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☆ Elon Musk has real ambitions to make a wraparound trading product, says Semafor's Liz Hoffman
▼ + stars: | 2023-08-07 | 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 EmailElon Musk has real ambitions to make a wraparound trading product, says Semafor's Liz HoffmanLiz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss Elon Musk and X's finance ambitions, what's at stake for Musk's business empire, and more.

Persons: Elon Musk, Liz Hoffman Liz Hoffman, what's

☆ X social media looking to build a trading hub inside app, Semafor reports
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File PhotoAug 3 (Reuters) - X social media platform, formerly known as Twitter, is seeking a financial data giant to build a trading hub inside the app, Semafor reported on Thursday, citing people familiar with the matter and plan requests. In a post on the X platform, its owner Elon Musk said he was not aware of any work being done in this area. loadingLast year, Musk said he bought Twitter as an "accelerant to creating X", which he described as an "everything app" and likened it to China's super-app WeChat. Musk last month rebranded the social media site and changed Twitter's widely recognised blue bird to "X".

Persons: Carlos Barria, Elon Musk, Musk, Chavi Mehta, Tanya Jain, Yuvraj Malik, Arun Koyyur Organizations: REUTERS, Twitter, Thomson Locations: San Francisco , California, U.S, Bengaluru

☆ Elon Musk has a plan to create a hub on X for users to trade stocks, report says
▼ + stars: | 2023-08-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Elon Musk's X app is looking to build a stock-trading hub within the platform, according to Semafor. But Musk said on X: "No work is being done on this to the best of my knowledge." Still, considerations for how to turn X into a trading hub would not be far off prior ideas for the platform. In April, Twitter also entered into a partnership with eToro to allow users to trade stocks and other assets, by giving them access to eToro's platform. Musk has had plans to create a go-to app for a variety of services, and in October, he tweeted, "Buying Twitter is an accelerant to creating X, the everything app."

Persons: Elon, Musk, Semafor, Tencent's Organizations: X, Service, Privacy, Twitter, eToro, PayPal Locations: Wall, Silicon, China

☆ Death by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI world
▼ + stars: | 2023-08-03 | by ( Alistair Barr | Adam Rogers | ) www.businessinsider.com time to read: +12 min

Some AI models that compete against Stack Overflow were partly trained on the company's data. Online communities, like Stack Overflow and Wikipedia, thrived as hubs for experts and curious browsers to come together and share information freely. In 2021, Prosus, a major backer of Chinese tech giant Tencent, bought Stack Overflow for $1.8 billion. However, Nat Friedman, the CEO of Github through 2021, expects tech companies to pay for training data in the future. Stack Overflow is also working on new ways to measure the impact of a human's answer on the platform.

Persons: Prashanth Chandrasekar, OpenAI, Chandrasekar, coders, OpenAI's GPT, Stack, Elon Musk, Andreessen Horowitz, Sam Altman, JASON REDMOND, Jaap Arriens, GitHub, it's, chatGPT, Nasim Uddin, we're, Nat Friedman, Nat Friedman GitHub Friedman, Friedman, Axel Springer, Semafor, Prashanth Organizations: Union Square Ventures, Getty, Twitter, Publishers, Microsoft, Associated Press Locations: GPT, Prosus, AFP

☆ Ron DeSantis accepts responsibility for his campaign's anti-LGBTQ video but says he doesn't 'believe in demeaning anybody'
▼ + stars: | 2023-08-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Ron DeSantis publicly acknowledged responsibility for an anti-LGBTQ video promoted by his campaign. Ron DeSantis on Monday publicly acknowledged responsibility for an anti-LGBTQ video that was widely condemned as homophobic. Nonetheless, DeSantis publicly acknowledged responsibility for the video. The video was then promoted by DeSantis' official "war room" Twitter account. Republicans and other commonsense conservatives know Ron DeSantis has alienated swing-state and younger voters," said the Log Cabin Republicans, a conservative LGBTQ organization, in a statement at the time.

Persons: Ron DeSantis, wasn't, Bret Baier, Donald Trump, —, DeSantis, I've, I'm Organizations: Florida Governor, Service, Gov, Fox News, New York Times, Semafor Locations: Florida, Wall, Silicon

☆ Dish Network enters dangerous financial orbit
▼ + stars: | 2023-07-31 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

Billionaire Charlie Ergen staked Dish Network’s (DISH.O) future on wireless spectrum, a decision looking worse by the day. The satellite operator has spent some $25 billion since 2008 acquiring the finite resource used to carry data. In January, Dish issued $1.5 billion of senior notes, secured by spectrum, with an 11.75% coupon. The satellite operator said on July 17 that its 5G network covered nearly three-quarters of the U.S. population. Dish must meet additional thresholds in 2025 or it could face up to $2.2 billion in fines and might be forced to forfeit wireless spectrum.

