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☆ I work on a cruise ship after leaving my 9-to-5. Now I get to travel and do things like manage the slides, surf machine, and bartending.
▼ + stars: | 2023-07-18 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +6 min

Kailey Milhorn is a a cruise ship member on Royal Caribbean. After a while, you realize how small the cruise ship world is. This as-told-to essay is based on a conversation with Kailey Milhorn, a cruise ship member for Royal Caribbean. If you 're curious about what my job is like, here are four fun facts about working on a cruise ship. After a while of working on cruise ships, you realize how small the cruise ship world is.

Persons: Kailey Milhorn, I've, it's, Alyshia Organizations: Royal, Alyshia Hull, ahull Locations: China, Alaska

☆ Al Ain Adventure: Abu Dhabi has built a white water river in the middle of a scorching desert
▼ + stars: | 2023-07-17 | by ( Bijan | ) edition.cnn.com time to read: +4 min

Al Ain, Abu Dhabi CNN —“Back! Al Ain Adventure ParkAl Ain Adventure Park has gained international recognition as a hub for sports professionals seeking to hone their skills in various disciplines. Al Ain Adventure ParkMaintaining a water park in the middle of a desert environment poses unique challenges that require meticulous upkeep and careful management. Al Ain Adventure Park reopened in December 2022 after a three-year hiatus caused by the coronavirus pandemic. Al Ain Adventure Park aims to offer a unique experience where action-packed water sports can coexist in the UAE’s harsh desert climate.

Persons: Al, ” Shrestha, ”, Shrestha, He’s Organizations: CNN, Abu Dhabi CNN, Al, Al Ain Adventure, International, Federation, Ain Adventure Locations: Al Ain, Abu Dhabi, Abu Dhabi’s Jebel Hafeet, Abu, Abu Dhabi’s, Nepal, Japan, India, UAE, Ain, Europe, Russia, Ras Al Khaimah

☆ 'OG Mark' is back – and some think Zuck has Elon Musk to thank for his new attitude
▼ + stars: | 2023-07-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg's new attitude is being hailed by Meta insiders as "OG Mark," per the WSJ. In many ways, Zuckerberg might have his rival Elon Musk to thank for Meta's turnaround. The much-hyped launch of Threads, Meta's Twitter killer, might have a particularly Musky scent to it — but this time, it could be coming from Meta's CEO. Encouraged by the chaos at Twitter since Musk's takeover, he launched "Project 92" to create Threads, Meta's own text-based app, the Journal reported. Mark Zuckerberg with UFC legends Isreal Adesanya and Alex Volkanovksi.

Persons: Mark Zuckerberg's, he's, Zuckerberg, Elon Musk, Meta, Zuck, Musk, Zuckerberg's, Mark Zuckerberg, Isreal Adesanya, Alex Volkanovksi, Elon Organizations: Meta, Wall Street, Facebook, Social Network, Twitter, UFC, MMA

☆ Mikala Jones, Surfer Known for Photography Inside Waves, Is Dead
▼ + stars: | 2023-07-12 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

Mikala Jones, a professional surfer known for his photography and videos filmed from inside the tight tubes of breaking waves, has died after an accident while he was surfing in Indonesia, his family said. This week, the online surfing world mourned a member of its tribe and circulated some of his most popular works, including a photograph that showed him peering through the barrel of a breaking wave as he rode it into an opening of sunlight. In one of Mr. Jones’s last Instagram posts, he filmed himself standing up on a surfboard as the walls of a wave folded around him. “Time to live,” he wrote. Besides his wife and children, he said, surfing was “all I need.”

