Wayfair CEO says demand for home goods are at ‘great financial crisis’ levels
Wayfair shares are plummeting after its CEO said on an earnings conference call that demand for home goods is at “financial crisis” levels. The struggling online furniture giant reported second-quarter profits on Thursday that missed Wall Street expectations on both the top and bottom lines, sending its shares down more than 11%. Furniture giant Wayfair […]
‘I finally broke free’: Liberal tech CEO rejects Democratic Party, endorses Trump
The prominent technology entrepreneur has announced that he is leaving the Democratic Party and supporting President Donald Trump. David Marcus is a co-founder of Facebook Abandoned Diem, a cryptocurrency venture capitalist who ran Facebook Messenger for many years and was also president of PayPal, is now CEO of cryptocurrency startup LightSpark. While acknowledging that he […]
Boeing taps Kelly Ortberg as CEO after midair blowout fiasco
Boeing announced Wednesday that it had named Robert “Kelly” Ortberg to succeed outgoing CEO Dave Calhoun after a months-long search as the company struggles to recover from several safety crises, including a door panel exploding in mid-air. Ortberg, a veteran aerospace industry veteran, faces numerous challenges, including reviving jet production and rebuilding trust with regulators, […]
Delta CEO says global tech outage cost airline $500M
Delta Air Lines CEO Ed Bastian said the recent global technology outage caused the airline to experience widespread flight delays and cancellations, costing the company $500 million. “This cost $500 million,” Bastian said Wednesday on CNBC’s “Squawk Box.” “Over the course of five days, we lost tens of millions of dollars a day in lost […]
Boeing names new CEO as company continues to face scrutiny, revenue loss
Boeing Co. has named aerospace industry veteran Robert “Kelly” Ortberg as its next president and CEO as the company seeks to recover from intense scrutiny following a series of high-profile accidents. Ortberg will take over as CEO of the aerospace company on Aug. 8, following Dave Calhoun’s decision to step down as CEO. Announced Wednesday. […]
Gab CEO contradicts testimony from FBI deputy director about social media posts attributed to Trump rally shooter
FBI Deputy Director Paul Abbate testified before Congress on Tuesday about the Trump rally shooter’s motives, but Gab’s CEO quickly denied the allegations. Abate testified Suspect Thomas Matthew Crooks posted hundreds of messages on social media, some of which expressed anti-Semitic and anti-immigrant sentiment. “As far as Gab knows, as of 2021, Crooks is a […]
Ripple CEO accuses SEC of ‘hypocrisy’ and confusing regulations – crypto.news
Ripple CEO Brad Garlinghouse harshly criticized the U.S. Securities and Exchange Commission in a recent social media post. Following the SEC’s decision to suspend allegations in its ongoing lawsuit against Binance that its native crypto assets, Solana (SOL), Cardano (ADA) and Polygon (MATIC), are unregistered securities, Garlinghouse appeared on X to share his thoughts and […]
NYC fashion exec dyed hair to try to fend off creepy old CEO with penchant for blondes: lawsuit
A fashion executive was so relentlessly harassed by her creepy, octogenarian boss who had a “type” for blondes that she dyed her hair brown to make herself less attractive, only to be assaulted and fired, court documents say. Stephanie Coppin, a 38-year-old mother, claims in a new lawsuit filed in Brooklyn Supreme Court that she […]
Goldman Sachs CEO David Solomon flew to Paris after ‘banning’ staff from Olympics
Goldman Sachs CEO David Solomon jetted off to Paris this week for the Olympics, just three months after he effectively banned employees from flying to the sporting events at company expense, according to information obtained by The Washington Post. Publicly available flight records show the company’s private luxury jet – a Gulfstream G650ER purchased new […]
OpenAI CEO Sam Altman Wants American to Lead ‘Global Coalition’ on AI
In a recent op-ed, OpenAI CEO Sam Altman warned that the United States must lead a global coalition of democracies to manage the development of artificial intelligence, or risk allowing authoritarian regimes like Russia and China to monopolize the technology and shape a less free future. in An editorial was published of The Washington Post, […]