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 Newsa day 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

SoFi's $35 Trillion Market Opportunity That Investors Aren't Paying Attention To (Yet)
SoFi's $35 Trillion Market Opportunity That Investors Aren't Paying Attention To (Yet)

Globe and Mail

timean hour ago

  • Globe and Mail

SoFi's $35 Trillion Market Opportunity That Investors Aren't Paying Attention To (Yet)

Key Points There's a lot to like about SoFi right now, including its loan platform business and the return of crypto trading. Home lending is not a big part of SoFi's business, but it's growing quickly and could be a massive long-term opportunity. Not only could mortgage volume soar, but refinancing and home equity loans could also be a massive market as rates fall. 10 stocks we like better than SoFi Technologies › SoFi (NASDAQ: SOFI) has roughly tripled over the past year, and to be sure, there is a lot to like about the banking disruptor. For example, in the most recent quarter, SoFi added 800,000 new members -- its highest single-quarter total ever. In addition, SoFi's loan platform, where it originates loans on behalf of third-party partners, is turning into an impressive generator of capital-light fee income. SoFi could also be a big beneficiary of the student loan limitations contained in the recent tax and spending bill. And SoFi recently announced that cryptocurrency trading will return to its platform by the end of the year. I could go on, but you get the idea. This company has a lot going for it. However, SoFi has yet another opportunity that isn't getting much attention -- at least not yet. But this could possibly be SoFi's largest market opportunity of all, and it's a product that the company already offers. A $35 trillion market opportunity A few years ago, millions of Americans were tapping into their home equity. In fact, I'm not sure I could name a homeowner friend who didn't refinance or get some sort of home equity loan during the 2020-2021 period. However, once inflation hit hard in 2022 and interest rates began to rise quickly, this dried up. Many homeowners put big projects on hold that they otherwise would refinance their mortgage to fund. Sure, there are some people using their home equity right now. However, activity is significantly lower compared to the low-rate period. Not only has refinancing and home equity lending volume plummeted, but home values have also risen dramatically over the past five years. As a result, homeowners in the United States have an all-time high of $35 trillion in equity in their homes. SoFi's home loan growth is impressive In the first quarter, SoFi's home loan originations totaled $518 million. This is less than one-tenth of its personal loan originations and about half of its student loan volume. So, it's a small part of the business today. However, consider the progress SoFi has made. After a solid year in 2021, when 3% mortgage rates were common, SoFi's home loan volume fell off a cliff. In the first quarter of 2023, the company originated just $90 million in home loans. So, the volume from the first quarter of 2025 represents a 476% increase in volume in just two years. What to watch One thing that makes the home loan growth over the past two years especially impressive is that SoFi managed to do it in a terrible environment for home loans. Relatively few people are currently tapping into their home equity, and the existing home sales market remains very low. The key factor that could trigger an inflection point is mortgage rates. As I'm writing this, the average 30-year mortgage rate in the United States is about 6.75%. If this falls to 6%, 5.5%, 5%, or even lower over the next few years, it could not only help thaw the sluggish real estate market but also trigger a wave of mortgage refinancing. SoFi currently offers refinancing loans (including cash-out refinancing), a variety of purchase mortgages, and home equity loans and home equity lines of credit (HELOCs). In fact, SoFi's HELOCs have some competitive advantages, such as no application fees and the ability to borrow up to 90% of your home equity (many lenders limit this to 80%). As mentioned, Americans are sitting on $35 trillion in home equity, so the surge in volume could be massive. The bottom line is that SoFi's home loan business isn't a major component of its ecosystem yet, but it's heading in that direction. And if rates fall significantly, it could become one of the bank's most exciting opportunities. Should you invest $1,000 in SoFi Technologies right now? Before you buy stock in SoFi Technologies, 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 SoFi Technologies 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

4 Reasons to Buy Palantir Stock Like There's No Tomorrow
4 Reasons to Buy Palantir Stock Like There's No Tomorrow

Globe and Mail

time3 hours ago

  • Globe and Mail

4 Reasons to Buy Palantir Stock Like There's No Tomorrow

Palantir (NASDAQ: PLTR) stock is up over 420% in just one year -- but many investors still don't understand what's fueling the surge. From government contracts and AI dominance to explosive commercial growth, this video breaks down the real reasons Palantir might just be getting started. 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 » Stock prices used were the market prices of July 14, 2025. The video was published on July 18, 2025. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, 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 Palantir Technologies 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. *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Rick Orford has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Palantir Technologies. The Motley Fool has a disclosure policy.

