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☆ Neil Young is coming back to Spotify — but he's not happy about it
▼ + stars: | 2024-03-13 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Neil Young says his music will return to Spotify. Young took his music off Spotify in 2022 over COVID-19 misinformation on Joe Rogan's podcast. Young took a dig at Spotify's sound quality as he came back to the platform. AdvertisementWhile Neil Young lovers may be rejoicing that the iconic artist is returning to Spotify, Young himself is not. This story is available exclusively to Business Insider subscribers.

Persons: Neil Young, Young, Joe Rogan's, — Organizations: Spotify, Service, Business Locations: COVID

☆ 'Inception attacks' on Meta VR headsets can trap users in a fake VR environment, researchers found
▼ + stars: | 2024-03-13 | by ( Grace Eliza Goodwin | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Researchers have exposed a potential security vulnerability in Meta's VR headsets, a new study says. The so-called "inception attack" allows an attacker to spy on and control a user's VR environment. The headset also had to be in developer mode, which the researchers said many Meta Quest users keep enabled in order to get third-party apps, adjust resolution, and take screenshots. Researchers created cloned versions of the Meta Quest Browser and VRChat app. AdvertisementTo test the inception attack process with real people, researchers had 27 study participants interact with VR headsets while they carried out the attack.

Persons: —, Mark Zuckerberg, Zuckerberg, what's, Meta Organizations: VR, Service, University of Chicago, Apple Vision Pro, MIT Technology, Meta, Business

☆ The hack of 15,000 Roku accounts is a great reminder: Stop using the same password!
▼ + stars: | 2024-03-12 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewIf you use your pet's name as the password for all your online accounts: stop it, stop it right now. A Roku spokesperson would not confirm to Business Insider exactly how many accounts were affected. The company added that once hackers gained access to the Roku accounts, they then changed the customer's login information, locking them out of their accounts. Rather, the hack is partly made possible by customers using the same passwords for multiple accounts they own. BleepingComputer reported that in the case of the Roku attack, the hackers were selling Roku accounts for 50 cents each.

Persons: —, Roku, it's, Phishers Organizations: Service, Business

☆ 6 things we learned from the founder of Telegram's first interview in 7 years
▼ + stars: | 2024-03-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Founder Pavel Durov said profitability is coming, and maybe even an IPO. Durov gave his first public interview in seven years to the Financial Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a rare new interview, Telegram founder Pavel Durov revealed that his company is nearing profitability, and may even enter the public market. It's the reclusive founder's first public interview since 2017, according to the outlet.

Persons: What's, Pavel Durov, Durov, —, who's, Mark Zuckerberg, founder's Organizations: Financial Times, Service, Business Locations: Russian, Russia, Dubai

☆ Trump says banning TikTok would make Facebook — an 'enemy of the people' — stronger
▼ + stars: | 2024-03-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Donald Trump is repeating his defense of TikTok, calling Facebook the real "enemy." Congress is considering a bill that would ban TikTok due to national security concerns. AdvertisementDonald Trump is doubling down on his new pro-TikTok stance, saying that Facebook is the true "enemy." Trump told CNBC's "Squawk Box" on Monday morning: "There's a lot of good and there's a lot of bad with TikTok. While president, Trump had pushed for a TikTok ban unless it sold to new US-based owners, but ultimately backed off.

Persons: Donald Trump, Trump, Mark Zuckerberg, —, CNBC's, Zuckerschmuck, Zuckerberg, Trump's, ByteDance, Jeff Yass Organizations: Facebook, Service, Trump Locations: TikTok

☆ Noticing more product recalls lately? It's not just you.
▼ + stars: | 2024-03-07 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Why have there been so many product recalls lately? Data shows that product recalls increased 11% from 2022 to 2023, reaching a seven-year high. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhat's with all the product recalls lately? This story is available exclusively to Business Insider subscribers.

