17 Burst results for "Parag Agrawal"

"parag agrawal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:00 min | Last month

"parag agrawal" Discussed on Bloomberg Radio New York

"Thank you very much and we start with the French election Emmanuel Macron is set to face marine le pen in the final round of voting on the 24th of April Macron got around 27% of the vote compared with about 24 for le pen the French president tried to rally supporters in a short speech last night The game isn't over and the debate that we will have in the coming 15 days is decisive for our country and for Europe Meanwhile le pen as campaigned hard across the country in the cost of living crisis really Tapping into concern about inflation ahead of the next vote she called on French people of all political persuasions to join her movement All those who today didn't vote for Emmanuel Macron should join our movement Snapple's taken after voting ended did give Macron a narrow advantage heading into the runoff Well here in the UK Richie selak is asking for a formal review into whether he is properly declared his financial interests the chances trying to defuse a row over his tax affairs that do threaten to derail his career Bloomberg's UN Potts has that very story Rishi sunak is under intense pressure to lay out details of his financial arrangements This comes after it emerged last week that his millionaire wife shatter Murthy holds non DOM status allowing her to legally avoid paying you gay taxes on her overseas income It also came to light that the chance of the held a U.S. green card proof of permanent residency was she only gave up a year and a half into his current role The titleless popularity has slumped since he was accused of not doing enough to help Britain's facing a record slump in living standards In a letter to the prime minister published late last night Senate said he hopes a probe will help the public to retain confidence in the answers they're given In London I'm you and pots been by daybreak Europe Ukraine's president is warning Russia could launch a full scale military offensive in the east of the country within days president Vladimir zelensky says his country is ready to respond But we are readying for those actions of them We will reply We will supply Ukraine with weapons more actively We will be more active in the international arena We will be more actively in terms of information Meanwhile the Austrian Chancellor's meeting Vladimir Putin later today his first face to face talks with the European Union leader since the invasion of Ukraine did begin And Elon Musk has decided not to join the board of Twitter in another twist to a saga that's captivated the online community CEO Parag Agrawal tweeted that following discussions the Tesla CEO ultimately declined their offer of a board seat Musk recently disclosed that he had taken a stake of 9.2% in the social media company Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in 120 countries I'm leann gerrans this is Bloomberg Tom Leanne thank you Now it is time for London rush This is where we focus on the UK business highlights of the morning businesses making announcements here in the capital on results trading updates M and a and plenty more joining us is Bloomberg's breaking news editor Charles capable chance good morning Heathrow It's busiest months since the pandemic began is the Easter holiday rush Yeah absolutely in London's busiest airport reported that bumper march passenger levels but that was after a very weak start to the year in January and February but they're saying demand driven by weekend trips abroad the school holidays and then also Brits making the most of those all of that credit we have after those canceled trips from coronavirus That means that the number that passenger numbers in March was significantly up and it's the best they've had since the pandemic began Now they are looking forward and they expect the summer peak to be very very busy with the peak days close to those 2019 levels but they are saying that they are not sure what the future of travel looks like There's a lot of uncertainty around not to mention just the impact of the war in Ukraine higher fuel prices as well lower GDP growth and then also always the potential for more variants of concern to emerge So Heathrow coming out with a very positive statement but a note of caution at the end Okay so continued uncertainty for the travel sector there are underscored by what's happening at Heathrow Essential This is a company that says it's in the early stages of separating some of its assets Exactly so essential is a media and consulting company And there was a report by Sky News over the weekend which basically said it's looking at separating its digital operations and listing them in the U.S. Now essential didn't directly confirm that report But what they did say is that they're in the early stages of evaluating the merits of a managed separation of certain assets So it's very similar to that report but they're trying to say that this is something which the board does at all all the time you know they're thinking it's just prudent to be thinking about the way the company is structured and they are in the process of considering that Now their shares are up about 3.7% this morning They were up as high as I think over 8% So there is a lot of movement in this stock but they've come out confirming that Sky News report Okay And we also have an update or at least some news from treat PLC which is a I believe a flavorings and fragrances UK based expecting a return to seasonality what's going on here Exactly well trick PLC is one of these companies that I love speaking about on the London brush And that's because it's just so niche and they have almost a market climate within themselves Now of course inflation is one of these really really important topics They've said that they've had decades of managing inflationary presses and managing prices and they say of course their prices are impacted by general inflation But it's also impacted by things like climate change and other micro market movements And they're saying for example in the first half orange oil prices continue to build to all time highs but lemon oil prices were falling Now as they're moving to the second half of the year exactly They're returning to seasonality They say that they're operating profit will be weighted to the second half of the year and they expect to deliver materially strong margins in the second half of the year as well The granularity of global commodity prices there with lemon prices what lower than lemon oil prices lower than orange Orange oil prices going up lemon oil prices Within the citrus oil Exactly which is actually one of their biggest sectors So it's really key for this company Great stuff Bloomberg's breaking news editor Charles capable with the.

Emmanuel Macron Macron Ukraine Richie selak Bloomberg UN Potts Rishi sunak shatter Murthy Vladimir zelensky CEO Parag Agrawal leann gerrans London Tom Leanne Charles capable Snapple Europe UK Elon Musk
"parag agrawal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:21 min | Last month

"parag agrawal" Discussed on Bloomberg Radio New York

"Good morning Leanne Danny good morning to you and thank you so much and we start with a French election Emmanuel Macron is set to face marine le pen in the final round of voting on the 24th of April Macron got around 27% of the vote compared with about 24% for le pen the French president tried to rally supporters in a short speech which happened last night The game isn't over and the debate that we will have in the coming 15 days is decisive for our country and for Europe Meanwhile le pen has campaigned hard across the country on the cost of living crisis Tapping in two concern about inflation ahead of the next vote she called on the French people of all political persuasions to join her movement All those who today didn't vote for Emmanuel Macron should join our movement And snap poles taken after voting ended give give Macron a narrow advantage heading into the runoff at the end of April Now here in the UK where she sunak is asking for a formal review into whether he is properly declared his financial interests the chances trying to defuse a row over his tax affairs that threaten to derail his career Bloomberg's you and Potts has this story Rishi sunak is under intense pressure to lay out details of his financial arrangements This comes after an emerged last week that his millionaire wife shatter Murthy holds non DOM status allowing her to legally avoid paying new gay taxes on her overseas income It also came to light that the chance of the held a U.S. green card proof of permanent residency which she only gave up a year and a half into his current role The Chancellor's popularity is slumped since he was accused of not doing enough to help Britain's facing a record slump in living standards In letters to the prime minister published late last night soon I said he hopes a probe will help the public to retain confidence in the answers they're given In London I'm you and Potts pinball daybreak Europe Now Ukraine's president is warning Russia could launch a full scale military offensive in the east of the country within days president Vladimir zelensky says Ukraine is ready to respond But we are readying for those actions of them We will reply We will supply Ukraine with weapons more actively We will be more active in the international arena We will be more actively in terms of information Meanwhile the Austrian Chancellor's meeting Vladimir Putin later today his first face to face talks with an European Union leader since the invasion of Ukraine began and Elon Musk has decided not to join the board of Twitter in another twist to a saga that's captivated the online community CEO Parag Agrawal tweeted that following discussions the Tesla CEO ultimately declined their offer of a board seat Musk recently disclosed that he had taken a stake of 9.2% in the social media company Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Leanne guerin's this is Bloomberg Danny Leigh Anne Thank you very much Well let's get back to the first story that Leanne was mentioning in its deja vu and France with Emmanuel Macron facing marine le pen in the final round of the French election on April 24th just like in 2017 joining us from Paris now is Bloomberg's all over crook Oliver especially for international audience If you could walk through the results because the polls that I saw basically a lot of the commentary was okay if Macron gets over 25% it's all clear from him And he did indeed get that But there does seem to be this back and forth that perhaps it's not exactly a straight line for him to the presidency That's right Danny There's a degree to which it seems like it was a little bit kind of according to kind of anticipation You know in mind you're in my home versus the nationalist 9 to ten or a kind of rematch of 2017 My homecoming in a 27% which is a bit higher than I think a lot of people anticipated the pen at 24% and then mineral showing the far left over a 21% And so you look at the polls that were taken immediately after this you know in the average of three polls see him still leading by about 8 points But then there was another one that had him leading by only two And that's well within the margin of error And I think that the real question is if we've seen anything we've done anything from this campaign so far is actually a lot can change in a relatively short period of time It was seen as a slam dunk shoo in for my cone just a couple of weeks ago and then that kind of gab began to narrow And I think that that's what we're going to see in the next couple of weeks In terms of the other candidates they move through his way behind le pen predictably he's sort of on the far right And then the others however and this is kind of where it gets interesting I'll show him the far left candidate Again about 20% of the vote did not support my call but said basically you need to do what you can to stop le pen And you heard that echoed overthrow him in a couple of other candidates You had also the elite cuss And the green leader janik is both with 5% calling for their supporters to vote for the pen So that's sort of the lay of the land going into round two April 24th What does it mean all over that we did see some of these far left and of course marine le pen far right candidates get such a sizable amount of support from the electorate Well I think there's a little bit.

Emmanuel Macron Macron Leanne Danny Ukraine le pen Rishi sunak Vladimir zelensky Bloomberg CEO Parag Agrawal Europe Murthy Leanne guerin Danny Leigh Anne Potts crook Oliver Elon Musk
"parag agrawal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:15 min | Last month

"parag agrawal" Discussed on Bloomberg Radio New York

"Brokers for lowest cost global trading and turnkey custody solutions no ticket charges no conflicts of your interest at IBKR dot com slash RIA Let's get over to check in on the markets now with Doug Chris in New York Hey Juliet let's begin with what's going on in South Korea Short while ago we got inflation data topping 4% for the first time in more than a decade This is obviously going to put a lot more pressure on the bank of Korea to resume raising interest rates at next week's policy meeting Right now we're seeing a little bit of strength in the Korean won not by much stronger against the dollar by about a tenth of 1% And in the equity market the cost be pushing higher by just three tenths of 1% We've got a weaker yen and that is helping to send the nikkei higher by about 7 tenths of 1% Meantime in Sydney the market in the opening moments is showing a little bit of weakness not by mantra the ASX 200 down less than a tenth of 1% All of this after a move higher in U.S. stocks particularly in some of those interactive media shares we were talking a moment ago about to Elon Musk raising his stake in Twitter to above 9% We're going to take a closer look at that momentarily here on daybreak Asia And we also had a rally in shares of Tesla today the stock was up more than 5 and a half percent after the company posted record first quarter deliveries NASDAQ composite today with a gain of 1.9% and in the broader market we had the S&P rising about 8 tenths of 1% Many of the U.S. listed Chinese shares were on a tear today the NASDAQ golden dragon index finished up by more than 7% will take a closer look at that momentarily Crude oil continuing to build on gains that we had in the New York session This is after the European Union said it was working on new sanctions against Russia WTI right now at one O 5 the barrel will take another look at markets in 15 minutes Brian All right thanks very much Doug to that story about Elon Musk Now the biggest shareholder in Twitter disclosing to shareholders or to the exchanges at 9.2% stake the move will be yet another major test for Twitter's CEO Parag Agrawal Agrawal vowed to increase accountability make decisions faster and improve product product execution Arc investment CEO Kathy wood tells us the news could set up more change at Twitter I will say this could be setting up for another leadership change at Twitter You never know Then I'm not jumping to this conclusion automatically I'm saying it's one of many possibilities It'll either be our goal changing the policy of the company to really open-source the censorship or call people out on censorship or it will be a management change I don't know what's going to happen Twitter shares surged 27% in this one session alone And as Doug mentioned U.S. listed shares in Chinese companies rallied for a second session names like Alibaba Tencent and pinned world The positivity coming in reaction to Beijing potentially clearing a major hurdle for U.S. regulators to gain full access to Chinese firms auditing reports Bloomberg's Candice zacharias recaps for us I'm a securities regulator is modifying a decade old rule that controlled how firms listed overseas share their financial data The old rule said that all onsite inspections had to be conducted by regulatory agencies And by proposing to delete this rule the CSR three or the securities regulator is basically opening the door to compliance with U.S. law The gains in Chinese areas lifted the NASDAQ golden China index up more than 7% the hang seng tech index yesterday Brian up 5 and a half percent Yeah it was a spectacular day And this has been running for a while We'll see how things go later this week The market in Hong Kong be closed today because of the Qing Ming festival All right the time is 5 minutes past the hour coming up in a moment will be discussing markets with Robert saint Clair as strategist at Fullerton fund management Now it's time for global news The U.S. national security adviser says intelligence shows Russian troop movements toward the east of Ukraine at Baxter as global news from the 9 60 newsroom in San Francisco.

Doug Chris Twitter Elon Musk bank of Korea U.S. Parag Agrawal Agrawal Kathy wood New York South Korea Doug Tesla Alibaba Tencent Sydney
"parag agrawal" Discussed on Techmeme Ride Home

