Welcome back, readers. Jordan Parker Earp is here, taking you to his annual “Billionaires’ Summer Camp,” and shares his latest tech position: “Vibes Director.”
ready? Let’s get started.
If this is sent to you, Register here. Download the Insider’s App over here.
Kevin Deitch/Getty Images
1. “Billionaires’ Summer Camp” begins today. Some of the most influential figures in technology and media are arriving this week in a small town in Idaho for the Sun Valley Conference, an annual gathering of industry tycoons.
- Over the years, the conference has been the backdrop to a number of major media mergers: Jeff Bezos’ purchase of the Washington Post, Disney’s plan to buy ABC, and NBC’s sale to Comcast all began in Sun Valley.
- I mentioned miscellaneous Twitter CEO Parag Agrawal and Elon Musk were invited this year, as were Meta Mark Zuckerberg and Sheryl Sandberg. Execs from Slack, YouTube and Spotify are also on the list; Jeff Bezos and Rupert Murdoch are not.
- In the past year, Sun Valley Airport has become so crowded with private jets that the Federal Aviation Administration has had to delay incoming planes.
See what the conference is all about.
In other news:
Xiaolu Chu / Getty Images
2. Fifteen black employees are suing Tesla. Alleging racial harassment, current and former workers say the automaker created a racially hostile work environment in its factories. One plaintiff said he was treated at work and told to “suck it up and be a man” – that’s what we know so far.
3. Web 3.0 companies are dropping corporate culture managers to be “sentiment managers.” Insider spoke with several sentiment chiefs, who shared how they got the job (and what exactly that means), what it takes to manage company feedback, and why maintaining sentiment is more important than ever.
4. Besieged crypto lender Celsius is said to be laying off 150 employees. According to Calcalist, the company Now facing the possibility of bankruptcy After “severe market conditions.” This comes after reports that Goldman Sachs is looking to put together a file A $2 billion deal to buy assets at a percentage point if they go bankrupt.
5. A freelance virtual assistant that shares how you stay organized. Hannah Dixon became a virtual assistant nine years ago, and now she makes six figures. From her “Me First” days to tech gadgets like Trello, I’ve shared three tricks for staying on top of the job.
6. Elon Musk is back on the Internet. After a mysterious nine-day hiatus from Twitter, Musk broke his silence to tweet a meme and some personal reflections and announcing that he and his four teenage sons. Meet Pope Francis.
7. Internal Amazon documents show a new policy that prevents employees from entering warehouses during off hours. Some employees and business leaders told Insider that the new policy could restrict employee union organizing activity. How politics can impede union organizing.
8. GM makes 12 electric Hummers a day. Despite a waiting list of 77,000 buyers, the company’s Detroit plant is producing cars at an unusually slow pace, according to the Wall Street Journal. Why is the Hummer EV taking so long?
Possibilities and endings:
oasisamuel / shutterstock
9. Your Apple Watch can tell you if you have a fever. According to Bloomberg’s Mark Gorman, a body temperature detection feature will be added to both the standard Series 8 model and its more rugged counterpart, both coming later this year. Here’s the latest.
10. The Tesla Model S Plaid is the fastest ever. a Video Shows Tesla hits a speed of 216 miles per hour, a feat achieved by a company that hacked the car software. Take a look at the super-fast Tesla.
What we are watching today:
- The special purpose acquisition company I2PO expects to complete its business merger with music streaming company Deezer.
- Annual Allen & Company Sun Valley Conference Today starts.
Stay up-to-date with the latest technology news throughout the day by checking internal update, Dynamic audio news feed from the informed newsroom. Listen here.
Sponsored by Jordan Parker Erb in New York. (Notes or tips? jerb@insider.com or tweet Tweet embed.) Edited by Hallam Bullock (Tweet Tweet embed) in London.
