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☆ Meta's AI keeps pretending to be me and giving my phone number out to strangers
▼ + stars: | 2024-08-05 | by ( Rob Price | ) www.businessinsider.com time to read: +10 min

You only need to save my phone number," the AI responded in Spanish — before sharing my phone number. Someone in this WhatsApp group had asked Meta AI for its phone number — and again it shared my number. It had replied that it did, and Maxi simply had to message a phone number — my phone number — to access the content. Since I asked Meta's communications team for help, I haven't received any more messages from people looking for Meta AI. Another time, Meta AI said it didn't have a phone number (it actually does, +1 313-555-0002, although it doesn't advertise it publicly).

Persons: Franco, escuadron lobo, Tell Gretel, he'd, Franco chimed, Meta, chatbot, Taylor, Taylor Swift, Maxi, I'm, I've, Pablo Morano, Meta's Emil Vazquez, Mark Zuckerberg, that's, Axel Springer, Cooper Neill, Getty, LLMs, Meta's, haven't, you've Organizations: Meta, alfa buena, Alpha, Business, Tech, LinkedIn, Facebook, Team Alpha, Squadron, Maxi, BSR Agency, Business Insider, CBC News Locations: Peruvian, Spanish, LLMs, scammers, WhatsApp, Memphis , Tennessee

☆ Texas youth lockups are beset by abuse and mistreatment of children, Justice Department report says
▼ + stars: | 2024-08-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

The report comes three years after the department launched a federal investigation into alleged widespread abuse and harsh practices within the Texas Juvenile Justice Department, which takes in hundreds of young people every year. Clarke also noted that about 80% of Texas children in the lockups are Black or Hispanic. Mental health concerns, such as suicidal ideation and self-harm, were ignored while children were routinely punished for their behavior, according to the federal report. But it hasn’t been enough.”In 2021, the Justice Department opened an investigation into Texas’ five juvenile facilities after advocates filed a complaint. Texas is not the only state facing federal investigations by the government, or lawsuits from former incarcerated children over harsh conditions in youth lockups.

Persons: Kristen Clarke, Clarke, ’ ’, “, Spokespeople, Greg Abbott’s, ideation, Lone, Elizabeth Henneke, Henneke, Clark Organizations: Justice Department, Texas Juvenile Justice Department, Staff, ”, Republican Gov, Lone Stare Justice Alliance Locations: Texas, “ The Texas, . Texas, Illinois , Pennsylvania, Maryland, New Jersey

☆ Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
▼ + stars: | 2024-08-02 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm's 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according to people with knowledge of the policy. Those funds are BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund, the people said. The move from Morgan Stanley, one of the world's largest wealth management firms, is the latest sign of the adoption of bitcoin by mainstream finance. In January, the U.S. Securities and Exchange Commission approved applications for 11 spot bitcoin ETFs, heralding the arrival of an investment vehicle for bitcoin that is easier to access, cheaper to own and more readily traded.

Persons: Morgan Stanley, Fidelity's, Jamie Dimon, Warren Buffett, it's, Goldman Sachs, Wells, spokespeople Organizations: CNBC, Bitcoin, U.S . Securities, Exchange Commission, JPMorgan Chase, Berkshire Hathaway, JPMorgan, Bank of America

☆ Millennial Internet Is Dead; RIP Neopets, Club Penguin, and Webkinz
▼ + stars: | 2024-08-01 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +13 min

At Club Penguin, I adopted colorful pets called puffles and purchased kitsch furniture for my virtual igloo. "I was big on Club Penguin, Wizard101, Moshi Monsters, and this obscure one called Ourworld," he told me. Club Penguin, which ran from 2005 to 2017, stands out as one of the era's most beloved virtual worlds. "That same generation logged into Club Penguin to play with friends." In 2017 it shut down Club Penguin and replaced it with a mobile version, Club Penguin Island.

Persons: millennials, Gen Zers, Dylan Maleno, Lance Priebe, I'd, Jake Hahn, they're, Sara Grimes, weren't, Flappy Bird, Disney, Toontown, they've, MMOs, Roblox, Ashley Hernandez, " Hernandez, Neopets, Dominic Law, Aimee Pearcy Organizations: Penguin, Disney, University of Toronto's, of Information, Fortnite, Facebook, The New York Times Locations: Pennsylvania, Wizard101, Moshi, Illinois, Fortnite, New York City

☆ Boeing 737 Max crash families say planemaker should face much higher fine
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +3 min

Families for some of the 346 people killed in two fatal Boeing 737 Max crashes said on Wednesday a U.S. judge should reject the planemaker's proposed plea deal with the Justice Department and the government should seek a much higher fine. Spokespeople for Boeing and the Justice Department did not immediately comment on the families' filings. The DOJ told Boeing earlier this month it could accept a settlement that branded the planemaker a felon or fight the charge in court. The Justice Department has a separate criminal probe ongoing into the Alaska Airlines jet that was missing four key bolts. The company's board -- including new CEO -- must meet with the victims' families within four months of sentencing.