Techmeme Ride Home

04:40 min | Last month

"parag agrawal" Discussed on Techmeme Ride Home

"2022, I'm Brian McCullough today, so Elon Musk has taken a 9.2% stake in Twitter. I point out that last time Twitter had an activist investor, it led to Jack Dorsey stepping down as CEO, is drone delivery suddenly and rapidly becoming a reality that nation of the United Kingdom is going to issue an NFT and mark gurman math on how an Apple subscription would work. Here's what you missed today in the world of tech. Something something what version of the matrix we're in and all that according to a filing Elon Musk has taken a 9.2% passive stake in Twitter, worth around $2.89 billion, thus becoming Twitter's largest shareholder. Twitter shares rose about 26% in pre market trading on the news, quoting Bloomberg. Musk 50 pulled his more than 80 million followers on Twitter last month, asking them whether the company adheres to the principles of free speech. After more than 70% said no, he asked whether a new platform was needed and said he was giving serious thought to starting his own. Musk has been one of the biggest personalities on Twitter and has regularly run into trouble on the platform, the Tesla chief executive officer is currently seeking to exit a 2018 deal with the U.S. Securities and Exchange Commission. That puts controls in place related to his tweeting about the electric carmaker. The announcement will be yet another major test for new Twitter CEO Parag Agrawal who replaced Jack Dorsey after he unexpectedly resigned in November. Agrawal vowed to increase accountability, make decisions faster and to improve product execution. The company set ambitious goals for growth, including increasing annual revenue to 7 and a half $1 billion and getting to 315 million daily users by the end of 2023. Musk posted a cryptic meme in December after Twitter announced that aggarwal was taking over from Dorsey S Twitter's CEO. It depicted Agrawal as Soviet dictator Joseph Stalin and Dorsey as Soviet secret police head, Nikolai yezhov, being shoved into water. Twitter is particularly vulnerable to outside pressure because unlike Google, Facebook, Amazon and snap, the company's founders don't have special voting control over its future. The company has just recovered from activist pressure by Elliott management that started in 2020, which led Dorsey, who was serving his second stint as CEO of Twitter to set a succession plan. It is unclear what Musk is planning with his stake, the filing with the SEC shows that the date of the event that triggered the disclosure was March 14th. The type of form used often indicates the investor isn't seeking to acquire control of a company or to influence who controls it. Musk already the world's richest person according to the Bloomberg billionaires index has made about $1.1 billion on his holding of Twitter since mid March based on the pop in Twitter shares in early trading Monday. Musk has also lambasted Twitter's recent development of profile pictures linked to non fungible tokens, saying the social media company has the wrong priorities. End quote. So obviously the tweets and discourse that this news generated this morning, I mean, I could quote you just an endless cavalcade of takes. But when in doubt, I like to go with some of my old reliables. Quote, Elon Musk wasn't kidding about wanting to change how Twitter works and is now putting his money to work. I expect being in an eventual activist shareholder is more fruitful than building a rival service, but he's just crazy enough to do both. After all, he can't afford it. Then the great Howard Lindsey. Quote, Elon basically running his own digital country now with his own centralized media platform Twitter and currency doge. Pretty, pretty, pretty smart. But here's someone I don't think I've ever quoted before. Ivan the K who tweeted Elon Musk to increase tweets to four 20 characters and quote. Get it? For 20, not only the obvious joke about weed and the number of characters in a tweet, but also referencing the infamous tweet from Musk himself about taking Tesla private at $420 a share. But since we are joking about Elon's reputation for being a Jedi master level meme lord, I gotta say he actually missed one of the greatest potential troll opportunities of all time. I mean, last Friday was April 1st. If somehow this news could have come out on April Fool's day, man, he'd have full control of Twitter already because the collective brains of the twittersphere would have exploded, trying to figure out if that had been a joke or not. Something.

Twitter Elon Musk Musk Jack Dorsey Brian McCullough mark gurman Dorsey Agrawal Parag Agrawal Nikolai yezhov SEC Tesla Bloomberg
"parag agrawal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:13 min | 3 months ago

"parag agrawal" Discussed on Bloomberg Radio New York

"Digital radio So that surprised U.S. CPI print was a real shock a rethink in terms of markets James bullard saying that the fed should hike rates by a hundred basis points over the next three meetings We're going to unpack that all the reaction the various fed speakers that we've heard from also Christine Lagarde and Philip low of the RBA on their own respective situations with inflation But here in London a word also on the police commissioner cressida dick stepping down the police watchdog releasing yet another report of racist and sexist language by met police officers seemed to seal her fate but she's obviously was the head of Britain's largest police officer And at a time of course when the police and the Metropolitan Police are investigating a certain number of incidents within Downing Street these parties during the official lockdown period that could have their investigations significant implications for the future of the British prime minister Boris Johnson Yeah absolutely Let's go to the markets though and give you a picture now this morning So there's actually no cash treasury trading in Asia because of the Japanese holiday this Friday But of course ten year U.S. yields advance 9 basis points 2.03% yesterday the two year U.S. yield also climbed the most since 2009 after that print of CPI at 7.5% last month in the U.S. Italian bonds led your area declines to traders boosted ECB rate hike wages Christine Lagarde though pushed back against a faster rate rise warning that it could affect the European recovery European equities did fall yesterday for the first time in four days the S&P 500 pulled back 1.8% futures this morning deeply in the red we dropped one and a half percent for U.S. stocks 50 futures S&P 500 evening features also down by 9 tenths of 1% Oil is heading for the first weekly loss since mid November so we're down half of 1% for WTI crude futures right now the revival of Iranian nuclear deal talks it could mean the resumption of flows of course it is a big if but we watch the all markets Tom We do indeed look the central question really for Marcus today is monetary policy but it's also been a big week for earnings just to highlight Volvo coming through Volvo cars This is not Volvo trucks with fourth quarter operating income at 3.7 billion Swedish krona that is below the estimates of 4.57 billion So a miss in terms of operating income for Volvo Volvo cars in the fourth quarter we know that sectors struggled of course with supply chains and particularly semiconductors Okay for more on the markets let's bring in blue mos cross asset editor Joanna Austen Joanna Another surprise was surprised at all the surprises around inflation prints How is the market reacting to a four decade high in terms of U.S. CPI and the comments from James bullard Hey Tom So obviously there's been a higher likelihood of faster quicker hikes being priced in now But bullard is getting a lot of attention but let's keep in mind he's a very smart guy obviously but it's still not clear that he really speaks for kind of where the overall fed official thinking is right And I would just point out our Bloomberg colleague Craig Torres has a story out saying the fed doesn't yet favor a half point hike or an emergency move That's worth checking out Yeah okay So bearing that in mind also daily talking about a half point rate hike is not my preference That's Mary Daly and other fed speaker two to bear in mind What are some of the investor recommendations though off the back of this inflation data that the markets were so anticipating Hey Carolina we did kind of a survey of what people are thinking So Peter boockvar from bleakly like silver and gold We have a lot of people saying they think risk assets can largely handle the rate hikes That's tall back in Mizuho trading point Deutsche Bank is saying stay long Euro versus USD And then maybank thinks that China bonds will be shielded more from volatility than others might be Okay so some investors there as we face up to again four decade high inflation print from the U.S. and likely a sharper monetary policy response certainly that's what the markets are betting on Goldman Sachs has 7 hikes now forecast for 2022 Thank you as ever Joanna Oscar Bloomberg's cross asset editor and for real-time market commentary and analysis check out markets live That is ML IV on your Bloomberg terminal Okay so let's get our top stories this morning all the details around that James bullard commentary here is Bloomberg's Lee and Gary and good morning Caroline good morning and thank you yes indeed we start with comments from the fed and St. Louis president James bullard who supports raising interest rates by a full percentage point by the start of July bellard told Bloomberg U.S. inflation running at its hottest in four decades requires a big response However he is undecided of the size of that first hike in March Traders are now pricing in 7 hikes this year with a more than 50% chance that rates will be raised 50 basis points and next month Now to geopolitical tensions president Joe Biden is urging all American citizens to leave Ukraine immediately due to increased threats of Russian military action American citizens should leave Should leave now We're dealing with one of the largest armies in the world This is a very different situation and things could go crazy quickly There's not That's a World War when Americans and Russia start shooting at one another We're in a very different world than we've ever been in Meanwhile Biden also said he would not send troops to rescue U.S. citizens if Moscow invades Ukraine in an interview with NBC News this warning comes after negotiations in Berlin with diplomats from Russia Ukraine Germany and France intended to revive the 2015 Musk at Minsk accord to end the conflict wrapped up with no reports of any progress Russia has repeatedly denied any plans to invade Ukraine despite massing more than 100,000 troops at the border So here in the UK the search is now on for a new commissioner of the Metropolitan Police cressida dick is stepping down saying she was left with no choice after leaving the backing of the London mayor Sadiq Khan following a meeting yesterday Bloomberg's Charles capel has the story Dick has been under immense pressure after an official report last week showed out officers were found to have made disturbing sexist and racist jokes Khan said he was not satisfied with the commissioner's response to the scale of the challenge to root out cultural issues within the force and rebuild public trust It was the latest in a series of damaging events for the commissioner including the forces handling of the murder of Sarah everard Dick was also widely criticized for the Met's decision not to investigate allegations of rule breaking parties in Downing Street only to reverse the decision in London Charles caple Bloomberg daybreak Europe And Twitter's new CEO parag agrawal is promising to push projects through faster but told investors they shouldn't expect a major changes now that Jack Dorsey has stepped aside Meanwhile Twitter CFO Ned Siegel shared his outlook for growth with Bloomberg More people coming to the front door of Twitter which then gives us more opportunity to convert people to DAU over time It's those insights those early indicators that give us confidence that we can accelerate DAU growth in the United States and internationally over the course of this year and that we can be on track for those goals Yesterday the company reported sales and user growth at mostly met expectations but didn't go much further than that Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries and leann gerrans this is Bloomberg Tom Yeah okay let's get more on the Twitter story then results and look back on the week in.

