Netflix co-founder reed hastings discussed his approach to taking risks in a recent podcast. He follows the principle of “recoverable risk,” meaning he takes risks that can be fixed if they don’t work out. This approach allows him to get more done and move fast. Hastings borrowed this philosophy from amazon founder Jeff Bezos, who sees risks as either “one-way doors” or “two-way doors.” Hastings agrees with the two-way door approach, which allows for reversibility and careful consideration of decisions. Taking risks has led to successful ventures for Netflix, such as the show “13 Reasons Why.” You Can Read Full News By Clicking On Below Link.
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India’s economy has shown strong growth despite global challenges, according to India’s Economic Affairs Secretary Ajay Seth. The GDP growth estimate for the fiscal year has been revised upwards to 7.6%. India’s proactive stance on reform and investment has set a benchmark for emerging economies. The country’s inflation outlook is positive, and the current account balance is…
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L’Oreal’s stock rose by 6% after reporting better-than-expected sales in the first quarter. Strong demand in Europe and North America helped offset a slowdown in shopping by Chinese travelers. The company’s like-for-like sales increased by 9.4%, surpassing analysts’ expectations. Sales in North Asia, including China, were down 1.1%, less than expected. L’Oreal’s…
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Meta AI challenge for ChatGPT has a surprising twist, although it wasn't completely unexpected.
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Meta has introduced two new things called Llama 3 and real-time image generator.
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Oil prices have gone up by 3% because there were reports of Israel attacking Iran.
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Google CEO Sundar Pichai has urged employees to be more focused and respectful in their work and interactions, following protests by employees against the company’s collaboration with Israel. Pichai emphasized the importance of open discussion while maintaining a safe and productive work environment. Chris Rackow, head of security at Google, also warned employees against violating company policies…
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Starting next year, Netflix will no longer disclose its subscriber count. Instead, it will only announce major milestones achieved. The company believes that subscriber count does not accurately reflect its growth, as it now generates substantial profit and has new revenue streams. This decision may be concerning for investors, as Netflix shares have been low. However, focusing on profits rather than…
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Google has announced plans for major restructuring that could result in layoffs. The company’s CFO, Ruth Porat, sent a memo to employees explaining that the tech sector is going through a platform shift and tough decisions need to be made. The exact number of employees affected has not been confirmed, but it is expected to impact the finance division and teams in Asia-Pacific, Europe, and the…
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Authorities have made progress in the investigation of a daring gold heist that took place at the Toronto Pearson International Airport. Nine suspects have been identified, with six already arrested. The heist involved the manipulation of an airway bill and resulted in the theft of 6,600 gold bars and over $2 million in currency. The stolen gold is suspected to have been melted down and used to finance…
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Memory chip maker Micron Technology is expected to receive over $6 billion in grants from the U.S. Commerce Department to support domestic chip factory projects. The announcement, which is not yet final, could be made next week. The funding is part of President Joe Biden’s CHIPS and Science Act and aims to secure 50,000 jobs, a $100 billion investment, and community benefits. The goal is to…
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Oil prices remained largely unchanged after experiencing a significant decline due to conflicting signals. Factors such as rising stockpiles, tensions in the Middle East, and the reintroduction of US sanctions on Venezuelan crude have contributed to the uncertainty. While geopolitical tensions in the Middle East have impacted prices, weak US data and increased crude inventories have overshadowed these…
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Time magazine’s list of 100 most influential people includes business icons who have made a positive impact on society. Satya Nadella, Jensen Huang, Ajay Banga, and others are recognized for their achievements and contributions. Nadella is praised for his work in artificial intelligence, while Mark Cuban is commended for challenging the pharmaceutical industry. Jensen Huang is recognized for…
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UBS is planning to cut more jobs as part of their integration with Credit Suisse.
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Apple’s iPhone shipments dropped by nearly 10% in the first quarter of the year, while the global smartphone market grew by 7.8%, according to IDC. Samsung regained the top spot, while budget brand Transsion saw an 85% increase in shipments. Apple’s struggles in China, its largest market, have affected its global results. The average selling prices for handsets are rising as consumers…
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A former Google recruiter advises job seekers to ask questions about salary during negotiations. Companies determine initial offers based on compensation data and salary ranges for specific positions. Candidates should try to understand which salary band they fall into and ask employers how their level maps to the company’s internal bands. You Can Read Full News By Clicking On Below Link.
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Millionaire founder Scott Galloway believes that storytelling is a crucial skill for success in the age of artificial intelligence (AI). He suggests that developing the ability to write well, articulate ideas, and present them with data and visuals is important, regardless of the specific type of storytelling. Galloway emphasizes the need to adapt to changing communication platforms. You Can Read…
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Zerodha co-founder Nikhil Kamath has warned investors about a scam advertisement claiming that he shares “hand-picked” stocks in a WhatsApp group. Kamath clarified that he does not have any such group and urged people to use common sense. The advertisement falsely claimed that the group would provide reliable stock picks for free. Kamath previously advised Indian entrepreneurs to focus…
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The Union finance ministry is considering stricter measures to protect people from cyber fraud. This comes after an increase in fraud cases, including the Bank of baroda World app scam. The Reserve Bank of India had previously stopped Bank of baroda from onboarding new customers on the app due to concerns. The finance ministry may propose stricter Know Your Customer procedures and improved data security…
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In just 15 minutes, the Sensex fell by 800 points, causing investors to lose 5 lakh crore.
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