Persons: Nadia Milleron, Samya Stumo, Dennis Muilenburg, Hart, Paul Cassell, Cassell, Adrian Vuckovich, Max Organizations: Ethiopian Airlines, Boeing, Senate Commerce, Science, Justice Department, DOJ, The, Department, Alaska Airlines Locations: Indonesia, Ethiopia

☆ Why Chinese Propaganda Loves Foreign Travel Bloggers
▼ + stars: | 2024-07-31 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

Spend some time browsing YouTube or Instagram and you might come across a growing new genre: China travel vlogs. The videos are even more popular on Chinese social media. YouTube and Instagram are banned in China, but Chinese users have found ways to reshare them to Chinese sites, to avid followings. The bloggers have been interviewed by Chinese state media and their experiences promoted with trending hashtags such as “Foreign tourists have become our internet spokespeople.”The emergence of these videos reflects the return of foreign travelers to China after the country isolated itself for three years during the Covid pandemic. Travel bloggers have leaped at the chance to see a country to which they previously had limited access.

Persons: marveling Organizations: YouTube Locations: China, Shanghai, British, Xinjiang

☆ Secret Service detains man for incident involving security detail for Harris’ stepdaughter
▼ + stars: | 2024-07-31 | by ( Betsy Klein | ) edition.cnn.com time to read: +1 min

CNN —The US Secret Service protective detail of Vice President Kamala Harris’ stepdaughter Ella Emhoff was involved in an incident Tuesday in which a man caused damage to two of her protective detail’s vehicles in New York City. The man was detained by USSS with New York authorities putting him in police custody. “Secret Service Agents quickly detained the individual until local authorities arrived and placed the individual into police custody,” Byrne said. “At no point was any protectee in danger as a result of this incident.”Spokespeople for the vice president and second gentleman did not immediately respond to CNN’s request for comment. It’s not the first incident involving a USSS protectee’s vehicle.

Persons: Kamala Harris ’, Ella Emhoff, ”, James Byrne, Donald Trump –, Kimberly Cheatle, ” Byrne, “, ” Spokespeople, It’s, Joe Biden’s, Naomi Organizations: CNN, Service, United States Secret Locations: New York City, “, Manhattan, New York, Georgetown

☆ How Group Black's $500 million promise to Black-owned media unraveled
▼ + stars: | 2024-07-24 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +16 min

Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.

Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes

☆ Outbrain is closing in on a deal to merge with Altice-owned adtech company Teads
▼ + stars: | 2024-07-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Read previewContent recommendation firm Outbrain is closing in on a deal to acquire or merge with Teads, the adtech company owned by European telecommunications giant Altice, according to four sources familiar with the matter. Spokespeople for Outbrain and Teads said it was company policy not to comment on M&A speculation. Teads parent company Altice International reported net debt of 9.2 billion euros, around $10 billion, at the end of the first quarter, while Altice France had some 24 billion euros, about $26 billion, in debt in the same period. AdvertisementTeads reported 601 million euros ($654 million) in revenue in 2023, down 5.5% from the prior year. Its adjusted earnings before income tax depreciation and amortization were 157 million euros ($170 million), an 8.7% decrease from 2022.

Persons: —, Outbrain, couldn't, Teads, it's, Taboola, Patrick Drahi, pare, Altice, Moody's, Morgan Stanley Organizations: Service, Business, Altice, chum, CNN, Fox News, Altice International, Drahi Locations: Altice France, USA, France

☆ ‘Morning Joe’ backlash is latest mess for NBC and Comcast executives
▼ + stars: | 2024-07-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

Joe Scarborough, speaking alongside co-hosts Mika Brzezinski and Willie Geist, offered viewers a peek behind the curtain into the conspicuous decision-making process that transpired over the weekend. Without “Morning Joe” airing on Monday, viewers rebelled against MSNBC, opting to change the channel, Nielsen data indicated. The move to bench the “Morning Joe” crew, after all, didn’t happen in a vacuum. Which is why, perhaps, Comcast is involved in cleaning up the “Morning Joe” mess. I’m told that the company’s president, Mike Cavanagh, rescheduled meetings on Tuesday to grapple with the fallout stemming from the “Morning Joe” commentary.

