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Roblox shares dropped as much as 20% on Thursday after the gaming company reported disappointing fourth quarter results in bookings and daily active user figures, creating fear that the growth in the gaming platform is slowing after years of progress. Roblox reported bookings of $1.36 billion for the fourth quarter, missing the expected $1.37 billion that was predicted by analysts polled by LSEG. Daily active users fell to 85.3 million in the fourth quarter, compared with 88.9 million in the third quarter. Hours totaled on the platform also fell in the fourth quarter, to 18.7 billion from 20.7 billion in the previous quarter. The company did report revenue up 32% …
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Flashes, a photo-sharing app that’s linked to X-alternative Bluesky, launched in beta this week before disappearing from the test store due to what its developer said was technical difficulties. Flashes developer Sebastian Vogelsang said in a Bluesky post that Apple’s engineering team is working on a fix. Apple didn’t immediately respond to Fast Company‘s request for comment. Flashes, which was revealed last month, supports photo posts of up to four images and videos up to one minute long. Items posted on Flashes will also appear on Bluesky. Comments from Bluesky users on the posts will appear back on Flashes. Flashes could be attractive to users who want to …
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Going global has been good business for Max. Since the video streamer’s debut in 39 Latin American and Caribbean countries a year ago, it has expanded to more than 70 markets globally, including Europe and Asia. These new audiences have helped grow its user base. In its most recently reported quarter, Max added 7.2 million global subscribers, bringing its total subscriber count to 110 million. As its audience grows, Max is also focusing on premium content and cracking down on password-sharing. JB Perrette, president and CEO of Warner Bros. Discovery global streaming and games, appeared on Fast Company‘s Most Innovative Companies podcast to talk Max’s international exp…
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It’s the end of an era for surf-and-skate-inspired clothing enthusiasts, as some once-beloved stores close their doors. Liberated Brands, which owns Billabong, Quicksilver, Volcom, Roxy, and other brands, filed for Chapter 11 bankruptcy in Delaware this week. As a result, 120 stores across the U.S. owned by the company will close. The company will also close its international offices, and has laid off 1,400 employees. In a declaration filed along with the Chapter 11 petition, CEO Todd Hymel blamed the rise of fast fashion brands, as well as high interest rates and inflation, for the brand’s demise. “The average consumer has shifted their spending away from dis…
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Entrepreneurial couples and co-founding duos share a unique bond – whether they’re bound by marriage or business. Their synergy often stems from shared passions, complementary skills, and the drive to build something meaningful. But the reality is that co-founding a business with someone – romantic partner or not – isn’t always easy. From aligning strategic visions to juggling multiple responsibilities, the pressures of scaling a company can wear on even the strongest partnerships. Yet, entrepreneurial couples offer a blueprint for success precisely because their personal and professional lives are deeply intertwined. As such, they have to adapt, compromise, and communica…
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Are you suffering from “Zoom fatigue?” Exhausted from being on video calls multiple times a week, or even every day? Well, it may be because you’re sick of looking at your own face, according to a new study. That study, from researchers at Michigan State University and published in the journal PLOS One, discovered that “facial appearance dissatisfaction” could explain the weariness people are experiencing when using videoconferencing technology. Our increased reliance on virtual meetings in the workplace, especially with the rise of remote work, means we are spending a lot more time on camera, which has significant implications for workplace productivity and indiv…
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The Brannock device—that sliding metal gadget used in shoe stores to measure the dimensions of your feet—was invented 100 years ago this year. But footwear fitting hasn’t really gotten more advanced since, says Dan Cataldi, founder and CEO of custom insole maker Groov. For most people, it still comes down to finding shoes by style and size, taking a few steps in them, and hoping for the best. And when it comes to insoles, the part of the shoe that you actually walk on, people with medical issues and professional athletes might get custom orthotic inserts fitted by a doctor, while most people make do with what comes in their shoes or, in a pinch, a cushioning insert from …
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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’s “deep research” gives a preview of the AI agents of the future OpenAI announced this week its AI research assistant, which it calls “deep research.” Powered by OpenAI’s o3-mini model (which was trained to use trial and error to find answers to complex questions), deep research is one of OpenAI’s first attempts at a real “agent” that’s capable of following instructions and working on its own. OpenAI says deep research is built for people in fields like finance, science, policy, …
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When you think about ChatGPT, what do you see? A box. A prompt. A lot of text. OpenAI’s flagship product is defined by typography—it’s the way users communicate their queries, and the way the model responds in kind. Typography is “the first thing people interact with when meeting AI for the first time,” says OpenAI design director Shannon Jager. [Image: OpenAI]Which is why for its first rebrand ever, OpenAI put typography squarely at the center of its new look. OpenAI’s refreshed brand includes a tweaked “blossom” logo with lines that are thicker and all the same width, a new “point” mark, and a fresh wordmark set in its new typeface OpenAI Sans. [Image: OpenAI]Designed …
