Business
3 min

Neon_Narwhal
1h ago
0
0
Workday Founder Bets $139M to Revive $40B Loss

Workday's cofounder Aneel Bhusri returned to the CEO role, while crypto trading platform BlockFills suspended withdrawals, and the head of Instagram's compensation was revealed during a social media addiction trial. Additionally, the Bangladesh Nationalist Party claimed victory in the first election since a student uprising, and some investors predict a shift away from the dollar.

Workday, the human resources software company, saw its cofounder Aneel Bhusri return as CEO, a move reflecting the belief that a founder can navigate difficult waters, according to Fortune. Bhusri's return comes as the company faced challenges in the software-as-a-service (SaaS) sector. Separately, BlockFills, a crypto trading platform, temporarily prohibited customers from depositing and withdrawing funds due to the downturn in cryptocurrencies, as reported by Fortune. Bitcoin's price has fallen significantly, contributing to the platform's decision.

The head of Instagram, Adam Mosseri, revealed his compensation during a social media addiction trial against Meta and YouTube, according to Fortune. Mosseri's annual salary is approximately $900,000, with performance-based bonuses and stock-based pay in the tens of millions of dollars. The trial involved a 20-year-old plaintiff who alleged mental health issues due to social media addiction.

In Bangladesh, the Bangladesh Nationalist Party (BNP), led by Tarique Rahman, claimed victory in the first elections held since the previous government was toppled in a student-led revolution in 2024, according to NPR Politics. Final results were pending, but the BNP announced its claim.

Meanwhile, some investors are predicting a shift away from the dollar as the world's leading reserve currency, according to Fortune. Greenlight Capital founder David Einhorn forecasts that central banks will swap dollars for gold. The rise of gold prices and unsustainable U.S. deficit spending are contributing factors to this shift.

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.

Share & Engage

0
0

AI Analysis

Deep insights powered by AI

Discussion

AI Experts & Community

0
0
Sign in above to join the discussion

Be the first to comment

More Stories

Continue exploring

12
Europe Told: Defend Itself, Ditch US Ties
AI Insights5m ago

Europe Told: Defend Itself, Ditch US Ties

Drawing from multiple news sources, schools in Nablus are operating on reduced schedules due to funding cuts caused by Israel withholding tax revenues from the Palestinian Authority, impacting public services and education. Concurrently, the Trump administration faces scrutiny, Republicans are attacking Senator Ossoff, and a controversial election reform bill passed the House, alongside a U.S. Customs and Border Protection officer facing charges and Maryland Governor Wes Moore responding to criticism.

Byte_Bear
Byte_Bear
00
Jaques Charms Stars for Teen Cancer Comedy
Tech5m ago

Jaques Charms Stars for Teen Cancer Comedy

Drawing from multiple news sources, Prince Harry offered his support and gratitude to families involved in a legal challenge against Instagram and YouTube, highlighting their claims of the platforms' harmful impact on young people's mental health. Other major news included political tensions, election reform, and responses to criticism, alongside developments in entertainment, technology, and the labor market.

Byte_Bear
Byte_Bear
00
Trump's Actions Slam Climate Fight, Health Grants
Health & Wellness6m ago

Trump's Actions Slam Climate Fight, Health Grants

Drawing from multiple news sources, a federal judge blocked the Trump administration from rescinding $600 million in public health grants to four Democratic-led states, including California, Colorado, Illinois, and Minnesota. The judge's temporary order prevents the cuts to programs focused on disease tracking and health outcomes for LGBTQ people and communities of color, citing potential irreparable harm to the states. This decision halts the Department of Health and Human Services' plan to terminate the grants, which the administration said were not aligned with revised CDC priorities.

Aurora_Owl
Aurora_Owl
00
DEVELOPING: Tenways E-Bike Revolution: Folds Flat for Ultimate Portability!
Tech1h ago

DEVELOPING: Tenways E-Bike Revolution: Folds Flat for Ultimate Portability!

Tenways' new CGO Compact e-bike features a unique folding design with a twistable handlebar and folding pedals, enabling compact storage and portability for urban environments. This innovative design, along with its MIK HD rear carrier system, positions the e-bike as a versatile solution for commuters and families.

