Tag: Leadership
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Only 26% of Meta Employees Confident in Leadership of Mark Zuckerberg and Company, Says Report
Meta, Facebook's parent company, is grappling with low employee morale amidst layoffs, spending cuts, and shifting strategies. A survey reveals only 26% of employees trust leadership, with 43% feeling undervalued. Despite negative sentiment, Meta's stock has soared 112% YTD.
Tech News: Bernstein’s Critical Letter to Andy Jassy, Future AI Costs, and Reels vs. TikTok
Bernstein urges Amazon CEO to rethink direction amidst investor concerns. Meanwhile, Reels gains ground against TikTok, AI may worsen loneliness, and older users embrace TikTok. Also, a YouTuber travels 1,800 miles on a gas generator in his Tesla, and Insider lists the best Samsung phones for 2023.
Stop Trying to Make Apple’s VR Reveal Tim Cook’s iPhone Moment
Apple's VR headset may not be as revolutionary as the iPhone, says writer Tim Stevens. It could appeal only to early adopters interested in gaming and business operations.
AI Extinction Risk Warning from OpenAI and DeepMind Chiefs
Tech leaders warn of the potential risks of AI, including human extinction. OpenAI CEO Sam Altman emphasizes ethical development while others call for regulation.
Meituan Profits Increase as Consumer Spending Recovers in Q1
Meituan, the Chinese food delivery and services provider, reported a net profit of RMB 3.36 billion in the first quarter of 2023, boasting a return to profitability. Revenue from local commerce such as food delivery, in-store, hotel, and travel also increased by 25.5%. CEO Wang Xing is credited for driving the success of the company by revolutionizing different businesses and adapting to consumer needs in China.