Persons: Mikala Jones, John Jones, Jones’s, ” Organizations: Associated Press Locations: Indonesia, Sumatra

☆ Is your partner setting a boundary or controlling your behavior? Here's how to spot the difference, according to a relationship therapist
▼ + stars: | 2023-07-12 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Last week Sarah Brady, an ex-girlfriend of actor Jonah Hill, started posting screenshots of text messages the couple exchanged during their year-long relationship to her Instagram account. He includes "surfing with men," "to post pictures of yourself in a bathing suit," and "to model." The screenshots sparked discussion around Hill's use of the word "boundaries" and how what we know as "therapy-speak" can be invoked to justify questionable behavior. "Therapy speak has become weaponized in many ways," says Lisa Marie Bobby, psychologist and clinical director of Growing Self Counseling & Coaching in Denver. "By saying, 'you're failing to respect my boundaries,' it is effectively stopping the conversation and accusing someone else of being inappropriate," Bobby says.

Persons: Sarah Brady, Jonah Hill, Brady, Lisa Marie Bobby, Bobby Locations: Denver

☆ Mikala Jones: Hawaiian pro surfer dies at 44 after surfing accident in Indonesia
▼ + stars: | 2023-07-11 | by ( Sophie Jeong | ) edition.cnn.com time to read: +2 min

CNN —Hawaiian pro surfer Mikala Jones has died at the age of 44 following a fatal accident while surfing in Indonesia’s Mentawai Islands on Sunday. Jones was known throughout the surfing world for the mesmerizing photos and videos he took while riding inside of breaking waves, offering a unique first person perspective into the sport. This is too soon.”Following Jones’ death, many from the surfing community took to social media to pay their respects. Legendary pro surfer Kelly Slater, who has 11 World Champion Surf Titles to his name, commented on Bielmann’s post, writing “Sobering moment. Mikala you were one of a kind.”CNN has reached out to the Indonesian National Police, USA Surfing and International Surfing Association for comment.

Persons: Mikala Jones, Jones, Jones ’, Isabella, Instagram, ”, “, Brian Bielmann, Kelly Slater, Mick Fanning Organizations: CNN, Indonesian National Police, USA, Surfing Locations: Hawaiian, Mentawai Islands, Indonesia’s West Sumatra

☆ An ex-Meta employee said he had so little to do during his first few weeks as a full-time staffer that he went surfing on a work day
▼ + stars: | 2023-07-11 | by ( Grace Kay | Hugh Langley | ) www.businessinsider.com time to read: +4 min

A former Meta worker said he went surfing on a work day because he didn't have any assignments. A former Meta worker said he had so much free time when he was hired onto the tech company that he once went surfing on a work day. The worker is one of many to point to a culture of "fake work" and "lazy management" in Silicon Valley. Earlier this year, a former Meta employee went viral on TikTok after she said she "had to fight to find work" at the company. The Meta worker said he was eliminated in the company's first round of layoffs.

Persons: Keith Rabois, that's Organizations: Meta, PayPal Mafia, Google Locations: Silicon Valley, San Francisco, Meta's

☆ Truth Behind Tech Industry's Fake Work Problem: Bad Managers, Bosses
▼ + stars: | 2023-07-10 | by ( Hugh Langley | Grace Kay | ) www.businessinsider.com time to read: +19 min

The tech employees spoke with us on the condition of anonymity to avoid professional reprisal. There's only one real culprit for the culture of "fake work," he said. The latest version of fake work emerged as part of the tech industry's pandemic-driven boom and bust. "I think COVID was an accelerator for fake work because a lot of these tech companies hired. As for Graham, he's since moved to another tech company, where he said he felt his contributions were more valued.