Persons: CNN — Cesar Conde, —, Joe ”, Donald Trump, Joe Scarborough, Mika Brzezinski, Willie Geist, Scarborough, “, Lester Holt, Savannah Guthrie, Joe, ”, ” Scarborough, Joe Biden, Nancy Pelosi, Conde, Trump, Brian Roberts, Roberts, ” Trump, radicalizing, Donald Trump Jr, Sarah Huckabee Sanders, it’s, I’m, Mike Cavanagh, bode Organizations: CNN, MSNBC, NBC, Group chairman’s, Nielsen, NBC News Group, Comcast, RNC, NBCU, — Locations: Scarborough, Savannah, Acela

☆ What we know about Usha Vance's politics
▼ + stars: | 2024-07-17 | by ( Alice Tecotzky | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewUsha Vance's classmates at Yale Law School didn't know much about her politics. Less obvious, however, is Usha Vance's political orientation and relationship to the newfound national spotlight. In 2022, two colleagues at the firm described Usha Vance as liberal or moderate to The Times. When JD Vance was himself running for Senate, Usha Vance appeared in his very first campaign ad, sitting in front of a bookshelf and talking about their three children. AdvertisementWhile Usha Vance's political orientations and interest in life as a national figure remain foggy, her devotion to her husband has seemed strong since her days at Yale Law School.

Persons: —, Usha Vance's, Yale Law School didn't, Marvin Lim, Usha, Elliot Forhan, Usha Chilukuri, JD Vance, Lim, Usha Vance, Vikram Rao, Gabriel Winant, Vance's spokespeople, Vance, SCOTUS Brett Kavanaugh, John Roberts, Munger, Olson, Blake Masters, Vance hasn't Organizations: Service, Yale Law School, Democrat, Business, New York Times, Times, Yale, Cambridge, The Times, Tolles, GOP, American, Newsmax, Fox & Friends, JD, Republican, Convention Locations: Georgia, Ohio, San Diego, Arizona

☆ Unearthed 1980s Bill Gates interview features the Microsoft founder talking about the earliest iterations of AI
▼ + stars: | 2024-07-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewA newly unearthed interview from the 1980s features Bill Gates talking about one of the earliest iterations of artificial intelligence. This story is available exclusively to Business Insider subscribers. "The Interviews on these radio episodes provided a contemporary account of the dawn of the microcomputer revolution — not tainted by nostalgia," Savetz told Business Insider in an email. "In the extreme case," Gates said in the 1984 interview, "once software gets 100% soft, then we will have achieved human level of intelligence. AdvertisementSpokespeople for Gates and Microsoft did not return a request for comment from BI.

Persons: —, Bill Gates, Kay Savetz, Savetz, Gates, you've, you'll, Insider's Ashley Stewart Organizations: Service, Microsoft, Business, Census Bureau, Gates

☆ Illegal Eviction Complaints Rise As Police Fail to Enforce
▼ + stars: | 2024-07-10 | by ( Cecilia Reyes | ) www.businessinsider.com time to read: +44 min

The nature of illegal lockouts means they are hard to track directly. One of the responding officers calls a sergeant over, who says there's nothing else they can do. While only 14% of lockout calls led to a police report, 86% of calls about shoplifting did. As they walk over, one of the officers tells the other to look up "illegal lockout" on his phone. A 2006 bill that would have defined illegal lockouts for all Illinois residents was defeated.

