Streetbeat News

Corporate Responsibility

NKLA

Nikola Corp's CFO, Anastasiya 'Stasy' Pasterick, has informed the company of her resignation, effective December 1, 2023, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:10 pm

MSFT

A Microsoft spokesperson has stated the company's continued commitment to OpenAI after the news of the startup's CEO departure was announced.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:09 pm

SYBX

Michael Jensen, the CFO of Synlogic, has resigned from his role effective December 1, 2023, according to an SEC filing made on November 13.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:04 pm

QRVO

Ralph G. Quinsey, Chairman of the Board at Qorvo Inc, has decided not to stand for reelection and will retire from the board, according to an SEC filing on November 13.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:03 pm

META

Don Box, Meta's VP of Engineering and head of augmented reality software, is stepping down for personal reasons. His departure raises concerns about Meta's progress on its AR glasses project, including the development of a custom operating system. Meta plans to deliver a first generation of AR glasses by next year for internal use and select developers, with consumer shipping targeted for 2027. Despite this, Meta's CTO Andrew Bosworth has acknowledged challenges in bringing AR products to market. Meta has also faced difficulties in building custom silicon for AR/VR products, leading to layoffs in its Reality Labs custom silicon unit FAST last month.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 8:32 pm

AMZN

C

GOOGL

NVDA

Fortune 500 companies are increasingly embracing cryptocurrency and blockchain initiatives, with a survey reporting 83% of executives planning or having such projects. Google and Amazon are forming dedicated teams for Web3, with Google offering technical solutions for Ethereum developers and Amazon developing a managed blockchain service. NVIDIA, however, faces SEC fines for not disclosing crypto mining revenues and expresses skepticism about the utility of cryptocurrencies. Citigroup has launched Citi Token Services, a blockchain solution for institutional clients, which is already being used by Maersk for vessel transit fee payments.

Portfolio Pulse from Stjepan Kalinic

November 17, 2023 | 8:28 pm

AAPL

Apple Inc. has decided to pause all advertising on the social network X, owned by Elon Musk, due to Musk's endorsement of antisemitic conspiracy theories and Apple ads being placed next to far-right content. This decision aligns with actions taken by IBM and calls from Jewish rabbis and activists for companies to stop advertising on X. Media Matters for America reported that ads from Apple, IBM, Amazon, and Oracle were shown alongside far-right posts. X's CEO Linda Yaccarino emphasized the company's stance against antisemitism and discrimination, and an X executive stated that accounts identified by Media Matters will no longer be monetizable and the highlighted posts will be labeled as 'Sensitive Media.'

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:37 pm

LGF/A

Lionsgate, a major entertainment company, has suspended all advertising on platform X, according to a company spokesman. The article does not specify the reasons behind this decision or the potential financial impact on either Lionsgate or platform X.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:32 pm

IBM

TSLA

Elon Musk's reply to an antisemitic post on Twitter has sparked backlash, drawing criticism from investors, advertisers, and the White House. IBM paused its Twitter advertising, which could impact Tesla's brand and share price. Tesla investor Ross Gerber and Citron Research expressed concerns over Musk's behavior affecting Tesla negatively. The EU is also targeting Twitter over misinformation, with Musk considering removing the platform from Europe.

Portfolio Pulse from Chris Katje

November 17, 2023 | 7:18 pm

BLNK

Blink Charging Co announces strategic insourcing of chargers to its own manufacturing facilities, anticipating strong demand for its products and services as the company heads into 2024.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:21 pm