The CEO of the scandal-ridden Ozy Media, Carlos Watson, on Monday tried to explain away the various scandals that led to his company’s demise last week while pledging to revive the media firm despite the flight of investors and advertisers. It’s another dramatic twist in the media company’s sudden downfall. Watson had informed employees Friday
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In this article FB Olivier Douliery | AFP | Getty Images A Facebook whistleblower who brought internal documents detailing the company’s research to The Wall Street Journal and the U.S. Congress unmasked herself ahead of an interview she gave to “60 Minutes,” which aired Sunday night. Frances Haugen, a former product manager on Facebook’s civic
Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health (NIH), testifies before a Senate Health, Education, Labor, and Pensions hearing to examine an update from Federal officials on efforts to combat COVID-19 in the Dirksen Senate Office Building on May 11, 2021 in Washington, DC. Jim
The hunt for yield has intensified. Investors are turning to alternative securities for income as inflation concerns grow and Treasury yields remain relatively low — and some may be worth considering, market analysts say. They include short-duration inflation-protected securities, which mature quickly and can help lower risk in case of an uptick in interest rates,
Amazon’s new delivery van Amazon Rivian Automotive, a company developing electric vehicles, including commercial delivery vans for Amazon, filed for an initial public offering on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN.” Its paperwork shows a $994 million net loss on zero revenue in the first six months
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ Blue Origin is suffering from an elevated turnover rate, CNBC
Demis Hassabis, co-founder of Google’s artificial intelligence (AI) startup DeepMind. Jeon Heon-Kyun | Getty Images LONDON — Alphabet’s Google and sister firm DeepMind are facing legal action for the way in which they obtained and processed over a million patient health records without consent in the U.K. British law firm Mishcon de Reya told CNBC
In this article ZM FIVN Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., speaks during the BoxWorks 2019 Conference at the Moscone Center in San Francisco, California, U.S., on Thursday, Oct. 3, 2019. Michael Short | Bloomberg | Getty Images Zoom’s agreement to buy cloud contact center software company Five9 was
U.S. Treasury yields eased back slightly on Thursday, following a sell-off amid inflation fears. The yield on the benchmark 10-year Treasury note gave up 1.2 basis points, falling to 1.527% at 7:50 a.m. ET. The yield on the 30-year Treasury bond fell by 1.7 basis points to 2.07%. Yields move inversely to prices and 1
James Spears has been suspended as pop star Britney Spears’ conservator, a judge ruled Wednesday. “The current situation is not tenable,” Los Angeles County Superior Court Judge Brenda Penny said after hearing arguments from both sides. “The situation is toxic. I believe suspension is in the best interest of the conservator.” The court named California
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according
In this article AMPL Amplitude CEO, Spenser Skates, in Times Square after ringing the opening bell at NASDAQ headquarters on Tuesday, Sept. 28, 2021 in New York. Andrew Kelly | AP As vocal as Benchmark’s Bill Gurley has been about his preference for direct listings over IPOs, his venture firm has had limited success in
Source: Somos Kind founder Daniel Lubetzky is joining forces with two former executives from the snack brand to launch a Mexican food company based on the food they ate growing up. Somos, which means “we are” in Spanish, is accepting wholesale orders from grocery stores and retailers now, with the expectation that its range of
In this article NFLX Rege-Jean Page and Phoebe Dynevor star in Netflix’s “Bridgerton.” Netflix Netflix said on Monday that the first season of “Bridgerton” was its most watched TV series ever, with 82 million subscribers tuning in for at least two minutes in its first 28 day on the service. Ted Sarandos, Netflix’s co-CEO, released
In this article BOLT In this photo illustration the Uber logo is displayed on a phone in front of Tower Bridge on November 25, 2019 in London, England. Peter Summers | Getty Images LONDON — Hailing a ride on apps like Uber and Bolt is now almost impossible at certain times of the day in
In this article TSLA Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference. Win McNamee | Getty Images Elon Musk reassured Tesla‘s commitment to China, saying
In this article TOST Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Not long after selling software company Endeca to Oracle in 2011 for over $1 billion, Steve Papa called Bessemer Venture Partners with a hot tip. He said three of his best engineers
In this article TSLA Electric vehicle maker Tesla rolled out a long-awaited software update Friday night that allows customers to request access to its controversial Full Self-Driving Beta (FSD Beta) software. The move delighted fans of CEO Elon Musk and Tesla, but it risks drawing the ire of federal vehicle safety authorities who are already