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X is ‘close to breakeven’ says CEO Linda Yaccarino
  + stars: | 2023-08-10 | by ( Clare Duffy | ) edition.cnn.com   time to read: +5 min
New York CNN —X CEO Linda Yaccarino, leader of the platform formerly known as Twitter, said the company is keeping an eye on new competitor Threads, despite the sharply slowing growth of the rival app from Meta. Musk, who is now the company’s chief technology officer, has also been preparing for a cage fight with Meta CEO Mark Zuckerberg. Yaccarino joined the company after months of turmoil caused by Musk’s takeover, including mass layoffs, controversial policy decisions and various legal battles. Yaccarino, a former marketing executive with NBCUniversal, was brought on to Twitter in part to help revive its advertising business. And she said on Thursday that the company is “close to breakeven.”“Coca Cola, Visa, State Farm is a huge partner, they’re coming back — the last bunch of weeks, continued revenue growth,” Yaccarino said.
Persons: Linda Yaccarino, it’s, ” Yaccarino, they’ll, , Yaccarino, we’re, Staving, Elon Musk, WeChat, Mark Zuckerberg, , Musk, they’re Organizations: New, New York CNN, Twitter, Meta, CNBC, Fidelity, Visa Locations: New York, breakeven, Coca Cola
X CEO Linda Yaccarino told CNBC on Thursday that the company's decision to get rid of its Twitter branding reflects owner Elon Musk's vision for the app. "Elon has been talking about X, the everything app, for a very long time," Yaccarino said in an interview with CNBC's Sara Eisen. "Even when we announced that I was joining the company, I was joining the company to partner with Elon to transform Twitter into X, the everything app." Yaccarino, who started the job in June, said Musk has been working up to this since buying Twitter late last year. "If you stay Twitter, or you stay whatever your previous brand is, change tends to be only incremental.
Persons: Linda Yaccarino, Elon, Yaccarino, CNBC's Sara Eisen, Musk, you'll, Eisen, Johnson Organizations: CNBC, Twitter
The rise of remote work, high interest rates, and climate regulations all pose problems for office buildings. A new study found that more than 2,000 US office buildings could be converted into up to 400,000 apartments. And new environmental regulations require that buildings meet certain energy efficiency standards that can require costly renovations. Turning office buildings into apartments isn't a new concept, and it's one that New York City has embraced in theory. Of course, office buildings require some retrofitting to be turned from sprawling workplaces to livable apartments.
Persons: Arpit Gupta, Candy Martinez, Stijn Van Nieuwerburgh, Insider's Jordan Hart Organizations: Service, National Bureau of Economic Research, Los, New York City, jkaplan Locations: Wall, Silicon, Greater New York City, San Francisco, Los Angeles, New York City, New York
CNN —Researchers have reassembled an ancient ornate necklace discovered in the grave of a child who lived in the Neolithic village of Ba’ja in what’s now southern Jordan. More than 2,500 colorful stone and shell beads were found in the grave, which was dated between 7400 and 6800 BC. In 2018, researchers discovered the grave of an 8-year-old child buried in a fetal position. Instead, researchers focused on the beads and the story they might tell about the child as well as Neolithic funerary practices. Decoding ancient meaningThe intricate design of the necklace, one of the oldest and most impressive Neolithic ornaments yet discovered, suggests the child was of high social status.
Persons: Hala Alarashi, Alice Burkhardt, Ba, It’s, ” Alarashi, Organizations: CNN —, Spanish National Research Council, University of Côte, Petra Museum Locations: Ba’ja, what’s, Jordan, Petra
"Smart tattoo" ink shows up here as the blue dots, activated by UV light during testing at Carson Bruns' lab in Boulder, Colorado. “We hope our results will ultimately inform Magic Ink and all tattoo ink manufacturers how to optimize the biocompatibility of their pigments in due time. A “check-engine light”Researchers say one advantage of smart tattoos over wearable technology such as smart watches or glucose monitors is that they can’t be hacked or run out of battery. A tattoo artist in London practices with smart ink developed by researcher Ali Yetisen on a piece of pig skin. He envisions a future where astronauts could utilize smart tattoos in space to gauge radiation exposure, for infectious disease detection in the general public or to help monitor chronic disease.