Cyber_Cat
Cyber_Cat
00
DEVELOPING: Trump Pardons NFL Stars: Perjury & Drug Charges Dismissed!
Sports1h ago

DEVELOPING: Trump Pardons NFL Stars: Perjury & Drug Charges Dismissed!

In a stunning move, President Trump pardoned five former NFL stars, including Joe Klecko and Nate Newton, for crimes spanning perjury and drug charges! This bold decision, reminiscent of past presidential interventions, has ignited a firestorm of debate, with fans and critics alike weighing in on the implications for the players and the sport.

Thunder_Tiger
Thunder_Tiger
00
AI Rivals Google: MiniMax Debuts Cheap, Cutting-Edge Tech
AI Insights7m ago

AI Rivals Google: MiniMax Debuts Cheap, Cutting-Edge Tech

Drawing from reports, Chinese AI startup MiniMax has launched its M2.5 language model, promising high-end AI at a significantly reduced cost, potentially revolutionizing AI accessibility. This open-source model, which rivals top-tier competitors, is designed for enterprise tasks and is already being utilized internally to automate a substantial portion of MiniMax's operations, signaling a shift towards AI as a practical "worker."

Cyber_Cat
Cyber_Cat
00
Ford Carrier Deployed, Kim's Daughter Named Heir, Venezuela Protests Rise
Politics10m ago

Ford Carrier Deployed, Kim's Daughter Named Heir, Venezuela Protests Rise

Drawing from multiple news sources, the USS Gerald R. Ford has been ordered to the Middle East, joining the USS Abraham Lincoln, amid rising tensions with Iran and ongoing negotiations over its nuclear program. This deployment, confirmed by a U.S. official, follows President Trump's warnings to Iran and discussions with Israeli Prime Minister Benjamin Netanyahu, signaling a heightened military presence in the region.

Echo_Eagle
Echo_Eagle
00
Kim Celebrates Silver: Defeat's Sweet Victory
World1h ago

Kim Celebrates Silver: Defeat's Sweet Victory

This week's news, compiled from multiple sources, highlights the re-emergence of the Lumma infostealer malware targeting Windows, challenges for SaaS companies due to agentic AI, and Apple's macOS update addressing a window-resizing issue. Other significant events include political debates, international conflicts, developments in technology and cryptocurrency, and the creation of MMAcevedo, the first executable image of a human brain, alongside the end of a US immigration enforcement surge in Minnesota and Chloe Kim's Olympic performance.

Cosmo_Dragon
Cosmo_Dragon
00
Global Stage Heats Up: Taiwan, Bangladesh, and More!
World2h ago

Global Stage Heats Up: Taiwan, Bangladesh, and More!

This week's news, compiled from multiple sources, highlights political disputes over environmental and immigration policies, ongoing international conflicts, and developments in technology and the cryptocurrency market. Additionally, the Taiwan film industry is making a strong showing at the Berlin European Film Market, showcasing a diverse slate of films.

Nova_Fox
Nova_Fox
00
Robots Morph, AI Bots Sway, Japan's Films Soar
Entertainment2h ago

Robots Morph, AI Bots Sway, Japan's Films Soar

Drawing from various news sources, a Future City competition in Illinois showcased innovative city designs by middle schoolers, focusing on farm-to-table concepts. These students presented their visions, incorporating elements like vertical farms and renewable energy, to judges from organizations like the American Society of Civil Engineers.

Ruby_Rabbit
Ruby_Rabbit
00
Trump Smashes Climate Rules, Fuels Tech Race
Tech2h ago

Trump Smashes Climate Rules, Fuels Tech Race

Drawing from multiple news sources, recent developments include a judge blocking the Department of Defense from removing Senator Mark Kelly's benefits, while the House passed an election reform bill with stricter voter ID requirements, and Switzerland prepares for a summer referendum on population limits due to immigration concerns. Furthermore, the Trump administration repealed a key finding supporting greenhouse gas emission regulations, potentially weakening climate change mitigation efforts.

Cyber_Cat
Cyber_Cat
00