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News on Medial
Musk's X taps former Tubi executive Banki as CFO
Economic Times
·
8m ago
Medial
Elon Musk's X Corp has hired former Tubi executive Mahmoud Reza Banki as its CFO, signaling a shift in focus for the social media platform. Banki joined X in November, having previously served as the finance chief at Tubi for six years. X has been making efforts to attract advertisers amidst growing competition from social media giants like Meta Platforms. Banki's appointment suggests a potential emphasis on video content for X. Last year, Musk appointed Linda Yaccarino as CEO in an attempt to revive the company's ad revenue.
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Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
Livemint
·
1y ago
Medial
Cognizant Technology Solutions has named Jatin Dalal, former CFO of Wipro, as its new CFO. Dalal will assume the role in December, succeeding current CFO Jan Siegmund. This move comes as part of several high-profile executive changes in the Indian tech industry. Dalal brings over two decades of experience from Wipro, where he served as president and CFO. Cognizant CEO Ravi Kumar S expressed confidence in Dalal's ability to drive revenue growth for the company.
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Kedaara Capital ropes in former executive from True North
VCCircle
·
8m ago
Medial
Private equity firm Kedaara Capital has hired Paras Nayyar, the former CFO of True North, as its new executive. The appointment comes as Kedaara Capital has been expanding its team following the successful raising of its sector-agnostic PE fund in India.
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Spotify names senior Saab executive Christian Luiga as finance chief
Economic Times
·
1y ago
Medial
Spotify has appointed Christian Luiga as its new CFO, replacing Paul Vogel. Luiga, a former executive at Saab, will join in the third quarter. Until then, Ben Kung will serve as the interim CFO. This move comes as Spotify looks to improve profitability by increasing prices and expanding into podcasts and audiobooks. Saab announced that Luiga has a notice period of six months and will stay until October 3rd.
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AI Startup Anthropic Hires Airbnb Veteran Krishna Rao
deepnewz
·
1y ago
Medial
Anthropic, an AI startup, has appointed Krishna Rao, a former executive at Fanatics and Airbnb, as its first Chief Financial Officer (CFO). The hiring of Rao, known for his expertise in guiding innovative organizations, is expected to enhance Anthropic's financial leadership as the company grows and expands.
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Musk and X are epicenter of US election misinformation, experts say
Economic Times
·
9m ago
Medial
According to a report by the Center for Countering Digital Hate, Elon Musk's false claims about the US election have garnered 2 billion views on social media platform X. The platform is also being used to spread misinformation about critical battleground states. Musk's support for former President Donald Trump and his large following of 203 million followers on X allows for the dissemination of content to other platforms. Fact-checkers have flagged at least 87 of Musk's posts as false or misleading. X users in swing states like Pennsylvania are misinterpreting local election events as examples of interference. An X account with 117,000 followers helped spread a fake video of mail-in ballots being destroyed.
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X facing 2,200 arbitration cases from ex-Twitter employees
Startup News FYI
·
1y ago
Medial
Since Elon Musk's acquisition of X (formerly Twitter), the company has faced over 2,200 arbitration claims, as revealed in court documents. X, in the midst of transitioning from a social media platform to an "everything app," is dealing with legal challenges stemming from terminations and alleged breach of promised severance payments. Former employees initiated a lawsuit, accusing X of hindering arbitration by not covering initiation fees. The dispute centers around the $3.5 million arbitration fees, with X contending it's not obligated to pay. Legal battles continue amid Musk's vision of transforming X into a comprehensive app.
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Unacademy appoints Pratik Dalal CFO of its offline centres business
Economic Times
·
1y ago
Medial
Unacademy, the online learning platform, has hired Pratik Dalal as the Chief Financial Officer (CFO) of its offline centres business. Dalal, a former executive at Tata Motors, will be responsible for the financial operations and strategy of Unacademy's offline centres. This move comes as Unacademy continues to expand its presence in the offline education sector.
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Tubi Experiences Remarkable Growth, Surpasses 74 Million Monthly Active Users
Robots
·
1y ago
Medial
Tubi, the ad-supported TV streaming service owned by Fox, has surpassed 74 million monthly active users, up from 64 million in February. In the first half of 2023, Tubi streamed nearly four billion hours of content. Tubi has gained a significant share of TV viewing time, representing 1.4% of total TV viewing, according to Nielsen's July Gauge report. The growth reflects a trend of consumers turning to free ad-supported streaming platforms, like Tubi, as an alternative to expensive premium subscriptions.
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How Elon Musk's own account dominates X
Economic Times
·
9m ago
Medial
Days before the presidential election, Elon Musk's influence on his social media platform, X, has grown significantly. Musk has been active on the platform, posting over 3,000 times in the past month and campaigning for former President Donald Trump. He has also shared numerous unfounded claims about the election, including allegations of voter fraud. With over 202 million followers, Musk's account dominates X and drives the platform's daily conversations. His engagement on posts has doubled in the past year. The impact of Musk's dominance, particularly as he spreads doubt about the election's integrity, could be significant.
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Orion Capital Asia taps foreign investor for latest fund with India mandate
VCCircle
·
11m ago
Medial
Singapore-based private credit firm, Orion Capital Asia, has secured an international investor as a limited partner for its latest credit fund with a specific focus on India. The firm, led by Nitish Agarwal, a former Barclays Capital executive, is nearing the final close of the fund. Orion Capital Asia specializes in private credit investments and aims to capitalize on opportunities in the Indian market.
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