Persons: Graham, wouldn't, Keith Rabois, Rabois, Brit Levy, Scott Latham, University of Massachusetts Lowell, Brent Peterson, Gaylan Nielson, Rich Moran, " Moran, Melina Mara, he'd, Moran, Anna Tavis, Stewart Butterfield, Bloomberg's, LINDSEY WASSON, it's, Salesforce, What's, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Brad Glasser, Meta, Greg Selker, Stanton Chase, Jessica Kennedy, Kennedy, NYU's Tavis, Hugh Langley, Grace Kay Organizations: Amazon, Alexa, Big Tech, Google, University of Massachusetts, Washington, Getty, Meta, Microsoft, overhiring, New York University's School, Professional Studies, Slack, Command, Bloomberg, Vanderbilt University, Companies Locations: New, Salesforce, he's

☆ World Beach Games 2023 canceled after Indonesia pulls out of hosting, ANOC says
▼ + stars: | 2023-07-06 | by ( Helen Regan | ) edition.cnn.com time to read: +3 min

CNN —The 2023 World Beach Games, scheduled to take place in Bali next month, have been canceled after hosts Indonesia suddenly withdrew from the tournament. “It is with great surprise and extreme disappointment that ANOC has learnt that the Indonesian Olympic Committee (KOI) has withdrawn from its commitment to host the ANOC World Beach Games and the ANOC General Assembly in August 2023,” ANOC said in a statement Tuesday. Indonesia’s withdrawal from the World Beach Games at such a late hour caught the organizing body off guard. “The situation is felt to be getting more difficult because several sponsors of the 2nd ANOC World Beach Games Bali 2023 have also announced their withdrawal,” Raja Sapta said. CNN has reached out to ANOC and the KOI for further comment on Indonesia’s withdrawal from the tournament.

Persons: ANOC, ” ANOC, Wayan Koster, Koster, Israel, “ ANOC, Dito Ariotedjo, Raja Sapta Oktohari, ” Raja Sapta Organizations: CNN, Games, FIFA, Israel, Association of National Olympic Committees, Indonesian Olympic, Assembly, CNN Indonesia, Football Association of Indonesia, World, Reuters, Indonesia National Olympic Locations: Bali, Indonesia, Israel, Jakarta

CNN —Shark patrols are ramping up off Long Island beaches after five people were bitten in two days by marine animals that are likely sharks, authorities say. Officials in Long Island’s eastern Suffolk County, where three of the attacks occurred, have increased beach patrols and are using drones to scour the water for potential threats, the Suffolk County Police Department said Tuesday. Though no sharks were seen by the girl or anyone nearby at the time of the incident, the bite was most likely from a shark, Gorman said. Also Tuesday, a 15-year-old boy was bitten on his foot by a shark while surfing off Fire Island’s Kismet Beach, Suffolk police said. Three more people were bitten on Tuesday, including a 47-year-old man swimming in chest-deep water off of Long Island’s Quogue Village Beach, local police said.

Persons: Robert Moses Beach, George Gorman, Gorman, lacerations, preliminarily, “, ” Gorman, Gavin Naylor, ” Naylor Organizations: CNN, Suffolk County Police Department, Long, New York State Parks , Recreation, Historic Preservation, Quogue Village Police Department, Cherry Grove, York’s, Parks , Recreation, Florida Program, Shark Research, Florida Museum Locations: Long Island’s, Suffolk County, Suffolk, New York, Beach, Pines, Cherry, United States

☆ 5 shark attacks were reported near Long Island over 2 days. There were only 8 total shark attacks in New York in all of last year.
▼ + stars: | 2023-07-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

There were five reported shark bites off of Long Island on Monday and Tuesday. In all of 2022, there were only eight total shark attacks reported in New York state. That many shark attacks in just two days was significant compared to last year's total. In all of 2022, there were only eight shark attacks reported in New York, according to the University of Florida's International Shark Attack File. Shark attacks in general remain rare, according to the International Shark Attack File.

