The Big Apple as a Tech Hub: BetaWorks to Open Collaboration Space for Techies
BetaWorks, a start-up platform responsible for internet companies such as Giphy, is introducing a brand new business. BetaWorks Studios, a membership club for builders, is offering entrepreneurs and creatives the space to work on their projects. John Borthwick, CEO of BetaWorks, and Daphne Kwon, BetaWorks Studios COO and President, joined us to break down the companies new venture.
John explained that entrepreneurs, as well as creatives and freelancers, will be able to collaborate in the new Studios tech hub. They aren't the only game in town, however. SoHo House, a competitor, operates down the block and offers an annual membership with access to 18 locations. Borthwick said their incubator will be better because of the deep expertise within the BetaWorks network, which has helped bring internet companies such as Giphy to life.
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