Persons: Alfred Perry, He'd, Perry, Dan Wright, Perry didn't, Wright, Bridget Bennett, Dan hadn't, I'd, he'd, Charlie Bliss, Matthew Desmond, Lockouts, Jersey City's, haven't, he's, David Leibowitz, Leibowitz, —, Pretium —, Kristi DesJarlais, Siegel, Sean Thueson , , Thueson, Blackstone, lockouts, Pretium, Katherine Kelly, RealPage, Jennifer Bowcock, William Prosser ,, they're, Donna Rossi, Sara Heymann, Meghan Aguilar, Misty Skinner, Skinner, Levi Wilhelm, It's, hasn't, I've, Wilhelm, they'd, Jeffrey Uno, Deirdre Orange, isn't, Daniel Benavidez, Jenny Chavez, criminalizing, Rob Bonta, Eric Carter, John Bartlett, Carter, Fred Fuchs, Steve Cohen, Michael Bennet, Sarah Saadian, Douglas Farrar, Kelly, Fuchs, Heymann, who've Organizations: Labor, Chrysler, Social Security, Business, North Las Vegas Police Department, Child Protective Services, Las Vegas Justice, Atlanta Legal, Atlanta Police Department, Atlanta, Supreme, Department of Housing, Los Angeles Police Department, Houston —, Arizona, Housing Association, Invitation Homes, Siegel, Siegel Group, Blackstone ., Progress, Homes, Union, city's Housing Department, Miami, Police, Houston, Houston Police Department, Phoenix, Criminal, Chicago, Chicago Department, LAPD, Records, Jersey City, Las Vegas Metropolitan Police Department, Las Vegas Metro Police, Legal, Foundation of Los, Phoenix Police Department, Fulton County Marshal's Department, Avondale Police Department, Avondale Police, Metropolitan Tenants Organization, Texas Justice Court, Court Training Center, Illinois, National Weather Service, Democratic, Senate, Income Housing Coalition, Consumer Financial Protection Bureau, Federal Trade Commission, FTC, AGs Locations: Las Vegas, Detroit, Vegas, United States, Perry's, Princeton, Milwaukee, Los Angeles, Chicago, Atlanta, South Chicago, Phoenix, Jersey, New Jersey, Jersey City, Houston, Nevada, . Texas, Harris County, Texas, Arizona, Washington, city's, Atlanta , Miami, California, New York City, Spring Valley, Spring Valley , Nevada, Las, Foundation of Los Angeles, Avondale , Arizona, Arkansas, Georgia , Mississippi, Pennsylvania, Wyoming, In Connecticut , Massachusetts, Minnesota , New Jersey, New York, Delaware, Illinois

☆ Paramount Global agrees to merge with Skydance: reports
▼ + stars: | 2024-07-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Paramount Global's board approved a merger with Skydance on Sunday, multiple outlets reported. This marks the end of a tumultuous deal process and a new era for the troubled media giant. AdvertisementParamount Global, the troubled media giant that owns CBS and Nickelodeon, has agreed to merge with David Ellison's Skydance Media production company, according to multiple reports. Spokespeople for Paramount and Skydance did not immediately return a request for comment from Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, David Ellison's, Spokespeople, Skydance Organizations: Paramount, Skydance, Service, CBS, Nickelodeon, Media, New York Times, Business

☆ Amazon's amazing turnaround: How Andy Jassy secretly wooed Wall Street and overhauled a bloated tech giant
▼ + stars: | 2024-07-08 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.

Persons: —, Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle

☆ Waymo's robotaxis are better than some San Francisco drivers
▼ + stars: | 2024-07-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

Waymo's autonomous driver is pretty damn smart, and aside from a few hesitations, the robotaxi offers a smooth, comfortable experience with competitive pricing against other ride-hailing apps. Lloyd Lee/Business InsiderWaymo's 5th generation autonomous driver could be best described as a safe but not an annoyingly cautious driver. It did the same thing to give itself more room when it detected a large parked bucket truck slightly in Waymo's lane. The expectation I had that the Waymo driver would be stiff, as the term "robot taxi" might suggest, was dispelled throughout the rides. The spokesperson said it's also possible I failed to notice something the Waymo car picked up.

Persons: —, San Francisco —, Uber, Lloyd Lee, Spokespeople, Lyft, Andrew Macdonald, Uber's, Waymo, Waymo's, BI's Peter Kafka, it's Organizations: Service, Business, Financial, SF, PACE, Jaguars Locations: San Francisco, Los Angeles, Austin, Pine

☆ Influencers have changed the ad industry. Now what?
▼ + stars: | 2024-07-04 | by ( Gaelle Legrand | ) www.cnbc.com time to read: +9 min

Commercial playsTania Bryer: In 1994, it was considered groundbreaking – using an ad to flip gender roles on their head. They're somehow interacting with brands through the prism of influencers, and it gives them a way to talk back. Tania Bryer: A 2019 Edelman study revealed that consumers' trust in the brands they purchase from had declined, but trust in influencers was up. Tania Bryer: And Chawawa says that trust also extends to the type of influencer brands work with. Tania Bryer: And while that may be convenient for brands, creator economy strategist Jamie Gutfreund says it can hurt influencers.

