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Meta to cut 5% of workforce based on performance: CEO Mark Zuckerberg has also warned employees about more such job cuts this year to 'raise the bar' ...
fastcompany.com/91260446/meta-job-cuts-5-percent-lowest-performers
Meta to cut 5% of workforce based on performance
Quick Glance: Meta Cuts Staff as Zuckerberg Targets Performance Issues
  • Meta plans to cut about 5 percent of its workforce due to performance-based evaluations, potentially impacting around 3,600 jobs.

  • Mark Zuckerberg announced a quicker process for removing low performers to ensure the company retains top talent.

  • Affected employees in the U.S. will be notified on February 10, while those abroad will be informed later.

  • The company anticipates an overall headcount reduction of 10 percent by the end of the current performance cycle.
Reports China is eyeing Elon Musk to buy TikTok: Elon Musk is being eyed by Chinese authorities as a potential buyer of TikTok. Newsweek's live blog is closed.
newsweek.com/elon-musk-tiktok-live-updates-reports-china-eyeing-tesla-ceo-buy-app-2016063
Reports China is eyeing Elon Musk to buy TikTok
Sonos CEO steps down following a disastrous app redesign: After Sonos redesigned its app last year, the company saw its revenue tank and announced layoffs ...
fastcompany.com/91259432/sonos-ceo-steps-down-following-a-disastrous-app-redesign
Sonos CEO steps down following a disastrous app redesign
Epic Games CEO Tim Sweeney blasts big tech leaders for cozying up to Trump: Sweeney's remarks follow pledges from several major tech companies ...
techspot.com/news/106314-epic-games-ceo-tim-sweeney-blasts-big-tech.html
Epic Games CEO Tim Sweeney blasts big tech leaders for cozying up to Trump
Quick Glance: Sweeney Criticizes Big Tech's Alliance with Trump
  • Tim Sweeney, CEO of Epic Games, criticized leading tech executives for aligning with President Trump to influence anti-competitive policies.

  • His comments come after Google and Apple pledged $1 million each to Trump's inauguration, raising concerns about their hypocrisy.

  • Sweeney continues to fight against the monopolistic practices of Apple and Google in smartphone software distribution, advocating for greater competition.

  • The newfound alliance between big tech and the Trump administration may impact antitrust enforcement, though some regulatory actions are still anticipated.
Mark Zuckerberg Thinks Companies Need ‘Masculine Energy’: Meta CEO Mark Zuckerberg told Joe Rogan that he finds corporate America “pretty culturally neutered.”
thecut.com/article/mark-zuckerberg-thinks-companies-need-masculine-energy.html
Mark Zuckerberg Thinks Companies Need ‘Masculine Energy’
Quick Glance: Zuckerberg Advocates for More 'Masculine Energy' in Business
  • Mark Zuckerberg criticized the rise of 'culturally neutered' companies distancing themselves from 'masculine energy.'

  • He emphasized the importance of both feminine and masculine energies in corporate culture, highlighting the need for women to succeed in companies.

  • Zuckerberg also discussed Meta's recent changes to content moderation policies and the end of third-party fact-checking in the US.

  • In his conversation with Joe Rogan, he criticized the Biden administration and expressed optimism about a potential Trump return to the White House.
Goldman boosts CEO pay by 26% to $39 million, lines up five more years at helm: Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at ...
reuters.com/business/finance/goldman-sachs-boosts-ceo-pay-39-million-lines-up-five-more-years-helm-2025-01-17/
Goldman boosts CEO pay by 26% to $39 million, lines up five more years at ...
Quick Glance: Goldman Sachs Raises CEO Pay to $39 Million
  • Goldman Sachs increased CEO David Solomon's pay by 26% to $39 million and announced an $80 million stock bonus vesting over five years.

  • COO John Waldron also received an $80 million bonus and is viewed as a potential successor to Solomon.

  • The bank reported a fourth-quarter net income of $4.11 billion, exceeding estimates.