"parag agrawal" Discussed on Techmeme Ride Home

Techmeme Ride Home

03:04 min | 6 months ago

"parag agrawal" Discussed on Techmeme Ride Home

"This year. Finally today, some postgame analysis on the whole Jack Dorsey stepping down from Twitter thing from Bloomberg, their sources say that parag agrawal was Jack Dorsey's only serious candidate to replace him as Twitter CEO and Elliot management did not demand that Dorsey resign. Quoting Kurt Wagner's reporting. While Dorsey's decision to step down as chief executive officer last week cut investors and employees by surprise, the framework for his departure, including identifying his designated replacement, had been in place for more than a year. The plan's early iterations didn't guarantee agrawal the top job and Twitter's board briefly considered a handful of external candidates for the role said the people who asked not to be named because the discussions were private. But agrawal was Dorsey's top choice for the job and he was the only candidate internal or external seriously considered when the time came to fill Dorsey's role, people familiar said. In a twist that surprised many observers, Twitter and Eliot management quickly came to a public settlement just weeks after first contact. Twitter would add Elliot's Jesse Cohen to its board, the board would review its corporate governance and succession plan for CEO and Twitter would agree to new user growth and revenue goals. Silver Lake invested $1 billion on Twitter and durban was added to the board as well. Dorsey would keep his job for the time being. Some wondered whether the truce would be short lived, given Elliot's track record of CEO ousters. Yet, less than a year later, in October 2021, Dorsey alerted the company's directors and some of its top staff of his plans to resign, according to a person familiar with the move. Though Elliott's agitation for change led to speculation that it might have pushed dorsi out after all, the firm didn't give dorsi a new ultimatum or demand that he resigned to people familiar said. Still, Elliot never fully disappeared. Twitter announced a handful of ambitious revenue goals during an analyst event in February 2021. Its first Analyst Day since 2014, including a goal to double annual revenue by 2023. Kona announced in April that he would step off the company's board, but just a month later, Elliot bought more than $200 million in additional Twitter stock after shares slumped following a poor earnings report. The deeper investment was a not so subtle reminder that while Cohen was leaving the board, Elliott was still nearby and waiting to pounce if things didn't improve. As of August, it still owned a large Twitter stake worth well over $1 billion, according to a person familiar with the companies. It's possible that these lofty goals and the looming prospect of further activist investor pressure helped inspire Dorsey's departure. It's also possible that square now named block simply aligns work closely with Dorsey's passions. He's an outspoken Bitcoin proponent tweeting about the digital currency constantly. While Twitter is dabbling in crypto and blockchain technology's block is more focused on financial technology and has an entire division building Bitcoin related financial services. No matter why Dorsey left, Elliot is still paying close attention to Twitter. Even though the firm no longer has a board seat, its statement the day Dorsey resigned gave agrawal a full throated endorsement end.

Dorsey Twitter Elliot Jack Dorsey agrawal parag agrawal Jesse Cohen Kurt Wagner Bloomberg Elliott Silver Lake durban Kona Cohen Bitcoin
"parag agrawal" Discussed on WGN Radio

WGN Radio

07:02 min | 6 months ago

"parag agrawal" Discussed on WGN Radio

"You welcome back to the Jim bohanna show one 8 6 6 5 O Jimbo on age 6 6 5 O 5 four 6 two 6 if you look at the change at the top at Twitter and wonder how much of it is significant how much of it is substantive or how much of it is just to cosmetic along with some of these name changes that we've been talking about with cybersecurity expert Teresa Payton You were talking a bit about the problem with regulating these technologies One of the fastest activities right now is the advance of technology particularly cyber technology rapidly knowledge is just changing almost where the hour it seems like at the same time one of the slowest activities humankind has ever developed is rule making We move very slowly on that front and I'm wondering if our law making capabilities are sufficient to keep up with where technology is taking us Yes you bring up just an excellent observation here whereas by the time the law is written everybody weighs in on it and it gets approved and codified we've already moved on to the next technology I think the other challenge that you have as many of the lawmakers they may or may not be avid users of some of these platforms And oftentimes we're asking legislators to be sort of a Jack of all trades across so many different industries This is just one of many things that it's hard for them to sort of get a grasp on this in particular and really get a deep expertise in this So as they write these laws it's like what is that grounded in And so you've got the business community saying one thing you have consumers saying another you've got concerned parents saying something else the investor community and then you have the founders themselves who in and of themselves have become kind of VIP celebrities if you will that run these organizations I think most Americans didn't even global citizens to name most of the social media companies CEOs They probably be hard pressed to name other industry vertical CEOs Yeah I would be hard pressed to name many of these people Now I gather that Jack Dorsey has accomplished quite a bit in his time at Twitter This guy first of all is 45 years of age He's not exactly an old man and already he's retiring I mean sort of semi retiring But he does have a list of accomplishments to his name He does And one of the kind of the interesting connection points between him and the new Twitter CEO as you're talking about is accomplishments is his fascination They both have a fascination around cryptocurrency They're both very fond of cryptocurrency believe it's a big part of the future and that's part of the interesting thing about him his full-time focus now on square renaming it to block as in blockchain So he's really going to go very deep into blockchain cryptocurrency and those technologies that will be interesting to see when he applies himself full time to block where that company is going to go And before we take a call or two here for you let's take a look at that replacement And I'm not sure if the pronunciation here parag agrawal the chief technology officer what is his name and what differences if any does he bring to the table compared with Jack Dorsey Well sure So his background he's a software engineer Very close to Jack So the question that's open for me is because he was close to Jack does that mean he's going to be sort of a Jack Dorsey two or will he settle in wrap up some of Jack's unfinished initiatives and then when he set the company on a course of his own choosing and his own making So that's an open question for me He was a close confidant of Dorsey So it's not a surprise That he was chosen He actually had been added to the succession plan not that long ago And he has worked very closely with Jack on any Twitter projects that involved Bitcoin cryptocurrencies he actually created the new dedicated crypto team that Twitter has as well as their new blue sky project which is to really kind of the understanding of blue sky is that Twitter's trying to create decentralized social networking software So everything wouldn't have to be Twitter centric It could be different features and functionalities that Twitter has could be available to other social media platforms All right call from Michael and Virginia Beach Virginia good evening Good evening Jim Theresa allowing Twitter to kick the president of the United States off its platform is a lot like allowing Boeing lines Airplane manufacturer to kick the president of the United States off of Air Force One Except for the fact that Air Force One Air Force One of course is owned by the government so it's not exactly a perfect analogy Michael Well it is in this set When the constitution was formed the state of the art for building roads was cobbled stone So if you allow asphalt road builders to build over those cobblestone they don't own the roads Darpa created the possibilities that makes a Twitter possible who was that who created the possibility that the French advanced research project agency Darpa Okay Okay All right Interesting and interesting point as to the extent of just what are the rights and responsibilities of what is essentially a private company but of course had some governmental assist We're coming up on a break so I want to reach a patent to wait with us and Michael as well We'll get her response to that when we come back in just a moment Did you know homeowners can spend up to 54% more this winter to heat their homes with supply shortages age back equipment could also be hard to find Now is.