Persons: —, Robert Moses Beach, Long, Gavin Naylor, George Gorman Organizations: Sharks, Service, New, University of, Island Parks Regional, New York Locations: Long, New York, Quoque, Cherry Grove, . New York, Southern California

☆ In Scotland, Taking the Traditional and Making It New
▼ + stars: | 2023-07-04 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +2 min

This being the Highlands, the great outdoors beckons. “Ghillies,” or local guides, are on tap for horseback riding, fly-fishing, birding and hiking in Cairngorms National Park (doubles from £600 per night). ToursWith its widely spread out attractions, wind-whipped landscape and lack of public transport, Scotland can be challenging to tackle on your own, especially if the thought of driving on the “wrong” side is daunting. Rabbie’s Tours offers one-day (£54) and four-day (£209‌ without lodging) “Outlander”-themed tours centered on filming locations. Beyond activities‌‌, the company can secure tucked-away lodging and car transfers‌ (starting at $1,000 per day for a couple, including hotel, guide and experiences, but excluding dining).

Persons: Manuela, Iwan Wirth, Wirth, Zhang Enli, Queen Victoria, Elsa Schiaparelli, Flora Macdonald, “, Harry Potter, Skye, Outlander, Ben Nevis Organizations: Hauser, Jacobite, brac, Hogwarts Express, Rabbie’s Locations: Fife, Highlands, Braemar, Scotland, Orkney, Isle

☆ Fact Check-Video does not show singer Sam Smith trying to crowd surf
▼ + stars: | 2023-06-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A person dressed as a Ninja Turtle, who was filmed trying - and failing - to crowd surf at a Vanilla Ice concert, is being misidentified online as British singer Sam Smith. “Sam Smith, who is ‘body positive’ and uses ‘they/them’ pronouns, tries crowd surfing. The person is seen jumping off the stage and into the crowd while Vanilla Ice was performing his Ninja Rap (here). Vanilla Ice performed at the location on June 17 as part of an “I Love The 90s Tour” (archive.is/oaPn7). Representatives for Smith, Vanilla Ice and the concert organisers did not immediately respond to a Reuters request for a comment.

Persons: Sam Smith, “ Sam Smith, Smith, Read Organizations: Facebook, Reuters, Mail Locations: British, Canyonville , Oregon, New York City

London CNN —Prince William believes you can have zero homelessness and he’s using Finland as a case study. Over the next two days, William will travel to each of the six locations to formally kickstart the program. Over the next two days, William will travel to each of the six locations to formally kickstart the program. William has long used his platform to spotlight homelessness, ever since his mother, Princess Diana, first took him to homeless shelters as a child. Last year, William attempted to go undercover on the streets of London and sell The Big Issue to “experience the other side and see what it was like to be a Big Issue vendor,” he wrote in the magazine afterwards.

Persons: London CNN — Prince William, Prince, “, ”, Wales, ” Matt Downie, Princess of Wales, William, ’ ” William, Andrew Parsons, Princess Diana, Diana’s Organizations: London CNN, “, Crisis, Royal Foundation, British, Sunday Times, CNN’s Royal Locations: Finland, Wales, Kensington, London

☆ This man is traveling the world on non-motorized transport
▼ + stars: | 2023-06-19 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +12 min

Not even an elevator,” Pukonen says of his epic adventure, which has seen him travel around 80,000 kilometers without using motorized transport. Ambitious questAdventurer Markus Pukonen has spent over seven years traveling the world using non-motorized transport. Before beginning the trip, Pukonen founded nonprofit organization Routes of Change, with the aim of raising funds and awareness for small social and environmental organizations throughout his journey. “So the fact that what I’m doing is such a crazy, astonishing thing [to some people] is really, really bizarre to me. Although Pukonen has used almost every form of non-motorized transport possible during the journey, he says there’s nothing quite like traveling on water.

