What's on Your Mind?
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Ralph Waldo Emerson once wrote that “a foolish consistency is the hobgoblin of little minds.” Despite the popular image of a strong leader as one who makes bold decisions and sticks with them, great leadership actually requires adapting to changing circumstances. A course of action that seemed like a great idea on one day may be a clear losing proposition when additional information becomes available. A complexity with changing your mind as a leader is that your previous choices and plans affect a number of other people’s lives. People who work for you are currently working to implement the plan you laid out. Others, like clients or suppliers, may be planning future e…
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DoorDash, the ubiquitous U.S. food delivery app, has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash, expanding its business in Europe, Asia, and the Middle East. San Francisco-based DoorDash will pay 180 pence ($2.40) for each Deliveroo share, 29% more than the closing price on April 24, the day before the offer was announced, the companies said in a joint statement before the London Stock Exchange opened for trading on Tuesday. The deal is DoorDash’s second major international acquisition in three years as the company expands from its traditional base in the U.S., Canada and Australia. After the purchase of Deliveroo, and …
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When wood thrushes arrive in northern Mississippi on their spring migration and begin to serenade my neighborhood with their ethereal, harmonized song, it’s one of the great joys of the season. It’s also a minor miracle. These small creatures have just flown more than 1,850 miles (3,000 kilometers), all the way from Central America. Other birds undertake even longer journeys — the Swainson’s thrush, for example, nests as far north as the boreal forests of Alaska and spends the nonbreeding season in northern South America, traveling up to 5,600 miles (9,000 kilometers) each way. These stunning feats of travel are awe-inspiring, making it that much more tragic when …
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After all these years, Napster is apparently worth $207 million. That’s how much artificial intelligence and extended reality company Infinite Reality purchased the former file-sharing service for on Tuesday. Under its new ownership, Infinite Reality said Napster will become a virtual concert venue that sells physical and virtual merchandise to musicians’ super fans and is capable of hosting social listening parties and gamifying fan engagement and loyalty. “By acquiring Napster, we’re paving a path to a brighter future for artists, fans, and the music industry at large,” Infinite Reality CEO John Acunto said in a statement. “This strategic move aligns with Infini…
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Meta Platforms CEO Mark Zuckerberg took the stand on Monday at a high-stakes trial in Washington over U.S. antitrust enforcers’ claims that the company spent billions of dollars to acquire Instagram and WhatsApp to fend off Facebook competitors. The FTC is seeking to force Meta to restructure or sell Instagram and WhatsApp, testing President Donald The President’s promises to take on Big Tech while posing an existential threat to a company that by some estimates earns about half of its U.S. advertising revenue from Instagram. Wearing a dark suit and light blue tie, Zuckerberg calmly responded to questions while seeking to combat allegations Meta bought the compani…
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Uber is facing internal staff unrest as it attempts to implement a three-day-per-week return to office (RTO) mandate and stricter sabbatical eligibility. An all-hands meeting late last month descended into acrimony as staff flooded the online meeting chat with queries about why the mandate was being enacted. “How is five years of service not a tenured employee? Especially when burnout is rampant in the org,” read one message that was reviewed by CNBC. Following the meeting, Nikki Krishnamurthy, Uber’s chief people officer, issued a memo saying staff had “crossed an acceptable line” during the call. It’s unclear if there has been any disciplinary action to date. …
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Artificial intelligence might be the future of the workplace, but companies that are trying to get a head start on that future are running into all sorts of problems. Klarna and Duloingo have been some of the poster children for the “AI-first” workplace. Two years ago, Klarna CEO Sebastian Siemiatkowski announced he wanted his company to be the “favorite guinea pig” of OpenAI, instituting a hiring freeze and replacing as many workers as possible with AI systems. Last month, Duolingo announced an AI-first shift, saying it would stop using contractors to do work AI can handle and only increase headcount when teams have maximized all possible automation. Klarna, thou…
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Igloo is recalling more than 1 million of its coolers sold across the U.S., Mexico and Canada due to a handle hazard that has resulted in a handful of fingertip injuries, including some amputations. The now-recalled “Igloo 90 Qt. Flip & Tow Rolling Coolers” have a tow handle can pinch users’ fingertips against the product — posing potential amputation and other crushing risks, according to a Thursday recall notice from the U.S. Consumer Product Safety Commission. Igloo has received 12 injury reports in the U.S., the CPSC notes, which include fingertip amputations, bone fractures, and lacerations. There are no known injuries in Canada or Mexico. Consumers i…