Twitter Jim bohanna Jack Dorsey Teresa Payton Jack parag agrawal Virginia Beach Virginia Jim Theresa Dorsey Air Force One Air Force Michael United States Boeing Air Force Darpa
"parag agrawal" Discussed on Making Podcasts Great Again

Making Podcasts Great Again

05:14 min | 6 months ago

"parag agrawal" Discussed on Making Podcasts Great Again

"Patreon dot com slash MPG GA and that is the perfect ten level to here, the epis and like mister president said, join, you can catch up on all the former perfect ten episodes and all the bonus content that you missed out on the last few years. So again, that's Patreon dot com slash MPG a and look for social media this week. We will be asking questions and you can send in your opinions for the epis for 2021. Mister president I was getting to before an enemy of yours Jack Dorsey, the CEO of Twitter is stepping down. And being replaced by parag agrawal who's going to be the new CEO. What are your thoughts on this? Do you think do you know paradox and do you think you can get on his good side to have your Twitter account back?.

parag agrawal Jack Dorsey Twitter
"parag agrawal" Discussed on Techmeme Ride Home

Techmeme Ride Home

02:25 min | 6 months ago

"parag agrawal" Discussed on Techmeme Ride Home

"Today, how about a profile of Twitter's new CEO? Pierog agrawal, little known to the public, but apparently a Jack Dorsey confidante who has been involved in many big strategic initiatives at Twitter of late. Quoting The New York Times. When Jack Dorsey then Twitter's executive chairman pushed the company to build out its machine learning and artificial intelligence capabilities in 2014, he turned to an engineer parag agrawal. When mister Dorsey later became Twitter's chief executive and needed help overhauling the company's infrastructure, he also tapped mister agrawal. And when mister Dorsey envisioned a future for Twitter in 2019, that would be based on the concept of decentralization and technology such as the blockchain, he again pulled in mister agarwal to help. On Monday, mister Dorsey made the handover complete when he stepped down as chief executive and mister agarwal 37 was named Twitter's new leader. Mister agarwal, the chief technology officer since 2017 is little known to the public with even some Twitter insiders saying they were surprised by his appointment. But behind the scenes, the India born engineer has been a Twitter veteran and confidant of mister Dorsey's who has been involved in many of the company's biggest strategic initiatives. That made mister Dorsey effusive about his successors saying in a tweet that the board had run a rigorous search for a new chief executive and had unanimously endorsed mister agarwal. Some tech observers said that mister agarwal's appointment made sense because he was kind of a spiritual successor to mister Dorsey, both are quiet, polite, deeply technical and enthused about an Internet where power and control are given back to users. He definitely takes a big picture view of what should Twitter B in the world and how it should work. Mike masnik the founder of the technology news site tek dirt, who has advised Twitter on decentralization efforts set of mister agarwal. Born in Mumbai, mister agua studied computer science and engineering at the Indian institute of technology and elite technical university. In 2005, he moved to the United States and enrolled at Stanford University to pursue a doctorate in computer science. There, he joined a research group focused on databases, which let computers store and manage large amounts of digital information. Even among students at Stanford, mister agrawal stood out for his strong grasp of the math and the theory that underpins computer science said Jennifer Whyte him who led the research lab and served as his thesis adviser, having both of those skills, math and theory can take you a long way, she said in a phone interview, if you are good at the theory, you have the ability to be analytical to reason to make decisions end quote..

mister Dorsey mister agarwal Twitter Jack Dorsey Pierog agrawal mister agrawal parag agrawal Mister agarwal The New York Times Mike masnik tek dirt mister agua Indian institute of technology India Stanford Mumbai Jennifer Whyte United States
"parag agrawal" Discussed on Daily Tech Headlines

Daily Tech Headlines

03:02 min | 6 months ago

"parag agrawal" Discussed on Daily Tech Headlines

"Automaker renaults and a similar deal with Vulcan last week. Falcon produces lithium hydroxide by Brian deposit extraction in the upper right valley in Germany. Twitter's Jack Dorsey stepped down from his role as CEO. The Twitter board unanimously named current CTO parag agrawal as CEO. Dorsey will remain on the company's board through the end of his current term in mid may. Perov joined Twitter in 2011 as a distinguished software engineer, and was aimed CTO in 2017. He's worked on AI initiatives and perhaps most notably headed Twitter's decentralization efforts with project blue sky, starting in 2019. The UK's competition and markets authority ordered meta to sell giphy the first time the regulator has attempted to unwind a completed acquisition by a tech company. The company originally announced the acquisition back in May 2020. The CMA said the deal could deny access to gifts to competitors and removed giphy's advertising services as a competitor to meta. Meta said, it's considering all options, including a possible appeal. eBay announced a deal with sneaker count digital to acquire its footwear authentication business. The company previously worked with eBay to vet high value sneakers, sold on the platform, launching an authenticity guarantee in October 2020. Since launching eBay said the program, authenticated 1.55 million sneakers worldwide. Sneaker con will continue to operate its separate events business. FIFA will test a semi automated offside system during the Arab cup using ten to 12 cameras to collect 29 data points on players 50 times a second to look for potential offsides and fractions. These will be sent to a video assistant referee, who makes the final call. The system has previously been tested in England, Spain and Germany. If it helps speed up calls with improved accuracy, the system could be used at the 2022 FIFA World Cup. The team behind the Zelda reverse engineering team announced it fully decompiled aram for The Legend of Zelda the ocarina of time into human readable C code. Once the final decompiled functions are merged with the project's GitHub repository, the code could be run through a compiler to generate a bit for bit copy of the rom. This could potentially open the door for PC ports and mods down the line. The team is still working on decompiling majora's mask and the minish cap. A valve FAQ page states the company isn't interested in creating exclusive games for its upcoming handheld steam deck. According to valve, it's a PC, and it should just play games like a PC. A user on Reddit spotted mention of a sub mini in the Sonos smartphone app, which is described as a smaller cylindrical. Sonos currently sells a third gen square sub for $749. Exact features are unknown, but the Sonos app does clarify that two submits can not be used at the same time, a feature supported on the full size sub. And finally, Ludwig ahgren, who set a record with over 283,000 subscribers during a 31 day stream with on Twitch, announced he's moving to YouTube gaming. His initial stream will be a Q&A on November 30th. It's not like he'll be struggling to gain an audience on the platform, his YouTube channel currently has over 2 million subscribers before his first stream..

