Tech
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Pixel_Panda
4h ago
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CEO Shuffle Rocks Tech & Entertainment Giants!

Disney announced Josh D’Amaro, head of its theme parks division, as the successor to CEO Bob Iger, effective March 18, 2026, according to a statement released Tuesday. Rumors of Iger's replacement had circulated for over a year following his return from retirement to lead the company.

Meanwhile, in the tech world, PayPal appointed Enrique Lores, current chair of PayPal's board and CEO of HP, as its new CEO and President. The announcement, made Tuesday, indicated Lores would replace Alex Chriss, who had only been in the role since September 2023, succeeding Dan Schulman, according to TechCrunch. PayPal cited the company's pace of change and execution as not meeting board expectations given broader market trends as the reason for the change. Jamie Miller, PayPal's CFO and COO, will serve as interim CEO until Lores assumes the position. The leadership change coincided with PayPal reporting lower-than-expected revenue and profit for the fourth quarter, attributed to decreased consumer spending amid a cost of living crisis and a softening labor market, TechCrunch reported.

In India, the Supreme Court issued a strong rebuke to Meta regarding WhatsApp's privacy policy. Judges questioned how WhatsApp monetizes personal data and how users can meaningfully consent to data-sharing practices in a market where the app is the default communications platform. "You cannot play with the right to privacy," the court told Meta, as reported by TechCrunch. The comments came as Meta appealed a penalty imposed over WhatsApp's 2021 privacy policy. The court questioned the commercial value of metadata generated by the platform and how it could be monetized across Meta's advertising business, especially in India, WhatsApp's largest market with over 500 million users.

Venture capital firm Peak XV Partners experienced further senior departures due to internal disagreements, according to TechCrunch. Managing Director Shailendra Singh told TechCrunch that the departures stemmed from a disagreement with senior partner Ashish Agrawal, leading to a mutual decision for him to leave. Two other partners, Ishaan Mittal and Tejeshwi Sharma, also chose to leave. Singh stated that Peak XV did not want to disclose specifics of the disagreement and was focused on moving forward with its plans to deepen its focus on AI investing and expand its footprint in the U.S., while keeping India as its largest market.

In gaming news, Epic Games is rolling out a program for developers that will give players a Fortnite cosmetic if they buy a game from the Epic Games Store, The Verge reported. This initiative, detailed in Epic Games Store's year in review for 2025, aims to increase gaming crossovers within Fortnite.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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