Persons: Tania Bryer, Munya Chawawa, Instagram, Munya, Richard Edelman, Edelman, They're, Joe Gagliese, There's, that's, it's, TikTok, Blake Chandlee, Goldman Sachs, You've, I've, copywriters, Emily, Jamie Gutfreund, influencers Organizations: YouTube, Trust, influencers Locations: influencers, Paris

☆ Burgum set to decide on massive pipeline project that’s pitting his rural constituents against GOP megadonors
▼ + stars: | 2024-07-03 | by ( Allison Gordon | Casey Tolan | ) edition.cnn.com time to read: +17 min

Hamm also donated $50 million toward Burgum’s effort to build a presidential library honoring Theodore Roosevelt in North Dakota. CNBC first reported on Burgum’s financial ties with Continental, and the Associated Press previously reported on the politics of the Summit pipeline debate. Gaylen Dewing and Marvin Abraham put up a sign opposing the Summit pipeline east of Bismarck, N.D. in August 2023. Supporters say it will be an economic driver for North Dakota and help reduce emissions across the Midwest. North Dakota landowner Kurt Swenson attends a court hearing related to the pipeline project.

Persons: Donald Trump, Doug Burgum, GOP megadonors, –, That’s, ” Troy Coons, “ It’s, Al Drago, Burgum, ingratiated, Biden, Trump, “, ”, Joe Biden’s, Bruce Rastetter, Harold Hamm, Evan Vucci, Hamm, Theodore Roosevelt, ” Burgum, Rob Lockwood, Gary Tharaldson, Tharaldson, Justin Lane, who’s, Scott Skokos, ” Lockwood, ” Virginia Canter, ” Canter, “ Burgum, Drew Wrigley, Doug Goehring, don’t, Forbes, Sen, Jeff Magrum, Gaylen Dewing, Marvin Abraham, Jack Dura, Derrick Braaten, “ You’ll, Kurt Swenson's, Joe Swenson, Mike Bauman, Bauman, ” Bauman, Terry Wanzek, Mike Haupt, ” Haupt, Kurt Swenson, Kurt Swenson Kurt Swenson, ” Swenson, “ You’re, Swenson, CNN’s Alayna Treene Organizations: CNN, North Dakota Gov, GOP, Bloomberg, Getty, North, of Environmental, Trump, Republican, Associated Press, AP . Pipeline, Carbon Solutions, Midwest Carbon Express, Summit Agricultural, Iowa GOP, Continental Resources, Securities, Exchange, Continental, AP Continental, Burgum, CNBC, Forbes, Washington Post, Dakota Resource Council, North Dakota Industrial Commission, Summit, Rastetter, AP, Conservatives, Sierra Club, Farm, North Dakota Monitor Locations: North Dakota, Laconia , New Hampshire, Lago, North Dakota’s, Burgum, Pittsburgh, Hamm, Roosevelt, spokespeople, Trump's New York City, Washington, Iowa, Tharaldson, Bismarck, Kurt Swenson's North Dakota, Mercer County

Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources. They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund. "The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28. In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.

Persons: Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio Organizations: Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson Locations: Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York

☆ Paramount is hunting for a streaming partner, could kick off a wave of deals
▼ + stars: | 2024-07-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. One of the companies that has expressed a desire to reach a deal is Warner Bros. Warner Bros. Discovery held preliminary merger talks for a deal for all of Paramount Global earlier this year, but talks didn't escalate. Warner Bros.

Persons: Chris McCarthy, McCarthy, hasn't, Max, NBCUniversal, Peacock Organizations: Paramount Global, Paramount, Warner Bros, Netflix, Hulu, ESPN, Discovery, CNBC, U.S, Wall Street Journal

☆ A crisis comms expert says now is Gavin Newsom's chance to get what he wants: the presidency
▼ + stars: | 2024-06-28 | by ( Aditi Bharade | Lloyd Lee | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The high-stakes presidential debate between President Joe Biden and former President Donald Trump wrapped up on Thursday night, and it went horribly for Biden. This story is available exclusively to Business Insider subscribers. However, when asked later in September whether he intends to run for the presidency, Newsom's answer wasn't an outright "no." Representatives for Biden did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Gavin Newsom, Joe Biden, Donald Trump, Biden, Evan Siegfried, Siegfried, Newsom, Newsom's, Will Newsom, Ron DeSantis, DeSantis, Cecilia Vega, Vega, Alex Wagner, Wagner, “, ”, J5G9XGNYWn —, Kamala Harris, Gretchen Whitmer, Sen, Amy Klobuchar, Trump, spokespeople Organizations: Service, GOP, Democratic, Business, Gov, White, Politico, Associated Press, Fox, Biden, MSNBC, J5G9XGNYWn — MSNBC, Business Insider Locations: California, Florida, Michigan, Minnesota