Twitter upper right valley parag agrawal Perov competition and markets author eBay Jack Dorsey Automaker Vulcan Dorsey Germany FIFA CMA meta Meta UK Spain England Ludwig ahgren
"parag agrawal" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

07:12 min | 6 months ago

"parag agrawal" Discussed on WNYC 93.9 FM

"Good morning Tomorrow the Supreme Court will hear a case concerning a Mississippi law that bans most abortions after 15 weeks That law contravenes roe versus wade and if the Supreme Court lets it stand that would effectively overturn row Yesterday I talked to Nancy north of the president and CEO of the center for reproductive rights Her legal team is representing Jackson women's health organization before the Supreme Court this week This Mississippi law was passed back in 2018 it directly violates roe versus wade Why did it take three years for the Supreme Court to review it Well this has been making its way through the court since we filed suit just really moments after the law was passed It was easily struck down by both the district court and the Court of Appeals But the Supreme Court waited quite a long time to agree to take the case but we're here now and it's really a watershed moment about whether the Supreme Court is going to uphold long-standing protections for the individual liberty of abortion access that profoundly impacts women's lives help and future Profoundly impacts women's lives health and future you are talking about very high stakes Why is this particular case so important If Mississippi's law is upheld the only way the court would be able to do that would be to essentially overturn roe versus wade There's no consistency between the Mississippi law and row In fact Mississippi enacted the law as a test case to eventually seek the court to overturn roe versus wade Since the Supreme Court decision in roe V wade the court has been clear that the court holding a rope is that until the point of fetal viability the government while it may have regulations on abortion it can't ban it entirely It has to ultimately let the woman make the decision for herself considering all the profound health and life implications So the Mississippi 15 week ban is weeks before 9 weeks before viability and it sets up this test case about roe versus wade I'd like to ask you a question about public opinion There was a poll taken by marquette university law school suggesting that 37% of people favor bands on abortions after the 15th week of pregnancy which is what this law essentially does Is it possible that the Mississippi law may be in line with public opinion on abortion in this country What's important about public opinion is that 70% of the American public don't want to see roe overturned And indeed Mississippi voters rejected a personhood law when they had a chance to vote on it One in four women in the United States has an abortion So whatever people answer in the polls when they have to make the decision themselves the reality is every pregnancy is different and those who find themselves making a decision at the 15 week marker later have individual circumstances for that Mississippi only has one abortion clinic in the entire state and I know there are people who will wonder what would this law really change given that access is already so restricted Well it is true Mississippi does have restricted access There is just the one clinic in the state that we represent Jackson women's health organization And Mississippi some of the most restrictive laws in the United States A lot of hoops for patients to go through No coverage under Medicaid And so it is hard for women to access but they still do And the reality is if you take away the only clinic in a state people have to cross state lines And as we're seeing right now in Texas where unfortunately there's a law in the fact that clearly violates voters this way doesn't provide abortion care after 6 weeks We're seeing people having to cross state lines This is the first abortion case that the Supreme Court has heard since justice Amy Coney Barrett was seated She's a known opponent of abortion rights Do you believe that will play a role in the outcome Look we are arguing before the court that really there is only one outcome in this case that's consistent with the rule of law And that is for the Supreme Court to uphold the Mississippi law I mean it is a critical moment for the Supreme Court including for all of the justices and they all testified about the importance to the rule of law of precedent and following precedent because it can not be politics or ideology So what would be appealing to every single one of the justices to follow the rule of law in this case which has been the law of the land for almost 50 years When can we expect the Supreme Court to finish deliberating and deliver a verdict Well it has been the case in abortion cases that often it's not until the last day of the Supreme Court's term which is at the end of June So that might be the expectation here But the court is able to decide this case as well as the Texas case whenever they come to a decision after oral argument Nancy northup is president and CEO of the center for reproductive rights which is representing the Jackson women's health organization in front of the Supreme Court tomorrow Nancy thank you so much for your time Thank you There's been a changing of the guard at Twitter CEO Jack Dorsey the eccentric cofounder known for his dedication and meditation fasting in Bitcoin has stepped down Replacing him as a Twitter veteran few outside the company have heard of NPR's tech correspondent Shannon bond has more Jack Dorsey left Twitter once before In 2008 he was pushed out as CEO after clashing with a fellow cofounder He told employees in an email yesterday this time he's leaving on his own terms The handover comes at a critical moment for big social media platforms There's a lot of heat and a lot of friction and politics associated with being these social networks on which so much public conversation plays out Margaret o'mara is a Silicon Valley historian She points to Facebook's recent pivot to building the so called metaverse So too perhaps Twitter is looking at what is the next gen social network going to be Now the man responsible for answering that question is parag agrawal He's a Stanford trained computer scientist who joined Twitter as a software engineer a decade ago He became chief technology officer in 2017 Twitter insiders say agrawal is a close confidant of Dorsey who shares his vision of a future in which Twitter runs on technology that gives users greater control They expect cryptocurrency and the blockchain to play big roles Dorsey has been talking up this vision to investors for a while Here he is on an earnings call this summer So obviously I've been treating and talking a lot about the current setup that it was important to explain a little bit more as to why While some current and former employees told NPR they were surprised agarwal was tapped for the role Dorsey says his trust in his successor is quote bone deep As technology chief agrawal worked on machine learning and other technical advances that have allowed Twitter to roll out new features and products more quickly as it's tried to shake off a reputation for being slow to innovate Historian o'mara says choosing agrawal to succeed Dorsey is a signal that the technology itself the technology of the platform and redesigning what social media is like will be something that Twitter is trying to center.

Mississippi Supreme Court Jackson women's health organiz wade Nancy north center for reproductive rights roe versus wade marquette university law schoo Amy Coney Barrett Twitter Court of Appeals Jack Dorsey United States Nancy northup Shannon bond Texas center for reproductive rights Margaret o'mara
"parag agrawal" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:49 min | 6 months ago

"parag agrawal" Discussed on WNYC 93.9 FM

"He was pushed out as CEO after clashing with a fellow cofounder He told employees in an email yesterday this time he's leaving on his own terms The handover comes at a critical moment for big social media platforms There's a lot of heat and a lot of friction and politics associated with being these social networks on which so much public conversation plays out Margaret o'mara is a Silicon Valley historian She points to Facebook's recent pivot to building the so called metaverse So too perhaps Twitter is looking at what is the next gen social network going to be Now the man responsible for answering that question is parag agrawal He's a Stanford trained computer scientist who joined Twitter as a software engineer a decade ago He became chief technology officer in 2017 Twitter insiders say agrawal is a close confidant of Dorsey who shares his vision of a future in which Twitter runs on technology that gives users greater control They expect cryptocurrency and the blockchain to play big roles Dorsey has been talking up this vision to investors for a while Here he is on an earnings call this summer So obviously I've been reading and talking a lot about BigQuery and so I thought it was important to explain a little bit more as to why While some current and former employees told NPR they were surprised agarwal was tapped for the role Dorsey says his trust in his successor is quote bone deep As technology chief agarwal worked on machine learning and other technical advances that have allowed Twitter to roll out new features and products more quickly as it's tried to shake off a reputation for being slow to innovate Historian o'mara says choosing agrawal to succeed Dorsey is a signal that the technology itself the technology of the platform and redesigning what social media is like will be something that Twitter is trying.