Persons: Markus Pukonen, Pukonen, he’d, “, it’s, ”, he’s, ” Pukonen, Randy Mitson, ’, “ I’ve, ” He’s, “ I’m Organizations: CNN, CNN Travel, Children’s, Swift, Toronto Locations: Toronto, rafted, Mississippi, Canada, Lake Ontario, Columbia, Washington, Hawaii, Macau, Vietnam, kayaked, Indonesia, Canadian, Winnipeg, Tofino, Vancouver Island, India, Seychelles, Tanzania, Mozambique, South Africa, Brazil, Florida, Savannah , Georgia, North America's, Superior, Georgia, Maine, Hudson, New York, Caribbean, Tobago, Asia, Pukonen, British Columbia

1. tritium — a radioactive form of hydrogen used in nuclear weapons:With this kind of nuclear waste, I’m not referring to water containing the radioisotope tritium that nuclear plants regularly release. — Nuclear Waste Is Misunderstood (April 28, 2023)2. ennead — a group of nine:The remaining nine partners wanted to more accurately signify their collaborative process. — Architecture Now Building New Names (Sept. 29, 2010)3. wahine — a Polynesian woman or a female surfer:And I wasn’t the only smitten wahine. Rats in particular found plenty of bird eggs and chicks to feed on, including those of two endemic species: the South Georgia pintail, a small duck; and the South Georgia pipit, the island’s only songbird. — Abundance, Exploitation, Recovery: A Portrait of South Georgia (April 18, 2022)10. natant — swimming or floating:I love the word natant.

Persons: ennead, wahine, tomtit, Massenet — Minor, monomania, —, ”, Rebecca Morris, Peter Bradley’s, tippet, — Dave Whitlock Organizations: Surf Industry Manufacturers Association, Audubon Society, Science, Georgia pintail, Sun Locations: Los Angeles, Georgia, South Georgia

☆ Jack Johnson’s Oahu
▼ + stars: | 2023-06-14 | by ( Celeste Moure | ) www.nytimes.com time to read: 1 min

Born and raised in Oahu’s North Shore, the singer-songwriter Jack Johnson can still remember a time when going surfing in Waikiki on the other side of the island was a bit of a trip. It was mostly dirt roads to get there,” Mr. Johnson said during a video chat from his farm on the island. He also remembers hearing about a local chef, Ed Kinney, who supported and promoted local agriculture. Ed was one of the first chefs, 20 years ago, who was really talking about how important it was to buy local ingredients. Not only for the local economy but also just so that when people are eating out, they’re tasting food that was grown in Hawaii.”

Persons: Jack Johnson, ” Mr, Johnson, Ed Kinney, Ed, ” Locations: Oahu’s North Shore, Waikiki, “, Hawaii

☆ Financial advisors have met their match in TikTok
▼ + stars: | 2023-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The impact of artificial intelligence on Wall Street has plenty of people concerned, but some financial advisors fear a much more sinister opponent. Financial advisors are right to be concerned. A 2022 survey found Gen Z was more likely to seek out financial advice from TikTok (34%) and YouTube (33%) than a financial advisor (24%). Couple that with their often obsessive consumption of social media, and you start to see why financial advisors never had a fighting chance. More on why advisors are worried about young people turning to TikTok for help with their finances.

Persons: Dan DeFrancesco, we've, James Gorman's, Morgan Stanley, David Solomon, Goldman Sachs, Samantha Lee, Insider's Lindsay Dodgson, Z, they've, that's, Kelsey Wells, Kyle Davies, Su Zhu, Davies, Zhu, Brian, Lisa Sugar, David Solomon can't, Let's, Jeffrey Cane, Nathan Rennolds Organizations: Insider, YouTube, Arrows, Avid Capital Advisors, Wall, LinkedIn Locations: Dublin, Bali, Miami, South Beach, New York, San Francisco, Chicago, London

☆ The 14 Best Women’s Bathing Suits for Sun and Sand
▼ + stars: | 2023-06-13 | by ( Erika Veurink | ) www.wsj.com time to read: +9 min

The brand’s Sidestroke one-piece style is a top pick for Tussey. High-waisted optionNana Castro, a fashion content creator who splits her time between New York and Florida, raves about the flattering silhouette of these full-coverage bikini bottoms from Aerie. The brand’s Balconette swim top style (which comes in bra sizes) is supportive with lightweight, flexible underwire. Vintage-inspired pickMadewell x OOKIOH Savannah One-Piece Swimsuit $125 at MadewellOne pieces don’t have to be boring—take this bold golden suit in a classic silhouette, for example. “I really love a vintage-inspired classic one-piece, maybe because I like the idea of wearing it with high-waisted pants as an everyday bodysuit,” she says.