  • Board members emphasized the importance of stabilizing the leadership team and retaining top talent in a competitive landscape.
Elon Musk is being sued by the SEC over his Twitter takeover. What we know: The Tesla CEO bought Twitter in October 2022 for $44 billion and rebranded it as X
independent.co.uk/news/world/americas/us-politics/elon-musk-twitter-lawsuit-sec-b2680139.html
Elon Musk is being sued by the SEC over his Twitter takeover. What we know
Quick Glance: Musk Faces SEC Lawsuit Over Twitter Acquisition
  • Elon Musk is being sued by the U.S. Securities and Exchange Commission regarding his 2022 Twitter acquisition.

  • The SEC alleges Musk failed to timely disclose his ownership, saving himself at least $150 million.

  • Musk purchased over $500 million in Twitter stock without disclosure until April 4, 2022.

  • The SEC seeks a civil penalty and the return of Musk's unjust profits.
Lufthansa Acquires 41% Stake In ITA & Installs German CEO: Lufthansa has finally taken 41% stake in ITA Airways and installed a German GEO to run the airline.
loyaltylobby.com/2025/01/16/lufthansa-acquires-41-stake-in-ita-installs-german-ceo/
Lufthansa Acquires 41% Stake In ITA & Installs German CEO
D-Wave is not happy about the Nvidia CEO’s thoughts on quantum computing: ‘It’s an egregious error’
fastcompany.com/91257677/d-wave-quantum-computer-stocks-hits-back-nvidia-ceo
D-Wave is not happy about the Nvidia CEO’s thoughts on quantum computing: ...
Quick Glance: Nvidia CEO Warns of Slow Quantum Computer Progress
  • Shares of quantum computing firms like Rigetti and IonQ have sharply declined after Nvidia CEO Jensen Huang warned that it could take 15 to 30 years for simple quantum computers to become available.

  • Huang emphasized Nvidia's interest in advancing quantum technology and its collaboration with various companies to expedite progress.

  • Despite recent hype around quantum computing, these companies currently generate minimal revenue, with Quantum Computing earning only $101,000 in the third quarter.

  • In the past three months, stocks of some quantum companies surged significantly, yet substantial revenue growth remains elusive, raising questions about their market valuations.
Google searches for deleting Facebook, Instagram explode after Meta ends fact-checking
techcrunch.com/2025/01/09/google-searches-for-deleting-facebook-instagram-explode-after-meta-ends-fact-checking/
Google searches for deleting Facebook, Instagram explode after Meta ends ...
Quick Glance: Surge in Searches for Deleting Meta Accounts
  • Google searches for deleting Facebook, Instagram, and Threads accounts surged in the U.S. after Meta CEO Mark Zuckerberg announced the end of third-party fact-checking and relaxed content moderation policies.

  • Experts view this move as an attempt to appease the incoming Trump administration, which could result in increased dissemination of hate speech and misinformation.

  • Interest in searches like 'how to permanently delete facebook' peaked, while related searches surged by over 5000%.

  • Meta's decision to reintroduce political content is seen as a return to harmful policies that have previously caused real-world harm.
Meta to toss out factcheckers to reduce censorship, restore 'free expression'
wionews.com/world/meta-to-toss-out-factcheckers-reduce-censorship-and-restore-free-expression-8599677
Meta to toss out factcheckers to reduce censorship, restore 'free ...
Quick Glance: Zuckerberg’s New Meta Strategy: Risks and Opportunities
  • Mark Zuckerberg announced that Meta will abandon its traditional fact-checking approach in favor of Community Notes, allowing users to comment on posts.

  • This move aims to improve content moderation and promote free expression, as current rules are viewed as outdated.

  • The decision occurs amidst Zuckerberg's efforts to align with Donald Trump, which may protect Meta during Trump's potential second term.