Persons: Charlie Ergen, Morgan Stanley, Semafor, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Dish, New, Research, Dish Network, Amazon.com, U.S . Federal Communications Commission, Thomson Locations: EBITDA

☆ Delta's CEO tells bosses who 'moan' to him about staff not coming into the office more: 'I know where they are – they're on my airplanes.'
▼ + stars: | 2023-07-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Ed Bastian told Semafor that bosses complain to him about trying to get employees back in the office. The Delta CEO said remote and hybrid workers now spend more time traveling. But the CEO of Delta CEO says their workers aren't just sitting at home – they're taking trips. American employees are clinging to remote work despite senior management thinking it's time to draw a line. I don't need to be in an office to do my work," she previously told Insider.

Persons: Ed Bastian, Semafor, aren't, Bastian, Nick Bloom, Bloom Organizations: Delta CEO, Morning, Delta, Semafor Locations: Arizona

☆ Unnamed GOP advisor dismissed surging Vivek Ramaswamy as noisy 'fajitas that go by you at the restaurant'
▼ + stars: | 2023-07-20 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

An unnamed advisor to a GOP presidential hopeful was snark about Vivek Ramaswamy's rise. The advisor told Semafor that Ramaswamy is like noisy "fajitas that go by you at the restaurant." An advisor to an unknown GOP hopeful is so annoyed by conservative entrepreneur Vivek Ramaswamy that they compared the surging foe to noisy "fajitas." "Vivek is like the fajitas that go by you at the restaurant," one advisor on a rival campaign told Semafor. Besides being wrong about head-turning fajitas, the snark underlines how Ramaswamy's rise is starting to grate on some of his fellow primary foes.

Persons: Vivek Ramaswamy's, Semafor, Ramaswamy, Vivek Ramaswamy, Vivek, Nikki Haley, Sen, Tim Scott, Chris Christie, Donald Trump Organizations: Service, Republican, New, New Jersey Gov, reining, Trump Locations: Wall, Silicon, New Jersey, Milwaukee, China

☆ It's not just JD Vance: Republican senators are open to criminalizing gender-affirming care for minors
▼ + stars: | 2023-07-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Sen. JD Vance introduced a bill to criminalize providing certain treatments to transgender minors. Other Republican senators told Insider that they're open to the idea as well. Asked about potentially harmful effects on transgender people who are already receiving care, Vance conceded that the bill is largely a messaging device for now. "But it doesn't have any effect on the capacity of people to receive this care if they're adults. While the bill has the support of 46 mostly hard-right House Republicans, Vance just has one official co-sponsor in the Senate: Sen. Tommy Tuberville of Alabama.

Persons: Sen, JD Vance, Vance, Vance isn't, Marjorie Taylor Greene, that's, Joseph Zeballos, Tommy Tuberville, aren't, Marco Rubio, Ron Johnson, Josh Hawley, who's, Ted Cruz of, he's Organizations: Service, Ohio, Senate, Republicans, Human Rights, House Republicans Locations: Wall, Silicon, Georgia, Alabama, America, Marco Rubio of Florida, Ron Johnson of Wisconsin, Josh Hawley of Missouri, Ted Cruz of Texas

☆ Matt and Ginger Gaetz channeled MAGA Barbie and Ken on the pink carpet, but she didn't like the movie because of Ryan Gosling's 'beta energy'
▼ + stars: | 2023-07-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Matt Gaetz and his wife, Ginger, channeled MAGA Ken and Barbie at an event celebrating the movie. Ginger said she didn't like the film because of Ryan Gosling's Ken and his "beta energy." Ginger Gaetz, who married the Florida congressman in 2021, tweeted a photo of them posing on a pink carpet on July 17. Either way, we have the "Barbie" movie to thank for these tweets about Matt Gaetz's "Big Kenergy." Thanks Barbie!

