logo
Astronomer says its CEO has been placed on leave after viral Coldplay video

Astronomer says its CEO has been placed on leave after viral Coldplay video

CTV News15 hours ago
Astronomer, the tech company that found itself launched into the public eye after its CEO was spotted on a Jumbotron video at a Coldplay concert earlier this week embracing an employee, issued a statement about the matter via LinkedIn. (@calebu2/TMX via CNN Newsource)
Astronomer, the tech company that found itself launched into the public eye after its CEO Andy Byron was spotted on a Jumbotron video at a Coldplay concert earlier this week embracing an employee, announced that Byron has been placed on leave.
Astronomer's cofounder and chief product officer Pete DeJoy is now serving as interim CEO, the company said in a statement Friday night.
The New York-based company issued a statement on Friday about the matter via LinkedIn.
'Our leaders are expected to set the standard in both conduct and accountability,' the statement said in part, adding that the company's board of directors 'has initiated a formal investigation into this matter and we will have additional details to share very shortly.'
The statement also addressed incorrect information circulating on the internet in the day following the video's release, including a misidentification of a third person seen in the clip, and a parody X account that falsely claimed to have a statement from the CEO.
Byron was spotted on a Jumbotron screen at a Coldplay concert at Gillette Stadium in Massachusetts on Wednesday, embracing Kristin Cabot, the company's chief people officer, who oversees the organization's human resources.
Coldplay was performing The Jumbotron Song when the camera turned to a man and woman cuddling as they watched the stage. The two quickly separated and attempted to hide their faces, with the man ducking down, when they noticed they were on a giant screen at the venue.
'Whoa, look at these two,' Coldplay frontman Chris Martin quipped. 'Either they're having an affair or they're just very shy.'
CNN has reached out to a representative for Coldplay for comment.
The video quickly went viral and internet sleuths were the first to identify Byron and Cabot. Social media has been so invested that there are now a slew of memes and comedic videos poking fun at the incident.
Lisa Respers France, CNN
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ethereum Just Approached $3,500. 3 Reasons This Leading Cryptocurrency Is Still a Buy
Ethereum Just Approached $3,500. 3 Reasons This Leading Cryptocurrency Is Still a Buy

Globe and Mail

time5 hours ago

  • Globe and Mail

Ethereum Just Approached $3,500. 3 Reasons This Leading Cryptocurrency Is Still a Buy

Key Points Ethereum is the world's second-largest cryptocurrency by market cap. It has underperformed this year, especially compared to Bitcoin. Several developing catalysts could change this. 10 stocks we like better than Ethereum › Cryptocurrencies are rounding into form. Bitcoin, the world's largest cryptocurrency by market cap, hit fresh all-time highs of more than $123,000 on July 14. The asset's run has also sent a jolt into Ethereum (CRYPTO: ETH), which shot up to almost $3,500 per token on July 17 after having a difficult year so far. Ethereum has traded at much higher levels in the past (its record is $4,892 back in November 2021), and I think it's been a bit surprising to see the performance chart of the world's second-largest cryptocurrency diverge so much from Bitcoin's. Here are three reasons Ethereum can keep its momentum going. 1. The environment remains favorable Republicans in the House of Representatives kicked off "Crypto Week" on Monday with the goal of passing three crypto bills that are intended to create a more favorable regulatory environment for digital assets. The Genius Act is set to create a regulatory framework for stablecoins, which are digital assets backed by a commodity or currency. The Digital Asset Market Clarity Act (Clarity Act for short) would create a regulatory framework for digital assets that its backers say will provide "strong safeguards and long-overdue regulatory certainty." The Anti-CBDC (Central Bank Digital Currency) Surveillance State Act would prevent the Federal Reserve from issuing its own digital currency, which would essentially give the private sector first crack at stablecoins and other forms of innovation in the digital currency space. The Genius Act is the furthest along in the legislative process, having already been passed by the Senate. Other potential tailwinds include lower interest rates, which have historically benefited cryptocurrencies. The market is expecting the Federal Reserve to make a few cuts to its benchmark federal funds rate later this year, with more to follow in 2026. 2. Institutional interest is heating up As the regulatory environment continues to become more favorable, institutional investors and mainstream financial institutions will likely lose some of their trepidation about getting involved with cryptocurrencies. While Bitcoin could be the largest beneficiary of that, Ethereum is drawing interest as well. Recently, SharpLink Gaming purchased nearly $48.9 million worth of Ethereum. Bitmine Immersion Technologies also recently announced a $250 million private placement led by a group of top crypto investors. The plan is to follow in the footsteps of Strategy, which has tapped the capital markets to raise funds that it then uses to buy Bitcoin. But in Bitmine's case, the plan is to buy Ethereum. Part of the recent interest is around stablecoins because Tether and USDC, the two largest stablecoins, are issued on Ethereum's network. Fundstrat's Tom Lee, board chairman at Bitmine, said in a recent interview on CNBC that interest around stablecoins is set to drive Ethereum much higher this year and long term: "Stablecoins have really exploded because consumers, businesses, and banks are really interested in adopting this. The majority of stablecoins are actually transacted on the Ethereum blockchain. And if Treasury Secretary [Scott] Bessent is right, and it goes from a $250 billion market to $2 trillion, that's exponential demand for Ethereum." 3. This metric suggests Ethereum is set to close the gap with Bitcoin It's never easy to value cryptocurrencies because they don't generate earnings or cash flow -- at least, not in the traditional sense like publicly traded companies do. Still, as the asset class has grown more popular, many experts and analysts have tried to apply some sort of valuation methodology. One easy one to look at is the Ethereum-to-Bitcoin ratio, which divides the price of Ethereum by the price of Bitcoin. Currently, the ratio is at roughly 0.025. While that's not the lowest the ratio has ever been, it's definitely toward the lower end of the spectrum, looking back to 2015. Now, historical data can never predict the future. It's also possible that Bitcoin's now more prominent position, which has it viewed as a form of digital gold, will continue to send its price to new highs and create a wider disparity in the ratio. But it's also quite possible that Ethereum is undervalued right now and well positioned for a run-up. Should you invest $1,000 in Ethereum right now? Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025

