Welcome to the Week at Review! We have a lot of news for you this week: Instacart and 11X CEO Shakeups. The web series is back – type of; Threads are getting video ads. And much. Let’s get it!
Big move: Fadji Simo, CEO of Instacart Will become Openi CEO for applicationsThe company said this week. Simo is already on the open board. CEO Sam Eltman said he would be entrusted with the responsibility of helping the “traditional” company’s functions in scaling, but he did not provide any details about what it means.
Talking of Open: The company decided that its The non -profit division will maintain control Initially, after announcing that it plans to transform it into a profitable organization. Open says it made the decision after being involved in a constructive dialogue with the offices of the Attorney General of the Delivery and the Attorney General of Delware. “
And talking about CEO tricks: 11X CEO Hassan Skker announced this He’s being outgoing And go to a “non -executive chairman” position. In March, Tech Crunch reported that the 11X was showing on its website on the customer’s customer logo, which was not an active customer, and one of the companies was threatening to prosecute the matter.
This is a week of tech cranch, where we recover the biggest news of the week. Do they want to provide a newsletter in your inbox every week? Sign up here.
News
Trade mark friction: Tesla wanted to trademark the terms of “Cyberkab” and “Robotoxy” but she was Denied by US Patent and Trade Mark Office Because the terms are very common. Tesla has three months to file a response, or the office will abandon the application.
No Thanks: Addressing the stage at the annual session conference of Strikes in San Francisco on Tuesday, Mark Zuckerberg, CEO of Meta, presented his plans. Make the entire advertising industry automatic Blackbox, from the end to the end with the AI advertising device. As Maxwell Zef reported, “This is an open question as to what the AI advertisement test will do to the meta platforms from the user’s experience, considering that they are already burning with the generative AI slopes.”
Taxkarnch event
Berkeley, ca
|
June 5 June
And talking about advertising: Meta announced at the New Fronts Conference that he is Testing video ads in threads. Following the recent announcement of the update meta, threads now reach 350 million monthly active users.
Yes, please! I am not more lover in the kitchen, so the new of the hostel Robot that cooks your food for you Looks like a dream. You scroll through the list of recipes, select what you want, add the appropriate amount of the required ingredients, and the machine makes food from there.
We came back, Baby: Prior to the height of the vertical video, the scriptted web series on YouTube was quite successful in entering the sect’s favorite TV shows such as “Broad City,” “unsafe”, and “Litterkini”. Now the web series has returnedBut it lives on a new platform: Tactic.
Goodbye to a real: Bill Gates said Thursday that the Gates Foundation will be only 20 years To remove its treasury and end the operation.. It promises to donate 99 % of its luck, which is estimated to be worth $ 107 billion today.
Analysis
What is next to Openi: Open’s new reorganization plan can satisfy regulators and investors who have invested a lot in the company in hopes of future profits. But This may also disrupt the future ambitions of OpeniEspecially about any potential IPO.