Persons: —, Joe's Organizations: Service, FDA, Business

☆ Ray Dalio went to a Taylor Swift concert, took a selfie, and endorsed her for president
▼ + stars: | 2024-03-07 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

The billionaire went to a Taylor Swift concert and said afterward that she could unite the country. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRay Dalio has a solution for a divided America: Elect Taylor Swift. The legendary hedge-fund investor and founder of Bridgewater Associates went to a Taylor Swift concert — and now he thinks she would make a better president than Joe Biden or Donald Trump. But now that Haley's out of the race, maybe Dalio can persuade Swifties to write her in on the ballot.

Persons: Ray Dalio, Taylor, He's, —, Elect Taylor Swift, Joe Biden, Donald Trump, Dalio, @TaylorSwift, Fortune, Nikki Haley, Swifties Organizations: Service, Bridgewater Associates, Fortune Global Locations: America, Singapore

☆ Right-wing boycotters take aim at another brand: Doritos
▼ + stars: | 2024-03-06 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewRight-wing boycotters have set their sights on another major brand: Doritos. Representatives for Doritos, PepsiCo, and Hudson did not immediately respond to BI's request for comment. AdvertisementOn Tuesday, Doritos Spain announced it was cutting ties with Hudson because of comments she reportedly made that resurfaced online, Newsweek reported. Advertisement"I don't remember having written such barbarities," she wrote, according to a Rolling Stone translation. While brand boycotts are nothing new, experts previously told Business Insider that political polarization in the US, combined with culture wars and panic-stoking media coverage, have been gaining steam in recent years.

Persons: —, Samantha Hudson, Hudson, Doritos, Rolling Stone, BoycottDoritos, Dylan Mulvaney, aren't Organizations: Service, PepsiCo, Hudson, NBC News, Business, Doritos, Newsweek, Stone, Bud Light Locations: Spain, Doritos Spain, Spanish

☆ Panera Bread franchise owner — and Newsom's donor — is going to raise wages after all
▼ + stars: | 2024-03-06 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Gavin Newsom said he's raising pay at his Panera Bread locations after it was widely reported that they'd be exempt from a new state law boosting the minimum wage. Greg Flynn, the franchise owner of 24 Panera Breads in the state, announced on Tuesday that he would raise the minimum wage at his locations from $16 to $20. This story is available exclusively to Business Insider subscribers. Newsom and Flynn have known each other for years, and Flynn has been a longtime donor to Newsom's campaign, Business Insider previously reported. That connection brought Newsom under fire last week because the state's new law appeared to have a potential, specific exception for Panera Bread.

Persons: —, Gavin Newsom, they'd, Greg Flynn, Newsom, Flynn Organizations: Service, California Gov, Business, Bloomberg, Flynn Locations: California, , California

☆ Millennials could become the richest generation ever — but only if they already come from money
▼ + stars: | 2024-03-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Read previewIf you're a Millennial whose parents have a boatload of money, you're about to make your generation historically rich. The transfer in wealth will make "affluent millennials the richest generation in history," according to the report. "It goes beyond a simple shift of existing wealth," Pickett said. "I think the diversity of opportunity to create wealth has also grown — for example, there are YouTubers worth tens of millions. The report urges the financial sector to be ready for the influx in monied millennials by offering wealth management "on their wavelength."

Persons: —, Knight Frank, Millennials, Mike Pickett, Pickett Organizations: Service, Business, Cazenove Locations: Millennials, India, China

☆ Bey and Tay save the movies! AMC says 'literally all' of its Q4 revenue growth was from their concert films.
▼ + stars: | 2024-03-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

AMC owes Taylor Swift and Beyoncé — big time. CEO Adam Aron says 'literally all' of AMC's revenue growth in Q4 was from their concert films. To that end, it is no surprise that our praise for Taylor Swift and Beyoncé Knowles-Carter has no limit." And it wasn't just AMC that benefited from "Taylor Swift: The Eras Tour" and "Renaissance: A Film by Beyoncé." Aron said that the concert films made up one-ninth of Q4 box office earnings across the entire industry domestically.