Persons: Erika Veurink, we’ve, men’s swimsuits, Retta Leritz, ”, Tyler McCall, “, Nana Castro, Castro, Aemelia Madden, ” Madden, Madden, It’s, Taylor Hansen Hughes, Nordstrom, Hughes, Kelly Mittendorf, ain’t, Karen Blanchard, Blanchard, Christene Barberich, Apt, Madewell Organizations: Abercrombie, Fitch, Free, Mare, New, Refinery29 Locations: Louis, Brooklyn, New York, Florida, N.Y, New York City, Moonstone

☆ Amputee surfer making waves in the sport
▼ + stars: | 2023-06-12 | by ( Borja Suarez | ) www.reuters.com time to read: +1 min

[1/5] Sarah Almagro, 23, trains with her coach Javier Donoso, during the adaptive surfing Open LPA Surf City, Las Palmas, Gran Canaria, Spain, June 11, 2023. REUTERS/Borja SuarezLAS PALMAS DE GRAN CANARIA, June 12 (Reuters) - When Sarah Almagro was 18 she suffered meningococcal meningitis and surgeons had to amputate both her hands and feet. Almagro was among the competitors who took part in the Open LPA Surf City 2023 championship in Playa de las Canteras in Gran Canaria on Saturday. Adaptive surfing refers to surfing where people with disabilities adapt their techniques and equipment in order to be able to practise the sport. Surfing will not be part of the Paralympics next year in Paris, but Almagro hopes it will chosen as a sport for the Games from 2028.

Persons: Sarah Almagro, Javier Donoso, Borja Suarez, Almagro, Graham Keeley, Toby Davis Organizations: Gran Canaria, REUTERS, Borja Suarez LAS PALMAS DE GRAN CANARIA, Reuters, Games, Thomson Locations: Las Palmas, Gran, Spain, United States, Playa de las, Malaga, Paris

☆ Since Three Arrows Capital collapsed, the crypto fund's founders have reportedly been meditating in Bali, learning to surf, and taking shrooms
▼ + stars: | 2023-06-10 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

When hedge fund Three Arrows Capital collapsed last year, it left the crypto world reeling. But the firm's founders, Kyle Davies and Su Zhu, have reportedly had it pretty good ever since. Just because your crypto firm collapsed, doesn't mean you are going to end up on house arrest at your parents' pad. As the liquidation process began for their crypto firm, both founders flew to Bali — Indonesia notably doesn't have an extradition treaty with the United States — the Times reported. According to the Times, Zhu started to hang out with surfers and UFC fighters.

Persons: Kyle Davies, Su Zhu, Zhu surfed, Davies, Hemingway, Zhu, liquidators Organizations: Arrows Capital, Morning, New York Times, United, Times, Twitter, UFC Locations: Bali, Bali — Indonesia, United States, Bahrain, Singapore

☆ Rio Waida: He grew up with the world's best waves but pioneering Indonesian found surfing success the hard way
▼ + stars: | 2023-06-07 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

Aaron Hughes/World Surf LeagueDespite Indonesia’s reputation as an iconic surf destination, Waida is the first person from the southeast Asian country to compete on the Championship Tour. “In Indo, we have the best waves and every day is good waves. I lost a lot before I qualified [for the Championship Tour]. However, disappointing results in Australia at the Rip Curl Pro and the Margaret River Pro saw Waida drop down the rankings. It’s tough, surfing against the best surfers … I have to give everything, there’s no easy road.

