TNB Tech Minute: Elon Musk’s X Hires First CFO in Two Years
WSJ Tech News Briefing
The Wall Street Journal
4.6 • 1.6K Ratings
🗓️ 13 November 2024
⏱️ 2 minutes
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| 0:00.0 | exchanges the goldman sacks podcast featuring exchanges on rates inflation and u.s recession risk |
| 0:12.1 | exchanges on the market impact of ai for the sharpest analysis on forces driving the markets |
| 0:18.8 | and the economy count on exchanges between the leading |
| 0:22.1 | minds at Goldman Sachs. New episodes every week. Listen now. |
| 0:31.4 | Here's your TMB Tech Minute for Wednesday, November the 13th. I'm James Rundle for the Wall Street |
| 0:37.4 | Journal. We're exclusively |
| 0:39.1 | reporting that Elon Musk's ex has named Mahmoud Reza Ban Ki as its chief financial officer. |
| 0:45.1 | Ban Ki was an executive at streaming company Tubeby before he joined X in November. That's according to |
| 0:50.6 | his LinkedIn profile and a person familiar with his hiring. He is the first known CFO for the company in the two years since Musk acquired the social media |
| 0:58.8 | giant. |
| 0:59.8 | Ban Ki was pardoned by former President Donald Trump in a case connected to 2010 charges for making |
| 1:05.5 | false statements. |
| 1:06.8 | He was also charged at the time with violating sanctions against Iran, but those charges were |
| 1:11.3 | later overturned on appeal. |
| 1:13.4 | Banking and X didn't respond to requests for comment. |
| 1:16.9 | Meanwhile, Amazon is launching a new section on its app focusing on low-cost products, |
| 1:21.7 | as it looks to fend off competition from Chinese online retailers, Temu and Sheehan. |
| 1:26.6 | Amazon said all products in its new section, named Hall, |
| 1:29.9 | will be priced at $20 or less, with the majority around $10. |
| 1:34.3 | Items ordered through Hall will take up to one to two weeks for delivery, the company said. |
| 1:39.5 | And Chipmaker Advanced Micro Devices said it will lay off around 4% of its global workforce as it |
| 1:45.1 | realigns the business to focus on chips for artificial intelligence and data centers. |
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