Google Faces Backlash After Firing 28 Employees Over Israeli Contract Protests
Alphabet Inc.’s Google is under scrutiny following its decision to terminate 28 employees who participated in protests against Project Nimbus, a $1.2 billion contract with Amazon and the Israeli government. The project provides AI and cloud services, sparking criticism over…
Larry Fink Responds to ESG Backlash: A Shift in Language, Not Practice
Larry Fink, the influential CEO of BlackRock, has made waves with recent comments suggesting that he no longer wants to use the term “ESG” (Environmental, Social, and Governance). Fink, who once championed ESG principles and helped bring the term into…
Investors Push Back on CEO Pay Raises Amid Growing Pay Gap Concerns
In recent months, the growing disparity between CEO compensation and employee wages has sparked a wave of investor resistance. As the average salary of a chief executive in the S&P 500 surged to $14.5 million in 2021—a 17.1% increase from…
Charlie Munger’s Timeless Wisdom on Leading a Successful Life
Charlie Munger, the celebrated investor and vice chairman of Berkshire Hathaway, is known for his incisive insights on life and business. One of his key principles revolves around the power of inversion—a mental model that flips problems on their head…
Snap Hits 3 Million Paying Subscribers with AI-Enhanced Snapchat+
Snap Inc. has surpassed 3 million paying subscribers for its Snapchat+ service, a $3.99-a-month offering that grants early access to exclusive features, including the popular My AI chatbot powered by OpenAI’s GPT technology. The company revealed the milestone at its…
Elon Musk Joins Call for AI Pause: Urging Labs to Slow Down Development
In an open letter signed by some of the biggest names in tech, including Elon Musk, a call has been made for the world’s top artificial intelligence labs to pause the development of super-powerful systems for six months. The letter…
Banking Crisis Survivors Reflect: How Quickly Confidence Can Collapse
Steve Chiavarone vividly remembers the unsettling confidence many financial experts had before the 2008 financial crisis. As a senior portfolio manager at Federated Hermes, he recalls how, just months before the collapse, strategists dismissed fears of a deep recession, projecting…
Facebook Moderators in Kenya Sue Meta Over Mass Layoffs and Alleged Union-Busting
A group of former Facebook content moderators in Kenya has filed a lawsuit against Meta, the platform’s parent company, and two outsourcing firms, Sama and Majorel, over what they allege to be unlawful layoffs and retaliatory practices. Supported by Foxglove,…
Walgreens Faces $200 Million Lawsuit from Former CEO Over Broken Contract
Greg Wasson, the former CEO of Walgreens, has filed a $200 million lawsuit against the company, accusing it of breaching a contract related to a technology project he helped establish. Wasson, who worked at the pharmacy giant for more than…
Inside New York’s High-Stakes Cannabis Real Estate Experiment
For Roland Conner, the journey from a marijuana-related arrest in the 1990s to owning a cannabis dispensary in Greenwich Village is nothing short of extraordinary. Smacked Village, nestled in one of New York City’s busiest neighborhoods, symbolizes a bold new…
Bitcoin’s Environmental Impact: A Growing Climate Concern
Bitcoin mining, a process essential to the operation of the cryptocurrency, is rapidly becoming a significant environmental issue. According to recent research from the University of New Mexico, the climate costs associated with mining Bitcoin are comparable to industries like…
Elon Musk’s “Hardcore” Ultimatum to Twitter Employees
Elon Musk has once again made waves at Twitter, this time with an internal email presenting employees with a stark choice: commit to a high-intensity transformation of the company or leave with severance. The email, sent to all Twitter staff,…