Warren Buffett-led Berkshire Hathaway Has 22% of Its $290 Billion Portfolio Invested in 1 Stock That's Up 749% in 9 Years
Warren Buffett-led Berkshire Hathaway Has 22% of Its $290 Billion Portfolio Invested in 1 Stock That's Up 749% in 9 Years

Globe and Mail

time4 hours ago

  • Globe and Mail

Warren Buffett-led Berkshire Hathaway Has 22% of Its $290 Billion Portfolio Invested in 1 Stock That's Up 749% in 9 Years

Key Points Warren Buffett has an unrivaled track record allocating capital, but maybe the best dollar gain occurred with a decision made just in the past decade. This business, which remains Berkshire's top holding, has numerous traits showcasing its high quality. Investors shouldn't blindly follow Buffett. 10 stocks we like better than Apple › Since 1965, Berkshire Hathaway has compounded shareholder capital at a nearly 20% annualized rate. That unbelievable performance was under the stewardship of Warren Buffett, arguably the best investor ever. The Oracle of Omaha's most lucrative idea might have happened in the past decade, though. Shares of this consumer-facing enterprise have soared 749% in the last nine years (as of July 15), producing a huge dollar gain for Berkshire. Despite numerous stock sales over a four-quarter stretch from the fourth quarter of 2023 through the third quarter of 2024, this company still represents 22% of the conglomerate's $290 billion portfolio, making it the biggest position. 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 » This is a wonderful business, but should investors buy the stock? Passing Buffett's filter is a valuable endorsement During the first quarter of 2016, Buffett and Berkshire initiated a position in Apple (NASDAQ: AAPL). Based on the percentage return mentioned above, this turned out to be an investing masterstroke. Looking back at the decision, investors can gain valuable insights as to how Apple passed Buffett's filter. Berkshire's portfolio is full of businesses that possess strong brands. There might be none more powerful than Apple, which has a global customer base that's loyal to the company's products and services, constantly waiting for what will be launched next. Apple positions itself at the premium end of the consumer electronics industry, but its intense focus on innovation has won over consumers. This also allows for pricing power, a trait that Buffett loves. Apple's share of the smartphone industry's profits is significantly higher than its share of unit sales, which reveals the financial success of the iPhone. Buffett likes to own companies in pristine financial shape. Apple generates copious amounts of free cash flow each quarter. And in the past five years, the operating margin has averaged a breathtaking 30%. Of course, a great company doesn't always make for a worthwhile investment opportunity. Here's where valuation comes into focus. During the first quarter of 2016, Apple shares traded at an average price-to-earnings (P/E) ratio of 10.6. Viewing this multiple with the company's brand, pricing power, and profits, buying Apple more than nine years ago looks like a no-brainer decision for Buffett with the benefit of hindsight. Is Apple stock a buy now? As of March 31, Berkshire Hathaway owned 300 million Apple shares. If Buffett and his team weren't still bullish on Apple, then they wouldn't have such a huge position in the stock. But should individual investors buy shares now? To come to an informed answer requires a fresh perspective. Some of the favorable traits still hold true, like the powerful brand and the monster profits. However, there's reason to believe that this " Magnificent Seven" stock will struggle to outperform the market over the next five or 10 years. Apple's growth is nothing to write home about. The analyst community sees revenue increasing at a compound annual rate of 5.3% between fiscal 2024 and fiscal 2027. Apple's lack of progress with artificial intelligence (AI) initiatives also continues to receive criticism. Updates to the Siri voice assistant that integrate AI aren't coming until next year. And Apple has relied on partnerships to bring AI capabilities to its operating system. At the end of the day, these aren't driving meaningful growth. Investors also certainly won't be pleased with the fact that the stock currently trades at a P/E ratio of 32.9. At a valuation three times what Buffett first paid, Apple stock isn't a buy right now. 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

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