Twitter COO Anthony Noto is leaving the social media company in March for SoFi, a personal finance start-up. Effective March 1st, Noto will become CEO of SoFi, and Twitter's COO role will be filled by “other members of Twitter’s leadership team,” according to the company. Twitter shares tumbled following the announcement.
Netflix reports huge subscriber growth, adding more than 8 million customers worldwide in Q4. The earnings report painted a picture of a very successful 2017, with plans to invest much more next year. The streaming company credits its growth to an increase in original content.
Actors Debra Messing, John Cho, and director Aneesh Chaganty join us from the Sundance Film Festival to talk about their new movie "Search." The film tells the story of a father looking for his lost daughter through various means of technology. Most of the movie takes place on a laptop screen. Debra Messing and John Cho say they were excited for this film because of its unique storytelling. Chaganty says the movie took a year and a half to edit, whereas a typical movie only takes about four months.
And Kim Lopdrup, CEO of Red Lobster Seafood Co., talks about the big changes you can expect at its restaurants across the country. The company is introducing a new menu, a new look at its restaurants, and sustainability efforts across the board.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