  • Experts caution that this new strategy could negatively affect user experience by increasing spam and inappropriate content.
America's Top Billionaires Lose Over $10 Billion in One Day: Meta executive Mark Zuckerberg, Tesla and SpaceX leader Elon Musk and Amazon CEO Jeff Bezos absorbed ...
newsweek.com/americas-top-billionaires-lose-over-10-billion-one-day-2014998
America's Top Billionaires Lose Over $10 Billion in One Day
Lawyer drops Meta as client, citing Mark Zuckerberg's "toxic masculinity and Neo-Nazi madness"
techspot.com/news/106385-lawyer-drops-meta-client-citing-mark-zuckerberg-toxic.html
Lawyer drops Meta as client, citing Mark Zuckerberg's "toxic ...
Zuckerberg Announces Layoffs After Saying Coding Jobs Will Be Replaced by AI: Meta CEO Mark Zuckerberg has announced sweeping layoffs of what he refers to as ...
futurism.com/the-byte/zuckerberg-layoffs-coding-jobs-ai
Zuckerberg Announces Layoffs After Saying Coding Jobs Will Be Replaced by ...
JPMorgan's Piepszak exits CEO race to become operations chief: JPMorgan Chase's Jennifer Piepszak, long seen as a strong contender to succeed CEO Jamie Dimon ...
reuters.com/business/finance/jpmorgan-names-jennifer-piepszak-its-new-coo-2025-01-14/
JPMorgan's Piepszak exits CEO race to become operations chief
Nvidia CEO is one of the few tech bigwigs skipping Trump’s inauguration: Elon Musk, Mark Zuckerberg, and Jezz Bezos are lined up to attend Donald Trump’s ...
theverge.com/2025/1/17/24345987/nvidia-jensen-huang-skips-trumps-inauguration
Nvidia CEO is one of the few tech bigwigs skipping Trump’s inauguration
OpenAI has created an AI model for longevity science: The company is making a foray into scientific discovery with an AI built to help manufacture stem cells.
technologyreview.com/2025/01/17/1110086/openai-has-created-an-ai-model-for-longevity-science/
OpenAI has created an AI model for longevity science
Quantum computing stocks sell-off accelerates as Zuckerberg becomes latest tech CEO to temper sector enthusiasm
cnbc.com/2025/01/13/quantum-computing-stocks-sell-off-accelerates-as-zuckerberg-becomes-latest-tech-ceo-to-temper-sector-enthusiasm.html
Quantum computing stocks sell-off accelerates as Zuckerberg becomes latest ...
CEO of Chinese smartphone brand Honor resigns due to personal reasons: Honor's focus on high-end devices and technology is expected to continue under Jian Li ...
cnbc.com/2025/01/17/honor-ceo-george-zhao-resigns-due-to-personal-reasons.html
CEO of Chinese smartphone brand Honor resigns due to personal reasons
Nvidia's Huang enjoys 'trillion dollar banquet' with 35 Taiwanese semiconductor industry chiefs
tomshardware.com/tech-industry/nvidias-huang-enjoys-trillion-dollar-banquet-with-35-taiwanese-semiconductor-industry-chiefs
Nvidia's Huang enjoys 'trillion dollar banquet' with 35 Taiwanese ...
Zuckerberg says he’s moving Meta moderators to Texas because California seems too ‘biased’
theverge.com/2025/1/7/24338305/meta-mark-zuckerberg-moving-meta-moderators-texas-california-bias
Zuckerberg says he’s moving Meta moderators to Texas because California ...
BlackRock executive Mark Wiedman to leave firm, sources say: Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor ...
reuters.com/business/finance/blackrock-executive-mark-wiedman-leave-firm-ft-reports-2025-01-14/
BlackRock executive Mark Wiedman to leave firm, sources say
Mark Zuckerberg wants more 'masculine energy'? Sounds like somebody's insecure. | Opinion
usatoday.com/story/opinion/columnist/2025/01/19/trump-musk-zuckerberg-masculine-energy/77782511007/
Mark Zuckerberg wants more 'masculine energy'? Sounds like somebody's ...
Apple CEO Tim Cook's total compensation rose 18% to $74.6 million last year: In a proxy statement released on Friday, Apple said Cook's $3 million base ...
techspot.com/news/106320-apple-ceo-tim-cook-total-compensation-rose-18.html
Apple CEO Tim Cook's total compensation rose 18% to $74 ...
UnitedHealth Group CEO says complex US healthcare system needs to change: UnitedHealth CEO Andrew Witty said on Thursday that healthcare in the U.S ...
reuters.com/business/healthcare-pharmaceuticals/unitedhealth-beats-profit-estimates-lower-than-expected-costs-2025-01-16/
UnitedHealth Group CEO says complex US healthcare system needs to change
Walgreens CEO Distressed to Learn That Locking Everything Up Keeps People From Buying It
futurism.com/the-byte/walgreens-ceo-locking-up-merch
Walgreens CEO Distressed to Learn That Locking Everything Up Keeps People ...
OpenAI finalizes 'o3 mini' reasoning AI model version, to launch it soon: ChatGPT maker OpenAI has finalized a version of its new reasoning AI model o3 mini and ...
reuters.com/technology/artificial-intelligence/openai-finalizes-o3-mini-reasoning-ai-model-version-launch-it-soon-2025-01-17/
OpenAI finalizes 'o3 mini' reasoning AI model version, to launch it soon
Meta is ending its fact-checking program in favor of a 'community notes' system similar to X's
nbcnews.com/tech/social-media/meta-ends-fact-checking-program-community-notes-x-rcna186468
Meta is ending its fact-checking program in favor of a 'community notes' ...
Zuckerberg plans Meta layoffs as company culls ‘low-performers’ faster: Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on ...
wapo.st/3WheBKt
Zuckerberg plans Meta layoffs as company culls ‘low-performers’ faster
Jensen Huang claims Nvidia's AI chips are outpacing Moore's Law: For decades, Moore's Law, coined by Intel co-founder Gordon Moore in 1965 ...
techspot.com/news/106246-jensen-huang-claims-nvidia-ai-chips-outpacing-moore.html
Jensen Huang claims Nvidia's AI chips are outpacing Moore's Law
Elon Musk endorses Sundar Pichai’s New Year wish. This is what he said: On New Year’s Day, Google CEO Sundar Pichai shared his wishes on X, with Tesla’s Elon ...
livemint.com/news/us-news/elon-musk-endorses-sundar-pichais-new-year-wish-this-is-what-he-said-11735810720380.html
Elon Musk endorses Sundar Pichai’s New Year wish. This is what he said
Quick Glance: Elon Musk Backs Sundar Pichai's New Year Greetings
  • On New Year's Day, Sundar Pichai, CEO of Google, shared his wishes on X, which were reposted by Tesla's Elon Musk.

