Tag: CEO

SpaceX Mars Prototype Rocket Nails Landing For the First Time, But Explodes On Pad

A SpaceX rocket prototype, known as SN10, soared over South Texas during test flight Wednesday before swooping down to a pinpoint landing near its launch site. Approximately three minutes after landing, however, multiple independent video feeds showed the rocket exploding on its landing pad. CNN reports: SpaceX’s SN10, an early prototype of the company’s Starship Mars rocket, took off around 5:15…

Okta Says It’s Buying Security Rival Auth0 For $6.5 Billion

Okta, whose cloud software allows office workers to access all of their apps through a secure online service, said on Wednesday that it’s spending $6.5 billion to acquire rival Auth0. CNBC reports: Okta’s shares plunged about 13% in extended trading after the announcement. The all-stock deal equals about 21% of Okta’s market cap as of Wednesday’s close. Okta said it expects…

Disney CEO Suggests There’s No ‘Going Back’ To Pre-COVID Film Releases

As Disney prepares to release “Raya and the Last Dragon” in theaters and as a premium on-demand title this Friday, CEO Bob Chapek says that he thinks the experimentation his studio and others in Hollywood are doing with releasing movies during the pandemic will permanently change the movie business. From a report “The consumer is probably more impatient than they’ve ever…

Rocket Lab Reveals Plans For Reusable Rocket With 8 Ton Payload

Rocket Lab has unveiled plans for a larger rocket that can carry bigger payloads than its current reusable trooper, the Electron. It’s called the Neutron and will be capable of carrying 8 metric tons to low-Earth orbit compared to the Electron’s 660 lbs capacity. Engadget reports: The Neutron will also have a fully reusable first stage that can land on an…

Reddit CEO Says Platform Doesn’t Plan To Ban Pornography

Reddit CEO Steve Huffman said in an interview that the company supports pornography on its platform, as long as it’s not exploitative. From a report: “You can look at [porn] as exploitative. And, indeed, much of it is. And that’s not the content that we want on Reddit,” Huffman told Axios. “But there’s another aspect that’s empowering. And these are people…

Bill Gates, Elon Musk Both Warn ‘Don’t Go Too Far with Crypto Speculation’

From a report:
Microsoft CEO Bill Gates has an interesting take on who should buy Bitcoins. He being the third richest man in the world said that Bitcoins are not for him because he has less money than Tesla CEO Elon Musk. So basically anybody who has less money than Musk should not invest in Bitcoin… Gates during an interview with Bloomberg…

SolarWinds’ Former CEO Blames Intern for ‘solarwinds123’ Password Leak

“Current and former top executives at SolarWinds are blaming a company intern for a critical lapse in password security that apparently went undiagnosed for years,” reports CNN. The password in question, “solarwinds123,” was discovered in 2019 on the public internet by an independent security researcher who warned the company that the leak had exposed a SolarWinds file server… It is still…

Best Buy Lays Off 5,000 Workers, Will Close More Stores

Best Buy said it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics online. From a report: The news comes at a time when big chains face growing competition from Amazon and other sites that sell items like TVs and laptops. Fry’s Electronics said Wednesday that it would abruptly close…

US Says Saudi Prince Approved Journalist Khashoggi Killing

A US intelligence report has found that Saudi Crown Prince Mohammed bin Salman approved the murder of exiled journalist Jamal Khashoggi in 2018. BBC: The declassified report released by the Biden administration says the prince approved a plan to either capture or kill the US-based Saudi exile. It is the first time America has publicly named the crown prince, who denies…