Persons: Matt Gaetz, Ginger, MAGA Ken, Barbie, Ryan Gosling's Ken, Ginger Gaetz, Ryan Gosling's, Ken, Gosling's, Barbie …, Robbie, He's, Matt Gaetz's Organizations: Service, Aspen Security, Twitter Locations: Wall, Silicon, Florida

☆ Elon Musk's xAI and OpenAI are going head-to-head in the race to create AI that's smarter than humans
▼ + stars: | 2023-07-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Elon Musk and Sam Altman are racing to create superintelligent AI. Musk said xAI plans to use Twitter data to train a "maximally curious" and "truth-seeking" superintelligence. Elon Musk is throwing out challenge after challenge to tech CEOs — while he wants to physically fight Meta's Mark Zuckerberg, he's now racing with OpenAI to create AI smarter than humans. On Saturday, Musk said on Twitter Spaces that his new company, xAI, is "definitely in competition" with OpenAI. Over a 100-minute discussion that drew over 1.6 million listeners, Musk explained his plan for xAI to use Twitter data to train superintelligent AI that is "maximally curious" and "truth-seeking."

Persons: Elon Musk, Sam Altman, Musk, Mark Zuckerberg, —, Meta's Mark Zuckerberg, he's, OpenAI, Altman, Semafor, Ilya Sutskever, Jan Leike, Sam Altman — Organizations: Twitter, Intelligence

☆ Amazon lays off some employees in its Pharmacy unit
▼ + stars: | 2023-07-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon has let go of some of the employees in its Pharmacy business, the company confirmed to CNBC. A "small number" of staffers in the Amazon Pharmacy division were informed Thursday they were being laid off, Amazon spokesperson Brad Glasser said in a statement. "As a result, we have made the decision to adjust resources and a small number of roles have been eliminated on the Amazon Pharmacy Services team." The company laid off 18,000 employees over several months last fall and earlier this year, then announced an additional 9,000 employees would be let go in March. Some employees in the company's pharmacy, digital health tools and Halo fitness band units were laid off, CNBC previously reported.

Persons: Brad Glasser, Glasser, Andy Jassy Organizations: CNBC, Amazon Pharmacy, Amazon, Amazon Pharmacy Services Locations: PillPack

☆ You're going to see a lot of empty red carpets over the summer, says Semafor's Ben Smith
▼ + stars: | 2023-07-14 | 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 EmailYou're going to see a lot of empty red carpets over the summer, says Semafor's Ben SmithBen Smith, Semafor co-founder and editor-in-chief, joins 'Squawk Box' to discuss the state of Hollywood productions, after contract talks between SAG-AFTRA union and major studios collapsed, forcing the actors union to join writers on strike.

Persons: Semafor's Ben Smith Ben Smith, Semafor Organizations: SAG

☆ DeSantis donors privately worry about campaign as Florida governor lags in 2024 polls
▼ + stars: | 2023-07-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Presidential candidate and Florida Governor Ron DeSantis waves to a crowd at a campaign event on June 2, 2023 in Gilbert, South Carolina. "He has a tremendous record as governor of Florida, and our country would be well-served by him as president," Griffin said then. Braman's company, Braman Motors, contributed $100,000 to the state-based DeSantis PAC, as well, according to the records. Andrew Romeo, a spokesman for the DeSantis campaign, did not deny any element of this story. "You could wallpaper the governor's residence with the amount of premature political obituaries written about Ron DeSantis.

Persons: Ron DeSantis, Donald Trump, Murdoch, Rupert Murdoch, They're, Trump, DeSantis, Ken Griffin, Mike Pence, Nikki Haley, Chris Christie, Sen, Tim Scott of, Nothing's, Zia Ahmed, Griffin, Semafor, Norman Braman, Clive Fields, Robert Bigelow, Braman, Marco Rubio, Fields, Griffin's, Andrew Romeo, Joe Biden, Romeo Organizations: Florida, Florida Gov, Fox Corp, News Corp, Trump, Citadel, GOP, South Carolina Gov, New, New Jersey Gov, Politico, New York Times, Republican, Philadelphia Eagles, Braman Motors, PAC, CNBC Locations: Gilbert , South Carolina, Florida, New Jersey, Tim Scott of South Carolina

☆ Watch CNBC's full panel on Bob Iger and Disney with Ben Smith and Matt Belloni
▼ + stars: | 2023-07-12 | 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 EmailWatch CNBC's full panel on Bob Iger and Disney with Ben Smith and Matt BelloniBen Smith, Semafor co-founder and editor-in-chief, and Matt Belloni, Puck founding partner, join CNBC's Julia Boorstin and 'Last Call' to talk the latest news that Disney will be extending CEO Bob Iger's contract through 2026.