  • Pichai wrote, "Happy New Year! Lots to look forward to in 2025," with Musk responding to Pichai's post once again.

  • The two CEOs have exchanged views on topics ranging from cricket to quantum science and space exploration.

  • In addition to Pichai, other tech leaders like Tim Cook and Linda Yaccarino also shared their New Year wishes and teased upcoming innovations.
TSMC's US plant unlikely to get latest chip tech before Taiwan, CEO says: TSMC's new U.S. plant is unlikely to get the most advanced chip technology before ...
reuters.com/technology/tsmcs-us-plant-unlikely-get-latest-chip-tech-before-taiwan-ceo-says-2025-01-17/
TSMC's US plant unlikely to get latest chip tech before Taiwan, CEO says
Apple CEO Tim Cook donates $1M to Trump's inauguration fund - 9to5Mac: Apple CEO Tim Cook has joined a chorus of Big Tech executives making sizeable ...
9to5mac.com/2025/01/03/apple-ceo-tim-cook-donates-1m-to-trumps-inauguration-fund/
Apple CEO Tim Cook donates $1M to Trump's inauguration fund - 9to5Mac
Quick Glance: Tim Cook Donates $1 Million to Trump's Inaugural Fund
  • Apple CEO Tim Cook plans to make a personal donation of $1 million to Donald Trump's inauguration fund.

  • Cook aims to maintain a relationship with Trump, viewing the donation as a gesture of unity.

  • This contribution comes amid legal challenges Apple faces from the U.S. Department of Justice.

