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VIOT

Viomi Technology Co., Ltd (NASDAQ:VIOT), a leading IoT@Home company in China, has announced the creation of a strategic business unit (SBU) focused on water purification. The company aims to leverage its R&D and manufacturing capabilities in this area. Viomi has appointed Qi Chen, a former executive of A.O. Smith (China) Water Heater Co., Ltd., as president of the new water purification SBU. Chen brings extensive experience from the water purification industry and sales management in FMCG corporations.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 7:17 am

PTON

Peloton Interactive Inc. (NASDAQ:PTON) experienced technical difficulties during its 10th annual 'Turkey Burn' event, which aimed to set a Guinness World Record for the largest live cycling class. CEO Barry McCarthy apologized for the system overload that prevented some of the attendees from joining. Over 37,000 participants were able to join, but the number of those who couldn't is unknown. The class is now available on-demand, and an encore event is scheduled.

Portfolio Pulse from Benzinga Neuro

November 24, 2023 | 5:36 am

NFLX

Contestants of 'Squid Game: The Challenge' are considering a lawsuit against Netflix Inc. (NASDAQ:NFLX) for injuries sustained during filming. Express Solicitors, a U.K. law firm, represents two contestants who claim to have suffered from hypothermia and nerve damage. The firm has sent claim letters to co-producer Studio Lambert. Netflix confirmed that three contestants needed medical attention during filming. No lawsuit has been filed yet, but the claims could impact the show's reputation and lead to legal issues for Netflix.

Portfolio Pulse from Ananya Gairola

November 24, 2023 | 1:43 am

GOOG

META

A recent analysis by Comparably on employee satisfaction with compensation packages revealed that tech companies, particularly cybersecurity firms, performed well, but Meta Platforms Inc and Alphabet Inc slipped in the rankings. The analysis was based on worker sentiment from August 2022 to August 2023, focusing on pay fairness, raise frequency, benefits, bonuses, and stock compensation. Meta and Alphabet were in the top 10 last year but have dropped due to Meta's focus on efficiency and Alphabet's cutbacks on perks. Transparency in pay and equitable practices were highlighted as important for employee satisfaction.

Portfolio Pulse from Adam Eckert

November 23, 2023 | 3:46 pm

GOOG

GOOGL

MSFT

Ian Hickinson, a former Google employee, criticized CEO Sundar Pichai for a lack of visionary leadership and claimed that employee morale at Google is at an all-time low. Hickinson, who worked on the Flutter team, reminisced about the 'old Google' and its culture of prioritizing users, transparency, and work-life balance. He also noted that Google is perceived to be falling behind in AI technology compared to Microsoft, which has invested in OpenAI and integrated AI into its products. Hickinson believes that while the old Google can still be saved, time is running out.

Portfolio Pulse from Rounak Jain

November 23, 2023 | 11:36 am

UAL

United Airlines (NASDAQ:UAL) is exploring the use of passenger data to offer personalized ads to customers. This could open a new revenue stream by featuring ads on in-flight entertainment systems or the airline's app. While the potential for increased ad revenue exists, United is still undecided and is considering privacy concerns, ensuring an opt-out option for passengers.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 8:44 am

GM

GOOG

TSLA

Ark Invest analyst Tasha Keeney highlighted that GM's Cruise took more risks in autonomous driving than Waymo or Tesla, with a higher crash rate per million miles. Despite the pause in Cruise operations due to safety concerns, its efforts alongside Waymo have aided regulatory approval for autonomous cars, which may benefit Tesla. Elon Musk responded, emphasizing the safety of Tesla's FSD and its future potential with Version 12 neural nets. Cruise has paused operations to rebuild trust and undergo safety reviews, planning a relaunch in one city.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 8:44 am

GM

General Motors Co's autonomous vehicle subsidiary Cruise is planning to re-launch its operations in one city after a brief pause due to safety concerns. The pause came after an accident involving one of its AVs and subsequent suspension of permits by the California DMV. Cruise aims to rebuild trust and prove its performance in one city before expanding. The re-launch timeline and city name remain undisclosed. Cruise's co-founders resigned recently, but GM CEO Mary Barra remains optimistic about Cruise's potential.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 5:52 am

META

TWTR

Amid controversies with Elon Musk's X (formerly Twitter), Democrats and corporate leaders are exploring alternative communication platforms. High-profile individuals like President Biden and VP Harris, who have been active on X, are considering other options due to issues with leadership at OpenAI and allegations of misinformation on X. Mark Zuckerberg's Threads, a rival to X, has been identified as a potential alternative, despite concerns about Meta's own issues. This shift is partly due to dissatisfaction with X's content moderation policies, as highlighted by a letter from Democratic House members accusing X of profiting from misinformation.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 4:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has made the design and engineering of its original Roadster fully open source, as announced by CEO Elon Musk. The original Roadster was Tesla's first vehicle, released in 2008. Musk indicated that individuals could now build their own Roadster, with the caveat that 'some assembly required.' Tesla's website includes a disclaimer that it provides no warranties for work done by non-Tesla personnel using the disclosed information. The new generation Roadster's production has been delayed, with an expected completion of design and engineering this year and production by the end of next year.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 4:10 am