Persons: Bob Iger, Ben Smith, Matt Belloni Ben Smith, Semafor, Matt Belloni, Puck, CNBC's Julia Boorstin, Bob Iger's Organizations: Disney

☆ Failing to find a successor for Iger can be seen as a failing for Disney's board: Puck's Matt Belloni
▼ + stars: | 2023-07-12 | 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 EmailFailing to find a successor for Iger can be seen as a failing for Disney's board: Puck's Matt BelloniBen Smith, Semafor co-founder and editor-in-chief, and Matt Belloni, Puck founding partner, join CNBC's Julia Boorstin and 'Last Call' to talk the latest news that Disney will be extending CEO Bob Iger's contract through 2026.

Persons: Matt Belloni Ben Smith, Semafor, Matt Belloni, Puck, CNBC's Julia Boorstin, Bob Iger's Organizations: Disney

☆ Elon Musk and Mark Zuckerberg's feud is so embarrassing
▼ + stars: | 2023-07-10 | by ( Sonam Sheth | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Zuckerberg has been mocking Musk on Threads, and Musk responded by calling Zuckerberg a "cuck" and proposing a "dick measuring contest." Twitter responded with a poop emoji. Twitter executive chairman — and self-appointed "Chief Twit" — Elon Musk and Meta CEO Mark Zuckerberg are at it again. As Insider reported, Musk has replied to tweets with the word "concerning" at least 26 times. Insider reached out to Musk, Twitter, Tesla, Meta's press office, and a spokesperson at Meta.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, Musk, Twitter, —, — Elon Musk, Wendy's, emoji, Dana White, White, Alex Spiro, Meta, Andy Stone, Semafor, — that's, Tesla Organizations: Twitter, Morning, Zuckerberg, SpaceX, The New York Times, TMZ, Italy's Ministry of Culture, Times, Meta Locations: Las Vegas

☆ Meta’s Threads isn’t worth 11 Twitters
▼ + stars: | 2023-07-07 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

On Wednesday, he launched a Twitter competitor, Threads, promptly encouraging Twitter to threaten to sue. Zuckerberg isn’t doing shareholders any favors. It’s less clear if Twitter’s users have moved, but in that sense, Threads may hurt Meta more than it helps. Even if Threads were to put Twitter out of business, that exercise isn’t worth 11 Twitters. Follow @thereallsl on TwitterCONTEXT NEWSTwitter has threatened to sue Meta Platforms over its new Threads app, Reuters reported on July 6.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, Musk, Meta, Jennifer Saba, Sharon Lam Organizations: YORK, Reuters, Twitter, Elon, Facebook, Apple, Public, Meta, Semafor, Thomson Locations: Instagram

☆ Twitter threatens to sue Meta over 'copycat' Threads app
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwitter threatens to sue Meta over 'copycat' Threads appMax Tani, Semafor media reporter, joins 'Squawk Box' to discuss reports of Twitter threatening lawsuit against Meta over its rival Threads app, and more.

Persons: Max Tani Organizations: Meta

[1/2] Meta's Threads app and Twitter logos are seen in this illustration taken July 4, 2023. Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk's Twitter by leveraging Instagram's billions of users. Spiro, in his letter, accused Meta of hiring former Twitter employees who "had and continue to have access to Twitter's trade secrets and other highly confidential information," News website Semafor first reported. "Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information," Spiro wrote in the letter. "No one on the Threads engineering team is a former Twitter employee — that's just not a thing," Meta spokesperson Andy Stone said in a Threads post.

Persons: Dado Ruvic, Mark Zuckerberg, Alex Spiro, Meta, Spiro, Semafor, — that's, Andy Stone, Musk, Mark Lemley, Jeanne Fromer, Akash Sriram, Tiyashi Datta, Jody Godoy, Katie Paul, Shailesh Kuber, Josie Kao Organizations: REUTERS, Twitter, Meta, Facebook, Elon, Reuters, Stanford, New York University, Thomson Locations: Bengaluru, New York

☆ Twitter threatens to sue Meta over Threads, Semafor reports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk's Twitter by taking advantage of Instagram's billions of users. "Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information," Spiro wrote in the letter. "No one on the Threads engineering team is a former Twitter employee — that's just not a thing," Meta spokesperson Andy Stone said in a Threads post. A former senior Twitter employee told Reuters they were not aware of any former staffers working on Threads, nor any senior personnel who landed at Meta at all. loadingSince Musk's takeover of the social media platform, Twitter has seen competition from Mastodon and Bluesky among others.