Persons: Taylor Swift, Adam Aron, —, Aron, Beyoncé Knowles, Carter, clamoring Organizations: AMC, Service, Beyoncé

☆ Biden is worried China will use its cars to spy on Americans
▼ + stars: | 2024-03-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

The Biden administration is initiating an investigation into foreign technology risks in American cars. The investigation is primarily focused on automakers from "countries of concern" like China. AdvertisementPresident Joe Biden is worried that China will use its cars to spy on Americans — and that the country could even remotely disable the cars' functions. Biden announced in a statement Thursday his administration is launching an investigation into automakers from "countries of concern," naming China exclusively. The Secretary of Commerce will lead the charge to determine the risks of foreign technology in everyday Americans' cars, and to take action, if necessary, to protect national security, the statement said.

Persons: Biden, BYD, —, Joe Biden Organizations: Service, Commerce, Business Locations: China

☆ Mark Zuckerberg gave a fan his vintage Facebook hoodie with a handwritten note
▼ + stars: | 2024-02-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg gave a fan one of his old Facebook hoodies along with a handwritten note. The fan said the hoodie was posted on Facebook Marketplace to celebrate Facebook's 20th anniversary. The hoodie features a custom lining bearing Facebook's original mission statement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The lucky recipient of the Zuck memorabilia, Matt Thompson, posted about it on Threads on Wednesday, sharing photos of the hoodie's lining and the note from Zuckerberg.

Persons: Mark Zuckerberg, —, who's, Zuckerberg, Matt Thompson Organizations: Facebook, Service, Meta, Business

☆ This notorious Russian hacking group is threatening to release Trump court documents
▼ + stars: | 2024-02-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Hackers are threatening to leak stolen Trump court documents unless they get a ransom. LockBit is a Russia-based ransomware group that's made millions already by hacking victims. AdvertisementLockBit, a group of notorious Russian hackers, is threatening to release court documents it claims it stole from Georgia officials unless it gets paid a ransom. It's the latest scheme from a group that's frustrated international authorities and dodged shutdown attempts. LockBit is threatening to release Trump court documents it stole from the Fulton County, Georgia, election interference case unless the county paid up.

Persons: Trump, LockBit, —, Biden, that's, It's, aren't, Donald Trump's Organizations: Service, Trump, US Department of, Treasury, Treasury Department, Justice Department, Infrastructure Security Agency, Boeing, National Health Service, Royal Mail, Commercial Bank of China, Business, Fulton, FBI, Crime Agency Locations: Russia, Georgia, Fulton County , Georgia

☆ Apple's shareholders will let it keep its AI business under wraps
▼ + stars: | 2024-02-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Apple shareholders rejected a proposal to release an AI transparency report. AFL-CIO, a labor union federation, wants big tech companies to publish ethical guidelines for the technology. But Apple's shareholders said on Wednesday that creating such a report would hurt their competitive strategy. The request was proposed by AFL-CIO Equity Index Funds, the largest labor union federation in the US, back in October, according to the group's website. This story is available exclusively to Business Insider subscribers.

Organizations: Apple, AFL, Bloomberg, Business

☆ The FTC is going to war with tax services that bill themselves as free
▼ + stars: | 2024-02-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

The FTC filed a lawsuit against H&R Block over what the commission called deceptive advertising. AdvertisementSo-called "free" online tax filing services like Intuit's TurboTax and H&R Block's Online Filing option have, for a long time, not actually been free for many Americans. The consumer protection agency filed a complaint against H&R Block last week, accusing the company of deceptive advertising and unfairly deleting users' tax data. A 2019 ProPublica investigation found Intuit and H&R Block's practices — including hiding their free filing options from Google search — are part of a decadeslong lobbying effort by the companies to keep tax filing services complicated. It was partially because of those lobbying efforts that the IRS did not roll out its own online free tax filing pilot until last year.

