Newslit Daily

Share this post

🚴 Peloton CEO to Step Down

newslit.substack.com

🚴 Peloton CEO to Step Down

Plus: Polygon raises $450M, Peter Thiel to Leave Meta Board to Pursue Trump Political Agenda and more ...

Jose Montes de Oca
Feb 8, 2022
5
Share
Share this post

🚴 Peloton CEO to Step Down

newslit.substack.com

Good morning. Today’s brief is jam-packed with:

  • Peloton CEO John Foley to Step Down, Firm to Cut 2,800 Jobs

  • Polygon raises $450M from Sequoia Capital India, SoftBank and Tiger Global 

  • Peter Thiel to Leave Meta Board to Pursue Trump Political Agenda

  • The Economy Is Good, Actually 

  • A New Trick Lets Artificial Intelligence See in 3D 

  • IRS Backs Away From Facial Recognition to Verify Taxpayers' Identities

  • Apple Buys Startup That Makes Music With Artificial Intelligence

— Jose Montes de Oca

P.S. was this forwarded to you? Sign up here.


Today’s pick

Peloton CEO John Foley to Step Down, Become Executive Chair

(Cara Lombardo via Wall Street Journal) Exercise-equipment maker to name former Spotify CFO Barry McCarthy as replacement, overhaul board and cut costs. Read more

Twitter avatar for @CaraRLombardo
Cara Lombardo @CaraRLombardo
Big @WSJ scoop: Peloton ($PTON) hopes to regain its footing by replacing its CEO, ending plans for a new factory and making several other changes. All the details:
wsj.comPeloton CEO John Foley to Step Down, Firm to Cut 2,800 JobsThe once-hot bike maker will name former Spotify CFO Barry McCarthy to succeed John Foley, cut roughly 2,800 jobs and other costs and overhaul its board after a slowdown in demand caused its value to plummet.
10:05 AM ∙ Feb 8, 2022
64Likes43Retweets

Polygon raises $450M from Sequoia Capital India, SoftBank and Tiger Global

(Manish Singh via TechCrunch) Ethereum scaling firm Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion, aggressively expands its portfolio of Ethereum scaling solutions and works to attract the larger ecosystem. Read more

Twitter avatar for @refsrc
Manish Singh @refsrc
Confirmed: Sequoia Capital India leads $450M investment in Polygon's first major VC round. Others participating include: SoftBank, Tiger Global, Galaxy Digital, Alameda Research, Alexis Ohanian, Steadview Capital, Animoca Brand and Elevation Capital. techcrunch.com/2022/02/07/pol…
Twitter avatar for @refsrc
Manish Singh @refsrc
Scoop: Sequoia Capital India and Steadview Capital are in talks to back Polygon https://t.co/09Nhd3MXin
2:50 PM ∙ Feb 7, 2022
324Likes41Retweets

Peter Thiel to Leave Meta Board to Pursue Trump Political Agenda

(Lizette Chapman and Kurt Wagner via Bloomberg) Peter Thiel will step down from the board from Facebook parent company Meta in May, to increase his political support of Donald Trump’s agenda during the 2022 election. Read more

Twitter avatar for @joshua__frank
Joshua Frank @joshua__frank
The same day Peter Thiel announces he's leaving Meta's (Facebook) board to help Trump's alt-right agenda, we learn @joerogan is being pursued by the platform Rumble, which is financed by Thiel Capital, whose director is Eric Weinstein. 1/
bloomberg.comBloomberg - Are you a robot?
10:20 PM ∙ Feb 7, 2022
302Likes160Retweets

The Economy Is Good, Actually

(Zachary D. Carter via The Atlantic) Americans are living through the best labor market in half a century. Pay for low-wage workers is up. Why can’t the left take credit? Read more.

Twitter avatar for @zachdcarter
Zachary D. Carter @zachdcarter
The economy is in far better shape today than anyone could have reasonably expected at the outset of the pandemic. High demand is helping address chronic problems that have undermined American society for decades. My latest for @TheAtlantic:
theatlantic.comThe Economy Is Good, ActuallyAmericans are living through the best labor market in half a century. Pay for low-wage workers is up. Why can’t the left take credit?
2:22 PM ∙ Feb 7, 2022
1,437Likes543Retweets

A New Trick Lets Artificial Intelligence See in 3D

(Will Knight via WIRED) Some algorithms can now compose a 3D scene from 2D images—creating possibilities in video games, robotics, and autonomous driving. Read more.

Twitter avatar for @jon_barron
Jon Barron @jon_barron
Well this is pretty exciting, Wired's cover story today is about NeRF!
wired.comA New Trick Lets Artificial Intelligence See in 3DSome algorithms can now compose a 3D scene from 2D images—creating possibilities in video games, robotics, and autonomous driving.
5:54 PM ∙ Feb 7, 2022
223Likes24Retweets

IRS Backs Away From Facial Recognition to Verify Taxpayers' Identities

(Richard Rubin and Laura Saunders via Wall Street Journal) The IRS will move away from a plan that would have used outside facial-recognition software to authenticate taxpayers’ information for online accounts. Read more.

Twitter avatar for @JudiciaryGOP
House Judiciary GOP @JudiciaryGOP
Big win for privacy!
wsj.comIRS Retreats From Facial Recognition to Verify Taxpayers’ IdentitiesThe agency’s use of the technology has drawn bipartisan concerns over privacy.
8:20 PM ∙ Feb 7, 2022
1,055Likes259Retweets

Apple Buys Startup That Makes Music With Artificial Intelligence

(Mark Gurman via Bloomberg) Apple acquired a startup called AI Music that uses artificial intelligence to generate tailor-made music, according to a person with knowledge of the matter, adding technology that could be used across its slate of audio offerings. Read more.

Twitter avatar for @markgurman
Mark Gurman @markgurman
Apple has just acquired … a startup called AI Music that makes music with artificial intelligence — in one of its few deals made over the past year.
bloomberg.comBloomberg - Are you a robot?
10:22 PM ∙ Feb 7, 2022
395Likes76Retweets

That’s all for today. I’d love to hear what you think! you can reach me by hitting reply.

Take care,
Jose

5
Share
Share this post

🚴 Peloton CEO to Step Down

newslit.substack.com
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Newslit, LLC
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing