Bitcoin will be ‘larger than gold’ thanks to baby boomers’ trillions, Galaxy CEO Mike Novogratz says – Fortune
Galaxy CEO Mike Novogratz said trillions of dollars of baby boomer wealth will eventually be transferred to Bitcoin. Marco Bello—Getty Images Galaxy Digital CEO Mike Novogratz told Bloomberg TV in an interview Thursday afternoon that investors will soon prefer trading digital gold over real trading. Although Bitcoin’s current market capitalization is less than one-tenth that […]
OnlyFans’ CEO again pushes back that popular adult site is ‘porn’
OnlyFans CEO Kelly Blair has tried to clear the air about what the popular subscription-based platform offers, insisting that it is not a “porn” website. Mr Blair, the UK-based site’s former chief strategy and operations officer who took the helm in January 2022, rejected the idea that the platform was exclusively for sexual content. Financial […]
Salesforce CEO Marc Benioff Flips out, Tracks Journalist Probing His Secret Hawaiian Land Buys
Billionaire left-winger and CEO of Salesforce, Marc Benioff, is secretly buying up land in Hawaii through an anonymous LLC. But once journalists began investigating, Benioff reportedly began tracking her movements and personal information. SF gate report NPR journalist Dara Kerr reports that tech billionaire Marc Benioff mysterious land acquisition It is located in the small […]
SEC reportedly probing whether OpenAI CEO Sam Altman misled investors
The Securities and Exchange Commission is reportedly looking into internal communications sent by OpenAI chief Sam Altman as part of an investigation into whether he misled investors. Federal regulators subpoenaed the creators of ChatGPT in December for internal records of current and former OpenAI executives and board members, The Wall Street Journal reported, citing people […]
Google loses $96B in value on Gemini fallout as CEO does damage control
Wall Street Journal editorial board members react to backlash over Google’s Gemini AI tool and slam Vice President Harris’ Varney & Co.’s new student voting program. Google’s parent company Alphabet has taken a hit in the stock market after it discontinued features in its artificial intelligence tool Gemini after users pointed out the company’s bias […]
Google CEO says Gemini chatbot’s ‘woke’ AI disaster ‘completely unacceptable’
Google CEO Sundar Pichai criticized the widely criticized Gemini AI chatbot’s habit of generating “woke” versions of historical figures in a scathing letter to employees. In an email, he called it “totally unacceptable.” Pichai said Google’s AI team is “working around the clock” to fix Gemini. Gemini was disabled last week after its “absurdly woke” […]
Goldman Sachs CEO David Solomon throws cold water on inflation ‘soft landing’
Goldman Sachs CEO David Solomon poured cold water on hopes that the Federal Reserve could achieve a “soft landing” in its fight to curb inflation. “The world is poised for a soft landing,” Solomon said at a bankers conference in Miami on Tuesday, as inflation remains stubbornly above the Fed’s 2% target rate. “The level […]
Macy’s to close 150 stores â 30% of chain â as new CEO takes helm
Macy’s has announced it will close 150 stores, or about 30% of its American chain, as the department store giant increases its focus on luxury goods under a new chief executive. The company said in a Tuesday filing that the planned closures over the next three years will free up up to $750 million worth […]
Kellogg’s CEO says people should eat cereal for dinner to save money
Kellogg’s CEO Gary Pilnick advised shoppers who are shelling out part of their paychecks for the most expensive grocery bill in 30 years to eat cereal instead. . “The cereal category has always been very affordable and tends to be the go-to destination when consumers are under pressure,” Pilnican said in an interview with CNBC […]
Expedia slashing 1,500 jobs after bleak travel demand forecast and CEO exit
Online travel platform Expedia said Monday it will cut about 1,500 jobs, or about 9% of its workforce, worldwide as part of an “organizational and technological transformation.” The reorganization comes after Expedia earlier this month warned that falling ticket prices would slow its revenue in 2024 and announced that CEO Peter Kahn would step down. […]