Streetbeat News

Corporate Responsibility

META

During a Senate Judiciary Committee hearing on children's safety online, tech CEOs, including Meta Platforms Inc.'s (META) Mark Zuckerberg, faced criticism for failing to effectively self-police harmful content. Zuckerberg apologized for the impact on children. The hearing discussed potential legislation, with Meta's CEO endorsing the STOP CSAM Act but not the EARN IT Act. The hearing is seen as a key moment in the ongoing debate over online child safety and regulation.

Portfolio Pulse from Ananya Gairola

February 01, 2024 | 5:54 am

TSLA

Elon Musk announced that Tesla will hold a shareholder vote on moving its state of incorporation from Delaware to Texas, following a Twitter poll where 87.1% voted in favor of the move. This comes after a Delaware judge called Musk's $56 billion pay package 'an unfathomable sum' and revoked it. Musk has criticized Delaware's incorporation laws and suggested Nevada or Texas as better options for incorporation.

Portfolio Pulse from Anan Ashraf

February 01, 2024 | 5:29 am

META

During a Senate hearing on tech companies' role in online child exploitation, Meta Platforms Inc. CEO Mark Zuckerberg was heckled by parents. Later, X CEO Linda Yaccarino promised to make the internet safer, stating X's commitment to combating child sexual exploitation (CSE). Yaccarino highlighted X's efforts, including the suspension of 12.4 million accounts for CSE policy violations, an increase from Twitter's 2.3 million in 2022. X also supports legislative efforts to protect children online. The article contrasts this with past reports of Instagram facilitating connections between pedophiles and content sellers, and advertisers withdrawing from Twitter due to ads appearing next to child pornography solicitation.

Portfolio Pulse from Ananya Gairola

February 01, 2024 | 2:23 am

PBI

Pitney Bowes has reached a cooperation agreement with Hestia Capital. Mary Guilfoile will retire from her role as Chair and from the Board after the 2024 Annual Meeting. The Board will elect a new Chair post-retirement. Pitney Bowes also announced the addition of two independent board members, William S. Simon and Jill Sutton, effective February 1, 2024. The next permanent CEO of Pitney Bowes will join the Board as its tenth member.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:51 pm

SVT

Servotronics, Inc. has appointed Harrison W. Kelly as its new Chief Operating Officer (COO). This strategic move could signal a new direction or operational strategy for the company. Investors may watch for potential changes in operations and performance under Kelly's leadership.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:37 pm

WALD

Waldencast announced that Manuel Manfredi will become the new CFO on April 1, 2024. Philippe Gautier, the current CFO and COO, is departing from the company. Michel Brousset, the CEO, will cover the CFO role as interim until Manfredi takes over.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:21 pm

BRBR

BellRing Brands has announced that Executive Chairman Robert Vitale has concluded his medical leave and has resumed his full duties as Executive Chairman.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:11 pm

QCOM

During a conference call, Qualcomm stated that they do not anticipate any material change in the revenue run rate from Qualcomm Technology Licensing (QTL) as a result of licensing extensions.

Portfolio Pulse from Charles Gross

January 31, 2024 | 10:11 pm

NTGR

NETGEAR has announced that its co-founder, current CEO, and Chairman Patrick C.S. Lo will retire as part of a planned leadership transition. Charles (CJ) Prober has been appointed as the new CEO to succeed Patrick C.S. Lo.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:54 pm

NTGR

NETGEAR, Inc. has appointed Charles Prober as its new CEO. The company, which is known for its networking products, has not provided details on the strategic direction or initiatives that Prober will undertake. The announcement does not include any information on financial projections or changes in operations that could directly affect the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:48 pm