Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images The chief executive of Denmark’s Lego on Tuesday reflected on a tough year for the world’s largest toymaker, and outlined the firm’s long-term plans to stay relevant and “cool with kids.” Lego said its 2023 revenue was … Read more
It’s not often you see an established company burn through three CEOs in less than a year. But through circumstances beyond its control, that’s what has happened at Slack, the company Salesforce acquired in 2020 for $28 billion. In November, Slack introduced Denise Dresser as the latest person to occupy the corner office. Dresser acknowledges … Read more
Satellite manufacturer Terran Orbital is “looking at everything” regarding the company’s future, CEO Marc Bell told CNBC, as it considers Lockheed Martin’s acquisition offer. “We found out about [Lockheed’s takeover bid] when the rest of the world found out about it,” Bell said on CNBC’s “Manifest Space” podcast. Lockheed’s proposal submitted last week values Terran … Read more
Sam Altman, the CEO of OpenAI, has a seat at the table — or board, rather — once again. OpenAI today announced that Altman will be rejoining the company’s board of directors several months after losing his seat and being pushed out as OpenAI’s CEO. Joining him are three new members: former CEO of the … Read more
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In a packed theater in Laguna Beach on Thursday morning, Rivian founder and CEO RJ Scaringe opened his presentation to resounding whoops from the audience, well before the company unveiled its three buzzy new vehicles, the Rivian R2, R3, and R3X. While it’s not uncommon to pack a room with fans for a vehicle launch, … Read more
Shares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a “volatile economic environment.” Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become more able to tap into the technology directly for their … Read more
Elon Musk, chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Nathan Laine | Bloomberg | Getty Images Tesla CEO Elon Musk said Wednesday he will not donate to the campaigns of either President Joe Biden or former President Donald Trump. “Just to be super clear, … Read more
Following the early box office success of Dune: Part Two, as well as its critically acclaim, many are wondering whether or not Dune 3 is in the pipeline. Speaking to CNBC, Legendary Entertainment — who produced both Dune and Dune: Part Two — CEO Josh Grode was asked about rumors of a third film coming … Read more
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our interview show, where we sit down with a guest, think about their work, and unpack the rest. This week, we talked to David … Read more
The Toronto Stock Exchange’s parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi. According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business globally. “The exchange-traded fund is essentially one of the most important innovations in investing in the marketplace history — … Read more