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Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa. The company said Thursday that it will separate from its automation and aerospace technologies businesses. Including plans announced earlier to spin off its advanced materials business, Honeywell will consist of three smaller entities in hopes that they will each be more agile. “The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for…
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Gucci announced on Thursday that its creative director of under two years, Sabato De Sarno, has left the position just two and a half weeks before the next runway show, and that the new collection would be created by the design team. The abrupt announcement of De Sarno’s departure comes as Gucci prepares to open Milan Fashion Week with a combined womenswear and menswear collection on February 25. His replacement will be announced “in due time,” the statement said. Gucci’s new CEO, Stefano Cantino, expressed gratitude for De Sarno’s focus on “Gucci’s craftsmanship and heritage,” while Kering deputy CEO Francesca Bellettini said he had “further strengthened Gucci’s fundam…
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Dairy cattle in Nevada have been infected with a new type of bird flu that’s different from the version that has spread in U.S. herds since last year, Agriculture Department officials said Wednesday. The detection indicates that distinct forms of the virus known as Type A H5N1 have spilled over from wild birds into cattle at least twice. Experts said it raises new questions about wider spread and the difficulty of controlling infections in animals and the people who work closely with them. “I always thought one bird-to-cow transmission was a very rare event. Seems that may not be the case,” said Richard Webby, an influenza expert at St. Jude Children’s Research Hospital…
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It’s been a rough few years for brick-and-mortar retailers. In 2024, numerous big-name companies shuttered or announced their intentions to shutter locations across the country, including Big Lots, Macy’s, CVS, LL Flooring, Walgreens, and Family Dollar. Now a discount retail chain with nearly a hundred stores has announced that it will close all of its locations. That retailer is Bargain Hunt, which filed for Chapter 11 bankruptcy protection earlier this month. Here’s what you need to know about its bankruptcy and store closings: Why did Bargain Hunt file for bankruptcy? Interestingly, Bargain Hunt has not revealed specific reasons for filing for bankruptcy. No…
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“I knew when I was a child, like 5 years old, I knew I wanted to make beautiful things,” says Helena Bian, founder and CEO of lighting company Harlowe, though it took some time to find her path. After school, Bian became a mechanical and electrical engineer, cutting her teeth at hardware companies like Dewalt, where she learned that the industry was dominated by men who didn’t necessarily share her vision of creating beautiful things, and who would rather just focus on function. She daydreamed about making both until she founded Harlowe, a company that arguably makes some of the most beautiful gadgets you can find today. Bian had an idea for high-design photogra…
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There’s no question that the face of America is changing. Those under 18 are the first majority minority generation: 53% are non-White; one in four are Hispanic, and one in five are the children of immigrants. But while evolving racial demographics are reshaping rising generations, we are no longer a young nation: by 2030, Americans older than 65 will outnumber those under 18, a major deviation from 2000 when 26% were under 18 and just 12% were over 65. Add to that a widening wealth gap: The gap between top one fifth incomes and bottom one fifth incomes has increased by 53% in the past decade. To better understand the impact of these changes on the mindset and needs o…
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It’s been a rough week for the tech industry. First, Salesforce announced it would lay off more than 1,000 employees, and now another enterprise software maker has announced even deeper job cuts. Yesterday, Workday, Inc. (Nasdaq: WDAY), maker of cloud-based human resources software, announced that it would lay off 1,750 employees—or roughly 8.5% of its global workforce. These layoffs add to a rough start for the tech industry in 2025, which has seen major tech giants, including Meta, Microsoft, and Amazon, trim their workforces. Here’s what you need to know about Workday’s layoffs. Roughly 8% of Workday’s employees are impacted Workday yesterday announced …
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Human skills fall into three major buckets: physical, intellectual, and emotional. Of these, the last two are critical differentiators of talent across all knowledge economy jobs. When it comes to intellectual skills, such as learning ability, a century of scientific evidence reveals that this trait is the most consistent predictor of job performance and career success across all occupations. Why? Because it predicts how fast and well you can learn, reason, and solve problems, which basically matters in every job. That said, intellectual skills are clearly not enough to do well in your job or career. In fact, most jobs will also require you to understand, influenc…
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The generative AI revolution has turned into a global race, with mixtures of models from private companies and open-source initiatives all competing to become the most popular and powerful. Many choose to promote their prowess by demonstrating their performance on common tests and levels within regular rankings. But the legitimacy of those rankings has been thrown into question as new research published in Cornell University’s preprint server arXiv shows it’s possible to rig a model’s results with just a few hundred votes. “When we talk about large language models, their performance on benchmarks is very important,” says study author Tianyu Pang, a researcher at S…
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