☆ Have private equity's 'Hunger Games' recruiting tactics gone too far?
▼ + stars: | 2024-06-28 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

The on-cycle recruiting process is not easy on these young bankers, who are often already working 80+ hour weeks in their new investment-banking jobs. The conventional wisdom on Wall Street has always been that the most hawkish PE firms walk away with the most impressive candidates. Odyssey doesn't participate in on-cycle recruiting because it prefers to fill positions in what is known as "off-cycle," or the months that follow the initial recruiting process. It all leaves me thinking about the PE recruiting cycles of the future. To be overly cautious, I've already penciled in a calendar reminder for 2025: "Monitor for PE recruiting cycle kickoff."

Persons: Thoma, Goldman Sachs, haven't, Emmalyse Brownstein, Anthony Keizner, They're, Keizner, spokespeople, —, I've, I'm Organizations: Service, Wall, Business, Apollo, KKR, Thoma Bravo, JPMorgan, Search, Rice, BI, TPG, Bain Capital Locations: freaked, New York City, New York, Clayton, Dubilier, Thailand

☆ New report reveals a major reason Michelle Obama isn't campaigning for Biden
▼ + stars: | 2024-06-27 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +4 min

Michelle Obama also appeared to mention Buhle in her own book, writing that she still takes regular walks with her friend Kathleen. AdvertisementThough Michelle Obama did repost President Biden's campaign announcement on Twitter in 2023, she hasn't tweeted about the election since. In 2018, Michelle Obama launched a nonpartisan voter engagement organization, When We All Vote, where she has since focused much of her political energy. "Mrs. Obama has already said she supports President Joe Biden and Vice President Kamala Harris' campaign," Crystal Carson, the communications director for Michelle Obama, said in a statement. There may be some precedent to Michelle Obama getting involved later in the election cycle.

Persons: —, Joe Biden, Michelle Obama, Kathleen Buhle, Hunter Biden's, Michelle Obama's spokespeople, Buhle, Obama, Axios, Hunter Biden, Kathleen, Biden's, hasn't, Barack Obama, Biden, Michelle Obama's, Mrs, Kamala Harris, Crystal Carson, Carson, Jill Biden, Obama's, Andrew Bates, Bates Organizations: Service, White House, Business, Twitter, White, Biden, Trump Locations: Biden's

☆ NASA tasks SpaceX to build disposal vehicle for International Space Station
▼ + stars: | 2024-06-26 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

It would latch onto the International Space Station — a nearly 1 million-pound structure roughly the size of a football field — and guide the craft as it plunges out of Earth’s orbit. The federal agency operates the International Space Station alongside Roscosmos, the Russian space agency, which controls a key wing of the station and propulsion modules. The Japan Aerospace Exploration Agency, or JAXA, the European Space Agency and the Canadian Space Agency also play roles in its operations. But the space agency stipulated that it would only require that the vehicle be ready by 2029. In the news release, NASA noted that it is committed to continuing space station operations through 2030.

Persons: Roscosmos, ” Ken Bowersox, Tracy Dyson, “, ” Organizations: CNN, NASA, SpaceX, Space, Japan Aerospace Exploration Agency, JAXA, European Space Agency, Canadian Space Agency, International, ” NASA, Deorbit, Collins Aerospace Locations: Roscosmos, Russian, North Carolina

Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Former President Donald Trump could announce his vice presidential pick as early as this week, possibly ahead of Thursday's debate, according to four people familiar with the situation. That gives him a limited window in which to introduce his running mate to the public. Trump's official spokespeople have regularly tamped down speculation about the timing of an announcement and the identity of Trump's running mate, and they did so again Tuesday. He ignored a follow-up question about whether he has talked with Trump about the VP job this week.

Persons: Donald Trump, Trump, Joe Biden, Stormy Daniels, Doug Burgum, Doug Burgum , Ohio Sen, JD Vance, Florida Sen, Marco Rubio, Rubio, Vance, Burgum, Biden, Brian Hughes, Donald J Organizations: U.S, Republican, Trump, Republican National Convention, Milwaukee ., NBC, North Dakota Gov, CNN Locations: Philadelphia , Pennsylvania, U.S, Atlanta, Virginia, Milwaukee, New York, Doug Burgum , Ohio, Florida

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