  • Other companies and individuals, including Amazon and Meta, are also contributing to Trump's inauguration fund.
Microsoft Denies Report It Could Have Shut Down Xbox Business in 2021: Microsoft has now denied a report that said CEO Satya Nadella could have shut down the ...
wccftech.com/microsoft-denies-report-it-could-have-shut-down-xbox-business-in-2021/
Microsoft Denies Report It Could Have Shut Down Xbox Business in 2021
Ford CEO Jim Farley Says Rule No. 1 Is ‘No Boring Products’: The Ford chief executive (who is also a seasoned racing driver) has made it clear that he wants Ford ...
thedrive.com/news/ford-ceo-jim-farley-says-rule-no-1-is-no-boring-products
Ford CEO Jim Farley Says Rule No. 1 Is ‘No Boring Products’
Elon Musk warns of lawsuits over media coverage of Tesla Cybertruck explosion - POLITICO
politico.com/news/2025/01/02/elon-musk-cybertruck-explosion-00196250
Elon Musk warns of lawsuits over media coverage of Tesla Cybertruck ...
Airbus CEO says Europe's two fighter jet programmes could combine: Airbus CEO Guillaume Faury said he could see the two separate European programmes working on ...
reuters.com/business/aerospace-defense/airbus-ceo-says-europes-two-fighter-jet-programmes-could-combine-2025-01-15/
Airbus CEO says Europe's two fighter jet programmes could combine
Mark Zuckerberg Slams Apple For Losing Its Innovative Edge Since Steve Jobs And Claims iPhone Sales Are …
wccftech.com/mark-zuckerberg-slams-apple-for-losing-its-innovative-edge-since-steve-jobs/
Mark Zuckerberg Slams Apple For Losing Its Innovative Edge Since Steve ...
Quick Glance: Zuckerberg Critiques Apple for Lack of Innovation
  • Mark Zuckerberg criticized Apple in a podcast for being stagnant, claiming the company hasn't invented anything significant in years.

  • A major point of contention is Apple's 30% cut on App Store transactions, which Meta views as an arbitrary 'tax.'

  • Zuckerberg expressed concerns over Apple's strict control of device connectivity, making it difficult for competitors to integrate their products.

  • While acknowledging challenges, Zuckerberg emphasized the need for continuous innovation to remain competitive in the dynamic tech market.
Telefonica to hold shareholder meeting to replace CEO, El Confidencial says: A group of Telefonica shareholders have called for a board meeting to replace CEO ...
cnbc.com/2025/01/18/telefonica-to-hold-shareholder-meeting-to-replace-ceo-el-confidencial-says.html
Telefonica to hold shareholder meeting to replace CEO, El Confidencial ...
UnitedHealth Group CEO: US health care needs to be ‘less confusing, less complex and less costly’
cnn.com/2025/01/16/business/unitedhealth-earnings-report/
UnitedHealth Group CEO: US health care needs to be ‘less confusing ...
Gamers can’t fathom how 6x CEO Elon Musk found time to best Diablo IV: On October 16 and November 20, Elon Musk tweeted videos of himself clearing the highest ...
techcrunch.com/2025/01/08/gamers-cant-fathom-how-6x-ceo-elon-musk-found-time-to-best-diablo-iv/
Gamers can’t fathom how 6x CEO Elon Musk found time to best Diablo IV
Goldman Sachs CEO says Apple card partnership may end before 2030: Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030 ...
reuters.com/business/finance/goldman-sachs-ceo-says-apple-card-partnership-may-end-before-2030-2025-01-15/
Goldman Sachs CEO says Apple card partnership may end before 2030
Rich Men Rule the World: The holders of the vast majority of the world’s wealth? Men. So many men—from Trump and Musk and Putin to every CEO, crypto schmo ...
wired.com/story/editor-letter-rich-men-rule-the-world/
Rich Men Rule the World
Bezos sees no threat from Musk-Trump ties in the space race: Jeff Bezos said he does not think SpaceX CEO Elon Musk will use his close ties with U.S ...
cnbc.com/2025/01/12/bezos-sees-no-threat-from-musk-trump-ties-in-the-space-race.html
Bezos sees no threat from Musk-Trump ties in the space race
Quick Glance: Blue Origin Postpones Inaugural New Glenn Rocket Launch
  • Blue Origin has postponed the inaugural launch of its orbital rocket New Glenn due to an unspecified issue with a subsystem.

  • This delay raises concerns about the timing of the highly anticipated launch, as at least 48 hours are needed to reset the rocket.

  • The success of New Glenn is vital for Blue Origin to enter the heavy-lift market currently dominated by SpaceX and to unlock new business opportunities.

