managing your boss, according to organizational behavior experts.
▼ + stars: | 2022-09-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Definitions vary, but behavioral experts say it's about managing your relationship with your boss. Insider spoke to two behavioral experts who explained how it can protect your career in a recession. The thought of "managing" your boss might sound like a daunting task, but behavioral experts suggest that managing up can protect your career in a recession. Definitions of the phrase vary, but it's really about "managing the relationship that you have with your boss," according to Andy Molinsky, professor of organizational behavior at Brandeis International Business School. "I think the idea of managing your boss almost feels shocking," Molinsky said in an interview.

☆ There's a surprising upside to inflation: Workers in 8 states will get a raise
▼ + stars: | 2022-09-13 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

In eight states, the minimum wage rises to track year-over-year inflation from August to August. But there's one silver lining of inflation still lingering high in August: Minimum-wage workers in a handful of states are set to get raises. "Worker wages are in fact declining in real value, and so indexing the minimum wage to inflation helps alleviate the challenges posed by inflation." The minimum wage will remain $7.25 in many states, thoughThe inflation-linked increases will also only widen the chasm in pay for minimum wage workers in states that haven't touched their minimum wage in years. A recent study found that increasing the minimum wage to $15 an hour would lift 7.6 million people out of poverty.

☆ Former MoviePass CEO Mitch Lowe looks back on the mistakes that led to the startup's collapse
▼ + stars: | 2022-09-06 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +19 min

Mitch Lowe, who has been a leader at Netflix, Redbox, and MoviePass, is releasing his book "Watch and Learn" on September 6. (L-R) MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth. I never tried to quiet people internally, if they said something wasn't going well I always embraced it. Like you wrote that you "didn't know jack shit" when you first started at Netflix. When I was offered to be CEO of MoviePass, I felt my whole career had led up to this moment.

„Părinţii ne ajută să devenim oameni, cărţile să rămânem.” 15 citate mereu actuale despre cărțiCartea este hrana noastră spirituală care nu ne lasă să uităm cuvintele și ne ajută în cultivarea unui vocabular bogat. „Nu poţi deschide o carte şi să nu înveţi ceva.” – Confucius#2. „Părinţii ne ajută să devenim oameni, cărţile să rămânem.” – Aurelian Silvestru#8. O carte din bibliotecă ţine la fel de mult ca o casă, pentru sute de ani. O carte este ca un vis pe care îl împrumuţi de la un prieten.” – Dave Kellett

Persons: Confucius, Costel, Dostoievski, Aurelian Silvestru, Nicky, Michel de Montaigne, Barbara, Paul Sweeney, Mihai Eminescu, Thomas Jefferson, Dave Organizations: citate.blog

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

Persons: John Travolta, He'd, " Gotti, John Gotti, Travolta, Ted Farnsworth, Mitch Lowe, who'd, he'd, Farnsworth, Lowe, Gotti, Dave Kotinsky, Samantha Lee, Stacy Spikes, Spikes, Spikes wasn't, MoviePass, —, Ava DuVernay, Malcolm D, Lee, Hulu, Hamet Watt, Chance Yeh, He's balding, He's, Ted I, La Toya Jackson, couldn't, Matheson, Watt, Helios, Mitch, Ted, MoviePass swag, Dennis Rodman, Jerry Media, hite, Boi, ann u, abi l, tim e, red tha, ord, ul, hal, ove, flo, ann o, bec, lon, Jen, liv, dre Organizations: HBO, Manhattan's SVA, Helios, Matheson Analytics, Netflix, Matheson, MoviePass, SEC, Sony, Miramax, Loews Cineplex, Spotify, Pandora, AOL, True Ventures, Business, Ventures, AMC, Federal Communications Commission, Matheson's, Reuters, Hulu, Coachella Valley Music, Arts Festival, Jerry, acc, pla Locations: Manhattan's, MoviePass, Houston , Texas, San Francisco, America, New York, Florida, India, New, Palm Springs , California, Coachella, fes, ord, pla, Mo

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