Persons: , Ali Yetisen, ” Yetisen, Yetisen, , Carson Bruns, American Cancer Society . Bruns, Bruns, Jesse Butterfield, don’t, ” Bruns, Wearables, Dr, Daniel Kraft, Kraft, you’ll, CNN’s Michelle Cohan Organizations: CNN, Department of Chemical Engineering, Imperial College London, Harvard Medical School, Harvard, MIT, American Cancer Society ., University of Colorado, FDA, Science Foundation Locations: University of Colorado Boulder, Boulder , Colorado, United States, Yetisen’s, London
“This is our seventh year as an A.I.-first company, and we intuitively know how to incorporate A.I. “These advances provide an opportunity to reimagine many of our products, including our most important product: search.”Philipp Schindler, Google’s chief business officer, said in the earnings call that YouTube’s quarterly sales gains reflected greater stability in advertiser spending. competition from the ChatGPT chatbot and Microsoft’s Bing search engine, Google’s search engine has remained a central gateway to the web for billions of users. That has helped the company convince more advertisers that its sites are still a reliable way to reach consumers. Google also announced on Tuesday that Ruth Porat, its longest-serving chief financial officer, would assume the newly created role of president and chief investment officer on Sept. 1.
Persons: Mr, Pichai, ” Philipp Schindler, Google’s, Microsoft’s Bing, Ruth Porat Organizations: Google, Microsoft
AMC can build Dreamhouse on Barbenheimer buzz
  + stars: | 2023-07-24 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +3 min
AMC Entertainment (AMC.N), the struggling movie theater chain wrestling with a meme-stock hangover, saw its busiest day since 2019 this past Saturday. The company needs cash to survive, and this weekend might add enough fantasy to help it. AMC has refiled to try again, and in some ways, Barbenheimer helps. The biggest risk to the movie theater business was that it would never return to pre-pandemic levels. AMC Entertainment, one of the U.S.’s largest theater chains, recorded over 7 million moviegoers in attendance over that weekend.
Persons: Barbie, “ Oppenheimer ”, Adam Aron, Aron, , “ Barbie ”, “ Oppenheimer, , Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Warner Bros, Comcast, Universal Pictures, AMC Entertainment, Monday, AMC, Malibu, Thomson Locations: Barbenheimer, Delaware
The auditorium lights dimmed, and the cast and crew of Cincinnati Opera’s new production of Puccini’s “Madame Butterfly” anxiously took their places. For months, the team, made up largely of Asian and Asian American artists, had worked to reimagine the classic opera, upending its stereotypes about women and Japanese culture. They gathered at the Cincinnati Music Hall one evening last week to fine-tune their creation before its opening last Saturday. “It feels a little like a grand experiment,” said the production’s director, Matthew Ozawa, whose father is Japanese and mother is white. The opera has long been criticized for its portrait of Asian women as exotic and submissive, and the use of exaggerated makeup and stereotypical costumes in some productions has drawn fire.
Persons: Butterfly ”, , Matthew Ozawa, Madame Organizations: Cincinnati Music, American Navy Locations: Cincinnati, American, Nagasaki
Here's 9 ways ChatGPT Plus users have used Code Interpreter, from data analysis to game creation. Last week, OpenAI launched a beta version of its plug-in called Code Interpreter to users of ChatGPT Plus, which costs $20 a month. Thanks to the new plug-in, users may now be able to turn ChatGPT into their own personal data analyst. After that, Ker found open source code to help Code Interpreter devise a version of the game. Analyze playlistsWith Code Interpreter, there may be no need to wait all year for your Spotify Wrapped playlist.
Persons: OpenAI, Ethan Mollick, there'd, Mollick, Alex Ker, Ker, Greg Howe, Jason Gulya, Drake Surach, , Surach, Kris Kashtanova, ChatGPT, Salma Aboukar, Midjourney, Wharton, — Salma Aboukar, Rick Astley Organizations: LinkedIn, ChatGPT, Twitter, University of Pennsylvania's Wharton School of Business, Berkeley College, YouTube
ORDER UP On a leafy London terrace, designer Rebecca James created a neatly balanced tableau. Photo: Richard GoodingWHEN YOU think about Marie Kondo-ing part of your home, it’s unlikely you envision your outdoor space as the would-be masterpiece of tidiness. But this terrace, which London interior designer Rebecca James was hired to transform, cried out for order. Step one: Organizing the dining area around a brazen focal point—a globed light fixture so large she freaked a little when she opened its box. She also imposed symmetry and restraint, limiting materials and patterns, a strategy that belies the magical atmosphere.
Persons: Rebecca James, Richard Gooding, Marie Kondo, , James Locations: London, Moroccan
Mission Impossible: Paramount reckoning
  + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com   time to read: +8 min
NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.
Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, , Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI
What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.
Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, , ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, , hamilton
FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.
Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans
CNN —San Francisco’s mayor Thursday proposed remaking the city’s struggling downtown by tearing down abandoned retail space, including the city’s Westfield mall, and building new structures to reshape the struggling city. A Westfield Mall could become something completely different than what it currently is,” she said. Earlier this month, Westfield said it planned to surrender its mall, the San Francisco Centre, back to its lender. The mall operator cited the “challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic.”Shoppers walk through the Westfield San Francisco Centre on April 13, 2022 in San Francisco, California. So, let’s make some adjustments to do everything we can to reimagine what parts of San Francisco can be,” Breed said.
Persons: London Breed, Breed’s, it’s, Breed, , Justin Sullivan, ” Breed Organizations: CNN, Westfield, , London, Bloomberg’s Technology, San Francisco Centre, Westfield San Francisco Centre, Resorts, Hilton San Francisco, Square, San Francisco, San Locations: Francisco’s, San Francisco, San Francisco , California, city’s,
Step forward the “corporate artisan”, star of the Italian fashion house’s SS24 show on Thursday night and proposed pin-up for next season. Part technical-whizz, part traditional tool-master, the handle speaks to the modern-day creative, said Artistic Director Silvia Venturini Fendi in a pre-show preview with CNN. FendiFor the accessories, Venturini Fendi collaborated with the Japanese architect Kengo Kuma - who she regards to be “the best to combine nature and technology” - to reinvent signature Fendi bags including the Peekaboo in traditional Japanese washi paper. The clog silhouette is going nowhere, as Fendi becomes the latest high fashion brand to reimagine the comfy slip-on shoe. Pietro D'Aprano/Getty ImagesThe set, said Venturini Fendi, was masterminded so to be transparent about the teamwork involved in creating a fashion collection.
Persons: Silvia Venturini Fendi, Fendi, , Kengo Kuma, JW Anderson, Pietro D'Aprano, Venturini Fendi, “ It’s, ” Alexander Skarsgard, Daniele Venturelli, Adele, Karl Lagerfeld, Organizations: CNN, JW Locations: Capannuccia, Florence, Italy, Rome
BlackRock has set a target to double its revenue in its private-markets business. BlackRock wants to double its private-markets business over the next five years, and it's eyeing more deals to achieve that. An important piece of the puzzle to becoming a one-stop shop for investors is ramping up its private-markets business. BlackRock currently manages $156 billion in assets through its private-markets platform, which gives clients access to private equity, private credit, infrastructure, and real estate. He added that the management team is spending a "good amount of time" looking at deals to bolster its private-markets business, specifically around infrastructure, private credit, and the growth franchises.
Persons: Martin Small, Small, Edwin Conway, Conway, Carlyle, Larry Fink, Fink, BlackRock Organizations: BlackRock, Hudson Yards, Financial Times Locations: London
Bruce Feiler analyzed 400 people to find out what makes some people love what they do and others feel frustrated. Ask yourself questions like "If you could do one thing to be happier at work today, what would it be?" Author Bruce Feiler. You'll find a new job — but soon enough you'll be back where you started, asking the wrong questions and getting the wrong answers. Copyright © 2023 by Bruce Feiler.
Persons: Bruce Feiler, , I've, they've, Bruce Feiler ., Jonica Moore, You'll, you'll, — you'll, Mark Savickas, It's Organizations: Service, Kent State University, Penguin Press, Penguin Random
Yet more unfathomable: that there would be any affection for anything about that era’s nascent political correctness with its penchant for words like “womyn” and other idealistic but often ill-conceived efforts to reimagine the dictionary. In the wake of my 30th college reunion last month at Brown University, a notorious locus for politically correct thought back in the day, those emergent P.C. At that time, word purification rituals were experienced all in good fun or at least, in good fun-making. Even at its peak, ’90s-style political correctness was at least as much self-satire as a movement to be reckoned with. With the exception of its most earnest practitioners — strategically isolated within semiotics departments and grad school dormitories — undergrads from across the political spectrum considered political correctness a passing fad or an attempt at academic esotericism rather than an actual recommendation for how to comport yourself in public.