Persons: Semafor, Mark Zuckerberg, Alex Spiro, Meta, Spiro, — that's, Andy Stone, Musk, Akash Sriram, Tiyashi Datta, Katie Paul, Shailesh Organizations: Twitter, Meta, Facebook, Elon, Reuters, Thomson Locations: Bengaluru, New York

☆ Meta's Threads swiftly signs up 30 million users, in clear threat to Musk-owned Twitter
▼ + stars: | 2023-07-06 | by ( Aditya Soni | ) www.reuters.com time to read: +5 min

Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Twitter had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout. THREADS HAS CERTAIN LIMITATIONSMeta's Threads app logo is seen in this illustration taken July 4, 2023. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Currently there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.

Persons: Zuckerberg, Elon Musk, Mark Zuckerberg, Twitter's, Jasmine Enberg, Twitter, Meta, Niklas Myhr, Jack Dorsey, Bluesky, Dado Ruvic, hasn't, Marques Brownlee, Linda Yaccarino, Musk, Pinar Yildirim, Aditya Soni, Yuvraj Malik, Bansari Mayur, Akash Sriram, Shounak Dasgupta Organizations: Meta, Twitter, Intelligence, Chapman University, REUTERS, Facebook, University of Pennsylvania's Wharton, Thomson Locations: Las Vegas, Bengaluru

☆ Marjorie Taylor Greene has reportedly been booted from the House Freedom Caucus after calling Lauren Boebert a 'bitch'
▼ + stars: | 2023-07-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Rep. Marjorie Taylor Greene has reportedly been kicked out of the House Freedom Caucus. The vote came shortly after Greene called fellow GOP Rep. Lauren Boebert a "bitch" on the House floor. Historically, the Freedom Caucus has clashed with GOP leaders, most notably former Speaker John Boehner. For her part, Boebert told The Daily Beast that she defended Greene's comments on free speech grounds. A spokesperson for the Freedom Caucus did not immediately respond to a request for comment.

Persons: Marjorie Taylor Greene, Greene, Lauren Boebert, —, Andy Harris, Harris, Boebert, Kevin McCarthy, John Boehner, Joe Biden, Semafor, Greene's, Justin Amash, Donald Trump, Amash Organizations: Politico, CNN, GOP, Service, Republican, Caucus, Maryland Republican, Georgia Republican, Conservatives, Daily, Colorado Republican, Freedom Caucus Locations: Michigan

☆ Twitter threatens to sue Meta after rival app Threads gains traction
▼ + stars: | 2023-07-06 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta’s new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat. On Wednesday, an attorney representing Twitter sent Meta CEO Mark Zuckerberg a letter that accused the company of trade secret theft through the hiring of former Twitter employees. “No one on the Threads engineering team is a former Twitter employee — that’s just not a thing,” he said on Threads. Unlike some Twitter rivals, Threads has experienced rapid growth, with Zuckerberg reporting 30 million user sign-ups in the app’s first day. As of Thursday afternoon, Threads was the number-one free app on the iOS App Store.

Persons: Mark Zuckerberg, Alex Spiro, Elon Musk, Meta, Musk, Meta “, ” Spiro, ”, Andy Stone, “, — that’s, Jack Dorsey, Zuckerberg, Carl Tobias, ” Tobias Organizations: CNN, Twitter, Semafor, University of Richmond, Meta

☆ Dish's Charlie Ergen looks to merge Dish and EchoStar, Semafor reports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Dish Network Chairman Charlie Ergen attends the Google's annual developers conference in San Francisco, California May 20, 2010. REUTERS/Robert Galbraith/File PhotoJuly 6 (Reuters) - Dish Network (DISH.O) Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and EchoStar (SATS.O), news publication Semafor reported on Thursday, citing people familiar with the matter. Dish and EchoStar did not immediately respond to Reuters' requests for comments. Dish's shares were 5% lower in afternoon trade while EchoStar's stock was down 3.4% amid weaker broader market. In 2008, EchoStar Communications, which was founded by Ergen as a satellite television equipment distributor in 1980, changed its name to Dish Network and spun off its technology arm as a new company named EchoStar Corp.

Persons: Charlie Ergen, Robert Galbraith, Yuvraj Malik, Sriraj Organizations: Dish, REUTERS, EchoStar Communications, Ergen, Dish Network, EchoStar Corp, Thomson Locations: San Francisco , California, Bengaluru

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