  • The primary goal for the first launch is to safely reach orbit, with the rocket carrying a demonstrator of the Blue Ring spacecraft.
Users on the Chinese App RedNote Are Absolutely Obsessed With Luigi Mangione: On China's RedNote social network, alleged CEO killer Luigi Mangione is ...
futurism.com/the-byte/chinese-app-rednote-luigi-mangione
Users on the Chinese App RedNote Are Absolutely Obsessed With Luigi ...
ClickUp CEO Zeb Evans on why workplaces will be using fewer platforms in the future
fastcompany.com/91258582/clickup-ceo-zeb-evans-interview
ClickUp CEO Zeb Evans on why workplaces will be using fewer platforms in ...
Wealth: Private households richer than ever at over nine trillion euros:: Financial assets have broken the next record. It is likely to continue to rise this ...
wiwo.de/politik/deutschland/bargeld-und-aktien-mehr-als-neun-billionen-euro-private-haushalte-so-reich-wie-nie/30170978.html
Wealth: Private households richer than ever at over nine trillion euros:
Ford CEO says China operations earned $600 million in 2024: Ford Motor's operations in China earned roughly $600 million last year despite challenging market ...
cnbc.com/2025/01/09/ford-ceo-says-china-operations-earned-600-million-in-2024.html
Ford CEO says China operations earned $600 million in 2024
Goldman Sachs CEO Solomon says IPO market is 'going to pick up' along with dealmaking
cnbc.com/2025/01/15/goldman-sachs-ceo-solomon-says-ipo-market-is-going-to-pick-up.html
Goldman Sachs CEO Solomon says IPO market is 'going to pick up' along with ...
TikTok CEO to attend Trump inauguration as app's ban looms: News of his invite comes as TikTok's fate hangs in the balance.
axios.com/2025/01/16/tiktok-ceo-trump-inauguration-ban
TikTok CEO to attend Trump inauguration as app's ban looms
US defense contractor tells Musk panel that Pentagon bureaucracy is the problem: The CEO of one of the world's biggest defense contractors, L3Harris Technologies ...
reuters.com/business/aerospace-defense/us-defense-contractor-tells-musk-panel-that-pentagon-bureaucracy-is-problem-2025-01-15/
US defense contractor tells Musk panel that Pentagon bureaucracy is the ...
TikTok CEO flatters Trump ahead of US ban deadline: TikTok CEO Shou Zi Chew did not say what would happen to the app once the ban takes effect on Sunday ...
theverge.com/2025/1/17/24346044/tiktok-ceo-shou-zi-chew-trump-ban-supreme-court
TikTok CEO flatters Trump ahead of US ban deadline
Ram CEO Open To Bringing Back Hemi V8, But ‘Can’t Do It Right Away’: Recently unretired Ram boss Tim Kuniskis is leaving the door open to bring back V8 engines ...
thedrive.com/news/it-sure-sounds-like-rams-ceo-wants-to-bring-the-hemi-back
Ram CEO Open To Bringing Back Hemi V8, But ‘Can’t Do It Right Away’
Mastodon’s CEO and creator is handing control to a new nonprofit organization: The decentralized social network is moving ownership to a new non-profit based in ...
theverge.com/2025/1/13/24342603/mastodon-non-profit-ownership-ceo-eugen-rochko
Mastodon’s CEO and creator is handing control to a new nonprofit ...
6 years ago, Elon Musk offered help during wildfires. This time he blamed DEI: Once considered an environmental champion as CEO of Tesla, Elon Musk took to X to ...
fastcompany.com/91257894/6-years-ago-elon-musk-offered-help-during-wildfires-this-time-he-blamed-dei
6 years ago, Elon Musk offered help during wildfires. This time he blamed ...
Séamas O'Reilly: The world is an objectively worse place because of tech-bro oligarchs
irishexaminer.com/lifestyle-columnists/arid-41555305.html
Séamas O'Reilly: The world is an objectively worse place because of ...
Intel won’t kill off its graphics card business: Intel will not kill off its discrete graphics business. “We are very committed to the discrete graphics market ...
theverge.com/2025/1/6/24337345/intel-discrete-gpu-ces-2025
Intel won’t kill off its graphics card business
Meta Kills Diversity Initiatives, Loosens Hate Speech Rules, Deletes 'Trans' Theme From App
huffpost.com/entry/meta-dei-diversity-trans-hate_n_67817d16e4b075a395308830
Meta Kills Diversity Initiatives, Loosens Hate Speech Rules ...
CEO of Song-Generating AI App Says People "Don't Enjoy" Making Music With Instruments
futurism.com/suno-ai-ceo-making-music
CEO of Song-Generating AI App Says People