If You Buy Apple With $10,000 in 2025, Will You Become a Millionaire in 10 Years?
If You Buy Apple With $10,000 in 2025, Will You Become a Millionaire in 10 Years?

Globe and Mail

time7 hours ago

  • Globe and Mail

If You Buy Apple With $10,000 in 2025, Will You Become a Millionaire in 10 Years?

Key Points Apple's ability to introduce inventive products and easy-to-use software has created a loyal following among consumers across the globe. This business has returned nearly $1 trillion to shareholders since the start of fiscal 2012. The stock will be higher a decade from now, but monster gains are a thing of the past. 10 stocks we like better than Apple › Apple (NASDAQ: AAPL) isn't having a great year. As of July 16, shares are down 16% in 2025. This negative trend hasn't prevented the stock from soaring 562% in the previous 10-year period. Worries about tariffs and slow progress with artificial intelligence (AI) might be the key factors on the minds of investors these days. But let's say that you're not deterred. If you buy Apple shares today with $10,000, will that starting sum turn into $1 million by 2035? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Becoming a dominant tech enterprise Apple's success over the years has largely come down to the company's expertise in brand management, its innovative culture that consistently introduces popular products, and its design expertise that prioritizes the user experience. It's not just about the iPod, iPhone, MacBook, iPad, AirPods, or Watch, for example, but about how these devices seamlessly integrate with the software and services to create Apple's powerful ecosystem. This is one of the best businesses in the world with unmatched reach. During the first-quarter 2025 earnings call, CEO Tim Cook mentioned that there are more than 2.35 billion active Apple devices across the globe. That figure continues to creep higher over time. And it demonstrates just how ubiquitous Apple has become. Equally if not more impressive is that these products provide Apple with the opportunity to generate more recurring revenue. ''We have well over 1 billion paid subscriptions across the services on our platform," CFO Kevan Parekh said on the Q2 2025 earnings call. With an offering set that ranges from financial services like Pay and Card, all the way to TV+, Music, and Fitness+, among others, Apple is proving that's it not just a hardware company. For a business to build this kind of adoption, especially in the notoriously difficult arena of consumer technology, it requires the rare ability to truly resonate with consumers over a long period of time. Apple's brand is extremely strong, which drives customer loyalty and pricing power. Apple's services segment posted 11.6% year-over-year revenue growth in Q2 (ended March 29), faster than the business overall. And this segment reports a stellar 75.7% gross margin, driving impressive profitability for the company. Apple raked in $24.8 billion in net income during the most recent fiscal quarter. The management team hasn't shied away from returning capital to shareholders. Since the start of fiscal 2012, Apple has returned a whopping $987 billion to its investors. The vast majority has come from stock buybacks, with about $15 billion paid in dividends annually. Apple over the next decade A good rule of thumb in investing is that winners will continue winning. Apple is clearly a fantastic business that has many wonderful qualities. And it has done nothing but take care of its shareholders in the past. But investors must view the situation today and over the next decade with clarity. With sustainable earnings per share (EPS) growth, Apple's stock price will be higher in 2035, I believe. That might be the only positive perspective that I have. I don't think shares will outperform the broader S&P 500. After all, EPS is projected to increase at a yearly clip of 8.7% between fiscal 2024 and fiscal 2027, according to Wall Street consensus estimates. Extrapolating that forecast out to 2035 doesn't give investors much to be excited about. And the expensive price-to-earnings (P/E) ratio of 32.7 adds downside risk. Apple could introduce another game-changing product that eventually rivals the iPhone in terms of its financial success. However, I believe this outcome has a very low probability of happening. This brings me to the final conclusion: If you buy $10,000 worth of Apple shares today, you won't become a millionaire in 10 years. This implies a monster 100-fold increase in the stock price, or 58.5% per year. That's not a reasonable outlook to have for any company, let alone one that carries a huge $3.1 trillion market cap. Should you invest $1,000 in Apple right now? Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025