Twitter Margaret o'mara Dorsey parag agrawal agrawal Silicon Valley agarwal Stanford Facebook NPR mara
"parag agrawal" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

02:20 min | 6 months ago

"parag agrawal" Discussed on NPR's Business Story of the Day

"Dot org to receive any advertised product. You must become a member of pen fed, federally insured by NC UA. There's been a changing of the guard at Twitter, CEO Jack Dorsey, the eccentric cofounder known for his dedication and meditation, fasting in Bitcoin has stepped down. Replacing him as a Twitter veteran few outside the company have heard of NPR's tech correspondent Shannon bond has more. Jack Dorsey left Twitter once before. In 2008, he was pushed out as CEO after clashing with a fellow cofounder. He told employees in an email yesterday, this time he's leaving on his own terms. The handover comes at a critical moment for big social media platforms. There's a lot of heat and a lot of friction and politics associated with being these social networks on which so much public conversation plays out. Margaret omera is a Silicon Valley historian. She points to Facebook's recent pivot to building the so called metaverse. So too, perhaps Twitter is looking at what is the next gen social network going to be? Now the man responsible for answering that question is parag agrawal. He's a Stanford trained computer scientist who joined Twitter as a software engineer a decade ago. He became chief technology officer in 2017. Twitter insiders say agrawal is a close confidant of Dorsey, who shares his vision of a future in which Twitter runs on technology that gives users greater control. They expect cryptocurrency and the blockchain to play big roles. Dorsey has been talking up this vision to investors for a while. Here he is on an earnings call this summer. So obviously I've been treating and talking a lot about the crime so I thought it was important to explain a little bit more as to why. Well, some current and former employees told NPR they were surprised agarwal was tapped for the role. Dorsey says his trust in his successor is, quote, bone deep. As technology chief agrawal worked on machine learning and other technical advances that have allowed Twitter to roll out new features and products more quickly. As it's tried to shake off a reputation for being slow to innovate. Historian omera says choosing agrawal to succeed Dorsey is a signal that the technology itself, the technology of the platform and redesigning what social media is like will be something that Twitter is trying to center going forward. Now it will be agrawal, not Dorsey, who's the.

Twitter Jack Dorsey Shannon bond Margaret omera Dorsey parag agrawal NPR agrawal Silicon Valley Stanford Facebook agarwal Historian omera
"parag agrawal" Discussed on Monocle 24: The Globalist

Monocle 24: The Globalist

05:47 min | 6 months ago

"parag agrawal" Discussed on Monocle 24: The Globalist

"Will have a look at record breaking entertainment. That's all ahead here on the globalist. Live from London. First a look at what else is happening in the news. The chief executive of Moderna has said that exist in existing vaccines will be much less effective at tackling uma cron than earlier strains of COVID-19. Twitter founder Jack Dorsey is stepping aside a CEO naming the company's CTO parag agrawal as his replacement. And Rodrigo Duterte's preferred successor Philippine senator Christopher bong go has said he's dropping out of the presidential election. Do stay tuned to Monica 24 throughout the day for more on those stories. But first, the World Health Organization says the new omicron coronavirus variant is likely to spread internationally posing a very high global risk of infection and has called on its 194 member states to accelerate vaccination of high priority groups and in anticipation of increased case numbers to ensure mitigation plans are in place to maintain essential health services. While Joan Van Dyke is a senior journalist at the Becker sisa center for health journalism in Johannesburg and she joins me on the line now. Joan, thanks so much for coming on the show. What do we know about this new variant so far? Thanks for having me. Well, what we know at the moment is unfortunately disappointingly little. It's always the first, there's a little bit of a lag before we can really say anything for sure. But South African, one of South Africa's health agencies presented some interesting data about what we've seen in the halting province where cases have started to tick up a quite a rate. At this stage, it doesn't seem like it's different people who are being admitted. It's still mostly mostly older people that are becoming severely ill. There's also our scientists announced earlier this week that there are some concerning changes to the DNA of the virus that we might be concerned about. One of these might be that it could, it could evade your immune system. So your body won't recognize when you when you come across the virus again. Another one could be that the vaccines, as you said earlier, won't be quite as effective against us. But so far, in South Africa, it looks like the people who are getting hospitalized mostly are still the unvaccinated. So nothing out of the ordinary just yet from what we know from this early data. And in terms of symptoms, are they the same as the ones that we have been told to expect? Nothing yes. The same, when it comes to symptoms, nothing out of the ordinary has been seen yet, but we also are just at the beginning phases of this variant and it's mostly younger people that are spreading it. And they less likely to be hospitalized. We might just not be catching it, but at this stage, nothing out of the ordinary. So as we established, this was first identified in South Africa, which now seems to be bearing the brunt of travel restrictions. And many have made the point that South Africa should not be blamed, but rather commended for identifying a new variant so quickly. What can you tell us about that? I mean, South Africa does seem to be at the forefront of this type of medicine. Yes, I can tell you it's been quite an angrier action inside South African reaction to the kind of very harsh travel restrictions that have been put on the country. We've kind of been expecting new variants. We weren't really caught with our pants down. We have a long history of this kind of tracking of variance because of our HIV pandemic and very and a very strong and deep bench are very experienced sciences when it comes to this kind of thing. So the country has invested in genomic surveillance so that we can be a partner in the pandemic. And then we identified along with Botswana identified this variant and within swiftly punished for it. And it's December was seen as kind of a lifeline for the economy. We've also faced some political violence. We've changed health ministers a few times. It's been quite a time in South Africa. So being punished for this kind of transparency has really definitely not the best course of action from the perspective here in South Africa. And what's the South African president Cyril ramaphosa said? Yeah, he's come on quite strongly on Sunday. He had kind of a conference to explain what the country will go forward. And he kind of said the same thing that this is not firstly there's no there's no. There's no use. There's no scientific basis for doing this. The variant is already in the UK in we've seen in Scotland that it's that it was that is spreading there in the community without being brought in by travelers in Hong Kong. It's in other parts of Asia. So it's already there firstly, and another reason why these travel bands probably won't work is that we have all these other tools in our arsenal now to that we know can stop spread from coming from being imported through airports. Like only noting vaccinated people travel, PC artists that airport all these kind of things that we that we now have that we didn't have in the beginning of the pandemic. Yeah, that makes travel bands kind of irrelevant and unscientific at this point. So the WHO's told its members to ensure mitigation plans are in place to maintain essential health services as well as upping vaccine take up. But that might be a challenge in less developed African countries. I mean, your president, in fact, was talking about this whole vaccine inequality, and of course we must factor into that..

