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Search resuls for: "The New York Times DealBook"


6 mentions found


☆ Silicon Valley leaders welcome Elon Musk's management of Twitter
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +1 min
Nov 30 (Reuters) - Silicon Valley leaders welcomed Elon Musk's management of Twitter, with Netflix (NFLX.O) co-founder Reed Hastings going so far as to call the billionaire "the bravest, most creative person on the planet." Meta Platforms (META.O) CEO Mark Zuckerberg on Wednesday said he was keen to see how Elon Musk's management of content moderation on Twitter would fare, arguing it was good for platforms to take different approaches. "I would guess that not everything is going to work, but I think some things might work," he said. Hastings said Musk has a different management style than his own but added: "I'm 100% convinced he's trying to help the world with all of his endeavors." "It's not how I would do it, but I'm deeply respectful," said Hastings.
☆ U.S. Treasury Yellen: Twitter should be held to certain standards for content
  + stars: | 2022-11-30 | by ( David Lawder | ) www.reuters.com   time to read: +2 min
NEW YORK, Nov 30 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said social media company Twitter should be held to certain standards for content, arguing that it is "not that different" from radio stations and broadcasters subject to such rules. Musk on Monday accused Apple of threatening to block Twitter from its app store and said Apple was pressuring Twitter over content moderation demands. Yellen said she believed it was appropriate for mobile technology giants Apple (AAPL.O) and Google (GOOGL.O) to demand certain content standards. And Twitter's not really that different than other broadcast stations," Yellen said. Asked if it was good that such platforms were overseeing content, Yellen said.
☆ Meta CEO Mark Zuckerberg says the metaverse is 'not the majority of what we're doing'
  + stars: | 2022-11-30 | by ( Samantha Delouya | Britney Nguyen | ) www.businessinsider.com   time to read: +3 min
Amid backlash to his metaverse pivot, Mark Zuckerberg clarified that it's "not the majority of what we're doing." Zuckerberg said 80% of investments still go toward Meta's core social media business. Then a little less than 20% of our investment goes towards Reality Labs," Zuckerberg said Wednesday at the New York Times Dealbook conference. "You can debate whether 20% is too much for this bet, but it's not the majority of what we're doing," Zuckerberg said. Despite the resistance to his company's pivot, Zuckerberg sounded upbeat about his company's multi-billion-dollar investment in the metaverse.
☆ The Fed doesn't know when inflation will stop being a problem, and it means interest rates could stay high for 'some time,' Powell says
  + stars: | 2022-11-30 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
Fed Chair Powell said on Wednesday that the "path ahead for inflation remains highly uncertain." As a result, Powell said it's likely interest rates could remain high, but the pace of increases might slow in December. He also noted there is still a path for the US to avoid a recession and achieve a soft landing. On Wednesday, Federal Reserve Chair Jerome Powell spoke at a Brookings Institution event on the economic outlook, inflation, and the labor market. "It is likely that restoring price stability will require holding policy at a restrictive level for some time," Powell said.
☆ FTX would still be solvent if 'SBF was as good at running a crypto exchange as he was at bribing media': Musk
  + stars: | 2022-11-24 | by ( Britney Toh | ) www.businessinsider.com   time to read: +2 min
Musk tweeted Wednesday FTX would still be ok if SBF was as good at leadership as at 'bribing media'. He was responding to a tweet which questioned whether SBF will continue to fund certain media outlets. Musk has been hitting out at the media after reports surfaced SBF may still own a stake in Twitter — which Musk robustly denied. He seemed to be referring to FTX investing in media outlets during the three years that Bankman-Fried, or SBF, was CEO. SBF/FTX do not own shares in Twitter," Musk tweeted Wednesday.
☆ Tom Rutledge, who turned Charter into a cable powerhouse, to step down as CEO
  + stars: | 2022-09-21 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
Chairman and CEO of Charter Communications Tom Rutledge speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City. Charter Communications Chief Executive Tom Rutledge will step down on Dec. 1 after a decade at the helm and half a century in the cable industry. Rutledge turned Charter from a relatively small regional cable company into the No. 2 provider in the U.S. by orchestrating an audacious takeover of Time Warner Cable, announced in 2015, for nearly $79 billion including debt. WATCH: Charter CEO Tom Rutledge to step down, will remain exec.
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