Every day we wake up, drink a cup of coffee and get ready for work. Here are a few stories from around the tech world condensed to fit into one cup of coffee. These are the things you need to know before you walk out your front door (or in front of your webcam) and into the real world this morning.
So sit down, drink a cup, and start your morning right with some “fast byte” From Innovation and technology today.
Bob Iger returns as CEO of Disney
Shares of The Walt Disney Company rose during pre-market trading on Monday after news broke that Robert Iger will return as CEO of media company Megalith.
Iger took over as CEO again Sunday after Disney’s board ousted former CEO Bob Chapek.
The company reported this month Fourth quarter financial results are weaker than expected, wiping out the momentum built up during a strong year that saw record revenue and profits in multiple divisions. Disney’s broadcast division was hit particularly hard, losing $1.47 billion in the most recent quarter — more than double the loss a year earlier.
“The Board of Directors concluded that while Disney is embarking on an increasingly complex period of industry transformation, Bob Iger is uniquely positioned to lead the company through this pivotal period,” Disney Chairman Susan Arnold said in a statement.
Theranos founder was sentenced to 11 years in prison
Elizabeth Holmes, founder of Theranos, was sentenced to 11 years in federal prison.
The former Silicon Valley sweetheart was found guilty of defrauding investors in a years-long scheme at her blood testing company. US District Judge Edward Davila issued the ruling after a jury found her guilty on four counts of misrepresenting the startup’s technology, financial resources and business prospects to investors.
Holmes’ sentence is in the middle range compared to similar white collar crimes. Bernie Madoff was sentenced to 150 years in prison, while Martha Stewart served only five months. Holmes will begin her 135-month sentence on April 27, 2023, after she has brought her current pregnancy to term.
Amazon Customer Satisfaction Before Black Friday
Amazon has long been heralded for its dedication to customer service, offering fast delivery and convenient return policies. However, recent information shows customer satisfaction has been declining over the past two years.
Last year, customer satisfaction at Amazon fell to a record low in the past year American Customer Satisfaction Indexwhich tracks shopper approval at more than 400 of the largest companies in the United States
Amazon scored 78 out of 100, down from 86 out of 100 five years ago and its worst performance since 2000 — the year the index began tracking the Seattle-based company. In 2020 and 2021, Amazon fell behind on shopping sites for Costco wholesale company f Nordstrom a company
With the Black Friday rush already in full swing, the sales figures for the event will show just how much the drop in customer satisfaction is affecting the world’s largest online retailer.
Twitter brings back notable accounts
Predictably, Twitter has brought back many accounts since Elon Musk’s massive takeover. Here is a list of some of the well-known and controversial personalities on the social media platform:
- Donald Trump
- Andrew Tate
- Jordan Peterson
- Babylon Bee
- Cathy Griffin
- Kanye West
NZ company teaches dogs to drive
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