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“Meta profits, kids pay the price,” was the message delivered by dozens of grieving families at the doors of Meta’s Manhattan office on Thursday. Forty-five families traveled from across the U.S. and as far as the United Kingdom to hold a vigil outside the East Village headquarters of Meta, the parent company of Facebook and Instagram. Holding photos of their children, they spoke about lives lost to cyberbullying, sextortion scams, and suicide-glorifying content—calling on Meta to take immediate action to protect children on its platforms. On a pile of rose bouquets, the families and demonstrators placed an open letter addressed to Mark Zuckerberg. Signed by more …
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For as much as the design industry exaggerates the narrative and drama around unboxing a product, Kind is one of the few brands in which the packaging really does serve the customer experience. Its clear window advertises the natural ingredients: nuts, chocolate, and minimal sugar. The wrapper offers literal transparency into what you’re putting into your body. Of course we know now that plastic is as bad for our environment as it is for our biology. And Kind has spent more than two years reimagining its iconic plastic packaging as a paper wrapper that it hopes to eventually put around the hundreds of millions of bars it sells each year. Developed by Printpack, the compan…
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At its annual Google I/O developer conference in Mountain View next week, Google will try to rally developers around one of its next big bets: Android XR. Later this year, Samsung is set to release the first VR headset powered by the spatial computing operating system, and Google is aiming to attract as many developers as possible to build apps for the device. That’s no small task for a company whose history with AR and VR has been marked by inconsistency. Google was among the first to experiment with AR glasses, gave millions their first taste of VR through low-cost mobile viewers, and even launched a stand-alone immersive VR headset before Meta—only to abandon each …
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Market manipulation in the cryptocurrency world is rampant—and fewer than 500 people are responsible for as much as $250 million a year in profits and over $3.2 trillion in artificial trading, according to a new study published on Cornell University’s preprint server arXiv. Honglin Fu and colleagues at University College London have developed a tool that can track the coordination of pump-and-dump schemes, where crypto coin holders artificially inflate the price of a cryptocurrency by touting fake recommendations and generating nonexistent hype, making ordinary people intrigued enough to buy into a cryptocurrency before the owners then pull their stake and crash the p…
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The Netherlands expanded a government-run initiative on Monday allowing legal cannabis sales. While growing cannabis is still illegal, cannabis shops—known as coffeeshops—in 10 municipalities will be allowed to sell marijuana from 10 licensed producers. “Weed was sold here legally for 50 years, but the production was never legal. So it’s finally time to end that crazy, unexplainable situation and make it a legal professional sector,” Rick Bakker, commercial director at Hollandse Hoogtes, one of the regulated producers, told the Associated Press. Some 80 coffeeshops are taking part in the experiment which advocates hope this will ultimately end a long-standing …
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The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. Have you ever wanted to break up with your doctor—not because of the practitioner, but because of the difficulty in engaging with their practice? You’re not alone. I’ve left doctors for that reason and McKinsey has found that nearly 25% of consumers have delayed care because they hate everything about the process. System complexity is not doctors’ fault, but making the care experience easier for…
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Workers without college degrees have, for some time, faced declining opportunities in the workforce. However, new data signals that this may be changing, a sign that hiring managers are less focused on educational attainment and more focused on skills than they were in years past. That’s according to new research from Opportunity@Work, a nonprofit focused on increasing career opportunities for workers who lack college degrees but are “skilled through alternative routes,” aka “STARs.” The research, which analyzed trends in so-called paper ceilings, finds that between the years of 2000 and 2020, 70% of newly created jobs often required a college degree. However…
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Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here. OpenAI will acquire the AI device startup co-founded by Apple veteran Jony Ive and Sam Altman, called “io,” for nearly $6.5 billion, Bloomberg reported Wednesday. This almost certainly will put OpenAI in the consumer hardware business, and it seems like it will soon release a dedicated personal AI device. Ive is a pedigreed design guru with a track record of creating iconic tech products like the iPhone and the Apple Watch. Ive, a close friend of Steve Jobs, left Apple in 2019. “I hav…
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Every year, millions of Muslims take part in observing Ramadan: a spiritual month dedicated to cleansing the soul and spirit, hallmarked by the practice of fasting. This means that for 30 days, from sunrise to sunset, practitioners abstain from eating food and drinking water, only breaking their fast once the sun disappears in their respective geolocation—a time that shifts up or down depending on the season. Yep, not even water. As someone who observes Ramadan, every year I am both amused and baffled by the awkwardness that surrounds the month in the workplace. Inquiries about what fasting entails are far and few, whether out of fear of disrespect, uncertainty, …
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