Persons: Rio, Waida, ”, “, Kelly Slater, Mick Fanning –, Aaron Hughes, I’ve, ” Waida, Slater, Gabriel Medina, John John Florence, Lisi Niesner, Curl, Margaret River, He’s, …, Brent Bielmann, Waida prioritizes Organizations: CNN, Olympics, Surf, Waida, Indonesia –, Tokyo, Paris, Reuters, Billabong Pro Pipeline, Curl Pro, City El Salvador Pro Locations: Indonesian, Bali, Indonesia, California, Europe, Japan, Australia, Brazil, United States, Hawaii, Curl Pro Portugal, Oahu

☆ No one cares about Mike Pence
▼ + stars: | 2023-06-07 | by ( Taylor Berman | ) www.businessinsider.com time to read: +4 min

Pence hopes to position himself as a more traditional conservative, pushing for family values, fiscal conservatism, and an aggressive military presence abroad. He stuck with Mr. Trump through numerous controversies including the leak of the "Access Hollywood" tape, in which Mr. Trump boasted about grabbing women's genitalia. He vouched for Mr. Trump's character with skeptical evangelicals with whom Mr. Trump ultimately forged his own relationship. Portraying himself as a traditional conservative could also lead to a return to conservative media for Pence. For a time after leaving office as vice president, the Pences were homeless and appeared to be couch-surfing their way through Indiana.

Persons: Pence, —, Mike Pence, Nikki Haley, Vivek Ramaswamy, Donald Trump, Ron DeSantis, McKay Coppins, … It's, Jonathan Swan, Trump, Doug Heye, Simon, Schuster, He's, I'm Organizations: Republican, Trump, Service, GOP, Politics, Florida, Atlantic, New York Times, Ukraine, Mr Locations: U.S, Afghanistan, Indiana

☆ Musk's Neuralink valued at about $5 billion despite long road to market: Reuters
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: +4 min

Such so-called secondary trades are an imperfect gauge of a company's value; their volume is thin and they lack the wider market consensus of a fundraising round or initial public offering (IPO). About 85% of pre-IPO companies are currently valued in secondary trades at an average discount of 47% to their last funding round, according to data provider Caplight. In Neuralink's last known fundraising in 2021, it raised $205 million at an approximately $2 billion valuation, according to data provider Pitchbook. The maximum amount sought for the Neuralink shares marketed for sale at a $7 billion valuation was just $500,000, according to the email seen by Reuters. Sim Desai, chief executive of Hiive, an online platform where the shares are traded, said demand for Neuralink stock has been "tremendous."

Persons: Elon, Kip Ludwig, Musk, Neuralink, Sim Desai, Arun Sridhar, Sridhar, Galvani Organizations: U.S . National Institutes of Health, Reuters, U.S . Food, GSK Plc, Sciences Locations: Neuralink's, U.S

Neuralink's valuation jump in secondary trades is in sharp contrast to other startups. About 85% of pre-IPO companies are currently valued in secondary trades at an average discount of 47% to their last funding round, according to data provider Caplight. The maximum amount sought for the Neuralink shares marketed for sale at a $7 billion valuation was just $500,000, according to the email seen by Reuters. Sim Desai, chief executive of Hiive, an online platform where the shares are traded, said demand for Neuralink stock has been "tremendous." Neuralink stock that some of the employees hold has jumped around 150% in value in just two years, based on the secondary trades.

Persons: Elon, Kip Ludwig, Musk, Neuralink, Sim Desai, Arun Sridhar, Sridhar, Galvani, Rachael Levy, Marissa Taylor, Krystal Hu, Greg Roumeliotis, David Gregorio Our Organizations: U.S . National Institutes of Health, Reuters, U.S . Food, GSK Plc, Sciences, FDA, U.S . Department of Agriculture, Department of Transportation, Thomson Locations: Neuralink's, U.S, Washington ,, New York

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