Musk and SEC told to work it out; Amazon's future decided in Bezos' divorce, and more top news
The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission have been given two weeks to work out their issues by a federal judge. The agency had asked the judge to hold Musk in contempt for violating the terms of an October settlement with a tweet he made in February, though the judge did not rule on the contempt charge. Tesla also announced that new-vehicle deliveries dropped 31% in the first quarter from the prior period, in a potential sign of weakening U.S. demand. ? Here’s what people are saying.
Amazon CEO Jeff Bezos will retain total control of the online giant following his divorce. His ex-wife MacKenzie Bezos tweeted that she had “finished the process of dissolving†her marriage, giving him 75% of their interest in Amazon and complete control of the Washington Post and Blue Origin. While MacKenzie will retain 25% of the couple’s shares in Amazon — currently worth more than $35 billion — Jeff will control that interest. The announcement clears up concerns over the future of Amazon, which Jeff started while married to MacKenzie. ? Here’s what people are saying.
Also: Amazon plans to offer internet access to people around the globe with the help of 3,236 satellites. Companies including SpaceX and OneWeb have announced similar plans. ? Here’s what people are saying.
JPMorgan Chase’s Dimon says cyberattacks may be the greatest threat to the U.S. financial system. In an unusually long annual letter to shareholders, the chief executive of the country’s biggest bank by assets said that while it spends an annual $600 million on security — interconnectedness with other institutions make it an omnipresent risk. Dimon also cited continuing efforts in conjunction with Washington to mobilize against it. ? Here’s what people are saying.
Snapchat has just revealed its next move — online gaming. As it battles to combat stalling user numbers, Snap, the social media app’s parent company, announced that Snap Games will feature original games exclusive to Snapchat. It’s the latest tech company to turn to gaming, after Apple last week launched its new game subscription service, Apple Arcade, and Google last month unveiled its new gaming platform Stadia. ? Here’s what people are saying.
Condé Nast has selected Roger Lynch to serve as CEO of the company, which oversees iconic brands like Vogue, Vanity Fair and The New Yorker. Former Pandora boss Lynch will be tasked with leading its U.S. and international businesses, with the two being combined to increase efficiencies and cut costs after Condé Nast lost $120 million in 2017. Lynch takes the helm on April 22. ? Here’s what people are saying.
Idea of the Day: It’s important to feel connected at work, especially for graduates just starting their careers, says Taylor Rowland, a new hire at Oracle.
“Having people surrounding you makes you feel like you’ve got your own little family at the company.â€
What's your take on today’s stories? Share your thoughts in the comments.
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