Persons: —, Samuel Levine, Levine, Dara Redler, Derrick L, Plummer Organizations: FTC, H, Intuit, Service, Consumer, Business, NPR, Google, IRS Locations: FTC's

☆ OpenAI says New York Times 'paid someone to hack OpenAI's products' in federal court filing
▼ + stars: | 2024-02-27 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewIn response to The New York Times' lawsuit against OpenAI, the artificial intelligence company is clapping back, saying in a new federal court filing that the Times hired someone to "hack" OpenAI platforms. "The truth, which will come out in the course of this case, is that the Times paid someone to hack OpenAI's products," OpenAI's lawyers wrote in a motion filed in Manhattan federal court on Monday. Not only did the Times pay someone to "hack" OpenAI's products, the filing alleges, but it also gamed the system to produce misleading evidence for the case. "It took them tens of thousands of attempts to generate the highly anomalous results" outlined in the Times' complaint, OpenAI's filing says. "Normal people do not use OpenAI's products in this way," the filing continues.

Persons: —, OpenAI, George R, Martin, Sarah Silverman, John Grisham Organizations: Service, New York Times, OpenAI, Times, Business, Microsoft, The New York Times Locations: Manhattan

☆ The FAA investigated Boeing's safety culture — and what they found wasn't good
▼ + stars: | 2024-02-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewThe Federal Aviation Administration spent nearly a year investigating Boeing's safety culture, uncovering a troubling workplace culture that made safety issues difficult to report. The FAA published the results of its investigation on Monday in a scathing 50-page report detailing 27 areas where Boeing's safety procedures and culture were insufficient. Staff also did not know their role in the safety management systems, and were skeptical of the systems' lasting power. The panel said it could not pinpoint a consistent and clear process for employees to report safety concerns. The experts found Boeing's documentation of its safety management systems overly complex and constantly changing, which created a culture of confusion among the employees.

Persons: —, weren't Organizations: Service, Federal Aviation Administration, FAA, Business, Boeing Max, Boeing, Alaska Airlines, National Transportation Safety, Staff

☆ A widow unexpectedly received $1 billion of Berkshire Hathaway stock. Now, she's covering Bronx med students' tuition forever.
▼ + stars: | 2024-02-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

"He left me, unbeknownst to me, a whole portfolio of Berkshire Hathaway stock," Gottesman told The New York Times. She would donate the money in full to the Albert Einstein College of Medicine in the Bronx, New York's poorest borough, the Times reported. Advertisement"I wanted to fund students at Einstein so that they would receive free tuition," she told the Times. Her gift is so large that it will cover students' tuition to the medical school in perpetuity, Albert Einstein College of Medicine said in a press release. A year's tuition at the school costs over $59,000, leaving many graduates with more than $200,000 in debt, the Times reported.

Persons: —, Ruth Gottesman's, Gottesman, Gottesman couldn't, Einstein, Ruth Gottesman, XOy9HZLbfD, 1ijv02jHFk —, Gottesman's, David, Sandy, Warren Buffett, Berkshire Hathaway, Yaron Tomer, Marilyn, Stanley Katz Dean Organizations: Service, Berkshire Hathaway, New York Times, Albert Einstein College of Medicine, Times, Montefiore Health Systems, Pediatrics, Health, Einstein, Foundation, Manhattan Co Locations: Berkshire Hathaway, Bronx ,, @EinsteinMed, Buffet's, Berkshire

☆ Sam Altman secretly owned way more Reddit stock than we thought
▼ + stars: | 2024-02-22 | by ( Grace Eliza Goodwin | Lauren Steussy | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWe learned a new detail about Sam Altman Thursday: just how much he supports Reddit. The filing revealed that Altman, the CEO of OpenAI, owns an 8.7% stake in the company. Reddit is the first social media company to submit an initial public offering since Pinterest in 2019, and it's the first major tech company to file for an IPO in 2024. The concept of working this closely with AI companies hasn't gone over great with some Reddit users, who have criticized the idea of profiting off users' data without their consent.