South Africa uma cron parag agrawal Rodrigo Duterte senator Christopher bong Joan Van Dyke Becker sisa center for health Moderna Jack Dorsey World Health Organization Philippine Monica Johannesburg Joan Twitter London Cyril ramaphosa Botswana HIV Scotland
"parag agrawal" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

04:48 min | 6 months ago

"parag agrawal" Discussed on Marketplace with Kai Ryssdal

"There was a major shake up in tech today, Twitter, CEO and cofounder Jack Dorsey announced his resignation and his replacement chief technology officer agrawal will take over. It's a big move for a company that's been under pressure from investors to stay competitive with social media rivals, and from legislators over how it moderates content on its platform. So we got marketplace text, Molly wood on the line to talk about what all this means. Hey I'm Molly. Hey, Amy. So Jack is an unusual case, right? In that he was until today, CEO of two companies, Twitter, and square. How did he stay in that position so long? Yeah, it's such an he is also, I think an interesting case in that, you know, this is being framed as Dorsey deciding to leave, which is sort of true except that he had also been under pressure for more than a year by activist investors to either produce more results for Twitter or step down. But yes, I mean, this question of running two publicly traded companies at the same time is really something you can only pull off if you are the beneficiary of Silicon Valley is sort of special cult of the founder status. This idea that because Jack Dorsey was the cofounder of Twitter, he will always be best suited to lead it, even if he's not really paying very much attention to it. And yet today Dorsey said in a statement that he's stepping down because being founder led is, quote, severely limiting and a single point of failure. So maybe that goodwill was running out. What's your take on a founder, you know, staying with the company or leaving it in potentially better hands? Yeah, I mean, I think that is a simultaneously a moment of self reflection and possibly a little bit of a dig at Mark Zuckerberg who is now wondered about that. Among exactly among the social media platforms, Zuckerberg is the last founder standing. And so I think it probably is a commentary on the fact that when you are perceived as this whole decision maker, you know, endorse these case, Twitter hasn't really evolved much. There haven't been many new features when they appear they're not very well executed. And he may have started to realize that if people were orienting their decision making around him that he was more of a blocker than an enabler, and you know, I mean, never missed a chance to get a dig in, but that's also a good realization on his part. Yeah. And so with his departure, there are just a few notable tech companies left that still have their founders at the helm, including, as you mentioned Facebook, and air-b-n-b, is there an advantage for those who have decided to stick with that leadership model? I mean, I think it's really what this tells us is that it's important to have a ruthless dispassionate evaluation of whether your founder is doing well by the company. Is the company still making money? Is it making decisions that are keeping users? And is the board of that company solely under the control of that founder or can it make decisions independently if things start to spin out of control? There isn't other than Mark Zuckerberg being the founder, Facebook makes a lot of money, but you could argue that after the number of scandals that a company like that has had that a board could make a change. And the cult of the founder is so strong that that is unlikely to happen. So I think it's an important evolution for these businesses. These companies that end up growing so huge and having so much impact to take a really hard look at when it All right. Molly wood host of marketplace tech at least for another few days..

Twitter Jack Dorsey Molly wood Dorsey agrawal Molly Mark Zuckerberg Amy Silicon Valley Jack Zuckerberg Facebook
"parag agrawal" Discussed on WSJ What's News

WSJ What's News

04:11 min | 6 months ago

"parag agrawal" Discussed on WSJ What's News

"Recommending that everyone age 18 and older get one due to the risk posed by the variant, the agency had previously foremost encouraged an additional vaccine course for those 50 and older. The Biden administration says it's working with Pfizer at Moderna and Johnson & Johnson on contingency plans in case additional boosters are needed. Here's President Biden speaking from Washington today. This variant is a cause for concern not a cause for panic. We have the best vaccine in the world. The best medicines, the best scientists, and we're learning more every single day. Meanwhile, drugmakers have expressed concerns that their current vaccines may not work as well against omicron, which contains several mutations and have already started testing against it. Pfizer and Moderna say they could have vaccines specific to the new variant ready within a few months. Johnson & Johnson is also evaluating its vaccine and says it will begin working on a new targeted vaccine if necessary. Shares of Moderna rose nearly 12% shares of Pfizer fell nearly 3% and shares of J&J were up .3%. In the broader market after a record setting sell off on Friday, U.S. stocks ended the day with modest gains that I was up .7%, the S&P 500 gained 1.3% and the NASDAQ rose 1.9%. Jack Dorsey has announced he's stepping down as CEO of Twitter. Dorsey cofounded the social media company and has led it since returning to the role in 2015. Heard on the street columnist, Laura foreman says there are questions about why he's taking the step now. In his resignation letter, which he posted fittingly on Twitter, he says very clearly, this is my decision. And he talks a lot about how, you know, a fatal flaw of many tech companies is that they keep the founders on too long, that being founder lad is inherently limiting at some point. And there's certainly some truth to that, but that, of course, completely ignores the fact that he's got these two activist investors Elliott management and silverlake who have been pushing for him to resign for over a year now. They basically have taken issue with the fact that he's running two different companies. And while square has done it's a FinTech company that he also cofounded very well over the last, well, since going public, Twitter has been lagging. It's user base, growth is slowing. And it's been behind the curve in terms of social media, tech developments. Twitter's chief technology officer parag agrawal will take over as CEO. Dorsey will remain on the company's board until his term expires next year. Shares of Twitter initially jumped on the news, rising as much as 11% before ending the day down 2.7%. For more on this story, listen to our tech news briefing podcast tomorrow morning. Amazon warehouse workers in Alabama will hold a new vote on unionizing after a federal official tossed out the results from a vote earlier this year. According to a spokesperson for the national labor relations board, the agency determined that Amazon violated labor law in its campaign against organizing, including by installing a U.S. Postal Service collection box next to the facility that could have confused employees. The retail wholesale and department store union cheered the decision and Amazon spokeswoman defended the results of the first vote, calling the NLRB decision disappointing. The company can appeal the decision. Amazon doesn't have any unionized employees in the U.S.. And the Treasury Department says it's planning to redirect rental assistance money from states that haven't used the bulk of their funds to localities with greater demand, including those with request backlogs. Buying administration officials did not specify which areas could lose or gain funds. But they noted that rural states like Montana and North Dakota have large amounts of untapped money. While more populous states, like New York and Texas, are closer to exhausting their aid. Sources say the initial reallocation is expected to be unveiled early next month, and could exceed $800 million. Coming up, how companies are planning around oh Macron. Facebook leads the industry and stopping bad actors online. That's because they've invested $13 billion in teams and technology to enhance safety over the last 5 years. It's working. In just the past few months, they've taken down 1.7 billion fake accounts to stop bad actors from doing harm..

Pfizer Moderna Biden administration President Biden Johnson & Johnson Twitter Moderna rose Laura foreman Dorsey Elliott management Jack Dorsey parag agrawal Amazon
"parag agrawal" Discussed on MarketFoolery

MarketFoolery

04:13 min | 6 months ago

"parag agrawal" Discussed on MarketFoolery

"Welcome to market foolery. I'm Chris hill with me today. Jason Moser. How was your Thanksgiving? Where am I? I'm sorry. I was just waking up from my Turkey induced coma. It was really of us. It was great. How was yours? The same. The same. Yeah, kind of have to get back on the whole exercising thing. There was not a lot of that happening. Well, I mean, you got to give it the full don't you just wait till January. I mean, really, can't you just December that's a whole holiday month too. So I don't know. I've always found it difficult to just turn it on and off like that. I just sort of give up around the beginning of October. And then just try to reassess at the beginning of January. Wait for the season of resolution to get it. We're going to start with the president at the news fairy dropped off this morning, which is Jack Dorsey resigning as CEO of Twitter, agrawal, who is the longtime chief technology officer, Twitter was named to move into the corner office. And initially, this was really moving the stock at one point early this morning, shares of Twitter were up 11%. Now they're basically flat. There are a couple of things I want to get to, but let's start with, look, we're long-term investors, but let's start with the very short term movement of the stock. Because one way to read what happened was that everyone got very excited. And look, this has been pushed by some activist investors who were pushing for change. Not happy with what has happened with Twitter stock over the last few years. Initially, you could look at this and say, oh, great, we got the change we wanted. And then, and this is not a knock on parag agrawal. But one way to read what happened to the stock, or what is happening with the stock is that.

Jason Moser Chris hill Twitter coma Jack Dorsey agrawal parag agrawal