Executives - CybAI news

27 Sep

The Power Struggle That Imploded Megan Ellison’s Video Game Unit

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In February, Nathan Gary, the longtime leader of the indie video-game publisher Annapurna Interactive, was in Las Vegas for the annual DICE convention, schmoozing with old colleagues and catching up on the latest developments in gaming. One evening at dinner, Geoff Keighley, a video-game industry personality, approached Gary with an unsettling bit of news. According to people familiar with the conversation, Keighley related that he’d just seen Gary’s boss Megan Ellison — the 38-year-old owner of Annapurna and daughter of billionaire Oracle Corp. Co-Founder Larry Ellison — eating elsewhere in the same restaurant with one of Gary’s former colleagues, a…

15 Aug

Autodesk Executives Ignored Accounting Risks, Documents Show

stp2y0 CommentsRAG modelsAUTODESK INC, Cash Flow, Debbie Clifford, engineering, Executives, jobs, Software Company, STARBOARD VALUE LP, Steve Blum, Technology, US Securities and Exchange Commission

Autodesk Inc. continued to use a controversial sales strategy after promising investors it would stop and ignored internal warnings about the risks of doing so, according to previously unreported internal documents.The yearslong strategy involved offering discounts to certain corporate customers willing to pay up front for large multiyear contracts. In an effort to provide more predictable cash flow and wean itself off of the discounts, the engineering software company in 2021 pledged to halt the practice. Source link lol

15 Aug

Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks

stp2y0 CommentsRAG modelsartificial intelligence, bitcoin, Debt, Executives, finance, infrastructure, Markets, Paul B Prager, regulation, Technology, TWITTER INC

It’s Steve Cohen’s hedge fund versus an activist short-seller in the stock market today. And so far, Cohen is winning.Bitcoin mining company TeraWulf Inc. rallied as much as 18% on Thursday after Cohen’s Point72 Asset Management disclosed a 1.3% stake in the company in its second-quarter report to the Securities and Exchange Commission. The shares maintained most of those gains following a reportBloomberg Terminal published by Grizzly Research that accused the miner of enriching insiders at the expense of investors. Source link lol

15 Aug

Meta Shuts Down CrowdTangle, Tool Used for Tracking Online Misinformation

stp2y0 CommentsRAG modelsChris Coons, Coronavirus, Delaware, Executives, JULY SARL/CAEN, Mark Elliot Zuckerberg, META PLATFORMS INC-CLASS A, michigan, social media, Technology, U.S. Republicans

Meta Platforms Inc. on Wednesday shuttered CrowdTangle, a popular social media analysis tool that journalists, civic groups and researchers used to monitor trending posts on platforms like Facebook and Instagram in real time.The timing of the tool’s shutdown, months ahead of a major US presidential election, has drawn concern from groups that relied on CrowdTangle to track the flow of information on social media, including viral falsehoods that have led to real-world harm. Using CrowdTangle, journalists and researchers could show how many users engaged with a piece of content, which groups supercharged the spread of a post and just how…

12 Aug

Instagram Views for Major Accounts Drop With Meta Shunning Politics

stp2y0 CommentsRAG modelsAdam Mosseri, elections, Executives, Hillary Clinton, META PLATFORMS INC-CLASS A, policy, politics, social media, Technology, war, Women's Rights

A new study found that several prominent, progressive Instagram accounts saw their reach decline by 65% on average in the months following Meta Platforms Inc.’s move to subdue political content on the app.Over a roughly three-month period following the policy’s rollout in early March, researchers at Accountable Tech, a social media integrity nonprofit, gathered viewership data for five prominent Instagram accounts with a collective following of 13.5 million people, including those of Hillary Clinton and GLAAD, an LGBTQ activist group. Researchers found that posts from those accounts, which heavily feature topics such as voting information, reproductive rights and advocacy for…

11 Aug

The Race Is On to Build The Next Profitable Streaming Service

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, business, Executives, media, NETFLIX INC, PARAMOUNT GLOBAL-CLASS B, screentime, Streaming Services, Susan D Wojcicki, Technology, WALT DISNEY CO/THE, youtube

The five major Hollywood streaming services reported a collective profit of $3.2 billion in the first six months of this year. Source link lol

09 Aug

Expedia Warns of Soft Demand Even as It Posts an Earnings Beat

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Expedia Group Inc. posted better-than-expected second-quarter results while warning of “softening” travel demand in the current quarter, leading it to adjust its expectations for the rest of the year. Gross bookings across Expedia’s platforms, which include flight reservations, hotel stays, car rentals activities and vacation rentals, increased 6% to $28.8 billion in the three months ended June 30, the company said Thursday in a statementBloomberg Terminal. Wall Street was expecting $28.6 billion, according to data compiled by Bloomberg. Source link lol

09 Aug

Citadel Helps the Pandas, Larry Ellison’s Resort

stp2y0 CommentsRAG modelschina, Eric Chi, Executives, Florida, Golf, NEW YORK TIMES CO-A, Palm Beach, San Diego, social media, Technology, WILDLIFE ALLIANCE

Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Louise Moon on Bloomberg’s Breaking News team, which monitors everything from company statements to social-media posts from some of the most prominent people in the financial world. Here’s your daily look at what the internet is talking about.Top executives from Citadel lent a hand in giving giant pandas Xin Bao and Yun Chuan a home in San Diego— the first to be loaned to the US by China in 21 years. Ken Griffin, chief executive officer of Citadel, and Peng Zhao, CEO of Citadel…

08 Aug

Oracle, Google Veterans Join Nvidia-Backed CoreWeave to Lead AI

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CoreWeave Inc. hired two senior executives from Google and Oracle Corp. to build out its artificial intelligence infrastructure after the Nvidia Corp.-backed cloud computing company raised billions of dollars from investors.Chen Goldberg, who most recently served as general manager and vice president of engineering at Alphabet Inc.’s Google unit, will be the senior vice president of engineering, according to Brannin McBee, co-founder and chief development officer at CoreWeave. Sachin Jain, who was Oracle’s senior vice president of AI infrastructure and product management, will serve as chief operator officer, McBee said. They start next week. Source link lol

08 Aug

Kakao Founder Charged With Stock Manipulation in Landmark Case

stp2y0 CommentsRAG modelsBom Suk Kim, Executives, JULY SARL/CAEN, KAKAO CORP, SAMSUNG ELECTRONICS CO LTD, Seoul, shopping, SM ENTERTAINMENT CO LTD, social media, South Korea, Technology

South Korean prosecutors have indicted Kakao Corp. founder Brian Kim on charges of stock manipulation, kicking off a watershed case that’s transfixed South Korea’s young internet industry.Prosecutors formally charged the entrepreneur with market violations during his company’s takeover battle for SM Entertainment Co., Yonhap news service reportedBloomberg Terminal Thursday. Kim was allegedly involved with an attempt to buy and push SM stock above a rival offer of 120,000 won ($87) from BTS-agency Hybe Co., the agency reported. Executives carried out that alleged maneuver over a total of four days, in mid-February 2023 as well as later that month, Yonhap said,…