This Artificial Intelligence Stock Has Beaten the Market in 9 of the Past 10 Years. And It's On Track to Do It Again in 2025.
This Artificial Intelligence Stock Has Beaten the Market in 9 of the Past 10 Years. And It's On Track to Do It Again in 2025.

Globe and Mail

time7 hours ago

  • Globe and Mail

This Artificial Intelligence Stock Has Beaten the Market in 9 of the Past 10 Years. And It's On Track to Do It Again in 2025.

Key Points Broadcom stock has accumulated gains of more than 2,000% in the past 10 years. Strong demand from tech hyperscalers highlights both a strength and vulnerability for the stock. 10 stocks we like better than Broadcom › Investing in top growth stocks is a great way to achieve strong returns and potentially outperform the market as a whole. The S&P 500 is an index of the leading companies on the U.S. markets, and historically, it has risen by 10% per year, though that's an average including up and down years. That return is not guaranteed, but at such a high rate, an investment would double after a little more than seven years. One artificial intelligence (AI) stock that has routinely outperformed the broad index is Broadcom (NASDAQ: AVGO). Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The semiconductor and infrastructure company has benefited from the growth in tech in recent years, and that has allowed it to outperform the market on a consistent basis. With strong gains once again so fare this year, is Broadcom still a great buy, or could it be due for a pullback? Broadcom has been a top growth stock over the past decade Here's a look at just how well Broadcom has performed over the previous 10 years, compared to the S&P 500. Year S&P 500 Return AVGO Return 2024 23.31% 107.69% 2023 24.23% 99.64% 2022 (19.44%) (15.97%) 2021 26.89% 51.97% 2020 16.26% 38.55% 2019 28.88% 24.28% 2018 (6.24%) (1.02%) 2017 19.42% 45.33% 2016 9.54% 21.78% 2015 (0.73%) 44.30% Data source: YCharts. What's surprising is that the one year when the S&P 500 did better than Broadcom was 2019, when the index finished higher at nearly 29%, versus 24% gains for Broadcom. The past doesn't predict the future, but the tech stock's terrific run can't be ignored. In 10 years, shares of Broadcom have risen by more than 2,000%, while the S&P 500 has increased by around 200%. Can Broadcom's impressive gains continue? As of the end of last week, Broadcom's stock was up around 19% for the year, which was comfortably above the S&P 500's returns of more than 6%. But with a valuation of around $1.3 trillion and Broadcom trading at 33 times its estimated future earnings (based on analyst estimates), it's not a cheap stock to own. The biggest risk is that the company relies heavily on demand from hyperscalers. These are big tech giants that have significant infrastructure needs related to tech and AI. If they scale back on their expenditures, that could significantly weigh on Broadcom's results. The company estimates that its top five customers account for around 40% of its revenue. The company's revenue during the most recent reported period -- which ended on May 4 -- grew by a rate of 20% year over year, as its top line came in at just over $15 billion, while profits more than doubled, rising to nearly $5 billion. If Broadcom can continue producing strong results such as these, it wouldn't be surprising to see it outperform the market once again this year. Though that risk of hyperscalers cutting spending remains. Is Broadcom stock a buy right now? If you're bullish on AI and expect there to be much more growth ahead, Broadcom can make for a compelling investment to simply buy and hold. But at the same time, it's also important to consider the risks ahead, especially as tariffs and trade wars could impact growth in the tech sector in the near future. Earlier this year, Broadcom's stock was underperforming the S&P 500 due to the uncertainty in the markets. While that looks like a distant memory right now, investors should brace for a possible slowdown for the stock as it's trading at an elevated valuation and it may be due for a decline. Its track record may be impressive, but that by no means guarantees it'll always be a market-beating stock. I'd hold off on buying shares of Broadcom only because the markets appear to be a bit too bullish right now, and with high expectations priced in, there's a lot of downside risk that comes with owning the stock. Broadcom isn't a bad buy, but I think there are better AI stocks to invest in today. Should you invest $1,000 in Broadcom right now? Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Broadcom wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store