Persons: Ethan Hawke’s, , changin, , Organizations: Brown University, Brown Daily Herald Locations: Brown
Greetings From ‘Mexicoland’
  + stars: | 2023-06-01 | by ( Héctor Tobar | Deb Leal | ) www.nytimes.com   time to read: +2 min
A stroll through the shopping center reminds you that Latin American culture can be monumental, beautiful and heroic. García, 64, told me that he and his brother have operated their stand at Plaza Mexico for a dozen years. Somehow, his Plaza Mexico stand survived the pandemic. In some ways, Plaza Mexico is a Latino version of that story, told by those who were long excluded from what the state has to offer. Here, I’ve seen how a new, American way of being “Latino” is being assembled from contact with many different cultures.
Persons: Alvaro García, , , García, I’ve, Alec Stewart Organizations: Plaza Mexico, Easy, ” Boosters, Southern Locations: Central, Spanish, United States, Oaxaca, Mexico, California, Lynwood, Southern California, Plaza Mexico, Korean, Seoul
Opinion | Let’s Smash the College Admissions Process
  + stars: | 2023-06-01 | by ( David Brooks | ) www.nytimes.com   time to read: +1 min
Within days or weeks, the Supreme Court is going to render a decision on the future of affirmative action in higher ed. If things go as expected, conservatives will be cheering as these policies are struck down — and progressives will be wailing. But maybe we can all take this moment to reimagine the college admissions process itself, which has morphed into one of the truly destructive institutions in American society. The modern college admissions era was launched over half a century ago with the best of intentions — to turn finishing schools for the Protestant establishment into talent factories for all comers. In that same year, students from the top income quintile were 16 times more numerous at the University of North Carolina, a state school, than students from the bottom quintile.
Persons: , Raj Chetty Organizations: Ivy League, University of North Locations: University of North Carolina
Daniel Camarena of the San Diego Padres hits a grand slam during the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego, July 8, 2021. The San Diego Padres have a new home base on TV. Major League Baseball will broadcast and produce the team's local games beginning Wednesday, after the owner of Bally Sports San Diego, its regional sports network for local in-market games, dropped the team. On cable TV, Padres games will be available through four providers: Charter Communications ' Spectrum, Cox Communications, DirecTV and AT&T U-verse. MLB said it would increase the reach of local Padres games from about 1.13 million homes to roughly 3.3 million homes.
Persons: Daniel Camarena, Diamond, Manfred, Noah Garden Organizations: San Diego Padres, Washington Nationals, Major League Baseball, Bally Sports San Diego, Diamond Sports, Bally Sports San, Padres, MLB, Diamond, Miami Marlins, Diamond Sports Group, Club, Communications, Cox Communications, DirecTV, Fox Sports, Disney, Fox, Bally Sports, Sinclair Broadcast Group, Sinclair, NBA, NHL, Arizona Diamondbacks Locations: San Diego, Bally Sports San Diego
Aftonbladet, a Swedish daily newspaper, is trying to appeal to young people. In response, Swedish daily newspaper Aftonbladet got creative, using AI to create rap songs that summarize the news and music to pair with written stories, the paper said. Aftonbladet acknowledged the murky ethics of AI-generated content. "The AI-generated rap is also, as hip-hop tends to be, loaded with some values. The paper has an AI policy in place, which allows journalists to use the technology for various parts of their jobs, including to create headlines, interview transcriptions, and video subtitles.
Google's annual employee survey has been delayed. The company told staff this week that it's rebooting the survey to make it more regular. It hopes to have the new Googlegeist ready to go in a couple of months. Google's annual "Googlegeist" employee survey has always been a good way to read how employees feel about the company. Are you a Google employee with a tip?
Nearly a week after CNN's town hall with Donald Trump, CEO Chris Licht has acknowledged internally there are some things he wished the network had done differently. Licht continues to stand by the concept of the town hall, telling people both inside and outside of CNN that history will look kindly on the network's decision to interview Trump in front of cheering supporters in a live town hall format. That way, CNN could draw the audience's focus to the substance of the question rather than the spectacle of Trump. CNN could have also graphically shown each question while Trump spoke, emphasizing his answers didn't always match the topic at hand. NBC isn't likely to do a Trump town hall, given how CNN's went, said the person.
Elon Musk appointed Linda Yaccarino, a former NBCUniversal exec, to succeed him as CEO of Twitter. Amid Twitter's turmoil, some suggest that Yaccarino could fall prey to the so-called "glass cliff." While men often glide on a "glass escalator" to the corner office, women often confront a "glass ceiling." "I wish we were seen as good leaders in good times, too." I wish we were seen as good leaders in good times, too."
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