Persons: —, Sam Altman, Altman, Newhouse, Tencent, Reddit, Reddit doesn't, Steve Huffman, hasn't Organizations: Service, Securities and Exchange Commission, Business, Altman, Advance, Hollywood, Bloomberg, Google, OpenAI, SEC Locations: Reddit

☆ Wayfair CEO says laying off workers has turned out great
▼ + stars: | 2024-02-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: 1 min

AdvertisementLaying off workers over and over is working out great for Wayfair, according to the company's leaders. On Thursday, Wayfair CEO Niraj Shah wrote in a letter to shareholders — co-signed by co-founder and co-chairman Steve Conine — that several rounds of layoffs over the last year-and-a-half have helped the company become leaner and meaner. "While it is early, it does seem like we are getting more done, and faster, and at a lower cost," Shah and Conine wrote in the letter. "It also feels like we have the right level leaders in charge of the right things." This story is available exclusively to Business Insider subscribers.

Persons: Niraj Shah, Steve Conine —, Shah, Conine Organizations: —, Business

☆ Rivian workers won't be getting much sleep tonight
▼ + stars: | 2024-02-22 | by ( Grace Kay | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRivian left thousands of its workers in limbo after announcing it was laying off 10% of its salaried staff on Wednesday. AdvertisementIn an email to BI, Rivian did not specify exactly how many salaried staff members would be cut, but said that it has 16,700 total employees, including both salaried and hourly workers. High interest rates, slowing demand, and pressure from Tesla's pricing strategy have put pressure on the US electric car market. "Most notably the impact of historically high interest rates which has negatively impacted demand."

Persons: —, RJ Scaringe, they'd, Scaringe, Rivian, didn't Organizations: Service, Business, Ford, General Motors

☆ Red Lobster followed up its endless shrimp fiasco with another stunt: all-you-can-eat lobster
▼ + stars: | 2024-02-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Red Lobster announced another "endless" offering: all-you-can-eat lobster. The bargain comes after the company reported record losses last year, partly thanks to its endless shrimp offering. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJust months after admitting that its endless shrimp offering led to record losses, Red Lobster is trying out a surprisingly similar stunt: all-you-can-eat lobster.

Persons: — Organizations: Lobster, Service, Business

☆ Rivian is slashing 10% of staff. Read the email it sent to its workers.
▼ + stars: | 2024-02-21 | by ( Grace Eliza Goodwin | Grace Kay | ) www.businessinsider.com time to read: +5 min

Despite doubling its EV deliveries in 2023, Rivian reported a $5.4 billion loss for the year. In an email to Business Insider, Rivian did not specify exactly how many salaried staff members would be cut, but said that it has 16,700 total employees, including both salaried and hourly workers. Here's the full email that Rivian CEO RJ Scaringe sent out to staff on Wednesday, announcing that layoffs would be coming on Thursday. Tomorrow, we're reducing our salaried employees by approximately 10% along with a limited number of non-manufacturing hourly employees. Also, anyone impacted tomorrow will still be eligible for our FY'23 bonus.

Persons: Rivian, Claire McDonough, Jacob Bourne, Bourne, Tesla, Scaringe, RJ Scaringe Organizations: Bloomberg, Business, Intelligence, Ford, General Motors, Dealers

☆ A fellow pilot told Boeing jet that its tire popped off before takeoff: 'It just rolled off the runway behind you'
▼ + stars: | 2024-01-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

"Delta 982, this is the aircraft looking at you," the pilot of Delta Flight 1783, who was taxiing directly behind Flight 982, said in the audio obtained by CNN. "Hey, thanks for that," the pilot of Flight 982 responded to the fellow pilot before alerting air traffic control, according to CNN. The Delta Spokesperson said that all 172 passengers were taken off the plane and transferred to another aircraft. The plane's wheel was replaced and put back into service the next day, the Delta spokesperson added. AdvertisementBoeing stopped delivering 757 models in 2004, a Boeing spokesperson told BI.

Persons: — Organizations: Service, Business, Delta Air Lines, Boeing, CNN, Delta, Aviation Administration, FAA, Alaska Airlines, Max, Virgin Locations: Atlanta, Alaska

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